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beks73 [17]
3 years ago
15

Troy puts $200.00 into an account to use for school expenses. The account earns 7% interest, compounded annually. How much will

be in the account after 5 years? Use the formula A=P1+ r n nt, where A is the balance (final amount), P is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years. Round your answer to the nearest cent.
Mathematics
1 answer:
storchak [24]3 years ago
7 0

Answer:

the final amount is = $280.51

Step-by-step explanation:

The standard formula for compound interest is given as;

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

Given that;

Principal P = $200

Interest rate r = 7% = 0.07

Time t = 5 years

Final amount = A

Number of time compounded per year n = 1

Substituting the values;

A = 200(1+0.07/1)^(1×5)

A = 280.51

Therefore, the final amount is = $280.51

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KIM [24]

Answer:

it goes 0 then 1/4 in the first notch 1/2 in the second notch 3/4 in the third notch then the number 1 on the fourth

Step-by-step explanation:

Hope that helps.

5 0
3 years ago
Evaluate the expression 3(7 + 4)2 − 24 ÷ 6
solong [7]

Answer:

3(7 + 4)2 − 24 ÷ 6 = 62

Step-by-step explanation:

3(7 + 4)2 − 24 ÷ 6 is the given expression.

Now, by the rule of BODMAS, where B = Bracket, O= of, D = divide,

M = multiplication, A = addition and S = subtraction

we try and solve the following expression in the same order.

Solving the bracket first, we get

3<u>(7 + 4)</u>2 − 24 ÷ 6 = 3(<u>11</u>)2 − 24 ÷ 6  =<u> 66</u>  − 24 ÷ 6

Next, we solve divide,

66 − <u>24 ÷ 6</u> = 66 - <u>4</u>  

Next, solving the subtraction, 66 - 4    = 62

Hence, 3(7 + 4)2 − 24 ÷ 6 = 62

6 0
3 years ago
A shoe store sold 30 pairs of tennis shoes in stock. One week they had a sale and sold 8/10 of the shoes. How many pairs of tenn
Veseljchak [2.6K]

Answer:

24

Step-by-step explanation:

simplify 8/10 into 2/5 then 2/5 of 30 is 24

3 0
3 years ago
What is 2<img src="https://tex.z-dn.net/?f=%5Cfrac%7B1%7D%7B5%7D" id="TexFormula1" title="\frac{1}{5}" alt="\frac{1}{5}" align="
vivado [14]

2\dfrac{1}{5}+1\dfrac{1}{10}=2+\dfrac{1}{5}+1+\dfrac{1}{10}=(2+1)+\left(\dfrac{1}{5}+\dfrac{1}{10}\right)\\\\=3+\left(\dfrac{1\cdot2}{5\cdot2}+\dfrac{1}{10}\right)=3+\left(\dfrac{2}{10}+\dfrac{1}{10}\right)=3+\dfrac{2+1}{10}=\boxed{3\dfrac{3}{10}}

7 0
3 years ago
A car is 120 inches long. A truck is 60% longer than the car.<br><br> How long is the truck
ahrayia [7]

Answer:

250.8 is the answer

8 0
2 years ago
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