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
Darya [45]
3 years ago
13

For her 1st birthday, Ruth's grandparents invested $1000 in an 18-year certificate for her that pays 10% compounded annually. Ho

w much will the certificate be worth on Ruth's 19th birthday? (Round your answer to the nearest cent.)
Mathematics
1 answer:
Lyrx [107]3 years ago
7 0

Answer:

The certificate will be worth $5,559.92 on Ruth's 19th birthday.

Step-by-step explanation:

The compound interest formula is given by:

A = P(1 + \frac{r}{n})^{nt}

Where A is the amount of money, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per unit t and t is the time the money is invested or borrowed for.

In this problem, we have that:

P = 1000, n = 1, r = 0.1, t = 18

So

A = 1000(1 + \frac{0.1}{1})^{1*18}

A = 5559.92

The certificate will be worth $5,559.92 on Ruth's 19th birthday.

You might be interested in
Incorrect
kipiarov [429]

Answer:

46.3%/100 x 162 = 75.006 games. I guess you could round it off to 75 games

6 0
2 years ago
Jeff writes comic strips for a local newspaper. The number of comic strips he creates is represented by the function f(x) = 3x,
Andrei [34K]
If he does three hours, its 9 strips, for four, its 12, six is 18, seven is 21, and nine is 27
7 0
3 years ago
The quotient below is shown without the decimal point. Use number sense to place the decimal point correctly.
katrin2010 [14]

Answer:

35.8

Step-by-step explanation:

                \frac{340.1}{9.5}  = 358

 We know that our answer can never be greater than 358 since the dividend

is 340.1 and the divisor is 9.5;

  Also,

  Both values are to one decimal places and we can use this to solve the problem;

  9 can divide 340 in about 37 place with a remainder of 7,

    So, it is appropriate to make the solution 35.8

5 0
3 years ago
Ten more than 6 times a number is 4 less than 4 times the number. Please help me!!
Y_Kistochka [10]
10+6x=4x-4
6x-4x=-4-10
     2x=-14
      x-7
10=6(-7)=-32
4(-7)-4=-32
         =-32
6 0
3 years ago
Kalani had 3/5 pan of brownies. She sent 1/3 of
frozen [14]

I think its.......5/15=1/3

8 0
3 years ago
Other questions:
  • There are 3 cats in the room and no other creatures. Each cat has 2 ears, 4 paws, and 1 tail.
    6·1 answer
  • Evaluate the expression 12-(8+3)
    11·2 answers
  • Find the volume of each figure. Round your answer to the nearest hundredth, if necessary.<br><br>​
    6·1 answer
  • Solve for x. The triangles in each pair are similar. <br>​
    13·1 answer
  • A snowstorm lasted for three days Dearing the storm 7 inches of snow fell on the first day 5 inches of snow fell on the second d
    6·1 answer
  • The company financial officer was interested in the average cost of PCs that had been purchased in the past six months. She took
    12·1 answer
  • A surveyor measures from a point on the ground level that is 40 feet away from the building. the surveyor noted that the angle f
    12·1 answer
  • What is the solution to the equation 14x−34=12, given the replacement set {−1, 1, 5} ? x=−1 x = 1 x = 5 I don't know.
    7·2 answers
  • Find the value of the variable​
    9·1 answer
  • Which expression is equivalent to 35m2-63
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!