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soldi70 [24.7K]
3 years ago
8

Lainey puts $600 into a GIC for 5 years. The GIC pays 6.2% interest, compounded monthly. How much interest has she earned after

5 years?
Mathematics
1 answer:
Luden [163]3 years ago
4 0

Answer:

FV= $819.03

Step-by-step explanation:

Giving the following information:

Initial investment= $600

Number of periods= 5*12= 60 months

Interest rate= 0.062/12= 0.0052

<u>To calculate the future value of the investment, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 600*(1.0052^60)

FV= $819.03

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5 0
3 years ago
Pyramid A is a square pyramid with a base side length of 7 inches and a height of 6 inches. Pyramid B has a volume of 3,136 in?.
anygoal [31]

Answer:

WE HAVE FIND HOW MUCH MAY TIME BIGGER IS THE VOLUME OF PYRAMID B THAN PYRAMID A.

The answer is 32 times

Step-by-step explanation:

Volume of Pyramid B = 3136 in³

Volume of Pyramid A = ?

We have to find volume of Pyramid A. As Pyramid is a square pyramid, its volume is given as:

V=\frac{(b^2)(h)}{3}

where b = base = 7  and h = height = 6. Substitute the values:

V=\frac{7^2\cdot6}{3}\\V=98\\

Volume of Pyramid A = 98 in³

To find how many time B is bigger than A, divide volume of B by A:

\frac{3136}{98}=32

So, volume of Pyramid B is 32 times bigger than volume of Pyramid A

6 0
3 years ago
If using the method of completing the square to solve the quadratic equation x² - 16x - 38 = 0, which number would have to be ad
Ray Of Light [21]

Answer:64

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7 0
3 years ago
You buy a game for $40, and the sales tax is $2. What percent of the game price are you paying in sales tax? Your doctor told yo
AfilCa [17]

Answer:

a) 5%

b) 24%

Step-by-step explanation:

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Percentage you are paying in sales tax

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2 years ago
How do i find volume of cone
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