1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
satela [25.4K]
3 years ago
15

Stan borrows $5,500 at a rate of 12% interest per year. What is the amount due at the end of 5 years if the interest is compound

ed continuously? In your final answer, include your calculations.
Mathematics
2 answers:
daser333 [38]3 years ago
6 0

Answer:

1.) Without compound interest, you would earn only $8800.00. This means that thanks to the power of compound interest you will earn an additional $1191.83 in interest at the end of the 5 year term.

2.) Using the compounded interest formula, you will earn $22883.01 after the 7 year term.

3.) Because of the negative interest, the compounded amount is only $695,929.30.

4.) Putting money in a saving account is saving money with a lower earning compared to investments. Investments have the higher potential of earning more than just having a basic savings account.

Step-by-step explanation:

aleksandr82 [10.1K]3 years ago
6 0

If you don't have compound interest, you would earn only $8800.00. This means that thanks to the power of compound interest you will earn an additional $1191.83 in interest at the end of the 5 year plan.

You might be interested in
The height of a square prism is 3n + 1. The volume of the prism is 3n³ + 13n² + 16n + 4. What is the area of the square base of
EastWind [94]
If s is the side of the square base, the area of the square base is s^2.
The volume of the square base is,
V = (s²) (h)
s² = V/h
s² =  3n³ + 13n² + 16n + 4 / <span>3n + 1
You can do this division by factoring, synthetic division, or by plain division.
Factoring out 3n + 1 from the numerator gives you:
</span>s² = (3n + 1)(n² + 4n + 4) / 3n+1
s² = n² + 4n + 4

Therefore, the area of the square base is <span>n² + 4n + 4.</span>
8 0
3 years ago
Peter has decided to save $30 each week to buy a new stereo system.Write a direct variation equation for the amount of money, m,
Lena [83]
M=w-30 is the answer if you want to find how much you want to find each week.
3 0
3 years ago
Can somebody please solve question 11 for me?
love history [14]
1+tan^2(A) = sec^2(A) [Pythagorean Identities]

tan^2(A)cot(A) = tan(A)[tan(A)cot(A)] = tan(A)[1] = tan(A)


*see photo for complete solution*

6 0
4 years ago
What are the domain and range of the function f(x) = 4(3/81)*?
Ulleksa [173]

Answer:108

Step-by-step explanation: divided 81 and 3. the answer is 27. multiply 27 x 4 you get 108.

8 0
4 years ago
Diego has 27 ounces of juice. He pours equal amounts for each of his 3 friends and has 6 ounces left for himself. A. Find the so
Dvinal [7]

Answer:

3x + 6 =27

Step-by-step explanation:

A. The solution is 7! First I Subtracted 6 from both sides of the equation, Then I Divided both sides of the equation by the same term. Then I got "7" from doing the following.

B. The solution is the x in the answer which is the amount of juice he poured.

"Diego has 27 ounces of juice. He pours equal amounts for each of his 3 friends and has 6 ounces left for himself"

tell me if i did something wrong  

5 0
3 years ago
Read 2 more answers
Other questions:
  • Solve the system of the linear equation using any method:<br> 2x+5y=4<br> 4x+7y=11
    6·2 answers
  • 6/7 divided by 14/12
    9·2 answers
  • Estimate the following sum by rounding each number to the nearest ten.
    8·2 answers
  • What is the answer to this equation
    15·1 answer
  • During the year you own nike stock you earn a dividend of $1.25 pero share. You own 720 shares. How much did you earn in dividen
    12·2 answers
  • Brainers, please help me
    11·1 answer
  • A list of consecutive integers begin withs with m and ends with n. If n-m = 66, how many integers are in the list?
    11·1 answer
  • 3:1
    6·1 answer
  • Evaluate each expression for d = -3.
    7·1 answer
  • What is the measure of the missing side to the nearest tenth?<br> 9<br> 23<br> х
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!