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fomenos
3 years ago
13

Last year, Ahmad opened an investment account with $5400. At the end of the year, the amount in the account had increased by 7.5

%. How much is this
increase in dollars? How much money was in his account at the end of last year?
Mathematics
1 answer:
zheka24 [161]3 years ago
4 0

Answer:

Step-by-step explanation:

The increase was

5400(0.075)=$405

The money in the account was

5400+405=$5805

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What is the future value of $1,600 in 17 years assuming an interest rate of 10 percent compounded semiannually?
Naddika [18.5K]
Let
F--------------------> future value
P--------------------> present value 
r --------------------> interest rate per year
m ------------------ > number of compounding periods per year
t -------------------->  time in years. 
we know that
P=$1,600
<span>t=17 years
m=2
r=10%------> 0.10

F=P(1+i)</span><span>^n
</span><span>where
i=r/m   ---------> 0.10/2=0.05
and
n=m*t------------> 2*17=34

</span>F=1600*(1+0.05)^34=8405.36
<span>
the answer is $</span>8405.36<span>

</span>
5 0
3 years ago
The picture wilk explain it all i am super confused and hopefully someone can reply back fast
n200080 [17]

Answer:

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Step-by-step explanation:

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8 0
4 years ago
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Given the following piece wise function evaluate f(-7)
adelina 88 [10]

Answer:

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Step-by-step explanation:

To evaluate f(- 7) substitute x = - 7 into f(x) = 7x - 8, since condition is

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4 0
3 years ago
If p=1 and q=4, evaluate the following expression:4q−p/p+q​
Stels [109]

Answer:

19

Step-by-step explanation:

This was done the normal way of multiplying and dividing first:

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If you wanted to do the addition and subtraction first, the equation would have been:

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8 0
3 years ago
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svp [43]

Answer:

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