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4 years ago

You deposit $1,609 in an account that pays 4% interest compounded yearly . Find the balance at the end of 7 years.

Mathematics

1 answer:

cestrela7 [59]4 years ago

4 0

The equation is A=P(1+I)^t
Plug in all your variables to get A=1609(1+0.04)^7
Solve to get A=$2117.33

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Mrs. Jackson put a total of $10,000 into two accounts one account earns 6% simple annual interest the other account earns 6.5% s

kozerog [31]

Answer:

The money invested in account at 6 % rate is $ 9230.77

The money invested in account at 6.5 % rate is $ 769.23

Step-by-step explanation:

Given as :

The total amount saves in two account = $ 10,000

The two rate of interest are 6 % and 6.5 % at simple interest

The interest earn at 6 % rate = $ 632

The interest earn at 6.5 % ate = $ 50

Now, Let The amount deposit at 6 % rate = $ x

And The amount deposit at 6.5 % rate = $ 10,000 - $ x

<u>From Simple Interest method</u>

Simple Interest = $\dfrac{\textrm principal \times \textrm Rate\times \textrm time}{100}$

or, At 6.5 % rate

$ 50 = $\dfrac{\textrm (10,000 - x ) \times \textrm 6.5\times \textrm 1}{100}$

or, 10000 - x = $\frac{5000}{6.5}$

Or, 10000 - x = 769.23

∴ x = 10000 - 769.23

I.e x = $ 9230.77

So , At 6.5 % the amount deposit = 10,000 - 9230.77 = $ 769.23

So, At 6 % The amount deposit = $ 9230.77

Hence The money invested in account at 6 % rate is $ 9230.77

And The money invested in account at 6.5 % rate is $ 769.23 Answer

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4 years ago

I"LL GIVE 100 PTS PLEASE ANSWER THIS QUESTION

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Answer:

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3 years ago

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Vanessa started with $800 in a bank account that does not earn interest. In the middle of every month, she withdraws 14 of the a

Nataliya [291]

An =800 *an-1 an a1=14

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4 years ago

Which number line shows the solution to 11x + 14 < –8?

Alika [10]

Answer:

positive 11x+ positive 14 to the right is greater than negative 8 to the left

Step-by-step explanation:

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3 years ago

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A rectangular sign has length of 3 and 1/2 ft and a width of 1 and 1/8 ft. Will the area of the sign be greater or less than 3 a

zavuch27 [327]

Answer:

$Area = 3\dfrac{15}{16}\ sq\ ft$

Area is greater than $3\frac{1}{2}$ sq ft.

Step-by-step explanation:

Length of rectangular sign board = $3\frac{1}{2}$ ft

Width of rectangular sign board = $1\frac{1}{8}$ ft

Area of a rectangle is given by the formula:

$A = Length \times Width$

To find the area, we are going to multiply $3\frac{1}{2}$ with $1\frac{1}{8}$ .

$1\frac{1}{8}$ is greater than 1.

Therefore the multiplication will be greater than $3\frac{1}{2}$ .

Hence, we can say that area will be greater than $3\frac{1}{2}$ sq ft.

Area of the sign:

$A = 3\dfrac{1}{2}\times 1\dfrac{1}8\\\Rightarrow A = \dfrac{7}{2}\times \frac{9}8\\\Rightarrow A = \dfrac{63}{16}\\\Rightarrow A = 3\dfrac{15}{16}\ sq\ ft$

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3 years ago