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
larisa86 [58]
3 years ago
11

In 1626, the Dutch bought Manhattan Island, now part of New York City, for $24 worth of merchandise. Suppose that, instead, $24

had been invested in an account that paid 3.5% interest each year. Find the balance in 2008.
Mathematics
2 answers:
Radda [10]3 years ago
5 0
2008 - 1626 -= 382

24 x (1.305)^382

= 12,229,955,10

Hope this helps
Talja [164]3 years ago
3 0

Answer:

The balance in 2008 is $12,229,955.10

Step-by-step explanation:

In 1626, the Dutch bought $24 worth of merchandise.

instead, $24 had been invested in an account that paid 3.5% interest each year, find the balance in 2008.

2008 - 1626 = 382 years

We calculate by compound interest formula :

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

Where P = Principal amount ( $24)

           r = Rate of interest  3.5% ( 0.035 )

           t = 382 years

           n = number of compounding in a year ( 1 )

Now we put the values in formula

24(1+\frac{0.035}{1})^{(1)(382)}

= 24 ( 1.035 )^{382}

= 24 (509581.462506)

= $12,229,955.10

The balance in 2008 is $12,229,955.10

You might be interested in
A frozen yogurt shop allows guests to fill a cone shaped cup with frozen yogurt, and customers pay $0.08 per cubic inch. If each
Dafna1 [17]

Answer: Your answer is 3.77

Step-by-step explanation:

3 0
3 years ago
Consider the following system:
Goryan [66]
You did not include the choices. However, I answered one that just included them. I've included the possible answers below and then the correct answers. 

<span>A multiple of Equation 1. 
B. The sum of Equation 1 and Equation 2 
C. An equation that replaces only the coefficient of x with the sum of the coefficients of x in Equation 1 and Equation 2. 
D. An equation that replaces only the coefficient of y with the sum of the coefficients of y in Equation 1 and Equation 2. 
E. The sum of a multiple of Equation 1 and Equation 2.

</span>A, B and E.

Adding and multiplying the terms allow them to keep working. However, you must make sure that each variable is changed each time. Not just one as in C and D. 
4 0
3 years ago
Read 2 more answers
HELP PLSSSSSSSSSSSSSSSSSSSSS
vredina [299]
C because the the negative always is turned into a positive if you leave a braniest answer that would mean a lot of it helped thanks!!!
8 0
3 years ago
Read 2 more answers
I need the equation and the answer and how to do it, thank you&lt;3
vazorg [7]

Answer:

19=5+(j times 2/3) j=21

Step-by-step explanation:

While reading out the equation, you understand that Hannah's 19 Jolly Ranchers is what the equation is being set to. 5 more means +5. 2/3 of J can be written as (2/3 times J). You can solve for J by setting the equation to J.

3 0
3 years ago
A coat is priced at $50 the sale tax is 6.5% how much is the total price​
pickupchik [31]

Answer:

The answer is 53.25

Step-by-step explanation:

Before Tax Price: $50.00

Sale Tax: 6.50% or $3.25

After Tax Price: $53.25

7 0
3 years ago
Other questions:
  • What is the first step to simplify the expression: 4+(3-5)2 /5-6 divide by 2 =?
    12·2 answers
  • How to differentiate a function?
    7·1 answer
  • (34-4) - 3+3 to the 2nd power is?
    7·1 answer
  • 0, 1, 4, 9, 16, 25, what's the next number
    10·1 answer
  • Select the correct answer.
    11·2 answers
  • Question 4 of 10<br> What is i86<br> O A. -1<br> B. 1<br> O c. i<br> O D. 1
    9·1 answer
  • Find the surface area of a cylinder with a height of 10 inches and base diameter of 6 inches?
    9·1 answer
  • What is the slope to this one? Will give brainliest
    9·2 answers
  • What is the equation of the line that is horizontal and goes through the y-axis<br> at -4?
    15·2 answers
  • I need help please think before you answer
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!