1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natka813 [3]
3 years ago
13

Need Help ASAP!!

Mathematics
1 answer:
Aleksandr-060686 [28]3 years ago
4 0

Answer:

$1480.24

Step-by-step explanation:

This will be solved by the formula:

FV=I(1+r)^t

Where

FV is the future value (what we are looking for)

I is the initial amount (which is $1000)

r is the rate of interest per period (8% is annual interest, but the period is SEMI-ANNUAL, that's 6 months, half of yearly. So r would be half of 8%, which is 4% or r = 0.04)

t is the times compounding occurs in the whole time (The whole time period is 5 years, but compounding occurs semi-annually, so 5*2 = 10 times. Thus, t = 10)

<em>plugging the info into the formula we will get our answer.</em>

<em>FV=I(1+r)^t\\FV=1000(1+0.04)^{10}\\FV=1000(1.04)^{10}\\FV=1480.24</em>

You might be interested in
A mule dear can 1/4 of a mile in 25 seconds. At this rate, what expression can be used to determine how fast a mule deer runs in
Naddika [18.5K]
We have to find how many seconds are in one hour.
There are 60 seconds in one minute, with 60 minutes in every hour.
60×60=3600
Now, see how many 25 seconds are in 3600 seconds.
3600÷25= 144
Now, we can multiply 144 by 14 or .25 since we are trying to find per hour.
144×.25= 36
36h
H being the hours you're trying to find. It runs 36 miles per hour.
5 0
3 years ago
Darryl has written 60 percent, or 12 pages, of his history report. Darryl wants to figure out how many total pages he needs to w
Valentin [98]

Answer:

total pages = 20

Step-by-step explanation:

60% of an unknown number is 12

Let the unknown number (total pages) be x.

60/100 of x = 12

60/100 * x = 12

3/5 x = 12

x = 12 * 5/3

x = 20

8 0
2 years ago
Read 2 more answers
Find the length of the base indicated for each trapezoid
evablogger [386]
Explain why dosea mountain climber needs an oxygen supply at very high altitude even through the air still contains 21% oxygen
5 0
2 years ago
How do you find square root of any number just give me a example
soldier1979 [14.2K]
25/5=5 5•5=25 there should be a button ur calculator too
5 0
2 years ago
Read 2 more answers
What is the product of (s+3t)(2s-2t)
tatuchka [14]
(s + 3t) * (2s - 2t) = 2s^2 - 2st + 6ts - 6t^2
3 0
2 years ago
Other questions:
  • a square garden with a side of 150m has a square swimming pool in the very center with a side length of 25m calculate the area o
    11·1 answer
  • Ralph Chase plans to sell a piece of property for ​$160,000. He wants the money to be paid off in two ways monica ​short-term no
    6·1 answer
  • Select all expressions that represent the area of the given triangle
    9·1 answer
  • A segment has an endpoint at (1,−2). The midpoint is at (−4,−2). What are the coordinates of the other endpoint?
    10·1 answer
  • Zoe lives 5/8 mile from the library.She walked 1/3 of the way to the library and ran the rest of the way. How far did Zoe walk?
    5·1 answer
  • What's additive property
    12·1 answer
  • Casey spent $2.50 on a snack,$1.24 on gum,$3.76 on a comic book, and $5.50 on lunch. Use mental math to find the total amount he
    10·1 answer
  • Can someone help me with this please?
    12·1 answer
  • Show all your work?<br><br><br>and please help me out ASAP!!​
    11·1 answer
  • Charlotte is going to an amusement park. The price of admission into the park is $30, and once she is inside the park, she will
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!