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kykrilka [37]
2 years ago
6

4000 principle earning 6% compounded annually after 5 years

Mathematics
1 answer:
Dmitrij [34]2 years ago
7 0
Principal, P= 4000
interest = 6%/4 = 0.015 (per quarter)
Number of periods, n = 5*4 =20 quarters

Compound interest formula:
Future value:
F=P(1+i)^n
=4000(1+.015)^{20}
F=5387.42   to the nearest cent.
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Step-by-step explanation:

<h2>PART I: Simplify the expression</h2>

<u>Given expression:</u>

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<u>Expand parenthesis by distributive property:</u>

= 3x² + 6x + 5 - 3x (2) - 3x (x)

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<u>Put like terms together:</u>

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<h2>PART II: Classify polynomial</h2>

<u>Concept:</u>

Polynomial is classified by the number of terms a polynomial has.

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<u>Classify the given expression:</u>

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Simplified = 5

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