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3 years ago

13

You invest an initial $1,000 in an account that has an annual interest rate of 2.5%, compounded annually. How much money will yo

u have in the account after 6 years? Round your answer to the nearest whole number.

2 answers:

Lyrx [107]3 years ago

7 0

The change is a growth of 2.5% so the factor will be:
1 + 0.025 = 1.025
N = 1000(1.025)⁶
= $1,160

snow_lady [41]3 years ago

5 0

1000(1+2.5%)^6=???????????

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An electrician charges a $100 flat fee, plus $75 per hour to work on a house.

jek_recluse [69]

Answer:

y=75x+100

Step-by-step explanation:

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2 years ago

HELPPPP- you just got your driver's license. Your parents buy you a car and agree to let you pay them back over a period of 70 m

Nitella [24]

Using the monthly payments formula, it is found that a car with a value of at most $25,293.

<h3>What is the monthly payment formula?</h3>

It is given by:

$A = P\frac{\frac{r}{12}\left(1 + \frac{r}{12}\right)^n}{\left(1 + \frac{r}{12}\right)^n - 1}$

In which:

P is the initial amount.

r is the interest rate.

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In this problem, we have that the parameters are given as follows:

A = 400, n = 70, r = 0.035.

Hence:

r/12 = 0.035/12 = 0.002917.

Then we have to solve for P to find the maximum value of the car.

$A = P\frac{\frac{r}{12}\left(1 + \frac{r}{12}\right)^n}{\left(1 + \frac{r}{12}\right)^n - 1}$

$400 = P\frac{0.002917(1.002917)^{70}}{(1.002917)^{70}-1}$

$P = \frac{400[(1.002917)^{70}-1]}{0.002917(1.002917)^{70}}$

P = $25,293.

More can be learned about the monthly payments formula at brainly.com/question/26267630

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7 0

2 years ago

Write an equation of a circle whose center is (-5,4) and whose diameter is 12

musickatia [10]

Answer:

(x + 5)² + (y - 4)² = 36

Step-by-step explanation:

The equation of a circle in standard form id

(x - h)² + (y - k)² = r²

where (h, k) are the coordinates of the centre and r is the radius

Here (h, k) = (- 5, 4) and r = 12 ÷ 2 = 6 , thus

(x - (- 5))² + (y - 4)² = 6², that is

(x + 5)² + (y - 4)² = 36

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3 years ago

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dolphi86 [110]

Answer:

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So we have 420 gallons of 6% and 280 gallons of 4% after 1 hour.

So the strength at that time = (420* 6) + 280*4) / 700

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3 years ago

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C + 9 because you are adding o mode cars and an expression doesn't have an equal sign (=)

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3 years ago

Read 2 more answers