1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pie
1 year ago
7

You have $5,000 to invest for ten years. Crown of The Sun bank pays compound interest at an annual rate of 4.5%. Calculate your

balance after 10 years. Round to the nearest hundreth
Mathematics
2 answers:
Simora [160]1 year ago
5 0

Answer:

$7764.85

Step-by-step explanation:

Assume the compounding is annual.

F = P(1 + r/n)^(nt)

F = 5000(1 + 0.045/1)^10

F = 7764.85

Answer: $7764.85

Dmitry_Shevchenko [17]1 year ago
3 0

Answer: $7,764.85

Step-by-step explanation:

Use the formula for Compound Interest: CI = P(1 + r/n)^nt

CI = 5000(1 + 0.045/1)^10

CI = 5000(1.045)^10

CI ≅ $7,764.85

After 10 years, the balance should be $7,764.85

You might be interested in
You decide to market your own custom computer software. You must invest 3,255 for computer hardware,and spend 2.90 to buy and pa
ivanzaharov [21]

Answer: c) 300 copies

Step-by-step explanation:

Let x represent the number of copies that you must sell to break even.

You decide to market your own custom computer software. You must invest 3,255 for computer hardware,and spend 2.90 to buy and package each disk. This means that the total cost of producing each software would be

3255 + 2.9x

If each program sells for $13.75, it means that the total revenue from selling each software would be

13.75x

In order to break even, total cost would be equal to total revenue. Therefore,

3255 + 2.9x = 13.75x

13.75x - 2.9x = 3255

10.85x = 3255

x = 3255/10.85

x = 300 copies

8 0
2 years ago
Find the surface area of this triangular prism Please help is appreciate it
Ad libitum [116K]

Answer: 5,376in.

Step-by-step explanation:

Volume of a prism = Bh

B = 1/2bh

B = 7 x 24 = 168

168 x 32 = 5,376in.

7 0
2 years ago
What is 6668 divided by 44
cupoosta [38]
The anwer plus working is 6668/4=151.55
5 0
3 years ago
Please help me again. I am begging you guys.
dangina [55]

Answer:

I=$ 198

Step-by-step explanation:

I=PRT

P=1200

T=3

R=5.5% = 0.055

I=1200*0.055*3= 198

5 0
3 years ago
The difference between 15 and the product of 5 and y
eduard
The difference (-) between 15 and the product (x) of 15 and y

15y - 15
5 0
2 years ago
Other questions:
  • a one day movie rental at red box cost $1.39. for each additional day there is a fee of $0.50.How much will it cost to rent a mo
    6·2 answers
  • A recipe for trail mix calls for 3/4 cup dried fruits, 1/2 cup mixed nuts, and 1/3 cup granola. How many cups of trail mix does
    11·1 answer
  • Sarah has completed the first few steps for constructing the inscribed circle for triangle ABC. She started by constructing the
    13·2 answers
  • I don’t know someone help ASAP
    5·1 answer
  • The electricity that powers our appliances is converted from many sources of energy. About 5/10 is made from coal, about 2/10 fr
    12·1 answer
  • If U = 5 feet, V = 7 feet, W = 3 feet, X = 7 feet, Y = 13 feet, and Z = 4 feet, what is the area of the object?
    11·1 answer
  • Share £26 amongst three people in the ratio 6:3:4
    12·1 answer
  • What is the answer to 50.25 times x
    13·2 answers
  • Nasreen bought 3 m 20 cm cloth for her shirt and 2 m 5 cm cloth for her trouser. Find the total length of cloth bought by her.
    7·1 answer
  • 2000 tennis balls are divided into packs of 3 how many more tennis balls are needed to make another full pack
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!