If $17,000 is invested in a savings account yielding 3% per year, compounded semiannually, how fast is the balance growing after 3 years? Round your answer to the nearest cent.
?
A. $691.89 per year
B. $387.46 per year
C. $774.92 per year
D. $996.33 per year
E. $553.52 per year
Answer: E
You might also like to view...
A statement is made about correlation. State whether the correlation is positive or negative and whether the correlation is most likely due to coincidence, a common underlying cause, or a direct cause.People who take more vacations score higher on standardized tests.
A. Positive correlation; coincidence B. Positive correlation; direct cause C. Negative correlation; common underlying cause D. Positive correlation; common underlying cause
Using the appropriate right triangle, find the exact value of the trigonometric expression.cos 30°
A. 
B. 
C. 
D. 
Use a calculator to approximate the root to the nearest thousandth.
A. -4.448 B. -4.444 C. -4.457 D. -4.452
The augmented matrix is in row-echelon form and represents a system of linear equations. Solve the system using backward substitution.
Write the solution as an ordered triple, if possible.
A. No solution B. (60, -22, 5) C. (65, -24, 5) D. (60, -24, 5)