Ask question

Ask question

All categories

3 years ago

14

Suppose that $6500 is placed in an account that pays 17% interest compounded each year. Assume that no withdrawals are made from

the account.

1 answer:

MatroZZZ [7]2 years ago

4 0

Answer: $7,605

Step-by-step explanation:

At the end of 1 years, the amount in the account will be:

= Principal * (1 + rate)^ no. of periods

= 6,500 * (1 + 17%)

= $7,605

You might be interested in

To which rational number subset(s) do the following numbers belong?

Murrr4er [49]

Answer:

D. Natural Numbers, wholes, and integers.

5 0

2 years ago

Read 2 more answers

Find the quotient of 88 and 11

True [87]

Quotient would be 8 because 88 divided by 11 is 8.

hope this helped :D

6 0

3 years ago

Which of the following is an example of exponential growth or decay?

Effectus [21]

Answer:

Since in option B, the bacteria are growing exponentially, B would be the correct answer to this question.

Step-by-step explanation:

7 0

3 years ago

Find the value of x.

Lemur [1.5K]

Answer:

137

Step-by-step explanation:

6 0

2 years ago

<img src="https://tex.z-dn.net/?f=%283%29%2F%28%5Csqrt%2873%29%29%20in%20simpest%20radical%20form" id="TexFormula1" title="(3)/(

maxonik [38]

Answer:

the answer is $\frac{3\sqrt{73} }{73}$

Step-by-step explanation:

If you have any questions feel free to ask - Mark

7 0

3 years ago