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Leona [35]
3 years ago
7

Brian wants to have $7000 in the bank in 10 years. He deposits $3000 today at 8% interest compounded semiannually,After keeping

the money in the bank for 10 years, how much more money will he need to add to his account to reach the desired balance of $7000?
Mathematics
1 answer:
Arte-miy333 [17]3 years ago
8 0

Answer:

He needs to add approximately $ 426.63 to his account to reach the desired balance of  $7000.

Step-by-step explanation:

Here, the principal amount, P = $ 3000,

Semiannual rate of interest, r = 8 %

Time, t = 10 years,

Hence, the amount after 10 years, which is compounded with the semiannual rate of 8% for 10 years,

Thus, the amount, need to add in the balance to reach the amount of $ 7000 = 7000 - 6573.3694291 = 426.6305709 ≈ $ 426.63

⇒ He needs to add approximately $ 426.63 to his account to reach the desired balance of  $7000

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Answer:

d. 140

Step-by-step explanation:

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Which of the following best describes the solution to the system of equations below? -6x + y = -3 7x - y = 3
rusak2 [61]

Answer:

<em>y= -3</em>

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Step-by-step explanation:

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Renee was able to plant 15 plant in 5min at this rate how many flowers could she paint plant in 45 min
Sedbober [7]

Answer:

Answer is 135 plant

Step-by-step explanation:

We have given that,

In 5 min Renee can plant 15 plant.

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andrezito [222]

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Step-by-step explanation:

The function that describes a parabola is a quadratic function

The standard form of a quadratic function is given as follows;

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When the value of part of the function a·x² after expansion is responsible for the curved shape of the function and the sign of the constant "a", determines weather the the curve opens up or is "u-shaped" or opens down or is "n-shaped"

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3 years ago
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