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
natta225 [31]
3 years ago
9

Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high sch

ool in five years. Roughly how much more will Martha need to save for one-year's tuition to account for an annual rate of inflation of 3%?
Mathematics
1 answer:
galben [10]3 years ago
8 0

Answer:

$1,592.74

Martha will need to pay $1,592.74 more

Step-by-step explanation:

Using the compound interest/inflation formula;

A = P(1+r)^(t)

Where;

A = final value

P = initial value = $10,000

r = inflation rate = 3% = 0.03

t = time = 5 years

Substituting the values;

A = $10,000(1+0.03)^(5)

A = $11592.740743

A = $11,592.74

How much more will Martha need to save;

C = final value - initial value = A - P

C = $11,592.74 - $10,000

C = $1,592.74

Martha will need to pay $1,592.74 more

You might be interested in
Solve for x . 8x-3 &amp; 4x+3 <br> 8x-3+4x+3=180<br> ?x+_=180
STALIN [3.7K]

Answer:

x = 15

Step-by-step explanation:

the 2 angles are a linear pair and sum to 180° that is

8x - 3 + 4x + 3 = 180

12x = 180 ( divide both sides by 12 )

x = 15

6 0
2 years ago
Read 2 more answers
1.25 × 109 + 3.50 × 109 + 3.25 × 109 =
Nadusha1986 [10]

Answer:

872 is the final answer

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Find the percent of change from 18 to 12.
melomori [17]

Answer:

18 is the old value and 12 is the new value. In this case we have a negative change (decrease) of -33.33333333 percent because the new value is smaller than the old value.

8 0
3 years ago
8TH GRADE MATH!!!! CAN SOMEONE PLEASE HELP I'LL GIVE BRAINLIEST !!!!
Basile [38]

Answer:

where the img

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
Evaluate each expression x=-3,y=6,z=-4what is x+y+(-1)
Alex_Xolod [135]

substitute the numbers.

-3 + 6 - 1

= 2

8 0
3 years ago
Other questions:
  • If 8 pieces of rope are cut into 1/3 lengths, how many pieces of rope are there?
    5·1 answer
  • The letters of "FALCONS" should be evenly spaced across a 59-inch-wide banner, with no margins. Each letter is 5 inches wide. Ho
    7·1 answer
  • Choice A: 5 ounces of raisins for $1.49 Choice B: 12 ounces of raisins for $3.59
    14·1 answer
  • A new account starts with $3000. After 10 years the account holds $6200. What is the
    13·1 answer
  • Given a circle with an 8" radius, find the area of the smaller segment whose chord is 8" long
    11·1 answer
  • HELP MEE MY FRIKIN POINTSSSS
    5·1 answer
  • PLEASE HELP MEE pleaseee​
    15·1 answer
  • A sum of money becomes 8/5 of itself in 5 years at a certain rate of simple interest. Find the rate of interest???​
    10·2 answers
  • Help ASAP ASAP ASAPPPPPPPPPPPPPPPPPPPPPPPPPPPP
    6·1 answer
  • Choose the correct graph of the function y=√x+1.
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!