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Akimi4 [234]
3 years ago
10

Find the amount accumulated if 50000 is invested for 20 years at a rate of 7% compounded daily

Mathematics
1 answer:
lys-0071 [83]3 years ago
5 0

The formula for compound interest is given by :

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

A=P(1+\frac{r}{n} )^(nt)

Here we are given that

P=50000

time(t) = 20 years

rate =7%=0.07

n=365 ( daily)

Plugging in the values in the given formula we get

A=50000(1+\frac{0.07}{365} ^(365*20)

Answer : A=202732.78381....

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VMariaS [17]

Answer:

5

Step-by-step explanation:

First u minus (because of these () ) witch is 3 and \frac{5}{3}  is a fraction so u do 3×\frac{5}{3} (u see that its not a ÷ sign because its a fraction) witch equals to 5

7 0
3 years ago
A person is 6 feet tall and his shadow is 10 feet if a trees shadow is 25 feet long how big is the tree
Sidana [21]

Answer:

The tree is 15 feet tall

Step-by-step explanation:

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x feet tall - 25 feet shadow

x=(25*6)/10=15 feet

6 0
3 years ago
Kristen just deposited $6,500 into a new bank account that pays 4.5% interest the first year and 3% compounded annually each yea
vladimir2022 [97]

This question is about compound interest, but since the interest is such a small number you can use what you know about simple interest to eliminate some answers.

You can immediately eliminate choice A as a clunker, since it is less than the original amount in the account.

Consider what the amount of interest would be if you make the rate much larger than the original rate, say 10%, or 0.1:

$6,500 × 0.1 = $650

If this amount were added to the original amount each year for two years, the total would be:

$6,500 + $650 + $650 = $6,500 + $1,300 = $7,800

This is an over-estimate for the information given, and since choices C and D are even greater than this over-estimate, they can be eliminated. That means choice B is the correct answer.

6 0
3 years ago
Read 2 more answers
Two factors of 30 add up to 9
Alinara [238K]
 6x5=30
3x10=30
6+3=9
Hope it helps
6 0
3 years ago
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At one time the aircraft is 150 m above the surface, the submarine is 25 m below the surface, and the underwater robotic vehicle
EastWind [94]

Answer:

175 meter is  difference in height between the submarine and the aircraft

Step-by-step explanation:

The height of aircraft above the surface = 150 meter

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Depth at which the underwater robotic vehicle  below the surface = 186 meter

Difference in height between the submarine and aircraft is equal to

25 +150 = 175 meter

4 0
3 years ago
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