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polet [3.4K]
3 years ago
13

Plz help due tomorrow

Mathematics
1 answer:
Harman [31]3 years ago
6 0

Answer:

(C)

Step-by-step explanation:

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Randall has an account balance of $675.54 in a savings account that earns interest at a rate of 2.5% compounded twice a year. If
Alex_Xolod [135]
To calculate amount accrued after a given period of time we use the compound interest formula: A= P(1+r/100)∧n where A i the amount, P is the principal amount, r is the rate of interest and n is the interest period.
In the first part; A= $ 675.54, r= 1.25% (compounded semi-annually) and n =22 ( 11 years ),  hence, 675.54 = P( 1.0125)∧22
   = 675.54= 1.314P
 P= $ 514.109 , therefore the principal amount was $ 514 (to nearest dollar)
Part 2
principal amount (p)= $ 541, rate (r) = 1.2 % (compounded twice a year thus rate for one half will be 2.4/2) and the interest period (n)= 34 (17 years×2)
Amount= 541 (1.012)∧34
             = 541 ×1.5
             = $ 811.5
Therefore, the account balance after $ 811.5.

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3 years ago
-x=2-3x+3<br> Help me solve this
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I got the answer x=5/2
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Which equation has the same solution as 2x^2+16x-10=0
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Help me plz, thanks.
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