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Angelina_Jolie [31]
3 years ago
15

In 2012 Staci invested $14,500 in a savings account for her newborn son. The account pays 3.6% interest each year. Determine the

accrued value of the account in the year 2030, when her son will go to college. Round your answer the nearest cent.
In the year 2030, the accrued value will be $
Mathematics
1 answer:
s2008m [1.1K]3 years ago
6 0

Answer: $23,896

Step-by-step explanation:

In the year 2030, the number of years since the investment would be;

= 2030 - 2012

= 18 years.

As the question does not mention that the interest paid is compounded, simple interest will be used;

= Amount + (Amount * interest rate * number of years).

= 14,500 + ( 14,500 * 0.036 * 18)

= $23,896

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Beth left school driving toward the lake one hour before tim. tim drove in the opposite direction going 6 mph slower than beth f
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Beth's speed was 60 mph.

<h3>What is speed?</h3>
  • The speed (commonly referred to as v) of an object in everyday use and kinematics is the magnitude of the change in its position over time or the magnitude of the change in its position per unit of time; it is thus a scalar quantity.
  • The distance traveled by an object in a time interval is divided by the duration of the interval; the instantaneous speed is the limit of the average speed as the duration of the time interval approaches zero.
  • Velocity is not the same as speed.

To find what was Beth's speed:

Beth's data:

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Tim's data:

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Therefore, Beth's speed was 60 mph.

Know more about speed here:

brainly.com/question/4931057

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