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leonid [27]
3 years ago
7

Mixed numbers from 6 to 7 with an interval of 1/5 between each pair of mixed numbers

Mathematics
1 answer:
Hitman42 [59]3 years ago
6 0
<span>Mixed numbers from 6 to 7 with an interval of 1/5 between each pair of mixed numbers are {6 1/5, 6 2/5, 6 3/5, 6 4/5}</span>
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Answer:

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Step-by-step explanation:

We will use the compound interest formula provided to solve this:

A=P(1+\frac{r}{n} )^{nt}

<em>P = initial balance</em>

<em>r = interest rate (decimal)</em>

<em>n = number of times compounded annually</em>

<em>t = time</em>

<em />

First, change 3.3% into its decimal form:

3.3% -> \frac{3.3}{100} -> 0.033

Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:

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The balance after 1 year will be $7,544.58

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