To find the future value of this investment the formula is
A=p (1+r/k)^kt
A future value?
P present value 1000
R interest rate 0.07
K compounded monthly 12
T time 2 years
A=1,000×(1+0.07÷12)^(12×2)
A=1,149.81

4 0

3 years ago

Read 2 more answers

What is 20/16=d/12? what equals d?

ozzi

Answer:

d = 15

Step-by-step explanation:

Divide the numbers

$\frac{20}{16} =\frac{d}{12}$

$\frac{5}{4} =\frac{d}{12}$

Multiply all terms by the same value to eliminate fraction denominators

$12*\frac{5}{4} =12*\frac{d}{12}$

Cancel multiplied terms that are in the denominator

$12*\frac{5}{4} =d$

Multiply the numbers

$15=d$

Move the variable to the left

$d=15$

Hence, d= 15.

[RevyBreeze]

8 0

2 years ago

Read 2 more answers

A college some completed some courses worth 3 credits and some courses worth 4 credits. The students earned a total of 59 credit

Law Incorporation [45]

The student completed 13 courses with 3 credit hours.

Step-by-step explanation:

Total credit hours = 59 credits hours

Total courses = 18

Let,

3 credit hours courses = x

4 credit hours courses = y

According to statement;

x+y=18 Eqn 1

3x+4y=59 Eqn 2

Multiplying Eqn 1 by 3

$3(x+y=18)\\3x+3y=54\ \ \ Eqn\ 3$

Subtracting Eqn 3 from Eqn 2

$(3x+4y)-(3x+3y)=59-54\\3x+4y-3x-3y=5\\y=5$

Putting y=5 in Eqn 1

$x+5=18\\x=18-5\\x=13$

The student completed 13 courses with 3 credit hours.

Keywords: linear equation, elimination method

Learn more about linear equations at:

#LearnwithBrainly

3 0

3 years ago