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
What is the circumference of a circle with a diameter of 2 feet? use 3.14 for pie
sukhopar [10]

Answer:

C = 6.28 ft

Step-by-step explanation:

The circumference of a circle is given by

C = pi *d where d is the diameter

C = 3.14(2)

C = 6.28 ft

4 0
3 years ago
Read 2 more answers
The price of a DVD is $19 . The price is 12% lower than last week. What was the price of the DVD last week? Round your answer to
nataly862011 [7]

Answer:

The original cost of the DVD was $21`.59

Step-by-step explanation:

In order to find this, you first must note that the new price is 88% of the older price. We get this since there was a subtraction of 12%.

Now knowing that, we can divide the new price by the percentage paid and it will give us the original price.

$19/88% = Original Cost

19/.88 = Original Cost

$21.59 = Original Cost

5 0
3 years ago
How can I understand derivation better? ​
Dafna11 [192]

In mathematics, the derivative of a function of a real variable measures the sensitivity to change of the function value with respect to a change in its argument.

7 0
3 years ago
Is this the right answer?
Ne4ueva [31]
Yes your answer is solved correctly
6 0
2 years ago
What is the x- intercept of y+ 12 =3 (x-9)?
Natalija [7]

Answer:

13,0

Step-by-step explanation:

12=3(x-9)

divide both sides by three

4=x-9

add 9 to both sides

x=13

so, the x intercept is (13,0)

7 0
2 years ago
Read 2 more answers
Other questions:
  • In this polygon, which angle is an interior angle?
    14·2 answers
  • 1/2 x 1/4 answer then write in simplest form
    15·1 answer
  • The monthly cost of a certain long distance service is given by the linear function y=0.08x+ 8.95 where Y is in dollars and X is
    7·1 answer
  • On a number line, suppose point E has a coordinate of - 1, and EG = 7. What are the possible coordinates of point G?​
    15·1 answer
  • Find the perimeter of the shaded figure.
    12·2 answers
  • a shirt whose marked price is 8000/= is sold to a customer at 13% discount if the trader make a profit of 20% find how much the
    5·1 answer
  • The larger cube measures 20 cm on each edge. What is the surface area?
    14·1 answer
  • Olivia orders 24 cupcakes and a layer cake. The layer cake costs $16, and the total cost of the order is $52. What is the cost o
    9·2 answers
  • Solve using elimination <br> y = 3x + 4 <br> y = 2x + 2
    5·1 answer
  • The markup on a restaraunt meal is 250%. A meal costs $7.30 to produce. How much will the customer be charged before tax and tip
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!