1. Sam deposits$700 in an investment saving account. The annual interest rate is 4.5%/annually compounded monthly. Determine

the amount after 7 years.

The total amount in 7 years is: $958.62

Step-by-step explanation:

Recall the formula for compound interest:

where:

A is the Accrued value (total in the account including accumulated interest), and in our case the unknown.

P is the Principal (amount initially deposited), and in our case $700.

r is the annual percent rate (but in decimal form) in our case 0.045

n is the number of compoundings done per year, and in our case 12 since it is compounded monthly

t is the time in years of the deposit.

Then the formula becomes:

which can be rounded to the cents: $958.62

where are the choices?

d 25 pi/6

step-by-step explanation:

the diameter is 10 inches

the radius is 1/2 of the diameter or 5 inches

the area of the circle is

a = pi r^2

  = pi 5^2

  = 25 pi

the slice is 60 degrees of the entire circle.

60 degrees out of 360   60/360 = 1/6

the area of the slice is 1/6 of the circle

a slice = 1/6 a circle

a slice = 1/6 * 25 pi