Michelle deposited $3,400 into an account. She made no additional withdrawals or deposits. Michelle earned 1.95% annual simple

Mathematics

2 answers:

Leokris [45]3 years ago

8 0

Answer: 96 cents or 0.96

Step-by-step explanation:

When in a money problem like this and it is telling you to find the tax, fee, or and bonus you move the decimal in front of the number or decimal and round to the nearest penny and in this situation .195 rounds to .96

koban [17]3 years ago

6 0

Answer:

the answer is 3565.75

Step-by-step explanation:

I took a test with this exact question

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What is interest earned on 3500 invested at 6% compounded quarterly or 12 years

enyata [817]

$\bf \qquad \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$3500\\
r=rate\to 6\%\to \frac{6}{100}\to &0.06\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly, thus four}
\end{array}\to &4\\
t=years\to &12
\end{cases}
\\\\\\
A=3500\left(1+\frac{0.06}{4}\right)^{4\cdot 12}\implies A=3500(1.015)^{48}$

so, the interest earned then will be A - 3500.

6 0

2 years ago

3. Evaluate the expression 4(52-3-2x)² where x = 5. O-1296 O1296 O 576 O-576

boyakko [2]

The value of the expression 4(5² - 3 - 2x)² is 576.

In the question, we are asked to evaluate the expression 4(5² - 3 - 2x)², where x = 5.

To find the value of the expression, we find the value of each term with the value assigned to the variable and then put back the terms in the expression to get the final value.

The term 5² = 25.

The term 2x, when x = 5, can be shown as 2x = 2*5 = 10.

Taking the terms back to the expression, we get:

4(5² - 3 - 2x)²

= 4(25 - 3 - 10)²

= 4(12)²

= 4(144)

= 576.

Thus, the value of the expression 4(5² - 3 - 2x)² is 576.

Learn more about solving expressions at

brainly.com/question/723406

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