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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

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HELP PLEASE!)
natima [27]
It should be 376,656 ft^2 bc
1. square the bases (456 x 456 = 207936)
2. four triangles 4(1/2 x base x height) which would be 4(1/2 x 456 x 185) = 168720
then add up 168720 + 207936 = 376656
hope this helps :D
8 0
1 year ago
Solve for x. 25 - 3x = -5(1 - x) - 2x
grandymaker [24]

Answer:

x = 5

Step-by-step explanation:

25 - 3x = -5(1 - x) - 2x

<u></u>

<u>We have to first get rid of the parenthesis:</u>

-5 * 1  ==>  -5

-5 * -x  ==>  5x

<u>So now you should have:</u>

25 - 3x = -5 + 5x - 2x

<u>Combine like terms:</u>

25 - 3x = -5 + 5x - 2x

25 - 3x = -5 + 3x

<u>Add 3x to both sides:</u>

25 - 3x  =  -5 + 3x

    + 3x  =      + 3x

<u>And you should have:</u>

25 = -5 + 6x

<u></u>

<u>Add 5 to both sides:</u>

25 = -5 + 6x

+5 = +5

30 = 6x

<u>Divide 6 to both sides:</u>

\frac{30}{6}     =      \frac{6x}{6}

5 = x

3 0
2 years ago
Read 2 more answers
What does A(2,5) become after rotated 360 degrees?
Salsk061 [2.6K]

Answer:

D

Step-by-step explanation:

Its D because when you rotate 360 degrees you end up back where you were

4 0
3 years ago
Joshua sells a pack of pens for $3.15, which is 5 percent more than he pays for them. Which equation will help find x, the amoun
nikdorinn [45]

Answer:

x+0.05x=3.15 which has one solution

Step-by-step explanation:

Complete question below:

Joshua sells a pack of pens for 3.15 which is 5 percent more than he pays for them. which equation will help find x, the amount he pays for a pack of pens? how many solutions will this equation have? x+0.05x=3.15, which has infinitely many solutions x+0.5x=3.15, which has one solution x+0.05×=3.15 which has one solution 0.05×=3.15, which has no solution

Let

x= the amount Joshua pays for a pack of pen

5% of x more than he paid for them

=0.05x more

Buying price=0.05x + x

Selling price=3.15

Equate buying and selling price

0.05x + x = 3.15

1.05x=3.15

Divide both sides by 1.05

1.05x / 1.05 = 3.15/1.05

x=3

The equation is 0.05x+x=3.15

The answer is:

x+0.05x=3.15 which has one solution

3 0
3 years ago
Need help please show work I’m confused
ANEK [815]

Answer:

4 2 8 89 8

Step-by-step explanation:

6 0
3 years ago
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