Please try and hurry i need to finish fast

Mathematics

1 answer:

ExtremeBDS [4]3 years ago

8 0

Answer:

It is the one you selected

Step-by-step explanation:

To convert this into a fraction, you would have to move the "3" to the fraction. But the position of the "3" would ALWAYS be below the number which in this case would be "7" so it would be x ^ 7/3

plz brainliest :'D

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Lin is saving $300 per year in an account that pays 4.5% interest per year, compounded annually. How do I find the value after 2

vagabundo [1.1K]

The value after 20 years is $ 723.514

Solution:

Formula for Amount compounded annually is as follows:

$\mathrm{A}=P\left(1+\frac{r}{100}\right)^{n}$

Where,

"A" is the total amount

"p" is the principal sum

"r" is the rate of interest

"n" is the number of years

From given question,

p = $ 300

r = 4.5 %

n = 20 years

Substituting the values we get,

$\begin{aligned}&A=300\left(1+\frac{4.5}{100}\right)^{20}\\\\&A=300(1+0.045)^{20}\\\\&A=300(1.045)^{20}\\\\&A=300 \times 2.41171=723.514\end{aligned}$