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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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Answer:

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Step-by-step explanation:

The function is linear and can be expressed in slope- intercept form

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Calculate m using the slope formula

m = \frac{y_{2}-y_{1}  }{x_{2}-x_{1}  }

with (x₁, y₁ ) = (- 2, 4) and (x₂, y₂ ) = (- 1, 1) ← 2 ordered pairs from the table

m = \frac{1-4}{-1-(-2)} = \frac{-3}{-1+2} = \frac{-3}{1} = - 3 , then

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To find c substitute any ordered pair into the equation

using (0, - 2 ) , then

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Find the fraction equivalent to 5/7 with: a) numerator 25 b) denominator 42​
mash [69]

Answer:

a) 25/35

b) 30/42

Step-by-step explanation:

a)

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b)

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7 0
3 years ago
Read 2 more answers
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