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 countries lacked colonies altogether in 1914?

can anyone answer the last question. it is in the picture below.

Find the measure of <2

⦁ Suppose that the number of bacteria in a dish increases by 50% every four hours. there are 64 bacteria initially. write a function that describes the number o

What's 15 divided by 247 worked out

What is one similarity and one difference between a binary ionic compound and a binary molecular compound?

Distributive property to find the sum of 12 and 36. Please help!!!

which describe the direction of prevailing westerlies

What is the length of side x? If necessary, round your answer to two decimal places.

What are some successes and failures of president Obama? What are some things that he did that aren't really justified as a fail or success? Please give sources