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elena55 [62]
2 years ago
15

Your friend deposits $8,000 in an investment account that earns 2% annual interest. Find the balance after 10 years when the int

erest is compounded monthly.
Mathematics
1 answer:
Vlada [557]2 years ago
5 0

Answer:

$9,769.60

Step-by-step explanation:

A = 8000[1 + (.02/12)]^12·10

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If Gage gets 40 bucks a month how much months would it take him to get 300 bucks.
USPshnik [31]

Answer:

7 to 8 months / most probably 8 months

7.5 months to be exact

Step-by-step explanation:

Hi there!! Let's work!

So lets Break it down,

Given: $40 every month

Prove: How many months till he has in total $300

----------------------------------------------------------------------------------------------

<h2>We need to multiply the number of months to 40 to get 300</h2>

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

<h3>So lets refer to a multiplication chart to make it easier:</h3>

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<h3>Here is an example of the equation we will use:</h3>

<u>400 x (months) = $300 / (or how much ever we get)</u>

```````````````````````````````````````````````````````````````````````````````````````````````````````````````````````

<h2>As you can see: </h2>

We have 2 final equations because we don't have a straight forward answer. (Refer to explanation below)

40 x 7 = 280

and

40 x 8 = 320

---------------------------------------------------------------------------------------------------------

So in problems like these we have to think like we would in real life, if you have an option you can write 7 to 8 months or you should write 8 instead of seven since they may be asking for a specific amount of months and after 8 months Gage will reach (surpass) his goal of $300 by $20.

`````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````

If you learned from my answer please rate it below from a scale of 1 to 5 using the stars to let me know how well you learned from my answer.

Make sure to also press the like button (Thanks button) if you really liked my answer / explanation

If it was incorrect or you didn't learn from it please review my answer accordingly (report if incorrect)

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I only want to spread knowledgeable and truthful information let me know if it is incorrect or not helpful so I / Brainly can take it down.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

<h3>Lastly, If your the owner of this question please mark me Brainliest if you really learned from my answer I really do appreciate it.</h3>

<h2>THANK YOU :)  </h2>

8 0
2 years ago
How many and what type of solutions does the equation have?<br> 5y2 = 187 – 4
Gennadij [26K]

Answer:

Two solutions.

5 0
3 years ago
Chen can ride his bike 3 miles in 15 minutes. How long will it take chen to ride 18 miles
RUDIKE [14]

Answer:

15*6 = 90 minutes (1 hour and 30 minutes)

Step-by-step explanation:

3 0
2 years ago
How would I factorise xy-4x +3y-12
morpeh [17]

Answer:

Factor xy−4x+3y−12

xy−4x+3y−12

=(y−4)(x+3)

hope this helps :D!!

6 0
2 years ago
Please need it ASAP I’ll give you 80points
Nookie1986 [14]

Answer:

the 2nd one is the answer

Step-by-step explanation:

the other question answer is 6x/x+ (-8) and 9x/x + (-8)

I really hope this helps

3 0
2 years ago
Read 2 more answers
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