Answer:
$248.03
Step-by-step explanation:
The formula you use for this is as follows:
[tex]A(t)=P(1+\frac{r}{n})^{nt}[/tex]
where A(t) is the amount after the compounding is done, P is the initial amount invested, r is the interest rate in decimal form, n is the number of times the compounding is done per year, and t is the time in years. Using that information and filling in our equation gives us this:
[tex]A(t)=75(1+\frac{.08}{12})^{(12)(15)}[/tex]
which simplifies down to
[tex]A(t)=75(1+.0066667)^{180}[/tex]
which simplifies further to
[tex]A(t)=75(3.307118585)[/tex]
which multiplies to $248.0338938. Round to the nearest cent to get your answer.
The amount of money is $248.02.
Principal amount = P=75
Interest rate = r = 8% = 0.08
Number of years = t = 15
Number of times compounded in a year = n = 12
A = Amount after t years.
After 15 years there will be:
[tex]A=P\left(1+\frac{r}{n}\right)^{nt}\\ A=75\left(1+\frac{0.08}{12}\right)^{\left(12\cdot15\right)}\\ A=248.019110806\\ A \approx 248.02[/tex]
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What’s the value of y
Answer:
y = 60°
Step-by-step explanation:
The measure of angle y is half the measure of the subtended arc, so is ...
y = 120°/2 = 60°