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Temka [501]
3 years ago
6

Landry earned $2,300 over the summer and decided to invest it in an account that earns 4% annual compound interest. If Landry do

es not make any other deposits or withdrawals, how much will be in her account after 20 years?
Mathematics
2 answers:
solniwko [45]3 years ago
6 0

Answer:

Landry will have $5039.58

Step-by-step explanation:

compound interest formula: amount = p(1 + \frac{r}{n})^{nt}

p= principal ($2,300)

r= interest rate as a decimal (4% = 0.04)

n= number of times the principal is compounded per year (annually = once per year so 1 time per year)

t= time in years (20 years)

new equation: amount = 2300(1+\frac{0.04}{1} )^{1*20}

That equation equals $2,739.58 which you add to the principal.

$2,739.58 + $2,300 = $5039.58

hope this helps :) the equations aren't showing up right :(

Lemur [1.5K]3 years ago
4 0
She would have $5039.58 in her account after 20 years
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The required value after simplification of the s = -16/3. None of these are correct.

Given that,
To simplify [\frac{x^{2/3}x^{-1/2}}{x\sqrt{x^3}\sqrt[3]{x}}]^2   and to find the value of s in x^s.

<h3>What is simplification?</h3>

The process in mathematics to operate and interpret the function to make the function simple or more understandable is called simplifying and the process is called simplification.

Simplification,

=[\frac{x^{2/3}x^{-1/2}}{x\sqrt{x^3}\sqrt[3]{x}}]^2\\= \frac{x^{4/3}x^{-1}}{x^2x^3*{x}^{2/3}}\\= \frac{x^{1/3}}{x^{17/3}}\\=x^{-16/3}
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