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mixer [17]
3 years ago
7

Yes invests $1500 that compounds interest monthly with a 4.5% rate. How much money will he have after the 12 years?

Mathematics
1 answer:
Soloha48 [4]3 years ago
3 0

Answer:

FV= $2,571.41

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $1,500

Interest rate (i)= 0.045/12= 0.00375

Number of periods (n)= 12*12= 144 months

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 1,500*(1.00375^144)

FV= $2,571.41

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V = 3.14 x 4^2 x 6/3       (remember r is 1/2 of the diameter)
V = 3.14 x 16 x 2
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3 years ago
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In the first game of the year, the modified basketball team made 62.5% of their foul shot free throws. Matthew made all 6 of his
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5 0
4 years ago
How many solutions does the following equation have 3(X + 9) = 2x + 54
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Answer:

One solution.

Step-by-step explanation:

3(x + 9) = 2x + 54

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8 0
3 years ago
What is the value of x , if y = 2<br>in the given equation ;<br><br>5x + 2y = 9​
Strike441 [17]
<h3><u>Explanation</u></h3>
  • Given the equation.

5x + 2y = 9

with given condition where y = 2.

Therefore, substitute the value of y in the equation.

5x + 2(2) = 9 \\ 5x + 4 = 9

  • Solve the equation for x-term.

5x = 9 - 4 \\ 5x = 5 \\ x =  \frac{5}{5}  \longrightarrow  \frac{1}{1}  \\ x = 1

  • Check the answer by substituting both x-value and given y-value in the equation.

5x + 2y = 9 \\ 5(1) + 2(2) = 9 \\ 5 + 4 = 9 \\ 9 = 9 \longrightarrow  \bf{true} \:  \green{ \checkmark}

Hence, the value of x is 1.

<h3><u>Answer</u></h3>

<u>\large{x = 1}</u>

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3 years ago
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