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 
Thus, we have,
Investment Value = 
i.e. Investment Value =
i.e. Investment Value = 
i.e. Investment Value = 
i.e. Investment Value = $8,240
Hence, the investment amount after 10 years is $8,240.
Okay so you have the question What is 1.06 as a mixed number in simplest form?
So, let us begin okay so 1.06 = 106/100 which then we will simplify to 53/50 and then you can simplify it one more time all the way down to it's simplest form of 1 3/50
Hope i helped
Cheers,
Belive1234
Answer:
the answer is 7
Step-by-step explanation:
Add the same term to both sides of the equation
-x=7x-56
−x=7x−56
−x−7x=7x−56−7x
Life expectancy of dollar bill = d
life expectancy of coin = c
d = 1/20 c
substitute value in for c (30)
d = 1/20 * 30
d = 30/20
d = 1.5
life expectancy of a dollar bill = 1.5 years
