If $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14 years?$68.39
$704.28
$842.13
$846.10
Answers
Answer:
Option
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Related Questions
Explain how you know that 7/12 is greater than 1/3 but less than 2/3?
Use the graph to find the local minimum and the local maximum for the given function. Over the interval [–3, 0], the local minimum is . Over the interval [0, 3], the local maximum is . Over the interval [0, 3], the local minimum is .
How do you do this solve 5/2y=10 for y explain
the highest point in the state of Louisiana is Driskill Mountain. It rises 535 feet above sea level. Write the elevation of Driskill Mountain as an integer.
A)48%B)50%C)52%D)68%
Answers
You have to make a tree diagram with all of the possibilities.
Here are the possibilities:
Rain - Win = 0.6 x 0.8 = 0.48
Rain - Loss = 0.6 x 0.2 = 0.12
No Rain - Win = 0.4 x 0.5 = 0.2
No Rain - Loss = 0.4 x 0.5 = 0.2
Adding up the two winning options gives us 68%
0.48 + 0.2 = 0.68
Answers
1.75*5=8.75
He has 1.25 left.
Hope this helps
Answers
Answer:
Step-by-step explanation:
-19/12r-3
Answer: Guess
explanation: Guessing is the most important word/thing to solve an answer
54л
27л
12л
Answers
The volume of the cone is 18π
Option A is the correct answer.
What is a cone?
It is a shape of a christmas tree where there is a base of radius r and a top point called the apex.
The volume of a cone is V = (1/3)πr²h
We have,
The formula for the volume of a cone is:
V = (1/3)πr²h
where V is the volume, r is the radius, and h is the height.
Plugging in the given values, we get:
V = (1/3) x π x 3² x 6
V = 18π
Therefore,
The volume of the cone is 18π
Learn more about cones here:
#SPJ7
Answer:
18π
Step-by-step explanation:
You have to multiply the height and the width together and then multiply by pi but since it is in terms of pi it is 18π
Answers
Some of the fractions that are equivalent to 4/7 are 8/14, 12/21, 16/28, 20/35 e.t.c
What is equivalent expression?
Equivalentexpressions are expressions that work the same even though they look different.
If two algebraic expressions are equivalent, then the two expressions have the same value when we plug in the same value for the variable.
For example , 5 × 4 = 20 and 2 × 10 = 20 , so the two expressions are equivalent and they have thesame value
To find the equivalent of 4/7, we can multiply through by a factor of 2, 3 , 4 ,5 e.t.c
Therefore 4/7 = 8/14 = 12/21 = 16/28 = 20/35
learn more about equivalent expressions from
#SPJ6
8/14 12/21 16/28 these are some of the fractions that came to mind