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
SVEN [57.7K]
1 year ago
7

Alice placed $1,900 in a savings account which earns 2.2% interest, compounded every year. How much will she have in the account

after 5 years.
Mathematics
1 answer:
ella [17]1 year ago
6 0

She will have $2118 in her account after five years

<h3>How to determine the amount in five years?</h3>

The given parameters about the compound interest are

Principal Amount, P = $1,900

Interest Rate, R = 2.2%

Time, t = 5

Compound interests are different from simple interest, and they are calculated using the following compound interest formula

CI = P(1 + R)^t - P

To calculate the amount, we have:

A = P + CI

So, the equation becomes

A = P + P(1 + R)^t - P

Evaluate the like terms

A = P(1 + R)^t

Substitute the known values in the above equation

A = 1900 * (1 + 2.2%)^5

Express 2.2% as decimal

A = 1900 * (1 + 0.022)^5

Evaluate the sum

A = 1900 * (1.022)^5

Evaluate the exponent

A = 1900 * 1.11495

Evaluate the product

A = 2118

Hence, she will have $2118 in her account after five years

Read more about compound interest at:

brainly.com/question/24924853

#SPJ1

You might be interested in
Simplify number 17 please
Brrunno [24]
64x^15y^3/4096x^3y^12
4 0
3 years ago
Read 2 more answers
Riverside Elementary School is holding a school-wide election to choose a school color. Five-eighths of the votes were for blue,
Mnenie [13.5K]

Answer:

Step-by-step explanation:

Let the total number of votes to choose a color = x

Number of votes for blue = \frac{5}{8}\times x

Remaining votes = x - \frac{5}{8}\times x

                            = \frac{8x-5x}{8}\times x

                            = \frac{3}{8}\times x

Votes for green = \frac{5}{9}\times (\text{Remaining votes})}

                          = \frac{5}{9}\times \frac{3x}{8}

                          = \frac{5}{24}\times x

Finally remaining votes = \frac{3x}{8}-\frac{5x}{24}

                                       = \frac{9x-5x}{24}

                                       = \frac{4x}{24}

                                       = \frac{x}{6}

Since these votes are for red therefore,

\frac{x}{6} = 48

x = 48×6

  = 288

a) Votes for blue are \frac{5x}{8}

Therefore, exact number for blue votes = \frac{5\times 288}{8}

= 5×36

= 180

b). Votes for green = \frac{5x}{24}

= \frac{5\times 288}{24}

= 60

c). Since 25 students were absent on that day of the vote, number of students at Riverside Elementary School = 288 + 25

= 313

d). Since seven tenths of the votes for blue were made by the girls.

Therefore, number of girls voted for blue = \frac{7}{10}\times 180

= 7×18

= 126

Since total votes made = 288

Therefore, half of the votes made = \frac{288}{2}

= 144

Now it's clear that number of votes made by girls is less than half of all the votes.

e). 126 girls voted for blue.

5 0
3 years ago
The difference between the length and the width of a rectangle is 5 centimeters. What id the length (the longer side) of the rec
Georgia [21]

Answer:

29

Step-by-step explanation:

106=2(x+x+5)

53=2x+5

48=2x

24=x

24+5=29

3 0
3 years ago
Lena's engagement ring has a radius of 9 millimeters. What is the ring's circumference? Use 3.14 for ​
scoray [572]

Answer:

Given - Radius of ring is 9 millimeters

To find - Circumference

Solution -

9 millimeters = 0.9 centimeters

Circumference of circle = 2 × pie × r

= 2 × 3.14 × 0.9

= 6.28 × 0.9

= 5.652

4 0
3 years ago
I'm stuck on number 1 can somebody help me out?please☺
yuradex [85]
You have to find the common denominator which is 4 and multiply 26 by 4 which equals 104 add 3 which is 107 and divide by 4


Answer:107/4
7 0
3 years ago
Other questions:
  • Mr.Gonzales has only $42.50 to spend at a clothing store. He wants to buy a shirt that costs $29, including tax, and some bracel
    7·1 answer
  • Vicki and Tamra are working on their math homework together. Vicki has worked p problems, and Tamra has worked 3 times as many p
    10·2 answers
  • Find the limit and confirm using the Sandwich Theorem: lim x-&gt;infinity (1 - cosx) / (x^2)
    7·1 answer
  • Problem Solving
    5·1 answer
  • Mr.Driscoll has 9 reports to grade.There are 6 pages for each report.He grades 12 pages.How many pages does he still have to gra
    13·1 answer
  • What is the answer ?
    10·1 answer
  • Which of the fallowing is an incorrect way to label the line in the diagram below
    12·2 answers
  • Which expression represents (3x^2y^4) (4xy^2)
    10·1 answer
  • Where does -5 5/6 go between -5 and -6 on a number line
    11·1 answer
  • Ways that a person can get micronutrients from non-food sources.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!