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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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I need x+y=5 and y=2x-4solved algebraically
schepotkina [342]

Answer:

x = 3; y = 2

Step-by-step explanation:

x + y = 5

y = 2x - 4

<em>Isolate the y in the first equation</em>

y = 5 - x

y = 2x - 4

<em>Substitute the values</em>

5 - x = 2x - 4

<em>Isolate the Variable</em>

9 = 3x

<em>Simplify</em>

3 = x

<em>Plug that into the first equation</em>

3 + y = 5

<em>Subtract 3 from both sides</em>

y = 2

4 0
3 years ago
Read 2 more answers
23/7y state restrictions
qwelly [4]

The restrictions on the variable of the given rational fraction is y ≠ 0.

<h3>The types of numbers.</h3>

In Mathematics, there are six (6) common types of numbers and these include the following:

  • <u>Natural (counting) numbers:</u> these include 1, 2, 3, 4, 5, 6, .....114, ....560.
  • <u>Whole numbers:</u> these comprises all natural numbers and 0.
  • <u>Integers:</u> these are whole numbers that may either be positive, negative, or zero such as ....-560, ...... -114, ..... -4, -3, -2, -1, 0, 1, 2, 3, 4, .....114, ....560.
  • <u>Irrational numbers:</u> these comprises non-terminating or non-repeating decimals.
  • <u>Real numbers:</u> these comprises both rational numbers and irrational numbers.
  • <u>Rational numbers:</u> these comprises fractions, integers, and terminating (repeating) decimals such as ....-560, ...... -114, ..... -4, -3, -2, -1, -1/2, 0, 1, 1/2, 2, 3, 4, .....114, ....560.

This ultimately implies that, a rational fraction simply comprises a real number and it can be defined as a quotient which consist of two integers x and y.

<h3>What are restrictions?</h3>

In Mathematics, restrictions can be defined as all the real numbers that are not part of the domain because they produces a value of 0 in the denominator of a rational fraction.

In order to determine the restrictions for this rational fraction, we would equate the denominator to 0 and then solve:

23/7y;

7y = 0

y = 0/7

y ≠ 0.

Read more on restrictions here: brainly.com/question/10957518

#SPJ1

Complete Question:

State any restrictions on the variables 23/7y

4 0
2 years ago
I need help can some plz help
enot [183]
Replace the x and y and the answer would be A
5 0
3 years ago
Can someone help me find the slope of each set of ordered pairs?
Sonja [21]

Answer:

3-(-3) / -15-(-5)

= 3+3/-15+5

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= -3 /5

Hope it helps You

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5 0
3 years ago
Please help! Rhombus LMNO is shown with its diagonals. The length of LN is 30 centimeters. What is the length of LP? A.) 14 B.)
gulaghasi [49]

Answer:

B

Step-by-step explanation:

Since the diagonals of a rhombus bisect each other, that means P is the midpoint of LN. Therefore, LP = 1/2 * LN = 1/2 * 30 = 15.

5 0
3 years ago
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