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frez [133]
3 years ago
5

Kira received a $1600 bonus. She decided to invest it in a 3-year certificate of deposit (CD) with an annual interest rate of 1.

36% compounded annually.
Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.

1.) assuming no withdrawals are made, how much money is in Kira's account after
3 years?

2.) How much interest is earned on Kira's investment after 3 years?
Mathematics
1 answer:
erma4kov [3.2K]3 years ago
5 0

Answer:

1. $1666.17

2. $666.17

Step-by-step explanation:

The bonus of $1600 that Kira gets is invested for 3 years at an annual interest of 1.36% compounded annually.

Therefore, after 3 years Kira will have in her account  

1600(1+\frac{1.36}{100} )^{3} =1600(1.0136)^{3}= 1666.17 dollars (Answer)

Therefore, the amount of interest earned by Kira's investment after 3 years will be  

$( 1666.17 - 1600 ) = $666.17 ( Answer )

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<h2>Answer:</h2>

First of all let's write the slope-intercept form of the equation of a line, which is:

y=mx+b \\ \\ Where: \\ \\ m: \ slope \\ \\ b: \ y-intercept

So we just need to find m \ and \ b to solve this problem.

Moreover, this problem tells us that Amir drove from Jerusalem down to the lowest place on Earth, the Dead Sea, descending at a rate of 12 meters per minute. So this rate is the slope of the line, that is:

m=-12

Negative slope because Amir is descending. So:

y=-12x+b

To find b, we need to use the information that tells us that he was at sea level after 30 minutes of driving, so this can be written as the point (30,0). Therefore, substituting this point into our equation:

y=-12x+b \\ \\ 0=-12(30)+b \\ \\ 0=-360+b \\ \\ \therefore b=360

Finally, the equation of Amir's altitude relative to sea level (in meters) and time (in minutes) is:

\boxed{y=-12x+360}

Whose graph is shown bellow.

6 0
3 years ago
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Rzqust [24]

Answer:

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Step-by-step explanation:

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4 0
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Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.
astraxan [27]

Answer:

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Step-by-step explanation:

What the problem is telling you is that the unlabeled angle is the same as the 70 degree angle. Since all the angles of a triangle add up to 180 degrees. First take 70+70, which equals 140. Now take the 180-140=40 ,so 40 would be the missing angle.

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Given the point (2,3) and the slope of 4, find y when x =22
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<span>y = mx + b
3 = 8 + b
3 - 8 = b
-5 = b
m = 4 and b = -5
y = 4x - 5
x = 22:
y = (4 x 22) - 5
y = 88 - 5
y = 83
</span>
Hope This Helps You!
Good Luck Studying :)
7 0
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Answer:

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