Answer:
<em>$7,196.42 </em>
Step-by-step explanation:
Using the compound interest formula to fins the amount after 10years;
A = P(1+r)^n
Principal P = $400,000
Rate r = 8% = 0.08
Time t = 10 years
Substitute
A = 400,000(1+0.08)^10
A = 400,000(1.08)^10
A = 400,000(2.1589)
A = 863,569.99
A ≈ 863,570
Hence the amount after 10 years is $863,570
Monthly deposit = $863,570/120 (10 years is equivalent to 120months)
Monthly deposit = 7,196.42
<em>Therefore he will have to deposit $7,196.42 into his account monthly</em>
Answer:
345700
Step-by-step explanation:
79600+145700+120400=345700
12 will be opposite to 24. Then the number of the people are sitting at the table will be 24.
<h3>What is Algebra?</h3>
The analysis of mathematical representations is algebra, and the handling of those symbols is logic.
The several people are sitting evenly spaced around a circular table and the positions are labelled 1, 2, 3 and so on.
The people at positions 3 and 15 are directly opposite each other.
Then the number of the people are sitting at the table will be
1 is opposite to 13
2 is opposite to 14
3 is opposite to 15
Similarly, 12 will be opposite to 24.
Then the number of the people are sitting at the table will be 24.
More about the Algebra link is given below.
brainly.com/question/953809
#SPJ1
The value of the painting in 5 years is $4,320.36
<h3>Expoential functions</h3>
The standard exponential function is expressed as:
Given the following
- P = $3800
- r = 2.6% = 0.026
- t = 5 years
Substitute into the formula
A = 3800(1+0.026)^5
A = 3800(1.026)^5
A = 4,320.36
Hence the value of the painting in 5 years is $4,320.36
Learn more on exponential function here: brainly.com/question/12940982
Answer:
right answer
Step-by-step explanation:
B)
