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goldfiish [28.3K]
3 years ago
5

What is the value of

Mathematics
1 answer:
vitfil [10]3 years ago
4 0

Answer:

Can you please write a logical question

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you deposit $1500 in an account that pays 5% annual interest compounded continuously what is the balance after 6 years.
Gemiola [76]
Hello kiddio lets figure this out!

The formula for simple interest is I = P*R*T where I = interest, P = Principal (original amount), R is the rate as a decimal, and T is time in years.  So I = 1500*(.05)*6 = 1500*(0.30) = $450.  The total amount you have after 6 years is the amount you started with ($1500) plus the interest ($450) which is $1950.   The formula for yearly compounding is  A = P(1 + r)t   where   A = Accumulated or final amount  P = Principal ($1500) r = interest rate as a decimal (0.05)t = time (6 years)   A = 1500*(1 + 0.05)6 = 1500*(1.05)6 = $2010.14  

Have a nice day
3 0
2 years ago
Will purchased a $175,000 home with a 7/23 balloon mortgage. His initial rate was 3.5%. At the end of the initial rate, he decid
Ganezh [65]

Answer: $798.94

Step-by-step explanation:

8 0
3 years ago
The scores on a standardized test are normally distributed with the mean of 750 and standard deviation 70. Find the probability
mafiozo [28]
Hey the answer is C.47.7 
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3 0
3 years ago
Read 2 more answers
In a 30% off sale, the price of an item is reduced by £27.
Serggg [28]

Answer: the original cost of the item is 90$

Step-by-step explanation:

30% off of the item = 27$

27 dollar is 30% of the item

thus 27 = 0.30X

0.30X = 27

time both side by 10

3X = 270

270/3 = 90

3 0
2 years ago
Select the values that make the inequality y≥2y≥2 true.
ExtremeBDS [4]

9514 1404 393

Answer:

  {2, 2.001, 2.01, 2.1, 3, 5, 7, 10}

Step-by-step explanation:

The symbol ≥ means "greater than or equal to", so any values 2 or greater will make the inequality true. From your list, those are ...

  2 2.001 2.01 2.1 3 5 7 10

3 0
2 years ago
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