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Karo-lina-s [1.5K]
2 years ago
10

Compound interest is given by the formula A = P ( 1 + r ) t . Where A is the balance of the account after t years, and P is the

starting principal invested at an annual percentage rate of r , expressed as a decimal. Alex is investing money into a savings account that pays 2% interest compounded annually, and plans to leave it there for 15 years. Determine what Alex needs to deposit now in order to have a balance of at least $40,000 in his savings account after 15 years. Alex will have to invest a minimum of $ now in order to have a balance of at least $40,000 in his savings account after 15 years. Round your answer to the nearest dollar.
Mathematics
1 answer:
Thepotemich [5.8K]2 years ago
8 0

Answer:

I think it is $889, if not than I didn't understand a task

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I need answers to this
ololo11 [35]

Answer:

x = -5, and y = -6

Step-by-step explanation:

Suppose that we have two equations:

A = B

and

C = D

combining the equations means that we will do:

First we multiply both whole equations by constants:

k*(A = B) ---> k*A = k*B

j*(C = D) ----> j*C = j*D

And then we "add" them:

k*A + j*C = k*B + j*D

Now we have the equations:

-x  - y = 11

4*x - 5*y = 10

We want to add them in a given form that one of the variables cancels, so we can solve it for the other variable.

Then we can take the first equation:

-x  - y = 11

and multiply both sides by 4.

4*(-x - y = 11)

Then we get:

4*(-x - y) = 4*11

-4*x - 4*y = 44

Now we have the two equations:

-4*x - 4*y = 44

4*x - 5*y = 10

(here we can think that we multiplied the second equation by 1, then we have k = 4, and j = 1)

If we add them, we get:

(-4*x - 4*y) + (4*x - 5*y) = 10 + 44

-4*x - 4*y + 4*x - 5*y = 54

-9*y = 54

So we combined the equations and now ended with an equation that is really easy to solve for y.

y = 54/-9 = -6

Now that we know the value of y, we can simply replace it in one of the two equations to get the value of x.

-x - y = 11

-x - (-6) = 11

-x + 6 = 11

-x = 11 -6 = 5

-x = 5

x = -5

Then:

x = -5, and y = -6

5 0
3 years ago
Please answer : <br> (File below)
mars1129 [50]

Answer:

a

Step-by-step explanation:

4 0
2 years ago
A florist needs several pieces of ribbon that are 5 and 1/2 inches long if she begins with a piece of ribbon that is 264 inches
dimaraw [331]

Answer:

  48

Step-by-step explanation:

(264 in)/(5.5 in/piece) = (264/5.5) pieces = 48 pieces

_____

Division is the usual shortcut for repeated subtraction. You could subtract 5.5 from 264 until you get to zero. You would have to do 48 subtractions. It is easier to divide 264 by 5.5 to see how many times it goes.

8 0
2 years ago
Double my tens digit to get my ones digit and double me and I am less than 50
guajiro [1.7K]
Double my tens digit to get my ones digit and double me and i am less than 50? 
12,24
Hope I helped, good luck!
7 0
3 years ago
Write 1.59 correct to I decimal place<br> Write 1.58 correct to 1 decimal place
ipn [44]

Answer:

1.6 , 1.6

Step-by-step explanation:

Rounding 1.59 to 1 decimal place, it will be 1.6

1.58, rounded to 1 decimal place is 1.6

7 0
2 years ago
Read 2 more answers
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