1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Goryan [66]
3 years ago
11

Using the formula in model 1, choose the correct answers for the total amount and amount of interest earned in the following com

pound interest problem. $5,000 at 3% for 7.0 years, compounded annually.
Total Amount = $
Interest Amount =$
Mathematics
2 answers:
miss Akunina [59]3 years ago
6 0
A=5,000×(1+0.03)^(7)
A=6,149.37
Interest earned=1149.37
Ierofanga [76]3 years ago
3 0

Answer:

1) Total amount = $6149.35

2) Interest amount = $1149.35

Step-by-step explanation:

Given : Compound interest problem-  $5,000 at 3% for 7.0 years,compounded annually.

To find :  

1) Total Amount = $  

2) Interest Amount =$

Solution :

Using compound interest formula,

A=P(1+r)^t

Where A is the amount  

P is the principle P=5000  

r is the rate r=3%=0.03

t is the time t= 7 years

Substitute the value,

A=P(1+r)^t

A=(5000)(1+0.03)^7

A=(5000)(1.03)^7

A=5000\times 1.2298

A=6149.35

Total amount = $6149.35

Interest amount = Total amount - Principle

Interest amount =$6149.35 - $5000

Interest amount = $1149.35

You might be interested in
Rewrite 9 over 6 as a equivalent fraction and percent
vovangra [49]

Answer:3/2 and 150%

Step-by-step explanation:

9/6 divided by 3 on both top and bottom and get 3/2

9÷ 6= 1.5 so convert it into a percent! (move the decimal 2 places to the Right) 150%

5 0
3 years ago
Bryce intended to swim directly across a stream that is 99 meters wide. But the current caused him to arrive at the opposite sho
Misha Larkins [42]

Answer:

101 meters

Step-by-step explanation:

The direct path across the stream and perpendicular to both sides of the stream is one leg of a right triangle. The 20 meter distance on the arriving side of the stream is another leg of the right triangle. The path he actually took is the hypotenuse of the right triangle.

leg 1 = 99 m

leg 2 = 20 m

hypotenuse = ?

We have a right triangle, and we know the lengths of the two legs. We need to find the length of the hypotenuse, so we can use the Pythagorean theorem.

a^2 + b^2 = c^2

99^2 + 20^2 = c^2

9801 + 400 = c^2

c^2 = 10201

c = sqrt(10201) = 101

Answer: 101 meters

6 0
3 years ago
How to solve 4/7y-2 = 3/7 + 3/14
lisabon 2012 [21]
Solution

1) Simplify \frac{4}{7y}<span> to </span>\frac{4y}{7}
\frac{4y}{7} <span>−2= </span>\frac{3}{7} + \frac{3}{14}

2) Simplify \frac{3}{7} + \frac{3}{14} <span>to <span>914</span>
</span>\frac{4y}{7} <span>−2= </span>\frac{9}{14}

3) <span>Add 2 to both sides
</span>\frac{4y}{7} = \frac{9}{14} <span>+2
</span>
4) Simplify \frac{9}{14&#10;} <span><span>+2</span> to </span>\frac{37}{14}
\frac{4y}{7} = \frac{37}{14}

5) <span>Multiply both sides by 7
</span><span>4y= </span>\frac{37}{14} <span>×7
</span>
6) Simplify \frac{37}{14} <span><span>×7</span> to </span>\frac{259}{14}
\frac{4y}{7} =\frac{259}{14}

7) Simplify \frac{259}{14}<span> to </span>\frac{37}{2}
\frac{4y}{7} = \frac{37}{2}

8) <span>Divide both sides by 4
</span>y= \frac{37}{2} <span>×4
</span>
9) <span>Simplify <span>2×4</span> to 8
</span><span>y=</span>\frac{37}{8}
<span><span>
Hope this helps 

</span></span>
5 0
3 years ago
What is the equation that models the sequence 6,12,24,48
labwork [276]
The equation that models the sequence is: 6+6 each time.
8 0
3 years ago
Read 2 more answers
Determine for each number whether it is a rational or irrational number.
gizmo_the_mogwai [7]
The first is an irrational number and the rest are rational
Any number that can be reduced or written as a fraction is a rational number
Hoped this helped
3 0
3 years ago
Other questions:
  • The sum of three numbers is 91. the third number is 2 times the first. the first number is 7 less than the second. what are the
    8·1 answer
  • If i was born in 1996 how old am i in 2017
    12·2 answers
  • Solve for t. You must write your answer in fully simplified form.<br> -7t = 18
    6·1 answer
  • Find the distance between the origin and the point ,(8,3)​
    8·2 answers
  • Today, everything at a store is on sale. The store offers a 20% discount.
    13·1 answer
  • The slope of the line below is - Write a point-slope equation of the line
    8·1 answer
  • F(x) = –22 + 10x – 2<br> Find f(-5)
    12·1 answer
  • Can somebody please help me?
    5·1 answer
  • How do i find the answer of this math question or problem f(x) = 4x − 9?
    9·1 answer
  • Calculate the magnitude of the angle ABC from the breeze data
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!