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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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Simplify 5/96 - 7/54
Jobisdone [24]

Answer:

The answer is

<h2>- \frac{67}{864}</h2>

Step-by-step explanation:

<h3>\frac{5}{96}  -  \frac{7}{54}</h3>

To solve first find the LCM of the denominators

That's

The LCM of 96 and 54 is 864

So we have

<h3>\frac{5}{96}  -  \frac{7}{54}  =  \frac{5(9)  - 7(16)}{864}</h3><h3>=  \frac{45 - 112}{864}</h3><h3 />

We have the final answer as

<h3>=  -  \frac{67}{112}</h3>

Hope this helps you

5 0
3 years ago
Select ALL of the trips that would take 4 hours.
kozerog [31]

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3 years ago
Rename the number 780000 = 78
AfilCa [17]
<span>We need to rename the given number which is 780 000 into 78 ________.
=> But before we rename it, we need to find the value of 78
=> Since this is a 6 digit whole number, we have ones, tens, hundreds, thousands, ten thousands, hundred thousands.
=> 7 = hundred thousands
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</span>



3 0
4 years ago
Please help thank you
valina [46]
C because I did the mean value theorem and got that as the solution.
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What is the sequence 9,18,36,72 in Recursive and Explicit formula?
Schach [20]

Step-by-step explanation:

Each term is double the previous term.  The recursive formula is:

aₙ₊₁ = 2 aₙ

The first term is 9, so the explicit formula is:

aₙ = 9 (2)ⁿ⁻¹

8 0
4 years ago
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