If you invest $7900 in an account that pays an annual percentage rate (apr) of 11%, and the interest is compounded monthly, what is the total amount of money that you would have at the end of 30 years

$210,993.97

Step-by-step explanation:

Using the compound interest formula Accrued Amount = P (1 + r/n)^n t

where Accrued amount is to be determined

P = principal; $7900

r = 11% = 0.11

n = number of times interest is applied annually = 12

t = number of years = 30

Therefore

Accrued amount = 7900 (1 + (0.11/12))^(30 x 12)

= 7900 x (1 + 0.0092)^360

= 7900 x (1.0092)^360

= 7900 x 26.71

= $210,993.97

7

step-by-step explanation:

i'm assuming you need to figure out how many campers go into each tent.

i got the answer by:

24+4=28

28/4=7  

3

step-by-step explanation:

in standard form:

a= dictionaries

b= maps

you have to buy 3 dictionaries, so put a 3 next to the a (dictionaries) so that you can multiply them by each other.

a3+b= 60 (the amount of money you have)

we already know the cost of a=15 so replace a with $15

($15 x 3)+b=60

multiply 15 and 3 to get $45 and replace it with $45

45+b=60

and then replace b with 15 to get the total:

45+15=60

that means you have $15 left after buying 3 dictionaries.

15 divided by the cost of a map ($5) equals 3.

so you can buy 3 maps.

sorry if it was confusing!