1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lidiya [134]
3 years ago
5

Cindy plans to invest for 10 years at 1.5%, compounded annually. If she hopes to have $10,000 after 10 years, how much

Mathematics
1 answer:
iogann1982 [59]3 years ago
8 0

Answer:

Use the formula for calculating compound interest PN=P0(1+rk)Nk where P0 is the unknown, PN=10,000, N=10, k=1, and r=0.015. Substitute the values into the formula and simplify.

10000=P(1+0.0151)1⋅10

10000=P(1.015)10

10000=P(1.16054...)

8616.67=P

Therefore, rounded to the nearest dollar, the initial investment needs to be $8617 to have $10,000 in 10 years.

Step-by-step explanation:

You might be interested in
HELP ASAP PLEASE!!!!!
kiruha [24]
I think the answer is (6,-4)
5 0
3 years ago
Read 2 more answers
Need help on math You have a meal at a restaurant. The sale tax is 8% . You leave a tip for the waitress that is 20% of the pret
DerKrebs [107]

Answer: $18

Step-by-step explanation:

Let x= Pretax price of the meal.

Given: Sales tax = 8%

Tip percent = 20%

As per given ,

Amount spent = ( Pretax price) + (Sales tax )  of (Pretax price) + (Tip percent)of (Pretax price)

=  x+ 8% of x +  20% of x

= x +0.08+0.20x

= 1.28x

∵ Amount spent =  $23.04

So,

1.28x=23.04\\\\\Rightarrow\ x=\dfrac{23.04}{1.28}\\\\\Rightarrow\ x=18

Hence, the pretax price of the meal= $18.

4 0
3 years ago
The dimensions of a rectangle are such that its length is 3 in more than its width if the length were doubled and if the width w
emmasim [6.3K]

Length (L): w + 3            ⇒2(w + 3)

width (w): w                    ⇒ w - 1

Area (A) = L x w

         A = (w + 3)(w)

         A = w² + 3w

*******************************************

       A + 176 = 2(w + 3)(w - 1)

(w² + 3w) + 176 = 2(w + 3)(w - 1)

w² + 3w + 176 = 2w² + 4w - 6

        3w + 176 = w² + 4w - 6

                 176 = w² + w - 6          

                   0 = w² + w - 182

                   0 = (w - 13) (w + 14)

0 = w - 13            0 = w + 14

w = 13                  w = -14

Since width cannot be negative, disregard -14

w = 13

Length (L): w + 3   = (13) + 3   = 16

Answer: width = 13 in, length = 16 in

7 0
3 years ago
The owner of a chain of bookstores plans to close one of his stores. What is the best way to display the data below if he wants
adelina 88 [10]

Answer:

Bar Graph

Step-by-step explanation:

5 0
2 years ago
A sphere has a diameter of 24 units. What is its volume in cubic units?
fenix001 [56]

Answer:

Okay done

Step-by-step explanation:

3 0
2 years ago
Other questions:
  • Troy signed up for a new cell phone plan which charges him a fee of $40 per month, plus $0.05 for each text message that he send
    13·1 answer
  • Which is the solution set of the inequality 15y-9<36
    6·2 answers
  • a culture started with 2000 bacteria. after 6 hours it grew to 2400 bacteria. predict how many bacteria will be present after 16
    6·1 answer
  • A triangle has vertices at the points A(1,-5), B(-4,-3), and C(3,-3). What is the area of this triangle?
    9·1 answer
  • A rectangle has a perimeter of 40 in. and a length of 15 in. What is its area?
    8·2 answers
  • Quadrilateral ABCD is located at A(−2, 2), B(−2, 4), C(2, 4), and D(2, 2). The quadrilateral is then transformed using the rule
    15·2 answers
  • Write a verbal expression for the <br> algebra expression<br><br> 5n+n/2
    12·2 answers
  • If y=7 when x=2 find x when y=3
    5·1 answer
  • What is the solution for the equation?-5/2=3/4+n
    10·2 answers
  • What is the constant term for -2a3b2+5ab5+7b4+8
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!