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garik1379 [7]
3 years ago
7

Melanie invested $3,800 in an account paying an interest rate of 2 % compounded

Mathematics
1 answer:
GaryK [48]3 years ago
4 0

Answer:

.85

Step-by-step explanation:

Compound interest formula

PV(1+\frac{i}{n})^{nt}

Melanie:

3800(1+\frac{.02}{4})^{(6*4)\\}\\=3800(1+.005)^{24}\\3800*1.1272=4283.21

Sebastian:

3800(1+\frac{.02}{12})^{12*6}\\3800(1.0017)^{72}\\3800*1.1274=4284.06

4824.06-4283.21= .85

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<h3>What is probability?</h3>

It is defined as the ratio of the number of favorable outcomes to the total number of outcomes, in other words the probability is the number that shows the happening of the event.

We have:

Mary has 3 blouses (red, black, and white), 2 pairs of pants (black and blue), and 4 pairs of shoes (red, blue, black, and white).

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brainly.com/question/11234923

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