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GrogVix [38]
4 years ago
13

Miguel deposits 4320 dollars in an account, and 4 years later the account balance is 8140 dollars. If interest is compounded mon

thly, what is the rate of interest per month?
Mathematics
1 answer:
Misha Larkins [42]4 years ago
5 0

Answer:

  about 1.33% per month

Step-by-step explanation:

The future value is given by ...

  FV = P(1 +r)^n

where P is the principal, r is the monthly interest rate, and n is the number of months. Solving for r, we get ...

  FV/P = (1 +r)^n . . . . . . . divide by P

  (FV/P)^(1/n) = 1 +r . . . . . take the n-th root

  r = (FV/P)^(1/n) -1 . . . . . subtract 1

Filling in the given numbers, we have ...

  r = (8140/4320)^(1/48) -1 ≈ 0.013286 ≈ 1.33%

The rate of interest per month is about 1.33%.

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If the ratio football players two basketball players at your school is 7:5 then how many basketball players are there if they ar
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Answer:

I think that there are 15 basketball players.

Step-by-step explanation:

If there is a ratio of football to basketball players of 7:5, and there are 21 football players. i just divide 21 by 7 and get 3. so if we multiply the 5 in the ratio by 3 we get 15. so I think the answer is 15. if not then ignore my answer. if so the brainliest please?

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3 years ago
How do you solve this ?
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3 years ago
T, equals $18 times the number of hours worked, h.
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8 0
3 years ago
Mark recorded the growth of a plant over 8 weeks. The equation y=0.2x+2 represents the height y, in inches, after x weeks.
bezimeni [28]

The statements could be true are:

The height of the plant after week 3 was about 2.6 inches. ⇒ A

The height of the plant after week 9 was about 3.8 inches. ⇒ C

Step-by-step explanation:

Mark recorded the growth of a plant over 8 weeks

The equation y = 0.2x + 2, represents the height y, in inches, after x weeks

From the equation

  • 0.2 represents the rate of increasing of the height of the plant per week
  • 2 represents the initial height of the plant

∵ y represents the height of the plant after x week

∴ x is the number of the weeks

∵ y = 0.2x + 2

∵ x = 3

- Substitute x in the equation by 3

∴ y = 0.2(3) + 2

∴ y = 0.6 + 2

∴ y = 2.6

∴ The height of the plant after 3 weeks is 2.6 inches

∵ x = 9

- substitute x by 9 in the equation

∴ y = 0.2(9) + 2

∴ y = 1.8 + 2

∴ y = 3.8

∴ The height of the plant after 9 weeks is 3.8 inches

The statements could be true are:

The height of the plant after week 3 was about 2.6 inches.

The height of the plant after week 9 was about 3.8 inches.

Learn more:

You can learn more about the linear equations in brainly.com/question/1284310

#LearnwithBrainly

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4 years ago
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