Answer: $4,365.10
Step-by-step explanation:
Ok, we know that:
The account starts with $2350
There is a simple interest of 3.75% (or 0.035).
Then after one year, the amount in the account will increase by 3.75%, this means that the amount will be:
$2350 + 0.035*$2350 = (1.035)*$2350.
After another year, we have the same increase (but applied to the new amount in the account):
(1.035)*$2350 + 0.035*(1.035)*$2350. = (1.035)^2*$2350
And so on.
You already can see the pattern here, the amount of money in the saving account after N years will be:
M(N) = $2350*(1.035)^N.
Now we can answer:
what is the balance of the account if it earns a simple interest of 3.75% for 18 years?
Just replace N by 18 in that equation:
M(18) = $2350*(1.035)^18 = $4,365.10
The first composite shape<span> is a combination of a rectangular prism and a pyramid. To </span>find the volume <span>of the entire </span>shape<span> you </span>find the volume<span> of each individual </span>shape<span> and add them together. The second </span>figure<span> consists of a cylinder and a hemisphere.</span>
Answer:
A
Step-by-step explanation:
Looking at the function, we have;
V(t) = 1,000(1.06)^t
Mathematically, the amount earned on an investment that offers a particular constant percentage return to a particular number of years can be written as;
V = I(1 + r)^t
where V is the value of the investment after some certain number of years
I is the initial amount invested
r is the constant percentage increase
and t is the number of years.
Let’s now re-write what we can deduce in the question.
This is;
V(t) = 1000(1 + 0.06)^t
Thus what this 0.06 represents is r which is the constant interest rate
This distance can be expressed as 3.84× 
m.
What is distance with example?
- Distance is a scalar quantity.
- The distance of an object can be defined as the complete path travelled by an object.
Given the distance between the earth and the moon is 384000km
Representing in exponential notation,
=384000×1000m [∵1km=1000m]
=384× 
m
=3.84× m
Learn more about distance
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<u>The correct question is -</u>
The distance between the Earth and the moon is approximately 384000 km. this distance can be expressed as ____m.
