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Svetach [21]
4 years ago
14

You deposit $2000 in an account earning 6% interest compounded monthly. How much will you have in the account in 15 years?

Mathematics
1 answer:
Zepler [3.9K]4 years ago
7 0

\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$2000\\ r=rate\to 6\%\to \frac{6}{100}\dotfill &0.06\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{monthly, thus twelve} \end{array}\dotfill &12\\ t=years\dotfill &15 \end{cases} \\\\\\ A=2000\left(1+\frac{0.06}{12}\right)^{12\cdot 15}\implies A=2000(1.005)^{180}\implies A\approx 4908.19

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Answer:

A: 10.9

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What is the solution to the equation 26=-d+6
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3 years ago
1. A student took 60 minutes to answer a combination of 20 multiple-choice and extended-response questions. She took 2 minutes t
Darina [25.2K]

Answer:

1) m=15 and r =5

2) 4 and 2 ml

3) x= 0.5 and y = -1

Step-by-step explanation:

given that m multiple choice questions and r extended response questions.

Also given that a) m+r = total no of questions =20 ... i and

                        2m+6r = total time taken = 60  ... ii

b) Divide second equation by 2, m+3r = 30  ... iii

                                                  m+r  = 20   ... i

Subtract to get 2r =10 or r =5

m = 20-5 = 15

Verify: m+r = 15+5 =20

and     2m+6r = 30+30 = 60 minutes.  

Hence verified

--------------------------------------

2) Let a litres of 20% solution and b litres of 50% solution be mixed

a) Then total volume = 6 ml = a+b  ... i

Resulting solution = 30% of 6 ml = 1.8 = 0.2a+0.5b ... ii

b) Solve i and ii

b = 6-a: substitute in ii.

0.2a + 3-0.5a = 1.8

Or a = 4 ml and b = 2ml

Verify: Total volume = a+b =6ml and

concentration = 0.2(4)+0.5(2) = 1.8 = 30% of 6 ml.

Thus verified

---------------------------------

3) 2x-3y=4 ...i

  2x-5y =6... ii

Because x term has the same coefficient in both the equations, elimination is easier.

i-ii gives 2y =-2 or y =-1

Substitute in i, 2x+3 =4 or x = 0.5

So answer is x = 0.5 and y =1


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3 years ago
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Naddik [55]

Answer: x= -21/10

Step-by-step explanation:

Use distributive property and combine like terms to solve.

8 0
3 years ago
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