The amount you should deposit is $4709.18
Step-by-step explanation:
The formula for compound interest, including principal sum is
, where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount
- r is the annual interest rate in decimal
- n is the number of times that interest is compounded per unit t
- t is the time the money is invested or borrowed for
∵ You want to have $5000 in your savings account in 2 years
∴ A = 5000
∴ t = 2
∵ The account pays 3% annual interest, compounded monthly
∴ r = 3% = 3 ÷ 100 = 0.03
∴ n = 12 ⇒ compounded monthly
- Substitute these values in the formula above
∴ 
∴ 
∴ 
- Divide both sides by 
∴ P = 4709.18
The amount you should deposit is $4709.18
Learn more:
You can learn more about the compounded interest in brainly.com/question/2514241
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Answer:
x = 2/3 or x = -2/3
Step-by-step explanation:
Solve for x over the real numbers:
9 x^2 = 4
Hint: | Divide both sides by a constant to simplify the equation.
Divide both sides by 9:
x^2 = 4/9
Hint: | Eliminate the exponent on the left-hand side.
Take the square root of both sides:
Answer:x = 2/3 or x = -2/3
Answer: 99
Step-by-step explanation:
factor of 99: 1, 3, 9, 11, 33, 99
This is 6 factors, and they are all odd number
Hope this helps!! :)
Please let me know if you have any question
Answer:
yes
Step-by-step explanation:
its correct because divide by 2/ 28/16=14/8
maybe