1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kondaur [170]
3 years ago
10

I do not understand how they got this answer. I am stuck on the exponent party- Please see attached

Mathematics
1 answer:
Black_prince [1.1K]3 years ago
7 0

Looking at the question, the answer gotten is:$4316.55. The question is related to compound interest.

<h3>What is compound interest?</h3>

Compound interest is known to be the interest that is earned on a principal sum in addition to the accumulated interest previously. It is as a result of reinvesting interest.

To find the compound interest, the formula used is:

A= P(1+r/n)^nt.

Where

P is the principal sum= $3500

r is the rate = 0.035

n is the compounding period = 12 months.

t is the time = 6 years.

Substituting them in the equation, we have:

A = 3500 ( 1 + 0.035/12)^12×6

Working out the one in the bracket and multiplying the exponent, we have:

A = 3500 (1.00291667)^72

Note: We got 72 by multiplying 12 by 6.

1.00291667 raised to the power of 72 = 1.23330133

A = 3500× 1.23330133 = $4,316.55

Ans: $4,316.55

Learn more about compound interest on brainly.com/question/24274034

You might be interested in
John sold a car for 60,000 dollars and made a profit of 20%.what is the cost price of the car​
zhannawk [14.2K]

Answer:

72,000

Step-by-step explanation:

20% of 60,000 = 12,000

60,000 + 12,000 = 72,000

Chow,...!

7 0
3 years ago
Caleb bought groceries and paid $1.60 in sales tax. The sales tax rate is 2.590.
slava [35]
Good for Caleb, he better have bought cheese.
6 0
3 years ago
PLEASE HELP ME QUICKLY!!! Given that N:{1,2,3,5,8,13} and M:{−9,−8,−6,−4,−2,4}, which statements about N and M are true?
Lelechka [254]

Answer:

The intersection of N and M contains only those elements that are in both N and M.

The intersection of N and M is ϕ.

​N∩M=∅

Step-by-step explanation:

Given

M = { 1, 2, 3, 5, 8, 13}

N = {-9, -8, -6, -4, -2, 4}

Now let us see each statement one by one.

The intersection of N and M contains only those elements that are in both N and M.

The statement is true because by definition intersection of two sets consists of common elements of both sets.

The intersection of N and M is ϕ.

The statement is true. As there is no common element in both sets.

The intersection of N and M is {−9,−8,−6,−4,−2}.

The statement is false because there is not common element in M and N.

N∪M=∅

The statement is false as the union consists of elements of both sets so it can't be empty.

​N∩M=∅

True. Because no common element so intersection will be an empty set..

4 0
3 years ago
Explain in words how to solve the following problem.Maske sure to include all steps and the answer. 3/7 divided by 1/2
Maksim231197 [3]
To divide by a fraction is to multiply by its recipricle.
3/7 × 2/1
simplify fraction
3/7 × 2
multiply
6/7
3 0
3 years ago
Read 2 more answers
7. Given the function f(x)= x - 3x +4, evaluate f(5)-|(2).
SVETLANKA909090 [29]
Yes that’s correct i did this before
3 0
3 years ago
Other questions:
  • A student solved this problem by working backward. Jared has some flowers. He has 6 more red flowers than yellow flowers. He has
    14·1 answer
  • What are all of the real roots of the following polynomial? f(x) = x4 - 24x2 - 25
    6·2 answers
  • X-3y=17<br> -6x+5y=-11<br> Solving systems by substitution
    12·1 answer
  • What is 0.039 as a fraction?
    15·1 answer
  • 15p+3(p-1)&gt;3(2) exponent of 3 on two
    5·1 answer
  • -5 2/3 + 3 1/4 + -7 1/3
    10·1 answer
  • Write the explicit equation.<br> -8, -2, 4, 10
    13·1 answer
  • Simplify (1/5k)^2;uiovpvuylc gjlcgj
    14·1 answer
  • What is the slope of y= -4x-3​
    13·1 answer
  • Find the area of each figure in square units. show your work and explain how you got the answer.​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!