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Illusion [34]
3 years ago
7

At the beginning of the year 2000, Bob put $100 in a savings account. The bank pays Bob 5% interest on his total savings at the

end of each year including all interest added to the account. Assume the interest rate continues and Bob does not deposit any additional money in the account. How much will he have in his savings account, to the nearest cent, after 5 interest payments?
Mathematics
1 answer:
nataly862011 [7]3 years ago
5 0
Here, number of periods (years), n=5
Annual interest rate, i=0.05  (compounded yearly)
Present value/deposit, P=100
Future value of deposit = P(1+i)^n=100(1.05^5)=127.63 (to the nearest cent)

Answer: After 5 annual interest payments, Bob will have 127.63 in his account.
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I need this answered Fast if possible. A car is traveling on a small highway and is either going 55 miles per hour or 35 miles
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a. It spends about 2.045 hours going 55 miles per hour

b. It spends 1 hour going 35 miles per hour

c. The trip would take about 3.64 hours

Step-by-step explanation:

A car is traveling on a small highway and is either going 55 miles per hour or 35 miles  per hour, depending on the speed limits, until it reaches its destination 200 miles  away

  • x represents the amount of time in hours that the car is going 55 miles per  hour
  • y represents the amount of time in hours that the car is going 35 miles per hour
  • The equation  that describing the relationship is 55x + 35y = 200

We need to find:

a. How long does it  spend going 55 miles per hour, if the car spends 2.5 hours going 35 miles per hour on the trip

∵ 55x + 35y = 200

∵ The car spends 2.5 hours going 35 miles per hour on the trip

∵ y represents the amount of time that the car going 35 mi./h

∴ y = 2.5

- Substitute the value of y in the equation to find the value of x

∴ 55x + 35(2.5) = 200

∴ 55x + 87.5 = 200

- Subtract 87.5 from both sides

∴ 55x = 112.5

- Divide both sides by 55

∴ x = 2.045 hours

It spends about 2.045 hours going 55 miles per hour

b.how long does it  spend going 35 miles per hour, if the car spends 3 hours going 55 miles per hour on the trip

∵ 55x + 35y = 200

∵ The car spends 3 hours going 55 miles per hour on the trip

∵ x represents the amount of time that the car going 55 mi./h

∴ x = 3

- Substitute the value of y in the equation to find the value of x

∴ 55(3) + 35y = 200

∴ 165 + 35y = 200

- Subtract 165 from both sides

∴ 35y = 35

- Divide both sides by 35

∴ y = 1 hour

It spends 1 hour going 35 miles per hour

c. How long would the trip take, if the car spends no time going 35 miles per hour

∵ 55x + 35y = 200

∵ The car spends no time going 35 miles per hour

∴ y = 0

- Substitute the value of y in the equation to find the value of x

∴ 55x + 35(0) = 200

∴ 55x  = 200

- Divide both sides by 55

∴ x = 3.63 hours

The trip would take about 3.64 hours

Learn more:

You can learn more about the equations in brainly.com/question/4097107

#LearnwithBrainly

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