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Morgarella [4.7K]
2 years ago
7

Paula has $3,281 in a savings account that earns 8% interest, compounded annually.

Mathematics
1 answer:
olga nikolaevna [1]2 years ago
8 0

Answer:

  • $262.48

Step-by-step explanation:

<u>Given:</u>

  • Saving amount P = $3281
  • Interest rate r = 8% or 0.08
  • Compound number n = 1
  • Time t = 1 year

<u>Find the total amount in 1 year:</u>

I = P(1 + r/n)^{nt}-PI = 3281*(1 + 0.08/1)^{1*1} -3281 = 3281*1.08 - 3281= 3281*0.08=262.48

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A rectangular pyramid has a volume of 160 cubic feet. Find two possible sets of measurements for the base area and height of the
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3 years ago
What is 965,000,000,000,000 in scientific notation? 
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3 years ago
In the figure below, mLJKM = 105°, mLLKM<br> 56°, and KN bisects LKM. Find m LIKN.
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Step-by-step explanation:

7 0
3 years ago
a geometric series where the first term is -12, the last term is -972, and each term after the first is triple the previous term
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Answer:

the geometric series is a(n) = -12(3)^(n-1)

Step-by-step explanation:

"Triple" denotes multiplication by 3.  Thus, the common factor here is 3.

The general formula for a geometric series is a(n) = a(1)(r)^(n-1), where a(1) is the first term, r is the common ratio.

Here, we have a(n)= (-12)(3)^(n-1) = -972.

We need to solve this for n, which represents the last term.

The first step towards solving for n is to divide both sides by -12:

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8 0
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