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
neonofarm [45]
3 years ago
12

Suppose you invest 2500 at an annual interest rate of 7.5% compounded annually how much will you have in the account after 10 ye

ars
Mathematics
1 answer:
Mnenie [13.5K]3 years ago
5 0

Answer:

<u>The future value of this investment after 10 years is US$  5,152.58</u>

Step-by-step explanation:

1. Let's review the data given to us for solving the question:

Investment = US$ 2,500

Annual interest rate = 7.5% compounded annually

Duration of the investment = 10 years

2. Let's find the future value of this investment after 10 years, using the following formula:

FV = PV * (1 + r) ⁿ

Replacing with the real values, we have:

FV = 2,500 * (1 + 0.075) ¹⁰

FV = 2,500 * 1.0075¹⁰

FV = 2,500 * 2.06103

<u>FV = US$ 5,152.58</u>

You might be interested in
What is m∠LQK ?<br><br> Enter your answer in the box.
Lady_Fox [76]
∠LQK+∠GQL=90º
Therefore:
(4n-15)+(3n)=90
7n=90+15
7n=105
n=105/7
n=15

∠LQK=4n-15=4(15)-15=60-15=45

Answer: ∠LQK=45º
5 0
3 years ago
Read 2 more answers
Meg lives in Indianapolis and wants to visit her mom in Lima. She has been meaning to go to a chiropractor in Dayton, so she is
ella [17]

Answer: 44 miles

WORKINGS

Given,
The distance between Indianapolis and Lima, IL = 173 miles
The distance between Indianapolis and Dayton, ID = 165 miles
The distance between Dayton and Lima, DL is unknown

Since there are straight roads connecting the three cities, the connection between them form a right angles triangle.

The right angle is at Dayton
The hypotenuse is the distance between Indianapolis and Lima, IL

Therefore IL^2 = ID^2 + DL^2
173^2 = 165^2 + DL^2
DL^2 = 173^2 – 165^2
DL^2 = 29929 – 27225
DL^2 = 2704
DL = 52 miles

Therefore, The distance between Dayton and Lima, DL = 52 miles

The question is asking how many more miles would Meg drive if she stopped in Dayton first than if she drove directly to Lima.

That is, Distance of Indianapolis to Dayton + Distance of Dayton to Lima – Direct distance of Indianapolis to Lima
That is, ID + DL – IL
= 165 miles + 52 miles – 173 miles
= 217 miles – 173 miles
= 44 miles

Therefore, Meg would drive 44 more miles if she stopped in Dayton first than if she drove directly to Lima.
7 0
2 years ago
Step 1: (6×10^3) ÷ (2×10^2)
Nookie1986 [14]

Answer:

Error is in between the second and third step

the exponents must be subtracted

Step-by-step explanation:

8 0
2 years ago
Consider the system of equations:
Ann [662]

Answer:

X = 3x + 3

And

X = 4/3y + 4

This is from usatestprep

7 0
2 years ago
What is the solution of <br>3b² = 27<br>c² + 9 = 9​
Papessa [141]

Answer:

Step-by-step explanation:whole divide it

3b^=27

b^=27/3

b^=9

take squre roote

b=3

c^

4 0
3 years ago
Read 2 more answers
Other questions:
  • Do, 2(x, y)+(3,5).<br> The point (x, y) is<br> (1,3)<br> (-3/2, -5/2)<br> (-6, -10)
    11·1 answer
  • List all of the multiples of 6 that are less than 50
    7·1 answer
  • What is the mean, median, and mode of 33, 37, 37, 39, 42, 43, 46, 48, 50, 52, 55
    5·2 answers
  • Use rounding or compatible numbers to estimate the difference 762-332
    13·1 answer
  • How do you describe the Steps to a written equation in to point slope form of the line that passes through the points (3,-2) and
    5·1 answer
  • Is each expression equivalent to 6 * 53? Justify your reasoning.
    13·2 answers
  • ~Hi ~ Hi ~ Can ~ you ~ please ~ help ~ me ~ out? ~
    9·2 answers
  • Inverse variation equation that relates x and y.
    8·1 answer
  • Which of the following sets of numbers is a Pythagorean triple?
    13·1 answer
  • Metallic spheres of radii 6 cm, 8 cm and 10 cm, respectively, are melted to form a single solid sphere. Find the radius of the r
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!