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uranmaximum [27]
3 years ago
5

You deposit $1,600 in a bank account. The account pays 3% annual Interest compounded monthly. Find the balance after 5 years

Mathematics
1 answer:
kumpel [21]3 years ago
8 0

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

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7th Grade Math (Please help me with this question I'm confused with this one)
Vlad [161]

Answer:

To subtract a number from another number, the sign of the number (which is to be subtracted) should be changed and then this number with the changed sign, should be added to the first number

Step-by-step explanation:

(i) Evaluate (+6) – (+2)

= (+6) + (-2) (charging the sign of the number to be subtracted and then adding)

On subtracting smaller number 2 from bigger number 6; we get 6 – 2 = 4

Since, the sign of bigger number is + (positive)

= +4 or 4

Therefore, (+6) – (+2) = 4

(ii) Evaluate (+5) – (-3)

= (+5) + (+3) (charging the sign of the number to be subtracted and then adding)

We know, to add a positive (+ ve) number to a positive (+ ve) number, the numbers should be added and positive sign should be attached to the sum obtained.

= +8

Therefore, (+5) – (-3) = 8

6 0
2 years ago
compare the price per dozen eggs at the local grocery store and at the supermarket Edward bought 8 dozen eggs in the supermarket
creativ13 [48]

Answer:

8

Step-by-step explanation:

<h2>i'm a 12 year old girl and i get it  so you have to think about the local store  would be half witch would be 4 so the answer is 8 </h2>
7 0
3 years ago
Help need help with this
vaieri [72.5K]
Maybe use a math app
6 0
2 years ago
PLEASE HELP ME........
Y_Kistochka [10]
It is 47 pounds good luck on it
5 0
3 years ago
Read 2 more answers
1.What are 3 ways to solve a proportion?​
devlian [24]

Answer:

Three ways to solve proportions

Vertical.

Horizontal.

Diagonal (often called "cross-products")

Have a nice Day , I would appreciate it if you could mark my answer brainliest

7 0
2 years ago
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