![subject](/tpl/images/cats/mat.png)
Mathematics, 20.01.2021 02:30 aidy3259
The formula to find the amount in an account, A, that has an interest rate, r, that compounds n times per year and has a starting balance of P after t years is A = P (1+r/n)∧nt .
If the interest is compounded yearly, then n = 1 and the interest rate, r, represents the annual interest. When the interest is compounded monthly, then n = 12 but r is still the annual interest.
If you were given the equation A = P (1 + r)∧t how often is the interest compounded?
Type your response here:
If you were given the equation A= P( 1.17)∧t , what would the annual interest rate be?
Type your response here:
What would need to change about the equation in part b for it to represent an account that is compounded monthly?
Type your response here:
Use the properties of exponents to rewrite the equation given in part b so that it represents an account that is compounded monthly.
Type your response here:
What would be the approximate monthly interest rate that is equivalent to the annual interest rate represented in the equation given in part b?
Type your response here:
![ansver](/tpl/images/cats/User.png)
Answers: 1
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Mathematics
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 19:00, GodlyGamer8239
Billy plotted −3 4 and −1 4 on a number line to determine that −3 4 is smaller than −1 4 .is he correct? explain why or why not
Answers: 3
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 20:00, suselygonza
Compare the following pair of numbers a and b in three ways. a. find the ratio of a to b. b. find the ratio of b to a. c. complete the sentence: a is percent of b. a=120 and b=340 a. the ratio of a to b is . b. the ratio of b to a is . c. a is nothing percent of b.
Answers: 1
You know the right answer?
The formula to find the amount in an account, A, that has an interest rate, r, that compounds n time...
Questions in other subjects:
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/en.png)
English, 28.07.2019 05:30
![Konu](/tpl/images/cats/geografiya.png)
Geography, 28.07.2019 05:30
![Konu](/tpl/images/cats/en.png)
English, 28.07.2019 05:30
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/himiya.png)
Chemistry, 28.07.2019 05:30
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 28.07.2019 05:30
![Konu](/tpl/images/cats/istoriya.png)
History, 28.07.2019 05:30