1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lana71 [14]
3 years ago
5

When Madiha was born, her aunt opened a certificate of deposit in her honor to help send her to college someday. now at the age

of 18, there is $31,066 in Madiha's account. how much did her aunt originally invest if the interest rate was 6.5%? (round to the nearest dollar)
A.$375
B.$12,500
C.$10,000
D.$8,000
Mathematics
1 answer:
ziro4ka [17]3 years ago
5 0

Answer:

C.$10,000

Step-by-step explanation:

Let X be the amount of initial investment, 6.5% be the compound interest, n=18years and $31,066 as the final amount:

#Using compound interest:

A=P(1+i)^n\\\\\Where \ A=31066,i=6.5\%, n=18,P=X\\\\31066=P(1+6.5\%)^{18}\\\\31066=P(1.065)^{18}\\\\P=\frac{31066}{3.106654}\\\\P\approx10000

Hence, the amount initially ionvested is $10,000

You might be interested in
Mitra created a mosaic design using square 2x2 cm white tiles and 2x3 cm rectangular centimeter black tiles. She used twice as m
zvonat [6]

Mitra used 156 white tiles of 2x2 cm and 76 black tiles of 2x3 cm to form a pattern with an area of 1092 cm²

<h3>What is an equation?</h3>

An equation is an expression that shows the relationship between two or more numbers and variables.

Let x represent the number of white tiles and y represent the number of black tiles.

Area of white tiles = 2 cm * 2 cm = 4 cm²

Area of black tiles = 2 cm * 3 cm = 6 cm²

She used twice as many white tiles as black tiles. Hence:

x = 2y   (1)

Also, the finished pattern was 1092 square centimeters in area. Hence:

4x + 6y = 1092   (2)

From both equations:

x = 156, y = 78

Mitra used 156 white tiles of 2x2 cm and 76 black tiles of 2x3 cm to form a pattern with an area of 1092 cm²

Find out more on equation at: brainly.com/question/2972832

#SPJ1

3 0
2 years ago
As a nurse, part of your daily duties is to mix medications in the proper proportions for your patients. For one of your regular
spayn [35]

Answer:

10 milligrams of Medication A

Step-by-step explanation:

We'll write proportions/ratios for this:

20:16 is the usual proportion, and x:8 is this week's dose. The ratio from A to B has to be equal, so

20/16 = x/8

Cross-multiply:

(20)(8) = (16)(x)

160 = 16x

divide both sides by 16

x = 10

Please let me know if you have questions about this answer.

5 0
3 years ago
Tropical Smoothie is halfway between Shawn’s house and Isabella’s house. Shawn’s house is located at the point (4, 6) on the coo
weeeeeb [17]

Answer: i have

Step-by-step explanation: no idea

3 0
3 years ago
Rob spent $38 on shirts. Tee shirts cost $4 and long sleeve shirts cost $5. If he bought a total of 8 then how many of each kind
KATRIN_1 [288]

Answer:

2 long sleeve and then 7 short sleeve

3 0
3 years ago
Lisa started to drive from Boston to Washington, DC, which is 440 miles away, at 8:00 AM. For the first four hours of her trip,
sukhopar [10]

Answer:

60 mph

Step-by-step explanation:

Given;

Total distance covered d = 440 miles

Average speed in the first 4 hours v1 = 50 mph

Total time taken for the whole trip t = 8:00 to 4:00pm

t = 16:00-8:00 = 8 hours

Firstly we need to calculate the distance covered during the first 4 hours;

d1 = average speed × time = v1 × t1

t1 = 4

d1 = 50 × 4 = 200 miles

Then we need to calculate the distance covered in the second period of the journey;

d = d1 + d2

d2 = d - d1

Substituting the values;

d2 = 440 - 200

d2 = 240 miles

The time taken for the second period of travel t2;

t2 = t -t1 = 8-4

t2 = 4 hours

Average speed = distance travelled ÷ time taken

The average speed for the second part of the trip v2 is;

v2 = d2 ÷ t2

Substituting t2 and d2;

v2 = 240 miles ÷ 4 hours

v2 = 60 mph

The average speed during the second part of the trip is 60 mph

3 0
3 years ago
Other questions:
  • Part 4. Find the measure of the indicated angle to the nearest degree​
    5·1 answer
  • If there are 3.28 feet in 1 meter, how many yards are in 8 meters? Round answer to the nearest tenth. (Hint: This problem requir
    7·1 answer
  • 2.
    12·1 answer
  • Which of the following is not a characteristic of the figure with vertices at coordinates A(1, 1), B(1, 2), C(2, 2), and D(2, 1)
    7·2 answers
  • A jewelry maker had 250 pieces of jewelry to sell at a local festival. she ended up selling 42% of the pieces she had made . How
    5·2 answers
  • What is the slope of a line that is parallel to the given line.<br> (1 Point)<br> y = 3x+5
    14·1 answer
  • Can some explain how to do algebra and what's the easiest way to do it
    15·1 answer
  • How many area codes (ABC) would be possible if all three digits could be any value 3-9
    12·1 answer
  • Find the circumference. use 3.14 for π r=2 cm c=? c=π d<br> help please
    12·1 answer
  • Can someone help will mark brainlist
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!