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
Varvara68 [4.7K]
3 years ago
13

How much money must be deposited now in an

Mathematics
1 answer:
Liono4ka [1.6K]3 years ago
5 0

Answer:

\$487.48

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=10\ years\\ A=\$1,000\\ r=7.25\%=7.25/100=0.0725\\n=4  

substitute in the formula above

1,000=P(1+\frac{0.0725}{4})^{4*10}  

1,000=P(\frac{4.0725}{4})^{40}

P=1,000/(\frac{4.0725}{4})^{40}

P=\$487.48

You might be interested in
Converting improper fractions to mixed numbers questions
8_murik_8 [283]
I can help you because I know how to convert fractions to mixed numbers, but what is the question exactly?
3 0
3 years ago
job starting salary of 81,000 and gets a 2% raise every year.what is the expected salary after the eight year ? please explain h
Neporo4naja [7]

Answer:

hell have 120,000

Step-by-step explanation:


8 0
2 years ago
A triangle and a rectangle are shown below.
nadezda [96]

Answer:

10 cm

Step-by-step explanation:

From the diagram,

Applying,

lw = 5/2(bh)..................... Equation 1

Where l = length of the rectangle, w = width of the rectangle, b = base of the triangle, h = height of the triangle.

make w the subject of the equation

w = 5(bh)/2l............... Equation 2

From the diagram,

Given: l = 12 cm, b = 6 cm, h = 8 cm

Substitute into equation 2

w = 5(6×8)/(2×12)

w = 10 cm

Hence the width of the rectangle is 10 cm

8 0
2 years ago
Question #2 <img src="https://tex.z-dn.net/?f=5x%2B9%5Cleq%204" id="TexFormula1" title="5x+9\leq 4" alt="5x+9\leq 4" align="absm
shutvik [7]
X is less than or equal to -1
6 0
3 years ago
You have 24 toys for 6 children.
Lelu [443]
24 divided by 6 equals 4
5 0
2 years ago
Other questions:
  • I don’t know how to do this
    8·2 answers
  • Please answer, thank you
    14·1 answer
  • Determine LCM and HCF of 72 and 108 by prime factorisation​
    6·1 answer
  • Classify as specific as possible.
    5·2 answers
  • Determine if the two triangles are congruent and write the conjecture.<br> pls help
    12·1 answer
  • Solve for x: 3 − (2x − 5) −8<br><br>x &gt; −8<br><br>x −3
    12·1 answer
  • Find the value of c²+a²<br>​
    14·1 answer
  • WHATS THE VOLUME GOD BLESS WILL MARK BRAINLIST
    13·2 answers
  • Solve the equation sin38=x/10
    6·2 answers
  • What is the equation of a line that passes through (4, 3) and has a slope of 2?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!