Answer: $754.94
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 500
r = 2.75% = 2.75/100 = 0.0275
n = 12 because it was compounded monthly which means 12 times in a year.
t = 15 years
Therefore,.
A = 500(1+0.0275/12)^12 × 15
A = 500(1+0.0023)^180
A = 500(1.0023)^180
A = $754.94
Answer:
amar mata
Step-by-step explanation:
:)
Answer:
3/36=1/12
Step-by-step explanation:
3 are sums of less than 4: 1+1, 1+2, 2+1
there a total of 36 outcomes
Answer:
1. he can go up to 4 rides
2. she can buy 3 flowers
Step-by-step explanation:
1. 19 >= 5+ 3x
19 - 5 >= 3x
14 >= 3x
If you solve this you can get 4 and balance 2
2. 40 >= 2 + 11x
38 >= 11x
If you solve this you can get 3 and balance 5