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
Cloud [144]
3 years ago
15

Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the function t

hat best represents Samantha's account and how much does she have in savings after 5 years? Round your answer to the nearest dollar. Hint: Use the formula, f(x) = P(1 r)x.
Mathematics
1 answer:
Licemer1 [7]3 years ago
5 0
I use a bit of a different looking formula.

A(t)=P(1+r/n)^nt

P=amount of money. (500)
r= rate (in decimal. 4%=0.04)
n=number of times per year (1 in this problem)
t=amount of time. (5 years)

Plugged in it looks like this:

A(t)=500 (1+ 0.04/1)^1x5

Then I put it into my calculator like this:

0.04/1+ 0.04

Then add one to the above answer:

0.04+1=1.04

Then raise the above answer to the 1x5:

1.04^5=1.2166......

Then multiply the above answer by 500:

1.2166.... x 500=608.3264512

She has $608 after 5 years.

Hope this helps, let me know if you have any questions.
You might be interested in
What is a number that makes an equation true
Svetach [21]

Answer:

maybe 0

Step-by-step explanation:

4 0
3 years ago
ANSWER FASTTTT!!!
Veseljchak [2.6K]

Answer:

14

Step-by-step explanation:

6 0
2 years ago
A plot of land is represented on a map whose scale is 1:10000.On the map perimeter of the plot is 24.8cm.Calculate,in km ,the ac
sveta [45]

Answer:

24.8 km

Step-by-step explanation

To do this we would just multiply 24.8 by 10,000 which is 248000 and if we divide that by 10000 (to get km) we would get 24.8km

6 0
3 years ago
Can anyone answer this question ?​
kondaur [170]
X1=radical 6--->2.44
X2=-radical 6/3--->-0.816
5 0
3 years ago
Graph then line that represents the equation y=-2/3x +1 ?
Aleksandr [31]
First, you would start on the orgin (0,0), and move up 1. You should now be at (1,0) make a point here
Next, you will move down 2. You should now be at (-1,0)
Finally, you move right 3.

You should now be at (-1,3)
Make a point

Hope this helps!
7 0
3 years ago
Other questions:
  • What’s the mass of a liquid if its density is 0.95 G/ml and its volume is 200 ml
    9·2 answers
  • 2. Solve the following system by any method.
    14·1 answer
  • If the length of side PQ is 5 inches, what are the possible lengths of the other 2 sides?
    13·1 answer
  • Which relation is the inverse of the function please answer
    8·1 answer
  • Find the value of f(4) for the function.<br> f(a) = 2(a + 2) - 6
    15·1 answer
  • QUESTION 1 Name the type of transformation depicted by the picture. reflection rotation translation none of the above
    7·1 answer
  • Help me plz !! need it plz
    6·1 answer
  • Write the equation of the line parallel to y=1/2x−6 that passes through (−10,4).
    15·1 answer
  • Please help :(<br> The complement of an angle is 36º. What is the measure of the angle?
    11·1 answer
  • Ms. Martin ordered new pom poms for her cheerleaders. She paid $157.94, which included 6% sales tax. How much were the pom poms
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!