Answer: C. $5,470
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = $5000
r = 1.8% = 1.8/100 = 0.018
n = 4 because it was compounded 3 times in a year(12/4 = 3 times)
t = 5 years
Therefore,
A = 5000(1 + 0.018/4)^4 × 5
A = 5000(1 + 0.0045)^20
A = 5000(1.0045)^20
A = $5470 to the nearest whole number
Answer:
When you are "multiplying" exponents, you're really just adding them together. So in the case of (x² ⋅ x⁴), you add the exponents:
2 + 4 = 6
would be the answer.
On the other hand, raising a power to a power, is actually multiplying them. So it would just be:
2 ⋅ 4 = 8
would be the answer.
Answer:
12 minutes
Step-by-step explanation:
7.5 feet every minute
90 feet- x minutes
90/7.5- 12
:)
