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diamong [38]
3 years ago
15

How much will $5000 be worth in 5 years if it is compounded continuously at 3% interest.

Mathematics
1 answer:
mash [69]3 years ago
3 0

Answer:

The final balance is $5,796.37.

The total compound interest is $796.37.

Step-by-step explanation:

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You would subtract 3/8-2/8, which equals 1/8. For drawing a model draw fraction strips to help.
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My product is 30. The differencd of the two factors is 1. The zum of the two factors is 11. What numbers am i
timurjin [86]
A * b = 30
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5 0
3 years ago
Matt Bonner has 8 dimes, 9 pennies, and 4 quarters in his pocket. If each coin is equally likely to be pulled out of his pocket
Lesechka [4]

Answer:

B. 0.602%

Step-by-step explanation:

Probability is essentially (# times specific event will occur) / (# times general event will occur). Here, we have a few specific events: draw a quarter, draw a second quarter, draw a penny, and draw another penny. The general event will just be the number of coins there are to choose from.

The probability that the first draw is a quarter will be 4 / (4 + 8 + 9) = 4/21.

Since we've drawn one now, there's only 21 - 1 = 20 total coins left. The probability of drawing a second quarter is: (4 - 1) / (21 - 1) = 3/20.

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The probability of drawing a second penny is: (9 - 1) / (19 - 1) = 8/18.

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The answer is B.

8 0
3 years ago
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