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LenaWriter [7]
3 years ago
14

$1200 is invested at 3% compounded quarterly. What is the total amount, to the nearest dollar, after 5 years?

Mathematics
1 answer:
Mekhanik [1.2K]3 years ago
8 0
The formula to calculate the amount is 1200(1+0.03/4)^5
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0=x^2-12x+20 solve by factoring.
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Step-by-step explanation:


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Answer:

5380839  infected

Step-by-step explanation:

Let's do the calculations day by day, we have:

Day 1

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Day 2

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Day 3

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9 ^ 3 + 9 ^ 2 + 9

Following the sequence would be:

Day 4

9 ^ 4 + 9 ^ 3 + 9 ^ 2 + 9

Day 5

9 ^ 5 + 9 ^ 4 + 9 ^ 3 + 9 ^ 2 + 9

 Day 6

9 ^ 6 + 9 ^ 5 + 9 ^ 4 + 9 ^ 3 + 9 ^ 2 + 9

Day 7

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Which means that in total there would be 5380839  infected

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3 years ago
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The first step would be to subtract 1 from both sides, leaving you with 5x = 10.
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