Answer: $15385 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.8%. So
r = 7.8/100 = 0.078
It was compounded for 4 years. Therefore,
t = 4
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. The total amount is given as $21000. Therefore
21000 = P (1+0.078/12)^12×4
21000 = P (1+0.078/12)^48
21000 = P (1+0.0065)^48
21000 = P (1.0065)^48
P = 21000/1.365
P = $15385
Answer:
A. True
Step-by-step explanation:
......................................................................................
Answer:
The slope of the line is <u>.25</u> This indicates that the diver <u>ascends</u> at a rate of <u>.25 </u>m/s.
Step-by-step explanation:
0 - (-10)
------------ == 10/40 == .25
40 - 0
Isolate one term (x or y) in one of the equations
6x+6y=0
6x=-6y
X= -1y
Substitute x=-y into the other equation
-7(-y) + 2y =18
7y + 2y =18
9y=18
Y=2
Substitute y=2 into 6x+6y=0
6x + 6(2) = 0
6x + 12=0
6x= -12
X = -2
10) 11
Hope this helps!
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