1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NikAS [45]
3 years ago
6

Tammy borrowed $5000 at a rate of 12% compounded monthly. Assuming she makes no payments, how much will she owe after 9 years?

Mathematics
1 answer:
Dominik [7]3 years ago
5 0

Answer:

$14,644.63

Step-by-step explanation:

To solve this problem we can use the compound interest formula which is shown below:

A=P(1+\frac{r}{n} )^{nt}

<em>P = initial balance </em>

<em>r = interest rate </em>

<em>n = number of times compounded annually </em>

<em>t = time </em>

<em />

First change 12% into a decimal:

12% -> \frac{12}{100} -> 0.12

Lets plug in the values:

A=5,000(1+\frac{0.12}{12})^{9(12)}

A=14,644.63

Tammy will own $14,644.63 after 8 years,

You might be interested in
What is 9 10? i don't know :(?
Maurinko [17]
Are you saying 9×10 that is 90
5 0
3 years ago
Please Help Asap Please And Thank You!
masha68 [24]

Answer:

Rate of change: 4/3

Step-by-step explanation:

Number of sodas/Total cost

pick a number

24/18 = 4/3

7 0
2 years ago
Read 2 more answers
Answer pwease lol now
Anettt [7]

Answer:

D) y = 27 · (3)^x

Step-by-step explanation:

Replace x with the x values.

27 · (3)^-2 = 27 · 1/9 = 3

27 · (3)^-1 = 27 · 1/3 = 9

27 · (3)^0 = 27 · 1 = 27

27 · (3)^1 = 27 · 3 = 81

17 · (3)^2 = 27 · 9 = 243

D is your answer.

Hope this helps

5 0
2 years ago
What is the 5-digit code?
kvv77 [185]

9514 1404 393

Answer:

  4 2 6 1 7 or 1 2 4 3 7

Step-by-step explanation:

4 are correct of 1,3,4,6,7

3 are correct of 0,2,3,6,7

1 is correct of 0,3,6,8,7 -- so not both 3 and 6, meaning 1, 4, 7 are correct

Correct digits so far are 1, 4, 7 and one of {3, 6}. Line 2 tells another is 0 or 2; line 3 tells it is not 0. This adds 2 to the list of correct digits.

This makes the correct digits 1, 2, {3, 6}, 4, 7. We don't know whether the last digit is 3 or 6.

__

Looking at digits correctly placed, line 2 tells us the code is either ...

  _ 2 6 _ 7  or  _ 2 _ 3 7

Then line 1 fills in those blanks as ...

  4 2 6 1 7  or  1 2 4 3 7

Either of these codes agrees with all of the clues.

3 0
2 years ago
You can talk on the phone y minutes on day x of month according to the equation y=2x+1 the cell phone company clams you talked 1
ValentinkaMS [17]

Answer: They are wrong

       

Step-by-step explanation: x is given a value in the problem. Since x equals 4,  We plug x into the equation.  

y = 2(4) + 1

Y is actually equal to 9 minutes, not twelve.

4 0
3 years ago
Other questions:
  • (6p-6/p)•((9p^2)/2p-2)
    12·1 answer
  • Is the gcf of a pair of numbers ever equal to one of the numbers? Explain with an example
    10·1 answer
  • The width of the figure below is 5 units. The perimeter of the figure is 18 units. What is the length of the figure in units?
    11·2 answers
  • Liam is setting up folding chairs for a meeting. If he arranges the chairs in 9 rows of the same length, he has 3 chairs left ov
    6·1 answer
  • A basketball hoop is 10 feet high. How many inches high is a basketball hoop? (1 foot = 12 inches) 11 in. 92 in. 100 in. 120 in.
    10·2 answers
  • Nivyana and Ana are selling their apparel to earn money for a cruise. Knitted scarves are $50 each in Mittens are $25 per pair.
    9·1 answer
  • Y=x-8 y=-2x+1 how do you solve the system of equation
    5·1 answer
  • Help I forgot how to do this​
    15·2 answers
  • Select all ordered pairs that satisfy the function
    10·1 answer
  • 3y=2x+15<br> Write in y=mx+b Form
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!