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omeli [17]
3 years ago
6

Hi, I am doing math at home, and I was confused on this problem. Thank you for helping.

Mathematics
1 answer:
Murrr4er [49]3 years ago
4 0

Answer:

simplified the answer ( i think) is -\frac{3}{56}

Step-by-step explanation:

Thank you for being so polite you were when u asked ur question, really hope this helps

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3 years ago
Sophie deposited money into an account in which interest is compoundedsemiannually at a rate of 2.4%. She made no other deposits
meriva

Given

Compounded semiannually

rate = 2.4%

time = 11 years

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\begin{gathered} A=P(1+\frac{r}{n})^{nt} \\ \frac{A}{(1+\frac{r}{n})^{nt}}=\frac{P(1+\frac{r}{n})^{nt}}{(1+\frac{r}{n})^{nt}} \\ P=\frac{A}{(1+\frac{r}{n})^{nt}} \\ P=\frac{11227.78}{(1+\frac{0.024}{2})^{2(11)}} \\ P=\frac{11227.78}{1.012^{22}} \\ P=8636.20 \end{gathered}

Rounding to the nearest whole number, the amount the she has deposited is $8636.

6 0
1 year ago
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Step-by-step explanation:

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