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3 years ago

15

Please I need help with this

1 answer:

Vera_Pavlovna [14]3 years ago

6 0

Step-by-step explanation:

The x are the values that you have been given

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Step-by-step explanation

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Which fraction is equivalent to 0.3636...

NNADVOKAT [17]

A = 0.363636 ...
a = 0.(36)
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George’s parents are saving for his college fund. they put $5,000 into an interest bearing account with a compound interest rate

sergey [27]

so hmmm is compound interest, now, we'll be assuming the compounding period is per year, or annually, so it happens once per year.

$~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$5000\\ r=rate\to 5.5\%\to \frac{5.5}{100}\dotfill &0.055\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &15 \end{cases} \\\\\\ A=5000\left(1+\frac{0.055}{1}\right)^{1\cdot 15}\implies A=5000(1.055)^{15}$

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2 years ago