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Lesechka [4]
3 years ago
8

Suppose that $9500 is placed in an account that pays 8% interest compounded each year.

Mathematics
1 answer:
Blababa [14]3 years ago
6 0

\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$9500\\ r=rate\to 8\%\to \frac{8}{100}\dotfill &0.08\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{each year, thus once} \end{array}\dotfill &1\\ t=years\dotfill &1 \end{cases}


\bf A=9500\left(1+\frac{0.08}{1}\right)^{1\cdot 1}\implies A=9500(1.08)\implies \boxed{A=10260} \\\\\\ \stackrel{\textit{after 2 years, t = 2}}{A=9500\left(1+\frac{0.08}{1}\right)^{1\cdot 2}}\implies A=9500(1.08)^2\implies \boxed{A=11080.8}

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Answer:

Step-by-step explanation:

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8 0
3 years ago
Michelle, lori, and patti buy lunch together. The total bill was $45. If michelle pays 35% of the total bill and lori pays 48% o
siniylev [52]

Answer:

$7.65

Step-by-step explanation:

step one:

The total bill was $45.

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3 0
3 years ago
Read 2 more answers
108 - 271 + 215-_____= -103
kupik [55]
108-271+215-_____=-103
Im going to combine the first thee numbers and replace the blank with a variable, lets use x. 
52 - x=-103
now I am going to subtract 52 on both sides to get the variable alone
-x=-155
Im going to multiply both sides to eliminate the negitive in the variable
x=155
If you want to check just plug 155 into the blank
108-271+215-155=-103
-163+215-155=-103
52-155=-103
-103=-103

so after checking work the blank is equal to 155.


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3 years ago
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sammy [17]

Answer:

See explanation

Step-by-step explanation:

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