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Leni [432]
3 years ago
9

Suppose $800 is invested into an account that pays 3.5% interest, compounded annually. What is the balance in the account after

5 years?
Mathematics
2 answers:
tatiyna3 years ago
8 0
<span>A = P (1 + r/n)^(nt)</span><span>
= 800 (1+ 0.035/1)^(1*5)
= 800 (1.035)^5
= 950.15

answer: $950.15 </span><span>is the balance in the account after 5 years</span>
Mkey [24]3 years ago
6 0
$950.15 A=800(1+.035)^5
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8 0
3 years ago
Which function below has the lowest y intercept? f(x) graph going through (0, 5) and (2, 1) g(x) Kyle started the summer having
mr Goodwill [35]
First find the slope of f(x).

m=(y2-y1)/(x2-x1)

m=(1-5)/(2-0)

m=-4/2

m=-2

y=-2x+b, using (2,1) we can solve for the y-intercept, "b"

1=-2(2)+b

1=-4+b

5=b

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6 0
4 years ago
Read 2 more answers
a cell phone company has a basic monthly plan of $40plus $0.45 for many minutes ised over 700. John was charged a total of $48.1
jonny [76]
Cost of month plan = $40

Cost of minutes used = $0.45 after 700 minutes

Total cost = $48.10

Let x be the total minutes used
Total cost = 40 + 0.45(x - 700)

------------------------------------------------------------------
Form the equation and solve x
------------------------------------------------------------------
40 + 0.45(x - 700) = 48.10
40 + 0.45x - 315 = 48.10
0.45x - 275 = 48.10
0.45x = 48.10 + 275
0.45x = 323.10
x = 323.10 ÷ 0.45
x = 718

------------------------------------------------------------------
Answer: John had used 718 mins this month
------------------------------------------------------------------
8 0
4 years ago
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