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
Nastasia [14]
3 years ago
8

How much would $500 invested at 9% interest compounded annually be

Mathematics
2 answers:
dalvyx [7]3 years ago
8 0

Answer:

$705.79.

Step-by-step explanation:

The formula is

Amount = P(1 + r/100) ^ t  so

Amount = 500 (1 + 9/100)^4

= $705.79.

makvit [3.9K]3 years ago
5 0

Answer: $705.79

Step-by-step explanation:

The concept of compound interest is that interest is added back to the principal sum so that interest is gained on that already-accumulated interest during the next compounding period.

Interest can be compounded on any given frequency schedule, from continuous to daily to annually. When incorporating multiple compounds per period (monthly compounding or quarterly compounding, etc), the general formula looks like this:  

\boxed{A = P(1 +\frac{r}{n})^{n*t}}  

A = the future value of the investment/loan, including interest

P = the principal investment amount (the initial deposit or loan amount)

r = the annual interest rate (decimal)  

n = number of times interest is compounded per unit "t"

t = the time the money is invested or borrowed for  

<h3>(Using the data provided in the question)</h3>

P = $500  

r = 9/100 = 0.09  

n = 1 (compounded annually)  

t = 4 years  

A = 500(1 +\frac{0.09}{1})^{1*4}

A = $500(1 + 0.09)⁴ = $500(1.09)⁴ = $500(1.4115816) = $705.79  

Answer: $705.79  

\textit{\textbf{Spymore}}  

You might be interested in
Please answer it correctly.
FinnZ [79.3K]
Hi! So for quadratics, anything that is inside the parentheses with x is considered a shift left or right. Since it is a negative 7, the graph is shifted 7 units to the right to make up for the y values.
7 0
2 years ago
What is the slope of the line described by the data in the table below?
bezimeni [28]

Given:

The table of values is:

x      y

-4     3

0     8

4     13

8     18

To find:

The slope of the line that described by the data in the table.

Solution:

Consider any two points from the given table.

Let the two points are (0,8) and (4,13). So, the slope of the line is

m=\dfrac{y_2-y_1}{x_2-x_1}

m=\dfrac{13-8}{4-0}

m=\dfrac{5}{4}

m=1.25

Therefore, the slope of the line described by the data in the table is 1.25.

6 0
3 years ago
Please help fast!! I'll rate,Thanks&amp;Mark brainliest!
Oliga [24]
1.b
2.a
3.d
4.b
5.a
6.c
7.b
8.d
9.c
10.d
3 0
3 years ago
Read 2 more answers
Determine which of the following points lies on the line of the linear equation y = -3x + 7. (4, -5) (4 ,19) (1, 5) (1, -19)
Harrizon [31]

Answer:

(4, -5)

Step-by-step explanation:

we know that

If a ordered pair lie on the line, then the ordered pair must satisfy the equation of the line

we have

y=-3x+7

<u><em>Verify each ordered pair</em></u>

case 1) (4, -5)

substitute the value of x and the value of y in the linear equation and then compare the results

-5=-3(4)+7

-5=-5 ---> is true

so

The ordered pair satisfy the linear equation

therefore'

The ordered pair lie on the line

case 2) (4, 19)

substitute the value of x and the value of y in the linear equation and then compare the results

19=-3(4)+7

19=-5 ---> is not true

so

The ordered pair not satisfy the linear equation

therefore'

The ordered pair not lie on the line

case 3) (1,5)

substitute the value of x and the value of y in the linear equation and then compare the results

5=-3(1)+7

5=4 ---> is not true

so

The ordered pair not satisfy the linear equation

therefore'

The ordered pair not lie on the line

case 4) (1,-19)

substitute the value of x and the value of y in the linear equation and then compare the results

-19=-3(1)+7

-19=4 ---> is not true

so

The ordered pair not satisfy the linear equation

therefore'

The ordered pair not lie on the line

3 0
3 years ago
One of the longest-lasting dynasties was the Joseon Dynasty of
motikmotik

Answer:

joseon was the last dynasty of korea and its longest - ruling confucian dynasty . during its reign , joseon encouraged the entrenchment of chinese confucian ideals and doctrines in korean society . neo - confucianism was installed as the new dynasty's state ideology .

Step-by-step explanation:

5 0
3 years ago
Other questions:
  • Please explain how I can simplify this: (1/x) / (1/x)^2 + 1 to get this answer x/ x^2 + 1
    10·1 answer
  • Two fuel tanks with the dimensions shown have the same volume. What is the value of h?
    7·1 answer
  • A circular merry-go-round has a radius of 5 feet. Find the distance of a spin of one full rotation. Use 3.14 for pi and round th
    5·1 answer
  • What is the word form for 843,208,732,833?
    8·1 answer
  • Exponential function please help
    14·1 answer
  • What is 2/3 minus 1/5 equals? Steps I need to show.
    13·2 answers
  • 2. Tom spins a spinner and rolls a fair number cube. What is the
    5·1 answer
  • Pls pls help me with this essay. I don’t know how to start pls help me I have other homework to do. Just read the question
    9·1 answer
  • Helpppppppppppppppppppp
    11·1 answer
  • Consider the situation where 12 people at a picnic want to select an activity for the afternoon. Which activity would win a plur
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!