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3 years ago

What is the future value of an account if $3,000 is invested at a rate of 8% compounded monthly

Mathematics

1 answer:

Hatshy [7]3 years ago

4 0

Answer:

≈$12601.72

Step-by-step explanation:

Use the compounded interest formula:

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

In our case,

P = 3000

r = 8% = 0.08

n = 12 (months per year)

t = 18 (years in total)

Therefore, A ≈ $12601.72 (2.d.p.)

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There are five students wearing glasses. There are three more boys than girls wearing glasses. On your worksheet, solve the ques

Llana [10]

Answer:

Four boys and one girl.

Step-by-step explanation:

Total students wearing glasses = 5

Separate the students by x and x + 3. It is x + 3 for the boys because there are three more boys wearing glasses.

Girls = x

Boys = x + 3

Total = 5

<u>Calculate:</u>

x + x + 3 =5

2x + 3 =5

2x = 2

x = 1

Boys wearing glasses = (1) + 3 = 4

Girls wearing glasses = 1

3 0

4 years ago

HELP GARY PLEASE HELP

il63 [147K]

These the the the the the the the the

5 0

4 years ago

Angel is trying to decide which parking garage to use. Polite's parking charges a flat fee of $2 plus $4 per hour. Gray's garage

Travka [436]

$\text{Turn the scenarios into equations:}\\\\\text{Polite's parking:}\\\\y=4x+2\\\\\text{Gary's garage:}\\\\y=2x+8\\\\\text{To find when the parking costs the same, solve the expressions together:}\\\\4x+2=2x+8\\\\\text{Solve for x:}\\\\4x+2=2x+8\\\\\text{Subtract 2x from both sides}\\\\2x+2=8\\\\\text{Subtract 2 from both sides}\\\\2x=6\\\\\text{Divide by 2}\\\\x=3\\\\\boxed{\text{In 3 hours, the cost will be the same}}\\\\$

$\text{To find the cost, plug in 3 to x in one of the equations:}\\\\y=4(3)+2\\\\y=12+2\\\\y=14\\\\\boxed{\text{The cost would be \$14}}$

8 0

3 years ago

The circumference of a circular garden is approximately 24 feet. What is the approximate area inside the circular garden? What i

diamong [38]

Answer:

45.86 ft²

Step-by-step explanation:

Circumference of a circle = 2 * pi * r

Circumference = 24

24 = 2 * 3.14 * r

24 = 6.28r

r = 24 / 6.28

r = 3.8216 ft

Approximate area of garden :

Area of circle :

pi * r^2

Area = 3.14 * 3.8216^2

Area = 45.8585273984

Area = 45.86 ft²

5 0

3 years ago

K-2k=15+1+6k-2 help me

sveticcg [70]

K - 2k = 15 + 1 + 6k - 2

-k = (15 + 1 - 2) + 6k

-k = 14 + 6k |subtract 6k from both sides

-7k = 14 |divide both sides by (-7)

k = -2

6 0

3 years ago