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andre [41]
2 years ago
8

you deposit $2000 in an account earning 3% interest compounded monthly. How much will you have in the account in 10 years?

Mathematics
1 answer:
Hitman42 [59]2 years ago
8 0
If it’s 3% that’s 36% a year which means 360% in ten years. $2000+360%=$9200
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sweet-ann [11.9K]

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4 0
3 years ago
A town has a population of 20000 and grows at 4% every year. What will be the population after 6 years, to the nearest whole num
zaharov [31]

Answer:

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Step-by-step explanation:

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r=\text{rate = }4\% = 0.04

r=rate = 4%=0.04

\text{Exponential Growth:}

Exponential Growth:

b=1+r=1+0.04=1.04

b=1+r=1+0.04=1.04

\text{Write Exponential Function:}

Write Exponential Function:

y=20000(1.04)^x

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x

 

Put it all together

\text{Plug in time for x:}

Plug in time for x:

y=20000(1.04)^{6}

y=20000(1.04)  

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y= 25306.38037

y=25306.38037

7 0
2 years ago
I have no idea how to do this, can someone please help?
Sveta_85 [38]
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[ f(x) = 5/-3x + b] 
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Answer: It should be 18...(Multiple of 9)

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