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12345 [234]
3 years ago
12

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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Which three numbers have a least common multiple of 60?
professor190 [17]

Answer:

A is the answers for the question

Step-by-step explanation:

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6 0
3 years ago
Why is 3 + (−5) equal to −2?
tamaranim1 [39]

Answer: since the 5 is a negative you are subtracting it from 3

so 3 +(-5) is actually 3-5. which = -2

Step-by-step explanation:

Hope this helps

5 0
3 years ago
find the mean, range ,and median of these values 12,4,-2,0,9.-2,1,7,8,2 recall the range is calculated by finding the difference
Lubov Fominskaja [6]
Put numbers in order
-2,-2,0,1,2,4,7,8,9,12
Mean add all the numbers = 39 divide 39 by the number of of numbers on the list which is 10. 39/10 = 3.9
Mean = 3.9
Range is the number of spots between -2 and 12 = 14
Range =14
Median is the middle number in the list there are two middle numbers 2 and 4. Add these together to get 6. Divide 6 by the number 2 because that is how many numbers you had to add. 6/2=3. The is not on the list but it is the average of the two terms.
Median =3
8 0
3 years ago
F(x)=4x^2+3x+13<br><br> Find f(1)
Pani-rosa [81]

Answer:

f(1) = 42

Step-by-step explanation:

Step 1: Switch all x out to 1 for f(1) which would look like this: f(1)=4(1)^2+3(1)+13

Step 2: You would then simplify it starting with 4(1)^2 which would equal 4 squared which equals 16.

Step 3: After simplifying you would have f(1)=16+3+13

Step 4: You then just add and get 42

Hope this helped :D

7 0
3 years ago
The Downtown Community Barbecue served 280 dinners. A child’s plate cost $2.60 and an adult’s plate cost $9.50. A total of $1,79
Romashka-Z-Leto [24]

Answer:

the number of child plates and adults plates were served is 125 and 155 respectively

Step-by-step explanation:

Let us assume the child plate be x

And, the adult plates be y

Now according to the question

x + y = 280 .................(1)

2.60x + 9.50y = 1797.50 .............(2)

Now multiply by 2.60x in equation (1)

2.60x + 2.60y = 728

2.60x + 9.50y = 1797.50

-6.90y = -1069.50

y = 155

So, x = 280 - 155

= 125

hence, the number of child plates and adults plates were served is 125 and 155 respectively

8 0
2 years ago
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