Answer:$6451.6 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.2%. So
r = 7.2/100 = 0.072
It was compounded for 3 years. So
t = 3
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. A is given as $8000 Therefore,
8000 = P (1+0.072/12)^12×3
8000 = P(1+0.006)^36
8000 = P(1.006)^36
P = 8000/1.24
P = $6451.6
Answer:
A) spinning a number less than 3
B) spinning a 4 or 5
D) Spinning a number greater than 8
Step-by-step explanation:
You want to choose the ones where there are two outcomes.
A) spinning a number less than 3
B) spinning a 4 or 5
D) Spinning a number greater than 8
Y+y-3 is the expression need to find the triangle's area
A. you plug in to a calculator, which will give 1840.986 so you need to round up to 1840.99. if you truncate it to .98 then he won't reach 2000 in 3 years
b. for this one if you look at the equation given to find the principle it is principle = result (1+rate) ^ -time
if you re arrange this you get result=principle (1+rate)^time
so result = 1840.99(1.028)^5
= 2113.57
