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Doss [256]
2 years ago
12

What is the Compound interest on a 10,000 investment the earns 6% compound monthlyfor5 years

Mathematics
1 answer:
Vlad1618 [11]2 years ago
8 0

Answer:

The total compound interest is $3,488.50, I hope I helped explain how to find total compound interest

Step-by-step explanation:

So the formula for this would be:

A = P(1+r/n)^nt

A = the amount of your principal plus interest, which is the total

P = stands for the principal, which is your original amount invested

r = shows the interest rate in decimal form

n =  stands for the number of compounding periods

So to solve for the compound interest we would plug in our numbers in replacement for the letters

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<u>Part A</u>

For fuel A, the exponential function is given as:

f(x) = 2.96(1.04)^x

An exponential function is represented as:

y = ab^x

Where b represents the rate.

By comparison

b = 1.04

Since b (i.e. 1.04) is greater than 1, then the price of fuel A is increasing.

<u>Part B</u>

The table represents an exponential function.

The rate of fuel B is calculated by dividing the current price by the immediate previous price.

So, we have:

b = \frac{3.41}{3.22}

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Hence, fuel B recorded a greater percentage change in price

Read more about exponential functions at:

brainly.com/question/11464095

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Mathematics-Algebric expressions and identity for class 8
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A 2-column table with 5 rows. The first column is labeled x with entries negative 4, negative 1, 0, 2, 3. The second column is l
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Based on the distance of the pitcher's mound from the home plate, the path of the ball, and the height the ball was hit, the distance the outfielder threw the ball is C. 183.0 ft.

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The distance the ball was thrown by the outfielder can therefore be d.

Distance is:

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= 182.9874

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