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Question
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Split the fraction on the left
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Take away h/5 from both sides
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Change the denominator to be the same
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Put it into single fraction
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Rearrange (This step may not be necessary)
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The answer is a)
Let me know if you need an explanation
The amount you should deposit is $4709.18
Step-by-step explanation:
The formula for compound interest, including principal sum is
, where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount
- r is the annual interest rate in decimal
- n is the number of times that interest is compounded per unit t
- t is the time the money is invested or borrowed for
∵ You want to have $5000 in your savings account in 2 years
∴ A = 5000
∴ t = 2
∵ The account pays 3% annual interest, compounded monthly
∴ r = 3% = 3 ÷ 100 = 0.03
∴ n = 12 ⇒ compounded monthly
- Substitute these values in the formula above
∴ 
∴ 
∴ 
- Divide both sides by 
∴ P = 4709.18
The amount you should deposit is $4709.18
Learn more:
You can learn more about the compounded interest in brainly.com/question/2514241
#LearnwithBrainly
Step-by-step explanation:
first factorise the denominator
Answer:
Bottom Left Choice
Step-by-step explanation:
If you look at the points, they are traveling up and to the right. So is the line in the graph. Also, the line in the graph is closer to more dots than the others.