Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Step-by-step explanation:
The given is,
Investment = $ 8000
No. of years = 15 years
Interest rate, i = 3.1 %
( compounded monthly )
Step:1
For for calculating future value with compound interest monthly,
.................(1)
Where,
A = Future amount
P = Initial investment
r = Rate of interest
n = Number of compounding in a year
t = Time period
Step:2
From given values,
P = $8000
r = 3.1%
t = 15 years
n = 12 ( for monthly)
Equation (1) becomes,





A = $ 12728.48
Result:
Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Answer:
The answer is angle 7, 3, and 2
Step-by-step explanation:
Angle 7 is vertical, angle 3 is alternate exterior, and angle 2 is corresponding.
One for 5.8 and one for 1.2
Hope this helps
To solve an equation with a rational (fraction) coefficient you need to multiply both sides of the equation by the reciprocal (invert the fraction - flip it).

The reciprocal of 1/6 is 6/1 or 6

The product of reciprocals equals 1
1x = 24
x = 24