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laila [671]
2 years ago
13

$1689 invested for 4 years at 3% compounded annually ?

Mathematics
1 answer:
Ira Lisetskai [31]2 years ago
5 0

The amount gotten after $1689 invested for 4 years at 3% compounded annually is $1901

The amount of money gained after an investment is compounded is given by:

A=P(1+\frac{r}{n} )^{nt}

Where P is principal, A is the final amount, r is the rate, n is the number of times compounded per period and t is the time

Given that P = $1689, t = 4, r = 3% = 0.03, n = 1, hence:

A=P(1+\frac{r}{n} )^{nt}\\\\A=1689(1+\frac{0.03}{1} )^{4*1}\\\\A=\$1901

The amount gotten after $1689 invested for 4 years at 3% compounded annually is $1901

Find out more at: brainly.com/question/14295570

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There is no answer to this because:

Any digit repeating like that would usually be ?/9

Example: 0.1 repeating = 1/9

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But 0.9 repeating? There should not be a fraction for that.

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Michelle.

Step-by-step explanation:

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Remember to find the line, you need to use the formula y=mx+b. The m stands for slope while the b is the y-intercept. For D'Andre's y-intercept we can see that it's 0 and the slope is 2 (you can find it by doing rise/run). His equation is y = 2x.

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Unlike D'Andre's graph, she already has the equation, except that it isn't in the easiest form. To get it back to what it was, add 12x to the other side of the equation:

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**Just in case you didn't know, the 100 just means that's how much money she had started out with.

Plug in 500 for y: 500 = 12x +100

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Sam has a table for his account, so we need to subtract some of the y coordinates to find his slope. Using 60 and 45 difference, we get 15. Looking at the table I can tell that is the slope because 15 is continually being added. To find his y - intercept, we need to look when his x coordinates was a 0. Therefore, his y-intercept is 60. His equation is y = 15x + 60

Plug in 500 for y: 500 = 15x + 60

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Last we have Michelle. Since she started with 25 dollars, that'll be her y-intercept. It also says that she is depositing 25 dollars per month, meaning 25 is her slope. Her equation should look like y = 25x + 25.

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It'll take Michelle 19 months to get $500.

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