If $1,000 is invested at 16% interest, compounded annually,

Mathematics

1 answer:

Harrizon [31]3 years ago

8 0

Answer:

equation; P=A(1+r/n)^nt

P=principal amount

A=value of investment

r= interest rate in decimals

n=number of times compounded

t=time in years

P=1000(1+0.16/12)^12(5)= $2213.8 rounded

Step-by-step explanation:

You might be interested in

A bag contains 25 balls 20 of which are blue what percentage of balls are not blue

Artist 52 [7]

Answer:

20%

Step-by-step explanation:

20/25 = blue

This means 5/25 of the balls in the bag are NOT blue

(25-20 = 5)

We need to convert 5/25 to a percentage

$\dfrac{5}{25} = \dfrac{5\times4}{25\times4}=\dfrac{20}{100}$

% = per cent

"per" means "out of"

"cent" means "one hundred"

20/100 = 20%

7 0

2 years ago

If 25% of the cars in the parking lot are white, how many cars in the parking lot are silver?

S_A_V [24]

If it is only white and silver cars then it would me 75%

7 0

3 years ago

Mashcka [7]

Answer:

Step-by-step explanation:

A11

5 0

3 years ago

The height of a tree is 8.194 meters.What is the height rounded to the nearst tenth of a meter?

Elan Coil [88]

SOLUTION:

Height of tree = 8.194 metres

Height of tree = 8.2 metres ( to the nearest tenth of a metre )

Therefore, the answer is:

The height of the tree is 8.2 metres when rounded to the nearest tenth of a metre.

Hope this helps! :)
Have a lovely day! <3

3 0

3 years ago

What’s the answer to number 4 ?

Marizza181 [45]

Answer:

$4.36*10^-^1$