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liq [111]
2 years ago
7

You deposit $2000 in an account earning 5% interest, compounded quarterly. How much will you have in the account after 13 years?

Mathematics
1 answer:
BabaBlast [244]2 years ago
8 0

Answer:

it should be  $81,990.98

Step-by-step explanation:

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Step-by-step explanation:

So, to go about your question, we must first ask, how many hours a week is being worked?

In this problem, that is 9 hours per week.

Next, we must question how much per week is made

That is $92 per week

Finally, we must determine if the allowance is occuring many times in the week or just once.

In this problem, that is only occuring once for the week.

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To solve the equation, we need to subtract 20 on both sides to isolate the variable, x.

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Now our equation is

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Now, to finally get x by itself or to isolate x, you should divide 9 on both sides to cancel out the 9 being multiplied by the x.

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I hope this helps, and I will answer any questions you have.

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