All categories

3 years ago

A principal of $1,000 is invested in an account paying an annual interest rate of 6%.

Mathematics

2 answers:

Evgesh-ka [11]3 years ago

6 0

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

A(5) = 1000(1+0.12/2)^(2*5)

A(5) = 1000(1.06)^(10)

A(5) = $1790.85

Stells [14]3 years ago

6 0

1000 x 6%= 1000 x .06

1000 x .06 = 60

The principal is getting $60 every year for their annual interest rate.

Hope I helped!

Good Luck!

You might be interested in

Suppose you are given a parabola with two points that have the same y-value, such as (-7, 11) and (3, 11). Explain how to find t

Hoochie [10]

By using the midpoint formula and the equation of the line, the equation of the line of symmetry is x = - 2.

<h3>How to derive the equation of the axis of symmetry </h3>

In this question we know the locations of two points with the same y-value, which means that the axis of symmetry is parallel to the y-axis and that both points are equidistant. Thus, the axis of symmetry passes through the midpoint of the line segment whose ends are those points.

First, calculate the coordinates of the midpoint by the midpoint formula:

M(x, y) = 0.5 · (- 7, 11) + 0.5 · (3, 11)

M(x, y) = (- 2, 11)

Second, look for the first coordinate of the midpoint and derive the equation of the line associated with the axis of symmetry:

x = - 2

By using the midpoint formula and the equation of the line, the equation of the line of symmetry is x = - 2.

To learn more on axes of symmetry: brainly.com/question/11957987

#SPJ1

3 0

1 year ago

an area of 6 yards is equal to 54 square feet. 9 square yards is equal to how many square feet? explain or show your reasoning

s2008m [1.1K]

Answer:

81 squared feet

Step-by-step explanation:

8 0

3 years ago

Bella works at a shoe store. In addition to a fixed salary, she earns a commission for each pair of shoes that she sells. The ta

xxTIMURxx [149]

D. It Is The Most Fitting Answer. The Other 3 Equal More Than Needed.

7 0

3 years ago

The numerator and denominator of a fraction are in the ratio of 3 to 5. If the numerator and denominator are both increased by 2

ivolga24 [154]

Question:

The numerator and denominator of a fraction are in the ratio of 3 to 5. If the numerator and denominator are both decreased by 2, the fraction is now equal to $\frac{1}{2}$ .

If n = the numerator and d = the denominator, which of the following systems of equations could be used to solve the problem?

5n = 3d and n - 2 = 2d - 4

5n = 3d and 2n - 4 = d - 2

3n = 5d and 2n - 4 = d - 2

Answer:

5n = 3d and 2n – 4 = d – 2

Solution:

Let n be the numerator of the fraction and d be the denominator of the fraction.

Given the numerator and denominator of a fraction are in the ratio of 3 to 5.

This can be written as n : d = 3 : 5.

⇒ $\frac{n}{d}= \frac{3}{5}$ – – – – (1)

Do cross multiplication, we get

⇒ 5n = 3d

When the numerator and denominator are decreased by 2, the fraction is equal to $\frac{1}{2}$ .

⇒ $\frac{n-2}{d-2}= \frac{1}{2}$

Do cross multiplication, we get

⇒ 2(n –2)=1(d – 2)

⇒ 2n – 4 = d – 2

Hence, 5n = 3d and 2n – 4 = d – 2 can be used to solve the problem.

6 0

3 years ago

Read 2 more answers

The Barkers started their trip with a full tank of gas and a total of 39,872 miles on their car. They stopped 4 hours later and

lara [203]

Answer:

27.5 miles per gallon

Step-by-step explanation:

3 0

2 years ago