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8_murik_8 [283]
2 years ago
6

You invest $2,000 in an account that has an annual interest rate of 3.2%, compounded annually. How much money will be in the acc

ount after 12 years? Round your answer to the nearest whole number.
Mathematics
1 answer:
MissTica2 years ago
3 0
P = 2000 is the amount invested
r = 0.032 is the decimal form of 3.2%, which is the interest rate
n = 1 indicates we compound 1 time a year (compound annually)
t = 12 is the number of years

Those four values are plugged into the formula below
A = P*(1+r/n)^(n*t)
A = 2000*(1+0.032/1)^(1*12)
A = 2918.6792
A = 2919

Rounded to the nearest whole dollar, you'll have about $2919 in the account
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Let's first convert that amount of money into cents, which makes 336 cents. Then, let's denote the amount of money one of the boys has with x. The other boy has got 3x-12 amount of money. We can construct an equation. 3x-12+x=336. Solving it we find that x=87 cents or $ 0.87 and the other boy holds $2.49 amount of money.
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Whats the mean for this data? round to 2 decimals places
kolbaska11 [484]

Answer:

1992.38

Step-by-step explanation:

The mean, or average, of a set of data points is found by adding all the values together and dividing by the number of values.

Sum:

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Divide:

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Explanation:

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2 years ago
6= 1 - 2n + 5<br> How can I solve this equation
bulgar [2K]

Answer:

Step-by-step explanation:

Simplifying

6 = 1 + -2n + 5

Reorder the terms:

6 = 1 + 5 + -2n

Combine like terms: 1 + 5 = 6

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Add '-6' to each side of the equation.

6 + -6 = 6 + -6 + -2n

Combine like terms: 6 + -6 = 0

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Combine like terms: 6 + -6 = 0

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Solving

0 = -2n

Solving for variable 'n'.

Move all terms containing n to the left, all other terms to the right.

Add '2n' to each side of the equation.

0 + 2n = -2n + 2n

Remove the zero:

2n = -2n + 2n

Combine like terms: -2n + 2n = 0

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Divide each side by '2'.

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Simplifying

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2 years ago
Can 7in and 1lb be in the same unit
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Yes

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