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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:

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spayn [35]

Answer:

Step-by-step explanation:

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4 0
2 years ago
A toll collector on a highway receives ​$8 for trucks and ​$5 for sedans. At the end of a 3​-hour ​period, she collected ​$208.
Vilka [71]

Answer:

The number of trucks and sedans can be

(0 trucks ,26 sedans)

(8 trucks ,21 sedans)

(24 trucks ,11 sedans)

(25 trucks ,1 sedans)

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(16 trucks ,16 sedans)

Step-by-step explanation:

Given:

The  cost for trucks =$5

The cost for sedans  =$8

The total amount collected = $208

To Find:

Number of trucks and sedans passed through the toll booth =?

Solution:

Let the number of trucks be x and the number of sedans be y

Then

5x + 8y = 208-------------------------------(1)

By Trail and error method

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5(25) + 8(1) = 208

5(32) + 8(6) =208

5(16) + 8(16) = 208

8 0
3 years ago
80 points just please help
Arlecino [84]

Answer:

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Step-by-step explanation:

If you used the first one

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input the values in the equations and check each one

5 0
3 years ago
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