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yulyashka [42]
3 years ago
8

suppose you have $11000 to invest. which of the two rates would yield the larger amount in 5 years: 6% compounded monthly or 5.8

6% compounded continuously?
Mathematics
1 answer:
umka21 [38]3 years ago
6 0

Answer:

  6% monthly

Step-by-step explanation:

The monthly rate being compounded when the interest is 6% per year is ...

  6%/12 = 0.5%

so the multiplier each month is

  1 + 0.5% = 1.005

___

The monthly multiplier when 5.86% is compounded continuously is ...

  e^(5.86%/12) ≈ 1.004895

The 6% rate will give a larger yield after any length of time.

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Find the solution of the system of equations. – 5 - 6y = -32 4x - 6y = 4​
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Equation (1)

-5 - 6y = -32

Equation (2)

4x - 6y = 4

Get y alone in equation (1)

-5 - 6y = - 32\\-6y = -32 + 5\\-6y = -27\\y = \frac{-27}{-6} = \frac{9}{2}

Insert y in equation (2)

4x - 6 \cdot \frac{9}{2} = 4\\4x - 27 = 4\\4x = 4 + 27\\4x = 31\\x = \frac{31}{4}

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Dan plans to carpet hiss 288-square-foot living room. How much will it cost if carpeting costs $28 per square yard. (9ft = 1 yd)
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In AJKL, JL is extended through point L to point M, m m
arlik [135]

Answer:

x = 15

Step-by-step explanation:

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5x - 7 = x + 20 + 2x + 3

5x - 7 = 3x + 23 ( subtract 3x from both sides )

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Answer:

Some answers to the reducing fraction sheet

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