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IgorC [24]
2 years ago
14

How much money will be in an account at the end of 6 years if $3,000 is deposited at 5% interest compounded 2 times per year?

Mathematics
1 answer:
sineoko [7]2 years ago
7 0

Answer:

Total = Principal * (1 + [rate/2])^2*6

Total = 3,000 * (1.025)^12

Total = 3,000 * 1.3448888242

Total = 4,034.67

Source: https://www.1728.com/compint3.htm


Step-by-step explanation:


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Monthly rent at Lake View Apartments has increased annually and is modeled by the exponential equation y = 2,400(1.04)x. What is
AfilCa [17]

Answer:

The percent increase per year is 4%

Step-by-step explanation:

we have

y=2,400(1.04^x)

This is a exponential function of the form

y=a(b^x)

where

y represent the monthly rent at Lake View Apartments

x represent the number of years

a is the initial value (y-intercept)

b is the base

r is the rate or percent increase

b=(1+r)

The percent increase per year is the base of the exponential function decreased by 1.

so

r=b-1

In this problem we have

a=\$2,400 ---> initial value

b=1.04\\r=1.04-1=0.04=4\%

Therefore

The percent increase per year is 4%

7 0
3 years ago
Find the 10th term <br><br> 3,15,75,375
vova2212 [387]

Answer:

5859375

Step-by-step explanation:

These are the terms of a geometric sequence with n th term

a_{n} = a_{1} r^{n-1}

where r is the common ratio and a_{1} the first term

here r = \frac{375}{75} = \frac{75}{15} = \frac{15}{3} = 5 and a_{1} = 3, hence

a_{10} = 3 × (5)^{9} = 5859375


5 0
3 years ago
Pleaseee what is ittt
umka21 [38]

Answer:

positive slope is shown by the graph

6 0
2 years ago
A standard working day is 8 hours. If you were to work 125% of a normal day, how many total hours would you work?
AlladinOne [14]
You would work a total of 10 hours
5 0
3 years ago
3 factor string for 840
elixir [45]
Well I have more than 4 but whatever....

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<span>2 x 2 x 2 x 3 x 5 x 7</span>


Hope I Helped You!!! :-)

Have A Good Day!!!
5 0
2 years ago
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