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hjlf
4 years ago
10

You deposit $5000 in an account earning 2% interest compounded continuously. How much will you have in the account in 15 years?

Mathematics
1 answer:
Brilliant_brown [7]4 years ago
8 0
The compound interest is given by:
A=p(1+r/100)^n
where:
A=future amount
p=principle
r=rate
n=time in years
Therefore given that, p=$5000, r=2% and n=15 years, the amount after 15 years will be:
A=5000(1+2/100)^15
A=5000(1+0.02)^15
A=5000(1.02)^15
A=6,729.34
We conclude that the amount after 15 years will be $6,729.34
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In order to clear out room for new merchandise, James decided to mark down some of the items for sale in his electronics store.
masya89 [10]

The correct answer is A, as the DVD player's price was reduced by $ 3.82 more than the stereo tuner's price.

In order to clear out room for new merchandise, James decided to mark down some of the items for sale in his electronics store, and he marked down DVD players by 36%, and he marked down stereo tuners by 22%, if DVD Players cost $ 41.60 after the markdown and stereo tuners cost $ 69.42 after the markdown.

To determine which item's price was reduced by more, and by how many dollars more was it reduced, the following calculation must be performed:

  • 100 - 36 = 64
  • 64 = 41.60
  • 100 = X
  • 100 x 41.60 / 64 = X
  • 4160/64 = X
  • 65 = X
  • 65 - 41.60 = 23.40

  • 100 - 22 = 78
  • 78 = 69.42
  • 100 = X
  • 69.42 x 100/78 = X
  • 6942/78 = X
  • 89 = X
  • 89 - 69.42 = 19.58

Therefore, the DVD player's price was reduced by $ 3.82 more than the stereo tuner's price.

Learn more about maths in brainly.com/question/18629331

4 0
2 years ago
If it takes Doug 40 mins to clean his home and Frankie 50 mins. How long will it take if they work together?
lora16 [44]
Find the average value:
40 minutes + 50 minutes = 90 minutes
90 minutes/2 = 45 minutes
Together it will take them 45 minutes to clean the house
8 0
3 years ago
Plz help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Harrizon [31]
You at the photos and what you see put it down and what you know put it down
8 0
3 years ago
The population of cats in a shelter decreased from 100 to 55. What is the percentage decrease of the shelter's cat population?
torisob [31]

Answer:

70%

Percentage of cats euthanized in shelters: 70%9 Dec 2020

5 0
3 years ago
13. A map has a scale of 2 cm to 3 km.
Aleksandr [31]

Scale = 1cm:3km

Therefore area of lake = 81Km

1:3 = x:81

= 27:81

Therefore the area on map is 27cm

Must click thanks and mark brainliest

6 0
3 years ago
Read 2 more answers
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