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Hoochie [10]
2 years ago
12

Carmen deposited $6,000 into a savings account that earns 2.8% interest compounded annually. How much will she have in her accou

nt (total) at the end of 3 years?
Mathematics
1 answer:
Anna [14]2 years ago
6 0

To help Carmen find the total after 3 years

We'll have to use the annual compound interest formula: A = P(1 + r)ⁿ

A = Final balance (?)

P = Principal balance (6000)

r = Rate (0.028)

n = years (3)

A = 6000(1 + 0.028)³

A = 6000(1.028)³

A = 6000(1.086373952)

A = 6518.243712

Round that to the nearest cent, and we get $<u>6,518.24 </u>as the answer.

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2 years ago
<img src="https://tex.z-dn.net/?f=e%5E%7B2x%7D%20%3D%20ln%205" id="TexFormula1" title="e^{2x} = ln 5" alt="e^{2x} = ln 5" align=
KiRa [710]
e ^{2x} = ln5

Solve for the real domain

e ^{2x} = ln(5)

if f(x) =g(x), then ln(f(x))= ln(g(x))

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Solve : <span>ln(e ^{2x} ) = ln(ln(5))
</span>
use the logarithmic definition :

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ln(e^{2x} ) = 2x

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Divide both sides by 2 :

\frac{2x}{2} = \frac{ln(ln(5))}{2}

x= \frac{ln(ln(5))}{2}

hope this helps!

8 0
3 years ago
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I hope this helps! :)

8 0
3 years ago
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