All categories

2 years ago

Find the amount A accumulated after investing a principal P= $2,000 for t= 8 years at an interest rate r= 6% compounded monthly.

Mathematics

2 answers:

Ierofanga [76]2 years ago

7 0

Answer:

A = 3228.2854

I = 1228.2854

Step-by-step explanation:

1 . Use the CI formula. (Reference in file.)

2. Solve equation after plugging the given information we have.

3. We will have the Amount after solving the equation.

4. To find interest we use formula A=P+I

Source - TutorEye

inna [77]2 years ago

3 0

Answer:

The amount is $11520.

Step-by-step explanation:

Interest = p * r * t/100

p = 2000

r = 6%

t = 8 * 12

For monthly interest = 2000 * 6 * 96/100

interest = 11520

If we have to find out the interest there must be the given total amount that take time in which it has to pay,

And percentage all things are given he take 2000 $ rate of interest at 6%,

Time is 8 years that is monthly amount

Therefore, we multiply 8 by 12 years by putting the values and getting the answer as $11520.

You might be interested in

If x is -3 and y is 2 what is x ^ 2 + y ^ 2

Pavlova-9 [17]

Answer:

ans=-2

Step-by-step explanation:

-3*2+2*2

=-6+4

=-2

4 0

2 years ago

A circle has its centre at (0,0) and passes through the point (-9,40).

BabaBlast [244]

Step-by-step explanation:

Radius of a cicke is calculated by 2 pi r

Equation is found by y=mx+C

3 0

1 year ago

A tram travels at 10 km/hr for 2 hours and then at 13 km/hr for 1 hour. Find its average speed

s344n2d4d5 [400]

33km total / 3 hours total = 11 km/hr average

6 0

3 years ago

Find an upper limit for the zeroes 2x^4 -7x^3 + 4x^2 + 7x - 6 = 0

erik [133]

<u>Answer-</u>

2 is the upper limit for the zeros.

<u>Solution-</u>

The given function f(x) is,

$2x^4 -7x^3 + 4x^2 + 7x - 6 = 0$

For calculating the zeros,

$\Rightarrow f(x)=0$

$\Rightarrow 2x^4 -7x^3 + 4x^2 + 7x - 6 = 0$

$\Rightarrow 2x^4-4x^3-3x^3+6x^2-2x^2+ 4x+3x-6=0$

$\Rightarrow 2x^3(x-2)-3x^2(x-2)-2x(x-2)+3(x-2)=0$

$\Rightarrow (x-2)(2x^3-3x^2-2x+3)=0$

$\Rightarrow (x-2)(x^2(2x-3)-1(2x-3))=0$

$\Rightarrow (x-2)(x^2-1)(2x-3)=0$

$\Rightarrow (x-2)(x+1)(x-1)(2x-3)=0$

$\Rightarrow x-2=0,\ x+1=0,\ x-1=0,\ 2x-3=0$

$\Rightarrow x=2,\ x=-1,\ x=1,\ x=\frac{3}{2}$

From all the 4 roots, it can be obtained that 2 is the greatest zero.

7 0

2 years ago

2/5 of the members of a school band are 6th graders. What percent of

faust18 [17]

Answer:

60%

Step-by-step explanation:

3/5 is 60%

7 0

3 years ago

Read 2 more answers