What is the measurement of

Mathematics

1 answer:

prisoha [69]2 years ago

7 0

Answer:

tell the full question.

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Nadusha1986 [10]

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10.5??

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anzhelika [568]

( sorry for commenting, I need points to ask questions I dearly apologize!)

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a grandmother deposits $6000 in an account that pays 9% compounded monthly. What will be the value of the account at the child'

valkas [14]

now, we're assuming she made the deposit at the child's birth, namely when year was 0, at the child's twenty-first birthday that'll be 21 years later.

$~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$6000\\ r=rate\to 9\%\to \frac{9}{100}\dotfill &0.09\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{monthly, thus twelve} \end{array}\dotfill &12\\ t=years\dotfill &21 \end{cases} \\\\\\ A=6000\left(1+\frac{0.09}{12}\right)^{12\cdot 21}\implies A=6000(1.0075)^{252}\implies A\approx 39437.11$

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1 year ago

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Scilla [17]

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Step-by-step explanation:

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erik [133]

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Step-by-step explanation:

What you are trying to do is isolate the variable x. For you to do that you have to first simplify the left side of the equation and then you solve for x.

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