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3 years ago

how much would $100 invested at 6% interest compounded mothly be worth after 20 years? round answer to the nearest cent

Mathematics

2 answers:

murzikaleks [220]3 years ago

7 0

Answer:

He's right. It's 331.02

Step-by-step explanation:

Soloha48 [4]3 years ago

6 0

Alright, so in order to solve this problem, you need to know the formula for compound interest, which is
A= P(1+r/n)^nt
A is the final amount, P is the beginning amount, r is the rate it is being compounded at, n is the number of compounds per year, and t is obviously the time or number of years

Since it is compounded monthly, n will equal 12, as there are 12 months in a year.

Plug in what you have and you get A= 100 (1 + .06/12)^(12)(20)
A=331.02

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3 years ago

The ratio of pizza to nachos sold during A-lunch is 4 to 3. There were 48 nachos sold. What is the number of pizzas sold during

polet [3.4K]

Answer:

The number of pizzas sold during A- lunch is 64

Step-by-step explanation:

Let us solve the question using the ratio method

∵ The ratio of pizza to nachos sold during A-lunch is 4 to 3

∵ There were 48 nachos sold

→ By using the ratio method

→ Pizza : Nachos

→ 4 : 3

→ x : 48

→ use the cross multiplication

∵ x × 3 = 4 × 48

∴ 3x = 192

→ Divide both sides by 3

∵ $\frac{3x}{3}$ = $\frac{192}{3}$

∴ x = 64

∴ The number of pizzas sold during A- lunch is 64

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3 years ago

What is the point slope form of a line with slope 2 that contains the point (1,3)

Marat540 [252]

Answer:

Option A y-3=2(x-1)

Step-by-step explanation:

we know that

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4 0

3 years ago

2- 10+ x = 6 -8 + 12<br> Please answer ASAP :)

Arisa [49]

Answer: X=18

Step by Step:

2−10+x=6−8+12

Step 1: Simplify both sides of the equation.

2−10+x=6−8+12

2+−10+x=6+−8+12

(x)+(2+−10)=(6+−8+12)(Combine Like Terms)

x+−8=10

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3 years ago

Read 2 more answers

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Alexxandr [17]

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W(2,-3) and X(-4,9)

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step 2

Find out the slope YZ

Y(5,y) and Z(-1,1)

m=(1-y)/(-1-5)

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m=(y-1)/6

step 3

Remember that

If two lines are perpendicular

then

their slopes are negative reciprocal

that means

(y-1)/6=1/2 -----> because the negative reciprocal of -2 is 1/2

solve for y

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8 0

1 year ago