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
Mary spent $4 more than 1/8 of her original amount of money on a bag. She then
Tanzania [10]

Answer:

464 $

Step-by-step explanation:

8 0
3 years ago
Please Help!! George tells you that when variables are in the denominator, the equation becomes unsolvable. "There is a value fo
luda_lava [24]
For the answer to the question above, I'll provide a solution to my answer below.
(4 / 5) + (3 / x) = (1/2) 

<span>x cannot equal 0 </span>

<span>(4x + 15) / 5x = 1/2 </span>
<span>2(4x + 15) = 5x </span>
<span>8x + 30 = 5x </span>
<span>3x = -30 </span>
<span>x = -10
</span>I hope my answer helped you. Feel free to ask more questions. Have a nice day!
5 0
3 years ago
Read 2 more answers
If students’ scores were normally distributed and the mean was 200 with a standard deviation of 40, then what is the probability
Sonja [21]

Answer:

  84%

Step-by-step explanation:

The empirical rule tells you that 68% of the standard normal distribution is within 1 standard deviation of the mean. The distribution is symmetrical, so the amount in the lower tail is (1 -68%)/2 = 16%.

Since the number you're interested in, 240, is one standard deviation above the mean (200 +40), the percentage of interest is the sum of the area of the central part of the distribution along with the lower tail:

  68% + 16% = 84%.

4 0
2 years ago
You can spend at most $60 on beads. A bag containing red beads costs $2 per bag. A bag containing blue beads costs $3 per bag. Y
nexus9112 [7]
For this case, the first thing we must do is define variables.
 We have then:
 x: number of blue beads
 y: number of red beads
 We now write the inequations system:
 3x + 2y  \leq  60&#10;&#10;x\ \textgreater \  y
 Answer:
 a system of linear inequations that represents the situation is:
 3x + 2y \leq 60 x\ \textgreater \ y
8 0
2 years ago
Read 2 more answers
Help me pls thanksssss
inessss [21]
×<_ 24 is the answer I believe.
8 0
3 years ago
Other questions:
  • If you have 3 cups of pineapple juice and there is 20% of pineapple juice in your punch recipe, how many total cups of punch can
    10·1 answer
  • Posting a screenshot. please help.
    6·1 answer
  • Find the inverse of y = 3x+9
    11·2 answers
  • Plsssss HELP me my exam is tomorrow
    6·1 answer
  • 9×27+2×31-28=n what is the value of n
    15·1 answer
  • What is the y-intercept of the quadratic function<br> f(x) = (x – 6)(x – 2)?
    11·1 answer
  • Whatis two plus two​
    14·1 answer
  • Using the numbers, write two powers that have the same value. <br> 2, 3, 6, 8
    6·2 answers
  • Alex conducted an experiment with a spinner. He recorded the frequency of each spin landing on letters A through D. Based on the
    13·1 answer
  • Please answer thanks uuuu
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!