Answer:
After 5 years, Cam's account will have $ 616.04 while Madison's account will have $ 638.53.
Step-by-step explanation:
Given that Cam and Madison were investing money into two different accounts, both investing $ 550 each, and Cam invested into an account at an annual interest rate of 2.7% compounded monthly while
Madison invested into an account that had an annual interest rate of 3% compounded quarterly, to determine the balances of both accounts after 5 years, the following calculations must be performed:
Cam
X = 550 (1 + 0.027 / 12) ^ 5x12
X = 550 (1 + 0.027 / 12) ^ 60
X = 616.04
Madison
X = 550 (1 + 0.03 / 3) ^ 5x3
X = 550 (1 + 0.03 / 3) ^ 15
X = 638.53
Thus, after 5 years, Cam's account will have $ 616.04 while Madison's account will have $ 638.53.
Answer:
a linear equation
Step-by-step explanation:
6n+5=3n+20
<u>collect like terms</u><u>:</u>
6n-3n=20-5
3n=15
<em><u>divide both sides with the coefficient of n</u></em>
3n÷3=15÷3
n=5
Answer:
5k+9
Step-by-step explanation:
Since it's a square, all four sides are equal so divide the equation of the total by 4.
20k/4=5k
36/4=9
The length of one side of the garden can be represented by the expression:
5k+9
It will be 0.0625 because you can use a calculator and do 14/224
