The amount of money in the account after 10 years is $278,814.10.
<h3>What will be the value of the account after 10 years?</h3>
The first step is to determine the amount she has left to invest.
Amount invested = amount won - amount spent on vacation
$250,000 - $10,000 = $240,000
The second step is to determine the future value of the account. The formula for calculating future value:
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate = 1/5/12 = 0.125%
- m = number of compounding =12
- N = number of years
240,000 x 1.00125^(12 x10) = $278,814.10
To learn more about future value, please check: brainly.com/question/18760477
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Answer:
72.72..%
Step-by-step explanation:
96/132=0.7272...=72.72..%
OK so there is a total of thirty five hours so multiply thirty five by sixty since there is sixty minutes in one hour which once thirty five and sixty are multiplied it is two thousand one hundred so you divide by ten because each performance took ten minutes and the hours were already turned into minutes so after dividing you her two hundred ten.
Solve the following system using elimination:
{4 x - 3 y = 8 | (equation 1){-10 y = -11 | (equation 2)
Multiply equation 2 by -1:
{4 x - 3 y = 8 | (equation 1)
{0 x+10 y = 11 | (equation 2)
Divide equation 2 by 10:
{4 x - 3 y = 8 | (equation 1)
{0 x+y = 11/10 | (equation 2)
Add 3 × (equation 2) to equation 1:
{4 x+0 y = 113/10 | (equation 1)
{0 x+y = 11/10 | (equation 2)
Divide equation 1 by 4:
{x+0 y = 113/40 | (equation 1)
{0 x+y = 11/10 | (equation 2)
Collect results:
Answer: {x = 113/40
{y = 11/10
