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bija089 [108]
1 year ago
5

A mother invests $7000 in a bank account at the time of her daughter's birth. The interest is 18) compounded quarterly at a rate

of 8%. What will be the value of the daughter's account on her twentieth birthday, assuming no other deposits or withdrawals are made during this period?
Mathematics
1 answer:
Alex1 year ago
5 0

well, from birth to your twentieth birthday that'll just be 20 years, so

~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$7000\\ r=rate\to 8\%\to \frac{8}{100}\dotfill &0.08\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, thus four} \end{array}\dotfill &4\\ t=years\dotfill &20 \end{cases} \\\\\\ A=7000\left(1+\frac{0.08}{4}\right)^{4\cdot 20}\implies A=7000(1.02)^{80}\implies A\approx 34128.07

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The correct representation of 6 + 2n > 12 (n > 3) is  (3, ∞) and a number line with an open circle at +3 and being shaded from +3 to +5.

<h3>What is an equation?</h3>

An equation is an expression that shows the relationship between two or more numbers and variables.

Given the equation::

6 + 2n > 12

Subtracting 6 from both sides:

6 + 2n - 6 > 12 - 6

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Dividing by 2:

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The correct representation of 6 + 2n > 12 (n > 3) is  (3, ∞) and a number line with an open circle at +3 and being shaded from +3 to +5.

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see explanation

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Answer:

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