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aliina [53]
3 years ago
12

If $500 were deposited into an account paying 5% interest, compound monthly, how much would be in the account in 4 years?

Mathematics
1 answer:
sashaice [31]3 years ago
4 0

Answer:

610.48

Step-by-step explanation:

The formula for compound interest is

A = P(1+r/n) ^nt  where

A is the amount in the account

P is the principle

r is the interest rate

n is the number of times the interest is compounded per year

t is the time in years

A = 500(1+.05/12) ^12*4

A = 500(1+.0041666666) ^48

A = 500(1.0041666666) ^48

A = 500*1.220895355

A =610.4476775

Rounding to the nearest cent

A = 610.48

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Answer:

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c. Attached graph

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Step-by-step explanation:

* Lets study the rule of motion for an object with constant acceleration

# The distance S = ut ± 1/2 at², where u is the initial velocity, t is the time

  and a is the acceleration of gravity

# The vertical distances h in x second is h(x) - h(0), where h(0)

   is the initial height of the object above the ground

∵ h(x) = vx + 1/2 ax², where h is the vrtical distance, v is the initial

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* At the maximum height h'(x) = 0

∵ h'(x) = -32x + 128

∴ -32x + 128 = 0 ⇒ subtract 128 from both sides

∴ -32x = -128 ⇒ ÷ -32

∴ x = 4 seconds

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- Substitute this value of x in the equation of h(x)

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19)

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