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Oduvanchick [21]

3 years ago

11

Your grandparents started a savings account with $10,000 the day you were born. It earns 5% annually compounded monthly. How muc

h will you have when you turn 18?

1 answer:

WITCHER [35]3 years ago

7 0

Answer: You will have $24,551.84 when you turn 18.

Step-by-step explanation:

Formula for accumulated amount earned in t years:

$A=P(1+\dfrac{r}{12})^{12t}$ , where P = principal value, r = rate of interest

Given: P= $10000, r = 5% t = 18 years.

Substitute all values in formula, we get

$A=10000(1+\dfrac{0.05}{12})^{12\times18}\\\\=10000(1.004167)^{216}\\\\=10000(2.45518445623)\approx24551.84$

Hence, you will have $24,551.84 when you turn 18.

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Step-by-step explanation

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3 years ago

N is an integer.<br><br> Write the values of n such that -15<3n≤6

BabaBlast [244]

Answer:

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Step-by-step explanation:

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8 0

3 years ago

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Ann [662]

Judging by the question you have provided I came to the conclusion that you have already solved your own problem!

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Hope this helped!
-Blake

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Kaylis [27]

$\Rightarrow$

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$\Leftarrow$

Suppose $aH=Ha$ for all $a\in G$ . Let $h\in H$ , we have to prove $aha^{-1} \in H$ for every $a\in G$ . So, let $a\in G$ . We have that $ha^{-1} =a^{-1}h'$ for some $h'\in H$ (by the hypothesis). hence we have $aha^{-1}=h' \in H$ . Because $a$ was chosen arbitrarily we have the desired .

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3 years ago

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maksim [4K]

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3 0

4 years ago