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SpyIntel [72]
3 years ago
14

4/5,3/10 =. Please help

Mathematics
1 answer:
KengaRu [80]3 years ago
5 0

Answer:

The answer would be 0,0754716981

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mario62 [17]
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4 0
3 years ago
Julien's parents want $64,000 at the end of 3 years. They put their money in an account that yields 10% per year compounded mont
Leto [7]

Answer: \$47,471

Step-by-step explanation:

Given

Julien's parents want $64,000 at the end of 3 years

The rate of interest is 10% annually

Suppose they invested P amount initially

So, compound interest, compounded monthly is

\Rightarrow A=P\left( 1+\frac{r}{n}\right)^{nt}\quad [\text{n=Numner of compounding periods}]\\\\\text{Insert the values}\\\Rightarrow 64,000=P\left( 1+\frac{0.10}{12}\right)^{12\times 3}\\\\\Rightarrow 64,000=P\left( 1+\frac{10}{12}\right)^{36}\\\\\Rightarrow P=\dfrac{64000}{1.3481}\\\\\Rightarrow P=\$\ 47,471.37\approx \$ 47,471

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2 years ago
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