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Butoxors [25]
3 years ago
13

A bank representative studies compound interest so she can better serve customers. She analyzes what happens when 2,000 earns se

veral ways at a rate of 4% for 3 years
Mathematics
1 answer:
Law Incorporation [45]3 years ago
3 0

Answer:

Final amount = 25,407.4

Step-by-step explanation:

A = P ( 1 + \frac{r}{t} )n^{}

A = final amount

P = initial principal balance

r = interest rate

t = number of times interest applied per time period

Here P = 2000

r = 4 %

n = 3 years

A = 2000( 1 + \frac{4}{3} )³

    = 2000( \frac{7}{3} )³

   = 2000 × \frac{343}{27}

   = 25,407 .4

Final amount = 25,407.4

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dem82 [27]

(trying to isolate/get x by itself in the equation)

5(x + 6) = 50      Distributive property   [distribute 5 into (x + 6)]

5x + 30 = 50    Subtraction    [subtract 30 on both sides of the equation]

5x = 20       Division     [divide 5 on both sides]

x = 4

Subtraction then division, the 2nd option

7 0
2 years ago
Read 2 more answers
Beth buys 5 gallons of tea for a party. If each serving is 1 cup how kany servings will there be at the party
Bumek [7]

Answer:

80, because there a 16 cups in one gallon and 5 gallons

Step-by-step explanation:

5 0
3 years ago
Calculate had a net income of 5 million dollars in 2010, while a small competing company, Computate, had a
Julli [10]

9514 1404 393

Answer:

  a) see the attached spreadsheet (table)

  b) Calculate, for a 10-year horizon; Computate for a longer horizon.

  c) Year 13; no

Step-by-step explanation:

a) The attached table shows net income projections for the two companies. Calculate's increases by 0.5 million each year; Computate's increases by 15% each year. The result is rounded to the nearest dollar.

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b) After year 4, Computate's net income is increasing by more than 0.5 million per year, so its growth is faster and getting faster yet. However, in the first 10 years, Calculate's net income remains higher than that of Computate. If we presume that some percentage of net income is returned to investors, then Calculate may provide a better return on investment.

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c) Extending the table through year 13, we see that Computate's net income exceeds Calculate's in that year. It continues to remain higher as long as the model remains valid.

6 0
3 years ago
Translate each equation into verbal sentence.
Sedbober [7]
Translate each equation into verbal sentence.<span>g+10=3g

2q+4q=20

4 (a+b)=9a

8_6x=4+2x

S (squared)-3 (squared)=2b

</span>
5 0
2 years ago
How many 8-ounce cups can be filled from 9 gallons of juice? (Hint: there are 128 ounces in one gallon
Anna35 [415]
128 * 9 = 1152
1152/8 = 144
So it can fill 144 cups
3 0
3 years ago
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