Answer:
6745.09
Step-by-step explanation:
If we assume the nominal annual interest rate is 5%, then the future value after 6 years is ...
FV = P(1 +r/12)^(12·t)
for P = 5000, r = .05, t = 6.
Doing the arithmetic, we get ...
FV = 5000(1 +.05/12)^(12·6) ≈ 6745.09
After 6 years, the bank account will be worth 6745.09.
_____
We made a comment about the interest rate, because the annual <em>yield</em> is about 5.116%. If the <em>annual yield</em> is actually 5%, then the account value is lower: $6700.48. (Monthly compounding is irrelevant in that case, because it is already figured into the yield.)
Usually, the wording would be that the account <em>earns</em> 5% interest compounded monthly.
Answer:
Lien: $26300 Her husband: $24700
Step-by-step explanation:
x+(x+1600)=51000
2x+1600=51000
2x=49400
x=24700
Her husband earned 24700
24700+1600=26300
Lien earned 26300
Answer:
Step-by-step explanation:
Division operation of function:
Example:
4x + 15 = 6x - 1
x = 8
m∠JLC = 47°
Answer:
The answer to your question is cost of 0.6 pound of candy $4.17
Step-by-step explanation:
Data
1 pound of candy = $6.95
only 0.6 pounds
final cost = ?
Process
1.- Use proportions to find the cost of 0.6 pounds of candy
1 pound of candy -------------- $6.95
0.6 pound of candy ---------- x
2.- Use cross multiplication
x = (0.6 x 6.95) / 1
3.- Simplification and result
x = $ 4.17
