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Thepotemich [5.8K]

4 years ago

11

1. Yousaf deposits $5000 in a savings account at his local bank. The account pays 5.5 % interest compounded annually. At the end

of 6 years, how much will he have in his account?

1 answer:

irina [24]4 years ago

4 0

Answer:

I think its $6894.21

Step-by-step explanation:

compound interest formula: A= P(1+ r/n)^nt

A= 5000(1+ 0.055/1)^1(6)

A= 6894.21403

A= $6894.21

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can someone explain it to me, i don't need the answer, i just need an detailed explanation of how they got the answer using the

zubka84 [21]

Answer:

Step-by-step explanation:

Good idea to review quadratic functions and the quadratic formula.

Quadratics have three coefficients: ax² + bx + c, and the "discriminant" is defined as b²-4ac. Please review these rules:

1) if the discriminant is +, the quadratic equation has two real, unequal roots.

2) if the disc. is 0, the equation has two real, equal root.

3) If the disc. is - , the equation has two complex roots.

Here a = 1, b = -3 and c = 4. Therefore the discriminant is (-3)²-4(1)(4), or

-7. Rule 3) applies: the equation has two complex roots, but no real ones. Thus we know that the graph does not cross the x-axis.

Graphing the given quadratic, x² - 3x + 4, using a dashed "line," is helpful. As you can see in the illustration of this graph, the graph neither touches nor crosses the x-axis. Thus, y = x² - 3x + 4 is greater than 0 for all x. The answer: All real numbers.

4 0

3 years ago

John is a mechanic with a technical license. He has worked 40 hours at minimum wage

AlexFokin [52]

Answer:

$290

Step-by-step explanation:

if minimum wage is $7.25

7.25×40= 290

4 0

3 years ago

Please help me......................................

Irina18 [472]

Answer:

148.5

Step-by-step explanation:

times all

3 0

3 years ago

In which part of the graph is the distance from home constant?

Contact [7]

Answer:

I chose B. 3

Step-by-step explanation:

I chose B because the person is either staying still, not moving, or something of the sort.

8 0

3 years ago

Marcus earns 15% commission on his total sales at work.

IrinaVladis [17]

Answer:

Option C

Step-by-step explanation:

Given the following question:

Total cost is $725
15% Marcus makes in commission.

In order to find the answer, we have to find 15% of $725 and that number will be the total in commissions he earned that week.

$\frac{15\times725}{100} =15\times725=10875\div100=108.75$

Marcus makes "$108.75" or option C in commissions last week.

Hope this helps.

5 0

2 years ago