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Molodets [167]
3 years ago
8

Stanley Bank offers a money market account that earns 1.85% compounded continuously: a) If $10,000 is invested in this type of a

ccount, how much will it be worth in 3 years? b) How long will it take for the account to be worth $15,000?
Mathematics
1 answer:
Alexxx [7]3 years ago
5 0

Answer:

a) $1056.33 b) 23 years

Step-by-step explanation:

a) 10000(1+1.85/100)^3=10565.33 (2d.p.)

b) let x be the no. of years

15000 = 10000(1+1.85/100)^x

1.5 = 1.0185^x

ln both sides

ln 1.5 = x ln 1.0185

x = ln 1.5/ln 1.0185

=22.11

=23 years (rounded up)

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Help me on this please
m_a_m_a [10]

Answer 1: y = 35x + 50

Answer 2: will

Answer 3: $10

Step-by-step explanation:

Equation: y = 35x + 50

Registration fee is one time, so you just add to it.

You have to pay each time you go to a session, so x will be the amount of sessions, 35 will be the price of each session.

You can plug in the 8 to the equation, then solve for y:

y = 35(8) + 50\\y = 280 + 50\\y = 330

They will be able to pay for it because: 330 < 340

They will have $10 left because:

340 - 330 = 10

340 is how much on the card and 330 is how much the 8 lessons (in total) cost.

7 0
3 years ago
Jennifer will be driving to Las Vegas this weekend. From her home to the hotel she will be staying at is 1,345 miles away. If Je
Zarrin [17]

Answer:

It will take 19.2142857 hours

Step-by-step explanation:

1,345/70

Round to what you're required.

8 0
3 years ago
Jim and Em baked 33 macaroons.
bearhunter [10]

Answer: 19 macaroons

Step-by-step explanation:

Let's create an equation to represent this situation. Let x represent the number of macaroons that Em made.

33=x+x+5

33=2x+5

33-5=2x+5-5

28=2x

28/2=2x/2

14=x

This means that Em made 14 macaroons.

14+5=19

Therefore, Jim baked 19 macaroons.

4 0
3 years ago
Can someone please help me with #3?
kap26 [50]

Answer:


Step-by-step explanation:

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7 0
3 years ago
Characteristics of parallelogram
nadya68 [22]
Opposite sides are parallel
Opposite angles are congruent
Opposite sides are congruent.
3 0
3 years ago
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