What is 132 rounded to the nearest tenth
1 answer:
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Answer:
$1480.24
Step-by-step explanation:
This will be solved by the formula:
Where
FV is the future value (what we are looking for)
I is the initial amount (which is $1000)
r is the rate of interest per period (8% is annual interest, but the period is SEMI-ANNUAL, that's 6 months, half of yearly. So r would be half of 8%, which is 4% or r = 0.04)
t is the times compounding occurs in the whole time (The whole time period is 5 years, but compounding occurs semi-annually, so 5*2 = 10 times. Thus, t = 10)
<em>plugging the info into the formula we will get our answer.</em>
<em></em>
The thing that's wrong with the equation is that 2 shouldn't be multiplied by 4 but should have been added.
<h3>How to illustrate the information?</h3>From the information given, it can be seen that the equation is:
(3x²)(-2x⁴) = 3(-2)x² × x⁴ = 6x^8
Based on the information above, this calculation is incorrect. The correct calculation will be:
(3x²)(-2x⁴) = 3(-2)x² × x⁴
= -6x^6
Therefore, the multiplication should be an addition of the power.
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