1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Help with Area of a sector
Maurinko [17]
Area 1 = 175.84
area 2 = 156.30

area 1: A=(pi)r^2 x 140/360
in this case we would use the degree of the entire circle and the degree of the sector since it is not given.

area 2: A=(pi)r^2 x 280/360
in this case we would use the degree of the entire circle and the degree of the sector since it is not given.
8 0
2 years ago
CAN ANYONE PLS TELL ME THE BOTH
WARRIOR [948]
First question is 1:2
Second question is 12
6 0
3 years ago
Read 2 more answers
The three oldest child need shoes.you find a store that has shoes on sale. All shoes in the store are a marked $10 per pair.you
bagirrra123 [75]
The best deal would be "three for the price of two" since buying one and 25 percent off would be 17.5 plus 10 for a third one is 27.5 compared to 20 for 3
8 0
3 years ago
This figure is made up of a rectangle and parallelogram.
patriot [66]

calculate length of the sides of the rectangle and multiply then do the same with the parallelogram

 Total area is 51 square units

7 0
3 years ago
Please help me!!!!!!!!!!
Kipish [7]

Answer:

80 is the kilometers question

8 0
3 years ago
Other questions:
  • What is the value of the 2 in 5,632
    13·2 answers
  • The cost function of a game store is C=$5.50n+$700 and the revenue function is R=$9n. how many games does the store need to sell
    13·2 answers
  • In square ABCD, AD is 4 centimeters, and M is the midpoint of <img src="https://tex.z-dn.net/?f=%24%5Coverline%7BCD%7D%24" id="T
    5·1 answer
  • a cookie recipe uses 6 cups of brown sugar for every 9 cups of white sugar. How many cups of brown sugar is needed if I use 24 c
    14·2 answers
  • The given graph represents the function f(x) = 2(5)
    9·2 answers
  • Hi, uh I need some help on math (you can get points)
    15·1 answer
  • ASAP!! Which graphs have same domain?
    14·1 answer
  • I HIT 80 SUBS !!!!! if you want to help out my yt is 999 Trendy TYSMMMM ill give brainliest if u help. hope i get helpes :(
    9·1 answer
  • Need help please will mark branliest
    9·2 answers
  • 1. Ms. Cedric bought a jar for 25 dimes. If she had 75
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!