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Readme [11.4K]
3 years ago
11

If you deposit $6000 into an account paying 8% annual interest compounded monthly, how much money will be in the account after 7

years?
Mathematics
1 answer:
Leviafan [203]3 years ago
6 0

Answer:

$10278

Step-by-step explanation:

Given data

P= $6000

R= 8%

T= 7 years

The compound interest formula is

A=P(1+r)^t

substitute

A=6000(1+0.08)^7

A=6000(1.08)^7

A=6000*1.713

A=$10278

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It costs miksel $4 to make a bike bag, if he sells each gor $5. He has made a profit of $16 dollars so far
mixas84 [53]

Answer:

16

Step-by-step explanation:

5-4 = 1 so total profit would be $1 for each bag.

Because he makes 1 dollar per bag this is a fairly simple to see how many he has but we will pretend its not so you have an idea of how to do this later.

You should divide the final profit he's made by the total he gets per each, which would give you how many he has made.

$16/$1 = 16 bags produced.

4 0
3 years ago
On the written portion of her driving test, Sara answered 84% of the questions correctly. If Sara answered 42 questions correctl
kotykmax [81]
There is 50 questions hole this helps
7 0
3 years ago
What is the sum of the series?​
Natalija [7]

Answer:

44

Step-by-step explanation:

k=1: 2*1-4 = -2

k=2: 2*2²-4 = 4

k=3: 2*3²-4 = 14

k=4: 2*4²-4 = 28

-2 + 4 + 14 + 28 = 44

4 0
4 years ago
Read 2 more answers
katie collets stamp she has stamps from canada, United Staes,ands Rest of the world in a ratio of 1:1.2:1.5 she has 135 stamps f
lyudmila [28]

Answer:

90 stamps from Canada, 108 stamps from the United States, and 135 stamps from the Rest of the World

Step-by-step explanation:

Since this is a problem of proportion we can use the Rule of three to solve this. We do this by multiplying the diagonal available values and dividing by the third value in order to get the missing variable, which in this case would be the number of stamps in the other country. Like so...

1.5  <=====>  135 stamps

1.2  <=====>  x  stamps (United States)

(1.2 * 135) / 1.5 = 108 stamps (United States)

1.5  <=====>  135 stamps

1  <=====>  x  stamps (Canada)

(1 * 135) / 1.5 = 90 stamps (Canada)

Finally, we can see that Katie had 90 stamps from Canada, 108 stamps from the United States, and 135 stamps from the Rest of the World. All creating a ratio or 1:1.2:1.5

8 0
3 years ago
7 belts and 5 wallets cost $ 225.Write the equation.​
OleMash [197]

Answer:

7b+5w=$225

I think so.

3 0
3 years ago
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