A principal of $4700 is invested at 8.25% interest compounded annually. How much will the investment be worth after 7 years?

Mathematics

1 answer:

Mariana [72]3 years ago

8 0

Answer:

$7562.50

Step-by-step explanation:

4700 (1.0825)^7-1

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denis-greek [22]

Answer:

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Step-by-step explanation:

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3 years ago

A town has a population of 13,000 and grows at 5% every year what will the population be after 11 years to the nearest whole num

scoray [572]

This question is based on the concept of
amount of interest. Therefore, 22,234 would be
the population after 11 years, to the nearest
whole number.
Given:
A town has a population of 13000 and grows at
5% every year.
We need to determined the population after 11
years, to the nearest whole number.
We know that,
Formula =A = P(1+ r)
Where, p be the population. r is the rate and t is
the time.
P= 13000,
r= 5%
†= 11
Now put all these values in formula.
We get,
5
A = 13000(1 +
A
= 13000(1 + 0.05)11
A
= 1300022, 234.41(0.95)

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2 years ago

Find the 53rd term of the arithmetic sequence<br> 27,11, -5

vivado [14]

Answer:

The 53rd term of this arithmetic sequence is -805.

Step-by-step explanation:

The general rule of an arithmetic sequence is the following:

$a_{n+1} = a_{n} + d$