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
aniked [119]
3 years ago
9

For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t.

Mathematics
1 answer:
tatyana61 [14]3 years ago
6 0
To solve for this question using the formula, plug in your known values where r is the rate (2.3%), P is the principal amount ($35,000), and t is the time in years. However, keep in mind when you plug the percent rate into the formula, you must first convert it to a decimal which would be 0.023. Now that you have this, plug your values into the equation:
A=35,000(1+0.023)^20
When simplified, you should get a result of about $55,154.47 or the second answer choice.
You might be interested in
Evaluate the expression when a = 9, b = 2, c = - 6 and d= -4<br> a-b<br> c-d
Anna35 [415]

Answer:

1. 9-2=7

2. -6-(-4)=-2

Step-by-step explanation:

a=9

b=2

c=-6

d=-4

8 0
1 year ago
The length of a rectangle is the sum of the width and 3. The area of the rectangle is 54 units. What is the width, in units, of
aniked [119]
I don’t know what to say about this question
3 0
3 years ago
Read 2 more answers
<img src="https://tex.z-dn.net/?f=%28%20-%20x%20%2B%203%29%20-%20%284x%20-%2010%29" id="TexFormula1" title="( - x + 3) - (4x - 1
VladimirAG [237]

Answer:

-5x+13 given (-x+3)-(4x-10)

Answer:-5x+13

Step-by-step explanation:

We are going to distribute to get rid of the ( ):

-x+3-4x+10

Pair up like terms:

-x-4x+3+10

Combine the like terms:

-5x+13

5 0
3 years ago
Read 2 more answers
Twenty five is the quotient of a number y and 3.5
Vilka [71]
Y/3.5= 25

(Hoped this help^)
8 0
2 years ago
Find the slope of a line that is vertical and passes through the point (-1,2)
Greeley [361]

Answer:

slope: undefined

Step-by-step explanation:

vertical line slope = (y-y') / (x-x')

x-x' = 0

slope: undefined

3 0
3 years ago
Other questions:
  • Amelia borrows $13450 for a round-the-world trip. Her repayments are $128 per week for 3 years. How much interest is she charged
    15·1 answer
  • Solve. 5 &lt; x – 2 &lt; 11
    12·1 answer
  • Simplify 3x -5 + 25x-9
    9·2 answers
  • Which expression is equivalent to the given expression? A. B. C. D.
    7·2 answers
  • Suppose the population of a town increases by 3% each year. the population of the town today is 25,000. use compound interest ta
    11·2 answers
  • Find the slope of the line that contains the points named.
    6·1 answer
  • In a class of 25 students, 16 have dark hair, 10 have brown eyes, and 4 have both dark hair and brown eyes. If a student chosen
    9·1 answer
  • Abby wants to buy one shirt for $25 and three pairs of socks for $2 per pair. If sales tax is 8%, how much will she pay in tax?​
    5·2 answers
  • Carla earn 322 points out of a 340 grade points in her environmental science course rounded up what was her percentage of points
    6·1 answer
  • Help, and if you can give me a step by step explanation
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!