Today is 3/14/17 and where is the content at
Ana has 5,000,000 in a bank account. they give you an interest of 3.2%, how much money will be spent within 2 months and 10 days (all months you have 30 days)?
My answer was $43,835.62.
Hope this helped☺☺
Answer:
28$ games and 45$ for rides so 73$
Step-by-step explanation:
Answer:
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
Applying log both sides
applying property of logarithms
![t=log(11,600/5,200)/[(4)log(1.0215)]](https://tex.z-dn.net/?f=t%3Dlog%2811%2C600%2F5%2C200%29%2F%5B%284%29log%281.0215%29%5D)
If the number after the decimal is 1-4 you drop it, if it's 5-9 you add one to the whole number. In 19.6, 6 is 5-9 so you add one to 19- 19.6=20. In 23.8, 8 is 5-9 so add one to 23- 23.8=24. In 38.4, 4 is 1-4 so you drop it- 38.4=38. So the answer is C. 20, 24, 38 :) hope this helps
