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ira [324]
3 years ago
10

What is 289.5 divided by 0.63

Mathematics
1 answer:
stellarik [79]3 years ago
7 0

Answer:

 459.523809524

Step-by-step explanation:

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Complete the table and find the balance A if $5000 is invested an an annual rate of 6% for 15 years and compounded n times a yea
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Step-by-step explanation:

The compound interest formula is A=P*(1+r/n)^nt

P=principal amount

r=rate

n=number of compounds per period

t=number of periods

In this situation, the principal amount is 5,000=P. The rate is 6%, so r=0.06. n is equal to the top number in the table. And this is 15 years, so t=15.

For 1, it would be A=5,000*(1+.06/1)^1*15, or A=5,000(1.06^15), or 11982.79.

For 2, it would be 5,000*(1+.06/2)^2*15, or 5,000*(1.03^30), or 12136.31.

And so forth. Good luck

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