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3 years ago

Blank thousands equals 1800 tens

Mathematics

2 answers:

ahrayia [7]3 years ago

8 0

18,000=1800x10 which is 18 thosands = 1800 tens

gogolik [260]3 years ago

7 0

18 thousands = 1800 tens.
Hope this helps :)

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You deposit $3000 into a money-market savings account which pays 4.8% compounded quarterly, and you make no withdrawals from or

faust18 [17]

Answer:

$5265.71

Step-by-step explanation:

We have been given that you deposit $3000 into a money-market savings account which pays 4.8% compounded quarterly.

We will use future value formula to solve our given problem.

$FV=C_0\times (1+r)^n$ , where,

$C_0=\text{Initial amount}$ ,

r = Rate of return in decimal form,

n = Number of periods.

$4.8\%=\frac{4.8}{100}=0.048$

$n=3\times 4=12$

$FV=\$3,000\times (1+0.048)^{12}$

$FV=\$3,000\times (1.048)^{12}$

$FV=\$3,000\times 1.7552354909370114$

$FV=\$5265.7064\approx \$5265.71$

Therefore, there will be $5265.71 in your account at the end of those 3 years.

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