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3 years ago

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]3 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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Step-by-step explanation:

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Stanley is having wood flooring installed in his living room. The installer has used boxes of flooring on of the room. How many

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<h3>Total approximately 16 boxes of flooring will be needed in Stanley's living room. </h3>

Step-by-step explanation:

Here the given question is <u>incomplete</u>.

Stanley is having wood flooring installed in his living room. The installer has used 10 1/2 boxes of flooring on 2/3 of the room. How many total boxes of flooring will be needed for Stanley's living room?

The number of boxes used in the two third of room = $10 (\frac{1}{2} ) = 10.5$ boxes

So, $(\frac{2}{3} )$ room = 10. 5 boxes

So, 1 room = $10.5 \times (\frac{3}{2} ) = 15.75 \approx 16$

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