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2 years ago

13

You invest an initial $100 in an account that has an annual interest rate of 3%, compounded quarterly. How much money will you h

ave in the account after 20 years? Round your answer to the nearest whole number.

2 answers:

Aleks04 [339]2 years ago

8 0

180.81 is the answer

Alla [95]2 years ago

3 0

3 dollars qrtly making it 12 a year times 20 years will be 340

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3 years ago

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ozzi

Answer:

$\sqrt{\frac{1}{3} }$

or

$\frac{\sqrt{3} }{3}$

Step-by-step explanation:

The expression $\frac{\sqrt{5} }{\sqrt{15} }$ can be simplified by first writing the fraction under one single radical instead of two.

$\frac{\sqrt{5} }{\sqrt{15} } = \sqrt{\frac{5}{15} }$

5/15 simplifies because both share the same factor 5.

It becomes $\sqrt{\frac{5}{15} } = \sqrt{\frac{1}{3} }$

This can simplify further by breaking apart the radical.

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A radical cannot be left in the denominator, so rationalize it by multiplying by √3 to numerator and denominator.

$\frac{1}{\sqrt{3} } *\frac{\sqrt{3} }{\sqrt{3} } =\frac{\sqrt{3} }{3}$

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vova2212 [387]

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