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andre [41]
3 years ago
10

If you invest $500 at 3% compounded monthly for 2 years, how much interest you do earn? Show work.

Mathematics
1 answer:
Elodia [21]3 years ago
4 0

Answer:

  $30.88

Step-by-step explanation:

The account value is given by ...

  A = P(1 +r/n)^(nt)

where P is the principal invested, r is the annual interest rate, t is the number of years, n is the number of times interest is compounded per year.

The amount of interest earned is the account value less the initial investment:

  I = A - P = P(1 +r/n)^(nt) -P  = P((1 +r/n)^(nt) -1)

Filling in the given values, we get ...

  I = 500((1 +.03/12)^(12·2) -1) = 500(1.0025^24 -1) ≈ $30.88

The amount of interest earned is $30.88.

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marin [14]

Answer:

12.1072

Step-by-step explanation:

 5.264

x                           take 3 multiply with 5264 = 15792

      2.3                 then take 2 multiply with 5264 = 10528

 15792                  add column by column as drop 2 down, then 9 + 8

10528                    then 7+2, 5+5, 1+0, 1. then count how many numbers total

121072                  behind the point  .264= 3 numbers + .3 is 1 number= 4#s

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5 0
3 years ago
a rectangle has a length of 15 inches less than 5 times it’s width. If the area of the rectangle is 2750 square inches. what is
irakobra [83]

let L = length and let W = width.

Use the equations 2L + 2W = 2750

and L = 5W + 15

Then do the steps as follows -

1. Plug the equation for what L equals into the first equation

2(5W+15) + 2W = 2750

2. Then distribute the 2

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3. Then add like terms

12W + 30 = 2750

4. Then subtract 30 from both sides

12W = 2720

5. Divide by 12 on both sides

W = 226.67

6. Then plug that into the second equation

L = 5(226.67) + 15

L = 1148.35 should be the answer


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3 years ago
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Answer:

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Step-by-step explanation:

Let total number of groups be x

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if number of girls and boys in every group is same, then

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Answer:

Step-by-step explanation:

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