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Troyanec [42]
3 years ago
15

Jane deposited $10,000 into her bank account in December, 2011. Her account earns interest at a rate of 3% compounded monthly. H

ow much money will she have in December of this year (2019)?
Round your answer to the nearest whole number.

Compound Interest Equation:

A=P(1+r/n)^nt
Mathematics
1 answer:
pantera1 [17]3 years ago
7 0

Answer:

$12,709

Step-by-step explanation:

P = $10,000

r = 3% = 0.03

t = 8 Years

n = Compounded Monthly = 12

A = P [1 + (r / n)]^nt

A = $10,000 [1 + (0.03 / 12)]¹² ˣ ⁸

A = $10,000 [1 + 0.0025]⁹⁶

A = $10,000 [1.0025]⁹⁶

A = $10,000 x 1.270868

A = $12,709

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Answer:

coach soto

Step-by-step explanation:

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7 0
3 years ago
You earn $9.50 per hour at your summer job. Write and solve an inequality to find the number of hours you need to work to buy a
masha68 [24]
Let
h
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Now, we know the pay for one hour of work is
$
9.50
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h
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we want at LEAST
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247
(but it's okay if we have more). So, we'll be using
≥
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So, our inequality is
9.50
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≥
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To solve, we simply divide both sides by
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:
h
≥
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h
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26

You need to work at least
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3 0
3 years ago
What are the x-intercepts for the function shown in the graph?
rjkz [21]

Answer:

-1 and 3

Step-by-step explanation:

The x intercepts are where the graph crosses the x axis.

Looking at the graph it crosses at two points

x = -1 and x=3

4 0
3 years ago
Read 2 more answers
Which is bigger?83 ft or 786 in?
Rom4ik [11]
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8 0
4 years ago
Read 2 more answers
F(1)=−71<br><br> f(n)=f(n−1)⋅4.2<br><br> Find an explicit formula for f(n).
Vinil7 [7]

Answer:

The explicit formula for f(n) is:

f(n) = -71 \cdot 4.2^{n-1}

Step-by-step explanation:

The explicit formula is described by the following geometrical progression:

f(n) = -71 \cdot 4.2^{n-1}

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3 years ago
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