All categories

2 years ago

if a person invests $220 at 7% annual interest, find the approximate value of the investment at the end of 10 years

Mathematics

1 answer:

Anni [7]2 years ago

6 0

Answer:

Amount of investment after 10 year = $432.76 (Approx.)

Step-by-step explanation:

Given;

Amount of investment = $220

Annual rate = 7% = 0.07

Number of year = 10 years

Find:

Amount of investment after 10 year

Computation:

A = P[1+r]ⁿ

Amount of investment after 10 year = 220[1+0.07]¹⁰

Amount of investment after 10 year = 220[1.07]¹⁰

Amount of investment after 10 year = 220[1.9671]

Amount of investment after 10 year = 432.762

Amount of investment after 10 year = $432.76 (Approx.)

You might be interested in

Mason has a full bag of chocolate candies. He takes out all 38 of the green ones, which is 20% of the total number of chocolate

marta [7]

Answer:

190

Step-by-step explanation:

20 percent is 1 fifth of 100 percent so 38 would be 1 fifth. so multiply by 5

4 0

2 years ago

Read 2 more answers

What value should go in the red box

NeX [460]

I’m pretty sure it would be 4, since y= (x) which would be the numbers on the chart and then add 2
ex: y= (2) + 2
y= 4 and so on

6 0

3 years ago

Read 2 more answers

6y - 12 = -3x. Write in standard form

bulgar [2K]

3x+6y=12
Hope this helps

5 0

3 years ago

1.6 × 1.6 × 1.6 × 1.6

beks73 [17]

1.6 × 1.6 × 1.6 × 1.6 = 6.5536

3 0

3 years ago

Find the rectangular coordinates of the point with the polar coordinates (3, 3 divided by 2 pi ). (1 point)

kifflom [539]

Answer:

The correct choice is (0,-3)

Step-by-step explanation:

To convert from polar coordinates to rectangular coordinates, we use the parametric equations:

$x=r\cos \theta$ and $y=r\sin \theta$

The point given to us in polar coordinates is $(3,\frac{3}{2}\pi)$ .

where $r=3,\theta=\frac{3\pi}{2}$

$x=3\cos (\frac{3\pi}{2})$ and $y=3\sin( \frac{3\pi}{2})$

$x=3(0)$ and $y=3(-1)$

$x=0$ and $y=-3$

The correct choice is (0,-3)

5 0

3 years ago