Answer:
D = $8637.45
Step-by-step explanation:
Rate = 3.65% = 0.0365
Principal = 5000
Time (t) = 15 years
N = 12 (since its compounded monthly)
Compound interest (A) = P(1 + r/n)^nt
A = 5000(1 + 0.0365 / 12)^15*12
A = 5000(1 + 0.00304)¹⁸⁰
A = 5000(1.00304)¹⁸⁰
A = 5000 * 1.7269
A = 8634.86
The investment would worth $8634.86
Note: the final answer may vary slightly from the answer in the options due to ± from approximation
<u>M</u><u>e</u><u>t</u><u>h</u><u>o</u><u>d</u><u> </u><u>1</u><u> </u><u>:</u>
replace x and y by their value 1 and 3
3 = 4(1) - 1 = 4-1 = 3
2(1) + 3 = 2 + 3 = 5
correct
<u>M</u><u>e</u><u>t</u><u>h</u><u>o</u><u>d</u><u> </u><u>2</u><u> </u><u>:</u>
y = 4x - 1
2x + y = 5
y = 4x - 1
y = -2x + 5
y - y = 4x - 1 - ( -2x + 5 )
0 = 4x - 1 + 2x - 5
6x - 6 = 0
6x = 6
x = 6/6 = 1
y = 4x - 1
y = 4(1) - 1
y = 3
correct
Answer:
A = P(1+r÷100)^n
where A is amount after some days
r is the rate
n is the number of years
p is the principle (the amount of money before the interest)
A = 5000 ( 1 + 12÷100)^5
A = 8811.70
A = 8812
Answer:
4.775
Step-by-step explanation:
