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
kolbaska11 [484]
3 years ago
14

You invest $2000 in an account at 4.5% per year simple interest. How much will you have in the account at the beginning of the 8

th year? Round your answer to the nearest whole dollar. A. $2560 B. $2640 C. $2720 D. $2630
Mathematics
2 answers:
sashaice [31]3 years ago
8 0

Answer:

D. $2630

Step-by-step explanation:

Given,

The principal amount, P = $ 2000,

Annual rate of interest, r = 4.5 % ,

Thus, the interest for 7 years,

I=\frac{P\times r\times 7}{100}

=\frac{2000\times 4.5\times 7}{100}

=\frac{63000}{100}

=630

Hence, the amount after 7 years or at the beginning of the 8th year is,

A=P+I=2000+630=\$ 2630

Option 'D' is correct.

sergejj [24]3 years ago
5 0

Problem

You deposit $2000 into a bank account paying 4.5% simple interest per year. You left the money in for 8 years. How much interest do you get at the end of those 8 years?

Result

The interest is $720.

Then you add the money you invested to your interest so your answer would be  ' C ',

I think I'm not that great with math but I really hope I helped you .

You might be interested in
This is the question: Write down the equation of a circle with centre (0,0) and radius 5.
ANTONII [103]
You almost had it right! remember the equation of a circle is
(x - h)^2 + (y - k)^2 = r^2. the center is (h,k) and r is the radius.

(x - 0)^2 + (y - 0)^2 = 5^2

x^2 + y^2 = 25 <<< your answer

hope that helps, God bless!
3 0
3 years ago
Solve this system of linear equations. -14x + 11y = 23 7x - 3y = 37 <br> x=? y=?
lesya692 [45]
<span> -14x + 11y = 23
+2(7x - 3y = 37)
----------------------
   0 + 5y = 97
y  = 97/5
y = 19.4

7x - 3(19.4) = 37
7x - 58.2 = 37
7x = 37 + 58.2
7x = 95.2
x = 95.2/7
x = 13.6

Check

-14(13.6) + 11(19.4) = 23
-190.4 + 213.4 = 23
</span>
3 0
3 years ago
If you deposit $25,000 now at 6.5% compounded quarterly, how much will you have in 30 years?
Mice21 [21]

Answer:

$172,984.44

Step-by-step explanation:

We can use the formula

A = P(1 + \frac{r}{n})^{nt} to compute the final amount

Here P is the principal amount, the original deposit = $25,000

r is the annual interest rate = 6.5% = 0.065 in decimal

n is the number of times the compounding takes place. Here it is quarterly so it is 4 times a year

t is the number of time periods ie 30 years

A is the accrued amount ie principal + interest

Computing different components,

nt = 4 \times 30 = 120

r/n =  0.065/4 = .01625

1 + r/n = 1.01625

(1 + r/n)^{nt} = 1.01625^{120}

Therefore

A = 25000 \times 1.0625^{120} = 172,984.44


4 0
2 years ago
In the sequence 3 8 13 18 what term of the series is the number 2218
77julia77 [94]
By clearly looking at the sequence there are in Arithmetic Progression
So for finding which term is 2218 in that sequence
we have  x_{n} = a+ (n-1)d
Here,
a=3
 x_{n}=2218 & d=5(by looking at the sequence given)
by substituting those values we get our desired result
2218=3+(n-1)5
2218-3=(n-1)5
2215=(n-1)5
2215/5=n-1
453=n-1
n=454
so 454 term is 2218
7 0
3 years ago
The measure of angle M is_degrees.
jasenka [17]

Answer:

m=37

Step-by-step explanation:

The 2 angles are complementary, or add to 90 degrees. Wee know this because of the little square in the corner that indicates a right angle, which is equal to 90 degrees.

m+53=90

Solve for m by getting m by itself. To do this, subtract 53 from both sides to "reverse" the addition being done to m.

m+53-53=90-53

The 53s on the left cancel, and we are left with:

m=37

3 0
3 years ago
Read 2 more answers
Other questions:
  • Zoe needs to buy beads to make jewelry. For each earning, Zoe uses 3 small blue beads, 1 metallic bead, and 2 large green beads.
    6·2 answers
  • Factor each monomial 30m2n
    8·1 answer
  • What is -8 = 7 - 3/2 x ​
    8·2 answers
  • Adam has 1/3 of a pizza, Hillary has 2/6 of a pizza​
    5·1 answer
  • How would you sketch out this question?? Jamie has a 15-foot aluminum ladder. She wants to place the ladder against the side of
    8·1 answer
  • Help plz I have 6 minutes
    10·1 answer
  • 10
    8·1 answer
  • How long is 50% of 60 minutes?
    7·2 answers
  • If y varies inversely with the square of x, and y=6 when x=4, find y when x=0.1
    7·1 answer
  • 0.4 divided by 588.5
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!