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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

You might be interested in

Determine la ecuación general de la recta que pasa por los puntos (1,4); (- 2, - 5) y grafíquela.

Rudiy27

The equation of the line that passes through the points (1 , 4) and (-2, -5) is y = 3x + 1

<h3>Further explanation</h3>

Solving linear equation mean calculating the unknown variable from the equation.

Let the linear equation : y = mx + c

If we draw the above equation on Cartesian Coordinates , it will be a straight line with :

<em>m → gradient of the line</em>

<em>( 0 , c ) → y - intercept</em>

Gradient of the line could also be calculated from two arbitrary points on line ( x₁ , y₁ ) and ( x₂ , y₂ ) with the formula :

$\large {\boxed {m = \frac{y_2 - y_1}{x_2 - x_1}} }$

If point ( x₁ , y₁ ) is on the line with gradient m , the equation of the line will be :

$\large {\boxed{y - y_1 = m ( x - x_1 )} }$

Let us tackle the problem.

Let :

(1 , 4) → (x₁ , y₁)

(-2, -5) → (x₂ , y₂)

To find the straight line equation, the following formula can be used :

$\frac{y - y_1}{y_2 - y_1} = \frac{x - x_1}{x_2 - x_1}$

$\frac{y - 4}{-5 - 4} = \frac{x - 1}{-2 - 1}$

$\frac{y - 4}{-9} = \frac{x - 1}{-3}$

$\frac{y - 4}{3} = \frac{x - 1}{1}$

$y - 4 = 3 ( x - 1 )$

$y = 3x - 3 + 4$

$\large {\boxed {y = 3x + 1} }$

<h3>Learn more</h3>

Infinite Number of Solutions : brainly.com/question/5450548
System of Equations : brainly.com/question/1995493
System of Linear equations : brainly.com/question/3291576

<h3>Answer details</h3>

Grade: High School

Subject: Mathematics

Chapter: Linear Equations

Keywords: Linear , Equations , 1 , Variable , Line , Gradient , Point

4 0

3 years ago

If each square on the grid represents 400 miles how many miles would Jacob's family travel in total

faltersainse [42]

I got 11,600 miles, I am not 100% sure but that is what I got..

3 0

3 years ago

Increase £30 by 15. what is the answer

Whitepunk [10]

45..............

....
...

5 0

4 years ago

Please help me ive been stuck on this question for days! Thank you

Zielflug [23.3K]

Okay, so this is basically telling you that there is no solution. You don't have to worry about there being one. You just have to justify (or explain) why there isn't one.

Basically, neither y or x is equal to anything. You couldn't make x equal to a value in y because x and y are both together in the equation and equal to numbers.

We can always move a factor to the other side. So,

x-2y= -8

Add 2y to the other side.

x= -8+2y

Now, plug in -8+2y as x.

3(-8+2y)- 6y=-12

-24+6y-6y= -12

The 6y's cancel out. So, we can't figure out what y is.

-24=-12 <- no y.

These two lines are parallel. They have direct proportion in each other. That is why there is no solution because the lines never cross. Parallel lines do not cross.

I hope this helps!
~kaikers

6 0

4 years ago

Please help with any you can

Nady [450]

The first one
x/4-x/5= 5/4
LCM of left hand side
5x-4x/20 = 5/4
x/20 = 5/4
x = 100/4
x = 25

6 0

3 years ago