Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
Given:
Amount in the savings account = 4300
Each week, Raul pays the dog sitter 30 from his savings account.
To find:
The function, f(x), that is equal to the amount of money in the account after Raul pays the dog sitter each week.
Solution:
Let x be the number of weeks.
Raul pays the dog sitter in 1 week = 30
Raul pays the dog sitter in x week = 30x
Remaining amount = Initial amount - Amount he pays the dog sitter
Therefore, the required function is .
Brother's age = b
Jonna's age = b + 4
Brother's age + Jonna's age = 2b + 4
Answer: 2b + 4
Answer:
7
x
+
y
=
0
x
−
y
+
4
=
8
6
x
−
3
y
=
12
Step-by-step explanation: