Answer:
3.590.04
Step-by-step explanation:
The formula given for total amount saved when compounding interest =
A = P(1 + r/n)^nt
Where
A = Total amount saved after t years
P = Principal or initial amount saved
r = Interest rate
n = compounding frequency
t = time in years
From the above question
P = 3000
r =6% = 0.06
n =compounded monthly = 12
t = 3 years
Hence,
A = 3000(1 + 0.06/12)^3 × 12
A = 3000(1 + 0.06/12)^36
A = 3,590.04
Therefore, the total amount Imran will have in his account after 3 years = 3,590.04
I think the answer would be 12
Answer:
4w+56
Step-by-step explanation:
4(w) = 4w
4(14)= 56
4w+56
Answer:
see explanation
Step-by-step explanation:
There is a common difference d between consecutive terms, that is
d = 8 - 5 = 11 - 8 = 14 - 11 = 17 - 14 = 20 - 17 = 23 - 20 = 3
This indicates the sequence is arithmetic
The common difference d = 3
The first term a₁ = 5 and
a₈ = 23 + 3 = 26
