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3 years ago

A principal of $2000 is invested at 6% Interest, compounded annually. How much will the investment be worth after 11 years

Mathematics

1 answer:

scoundrel [369]3 years ago

4 0

Answer:

A=3797 dollars

Step-by-step explanation:

A=P(1+r)^t t=time period, r is the rate, P is the principal

A=2000(1+0.06)^11

A=3797 dollars

You might be interested in

The slope of a line passing through H (-2, 5) is -3/4. Which ordered pair represents a point on this line?

oksano4ka [1.4K]

Answer:
(6,-1)

Explanation:
The slope of the line can be calculated using the following formula:
slope = $\frac{y2-y1}{x2-x1}$

We are given that:
slope = -0.75
point (x1,y1) is (-2,5)

We will use each of the given points to calculate the corresponding slope, then compare the calculated slope with the given one.

For point (6,-1):
slope = $\frac{-1-5}{6--2}$ = -0.75 ........> accepted choice

For point (2,8):
slope = $\frac{8-5}{2--2}$ = 0.75 ........> rejected choice

For point (-5,1):
slope = $\frac{1-5}{-5--2}$ = 4/3 ........> rejected choice

For point (1,1):
slope = $\frac{1-5}{1--2}$ = -4/3 ........> rejected choice

Therefore, the first option is the only correct one.

Hope this helps :)

5 0

2 years ago

Fabric is sold by the yard and many fabrics are 48" wide (4feet). Designers calculate the square feet needed for a garment in or

Natali5045456 [20]

Answer:

How many yards of material does the designer need for the 6 skirts? = 12

How much will ALL the fabric cost? = $150.84

What is the cost of the fabric of ONE skirt? = $12.57

Step-by-step explanation:

How many yards of material does the designer need for the 6 skirts?

First, it says that the yard is 48" wide aka 4 feet. But since it's asking for a total of 6 skirts, you multiply the yard by the number of skirts. Let's try to multiply 48 with 6.

x 6

288

So it will be 288 yards of material but we need to multiply 4 with 6.

x 6

So as you can see, 24 is 12 times as many as 288.

If you multiply 24 with 12, you will get the result of 288.

So the answer is 12 yards of material.

-----------------------------------------------------------------------------------------------------------------

How much will ALL the fabric cost?

First, it says that the cost of the fabric is $12.57 per yard.

So, since we got our answer as 12 for our first question, we gotta multiply $12.57 with 12.

12.57

x 12

150.84

So the answer is $150.84.

-----------------------------------------------------------------------------------------------------------------

What is the cost of the fabric for ONE skirt?

First, again we check that it's $12.57 per yard.

So, if it's for only one skirt, it will be $12.57.

It says that the fabric cost $12.57 and for one skirt.

-----------------------------------------------------------------------------------------------------------------

Hope this helped! I tried to help though. I didn't read the whole thing but I tried to solve your 3 questions :) !

7 0

3 years ago

Read 2 more answers

The value is $400 invested at 4% interest compounded monthly for 10 years.

svetoff [14.1K]

The equation for interest is
'Initial amount (interest rate in decimal form) ^ times compounded EX: years'

your equation would be
400(1.04)^10

which equals 592.097713 (not rounded)

8 0

3 years ago

Anced

Lisa [10]

Answer:

The number is 52 or 25.

Step-by-step explanation:

The photo has the full solution

5 0

2 years ago

Select the correct answer. Which number has a terminating decimal expansion? A. 2/7 B.√12 C. 5/8 D. 2/11

quester [9]

Answer:

Option C is correct option.

Step-by-step explanation:

We need to determine which number has a terminating decimal expansion.

Terminating decimal

A decimal number that contains a finite number of digits after the decimal point is called terminating decimal .

for example 0.123 is terminating decimal as it has finite number of digits after decimal point.

Now, we will look at each option to find the terminating decimal

A. 2/7

Converting in decimal form: 0.28571....

As it doesn't contain finite numbers after decimal point, so 2/7 is not terminating decimal.

B.√12

Converting in decimal form: 3.46410....

As it doesn't contain finite numbers after decimal point, so √12 is not terminating decimal.

C. 5/8

Converting in decimal form: 0.625

As it contain finite numbers after decimal point, so 5/8 is terminating decimal.

D. 2/11

Converting in decimal form: 0.18181....

As it doesn't contain finite numbers after decimal point, so 2/11 is not terminating decimal.

Therefore, Option C is correct option.

4 0

2 years ago