1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AysviL [449]
3 years ago
11

The total amount of money in a savings account after t years is given by the function A=1000(1.031)^t . How could this function

be rewritten to identify the monthly interest rate? What is the approximate monthly interest rate?
Mathematics
2 answers:
harina [27]3 years ago
5 0

Answer:

A = 1000 ( 1 + .031/12) ^(12t)

The approximate monthly interest rate is .2583 percent

Step-by-step explanation:

A=1000(1.031)^t

The formula for compound interest is given by

A = P(1 + r/n) ^ (nt)    

Take 1.031 and subtract 1

.031 is the yearly rate in decimal form

A = 1000 ( 1 + .031/12) ^(12t)

Change to a percent = 3.1 %

Divide by 12

3.1/12 = .2583333333(repeating)  %

This would be the monthly rate

Sladkaya [172]3 years ago
4 0

Hi There!

Step-by-step explanation:

Compound Interest: a = p(r/n + 1)^nt

Function: A=1000(1.031)^t

1.031 - 1 = 0.031 = 3.1%

a = 1000(0.031/12 + 1)^12t

a = 0.0025833333333333333333333333333333333333...

Answer:

0.002583...

Hope This Helps :)

You might be interested in
Simplify the expression.<br><br><br> 5.3x - 9 + 7.6x
babunello [35]

Answer:

12.9x-9

Step-by-step explanation:

First you have to combine the like terms which are 5.3x + 7.6x= 12.9x. Then you just rewrite the equation 12.9x-9. You just leave the 9 by it self beacuse thers no other like terms.

7 0
2 years ago
Read 2 more answers
What is the height of the area is 21 the first base is two in the second base is five
Ivanshal [37]
To find<span> the </span>area<span> of a rectangle multiply its height by its width. For a square you only need to </span>find<span> the length of one of the sides (as each side is the same length) and then multiply this by itself to </span>find<span> the </span>area<span>.</span>
4 0
3 years ago
Can someone help me with this and show the work :) i’ll mark first person brainlyest
weqwewe [10]

Answer:

its probably is B. I am not sure. I wouldnt trust me though but you can if you want. ._.

5 0
3 years ago
Question 1 Part B (3 points): Using the GCF that you chose in part A, factor that GCF out of the polynomial:
Aleks [24]

The factor of the polynomial 18x³ + 6x²y - 9x² - 3xy will be 3x(6x² - 2xy - 3x - y). Then the correct option is C.

<h3>What is a factorization?</h3>

It is a method for dividing a polynomial into pieces that will be multiplied together. At this moment, the polynomial's value will be zero.

The polynomial is given below.

⇒ 18x³ + 6x²y - 9x² - 3xy

Then the factor of the polynomial will be

⇒ 18x³ + 6x²y - 9x² - 3xy

⇒ 3x(6x² - 2xy - 3x - y)

More about the factorization link is given below.

brainly.com/question/6810544

#SPJ1

5 0
2 years ago
What is the domain and range of each curve?
Olin [163]

Answer:

Because the domain refers to the set of possible input values, the domain of a graph consists of all the input values shown on the x-axis. The range is the set of possible output values, which are shown on the y-axis.

Step-by-step explanation:

3 0
3 years ago
Other questions:
  • Part A: Sean buys 5 packages of fish. There are 7/8 pound fish in each package. What is the total weight, in pounds, of fish tha
    13·1 answer
  • 1. Determine if each pair of rates are equivalent (Equal) Explain your reasoning: 12 posters for 36 students and 21 posters for
    14·1 answer
  • The measures of the angles in a triangle are x, 2x, and 3x. The triangle is
    10·2 answers
  • Please help! Check all the apply
    6·1 answer
  • How many solutions does the equation
    11·1 answer
  • 5. Marcos obtains a mortgage for $350,000 with the following terms:
    12·2 answers
  • A line is represented by the equation 2x + 3y = 15. What is another way to represent the same line, for solving Y ? Help is need
    8·1 answer
  • Alice has total of 12 dimes and nickels she has 2 more nickels than dimes .which equation represents the given problem situation
    14·2 answers
  • A bag contains 12 blue marbles 5 red marbles and 3
    14·1 answer
  • The table shows a relationship between the number of
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!