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]
2 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]2 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
Two equivalent decimals for 2.50
Ad libitum [116K]
2.5 is an equivalent decimal because you can add infinity zeros after the last number in a decimal and it will still be the same.

&

2.500 would be an equivalent decimal because you can add infinity zeros after the last number in a decimal and it will still be the same.

2.5, 2.500, 2.5000, 2.50000, etc..
5 0
3 years ago
Consider the graph of f(x) below. The graph contains the points (0, 1) and (5, 4).
Bezzdna [24]

Answer:

f(x)=x+3

Step-by-step explanation:

hope this helps

5 0
3 years ago
Charles is doing renovations on his house. He has budgeted 25% of the cost for new
Rama09 [41]

Answer:

$14,400

<em>Brainliest, please!</em>

<em />

Step-by-step explanation:

25% is furniture, and furniture costs $3600.

So, 3600 x 4 is the total cost, which equals 14400

8 0
2 years ago
Evaluate a/b for a = 1/2 and b = -3/7 <br> Answers: <br> 3/14<br> -32/21<br> -3/14<br> -7/6
lapo4ka [179]
1/2 ÷ -3/7 = -7/6 The answer is -7/6
3 0
3 years ago
Does the quadratic have a maximum or minimum
STALIN [3.7K]

Answer:

B)max/ opens down

Step-by-step explanation:

Parabola equation:

The equation of a parabola has the following format:

y = ax^2 + bx + c

If a > 0, that is, x² is multiplied by a positive number, the function has a minimum value and the parabola opens up.

If a < 0, that is, x² is multiplied by a negative number, the function has a maximum value and the parabola opens down.

In this question:

y = -x^2 - 2x + 3

From the graph, we already see that it opens down and has a max, and analitically, since a = -1 < 0, this is confirmed. The correct answer is given by option b.

7 0
2 years ago
Other questions:
  • A television station is interested in predicting whether or not voters are in favor of an increase in the state sales tax. It as
    15·1 answer
  • PLEASE PLEASE HELP!! Brainliest! A local pizzeria offers 11 toppings for their pizzas and you can choose any 5 of them for one f
    7·2 answers
  • At what point does the terminal side of the angle π in standard position intersect the unit circle?
    14·2 answers
  • Simplify:
    6·1 answer
  • please help me my last question on my math test please help me its due on 10:10am please help me please i really need help pleas
    7·2 answers
  • Let’s go I need help on number 9 I’ll give you brainliest
    14·1 answer
  • Determine the independent and dependent variable from the following equations:
    9·1 answer
  • Isosceles triangle PQR in which PQ = PR = 45 mm and PQR = 20° Picture​
    15·1 answer
  • Help will give Brainly points
    11·2 answers
  • Find the length of side BC.<br> Give your answer to 3 significant figures.<br> C<br> A<br> 71°<br> B
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!