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4 years ago

How much would $500 invested at 6% interest compounded monthly be worth after 5 years? round your answer to the nearest cent.

2 answers:

8 0

Use this formula: A = P(1 + r/n)^nt, where A is the amount after interest (what you are solving for), P is the amount you invested originally, r is the rate at which it was invested in decimal form, n is the number of times the compounding occurs each year, t is the time in years it is invested. It would look like this: A = 500(1 + [.06/12])^12*5. Do inside the parenthesis first to get 1 + .005 = 1.005. Now raise that to the 60th power (12 times 5 is 60) to get 1.34558. Now multiply that by the 500 out front to get a total amount of $674.43

GenaCL600 [577]4 years ago

5 0

Answer- $674.43

Step-by-step explanation:

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PLEASE HELP!!! What is the equation of the line graphed?

Sholpan [36]

Answer:

The equation of this line is y = 3x - 2

Step-by-step explanation:

In order to find this, start by finding two points on the line. We'll use (0,-2) and (1, 1). From there we start by finding the slope.

m(slope) = (y2 - y1)/(x2 - x1)

m = (1 - -2)/(1 - 0)

m = (1 + 2)/(1)

m = 3/1

m = 3

Now using that, we can plug it, along with a point into point-slope form to get the answer.

y - y1 = m(x - x1)

y - 1 = 3(x - 1)

y - 1 = 3x - 3

y = 3x - 2

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3 years ago

If 2/5 of a number is added to 1/3 of the same number ,the sum is 22. What is the number?

zubka84 [21]

2/5 x + 1/3 x = 22

First of all, I've been answering so many of these things lately that I'm
getting really tired of 'x'. Let's call the unknown number ' Q ' instead.

2/5 Q + 1/3 Q = 22

Multiply each side by 5 :

2Q + 5/3 Q = 110

Multiply each side by 3 :

6Q + 5Q = 330

Add the like terms on the left side:

11Q = 330

Divide each side by 11 :

Q = 30 .

7 0

3 years ago

Read 2 more answers

in 2013, the revenue of a online discribtion company was opproximately 75 billio n . how is 75 billion resresented in scientific

Crank

$\text{The scientific notation}\\a\cdot10^k\\1\leq a < 10,\ k\in\mathbb{Z}\\\\1\ bilion=1,000,000,000=10^9\\\\75\ bilions=75,000,000,000=7\underbrace{5000000000}_{\leftarrow10}=7.5000000000\cdot10^{10}\\\\=7.5\cdot10^{10}$

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4 years ago

– (9 – 5c) + 18 – c = 37 please show your work.

love history [14]

-9 + 5c + 18 - c = 37

4c + 9 = 37
4c = 37 - 9

4c = 28

4c/4 = 28/4

c = 7

hope this helps

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3 years ago

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FromTheMoon [43]

I believe C, because you are dividing 4 into the Length and the Width.
Forgive me if I am incorrect :))

7 0

3 years ago