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d1i1m1o1n [39]
3 years ago
5

Rufus invest 10,000 in a savings account that pays 3.5 simple interest each year. If Rufus makes no withdrawal or deposits to th

e account how much money will be in the account after 7 years ?
Mathematics
1 answer:
IgorC [24]3 years ago
4 0

Answer:

$1272.28

Step-by-step explanation:

Our equation is

p*(1+x)^{t} , with p being the starting amount, x being the interest rate, and t being the time. Plug our variables in to get

1000*(1+0.035)^{7} = around 1272.28

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4 years ago
find the sum of the first 20 terms of an arithmetic sequence with a first term of -14 and a comman difference of 4​
timama [110]

Answer:

480

Step-by-step explanation:

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n = 20 a = -14 d = 4

S20 = 10 × (-28 + 19 × 4) = 480

7 0
3 years ago
Which factor is important to consider when building a savings fund for planned,long term needs ?
netineya [11]

Answer:

Principal amount of investment.

Interest rate.

Simple or compound interest.

Time to hold the investment.

Step-by-step explanation:

There are several factors to consider when building a savings fund for planned long term needs.

First of all, we have to consider the amount of principal money we can invest in. It may be a one-time investment or a systematic investment plan. I case of a one-time investment we can easily calculate the investment amount but in case of monthly or yearly investment, we have to be sure that we will be able to invest the amount for the said period of time.

Second is the interest rate that the fund is giving i.e. APR of the fund. Again, take care to identify whether it is a simple interest or compound interest. Obviously the compound interest is better than simple interest as it gives more interest.

The third is the time for which you can hold the money without withdrawal. (Answer)

4 0
4 years ago
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How do you this question?
Svetlanka [38]

Answer:

i think the answer is in the question it is -4,1

Step-by-step explanation:


7 0
3 years ago
Write an explicit formula for a_na n ​ , the n^{\text{th}}n th term of the sequence 7, -21, 63, ...7,−21,63,....
ArbitrLikvidat [17]

Answer:

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Step-by-step explanation:

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