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Mice21 [21]
3 years ago
14

Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that ti

me. a. How much interest will she have earned at the end of 6 years? She will earn $2,700 interest b. What will the balance be when she is finally able to withdraw her money?
Mathematics
1 answer:
koban [17]3 years ago
5 0

Answer: a. $2700

b. $10200

Step-by-step explanation:

a. The interest she would have earned at the end of the 6 years can be gotten using the formula

= PRT/100

= $7500 × 6% × 6

= $7500 × 6/100 × 6

= $7500 × 0.06 × 6

= $2700

b. Her balance when she wants to withdraw the money would be:

= $7500 + $2700

= $10200

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Answer:

Step-by-step explanation:

Let amount now be x , meaning principal is x

and the amount later A is 2x

A = P(1+r/n)^nt

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2x = x (1 + 0.06/12)^12t

divide through by x

2 = (1+ 0.005)^12t

2 = (1.005)^12t

Take log of both sides

log 2 = 12t log 1.005

12t = log2/log 1.005

12t = 138.975721610697

t = 138.975721610697/12

t = 11.58

t = 12 years

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Step-by-step explanation:

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3 years ago
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Liula [17]

Answer: 49+64i

Step-by-step explanation:

Concept to know:

i=√-1

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-------------------------------------

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Hope this helps!! :)

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