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
Aleonysh [2.5K]
3 years ago
5

$7000 is compounded semiannually at a rate of 11% for 21years Find the total amount and round to the nearest cent

Mathematics
1 answer:
photoshop1234 [79]3 years ago
7 0

\text{Given that }\$7000 \text{ is compounded semiannualy at a rate of }11\% \text{ for 21 years}\\
\\
\text{we know that the amount after t year when compounded is given by}\\
\\
A=P\left ( 1+\frac{r}{n} \right )^{nt}\\
\\
\text{here P is the principal amoount, so }P=7000,\\
\\
\text{r is the interest rate, }r=11\%=0.11\\
\\
\text{n is the number of times in a year, here semiannulay, so }n=2,\\
\\
\text{and t is the time, so }t=21\\
\\
\text{so the amount after 21 years is}

A=7000\left ( 1+\frac{0.11}{2} \right )^{2(21)}\\
\\
\Rightarrow A=7000\left ( 1+0.055 \right )^{42}\\
\\
\Rightarrow A=7000\left ( 1.055 \right )^{42}\\
\\
\Rightarrow A\approx 66328.68

So the amount after 21 years is: $66328.68

You might be interested in
Find the radius of the button
nika2105 [10]
Shush fhoncizbizxoabcobad
5 0
3 years ago
How does the division rule for exponents help in understanding why anything to the zero power is 1?
Nookie1986 [14]
In the division rule you subtract the exponents<span> when </span>dividing<span> numbers with the same base. </span>One<span> rule for exponents is that exponents add when you have the same base. This works for any number x that you want to plug in except for x = </span>0<span>,because </span>0/0<span> is indeterminate (it is like dividing </span>zero<span> by </span>zero<span>). No matter what number we use when it is raised to the </span>zero power<span> it will always be </span>1.
5 0
3 years ago
IF YOU ARE SMART DO THIS PROBLEM NOT PEOPLE WHO DONT WANN HELP
Alexxandr [17]

Answer:

3.28ft

Step-by-step explanation:

Rectangular Prism Formula:

l*w*d = v

(plug in values)

2.6*1.4*d=11.94

3.64*d=11.94

d = 3.28ft

5 0
3 years ago
In a test (+5) marks are given for every correct answer and (-2) marks are given for every incorrect answer. Smitha answered all
Ymorist [56]

Answer:

15 answers

Step-by-step explanation:

To solve this question we need to set up an equation.

Let's name the number of incorrect answers x.

<u>We can set up an equation that's essentially:</u>

(Points for correct answer)*(number of correct answers)+(points for incorrect answer)*(number of incorrect answers)=final score

When we plug in our numbers and variables it looks like this:

5(3)+(-2x)=-15

Simplify

15-2x=-15

Subtract 15 from both sides

-2x=-30

Divide both sides by -2

x=15

This means Smitha attempted 15 wrong answers, and that there were 18 questions in total.

6 0
2 years ago
One month Yoko rented 3 movies and 5 video games for a total of $40. The next month she rented 9 movies and 7 video games for a
KATRIN_1 [288]

Answer:

  • movie: $3.75
  • video game: $5.75

Step-by-step explanation:

Two equations in two unknowns can be written:

  3m +5v = 40

  9m +7v = 74

These can be solved a variety of ways. One of them is using Cramer's rule. It tells you the solution to

  • ax +by = c
  • dx +ey = f

is given by ...

  • ∆ = bd -ea
  • x = (bf -ec)/∆
  • y = (cd -fa)/∆

For the numbers above,

  • ∆ = 5·9 -7·3 = 24
  • m = (5·74 -7·40)/24 = 90/24 = 3.75
  • v = (40·9 -74·3)/24 = 138/24 = 5.75

The rental cost for each movie is $3.75; for each video game, it is $5.75.

___

The attached graph shows a graphing calculator solution to these equations.

5 0
3 years ago
Other questions:
  • Randolph owns an apartment complex with six units. He charges $480 per month to rent one unit. Upkeep on the building costs Rand
    11·1 answer
  • HELP MEEEEE PLEASEEEEEEEE WILL GIVE BRAINLIEST
    10·1 answer
  • A line passes through the points (1, 2) and (3, 1). What is the slope of the line?
    12·1 answer
  • Please write a reason for each step in solving the equation.
    14·1 answer
  • What is the volume of a sphere that has the length of 3.7 has the width of 3.7 and has a height of 3.7
    10·1 answer
  • Jordan is looking to buy a pair of $500 shoes. He invests $10 every month towards buy the shoes. How many months will it take fo
    5·1 answer
  • There are 10^9 bytes in a gigabyte. There are 10^6 bytes in a megabyte. How many times greater is the storage capacity of a 1-gi
    15·2 answers
  • Ariana made cookies. She used 3 7/8 cups of flour and 2 1/8 cups of sugar. How much more flour than sugar did Ariana use?
    6·2 answers
  • Chris said that a triangle takes up 1/2 the space of a rectangle, so the formula for finding the area of a triangle should be 1/
    13·1 answer
  • Ok help me I don’t understand stand this
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!