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HACTEHA [7]
3 years ago
13

Please help me please help

Mathematics
1 answer:
ehidna [41]3 years ago
6 0
C bc I had that one on a test so
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Expand the logarithmic expression. <br> Log (base b) Square root 57/74
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Suppose you would like to save P9000 invested at 8% compounded quarterly for 5 years and 6 months. (Note: Round off your answer
Sever21 [200]

Answer:

a) 13913

b) 4913.82

Step-by-step explanation:

The compound interest formula is given by:

A(t) = P(1 + \frac{r}{n})^{nt}

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

In this question:

Investment of 9000, so P = 9000

Interest rate of 8%, so r = 0.08

Compounded quarterly, so n = 4

5 years and 6 months, that is, 5 years and half, so t = 5.5

(a) How much would the value of her savings at the end of the term?

A(t) = P(1 + \frac{r}{n})^{nt}

A(5.5) = 9000(1 + \frac{0.08}{4})^{4*5.5} = 13913.82

(b) How much is the interest earned by your savings?

The amount subtracted by the principal. So

13913.82 - 9000 = 4913.82

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