Ask question

Ask question

All categories

3 years ago

12

how much would $400 be worth after 16 years , if it were invested at 3% interest compounded annually ?

2 answers:

Andre45 [30]3 years ago

7 0

Hello!

Judging on the question you have provided I have generated this equation to represent the situation 400(1.03^x) X being years.

To solve this equation you need to plug in 16 for X amount of years.
The new equation should look something like this 400(1.03^16)

Lastly solve!
The answer you get should be $641.88

Hope this helped!
-Blake

egoroff_w [7]3 years ago

6 0

The equation for interest is
'Initial amount (interest rate in decimal form) ^ times compounded EX: years'

your equation would be
400(1.03)^16

which equals 641.882576 (not rounded)

You might be interested in

Scarlett is playing a video game she spends 900 minerals to create 18 workers each worker costs the same number of minerals writ

Rufina [12.5K]

Answer:

W=50M

Step-by-step explanation:

Since there are 18 workers per 900 minerals, divide out to simplify.

STARTING EQUATION: 900m=18w

SIMPLIFY: divide both sides by 18.

SIMPLIFIED: 50m=1w

There is your answer!

4 0

3 years ago

Read 2 more answers

Simplify expressions

charle [14.2K]

<h3>a) $\frac{2}{5} \div ( - \frac{3}{4} )$ </h3><h3>■Dividing a positive and a negative equals a negative: (+)÷(-)=(-)</h3>

<h2> $- \frac{2}{5} \div \frac{3}{4}$ </h2><h3>■To divide by a fraction, multiply by the reciprocal of that fraction</h3>

<h2> $- \frac{2}{5} \times \frac{4}{3}$ </h2><h3>■Multiply the fractions</h3>

<h2> $- \frac{8}{15}$ </h2>

<h3>Hence, Quotient = $- \frac{8}{15}$ </h3>

<h3>b) $0.4 \div ( - 0.75)$ </h3><h3>■Convert the decimals into a fractions</h3>

<h2> $\frac{2}{5} \div ( - \frac{3}{4} )$ </h2><h3>■Dividing a positive and a negative equals a negative: (+)÷(-)=(-)</h3>

<h2> $- \frac{2}{5} \div \frac{3}{4}$ </h2><h3>■To divide by a fraction, multiply by the reciprocal of that fraction</h3>

<h2> $- \frac{2}{5} \times \frac{4}{3}$ </h2><h3>■Multiply the fractions</h3>

<h2> $- \frac{8}{15}$ </h2><h3>Hence, Quotient is $- \frac{8}{15}$ </h3>

<h3>c) $- \frac{2}{5} \div \frac{3}{4}$ </h3><h3>■To divide by a fraction, multiply by the reciprocal of that fraction</h3>

<h2> $- \frac{2}{5} \times \frac{4}{3}$ </h2><h3>■Multiply the fractions</h3>

<h2> $- \frac{8}{15}$ </h2><h3>Hence, The Quotient is $- \frac{8}{15}$ </h3>

4 0

2 years ago

What is the next number in the series 4 12 6 9 8 6

NNADVOKAT [17]

4,6,8 are being counted by twos so the next one is 10
4•3= 12, 6+3=9, 8-3=6, the next operation I assume would be division so 10/3= 3.34

8 0

3 years ago

Read 2 more answers

Jonathan had 28 papers in his desk his teacher gave him n more papers write an expression that represent the number of papers Jo

Delvig [45]

Answer:

x=28+n

Step-by-step explanation:

So, the teacher is giving Jonathan papers so we know its addition.

28+n

So lets have x equal the amount of papers he has on his desk after the new papers are added.

x=28+n

7 0

3 years ago

Read 2 more answers

The data below represents the number of essays that students in Mr. Ji's class wrote. 2,3,5,5,6,7,8,8,11 Which box plot correctl

sweet-ann [11.9K]

Answer:

C

Step-by-step explanation:

2,3,5,5,<u>6</u>,7,8,8,11

6 is the middle line, 8 is the end of the box, and 4 is the beginning of the bow.

Hope this helps.

5 0

3 years ago