Answer:
D = $8637.45
Step-by-step explanation:
Rate = 3.65% = 0.0365
Principal = 5000
Time (t) = 15 years
N = 12 (since its compounded monthly)
Compound interest (A) = P(1 + r/n)^nt
A = 5000(1 + 0.0365 / 12)^15*12
A = 5000(1 + 0.00304)¹⁸⁰
A = 5000(1.00304)¹⁸⁰
A = 5000 * 1.7269
A = 8634.86
The investment would worth $8634.86
Note: the final answer may vary slightly from the answer in the options due to ± from approximation
31 rotations, hope i was a big help to you
To elaborate:
To do this problem, we assume that Mr. Sanchez is driving at a constant rate.
According to this information, he has driven 120 mi in 3 hr. To find how much he drives in 5 hr, we first have to find how many mi he drives in 1 hour. To do this, we divide 120 miles by 3 hours, since we assume that he managed to drive an equal amount in each hour.
120/3=40
Therefore Mr. Sanchez drove at a rate of 40 mph.
However, this isn't the final answer. 40 miles is the distance for one hour of driving. To find the distance for 5 hours, we have to multiply the distance by 5 as well.
40 times 5=200
In conclusion, Mr. Sanchez will drive 200 miles in 5 hours.
Most of these problems are the commutative property:
Addition
a + b = b + a
Multiplication
a * b = b * a
and the associative property:
Addition
(a + b) + c = a + (b + c)
Multiplication
(a * b) * c = a * (b * c)
There's also the Identity property:
Addition \ Subtraction:
a + 0 = a \ a - 0 = a
Multiplication \ Division:
a * 1 = a \ a / 1 = a
