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
seropon [69]
3 years ago
10

Mr. Thompson plans to invest $7500 in a savings account that earns 2.75% simple annual interest. If he makes no other deposits o

r withdrawals, how much money will Mr. Thompson's account be worth after 10 years
please explain process on how to do this
Mathematics
2 answers:
mrs_skeptik [129]3 years ago
7 0
Since Mr. Thompson doesn't make any operations (deposits or withdrawals), his amount of money will only be modified by the interest rate.

Now, the rate is 2.75, meaning he adds 2.75% of his annual savings each year.

For the first year, he starts with $7,500. Meaning he'll gain $7,500 x 2.75/100 this year.
At the beginning of the second year, he'll have $7,911.75 on his account. Again, for the second year, he'll gain $7,911.75 x 2.75/100...
And so and so until he reaches the tenth year.
Arturiano [62]3 years ago
6 0
What i would do is multiply $7500 by 10. because it asks what his account will be worth in 10 years so just multiply $7500 by 10.
You might be interested in
Suppose you're making a soup that uses 5 cups of chicken broth and 3⁄4 teaspoons of corn starch for 8 servings. You need to make
yanalaym [24]

Answer:

Option A = 7.5 cups

Step-by-step explanation:

Given : Suppose you're making a soup that uses 5 cups of chicken broth and \frac{3}{4} teaspoons of corn starch for 8 servings. You need to make 12 servings of the soup, so you'll need 1\frac{1}{8} teaspoons of corn starch.

To find : How much broth do you need?

Solution :

A soup that uses 5 cups of chicken broth and \frac{3}{4} teaspoons of corn starch for 8 servings.

i.e. 5 cups + \frac{3}{4} teaspoon = 8 servings  ......(1)

You need to make 12 servings of the soup, so you'll need 1\frac{1}{8}=\frac{9}{8}

i.e. x cups +\frac{9}{8} teaspoon = 12 servings  ........(2)

So, First we find the ratio

Ratio is \frac{12}{8}=\frac{3}{2}

So to equal the ratio multiply (1) by \frac{3}{2}

5\times \frac{3}{2}cups + \frac{3}{4}\times \frac{3}{2} teaspoon = 8\times \frac{3}{2} servings

\frac{15}{2}cups + \frac{9}{8} teaspoon = 12 servings

On comparing with (2),

The value of x is \frac{15}{2}.

Therefore, The broth do we need is \frac{15}{2}=7.5 cups.

So, Option A is correct.

5 0
3 years ago
Scientific Notation
Katarina [22]
3.615 x 10^2 i hope this helps

3 0
2 years ago
Read 2 more answers
Plz help
Paha777 [63]
24 dollars.

1/4 + 1/3 = 3/12 + 4/12 = 7/12

7/12 a + 8 = 22
7/12 a = 14
a = 14 x 12/7
a = 24 dollars
8 0
3 years ago
Read 2 more answers
Simplify the expression below <br><img src="https://tex.z-dn.net/?f=7x%20%7B%20-%20%7D%5E%7B2%7D%20%20-%204z%20%2B%208x%20%7B%20
Alisiya [41]

Answer: -9z + 15/x^2

The correct answer is -9z + 15/x^2 when simplified

<em>Hope this helps =)</em>

3 0
2 years ago
Theresia picked the same number of tomatoes each day. In 4 days she picked 52 tomatoes. How many tomatoes did Theresia pick each
bulgar [2K]
Helloooo each day she picked 13 tomatoes

4(n)=52

That’s what I put as equation and they want to know how many tomatoes she picked each day which we don’t know so we use it as a n and we know the total 53 so we made equation like this then I divided 53 by 4 and put 13 in n and did the solving and got the same answer
5 0
3 years ago
Other questions:
  • W + 1 = d and d = 3w solve by substitution
    9·2 answers
  • Which of these is divisible by 3 and 4?
    13·1 answer
  • I need help with number 8 and number 10 !! Please anyone ?!?
    12·1 answer
  • Which function is shown in the graph?
    9·1 answer
  • The table below represents a function. x 1 2 3 4 5 y 6 12 18 24 30 Which statement would best describe the graph of the function
    8·1 answer
  • What are statements that are true for any number?
    5·1 answer
  • Find the arc length of the 3/4 of a circle with a radius of 5
    8·1 answer
  • Which expression is equivalent to 454•41/4 /1/2 4. 1/2
    15·1 answer
  • Find the square of 2a plus 3b​
    11·2 answers
  • I'm hosting a charity event fo r42 people. One out of every 7 guests would love a cupcake.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!