Rudy Banks has won $5000 to attend university. If he invests the money in an account at 12% per annum, compounded monthly, how much can he draw monthly
for the next 3 years?

$7153.84

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Algebra I

Compounded Interest Rate Formula:

Step-by-step explanation:

Step 1: Define

Identify variables

P = 5000

r = 12% = 0.12

n = 12

t = 3

Step 2: Find Interest

a) 32pie square meters

step-by-step explanation:

"it's not the heat, it's the humidity".   that's a partly valid phrase you may have heard in the summer, but it's actually both.   the heat index, also known as the apparent temperature, is what the temperature feels like to the human body when relative humidity is combined with the air temperature.   this has important considerations for the human body's comfort.   when the body gets too hot, it begins to perspire or sweat to cool itself off.   if the perspiration is not able to evaporate, the body cannot regulate its temperature.   evaporation is a cooling process.   when perspiration is evaporated off the body, it effectively reduces the body's temperature.   when the atmospheric moisture content (i.e. relative humidity) is high, the rate of perspiration from the body decreases.   in other words, the human body feels warmer in humid conditions.   the opposite is true when the relative humidity decreases because the rate of perspiration increases.   the body actually feels cooler in arid conditions.   there is direct relationship between the air temperature and relative humidity and the heat index, meaning as the air temperature and relative humidity increase (decrease), the heat index increases (decreases).

step-by-step explanation: