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Levart [38]
11 months ago
9

Luther opened a savings account and deposited $400.00. The account earns 4% interest,compounded annually. If he wants to use the

money to buy a new bicycle in 2 years, howmuch will he be able to spend on the bike?nt= P(1+7)1Use the formula A = P (1 + r/n)where A is the balance (final amount), P is the principal(starting amount), r is the interest rate expressed as a decimal, n is the number of times peryear that the interest is compounded, and t is the time in years.Round your answer to the nearest cent.
Mathematics
1 answer:
Tcecarenko [31]11 months ago
8 0

To solve this problem, we must use the formula:

A=P\cdot(1+\frac{r}{n})^{t\cdot n}\text{.}

Where:

• A = final amount = ?,

,

• P = starting amount = $400.00,

,

• r = interest rate in decimals = 4% = 0.04,

,

• n = number of times per year that the interest is compounded = 1 (because interest is compounded annually),

,

• t = time in years = 2.

Replacing the data of the problem in the equation above, we get:

A=400.00\cdot(1+0.04)^2=432.64.

Answer

After 2 years, he will be able to spend $432.64 on the bike.

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Answer:

The answer is 9/16.

Step-by-step explanation:

Using Indices Law,

{( \frac{a}{b}) }^{n} ⇒ \frac{ {a}^{n} }{ {b}^{n} }

So for this question :

{ (\frac{3}{4}) }^{2}

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3 years ago
Find the circumference of this circle<br> using 3 for T.<br> C = ?
DerKrebs [107]

Answer:

72

Step-by-step explanation:

C = pi* d

pi= 3 (given in the problem)

d=24(the diameter is given in the picture)

C= 3*24 = 72

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2 years ago
Kayla bought a car that's price was reduced by 34%. The original price for the car was $16,000. How much did she spend on the ca
aliya0001 [1]

The price was reduced by 34%, so she paid 100-34 = 66% of the original price.

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8 0
3 years ago
Read 2 more answers
ack has a collection of 10 pairs of gloves in his wardrobe. Before a business trip, he has to pack his luggage, and he selects 8
Leto [7]

Answer:

\frac{{10 \choose 8}2^8}{{20 \choose 8}}\approx 0.091

Step-by-step explanation:

We can think of the 10 pairs of gloves as simply being gloves of different colors. Picking no matching pair is the same as picking no 2 gloves of the same color. To compute the probability of doing so, we can compute the number of ways to select 8 gloves from different colors, and divide that by the total number of ways to select 8 random gloves out of the 20 gloves.

To compute the number of ways in which we can select 8 gloves from different colors, we can think of the choosing procedure as follows:

1st step- We choose from which 8 colors are we going to pick gloves from. So we have to pick 8 out of 10 colors. This can be done in {10 \choose 8} ways.

2nd step - We now have to choose which glove are we going to pick from each of the chosen colors. Either the left one or the right one. For the first chosen color we have 2 choices, for the second chosen color we have 2 choices, for the third chosen color we have 2 choices, and so on. Therefore the number of ways in which we could choose gloves from the chosen colors is 2^8

And so the total number of ways in which we could choose 8 gloves from different colors is

{10 \choose 8 }2^8

Now, the total numer of ways in which we could choose 8 gloves out of the 20 gloves is simply {20 \choose 8}

So the probability of picking no mathing pair is

\frac{{10 \choose 8}2^8}{{20 \choose 8}}\approx 0.091

4 0
2 years ago
Logan is 2 years older than Lindsey .Five years ago, the sum of their age was 30 . Find Lindsey's current age
marusya05 [52]
X is 2 more than y
x=2+y

5 years ago (x-5 and y-5)
sum is 30
x-5+y-5=30
x+y-10=30

x=2+y
sub 2+y for x
2+y+y-10=30
2y-8=30
add 8 to both sides
2y=38
divide both sides by 2
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Lindsey is 19
4 0
3 years ago
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