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Thepotemich [5.8K]
4 years ago
11

1. Yousaf deposits $5000 in a savings account at his local bank. The account pays 5.5 % interest compounded annually. At the end

of 6 years, how much will he have in his account?
Mathematics
1 answer:
irina [24]4 years ago
4 0

Answer:

I think its $6894.21

Step-by-step explanation:

compound interest formula: A= P(1+ r/n)^nt

A= 5000(1+ 0.055/1)^1(6)

A= 6894.21403

A= $6894.21

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Answer:

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3 years ago
Which is bigger 4/6 or .77
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\frac{0.77}{1}

Multiply by 100

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Now make the denominators the same, to make it easier to find which fraction is greater. We can do this by finding the LCM of the denominators, then however many times the denominator goes into that number, we multiply the numerator by the same amount.

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The answer is 0.77 is greater than 4/6. :)

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