All categories

2 years ago

$5,000 is invested at a rate of 7% compounded monthly. Determine the final balance after 5 years.

Mathematics

1 answer:

VashaNatasha [74]2 years ago

4 0

Answer:11,256

Step-by-step explanation:

You might be interested in

How do you do this problem? Explain.

Elza [17]

Answer:

The charges will be the same after 4 hours.

Step-by-step explanation:

Total Amount = y

Number of hours = x for x > 2

Garage A: y = $7.00 + (x - 2)*3

Garage B: y = 3.25*x

Part 3: What is the cost to be equal?

3.25x = 7 + 3(x - 2) Remove the brackets

3.25x = 7 + 3x - 6 Collect terms on the right

3.25x = 3x + 1 Subtract 3x from both sides.

3.25x - 3x = 3x - 3x + 1 Combine

0.25x = 1 Divide by 0.25

0.25 x/0.25 = 1 / 0.25

x = 4 hours.

7 0

3 years ago

a van is traveling 64 7/8 miles per hour. an airplane is traveling 5 6/7 times faster. about how fast is the airplane traveling?

ValentinkaMS [17]

Answer:

it will be 736 speed faster than

7 0

3 years ago

What is the place value for 3 in 318,472,008

VikaD [51]

Salutations!

What is the place value for 318,472,008

The number 3 is in the place as hundred million.

In the numeric form, we can write the number as ------

300, 000, 000.

Hope I helped.

6 0

3 years ago

What are the coordinates of the vertex of the table? Is it a minimum or a maximum?

WITCHER [35]

I think the answer is maximum

5 0

3 years ago

What number should Rihanna use for the height of the parallelogram if she uses 28 inches for the base

astraxan [27]

Answer:

$Height = 7in$

Step-by-step explanation:

Given

See attachment for parallelogram

$Base = 28in$

Required

What is the height?

The opposite sides of a parallelogram are equal and the height is the distance between the parallel sides.

From the question, we have:

$Base = 28in$

Also from the question, the difference between the two parallel sides is 7in.

<em>Hence, the height of the parallelogram in 7in</em>

6 0

3 years ago