3 years ago

Este plzzz.

Mathematics

1 answer:

Yuki888 [10]3 years ago

3 0

Answer:

La superficie es 194.94cm cuadrados

Step-by-step explanation:

¡Espero que esto ayude!

¡Por favor marque el más inteligente!

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$1500 is invested at a rate of 3% compounded monthly. Write a compound interest function to model this situation. Then find the

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Answer:

Equation: $F=1500(1.0025)^{12t}$

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Step-by-step explanation:

This is a compound growth problem . THe formula is:

$F=P(1+\frac{r}{n})^{nt}$

Where

F is future amount

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n = 12 (compounded monthly means 12 times a year)

The compound interest formula modelled by the variables is:

$F=1500(1+\frac{0.03}{12})^{12t}\\F=1500(1.0025)^{12t}$

Now, we want balance after 5 years, so t = 5, substituting, we get:

$F=1500(1.0025)^{12t}\\F=1500(1.0025)^{12*5}\\F=1500(1.0025)^{60}\\F=1742.43$

The balance after 5 years is: $1742.43

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