tsukihime tsukihime

02-11-2017
Mathematics

contestada

3. Susan invested $10,000 in an account that earned 3% interest, compounded monthly.
a. Write an exponential growth/decay formula to model the situation.
b. What is the value of this account after 5 years? Express your answer rounded to the nearest cent.

Respuesta :

musiclover10045 musiclover10045

03-11-2017

A) total = 10,000 *(1+0.03/12)^(12*t)

B) t = 5 years

10,000 *(1+0.03/12)^(12*5 ) = $11,616.17

Answer Link

Otras preguntas

What are the five human impacts on the environment? (I would prefer them in point form, but i understand if you cant do that

Benjamin Franklin once wrote "where liberty is, there is my country." Is he right? Was that the American experience from its colonial settlement to the end of R

At Otto’s egg farm, Otto has found that when he charges $0.05 per egg, he sell so many eggs that he cannot keep up with the demand and has zero profit. When he

they were playing flute. change into simple present

All cells require a nitrogen source to grow. The preferred nitrogen source for E. coli is an ammonium salt (e.g. NH4Cl ). The NH 4 is assimilated into cellular

While rowing in a race , an athlete uses 3960 J of energy doing work on the oars in 60.0 seconds . What is the power output of the athlete

Which level has the most energy and how is it lost through the food chain? bottom, chemical energy top, heat energy bottom, heat energy top, chemical energy

● Human blood has a hydrogen ion concentration is 10-7.4 mol/L. What is the pH of the blood?

Identifying an Ethical Principle In the pharmacy tasks case study, the technicians agree with the pharmacist that they may have been jeopardizing patient's heal

Check out this app! It's millions of students helping each other get through their schoolwork. https://brainly.app.link/qpzV02MawO