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fenix001 [56]
3 years ago
14

What is the balance after 7 years if you deposit $2800 in an account that pays 4% interest compounded yearly ?

Mathematics
1 answer:
SVEN [57.7K]3 years ago
6 0

Answer:the balance after 7 years is $3216

Step-by-step explanation:

A) Initial amount deposited into the account is $2800 This means that the principal,

P = 2800

It was compounded yearly. This means that it was compounded once in a year. So

n = 1

The rate at which the principal was compounded is 4%. So

r = 4/100 = 0.04

It was compounded for 7 years. So

t = 7

The formula for compound interest is

A = P(1+r/n)^nt

A = total amount in the account at the end of t years. Therefore

A = 2800(1 + 0.04/2)^ 1× 7

A = 2800(1 + 0.02)^7

A = 2800(1.02)^7

A = $3216

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Suppose we want to choose a value of x within 3 units of 11. [This means a value of x that is less than 3 units away from 11.] T
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Answer:

(a) [8, 14]

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Step-by-step explanation:

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3 years ago
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Zigmanuir [339]

Answer:

1) Ordered pairs are (9,5), (11,8) , (13,11), (15,14)

2) Ordered pairs are (20,20) ,(16,17), (12,14), (8,11)

3) Ordered pairs are     (1,40),(3,22), (7,13), (15,7.5)

Step-by-step explanation:

1) Rule 1: Add 2 starting from 9

Rule 2: Add 3 starting from 5

Sequence 1 is generated using Rule 1 so, it starts with 9 and we add 2 to get the next number.

Sequence 2 is generated using Rule 2 so, it starts with 5 and we add 3 to get the next number.

Sequence 1       Sequence 2       Ordered Pair

9                           5                           (9,5)

11                          8                           (11,8)

13                          11                           (13,11)

15                          14                           (15,14)

2) Rule 1: Subtract 4 starting from 20

Rule 2: Subtract 3 starting from 20

Sequence 1 is generated using Rule 1 so, it starts with 20 and we subtract 4 to get the next number.

Sequence 2 is generated using Rule 2 so, it starts with 20 and we subtract 3 to get the next number.

Sequence 1       Sequence 2       Ordered Pair

20                         20                        (20,20)

16                          17                         (16,17)

12                          14                         (12,14)

8                            11                         (8,11)

3) Rule 1: Multiply by 2 then add 1 starting from 1

Rule 2: Divide by 2 then add 4 starting from 40

Sequence 1 is generated using Rule 1 so, it starts with 1 and then we multiply by 2 and then add 2 to get the next number.

Sequence 2 is generated using Rule 2 so, it starts with 40 and then we multiply by 2 and add 2 to get the next number.

Sequence 1       Sequence 2       Ordered Pair

1                           40                            (1,40)

3                           22                          (3,22)

7                           13                            (7,13)

15                          7.5                           (15,7.5)

7 0
3 years ago
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