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Anastaziya [24]
3 years ago
15

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

Mathematics
2 answers:
Lady bird [3.3K]3 years ago
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]3 years ago
5 0

Answer- $674.43


Step-by-step explanation:


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answer these BOTH. PLEASE! if u answer both correctly i'll give u brainliest and extra points please please please.
Reil [10]

<u>Answer:</u>

9. x = 12

10. x = 31

<u>Step-by-step explanation:</u>

9. Corresponding angles are equal, so technically you can move that (7x - 20) to be diagonal with the (4x + 16). Along with the corresponding angle, diagonal angles are equal to each other. Therefore you can set (7x - 20) equal to (4x + 16) to find x.

7x - 20 = 4x + 16

Solve

3x - 20 = 16

3x = 36

x = 12

Therefore x is equal to 12

<u>Check:</u>

4(12) + 16

= 64

7(12) - 20

= 64

10. All angles in a triangle have to add up to 180 degrees. Therefore, you can write your equation like this:

x + 2x + 25 + 2x = 180

Combine like terms

5x + 25 = 180

Solve

5x = 155

x = 31

Therefore, x = 31.

<u>Check:</u>

31 + 2(31) + 25 + 2(31) = 180

31 + 62 + 25 + 62 = 180

180 = 180

<em>I hope this helps!!</em>

<em>- Kay :)</em>

<em />

8 0
3 years ago
Read 2 more answers
Henry incorrectly said the rate 1/5/2/15 can be written as the unit rate 1/75 gallon per minute. What is correct unit rate? What
Gwar [14]

Answer:d

Step-by-step explanation:

8 0
3 years ago
for lyla: a. state which formula should be used to solve this problem. b. write the function for lyla. c. determine how much lyl
tresset_1 [31]

The formula is P=Poe^rt and after 20 years the amount will be $14134.41

For Lyla, the formula used to solve the problem is P=Poe^rt

The function is P=3000 e^0.775t

After 20 years lyla amount will be P=3000e^0.775×20=14134.41$

  • The exponential function is a type of mathematical function which are helpful in finding the growth or decay of population, money, price, etc that are growing or decay exponentially.
  • Exponents are used in exponential functions, as the name indicates. But take note that an exponential function does not have a constant as its base and a variable as its exponent (if a function has a variable as the base and a constant as the exponent then it is a power function but not an exponential function).
  • As the name implies, exponential functions employ exponents. The base and exponent of an exponential function, however, are not a constant and a variable, respectively (if a function has a variable as the base and a constant).

To learn more about exponential functions visit

brainly.com/question/11487261

#SPJ4

6 0
2 years ago
What would x^4-10x^2+25 be equivalent to
Mademuasel [1]

Answer:

if i can get brainliest that would be great

IF Factor x4−10x2+25

x4−10x2+25

=(x2−5)(x2−5)

Answer:

(x2−5)(x2−5)

IF simplify

x4−10x2+25

There are no like terms.

Answer:

=x4−10x2+25

7 0
3 years ago
Refer to a standard deck of playing cards. Assume 5 cards are randomly chosen from the deck. How many hands contain 4 aces?
Setler79 [48]

There would be 0.07923 probability to get 4 aces.

<h3>What is probability ?</h3>

Probability shows possibility to happen an event, it defines that an event will occur or not. The probability varies from 0 to 1.

Total number of cards in deck = 52

Total number of aces = 4

When 5 cards are chosen randomly,

The probability to get 4 aces

= 1/52+1/51+1/50+1/49+0

Since, at 5th time there will be no ace remains, so probability would be 0.

= 0.01923+0.01960+0.0200+0.0204

=0.07923

To know more about Probability on:

brainly.com/question/12478394

#SPJ1

7 0
1 year ago
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