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My name is Ann [436]
3 years ago
13

Will give brainliest

Mathematics
1 answer:
Sedaia [141]3 years ago
3 0

Answer:

I think its A.

Step-by-step explanation:

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Derrick will need $39,500 in 10 years for college tuition. How much should his parents invest now at 9.5% annual interest, compo
erastova [34]

Answer:

His parents should invest $15,278.16 to reach this goal ⇒ 4th answer

Step-by-step explanation:

* Lets explain how to solve the problem

- Derrick will need $39,500 in 10 years for college tuition

∴ The future amount is $39,500

∴ The time for investment is 10 years

- P is the money his parents invest now at 9.5% annual interest,

 compounded daily

∴ The rate is 9.5% per year compounded daily

- The formula of the compounded interest is:

  A=P(1+\frac{r}{n})^{nt} , where

# A is the future value of money

# P is the value of investment

# r is the rate of interest in decimal

# t is the time of investment

# n is the period of the time

∵ A = $39,500

∵ t = 10

∵ r = 9.5/100 = 0.095

∵ n = 365 ⇒ compounded daily

- Lets use the formula above to find P

∴ 39500=P(1+\frac{0.095}{365})^{365*10}

∴ 39500=p(2.58539)

- Divide both sides by 2.58539

∴ P = $15278.16

∴ His parents should invest $15,278.16 to reach this goal

7 0
3 years ago
What is the equation of a line containing the points (-3,2) and (-2,-1)
sasho [114]
-3 over 1 is the answer
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2 years ago
Read 2 more answers
20-90x-50x^2 <br> find the vertex
lawyer [7]
I think it’s your answer

4 0
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Do fractions n always need to be renamed to the largest unit?
BabaBlast [244]
No, but if it's an improper fraction it should be done
5 0
2 years ago
Help this is due today
Gelneren [198K]

Answer:

2 1/2 I think

Step-by-step explanation:

you find the L.C.M for all the fractions and multiply it. You should end up with whole numbers.

It should look like this

2n+3n=2

n= <u>2n+3n</u><u> </u> = <u>5</u>

2 2

n= 2 1/2

8 0
2 years ago
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