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patriot [66]
3 years ago
5

Melanie invests $8800 in a new savings account which earns 4.6% annual interest, compounded daily. What will be the value of her

investment after 6 years?
Mathematics
1 answer:
laila [671]3 years ago
7 0

Answer:

it would be valued at $11,597

Step-by-step explanation:

In this question, we are asked to calculate the value of an investment, 6 years on from now, given the annual interest , initial investment and time

Mathematically;

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

From the question, A = ?

P is initial investment = $8,800

r is rate = 4.6% = 4.6/100 = 0.046

n is number of times compounded = 365 since it is daily and we have 365 days in a year

t = time= 6 years

Now, we input these values into the equation;

A = 8,800 (1+ 0.046/365)^(365*6)

A = 8,800 (1+ 0.00012602739726)^2190

A = 8,800(1.00012602739726)^2190

A = $11,596.86

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Answer:

Step-by-step explanation:

Given that there are two vectors U = (-8,0,1)

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4 0
3 years ago
Use the equation to complete an algebraic proof that proves the answer is x = 7/6. Write your proof in your journal and upload y
dimaraw [331]

Answer:

Step-by-step explanation:

Show that if 3x – 7 = 5, then x = 4.

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x=4

Statements Reasons

1. 3x – 7 = 5 Given

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3. 3x + 0 = 5 + 7 Substitution of –7 + 7 = 0 into (2)

4. 3x = 5 + 7 Substitution of 3x + 0 = 3x into (3)

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8. x = 4 Substitution of 12⁄3 = 4 into (7)

Is there such a thing as being too descriptive? Yep, and that was it, since over half the proof was devoted to telling the reader how to do arithmetic. We'll typically take numerical computation for granted, and write proofs like this:

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3 years ago
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mars1129 [50]

Answer:

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Step-by-step explanation:

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Group together the 'c' terms in 2 + 7c – 4c2 – 3c + 4:

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We should reduce this by factoring -2 out of all three terms:

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3 0
3 years ago
If the discount is 36% and the sale price is $32 what was the original price
jok3333 [9.3K]

Answer:

89

Step-by-step explanation:

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89

8 0
3 years ago
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