Ask
your own question, for FREE!
Mathematics
11 Online
Math check please
Still Need Help?
Join the QuestionCove community and study together with friends!
#3: #5: #12
@dude or @Vocaloid please check these whenever you get a chance
#3.png and #5.png I have done before
#12.png We use the compound interest formula \[A(t) = A_0\left(1 + \frac{r}{n} \right)^{nt}\] where \(t\) is in years. We are given that \(A_0 = 51123.21\), \(r = \frac{2 + 3/8}{100} = 0.02375\), \(n = 12\cdot 30 = 360\) (with the assumption of 30 days per month), and \(t = 20 + 2/12 = 121/6\). Then \[A(121/6) = 51123.21\left(1 + \frac{0.02375}{360} \right)^{360 \cdot 121/6} \approx \$82531.59\] so the answer is $82531.59.
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
Kimmee1001:
Who or what is ultimately responsible for Romeo and Juliet's deaths?
EdwinJsHispanic:
is it normal to have high expectations, like expecting your partner to have time
gelphielvr:
Advice for cramming 70 vocab terms each week? Taking med term this year and we have to memorize about 70+ vocab terms per week and im having trouble studyin
EdwinJsHispanic:
I lowk need help deciding what I should write/type on this essay about why teache
GRIZZLEY19:
Let me know what y'all think about the story Image waking up and seeing a family in the dark.
VERNEISH:
Two objects are moving along separate linear paths where each path is described by position, d, and time, t.
9 hours ago
1 Reply
0 Medals
1 day ago
4 Replies
1 Medal
1 day ago
4 Replies
0 Medals
14 hours ago
3 Replies
0 Medals
21 hours ago
22 Replies
6 Medals
1 week ago
1 Reply
0 Medals