Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Step-by-step explanation:
The given is,
Investment = $ 8000
No. of years = 15 years
Interest rate, i = 3.1 %
( compounded monthly )
Step:1
For for calculating future value with compound interest monthly,
.................(1)
Where,
A = Future amount
P = Initial investment
r = Rate of interest
n = Number of compounding in a year
t = Time period
Step:2
From given values,
P = $8000
r = 3.1%
t = 15 years
n = 12 ( for monthly)
Equation (1) becomes,





A = $ 12728.48
Result:
Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Answer:
x=2 or 5/3
Step-by-step explanation:
the explanation is in the picture
please like and Mark as brainliest
Answer:
yes
Step-by-step explanation:
Because all the numbers are the same
Answer:
5
Step-by-step explanation:
Because if you divide them all you see that in 5 you don't get a whole number
Answer:
6(√2 - 5√3).
Step-by-step explanation:
3√2 ( 2 - 5 √6)
= 6√2 - 15√12
= 6√2 - 15√4√3
= 6√2 - 30√3
= 6(√2 - 5√3)