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Maslowich
3 years ago
14

Cory invests $4000 at 3.5%. How much will he have in 6 years if the interest is compounded monthly ?

Mathematics
1 answer:
Stells [14]3 years ago
5 0

Answer:

$ 4933.2 ( approx )

Step-by-step explanation:

∵ Future value formula is,

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

Where,

P = principal amount,

r = annual rate,

n = number of periods,

t = number of years,

Given,

P = $ 4,000, r = 3.5 % = 0.035, t = 6 years n = 12 ( number of months in 1 year = 12 ),

Hence, the future value would be,

A=4000(1+\frac{0.035}{12})^{72}=4933.20414683\approx \$ 4933.2

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scoray [572]
20.50 is the amount patti is making per hour
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3 years ago
WILL GIVE BRAINLEST!!! solve the triangle and answers to the nearest tenth.
sineoko [7]

Answer:

Angle A is 29 degress Angle B is 61 Angle C is 90

Side AB is 5.8 Side BC is 2.8 and  Side AC is 5.1

Step-by-step explanation:

Angle A is found using triangle interior theorem.

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b/sin b= c/sin c

x/sin 61= 5.8/sin 90( which equal 1)

x=5.1

I found side BC by using pythagoren theorem.

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2 years ago
3g+h=18 2g+3h=26 what is g and what is h
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Answer:

3

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h

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18

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26

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5 0
3 years ago
A researcher at a major clinic wishes to estimate the proportion of the adult population of the United States that has sleep dep
Thepotemich [5.8K]

Answer: n = 600.25 ≈ 601 ( sample size)

the minimum sample size of the adults in United State who have sleep deprivation  is 601

Step-by-step explanation:

Given that;

the confidence level = 95% = 0.05

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∴  level of significance ∝ = 1 - C.L

∝ = 1 - (95/100)

= 0.05

Z∝/2 = 0.05/2 = 0.025

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now we substitute

n =  (1.96 / 0.04)² × 0.5 ( 1 - 0.5)

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Therefore the minimum sample size of the adults in United State who have sleep deprivation  is 601

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3 years ago
Jamie says the value of the expression 1.34
Lubov Fominskaja [6]
Okay what is next then?
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2 years ago
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