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fiasKO [112]
3 years ago
5

Esh deposits $3500 in an account that

Mathematics
1 answer:
xenn [34]3 years ago
7 0

Answer:

Compound interest

Step-by-step explanation:

The question requires us to determine if the interest earned is a simple or compound interest

Simple interest = amount deposited x time x interest rate

Future value with compounding = A( 1 + r)^n

A = amount deposited

r = interest rate

n = time

We would calculate the simple interest and the future value in year 2

Simple interest in year 2 = $3500 x 0.0375 x 2 = 262.50

Future value in 2 years with a simple interest = 262.50 + 3500 = $3762.50

Future value in year 2 with compounding = 3500 x (1.0375)^2 = $3767.42

The value provided in year 2 with compounding matches that provided in the question. Thus, it is compounding of interest that is done

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Step-by-step explanation:

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4 years ago
True or False: If your expression contains more than one set of parentheses, you should evaluate all of them
Scrat [10]

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4 years ago
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Stels [109]
Hi! Answer choices A and C represent the same level of precision!

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3 years ago
Which value is in the domain of f(x)?
Mariana [72]

Answer: x = 4

Step-by-step explanation:

Here we have a piecewise function.

One piece works for values of x such that:   -6 < x < 0

And the other piece works for values of x such that: 0 < x ≤ 4

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