Answer:$6451.6 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.2%. So
r = 7.2/100 = 0.072
It was compounded for 3 years. So
t = 3
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. A is given as $8000 Therefore,
8000 = P (1+0.072/12)^12×3
8000 = P(1+0.006)^36
8000 = P(1.006)^36
P = 8000/1.24
P = $6451.6
Answer: 7
Step-by-step explanation:
Answer:
x + 5 * 4
In this problem we have to transfer the expression from verbal to mathematical language. Which would be:
x + 5 * 4
"x" represents "a number"
"5 more than a number" is represented by "x + 5"
"the product of" is indicating a multiplication, which is represented by "*"
Hope it helped,
BioTeacher101
Answer:
7*5 + -29
Step-by-step explanation:
She makes 7 payments of 5 to the store
7*5
Then she gets 29 dollars back so that would be negative
+ -29
7*5 + -29
35 -29
She has paid 6 dollars to the store
Answer:
28.3 that's the answer
Step-by-step explanation:
