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SCORPION-xisa [38]
3 years ago
14

You deposit $3000 into a bank account that pays 1.25% annual interest, compounded semi-annually. What is the final balance after

4 years
Mathematics
1 answer:
mojhsa [17]3 years ago
8 0

Answer:

$3,153.32

Step-by-step explanation:

Given that

The deposited amount is $3,000

The annual interest rate is 1.25%

So, the semi-annual interest rate is 1.25% ÷2  = 0.625%

And, the time period = 4 × 2 = 8

We need to find out the final balance

So,

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $3,000 × (1 + 0.625%)^8

= $3,153.32

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Answer:

Step-by-step explanation:

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3 years ago
What is the slope of (0,-8) and (-4,9)​
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m=-17/4

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How would 125% be expressed as a decimal. You also need to explain what is the rule in changing Percent to decimal . Give anothe
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Answer:

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125 % can be expressed as decimal as

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3 years ago
What is the sum of -3x + 9x​
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How do I read a box plot?
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Answer:  

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Box plots aren’t used that much in real life. However, they can be a useful tool for getting a quick summary of data.

How to Read a Box Plot: Steps

Step 1: Find the minimum.

The minimum is the far left hand side of the graph, at the tip of the left whisker.  

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Step 3:  Find the median.

Step 4: Find Q3, the third quartile.

Step 5: Find the maximum.

hope this helps!!

4 0
3 years ago
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