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3 years ago

Select the correct answer.

Mathematics

1 answer:

vodomira [7]3 years ago

3 0

Answer: -30

Step-by-step explanation:

-30 bc it has the same functions.

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The area of the rectangle and triangle and trapezoid?

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nadezda [96]

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10.5

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Company X has $128,000 in a saving account that pays 6% interest per year. How much interest will earn at the end of 1/2 year?

Ludmilka [50]

Answer:

3% interest

$171392

Step-by-step explanation:

128000 x 0.03 = 171392

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3 years ago

Find the savings plan balance after 2 years with an APR of 4% and monthly payments of $250. The balance is $ (Do not round until

alexdok [17]

Answer:

$6,506.51

Step-by-step explanation:

Recall that increasing an amount C in x% is equivalent to multiply it by (1+x/100)

As we have 4% APR, the monthly interest would be (4/12)% = 0.04/12

Month 0 (first payment)

$250

Month 1

$250 + 250 \frac{0.04}{12}= 250(\frac{12.04}{12})$

Month 2

$250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2)$

Month 3

$250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3)$

Month 24 (2 years)

$250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3+...+(\frac{12.04}{12})^{24})$

The sum

$1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3+...+(\frac{12.04}{12})^{24}$

is the sum of the first 24 terms of a geometric sequence with common ratio $\frac{12.04}{12}$ which is

$\frac{1-(12.04/12)^{25}}{1-(12.04/12)}=26.02603071$

so, after 2 years the saving balance is

250*26.02603071 = 6,506.50767= $6,506.51 rounded to the nearest cent.

6 0

3 years ago