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Elena L [17]
3 years ago
11

You deposit $500 in a savings account that earns 2.5% interest compounded yearly. Find the balance in the account after 1 year.

Be sure your answer has a dollar sign. For example: $150.80 *
Mathematics
1 answer:
Viktor [21]3 years ago
4 0

Answer:

$512.5

Step-by-step explanation:

Given data

P= $500

R=2.5%

T= 1 year

The compound interest formula is

A=P(1+r)^t

substitute

A=500(1+0.025)^1

A=500(1.025)

A=500*1.025

A=$512.5

Hence the balance is $512.5

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Step-by-step explanation:

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2. Sandy made several investments. She bought 1000 shares of a company’s stock for $8.60/share, she bought a bond with a face va
vampirchik [111]
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3 years ago
Math practice <br> Will give brainest if correct
svetoff [14.1K]

Answer:

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Step-by-step explanation:

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5 0
3 years ago
The average of five distinct scores has the same value as the median of the five scores. The sum of the five scores is 420. What
givi [52]

Answer:

The sum of five scores that is not the median is, 336

Step-by-step explanation:

Average defined as the  the sum of the observation to the total number of the observation.

Given: The sum of the five scores is 420

Then, by definition of average;

Average of five distinct score = \frac{420}{5} = 84

It is also, given that the average of five distinct scores has the same value as the median of the five scores.

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Since, scores are distinct, therefore

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therefore, the sum of five scores that is not the median is, 336

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3 years ago
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Please that is the answer

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