Answer:
$7,544.58
Step-by-step explanation:
We will use the compound interest formula provided to solve this:

<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, change 3.3% into its decimal form:
3.3% ->
-> 0.033
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:


The balance after 1 year will be $7,544.58
Answer:

Step-by-step explanation:


So
I=P⋅i⋅t=Ii⋅t=50000.04⋅6=20833.33
Answer:
3
Step-by-step explanation:
Again, anything to the 0th power is equal to 1.
The 0th power is attached to the b, so this means that b = 1. Multiply 9 and (1) together to get 9.
Now you can subtract 9 from 12 to get 3 as your final answer.