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zepelin [54]
4 years ago
8

A starting principal of $3,000 is invested at 7% compounded annually for 6 years. The compound amount (or future value) is: $___

__
Mathematics
1 answer:
Luda [366]4 years ago
3 0

Answer:

The future value is $4502.19.

Step-by-step explanation:

Given

Principle amount A=$3000

Interest=7%

Time n=6 yr

We need to find future value(P)

We know that for compound Interest, Future value given as

P=A\left(1+\dfrac{r}{100}\right)^n

Now by putting the values

P=3000\left(1+\dfrac{7}{100}\right)^6

P=$4502.19

So the future value is $4502.19.

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5 0
3 years ago
Can you solve these and explain. 4x + 6 &lt; -6. - 2/5 x-9 &lt; 9/10
Elena L [17]

4x + 6 < -6

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divide by 4

x < -3


- 2/5 x-9 < 9/10

multiply each side by 10 to get rid of the fractions

10*(- 2/5 x-9) < 10*9/10

distribute

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add 90 to each  side

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4 years ago
Rose and chi are training for a bike race if They both start the park gate and Rosa starts at 4 PM and chi starts at 4:30 PM Ros
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Step-by-step explanation:

6 0
3 years ago
A pet store has 150
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Step-by-step explanation:

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4 0
2 years ago
What is the range of the data? 99.7, 101.8, 103.6,98.6, 100.2, 102.9
erik [133]

Answer:

5.0

Step-by-step explanation:

The data in order looks like so:

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103.6-98.6=5

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Hope this helps!

7 0
3 years ago
Read 2 more answers
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