All categories

2 years ago

A principal of $2900 is invested at 6% interest, compounded annually. How much will the investment be worth after 11 years?

Mathematics

2 answers:

Nitella [24]2 years ago

6 0

Answer:

INVEST --- 2,900

INTREST -- 6%

year -- 11

SUM AFTER 11 YEAR

FORMULA 

 A=P(1+r/n) nt

 A = FINIAL AMOUNT

P= PRINCIPAL BALANCE

R= RATE

N= NUMBER OF TIME

T= NUMBER OF TIME PERIOD

SO ,,

(1+i )t

$ 2,900 ( 0.06 /1 + 1)

2,900(1.06)¹¹

2,900 ( 1.89839856)

AMOUNT = $ 5.505

ANSWER

weqwewe [10]2 years ago

3 0

Answer:

$5,505

Step-by-step explanation:

Compound interest formula :

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

Solving after substituting the given values :

A = (2,900)(1 + 0.06/1)¹¹
A = (2,900)(1.06)¹¹
A = (2,900)(1.89829856)
A = $5,505 (nearest dollar)

You might be interested in

Might just use all of my 900 remaining points on my next random questions

pychu [463]

Answer:

do what you want

Step-by-step explanation:

4 0

4 years ago

Read 2 more answers

Which of these true conditional statements has a false converse?

cestrela7 [59]

Correct answer is A. For example 50/2= 25 which is odd

4 0

4 years ago

Which of the following shows the best communicative property of addition ?

kumpel [21]

Answer:

In the given options, 4+5 = 5+4 shows the best commutative property.

Step-by-step explanation:

One of the properties that can be applied on numbers is commutative property. Commutative property states that the order of the numbers on which any operation is being performed, can be swapped and the answer won't change.

Commutative property can be applied on addition, subtraction and multiplication.

Commutative property of Addition:

Commutative property of addition states that changing the order of adding two numbers does not change the result i.e. a+b = b+a

In the given options, 4+5 = 5+4 shows the best commutative property.

3 0

3 years ago

A hat contains marbles. Of them, are red and are green. If one marble is randomly selected out of this hat, what is the probabil

maksim [4K]

Answer:

Step-by-step explanation:

4 0

4 years ago

Create polynomial functions using the given information:

ycow [4]

It's pretty much simple. Since we can factor a polynomial by its zeros, lets write one of degree nine :

X(X-1)(X-2)(X-3)(X-4)(X-5)(X+1)(X+2)(X+3)= X^9-9X^8+6X^7+126X^6-231X^5-441X^4+944X^3+324X^2-720X

This polynomial is of degree 9 and has exactly 5 strictly positive zeros : 1, 2, 3, 4, 5

And it has 3 negative zeros : - 1, -1, - 3

And it has 0 as a zero too.

There is also this one :

(X-1)(X-2)(X-3)(X-4)(X²+1)(X+1)(X+2)(X+3) = X^9-4X^8-13X^7+52X^6+35X^5-140X^4+13X^3-52X^2-36X+144

It has 4 positive zeros : 1, 2, 3, 4.

It has complex zeros : i and - i

3 negative zeros : - 1, - 2 , - 3

Good Luck

8 0

2 years ago