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bixtya [17]
4 years ago
8

How much would $500 invested at 6% interest compounded monthly be worth after 4 years? Round your answer to the nearest cent

Mathematics
1 answer:
Rama09 [41]4 years ago
7 0
1) Compound interest formula:
A = P(1+ \frac{r}{n}) ^{nt}**<span>
**A = amount, P = principal amount, r = rate, n = # of times interest is compunded every year, t = time(in years)
2) Plug numbers in
</span>A = (500)(1+ \frac{0.06}{12}) ^{(12)(4)}
3) Solve
A = 635.24458054

Hope this helped! Good Luck!
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hodyreva [135]
This is quite simple, first, you must find the area of each shape, since the form of the prism is currently 2D.

Formula for (Area of Rectangle)= length x width

Formula for (Area of Triangle)= 1/2 base x height

Now, we have the formulas. Let’s get started!

(Identification) There are 3 rectangles and 2 triangles. 2 rectangles are of the same size and 2 triangles are of the same size.

Triangles~ the base is 6 and the height is 4.

1/2 (6 x 4) = 12

However, there’s two triangles. (of the same size)

12 x 2 = 24

Rectangles 1 and 2~ the length is 5 and the width is 7

5 x 7 = 35

However, there’s two rectangles. (of the same size)

35 x 2 = 70

Rectangle 3~ the length is 6 and the width is 7

6 x 7 = 42

There’s only one of these.

Now we add all the areas of the shapes together!

24 + 70 + 42 = 136

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2 years ago
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Help please <br> I need to pass my class
valina [46]

Answer:

look below

Step-by-step explanation:

thing to note:

sin = opposite/hypotenuse

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3 years ago
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Paraphin [41]
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Vesna [10]

Answer:

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Step-by-step explanation:

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You can have infinity lines with the point (6,4). Another example is y=\frac{1}{2} x+1

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3 years ago
I need help plz quickly:(<br> I'm struggling
alina1380 [7]

Answer:

yes the statement is true

Step-by-step explanation:

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