Step-by-step explanation:
step 1. let's call the amount of money A, the initial amount P, the yearly rate r, the number of compounds per year n.
step 2. A = P(1 + r/n)^(nt)
step 3. A = 1600(1 + .03/12)^((12)(5)
step 4. A = 1600(1.0025)^(60)
step 5. A = $1858.59
104.002 i think this is the answer
Answer:
The answer is 1 13/24 hours or 1 hour, 32.5 minutes
Step-by-step explanation:
Find a common multiple of the denominators 3 and 8, which would be 24. Convert the fractions:
7/8 x 3/3 = 21/24.
2/3 x 8/8 = 16/24
Add the two numerators = 37/24 or 1 13/24.
1/24 of an hour is 2.5 minutes, so 13/24 is 32.5 minutes.
The answer is 1 13/24 hours or 1 hour, 32.5 minutes
Answer:D
Step-by-step explanation:
