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2 years ago

5

If an individual saves $5,700 and elects to place the total dollar amount into a savings account earning 2.75% APR compounded mo

nthly, how much will the original deposit grow to in 12 years?

1 answer:

Naddika [18.5K]2 years ago

7 0

Answer:

$7,925.53

Step-by-step explanation:

We'll have to use the compound interest formula: A = P(1 + r/n)ⁿˣ

A = final amount (?)

P = starting amount (5700)

r = rate

n = times applied (12 since its monthly and there 12 months in a year)

x = years (12)

A = 5700(1 + 0.0275/12)¹⁴⁴

A = 7925.525498629932

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2 years ago

Find the vectors T, N, and B at the given point. r(t) = < t^2, 2/3t^3, t >, (1, 2/3 ,1)

maxonik [38]

Answer with Step-by-step explanation:

We are given that

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Now, substitute t=1

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$N(1)=$

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$B(1)=i(\frac{-4}{9}-\frac{2}{9})-j(\frac{-4}{9}+\frac{1}{3})+k(\frac{4}{9}+\frac{2}{9})$

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2 years ago

kate buys 10 ticket to show. She also pays a 5$ parking fee. she spent $35 to see the show. What equation is this

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2 years ago

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A block is set in motion hanging from a spring and oscillates about its resting position

coldgirl [10]

Answer:

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Step-by-step explanation:

This problem is much more easily done by graphing it than by computing it using algebra.

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According to the graph, this is true when t = 1.277 seconds and t = 2.848 seconds.

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3 years ago

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