Answer:
The balance of account at the end of 36 years is $31,849.29
Step-by-step explanation:
We are given the following in the question:
P = $3,300
r = 6.5% = 0.065
t = 36 years
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years and n is the nature of compound interest.
Since interest is compounded annualy we use n = 1
Thus, balance of account at the end of 36 years is $31,849.29
If a graph is proportional then the line will go through the origin at point (0, 0). If the equation is proportional then it will be in the form of y=kx with no other operations after. The constant of proportionality is another way to say the slope and in your specific equation the slope would be 1/5.
Answer:68.27%
Step-by-step explanation:
TI84
2nd distr
normalcdf(89,97,93,4)
The answer is the first one
There are 12 thousands, so we put that in the thousands place
12,000
now add it to 12 in the thousandths place
0.012
12,000.012
