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aalyn [17]
3 years ago
7

1. Alice invests $1000 at 2% interest compounded monthly over a 5 year period. Assuming no other money is deposited or withdrawn

, what is the total amount of money in her account after 5 years? (Round to the nearest cent)​
Mathematics
1 answer:
eduard3 years ago
6 0

Answer:

$1,105.08.

Step-by-step explanation:

Given that Alice invests $ 1000 at 2% interest compounded monthly over a 5 year period, assuming no other money is deposited or withdrawn, to determine what is the total amount of money in her account after 5 years, the following calculation must be performed:

X = 1,000 (1 + 0.02 / 12) ^ 5x12

X = 1,105.08

Thus, the amount of money in her account after 5 years would be $ 1,105.08.

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Elena-2011 [213]
The slope (m) = -13.

We can use the slope formula:

m = (y2 - y1) / (x2 - x1)

Let (x1, y1) = (7, 26)
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Plug in the values into the formula:

m = (y2 - y1) / (x2 - x1)
m = (-39 - 26) / (12 - 7)

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2 years ago
Tara has a large box of treats that weighs 9.0 pounds. She uses the large box of dog treats to make smaller bags, each containin
r-ruslan [8.4K]

Answer:

Step-by-step explanation:

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6 0
3 years ago
Help asap
enot [183]

Answer:

A = 94.985

Step-by-step explanation:

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4 0
2 years ago
How do you convert .3125 to 5/16
Lilit [14]

Answer: 625

Step-by-step explanation:

Here are the steps to convert .3125 into fraction form:

First we write .3125 as  

.3125

1

Now we multiply both the numerator and denominator by 10 for each digit after the decimal point:

.3125

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.3125 x 10000

1 x 10000

 =  

3125

10000

In order to reduce the fraction we find the Greatest Common Factor (GCF) for 3125 and 10000. Keep in mind a factor is just a number that divides into another number without any remainder.

The factors of 3125 are: 1  5  25  125  625  3125

The factors of 10000 are: 1  2  4  5  8  10  16  20  25  40  50  80  100  125  200  250  400  500  625  1000  1250  2000  2500  5000  10000

The Greatest Common Factor (GCF) for both 3125 and 10000 is: 625

3 0
2 years ago
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MakcuM [25]

Answer:

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Step-by-step explanation:

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\frac{60}{500} =\frac{12}{x}

2. Cross-multiply

500×12 = 60x

3. Simplify

6000 = 60x

4. Divide

100 = x

5 0
3 years ago
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