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
Sav [38]
3 years ago
6

During her first year of college, Sara put $2000 in the bank to save for a trip to Italy after graduation. The money earned 3% s

imple annual interest. After 4 years, how much money did she have in the bank for her trip?
Mathematics
2 answers:
konstantin123 [22]3 years ago
8 0

Answer:

2240

Step-by-step explanation:

vodomira [7]3 years ago
7 0

Answer:

<u>Sara will have US$ 2,251.02 in the bank after 4 years for her trip to Italy.</u>

Step-by-step explanation:

1. Let's review the data given to us for solving the question:

Investment of Sara during her 1st year of college = US$ 2,000

Duration of the investment = 4 years

Annual interest rate = 3%

2. Let's find the future value of this investment after 4 years, using the following formula:

FV = PV * (1 + r) ⁿ

PV = Investment of Sara during her 1st year of college = US$ 2,000

number of periods (n) = 4

rate (r) = 3% = 0.03

Replacing with the real values, we have:

FV = 2,000 * (1 + 0.03) ⁴

FV = 2,000 * (1.03) ⁴

FV = 2,000 * 1.12550881

<u>FV = 2,251.02</u>

<u>Sara will have US$ 2,251.02 in the bank after 4 years for her trip to Italy.</u>

You might be interested in
What is the most precise classification of the quadrilateral with the given vertices: A(2,5), B(5,8), C(-2,12),D(-5,9)?
gayaneshka [121]

Answer: B

Step-by-step explanation:

5 0
3 years ago
A marble is randomly selected from a bag containing 3 red marbles, 3 blue marbles and 3 green marbles. What is the probability t
ddd [48]

Answer:

\frac{1}{3}

Step-by-step explanation:

Formula: Correct result / Total possible results

Plug it in: 3/9

Simplify: 1/3

6 0
3 years ago
Read 2 more answers
how can you use the sine and cosine ratios and their inverses in calculations involving right triangles
Marysya12 [62]

Answer:

Step-by-step explanation:

I will show you by example.  For the sin ratio, we have that the sin of the reference angle is equal to the side opposite the angle over the hypotenuse of the right triangle.  We use this example for finding the ratio, knowing the angle:

sin(60)=.866025 found on your calculator.  Because this is a special angle in a right triangle, we can also say, by looking at a 60 degree reference angle that the side across from the angle measures square root of 3, and the hypotenuse measures 2.  So in terms of a radical,

sin(60)=\frac{\sqrt{3} }{2}

If we don't know the angle, we use the 2nd button on our calculator to find it.  For example, if our problem looked like this:

sin\theta=\frac{1}{2},

we are asked what angle has a sin ratio of 1/2.  We find this angle by pressing the 2nd button on our calculator, then the sin button and you will see this on your screen:

sin^{-1}(

Enter either a .5 or a 1/2 after that open parenthesis and hit enter and you'll get the angle measure.  That's how you use the inverses to solve for missing angles.

3 0
4 years ago
(-3,1) (-7,-2) <br> The slope is?
coldgirl [10]

Answer:

3/4

Step-by-step explanation:

Δy = y1 - y2 = 1 - (-2) = 3

Δx = x1 - x2 = -3 - (-7) = 4

Slope = Δy/Δx = 3/4

7 0
2 years ago
Which of the following are factors of both 15 and 45?
sveticcg [70]

Answer:

5,3

Step-by-step explanation:

5*3=15

15*3=45

3 0
3 years ago
Read 2 more answers
Other questions:
  • Consider the polynomial 16x2 – 1.
    5·2 answers
  • Please help someone
    12·1 answer
  • A system of equations is shown below:
    12·1 answer
  • According to the Old
    9·1 answer
  • What is the answer now in two minutes
    6·1 answer
  • Evaluate this exponential expression.<br> 4. (2 + 5)2 - 52 =
    5·2 answers
  • The expression 6x2 gives the surface area of a cube, and the expression x3 gives the volume of a cube, where x is the length of
    6·1 answer
  • Ngths. Find Complete the fact Triangle. Write
    10·1 answer
  • What would the graph look like for ^
    14·1 answer
  • Question 9
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!