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VladimirAG [237]
2 years ago
6

Lizbeth deposited $6200 into a savings account for which interest is compounded monthly at a rate of 2.37%. How much interest wi

ll she earn after 8 years?
Mathematics
2 answers:
aleksley [76]2 years ago
8 0
A=6200(1+0.0237/12)^12*8
A=7,492.95
Amount earned=7492.95-6200=1,292.95
astra-53 [7]2 years ago
7 0

Answer: $1292.95

Step-by-step explanation:

Given: The principal investment deposit = P = $6,200

The annual interest rate= 2.37%

The annual interest rate (decimal)  r=0.0237

The number of times that interest is compounded per year

= 12

The number of years the money is invested for= 8 years

The formula for annual compound amount is:

A=P(1+\frac{r}{n})^{nt}\\\\\Rightarrow\ A=6200(1+\frac{0.0237}{12})^{12\times8}\\\\\Rightarrow\ A=6200(1.001975)^{96}\\\\\Rightarrow\ A=6200( 1.2085399)\\\\\Rightarrow\ A=7492.95

The amount she earned = A-P=\$7492.95-\$6200=\$1292.95

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Answer:

49.12 square inches

Step-by-step explanation:

Area of a circle = Pi x r^2

= 3.14 x 4^2

= 3.14 x 16

= 50.24

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Area of a triangle = base x height /2

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When the sum of an unknown number z and twenty-two is divided by the same unknown number, the quotient is twelve. What is the un
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Hope this helps. Just say if you need more of an explanation.
4 0
3 years ago
What’s the square root of 13 to the nearest integer
Marianna [84]

Answer:

4

Step-by-step explanation:

First off, integers are Whole Numbers (1,2,3,4, etc), so we are rounding the answer to the nearest whole number.

The square root of lets just say 25 means you are finding a number that multiplied by itself will equal 25 (the answer is 5).

Now for 13, there is no perfect square, however the closest whole number that multiplied by itself to 13 is 4.

4*4= 16

3*3=9

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As you can see above 4 is the closest number to 13.

Now, the ACTUAL value of the square root of 13 is 3.60555128, but we are rounding up to the nearest whole number which is 4 :)

4 0
3 years ago
If your income is $18.00 and the prices of x and y are $4.00 and $2.00, respectively, what quantities of each will you purchase
boyakko [2]

Answer:

2 units of X and 5 units of Y

Step-by-step explanation:

(a) Utility is maximized when (MUx / Price of X) = (MUy / Price of Y)  

This condition holds for the following cases

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For the first case Total cost = 4 x $4 + 6 x $2 = $(16 + 12) = $28 (Budget is exceeded).

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Optimal case contains  X = 2 units, Y = 5 units.

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3 years ago
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