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tatiyna
3 years ago
15

If $20,900 is invested at an interest rate of 8 percent per year, find the value of the investment at the end of 5 years for the

following compounding methods.
Anual, semiannual, monthly, daily, continuously
Mathematics
1 answer:
Katena32 [7]3 years ago
6 0

Answer:

annual

Step-by-step explanation:

You make a single deposit of $100 today. It will remain invested for 4 years at 8% per year compounded annually. What will be the future value of your single deposit at the end of 4 years?

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You deposit the same $10,000 into a bank account at 4% annual interest. How long will it take for the $10,000 to compound to $30
Readme [11.4K]

Answer:

time = 28 years

Step-by-step explanation:

Given,

principal amount = $10,000

rate = 4%

total amount = $30,000

According to compound interest formula

A\ =\ P(1+r)^t

where, A = total amount

            P = principal amount

            r = rate

            t = time in years

so, from the question we can write,

30000\ =\ 10000(1+0.04)^t

=>\ \dfrac{30000}{10000}\ =\ (1+0.04)^t

=>\ 3\ =\ (1.04)^t

by taking log on both sides, we will get

=> log3 = t.log(1.04)

=>\ t\ =\ \dfrac{log3}{log1.04}

=> t = 28.01

So, the time taken to get the amount from 10000 to 30000 is 28 years.

8 0
3 years ago
What is the value of 3 in 743275
dusya [7]
The value of 3 would be 3,000.

Why thousands? Well because u have to count from the right, then back, so ones, tens, hundreds, then thousands lands on 3 so hope this helps.
4 0
3 years ago
You hang two strands of decorative lights.
Sphinxa [80]

Answer:

The stands will change color at the same time after 54 seconds.

Step-by-step explanation:

Find the Lcm number of both number (18 and 27)

The answer will be 54

5 0
2 years ago
How many zeros are at the end of the product 25* 240?
SashulF [63]

Answer:Three zeros

Step-by-step explanation:

Just multiply them and see.  

6 0
3 years ago
A group of hikers walked 2 1/4 km in 3/4 hour.The distance here varies directly with time. What is the constant of variation?
telo118 [61]

The distance depends on the time.

So now we need to find the constant of variation or the constant of proportionality.

To do so we must find y(the dependent variable) and x(the independent variable).

To find the constant(k) we must find y/x

Since y/x=k

Then 2.25/.75=k

k=3

3 0
3 years ago
Read 2 more answers
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