1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
12345 [234]
2 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]2 years ago
7 0

Answer:

He's right. It's 331.02

Step-by-step explanation:

Soloha48 [4]2 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
You might be interested in
Find the axis of symmetry of the graph of the function. (5 points) f(x) = 3x2 + 12x + 9
Kryger [21]

Considering the definition of axis of symmetry, the axis of symmetry of the graph of the function f(x) = 3x²+ 12x+ 9 is x=-2.

<h3>Axis of symmetry</h3>

An axis of symmetry is an imaginary reference line that, when dividing any shape into two parts, its opposite points are equidistant from each other, that is, they are symmetrical.

In other words, the axis of symmetry is a vertical line that divides the parabola into two congruent halves.

The axis of symmetry is the line perpendicular to the "x" axis that contains the vertex of the function, that is, it always passes through the vertex of the parabola. So the x-coordinate of the vertex is the equation of the axis of symmetry.

That is, in a quadratic function that has the form:

f(x)= ax² + bx + c

the axis of symmetry is a vertical line and it is defined as x=\frac{-b}{2a}.

<h3>Axis of symmetry of f(x) = 3x² + 12x + 9</h3>

In this case, you know:

  • a= 3
  • b=12
  • c=9

Replacing in the definition of axis of symmetry:

x=\frac{-12}{2x3}

Solving:

x=\frac{-12}{6}

<u><em>x= -2</em></u>

Finally, the axis of symmetry of the graph of the function f(x) = 3x²+ 12x+ 9 is x=-2.

Learn more about axis of symmetry:

brainly.com/question/24737967

brainly.com/question/10473291

#SPJ1

3 0
2 years ago
Thank you so much for your help
lana [24]

Answer:

1.1x

Step-by-step explanation:

that is the procedure above

4 0
2 years ago
A hummingbird eggs’ mass is approximately 0.374 milligram. What is the mass of 4 Hummingbird eggs?
antoniya [11.8K]

it would be 1.496 milligrams. i hope this helps and i used a calculator

5 0
3 years ago
Read 2 more answers
How do you divide two fractions?
Ira Lisetskai [31]

Answer:

You flip one and multiply them

3 0
3 years ago
Read 2 more answers
PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU B
LekaFEV [45]

Answer:

i cant see the question

Step-by-step explanation:

7 0
2 years ago
Other questions:
  • Tyler mixes 55 kilograms of gravel with 11 kilograms of cement . How many kilograms of gravel does Tyler need for each kilogram
    14·1 answer
  • Somebody help me please
    11·1 answer
  • Which statement describes a unit cube?
    9·1 answer
  • PLEASE HELP ASAP!!! A toy store has 10 stores all about the same size in a city the graph shows sales for one of the stores last
    11·2 answers
  • The lakeside tour bus traveled 490 miles on saturday and 225 miles on sunday. About how many more miles did it travel on saturda
    13·2 answers
  • Find the surface area of the figure.
    8·1 answer
  • In how many ways can a student arrange 6 textbooks on a locker shelf that can hold 4 books at a time
    9·1 answer
  • 3(12x2+x+1)+12(12x2+x+1)=15(12x2+x+1)
    11·2 answers
  • A 1/2 gallon of milk costs 2.50.How much is milk per gallon?Figure that out any way you can.explain
    10·1 answer
  • PLEASE HELP!!! THIS IS DUE TONIGHT ILL MARK YOU THE BRAINLIEST
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!