Answer:
9
Step-by-step explanation:
because its odd
After t years, the expression that can be used to represent the money in Jenny account is Mp=2000(1.05)^t+(1.05)^4
<h3 /><h3>Compound interest Computation</h3>
Given Data
A = P + I where
P (principal) = $2,000.00
I (interest) = $431.01
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 5/100
r = 0.05 rate per year,
Then solve the equation for A
A = P(1 + r/n)^nt
A = 2,000.00(1 + 0.05/1)(1)(4)
A = 2,000.00(1 + 0.05)(4)
A = $2,431.01
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $2,000.00 at a rate of 5% per year compounded 1 times per year over 4 years is $2,431.01.
Learn more about compound interest here:
brainly.com/question/24924853
Answer:
Adam's car will be 8,406£ in 22 years.
Step-by-step explanation:
I. Find the lose value of 2.5% car by
2.5/100 = x/18,680
46,700/100 = x
x = 467 or the lose value in 1st year.
II. Find the true value of Adam's car by
n year = 18,680 - 467(n)
1st = 18,680 - 467(1)
= 18,213 means if he sell his car now, he'll get 18,213£
22th = 18,680 - 467(22)
= 18,680 - 10,274
= 8,406£
That makes 8,406£ is the right answer.
Hope that help :)
Answer: The correct answer is: (Line segment E F)
Step-by-step explanation: Took the assignment.
Answer:
14.6328% , $5836.03
Step-by-step explanation:
Here we are going to use the formula
= 39000
r=?
= 11000
n=8
Hence
Hence r= 0.1463
In percentage form r = 14.63%
Now let us see calculate the value of car in 2003 that is after 12 years
we use the main formula again
= 39000
r=0.1463
= ?
n=12
Hence the car's value will be depreciated to $5840.34 (approx) by 2003.
