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Anon25 [30]
3 years ago
9

You invest $1,300 in an account that has an annual interest rate of 5%, compounded annually. How much money will be in the accou

nt after 10 years? Round your answer to the nearest whole number.
Mathematics
2 answers:
KIM [24]3 years ago
7 0

Answer:

A=Pe^rt

P= princible (1300)

e= (2.71828)- function on a graphing calculator

r = interest rate (.05 or 5%)

t = time (10 years)  

A = 1300e^.05(10)

A = 1300e^.5

A = 2143.337652

A = 2143

LenaWriter [7]3 years ago
6 0

\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$1300\\ r=rate\to 5\%\to \frac{5}{100}\dotfill &0.05\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &10 \end{cases}

\bf A=1300\left(1+\frac{0.05}{1}\right)^{1\cdot 10}\implies A=1300(1.05)^{10}\implies \stackrel{\textit{rounded up}}{A=2118}

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2 years ago
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4 0
3 years ago
What is the factored form of 2x2 + x-3?
Vesnalui [34]

Answer:

Step-by-step explanation:

a = 2, b = 1, c = -3

We need to factor this by finding the product of a and c, then from there find which factors of a * c will either add or subtract to give us b.

a * c = 6  and the factors of 6 and 1 and 6, 2 and 3.  Well, 6 - 1 doesn't equal 1 and neither does 6 + 1.  So our factors are 3 and 2.  In order to combine those to get a 1 (our b), we will subtract 2 from 3 since 3 - 2 = 1.  That means that 3 is positive and 2 is negative.  Filling in the formula with 3 and 2 in place of 1 looks like this (always remember to put the absolute value of the largest number first):

2x^2+3x-2x-3=0

Group the first 2 terms together and the second 2 term together in order to factor:

(2x^2+3x)-(2x-3)=0 and factor out what's common in each set of parenthesis.

x(2x+3)-1(2x+3)=0

Notice that when we factor out a -1 from the second set of parenthesis, we can distribute it back in to get the equation we started with.  We know that factoring by grouping "works" if what is inside both sets of parenthesis is exactly the same.  Ours are identical: (2x + 3).  That is common now, and can be factored out:

(2x+3)(x-1)=0

That matches your first choice

6 0
3 years ago
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