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
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

You might be interested in
Point I is on line segment HJ. Given HJ = 15 and IJ<br> HI.<br> 10, determine the length
melomori [17]

Answer:

Point I is on line segment HJ; which means HI and IJ are equal.

HJ = 15

IJ = 10

Finding the length of HI, given the above statements:

Length of HI = 10 (reason: HI and IJ are congruent)

8 0
3 years ago
a jar contain 50 marbels of which is blue or red if 35 of marbels are red which of the following does not represent the ratio of
iris [78.8K]
35 = red

35 : 50 = 7 : 10

the ratio is should be 7 out of 10
6 0
3 years ago
A car dealership sells sedans and SUVs. In 2000, the ratio in which they were sold was 5:4. By 2010, the dealership had adjusted
babymother [125]
120 would be the correct answer on apex
4 0
3 years ago
Read 2 more answers
Homework due at 12:00<br> I Need Help
Leya [2.2K]

Answer:

<em>k = - 7.5 </em>

Step-by-step explanation:

Slope "m" of a line through points

( x_{1} , y_{1} )

( x_{2} , y_{2} )

is m = \frac{y_{2} -y_{1} }{x_{2} -x_{1} }

Slopes of perpendicular lines are opposite reciprocal: m_{1} m_{2} = - 1

~~~~~~~~~~~~~~~

The slope of a line through points (0, 7) and (2, 10)

m_{1} = \frac{10-7}{2-0} = \frac{3}{2}

Slope of perpendicular line through points (3, 5) and (k, 12) is m_{2} = -\frac{2}{3}

or m_{2} = \frac{12-5}{k-3}

\frac{7}{k-3} = -\frac{2}{3}

2(k - 3) = - 21

k - 3 = - 10.5

<em>k = - 7.5</em>

6 0
2 years ago
What is the value of x?
Artist 52 [7]

x^2=40^2+9^2\\x^2=1600+81\\x^2=1681\\x=\sqrt{1681}=41

7 0
3 years ago
Read 2 more answers
Other questions:
  • Which polynomial represents the sum below?
    12·1 answer
  • 8.9x10^5 tons= ? Ounces
    5·1 answer
  • 7-x+3=9x+10<br> x=?<br><br> please help
    8·2 answers
  • Least comun multiple 6 and 8
    12·2 answers
  • Manuel created a factor tree and wrote the prime factorization of 60 shown below.
    5·2 answers
  • Find the missing side to the triangle in the attached image.
    7·2 answers
  • CDEF is kite and m A. 14 <br> B. 56 <br> C. 28 <br> D. 62
    9·1 answer
  • Please help I need to finish Alex before the school day ends, 30 points.
    8·2 answers
  • Mhc-cghz-fve - G MEEET C0DE<br>ANYONEEEE❤️❤️​
    7·2 answers
  • A water tanklalready contains
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!