3 years ago

Write 428,250,230 in expanded form using multiples of 10

Mathematics

1 answer:

NISA [10]3 years ago

5 0

400,000,000 + 20,000,000 + 8,000,000 + 200,000 + 50,000 + 200 + 30

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4 years ago

What is 5 + 11g when g = 4? A. 119, B. 64, C. 49, D. 44

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You have decided to invest $1000 in a savings bond that pays 4% interest, compounded semi-annually. What will the bond be worth

Evgen [1.6K]

Answer:

$2191.12

Step-by-step explanation:

We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.

$FV=C_0\times (1+r)^n$ , where,

$C_0=\text{Initial amount}$ ,

r = Rate of return in decimal form.

n = Number of periods.

Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.

$4\%=\frac{4}{100}=0.04$

$FV=\$1,000\times (1+0.04)^{20}$

$FV=\$1,000\times (1.04)^{20}$

$FV=\$1,000\times 2.1911231430334194$

$FV=\$2191.1231430334194$

$FV\approx \$2191.12$

Therefore, the bond would be $2191.12 worth in 10 years.

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