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egoroff_w [7]
2 years ago
5

You deposit $400 in an account earning 6% interest compounded annually. How much will you have in the account in 10 years?

Mathematics
1 answer:
Alenkasestr [34]2 years ago
6 0

Answer:

$716.34

Step-by-step explanation:

The Simple formula for compound interest:

P(1+\frac{r}{100} )^t

P = Principle Amount

r = Rate

t = Time

Substituting the numbers into the formula:

400(1+\frac{6}{100} )^{10}

= 716.339078617

≈ $716.34 (Rounded off to two decimal places)

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fgiga [73]

Answer:

Approximately 42 times larger

Step-by-step explanation:

The diameter of a sphere is 2,160 mm.

The diameter of a second sphere is 7,520 mm.

To see how many times larger is the diameter of second sphere is than the diameter of the second sphere, we divide to get:

k =  \frac{7520}{2160}

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To see how many times larger the volume is, we cube both sides

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2 years ago
2 significant digits for 8.45
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