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nydimaria [60]
3 years ago
6

Jill invested $20,000 in an account that earned 5.5% annual interest, compounded annually. What is the value of this account aft

er 10 years?
Mathematics
1 answer:
noname [10]3 years ago
7 0

The value of this account in 10 years is given by the formula:

FV = P*(1+r)^t

where FV is the future value in the account after 10 years(to be calculated)

P is the principal invested at the beginning

r is the interest rate and

t is the time horizon in years

Given, Invested Amount (P) = 20,000

Interest rate (r) = 5.5% = 0.055

Time horizon (t) = 10 years = 10

Substituting the formula, FV = 20,000*(1+0.055)^10 = 20,000*1.055^10 = 20,000*1.708144458 =  34,162.89

The value of this account after 10 years =$34,162.89 (Rounded to the nearest cent)

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3 years ago
Which of the following is an extraneous solution of (45-3x)^1/2=x-9?
Iteru [2.4K]

Answer:

C. x =3

Step-by-step explanation:

Extraneous solution is that root of a transformed equation that doesn't satisfy the equation in it's original form because it was excluded from the domain of the original equation.

Let's solve the equation first

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Hence, we can conclude that x=3 is an extraneous solution of the equation ..

3 0
4 years ago
What is the difference? −15 − (−3)
klasskru [66]
The answer is -12 bc you take away the 3
3 0
1 year ago
Read 2 more answers
NEED HELP ASAP!
Olegator [25]

Answer:

Option (C)

Step-by-step explanation:

Two statements given in the question are,

p: Memorial Day is in July

q: Parallel lines never intersect

We have to tell the represent the symbolic notation of the compound statement,

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Here word 'Or' is combining these statements.

We know word 'Or' means Disjunction which is denoted by the symbol (∨).

So the compound statement will be denoted by p ∨ q.

Option (C) will be the answer.

5 0
3 years ago
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