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3 years ago

Kenji invests $3,500 at an interest rate of 3%, compounded monthly. How much is the investment worth at the end of 5 years?

2 answers:

8 0

With an interest rate of 3%, after 5 years, he'd have $27,000, if that is to be added to the original value of $3,500, Kenji's investment would be worth $30,800. So either $27,000 or $30,800.

Morgarella [4.7K]3 years ago

4 0

3500(1 + .03/12)^12(5)
3500(1.0025)^60

The answer is:
$4,065.66 or $4,066

Hope this helps :)

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2 years ago

Read 2 more answers

Write the equation of a line that is perpendicular to the line that passes through (4,−3)and (−7,8).

masha68 [24]

Line perpendicular to a given line is = 1/m

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m = (8-(-3))/(-7-4)

m = 11/-11,

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3 years ago

Given △XPS≅△DNF, find the values of x and y.

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Answer:

x = 3

y = 15

Step-by-step explanation:

If △XPS ≅△DNF, their corresponding sides would be congruent. This implies that:

XP ≅ DN

PS ≅ NF

XS ≅ DF

Given that:

XP = 4y - 3

DN = 57

NF = 51

XS = 17x + 3

DF = 54

Therefore:

XP = DN

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Add 3 to both sides

4y = 57 + 3

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Divide both sides by 4

y = 60/4

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Subtract 3 from each side

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