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Vadim26 [7]
3 years ago
14

Cary's is checking her tax bills for the last year

Mathematics
1 answer:
lara [203]3 years ago
7 0

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if an amount of $5,000 is deposited into a savings account at an annual interest rate of 5%, compounded monthly, what is the val
Ugo [173]

Answer:

$8,240

Step-by-step explanation:

We are given that,

Principle amount in the savings account, P = $5,000.

Rate of interest, r = 5% = 0.05

Time period, t = 10

Also, the interest is compounded monthly, n = 12

As, we now that the value of the investment is given by P(1+\frac{r}{n})^{nt}

Thus, we have,

Investment Value = 5000(1+\frac{0.05}{12})^{12\times 10}

i.e. Investment Value = 5000(1+\frac{0.05}{12})^{12\times 10}

i.e. Investment Value = 5000(1+0.00417)^{120}

i.e. Investment Value = 5000\times 1.648

i.e. Investment Value = $8,240

Hence, the investment amount after 10 years is $8,240.

5 0
3 years ago
I need help with this question
sasho [114]

a+b= 8+24=32

Ab=8 x 24= 192

B/a= 24:8=3

(a+b)²=(8+24)² =64+576+384= 1024

Pls mark as brainliest

7 0
3 years ago
Read 2 more answers
If Logx (1 / 8) = - 3 / 2, then x is equal to <br> A. - 4 <br> B. 4 <br> C. 1 / 4 <br> D. 10
Basile [38]
The answer to this  is b
5 0
3 years ago
sofie and josh made 17 ounces of dough. they used 5/8 of the dough to make a pizza and used the rest to make calzones. what is t
fenix001 [56]
Answer=4.25 ounces or 4 1/4 ounces

17 ounces of dough

Amount used for pizza=17*5/8=10.625ounces

Amount used for calzones=17*3/8=6.375 ounces

amount used for pizza- amount used for calzones=
10.625-6.375=4.25ounces
4 0
4 years ago
Read 2 more answers
Which expression is equivalent to (x^1/2y^16)^1/2
Irina-Kira [14]
Xy^16 / 4

I don't really know how to explain it, but this is the answer
5 0
4 years ago
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