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Mice21 [21]
3 years ago
8

A man invests $2000 in an account that pays 8.5% interest per year, compounded quarterly. (a) find the amount after 2 years? (ro

und your answer to the nearest cent.)
Mathematics
1 answer:
Inessa [10]3 years ago
4 0

A man invests $2000 into an account that accrues 8.5% interest compounded quarterly. He made the deposit of 2 years , i.e. for 8 quarters ( or 8 compounding periods)

Amount after n years is calculated by following equation :

Amount = Principal * ( 1 + Interest rate per compounding period ) ^ no. of compounding periods

The amount in his account after 2 years = 2000 * ( 1 + 0.085/4) ^ 8

= 2000 * (1.02125 ) ^ 8

= 2000 * 1.18319

= $2366.39

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Vlad1618 [11]

The value of the given expression -1 5/6 x 6 1/2 is equal to  -11 11/12.

As given in the question,

Given expression is equal to :

-1 5/6 x 6 1/2

Simplify the given expression -1 5/6 x 6 1/2 to get the value of the expression:

-1 5/6 x 6 1/2

Convert mixed fraction to proper fraction we have :

-1 5/6 = -11 /6

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Convert the proper fraction into mixed fraction we get,

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Therefore, the value of the given expression -1 5/6 x 6 1/2 is equal to  -11 11/12.

The complete question is:

Find the value of the given expression:

-1 5/6 x 6 1/2

please explain now!

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8 0
1 year ago
Which is bigger 12.5% or 3/20
Oksanka [162]

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3/20

Step-by-step explanation:

4 0
3 years ago
Please help <br><br> Solve for y
melomori [17]

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Answer: y = 25

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I hope this helped!

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