All categories

3 years ago

You invest $2,000 into a savings account that gets 5% interest compounded yearly. How much money will you have after 7 years?

Mathematics

2 answers:

slavikrds [6]3 years ago

6 0

Answer:B

Step-by-step explanation:

$2000×1.05^7=$2814.20

natta225 [31]3 years ago

3 0

Answer:

Step-by-step explanation:

P = $ 2000

r =5% = 0.05

t = 7 years

$Amount=P*(1+\frac{r}{100}})^{t}\\\\=2000*(1+0.05)^{7}\\\\=2000*(1.05)^{7}\\\\=2000*1.4071\\\\$

= $ 2814.20

You might be interested in

Eric plays piano and guitar. He practiced on both instruments for a total of 8 hours this week. He practiced the piano for 3/4 o

Ivan

If you would like to know how many hours did Eric practice the piano this week, you can calculate this using the following steps:

the piano: 3/4 of 8 hours = 3/4 * 8 hours = 6 hours

The correct result would be 6 hours.

7 0

2 years ago

Annette [7]

Answer:

Step-by-step explanation: If you do the math you can clearly see and I got the answer correct.

7 0

2 years ago

GARDEN Amanda is planting flowers in a rectangular garden. She wants to know the amount of space in her backyard the garden will

Andrew [12]

The function A(x) = 2x²-3x-2 represents the area of the garden.

Step-by-step explanation:

Given,

Length of rectangular garden is given by;

L(x) = 2x+1

Width of rectangular garden is given by;

W(x) = x-2

Area of rectangular garden;

A(x) = L(x) * W(x)

$A(x) = (2x+1)(x-2)\\A(x) = 2x(x-2)+1(x-2)\\A(x) =2x^2-4x+x-2\\A(x) = 2x^2-3x-2$

The function A(x) = 2x²-3x-2 represents the area of the garden.

Keywords: Area, rectangle

Learn more about area at:

#LearnwithBrainly

6 0

2 years ago

K=11LMN what is formula for M

Lelechka [254]

M= K/11LN You just need to move everything away from the M side by using division.

7 0

2 years ago

Which number is between 1/6th and 1/4th

bazaltina [42]

1/5...
This question should be relatively easy for a high schooler...

3 0

3 years ago

Read 2 more answers