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3 years ago

George deposits $3,500 at 3.25% interest compounded monthly. What will his ending balance be after 5 years?

Mathematics

1 answer:

kkurt [141]3 years ago

4 0

Answer:

FV= $4,117.1

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $3,500

Number of periods= 5*12= 60 months

Interest rate (i)= 0.0325/12= 0.00271

To calculate the Future Value, we need to use the following formula:

FV=PV*(1+i)^n

FV= 3,500*1.00271^60

FV= $4,117.1

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How many significant figures are in this number? 2.583 x 10^12

Ad libitum [116K]

Answer:

2583000000000

Step-by-step explanation:

$2.583*10^{12} = 2583000000000$

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2 years ago

Tina and penny share 36 sweets in the ratio 1:2. How many sweets does penny get?

torisob [31]

Answer:

24 sweets

Step-by-step explanation:

Total amount of sweets is 36

Goal to divide into 3 (1+2) and give out the sections.

36/3 = 12

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Penny sweets = 12(2) = 24

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3 years ago

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What is equal to 4 1/2 dividend by 2 2/3

4vir4ik [10]

Answer:

Step-by-step explanation:

9/2 / 8/3

9/2 x 3/8

27/16 = 1 13/16

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3 years ago

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Kelly has a rock garden with a length of 6 feet. She constructs a scale model of the rock garden using the scale 1 inch:2 feet.

melamori03 [73]

Answer:

Part a) 3 inches

Part b) Yes, her scale model drawing will fit on the piece of paper 8.5 by 7 inches

Step-by-step explanation:

we know that

The scale drawing is

$1\ inch:2\ feet$

That means

1 inch in the model represent 2 feet in the actual

Part a) What is the length of the garden in her model?

we know that

The length of the garden is 6 feet in the actual

Find out the length of the garden in her model, using proportion

$\frac{1}{2}\ \frac{in}{ft}=\frac{x}{6}\ \frac{in}{ft}\\\\x=6/2\\\\x=3\ in$

Part b) If the width is 5 inches for the scale model and the scale is still 1 inch to 2 feet, will her scale model drawing fit on a piece of paper that is 8.5 inches by 7 inches? Why or why not?

we know that

The model width is described as 5 inches. Both the 3-inch length and the 5-inch width are less than the 8.5 inch and 7 inch dimensions of the paper Kelly is using.

therefore

She can easily draw her model on that size paper.

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4 years ago

What is the value of x in the equation −x = 6 − 3x + 8? −14 −7 14 7

krek1111 [17]

Answer:

x = 7

Step-by-step explanation:

Add 3x to both sides of the equation.

2x = 6+8

Divide both sides by 2.

x = 7

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4 years ago