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3 years ago

14

Aaron deposits $8,000 into an account that earns 3% interest, compounded Annually. How much money will he have after 4 years

1 answer:

Lapatulllka [165]3 years ago

4 0

The equation used for this problem is

F = P(1+i)ⁿ
where
F is the future worth
P is the present worth
i is the effective interest rate
n is the number of years

Substituting the values,

F = <span>$8,000(1 + 0.03)</span>⁴
F = $9,004.07

Thus, after 4 years, Aaron will have $9,004.07.

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100 POINTS FOR BRAINLIEST! according to the image, whats the answer? Answer wisely for the full 100

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Step-by-step explanation:

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2 years ago

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two crates contain Apple's, pears and oranges. there are 184 apples and pears in crate one and 248 apples and oranges in the sec

Ray Of Light [21]

Answer: There are 152 apples.

The explanation is shown below:

- You need to write the following three equations, where $a$ is the the number of apples, $p$ is the number of pears and $o$ is the number of oranges:

1) $a+p=184$

2) $a+o=248$

3) $o=3p$

- You must substitute the equation 3) into the equation 2):

$a+3p=248$

- Now, you need to solve for $p$ in the equation 1) and then you must substitute it into $a+3p=248$ :

$p=184-a$

$a+3(184-a)=248$

- Solve for $a$ , as following:

$a+552-3a=248\\-2a=-304\\a=\frac{-304}{-2}\\a=152$

- Therefore, there are 152 apples.

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3 years ago