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Orlov [11]
3 years ago
12

Find the amount of savings if $1000 is deposited for three years at 8% annual interest, compounded annually.

Mathematics
1 answer:
Jet001 [13]3 years ago
5 0

Answer:

C) $1,259.71

Step-by-step explanation:

For this problem, we will be using the equation

A = P(1 + r)^t

Where P is our initial value, in this case, $1,000

r is our interest rate, represented in decimal format, so

8% / 100% = 0.08

t is our time, in this case, 3 years

Let's fill in our variables in the equation

A = 1,000(1 + 0.08)^3

A = 1,000(1.08)^3

A = 1,000(1.25971)

A = 1,259.71

After the three years of compounded annual interest, the savings account with have $1,259.71.


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A catering service offers
Fiesta28 [93]

Answer:

There are 52920 ways to do the banquet

Step-by-step explanation:

* Lets revise the combination to solve this problem

- A combination is a collection of the objects where the order

 doesn't matter

- The order is not important in this problem, so we can use the  

  combination nCr to find how many ways can this done

* Lets solve the problem

- A catering service offers 6 appetizers, 7 main courses, 10 desserts.

- A customer is to select 5  appetizers,  4  main courses, 5  desserts

 for a banquet

∵ We want to select  5  appetizers from 6

∴ There are 6C5 ways to chose the appetizers

∵ 6C5 = 6

∴ There are 6 ways to chose the appetizers

∵ We want to select  4  main courses from 7

∴ There are 7C4 ways to chose the main courses

∵ 7C4 = 35

∴ There are 35 ways to chose the main courses

∵ We want to select  5  desserts from 10

∴ There are 10C5 ways to chose the desserts

∵ 10C5 = 252

∴ There are 252 ways to chose the desserts

- To find the number of ways to do the banquet multiply all the

  answers above

∵ The total ways = 6C5 × 7C4 × 10C5

∴ The total ways = 6 × 35 × 252 = 52920

* There are 52920 ways to do the banquet

5 0
3 years ago
Find the sum of the first 8 terms of the series. 1/2 + 1 + 2 + 4
Roman55 [17]

\bf \cfrac{1}{2}~~,~~\stackrel{2\cdot \frac{1}{2}}{1}~~,~~\stackrel{2\cdot 1}{2}~~,~~\stackrel{2\cdot 2}{4}~~,...

so as you can see the common ratio is 2, and the first term is 1/2,

\bf \qquad \qquad \textit{sum of a finite geometric sequence} \\\\ S_n=\sum\limits_{i=1}^{n}\ a_1\cdot r^{i-1}\implies S_n=a_1\left( \cfrac{1-r^n}{1-r} \right)\quad  \begin{cases} n=n^{th}\ term\\ a_1=\textit{first term's value}\\ r=\textit{common ratio}\\ ----------\\ r=2\\ a_1=\frac{1}{2}\\ n=8 \end{cases} \\\\\\ S_8=\cfrac{1}{2}\left( \cfrac{1-2^8}{1-2} \right)\implies S_8=\cfrac{1}{2}\left( \cfrac{-255}{-1} \right)\implies S_8=\cfrac{255}{2}

4 0
4 years ago
Read 2 more answers
Jen can bike 12 miles in 40 minutes. How much time will she need to bike 30 miles if her speed remains the same? PLEASE HELP QUI
murzikaleks [220]

Answer: 100 minutes

Step-by-step explanation:

With the given information, we can use a proportion to figure out how long it would take for Jen to bike 30 miles.

\frac{12mi}{40min} =\frac{30mi}{x} \\

12x=30*40

12x=1200

x=100

5 0
3 years ago
Read 2 more answers
How do you solve for x? -10 - 2x > 54
expeople1 [14]

Answer:

x< -64

Step-by-step explanation:

hope this helps ;)

4 0
3 years ago
Read 2 more answers
Any help would be appreciated! :)
ikadub [295]

Answer:

-7, then -13, then -19

Step-by-step explanation:

Plug in x values to get y.

y = -2(0) - 7

y = 0 - 7

y = -7

y = -2(3) - 7

y = -6 - 7

y = -13

y = -2(6) - 7

y = -12 - 7

y = -19

Hope this helps. :0)

7 0
3 years ago
Read 2 more answers
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