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Step2247 [10]
3 years ago
11

b. What would be the new account balance in five years at a 5.12% if the interest was compounded monthly?

Mathematics
1 answer:
Korolek [52]3 years ago
3 0

Answer: The account will earn in one year the amount of $10,512,000

Step-by-step explanation:

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The tax rate as a percent, r, charged on an item can be determined using the formula – 1 = r, where c is the final cost of the i
melisa1 [442]

The <em><u>correct answer</u></em> is:

$43.20

Explanation:

The formula we have is

c = p(1+r), where c is the total cost, p is the price of the item before tax, and r is the tax rate written as a decimal.  This formula comes from the fact that adding a percent tax to the cost of an item takes 100% of the price and adds r% to it; this is why we multiply the price by (1+r).

Since our tax rate is 8%, r = 8% = 8/100 = 0.08.  The price of the item is $40.  Using this information, we have:

c = 40(1.08) = $43.20

3 0
3 years ago
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What is the area of the octagon? rectangular shaped
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Answer:

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Step-by-step explanation:

hope this helps!

5 0
3 years ago
The centroid cuts each median into two segments. The shorter segment is _ _ _ _ the length of the entire segment.
adoni [48]

Answer:

Step-by-step explanation:

One third

3 0
3 years ago
In order to conduct an experiment five subjects are randomly selected from a group of 48 subjects how many different groups of f
exis [7]

Answer:

1,712,304 ways

Step-by-step explanation:

This problem bothers on combination

Since we are to select 5 subjects from a pool of 48 subjects, the number of ways this can be done is expressed as;

48C5 = 48!/(48-5)!5!

48C5 = 48!/43!5!

48C5 = 48×47×46×45×44×43!/43!5!

48C5 = 48×47×46×45×44/5!

48C5 = 205,476,480/120

48C5 = 1,712,304

Hence this can be done in 1,712,304ways

3 0
3 years ago
Idk how to solve this exponent problem ?
Wewaii [24]

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8 0
4 years ago
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