1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paha777 [63]
3 years ago
6

$2,500 for 25 years at 2.75% annual simple interest

Mathematics
1 answer:
xxMikexx [17]3 years ago
3 0

Answer:

4,218.75

Step-by-step explanation:

Lets say that P is your starting principal (spelled -pal and not -ple, because Your Money is Your Pal), r is the interest rate (expressed as a decimal), and Y is the number of years you invest. Then your future value will be:

P (1 + rY) (Simple Interest)

P (1 + r)Y (Annually Compounded Interest)

Note the two formulas give the same answer for one year. After that, compound interest takes off.

You might be interested in
Mr. John Doe was figuring out his federal income tax. His income was $26,800, but he was able to subtract $5,500 in deductions.
kumpel [21]
The answer is 
5.70

Mr. John Doe was figuring out his federal income tax. His income was $26,800, but he was able to subtract $5,500 in deductions. He paid 15% of the remaining income tax. How much did he pay?
7 0
3 years ago
This is 1 day late- help. ASAP
White raven [17]

Answer:

the third option

Step-by-step explanation:

do you want an explanation?

7 0
3 years ago
Read 2 more answers
Simplify expression 2/3[3f+12]+f
neonofarm [45]

Answer:

= 3f + 8

Step-by-step explanation:

Given that:

= 2/3[3f+12]+f

By simplifying:

2/3 will be multiplied inside the bracket as follows:

= 2/3*3f + 2/3*12 + f

By cancelling the terms with each other we get:

= 2f + 24/3 + f

By simplifying the fraction we get:

= 2f + 8 + f

Adding like terms

= 3f + 8

This is the simplified expression.

i hope it will help you!

4 0
3 years ago
I need to give the slope but I don’t know how someone help!
san4es73 [151]

Answer:

-4/2

Step-by-step explanation:

rise over run

goes down -4 "rises"

moves over 2 runs

7 0
3 years ago
What is the greatest common factor of 12, 24, and 48?​
Natali [406]

the greatest common factor (GCF) of 12, 24, and 48 is 12.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Using a picture, show house six people could share for sandwiches. Then, write an equation and solve.
    9·1 answer
  • What is the product of (2x2 + 4x - 2) and (3x+6)?
    7·2 answers
  • What is the value of 503492 and 26475
    7·1 answer
  • A college student realized that he was spending too much money on music. For the remaining 55 months of the year his goal is to
    6·1 answer
  • Help solve<br> 34 = 28 - 2/5X
    6·1 answer
  • I am down help please
    7·1 answer
  • nelly went ice skating and rented ice skates from world ice arena. the place charged her $5 per hour, h to go ice skating plus a
    11·2 answers
  • Help me please...........................
    9·2 answers
  • 3. Find the slope of a line passing through the points (-15, 48) (-3,60) *
    9·2 answers
  • X*[y+(-6)]=[13*(-19)]+[13*z]
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!