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Gwar [14]
2 years ago
10

How much money will you have in 6 months if you invest $1000 at 3% compounded monthly?

Mathematics
1 answer:
Kobotan [32]2 years ago
8 0

The total amount accrued, principal plus interest, with compound interest on a principal of $1,000.00 at a rate of 3% per year compounded 12 times per year over 0.5 years is $1,015.09.

<h3>Compound Interest</h3>

Given Data

  • Principal = $1000
  • Rate = 3%
  • Time = 6 months = 0.5 years

First, convert R as a percent to r as a decimal

r = R/100

r = 3/100

r = 0.03 rate per year,

Then solve the equation for A

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

A = 1,000.00(1 + 0.03/12)^(12)(0.5)

A = 1,000.00(1 + 0.0025)^(6)

A = $1,015.09

Learn more about compound interest here:

brainly.com/question/24924853

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Simplify 2(10−x)+3(12−x)
GarryVolchara [31]

Answer:

-5x + 56

Step-by-step explanation:

Use distributive property to refine.

20 - 2x + 36 - 3x

Combine Like Terms

-5x + 56

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2 years ago
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The perimeter of the rectangle is 20\text{ cm}20 cm20, start text, space, c, m, end text. One side is 6\,\text{cm}6cm6, start te
Tamiku [17]

Answer: The lenght of the missing side is 4 cm

Step-by-step explanation:

The correct question is:

<em>The perimeter of the rectangle is 20cm . One side is 6cm. What is the length of the missing side?</em>

So, to answer it we have to apply the next formula:

Perimeter of a rectangle = 2 width + 2 length

Replacing with the values given: (assuming that the side given is the length of the rectangle)

20 = 2(6) + 2x

Solving for x:

20 =12 +2x

20-12 =2x

8 =2x

8/2 =x

4=x

The length of the missing side is 4 cm

Feel free to ask for more if needed or if you did not understand something.  

3 0
3 years ago
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A mouse scurries across your kitchen floor at 2.0 feet per second. How many miles can the mouse travel in 1.5 hours (rounded to
Mila [183]

Given

A mouse scurries across your kitchen floor at 2.0 feet per second.

Find out the mouse travel in 1.5 hours.

To proof

FORMULA

Distance = speed × time

1foot = \frac{1}{5280} miles

Convert feet per second into miles per second

= \frac{2.0}{5280}

As given in the question

Time = 1.5 hours

1 hours = 3600 second

Time convert in the second

Time = 1.5 × 3600 second

       = 5400 second

put all these value in the above formula

we get

Distance= \frac{2.0\times 1.5 \times 3600}{5280}

Distance= \frac{10800}{5280}

= 2.04 (approx) miles

= 2.0 miles

Hence proved

                   


           






4 0
3 years ago
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A brother and a sister are in the same math class. There are 8 boys and 10 girls in the class. One boy and one girl are randomly
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Well, there are 8 boys and the brother is one of them so 1 is 12.5% of 8 and out of 10 girls, there 1 is the sister and 1 out of 10 is 10%. Now we multiply the percentages to get the answer 1/80
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