A₀ = 18 000(1 + 0.0025)⁰
A₁ = 18 000(1 + 0.0025)¹
A₂ = 18 000(1 + 0.0025)²
A(n) = 18 000(1 + 0.0025)ⁿ
So, after 5 months, A(n) = 18 000(1 + 0.0025)⁵ = $18 226.1278 ≈ 18 226.13
5 years is 60 months.
A₆₀ = 18 000(1 + 0.0025)⁶⁰ = $20 909.1021 ≈ $20 909.10
The amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
<h3>How to calculate compound interest's amount?</h3>
If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:

The final amount becomes:

For the considered case, we're given that:
- Initial amount Laura deposited = $5,500 = P
- Type of interest: Compound interest
- Unit of time: Annually
- Rate of interest = 1.6% annually = R
- Total unit of time for which amount is to be calculated: 4 years = T
The final amount at the end of 4 years in the considered account of Laura is evaluated as:

Thus, he amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
Learn more about compound interest here:
brainly.com/question/11897800
Answer:
1 1/5 or 6/5
Step-by-step explanation:
So you get 2/5 every 1/2 hour so take the amount you have and times it by 3.
Answer:
18
Step-by-step explanation:
In three days, the ant farm consumed 1/2 an apple. In 6 days the ant farm will consume 1 apple. We can multiply 6 days by 3 for three apples.
6(3)=18 days