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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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If the club decides to send 5 members to the convention, how many different groups of 5 are possible? there are 10 members
hodyreva [135]
For the 1st member, you have 10 possible choices.

For the 2nd, you have 9 remaining choices.

For the 3rd: 8.

So all possible combinations would be:
10*9*8*7*6 = 10! - 5! = 30,240 combinations.
7 0
3 years ago
Determine the area of the triangular ABC with AC =5cm and height DB=30mm​
seropon [69]

Answer:

Step-by-step explanation:

AC² = AD² + DB ²

25 = AD² + 9

AD²= 25 - 9

AD² = 16

AD = 4

Area = 4*3 /2

= 6cm

4 0
3 years ago
Solve. −35x+15>720 Drag and drop a number or symbol into each box to show the solution.
vampirchik [111]

Answer:

The solution of the inequality - 35x + 15 > 720  is x

Step-by-step explanation:

Consider the given inequality

- 35x + 15 > 720

Subtract both side by 15 , we get

- 35x + 15 - 15 > 720 - 15

- 35x > 705

Multiply both sides by -1 (Reverse the inequality )

(-35x)(-1) < 705 (-1)

35x < -705

Now, divide both side by 35

\frac{35x}{35}=\frac{-705}{35}

\Rightarrow x=\frac{-141}{7}

Thus, the solution of the inequality - 35x + 15 > 720  is x

6 0
3 years ago
X -(2x- 3x-4/7) = 4x -27/3 -3​
RUDIKE [14]
RHS
=4x-27/0
=not defined=0

LHS
=x-2x+3x+4/7=2x+4/7=(14x+4)/7= 14x+4.

14x=-4

x=-4/14

X=-2/7
7 0
3 years ago
Read 2 more answers
Why does math get so hard that you have an answer but you forget what your answer was because it was so so so so so so so so so
svetoff [14.1K]
Bc u dont write ur work down. If u actually take the steps to do the question it wont be that bad
8 0
3 years ago
Read 2 more answers
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