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Inessa05 [86]
3 years ago
13

Camille put $1,250 in a new account at her bank. - The bank pays 2.25% interest compounded annually on this account. - Camille m

akes no additional deposits or withdrawals. Which amount is the closest to the balance of the account at the end of 5 years?
Mathematics
1 answer:
Galina-37 [17]3 years ago
5 0

Answer:

FV= $1,397.1

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $1,250

Interest rate (i)= 2.25% compounded annually

Number of periods (n)= 5 years

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 1,250*(1.0225^5)

FV= $1,397.1

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HELP ME PLEASE!!
LUCKY_DIMON [66]

Using a system of equation, we have that:

a)

  • x, which is the cost of on-site service.
  • y, which is the cost of at-store service.
  • z, which is the cost of by-mail service.

b)

The system is:

x = 3y

z = y - 10

15x + 40y + 5z = 3100

c)

The cost of one on-site repair service is of $90.

Item a:

The variables are:

  • x, which is the cost of on-site service.
  • y, which is the cost of at-store service.
  • z, which is the cost of by-mail service.

Item b:

On-site service costs <u>3 times as much as at-store service</u>, thus:

x = 3y

By mail service costs <u>$10 less than at-store</u>  service, thus:

z = y - 10

Last week, the shop completed <u>15 services on-site, 40 services at-store, and 5 services by mail for total sales of $3100</u>, thus:

15x + 40y + 5z = 3100

The system is:

x = 3y

z = y - 10

15x + 40y + 5z = 3100

Item c:

  • The cost of one on-site repair service is x.
  • First, replacing the first two equations into the third, we find y, and then with it we find x.

15x + 40y + 5z = 3100

15(4y) + 40y + 5(y - 10) = 3100

60y + 40y + 5y = 3150

105y = 3150

y = \frac{3150}{105}

y = 30

Then

x = 3y = 3(30) = 90

The cost of one on-site repair service is of $90.

A similar problem is given at brainly.com/question/24823220

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Find the sum and express it in simplest form. <br><img src="https://tex.z-dn.net/?f=%28b%20-%203x%29%20%2B%20%28%20-%205b%20%2B%
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Step-by-step explanation:

pyr·a·mid

/ˈpirəˌmid/

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