You deposit $1,600 in a bank account. The account pays 3% annual Interest compounded monthly. Find the balance after 5 years
1 answer:
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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Let's use our trigonometric skills to solve for this one:
7 tens and 3 ones would equal 73... 7×10+3×1=73
Ok so important numbers 42 ft, 2cm, 3 ft and lets take height as x
if 2cm=3ft than x cm= 42 ft
2 = 3
-------
x= 42
cross multiply divide
(42)2/3
84/3
28
Answer:
first one is x=3
Step-by-step explanation: