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
frez [133]
3 years ago
5

Lolita deposited 500 in her savings account that earns 5% intrest compounded anually. She forgot about it until now, 15 years la

ter , when she came across an old bank statement.
Mathematics
1 answer:
Sonja [21]3 years ago
6 0

Answer:

P = 1039.5

Step-by-step explanation:

Given:-

- The initial amount deposited, Po = 500

- The interest rate applied, I = 5% compounded annually

Find:-

- The amount on her bank statement after 15 years?

Solution:-

- We see that the principal amount increases every year and no transactions have been made in the course of 15 years.

The total amount left in her savings account would be given by the following formula:

                         P = Po * ( 1 + I/100 )^n

- Where, n = number of years passed since deposit. (15 years)

                        P = 500 * ( 1 + 5/100 )^15

                        P = 500 * (1.05)^15

                        P = 1039.5  

You might be interested in
(Giving 80 points, Please do not answer if you don't know. The second and third answer are not 4 btw)
Jobisdone [24]

Answer:

1. 4

2. 10

3. 14

Step-by-step explanation:

A = -6

B = 0

C = 4

D = 8

1. BC = |0 - 4| = 4

2. AC = |-6 - 4| = |-10| = 10

3. AD = |-6 - 8| = |-14| = 14

3 0
1 year ago
Read 2 more answers
Which side lengths form a right triangle?
tresset_1 [31]

its q and c c c c c c c c c c c a a a a a a a a a a. a

7 0
3 years ago
Which is the best estimate of -14 1/9 × -2 9/10 ​
lana [24]

Answer: 42

Step-by-step explanation:

-14 1/9 would round to -14

-2 9/10 would round to -3

-14 x -3= 42

7 0
3 years ago
Read 2 more answers
Margret is inviting 3 friends to a party. If each friend will get 8 cookies and each box has 6 cookies, how many boxes does Marg
Alisiya [41]

Answer:

Margret need to get 4 boxes of cookies.

Step-by-step explanation:

Total friends = 3

Cookies each friend will get = 8

Each box has cookies = 6 cookies

How many boxes does Margret need to get?

Total cookies will be= Total friends x Cookies each friend will get

Total cookies will be= 3 x 8 = 24

If one box has 6 cookies and we need total 24 cookies so, divide 24 by 6 to get number of boxes

Number of boxes = Total cookies/ number of cookies in one box

Number of boxes = 24/6

Number of boxes  = 4

So, Margret need to get 4 boxes of cookies.

3 0
3 years ago
How do I solve this question?
Juli2301 [7.4K]

11 because if you count the spaces between the two places, the answer would be 11.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Yummy Cookies just opened a brand new cookie bakery. The baker wants to increase the number of cookies he makes and sells each m
    13·1 answer
  • According to Harper's Index, 50% of all federal inmates are serving time for drug dealing. A random sample of 16 federal inmates
    10·1 answer
  • The sum of three different two-digit prime numbers is 79. the largest of the numbers is 43. the difference of the other two is 1
    15·1 answer
  • [5 -15]<br> [25 -20]<br> [-35 30]
    14·1 answer
  • A cylindrical pool has a diameter of 20 feet and a height of 15 feet.What is the total amount of water that this pool can hold w
    8·1 answer
  • Solve 10m -28 = 6 -7m​
    6·2 answers
  • What is the value of 6/x+2x^2, when x=3
    14·1 answer
  • Question in above picture<br> explanation please not jusr answer
    9·2 answers
  • There is one pair of congruent triangles in the figure. Identify the congruence using proper notation.
    12·1 answer
  • Atividade de Geometria (matemática respondam pfr
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!