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ololo11 [35]
3 years ago
7

Yoko will spend more than $29 on gifts. So far, she has spent $14. What are the possible additional amounts she will spend?

Mathematics
1 answer:
Sergeu [11.5K]3 years ago
6 0

<u>Answer:</u>

$15 and above.

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The formula A equals =P left parenthesis 1 plus r right parenthesis squared (1+r)2 gives the amount A in dollars that P dollars
vlabodo [156]
The interest rate is 3.5%.

EXPLANATION

We substitute the given values into the formula;

A=P(1+\frac{r}{100})^t

to obtain

6427.35=6000(1+\frac{r}{100})^2

We divide through by 6000 to obtain,

\frac{6427.35}{6000}=(1+\frac{r}{100})^2

This implies that,

1.071225=(1+\frac{r}{100})^2

We take the square root of both sides,

\sqrt{1.071225}=(1+\frac{r}{100})

This gives us,

1.035=(1+\frac{r}{100})

Add -1 to both sides of the equation to obtain

0.035=\frac{r}{100}

Multiply through by 100 to obtain;

r=3.5%

Therefore the rate is 3.5%
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3 years ago
PLEASE HELP <br><br> Which relation is a function?!
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Layla has 30 pairs of shoes in her closet 10% white 30% black 40% are brown and the rest are bright colored how many pairs are b
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8 0
3 years ago
Read 2 more answers
Lynne invested 35,000 into an account earning 4% annual interest compounded quarterly she makes no other deposits into the accou
storchak [24]

Hello!

Lynne invested 35,000 into an account earning 4% annual interest compounded quarterly she makes no other deposits into the account and does not withdraw any money. What is the balance of Lynne's account in 5years

Data:

P = 35000

r = 4% = 0,04

n = 4

t = 5

P' = ?

I = ?  

We have the following compound interest formula

P' = P*(1+\dfrac{r}{n})^{nt}

P' = 35000*(1+\frac{0,04}{4})^{4*5}

P' = 35000*(1+0,01)^{20}

P' = 35000*(1,01)^{20}

P' = 35000*(1.22019003995...)

P' \approx 42,706.66

So the new principal P' after 5 years is approximately $42,706.66.  

Subtracting the original principal from this amount gives the amount of interest received:

P' - P = I

42,706.66 - 35000 = \boxed{\boxed{7,706.66}}\end{array}}\qquad\checkmark

________________________

I Hope this helps, greetings ... Dexteright02! =)

4 0
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