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vladimir1956 [14]
2 years ago
8

If 2000 is placed into a bank account that pays 3% compound interest per year, how much will be in the account after 2 years?

Mathematics
1 answer:
Alex17521 [72]2 years ago
8 0

Answer:

2,120 or 2,121.8

Step-by-step explanation:

It depends on the answers

3% of 2,000 is 60 dollars you add the 60 dollars to the bank account 2000 + 60 = 2060 3% of 2060 is 61.8

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The population of a certain country is expected to double every 32 years. The population of this country was 4.2 million people
mojhsa [17]

Answer:

2.2%

Step-by-step explanation:

Given the following :

Population in year 2000 (A) = 4.2 million

Expected population every 32 years = 2 *A

The growth rate per year =?

The population figure after 32 years = (2 * 4.2 million) = 8.4 million

Using the exponential growth formula :

P(t) = A × (1 + r)^t

(1 + r) = g = Total growth percent

A = Initial population

t = time

P(t) = 8.4 million

8,400,000 = 4,200,000 × g^32

g^32 = (8400000/4200000)

g^32 = 2

Taking the root of 32 on both sides

g = 1.02189714865

g = (1 + r)

1.02189714865 = 1 + r

r = 1.02189714865 - 1

r = 0.02189714865

.rate = 0.02189714865 * 100

= 2.18971486541%

= 2.2% ( nearest tenth)

4 0
3 years ago
An ice cream sandwich has a length of 4 inches, width of 2 1/2 inches, and height of 3/4 inches.What is the volume of the ice cr
dsp73

Answer:

7.2 is your answer:)

Step-by-step explanation:

8 0
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