3 years ago

A principal of $3500 is invested at 5% interest, compounded annually. How much will the investment be worth after 10 years?

Mathematics

2 answers:

FinnZ [79.3K]3 years ago

7 0

Answer:

$5250.00

Step-by-step explanation:

3500 x 5% x 10

3500 x 0.05 x 10 = 1750

Then add 3500 with 1750

$5250.00

Lynna [10]3 years ago

4 0

Answer:

$5250.00

Step-by-step explanation:

3500 x 5% x 10

3500 x 0.05 x 10 = 1750

add 3500 with 1750

$5250.00

that is what i got

You might be interested in

Alex got 9 hits in his first 22 at bats. If his hitting rate remains constant, how many at bats would he have to have to reach 5

nikklg [1K]

Answer:

122.2222 repeating

Step-by-step explanation:

3 0

3 years ago

Maria finds a local gym that advertises 67 training sessions for $2052. Find the cost of 153 training sessions.

Ann [662]

Answer:

$Cost\ of\ 153\ training\ sessions\ =\$4685.9\approx\$4686$

Step-by-step explanation:

$Cost\ of\ 67\ training\ sessions\ =\$2052\\\\Cost\ of\ 1\ training\ sessions\ =\frac{Total\ cost}{Total\ training\ sessions}\\\\Cost\ of\ 1\ training\ sessions\ =\frac{2052}{67}\\\\Cost\ of\ 153\ training\ sessions\ =153\times cost\ of\ 1\ training\ sessions\ \\\\Cost\ of\ 153\ training\ sessions\ =153\times\frac{2052}{67}=4685.9\\\\Cost\ of\ 153\ training\ sessions\ \$4685.9\approx4686$