2 years ago

OMG LAST QUESTION IDNSKSNKSKNDLKNKNDK

Mathematics

1 answer:

Damm [24]2 years ago

7 0

Answer:

1. 38 gallons per gas, 2. $3.74 per gallon

Step-by-step explanation:

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Maya deposits $5000 into a checking account that pays 0.75% annual interest compounded monthly. What will be the balance after 8

Nana76 [90]

$~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$5000\\ r=rate\to 0.75\%\to \frac{0.75}{100}\dotfill &0.0075\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{monthly, thus twelve} \end{array}\dotfill &12\\ t=years\dotfill &8 \end{cases} \\\\\\ A=5000\left(1+\frac{0.0075}{12}\right)^{12\cdot 8}\implies A=5000(1.000625)^{96}\implies A\approx 5309.08$