All categories

3 years ago

Approximately how much money would Manny have if he invested $1,200 at an interest rate

Mathematics

1 answer:

quester [9]3 years ago

6 0

Answer:

$1,701.64

Step-by-step explanation:

(see attached for reference)

recall that for compound interest, the following formula applies:

A = P [1 + (r/n) ] ^ (nt), where

A = final amount (we are asked to find this)

P = Principal amount = $1,200

r = interest rate = 5% = 0.05

t = 7 years

n = 12

Substituting these into the equation,

A = 1200 [1 + (0.05/12) ] ^ [(12)(7)]

A = $1,701.64

You might be interested in

A film start at 17:15 and finish at 1 hour and 45 minutes later. what time did it finish?

vova2212 [387]

It ended at 19:00 or at 7 pm

4 0

2 years ago

Will give brainlyest if u help

goblinko [34]

Answer:

No, because it fails the vertical line test ⇒ B

Step-by-step explanation:

To check if the graph represents a function or not, use the vertical line test

Vertical line test: Draw a vertical line to cuts the graph in different positions,

if the line cuts the graph at just one point in all positions, then the graph represents a function

if the line cuts the graph at more than one point in any position, then the graph does not represent a function

In the given figure

→ Draw vertical line passes through points 2, 6, 7 to cuts the graph

∵ The vertical line at x = 2 cuts the graph at two points

∵ The vertical line at x = 6 cuts the graph at two points

∵ The vertical line at x = 7 cuts the graph at one point

→ That means the vertical line cuts the graph at more than 1 point

in some positions

∴ The graph does not represent a function because it fails the vertical

line test

7 0

3 years ago

Sarah borrowed some money from her father at a simple interest rate of 5.5% to pay for her college tuition. At the end of the ye

gavmur [86]

$\bf ~~~~~~ \textit{Simple Interest Earned Amount}
\\\\
A=P(1+rt)\qquad 
\begin{cases}
A=\textit{accumulated amount}\to &\$2555\\
P=\textit{original amount deposited}\\
r=rate\to 5.5\%\to \frac{5.5}{100}\to &0.055\\
t=years\to &1
\end{cases}
\\\\\\
2555=P[1+(0.055)(1)]\implies \cfrac{2555}{1+(0.055)(1)}=P
\\\\\\
\cfrac{2555}{1.055}=P\implies 2421.800947867 \approx P$

4 0

3 years ago

Can someone pls help

galben [10]

Answer:

1st - c

2nd - d

Step-by-step explanation:

jere is your answer

8 0

3 years ago

MATH HELP ME ASAP PLEASE

elena55 [62]

Answer:

53lbs.

Step-by-step explanation:

If Kevin bought 3 20lbs. Bags of gravel he would have 60 lbs. of gravel. In the end he has 7 lbs. of gravel left he used 53 pounds.

Equations:

7+x=60 or 60-7=53 lbs.

8 0

2 years ago

Read 2 more answers