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3 years ago

12

I believe the answer is d is this correct?

1 answer:

JulijaS [17]3 years ago

3 0

Answer:

yes it is correct

Step-by-step explanation:

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Find the savings plan balance after 2 years with an APR of 4% and monthly payments of $250. The balance is $ (Do not round until

alexdok [17]

Answer:

$6,506.51

Step-by-step explanation:

Recall that increasing an amount C in x% is equivalent to multiply it by (1+x/100)

As we have 4% APR, the monthly interest would be (4/12)% = 0.04/12

<u>Month 0</u> (first payment)

$250

Month 1

$250 + 250 \frac{0.04}{12}= 250(\frac{12.04}{12})$

<u>Month 2</u>

$250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2)$

<u>Month 3</u>

$250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3)$

<u>Month 24 (2 years)</u>

$250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3+...+(\frac{12.04}{12})^{24})$

The sum

$1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3+...+(\frac{12.04}{12})^{24}$

is the sum of the first 24 terms of a geometric sequence with common ratio $\frac{12.04}{12}$ which is

$\frac{1-(12.04/12)^{25}}{1-(12.04/12)}=26.02603071$

so, after 2 years the saving balance is

250*26.02603071 = 6,506.50767= $6,506.51 rounded to the nearest cent.

6 0

3 years ago

Work out b(4½-3⅔)+1⅔

Zolol [24]

Answer:

2 $\frac{1}{2}$

Step-by-step explanation:

Change the mixed numbers to improper fractions

( $\frac{9}{2}$ - $\frac{11}{3}$ ) + $\frac{5}{3}$ ← the LCM of 2 and 3 is 6

= $\frac{9(3)}{2(3)}$ - $\frac{11(2)}{3(2)}$ + $\frac{5(2)}{3(2)}$

= $\frac{27}{6}$ - $\frac{22}{6}$ + $\frac{10}{6}$

= $\frac{5}{6}$ + $\frac{10}{6}$

= $\frac{15}{6}$

= $\frac{5}{2}$

= 2 $\frac{1}{2}$

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3 years ago

Using the model of 7.77, how does the 7 in the tenths place compare to the 7 in the place to its left?

igomit [66]

It is 10 times smaller

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____ two points are collinear

kaheart [24]

Any... That would be the answer

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√x + x+13 =?<br> domain

hram777 [196]

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3 years ago