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BartSMP [9]
3 years ago
10

How much must you deposit in an account that pays 7% annual interest compounded yearly to have a balance of $550 after 5 years?

Please answer quick! Thank uuu
Mathematics
1 answer:
myrzilka [38]3 years ago
6 0

Answer:

Correct answer: Deposit D = 392 $

Step-by-step explanation:

Given:

The ultimate value or balance  B = 550 $

interest rate r = 7 %  in decimal notation r = 0.07

n = 5 years   accounting period

Deposit  D = ?

This is a compound interest account to which the following formula applies:

B = D (1 + p)ⁿ  ⇒  D = B /  (1 + p)ⁿ

D = B /  (1 + p)ⁿ = 550 / (1 + 0.07)⁵ = 550 / 1.4 = 392.14 ≈ 392 $

D = 392 $

God is with you!!!

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Answer:

Step-by-step explanation:

1. EG=tangent line

2.EN=radius

3. ER=chord

4. IR=diameter

5.IW=secant line

6. Point E=point of tangency

7.IEW=Major arc

8. IE=minor arc

9.IER=semi-circle

10. Point N=center of a circle.

5 0
3 years ago
Read 2 more answers
Pedro and Carmela are cleaning their kitchen. It takes Pedro 3 hours to clean the kitchen by himself, while Carmela can clean th
Igoryamba

Answer:

B

Step-by-step explanation:

Here, we want to choose the equation representing the time it will take if they worked together

Let the amount of tasks to be done be t

pedro will work at a rate of t/3

Camela will take t/2

So the joint rate will be

t/2 + t/3

This joint rate will be equal to 1

Thus, we have

t/2 + t/3 = 1

5 0
3 years ago
Suppose a triangle has sides 3, 4, and 6. Which of the following must be true? A: The triangle in question is not a right triang
Talja [164]

Answer:

A: The triangle in question is not a right triangle.

Step-by-step explanation:

If the triangle is a right triangle, then the Pythagorean theorem would hold

a^2 + b^2 = c^2

3^2 + 4^2 = 6^2

9+16 = 36

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What are the multiples of rotation for a rectangle
Sedbober [7]

Answer:

Rotation of 90° (CounterClockwise) (x, y) (-y, x)

Rotation of 180° (Both Clockwise and Counterclockwise) (x, y) (-x, -y)

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Step-by-step explanation:

6 0
3 years ago
Solve using the elimination method:<br> X-3y=7<br> 3x + 3y=9
sergij07 [2.7K]

Answer:

                        x=4\\\\y=-1

Step-by-step explanation:

Given Equation:

x-3y=7      Equation:1

3x + 3y=9     Equation:2

Dividing Equation:2 by '3' both the sides:

x+y=3      

or   x=3-y     Equation:3

Putting the vale of 'x' in Equation:1

                             x-3y=7

                          (3-y)-3y=7\\\\3-y-3y=7\\\\3-4y=7\\\\

Subtracting '3' both sides

                             -4y=7-3\\\\-4y=4

                                 y=\frac{4}{-4}

                                 y=-1

Putting value of 'y' in Equation:3

                                x=3-y

                                x=3-(-1)\\\\x=3+1\\\\x=4

The solution of the equations is :

                              x=4\\\\y=-1

7 0
3 years ago
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