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natka813 [3]
4 years ago
10

joyce deposited $5000 in an account with an annual interest rate of 6%, compounded annually. how much money will be in the accou

nt 10 years later
Mathematics
2 answers:
Lyrx [107]4 years ago
5 0

Answer:

If I am correct it would be $30, sorry if I'm wrong

Step-by-step explanation:


JulsSmile [24]4 years ago
5 0
To find the answer, we need to first understand that interest rate compounded yearly will come in form of power instead of multiplication:

Original value x (1+interest rate)^(years)

The annual interedt rate: 6% = 0.06

The money he will recieve 10 year later:

5000 x (1+0.06)^10
= 5000× (1.06)^10
= 5000 × 1.79085...
≈ 8954.24

Therefore, $8954.24 will be in his account 10 years later.

Hope it helps!
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The three options are;

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Step-by-step explanation:

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2) If p = a number is negative and q = the additive inverse is positive, the original statement, which is a conditional statement is p → q, the inverse of the original conditional statement is therefore, ~p → ~q

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