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
galben [10]
3 years ago
11

5 of 9 Colin invests £4300 into his bank account. He receives 4% per year compound interest. How much will Colin have after 3 ye

ars? Give your answer to the nearest penny where appropriate.

Mathematics
2 answers:
Alla [95]3 years ago
7 0

Answer:

Colin will have £4,836.92 in his account after 3 years

Step-by-step explanation:

Please see the attached file for explanation

I am Lyosha [343]3 years ago
4 0

Answer:

£4836.92

Step-by-step explanation:

Compound interest can be calculated using the formula:

A = P (1 + r)^t

Where A = Amount that will be obtained after the period

P= Principal amount initially invested by Colin

r = interest rate per year

t = number of period the amount will be invested for in years.

Thus, according to the analysis of the parameters above; A= ?, P= £4300, r = 4% (0.04), t= 3 years

We input the values into the formula, we have

A = 4300 (1 + 0.04) ^ 3

A = 4300 (1.04)^3

A = 4300 × (1.04 × 1.04 × 1.04)

A = 4300 × 1.12486

A = 4836.9152

Therefore, approximately, the amount that will be obtained by Colin after 3 years is £4836.92.

You might be interested in
You start driving north for 16 miles, turn right, and drive east for another 30 miles. At the end of driving, what is your strai
Maru [420]

The distance between starting and ending point is 34 miles.

Step-by-step explanation:

Given,

Car moves 16 miles to north then 30 mile to east.

It forms a right angle triangle.

The straight line distance from starting to ending point represents hypotenuse.

To find the distance between starting and ending point.

Formula

By <em>Pythagoras theorem,</em>

h² = b²+l² where h is the hypotenuse, b is base and l is the another side.

Taking, b=16 and l=30 we get,

h² = 16²+30²

or, h = \sqrt{256+900}

or, h = \sqrt{1156} = 34

Hence,

The distance between starting and ending point is 34 miles.

5 0
4 years ago
How would you do this, I am very confused
AfilCa [17]
Triangle has a total of 180 degrees

add up all angles 
A+B+C = 3x+5+4x-2+2x+6=180
9x=171
x=19

Plug x values into the A , B and C expressions and you get your answers
7 0
4 years ago
Read 2 more answers
Which statement best describes the polynomial 2x^3+x+5?
nalin [4]
The polynomial is not factorable with rational numbers
4 0
4 years ago
Read 2 more answers
On a coordinate plane, a curved line with minimum values of (negative 2, 0) and (2.4, negative 51) and a maximum value of (negat
Dvinal [7]

Answer:

b

Step-by-step explanation:

7 0
4 years ago
Read 2 more answers
Two mechanics worked on a car. The first mechanic charged S95 per hour, and the second mechanic charged $115 per hour.
natima [27]

Answer:

First mechanic worked for 10 hours and second mechanic worked for 15 hours.

Step-by-step explanation:

Let first mechanic worked for X hours and second mechanic worked for Y hours .

Now, according to the question , they worked for a total of 25 hours .

Thus ,

X + Y = 25.

Y = 25 - X   -(1)

Also, first mechanic is charging $ 95 per hour and second mechanic is charging $115 per hour .

Thus, total money charged by them will be 95X + 115Y .

Which is given to be $2675 in the question.

Thus 95X + 115Y = 2675.   -(2)

Putting equation 1 in equation 2 we get ,

95X + 2875 - 115X = 2675

20X = 200

X = 10 hours.

Thus , Y =  25 - X = 15 hours.

Thus first mechanic worked for 10 hours and second mechanic worked for 15 hours.

5 0
3 years ago
Other questions:
  • A jar contains jellybeans that are all the same size and shape.
    14·1 answer
  • A triangular pane of glass has a height of 30 inches and an area of 270 square inches. what is the length of the base pane
    9·1 answer
  • Consider the statement “x is a number such that x &lt; 2
    14·1 answer
  • HELP PLS KIND PPL✨
    12·1 answer
  • All the questions ASAP
    14·1 answer
  • Why is 12 a composite number
    12·2 answers
  • The perimeter of a certain square is 20 inches. Find the area of the square in square inches.
    8·2 answers
  • If I got a 50% on a quiz how many points will be taken off my grade of 111.0 A?
    13·1 answer
  • 6th grade math help me pleaseee
    6·1 answer
  • Fill in the blank by choosing the most appropriate word.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!