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Yakvenalex [24]
2 years ago
9

Edward Winslow deposited $20,000.00 into a savings account paying 6% annual interest compounded monthly. What amount will be in

the account after 6 years? How much compound interest will he have earned?
Mathematics
1 answer:
Ad libitum [116K]2 years ago
4 0

Answer:

$28360

Step-by-step explanation:

Step one:

Given data

P=20000

rate= 6%

time= 6years

Step two:

compound interest

A=P(1+r)^t

substitute

A=20000(1+0.06)^6

A=20000(1.06)^6

A=20000*1.418

A=$28360

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Explanation:

Given that one sphere has a radius of 11 feet.

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The formula to determine the volume of the sphere is given by

V=\frac{4}{3} \pi r^3

Volume of the 1st sphere is given by

V=\frac{4}{3}(3.14)(11)^3

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Volume of the 2nd sphere is given by

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The volume of the 2nd sphere is 2143.57 cubic feet.

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