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wolverine [178]

3 years ago

8

A principal of $2500 is invested at 8.25% interest, compounded annually. How much will the investment be worth after 11 years? U

se the calculator provided and round your answer to the nearest dollar.

1 answer:

elixir [45]3 years ago

3 0

Answer:

$5979

Step-by-step explanation:

8.25% = 0.0825

1.0825^11 = 2.3917

2.3917 * 2500 = 5979.25 = 5979

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Travis is cutting strips of paper for a project. He needs strips that are 114 inches wide. He cut his first strip too wide. His

choli [55]

Travis cuts 125 whole 2/5 inches wide strip if the percent of error was 10% the actual length of the strips he needs to cut was 114 inches

<h3>What is the percentage?</h3>

It is defined as the ratio of two numbers expressed in the fraction of 100 parts. It is the measure to compare two data, the % sign is used to express the percentage.

We have:

The length Travis needs to cut = 114 inches

Percent of error = 10%

Let's assume he cuts x inches wide strip

So from the percent of error formula:

$\rm \dfrac{x-114}{114} = \dfrac{10}{100}$

$\rm x = \dfrac{114}{10}+114$

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$\rm x = 125\dfrac{2}{5} \ inches$

Thus, Travis cuts 125 whole 2/5 inches wide strip if the percent of error was 10% the actual length of the strips he needs to cut was 114 inches

Learn more about the percentage here:

brainly.com/question/8011401

#SPJ1

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