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
lara [203]
2 years ago
7

Find the future value of $2000 deposited at 9% for 8 years if the account pays simple interest, and the account pays interest co

mpounded annually.
Mathematics
2 answers:
Archy [21]2 years ago
4 0
I think 100000000000
kotegsom [21]2 years ago
3 0

\bf ~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$2000\\ r=rate\to 9\%\to \frac{9}{100}\dotfill &0.09\\ t=years\dotfill &8 \end{cases} \\\\\\ A=2000[1+(0.09)(8)]\implies A=2000(1.72)\implies \boxed{A=3440} \\\\[-0.35em] \rule{34em}{0.25pt}


\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$2000\\ r=rate\to 9\%\to \frac{9}{100}\dotfill &0.09\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &8 \end{cases} \\\\\\ A=2000\left(1+\frac{0.09}{1}\right)^{1\cdot 8}\implies A=2000(1.09)^8\implies \boxed{A\approx 3985.13}

You might be interested in
Find the sum.<br> negative 4 plus 16
lorasvet [3.4K]

Answer:

postive 12

Step-by-step explanation:

16-4=12


6 0
2 years ago
Read 2 more answers
Please help ASAP this is timed
EastWind [94]

Answer:

the answer is 30 with 75 kids voting for drinks in total

8 0
2 years ago
Read 2 more answers
I need help please! Thank u!
Svetllana [295]

Answer:

m<M = 50°

Step-by-step explanation:

m<M +m<P +m<V=180° (sum of the interior angles of the triangle)

x+78+52°=180°

=>x+130= 180°

=>x=180°-130°

=>x= 50°

8 0
3 years ago
Read 2 more answers
A Special order for 1200 flowers is for roses and tulips
DaniilM [7]

Answer:

The ratio of roses to tulips is 2/5 in simplest form

7 0
3 years ago
Will give brainliest answer
Anettt [7]

Answer:

I would say B

Step-by-step explanation:

4 0
2 years ago
Other questions:
  • Can somebody please help me on this? You don’t have to explain it I just need answers. Thank you so much :) 25-35
    8·2 answers
  • What is the range of possible credit scores?
    6·1 answer
  • The Michigan veteran population in 1990 was 14.2% and in 2000 was 12.4%.
    5·1 answer
  • Derek and Mia place two green marbles and one yellow marble in a bag. Somebody picks a marble out of the bag without looking and
    13·1 answer
  • The problem C(x)=25x+50 represents the labor coat in dollars for quick cedar to build a deck where x is the number of hours of l
    8·1 answer
  • W(x)=-5(x-8)(x+4) what is the maximum height that the stone will reach?
    14·1 answer
  • HELP PLZ ANSWER NEEDED
    8·2 answers
  • How can I solve this question ? <br>wick method should I use ?​
    10·2 answers
  • What is the midpoint of the line segment with endpoints (3.2, 2.5) and
    8·1 answer
  • Which set has an average of 2?<br> A) A<br> B) B<br> C) A and B<br> D) none of the above
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!