All categories

2 years ago

How much would $300 invested at 9% interest compounded monthly be worth after 3 years?

Mathematics

1 answer:

belka [17]2 years ago

8 0

Answer:

F=P(1+(r/n))^(nt)

F=future amount

P=present amount

r=rate in decimal form

n=number of times per year it is compounded

t=time in years

F=P(1+(r/n))^(nt)

F=future amount

P=300

r=0.09

n=1

t=3

F=300(1+(0.09/1))^(1(3))

F=300(1+0.09)^(3)

F=300(1.09)^(3)

F=388.509

it would be worth $388.51 (rounded)

You might be interested in

Find the measure of the central angle with an arc length equaling 29.21 and a circumference = 40.44

Dima020 [189]

measure of central angle is 4.607 radians with an arc length equaling 29.21 and a circumference = 40.44

Step-by-step explanation:

Arc length = 29.21

Circumference = 40.44

Central angle = ?

The formula used to find central angle is:

$s=r\theta$

where s = arc length, r= radius and Ф=central angle.

We need to find radius from circumference

$c=2\pi r\\r=\frac{c}{2\pi } \\Putting\,\,values:\\r=\frac{40.44}{2*3.14}\\r=6.43$

So, radius = 6.34

Now, finding central angle:

$s=r\theta\\29.21=6.34\,\,\theta\\\theta=\frac{29.21}{6.34}\\\theta=4.607\,\,radians$

So, measure of central angle is 4.607 radians with an arc length equaling 29.21 and a circumference = 40.44

Keywords: Central angle of circle

Learn more about Central angle of circle at:

#learnwithBrainly

5 0

2 years ago

Change 3/8 to a decimal fraction. 0.375 37.5 375 0.0375

meriva

3/8 as a decimal would be 0.375

3 0

2 years ago

Read 2 more answers

In a completely randomized design involving three treatments, the following information is provided:Treatment 1Treatment 2Treatm

Aliun [14]

Answer:

7.25

Step-by-step explanation:

Given :

___________ Sample size __ sample mean

Treatment 1 ____ 5 _______ 4

Treatment 2 ____ 10 ______ 8

Treatment 3 ____ 5 _______ 9

Sample size = (5 + 10 + 5). = 20

Overall mean = ((5*4). + (10*8) + (5*9)) / 20

Overall mean = (20 + 80 + 45) / 20

= 145 / 20

= 7.25

6 0

2 years ago

(07.01 MC)

ratelena [41]

I choose A. 0, because the angles are complementary

5 0

2 years ago

Read 2 more answers

How many terms are in 10y2-3y+8

Sergio [31]

Hi student, let me help you out! :)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

We are asked to find how many terms are in $\pmb{10y^2-3y+8}$ .

$\triangle~\fbox{\bf{KEY:}}$

A term is a thing that's added or subtracted.

So let's compute the number of terms in this expression.

The first term is $\pmb{10y^2}$ .

Is anything added or subtracted from 10y²?

Sure! $\pmb{-3y}$ is subtracted from 10y².

Also, 8 is added to -3y.

Thus, this expression has 3 terms.

Hope it helps you out! :D

Ask in comments if any queries arise.

#StudyWithBrainly

~Just a smiley person helping fellow students :)

4 0

1 year ago