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Arte-miy333 [17]
3 years ago
15

Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. How interest will he have earned a

t the end of 8 years.
Mathematics
1 answer:
Rasek [7]3 years ago
8 0

Answer:

The interest earned at the end of 8 years is $1895.25

Step-by-step explanation:

Applying the compound interest formula we have A = P(1+r)^t

A, final amount =?

P initial principal balance= $6,500

r, interest rate =3.25%

t, number of time periods =8 years

Substituting our given data we

A= 6500(1+3.25/100)^8

A=6500(1+0.0325)^8

A=6500(1.0325)^8

A=6500*1.2915775353

A=8395.25

Interest = final amount - principal

Interest =8395.25-6500

Interest = $1895.25

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Answer:

The procedure emphasizes the idea of the summation of one physical quantity. In this case, X.

Step-by-step explanation:

1. When we add fractions like these we do it simply by rewriting a new one, the summation of the numerators over the same denominator:

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Step-by-step explanation:

Given

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As the unit rate has to be calculated per hour so, time has to be converted into hours

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The unit rate is: 8/3 gallons per hour

Keywords: Fractions, unit rate

Learn more about fractions at:

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Answer:

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Step-by-step explanation:

reasoning: Box 1’s volume is modeled by a monomial times a monomial, so it will be a monomial.

Box 2’s volume is modeled by a monomial times a binomial, so it will be a binomial.

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