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grin007 [14]
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.
Mathematics
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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Please help me with the question below including the graph.
ehidna [41]

Answer:

13.50 ≤ 1.20x + 3

Step-by-step explanation:

Janie is saving for a CD, which costs $13.50. Janie can earn more than that amount, but needs to save at least that much to buy the CD. So, the amount of money she has needs to be greater than or equal to $13.50.

Next, Janie has $3 to begin with. Although she already has some money to start with, that is still not enough to purchase her CD. To earn money, she will do chores ($1.20 per chore). We do not know the amount of chores she will do, so we can mark that as variable x.

If we put that all together, we will get 13.50 ≤ 1.20x + 3. If you solver this equation, you can solve how many chores she will have to do, but that is not part of the question!!

Now, for the graph. A closed dot represents if it is not only greater or less than, but it also has a possibility to be equal as well. So, this dot will be closed. As I said before, the amount of money she has all together has to be greater than or equal to $13.50. Starting from the dot, you will draw the arrow to the right, which symbolizes that all of these numbers are the solution.

I hope this helped you! Have a great rest of your day.

6 0
3 years ago
I have 2 questions:
Aneli [31]

The first answer is 48. The next answer is also 48.

3 0
3 years ago
Joe would like to paint a rectangular shaped wall. The measures of dimensions of the wall are 8 inches by 4 inches. Every 1 inch
Sergio [31]

Answer:

$90

Step-by-step explanation:

8 + 4 = 12

12 x 3 (3 feet for each inch) = 36

36 x 2.50 (cost per square foot) = $90

3 0
2 years ago
Read 2 more answers
Evaluate |2 5/6 +y| for y= 7/4
bearhunter [10]

Answer:

Step-by-step explanation:

7 0
2 years ago
Each unit on the map represents 5 miles. If you drive 20% of the way from Landview to Seaside, how many miles have you driven, a
dimulka [17.4K]
We use the distance formula for this problem.

d = √[(x₂ - x₁)² + (y₂ - y₁)²]

The distance between point (-2,-2) and point (-2,4).
d = √[(⁻2 - ⁻2)² + (4 - ⁻2)²] = 6 units

Then, compute for 20% of 6 units:
Distance traveled = 6(0.2) = 1.2 units

Use 1.2 units as distance and the starting point (-2,-2). The x-coordinate should still be at -2 because the distance is a straight line as shown in the picture.
1.2 = √[(-2 - ⁻2)² + (y - ⁻2)²]
Solving for y,
y = -0.8

The point is found at (-2,-0.8). This is located at quadrant 3. As to the distance traveled, that would be: 1.2*6 = 6 miles. Thus, the answer is C.

5 0
2 years ago
Read 2 more answers
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