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Vitek1552 [10]
3 years ago
7

Find the final value of 2000 invested at an interest rate of 3% compounded quarterly for 8 years

Mathematics
2 answers:
kykrilka [37]3 years ago
8 0

Answer:

2540.22

Step-by-step explanation:

The equation

Final value=amount invested (1+(interest rate÷ quarter)) ^(quarter ×time)

Apply the given in the question to the equation

Final value=2,000×(1+(0.03÷4))^(4×8)

Final value=2540.22 the answer

Romashka [77]3 years ago
3 0

Answer:

2540.22

Step-by-step explanation:

amount = principal amount * (1+ r/n) ^ nt

r= interest rate as decimal

n=number of times interest is compounded

nt=time

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15. Solve the compound inequality.<br> 5x - 11 &lt; -11 or 4x + 2 &gt; 14
s2008m [1.1K]

Answer:

Step-by-step explanation:

5x −11+11<-11+11

5x<0

5x/5<0/5

x<0

4x+2 -2 >14 -2

4x>12

4x/4>12/4

x>3

there both open not closed

hope this helps

5 0
3 years ago
In 2 mins., a conveyor belt moves 300 lbs. Of recycle aluminum from delivery truck to a storage area. A smaller belt moves the s
kodGreya [7K]

Answer:

1.8 minutes or 108 seconds

Step-by-step explanation:

The question tells us that the larger belt moves 300 lbs in 2 mins. And this is equal to 150 lb per minute

The question also tells us that a smaller belt moves the same quantity of 300 lbs in 18 mins. And this is equal to an average of 16.667 lb per min.

Both belts will move at a rate of 166.667 lb per min.

So it will take them 300 / 166.667 = 1.8 min or 108 s.

Therefore, the answer is 1.8 min

6 0
3 years ago
An elevador starts on the 100th floor of a building it descends 4 floor every 10 seconds At what floor will the elevator be 60 s
Colt1911 [192]
The elevator will be on the 76th floor in 60 seconds.
8 0
3 years ago
Read 2 more answers
Jolie sends between 22 and 23 text messages per day. Each text message costs $0.89. Suppose Jolie's cellular bill spans a period
kondor19780726 [428]

Answer:

C. $945

Step-by-step explanation:

Cost of 1 cellular bill = (number of text msgs per day) x (cost per text msg) x (number of days in billing period)

in this case, it is given that :

cost per text msg = $0.89

number of texts per day = 22 or 23

billing cycle = 6 weeks = 6 x 7 = 42 days

hence,

Cost of 1 cellular bill = (22 or 23) x $0.89 x 42 days

if she sends 22 messages,

Cost of 1 cellular bill = (22) x $0.89 x 42 days= $822.36

if she sends 23 messages,

Cost of 1 cellular bill = (2) x $0.89 x 42 days= $859.74

if we compare thse 2 numbers that we have calculated with the choices, the closest match would be C. $945. The rest are just too far away in comparison.

8 0
3 years ago
What is the value of y? <br><br> Enter your answer in the box.
Scrat [10]

Answer:

y = 20

Step-by-step explanation:

Since AB and AC are congruent then the triangle is isosceles, thus

∠B = ∠C = 25°

To find ∠A subtract the sum of the 2 angles from 180°

∠A = 180° - (25 + 25)° = 180° - 50° = 130°, thus

3y + 70 = 130 ( subtract 70 from both sides )

3y = 60 ( divide both sides by 3 )

y = 20

8 0
3 years ago
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