All categories

3 years ago

Lori buys a $400 certificate deposit that earns 1.8% interest compounded monthly how much will a cd be worth in six years

Mathematics

1 answer:

Firlakuza [10]3 years ago

8 0

Answer:

$1445.11

Step-by-step explanation:

The formula to use would be:

$F=P(1+r)^t$

Where

F is the future amount (what we want to find)

P is the present (principal) amount (this is 400)

r is the rate of interest, monthly (1.8% or 0.018)

t is the time in months (6 years = 6 * 12 = 72)

Now substituting, we get:

$F=P(1+r)^t\\F=400(1+0.018)^{72}\\F = 400(1.018)^{72}\\F=1445.11$

After 6 years, the CD will be worth $1445.11

You might be interested in

Help Please!<br> I’m confuzzled!

ddd [48]

Answer:

6 $n$

Step-by-step explanation:

Find the prime factors of each term in order to find the greatest common factor.

8 0

2 years ago

Read 2 more answers

Arwen uses a dropper that produces drops that have a volume of 1/8 mL to fill a 30 mL test tube how many drops does it take to f

borishaifa [10]

240 drops. you take 8x1/8=1ml so you have 8 8ths times 30 to give you 240 drops for 30ml test tube

3 0

3 years ago

HELP ASAP PLZ

marishachu [46]

Answer:

There are 604,800 possible permutations.

Step-by-step explanation:

The order in which the digits are chosen is important, which means that the permutations formula is used to solve this question.

Permutations formula:

The number of possible permutations of x elements from a set of n elements is given by the following formula:

$P_{(n,x)} = \frac{n!}{(n-x)!}$

In this question:

7 digits from a set of 10(10 digits to 0-9). So

$P_{(10,7)} = \frac{10!}{(10-7)!} = 604800$

There are 604,800 possible permutations.

4 0

2 years ago

Read 2 more answers

The fraction in order form least to greatest 1/2 2/5 6/10

Over [174]

2/5,1/2,6/10 hope that helped!

8 0

3 years ago

Read 2 more answers

<img src="https://tex.z-dn.net/?f=%5Csqrt%7B%28-81%29x%5E%7B2%7D%20%7D" id="TexFormula1" title="\sqrt{(-81)x^{2} }" alt="\sqrt{(

SSSSS [86.1K]

Answer:

We conclude that:

$\sqrt{\left(-81\right)x^2}=9ix$

Step-by-step explanation:

Given the radical expression

$\sqrt{\left(-81\right)x^2}$

simplifying the expression

$\sqrt{\left(-81\right)x^2}$

Remove parentheses: (-a) = -a

$\sqrt{\left(-81\right)x^2}=\sqrt{-81x^2}$

Apply radical rule: $\sqrt{-a}=\sqrt{-1}\sqrt{a},\:\quad \mathrm{\:assuming\:}a\ge 0$

$=\sqrt{-1}\sqrt{81x^2}$

Apply imaginary number rule: $\sqrt{-1}=i$

$=i\sqrt{81x^2}$

Apply radical rule: $\sqrt[n]{ab}=\sqrt[n]{a}\sqrt[n]{b},\:\quad \mathrm{\:assuming\:}a\ge 0,\:b\ge 0$

$=\sqrt{81}i\sqrt{x^2}$

$=9i\sqrt{x^2}$

Apply radical rule: $\sqrt[n]{a^n}=a,\:\quad \mathrm{\:assuming\:}a\ge 0$

$=9ix$

Therefore, we conclude that:

$\sqrt{\left(-81\right)x^2}=9ix$

7 0

2 years ago