Answer:
B. $25,069
Step-by-step explanation:
An interest of 6% per year, compounded monthly it means that he earns 6/12% = 0.5% of what he has invested every month.
If he invests x money what he will have the first month will be :
Money = x*(1+0.005)
The next month:
Money' = Money*(1+0.005) = x *(1+0.005)(1+0.005) = x* (1+0.005)^2
Therefore in this type of interest the formula is:
Money = x*(1+r)^n
Where:
x is the money invested the first time
r is the interest
n is the number of periods
For this problem:
x = what you have to find
r = 0.005
n = 3 years (1 period is 1 month) then the period is 36 months
Money = 30000
Replacing:
30000 = x * (1+0.005)^36
x = 25,069
Answer:
not b
Step-by-step explanation:
had this on test
Answer: The answer is 3n + 2
Step-by-step explanation: You will have to combine like terms:
=−n + −4 + 4n + 6
=(−n + 4n) + (−4 + 6)
=3n + 2
Answer:
y = -7
Step-by-step explanation:
The answer is B because the first number in those points don’t repeat but all the other ones have the first number repeating