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3 years ago

13

How do these numbers compare? 8.235 8.1

1 answer:

grigory [225]3 years ago

8 0

Answer:

As we look at the 2 numbers, we see a 2 and a 1 in the tenths places, 2 is greater than 1.

Therefore, 8.235 > 8.1

Best of Luck to you.

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Daniel invests $2,037 in a retirement account with a fixed annual interest rate of 6% compounded 6 times per year. What will the

notka56 [123]

Answer:

$\$5294.72$

Step-by-step explanation:

GIVEN: Daniel invests $\$2,037$ in a retirement account with a fixed annual interest rate of $6\%$ compounded $6$ times per year.

TO FIND: What will the account balance be after $16$ years

SOLUTION:

Amount invested by Daniel $=\$2037$

Annual interest rate $=6\%$

Total amount generated by compound interest is $=P(1+\frac{r}{n})^n^t$

Here Principle amount $P=\$2037$

rate of interest $r=6\%$

number of times compounding done in a year $n=6$

total duration of time $nt=16\text{ years}$

putting values we get

= $2037(1+\frac{6}{6\times100})^1^6$

$=2037(\frac{101}{100})^1^6$

$=\$5294.72$

Hence the total balance after $16\text{ years}$ will be $\$5294.72$

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your answer is 8,384,598

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