Answer:
D = $8637.45
Step-by-step explanation:
Rate = 3.65% = 0.0365
Principal = 5000
Time (t) = 15 years
N = 12 (since its compounded monthly)
Compound interest (A) = P(1 + r/n)^nt
A = 5000(1 + 0.0365 / 12)^15*12
A = 5000(1 + 0.00304)¹⁸⁰
A = 5000(1.00304)¹⁸⁰
A = 5000 * 1.7269
A = 8634.86
The investment would worth $8634.86
Note: the final answer may vary slightly from the answer in the options due to ± from approximation
Answer:
4/12 or 1/3
Step-by-step explanation:
Answer:
I think this answer is 12.5
Answer:
Step-by-step explanation:
1. not equivalent
2. not equivalent
3. fully simplified
4.not fully simplified
5. not fully simplified
6. not fully simplified
The answer would be the first one or 3y2, this is because it goes into each term evenly enough to simplify it.
