You deposit $2000 in an account earning 3% interest compounded monthly. How much will you have in the account in 5 years

$2,323.23

Step-by-step explanation:

Lets use the compound interest formula provided to solve this:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, we will change 3% into its decimal form:

3% -> -> 0.03

Now, plug the values into the equation:

After 5 years, you will have $2,323.23

what is the model?

step-by-step explanation:

answer: cos [   arcsin (3/5) - arccos (1/2) ] =

step-by-step explanation: × = 3/5 = 0.6--> x = 36.87 and x = 180 - 36.87 = 143.13 deg

cos y = 1/2 --> y = +- 60 deg a. cos (x - y) = cos (143.13 - 60) = cos 83,13  

=

0.12

b. cos (36.87 - 60) = cos (-23.23) = 0.92