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
Margaret [11]
2 years ago
14

Compound interest . A student get a grant of $10000 a year assuming her grant is increased by 7% each year what will her grant b

e in four years time
Mathematics
1 answer:
Klio2033 [76]2 years ago
3 0

Answer:

Her grant in four years time will be of $13108.

Step-by-step explanation:

Exponential equation:

An exponential equation has the following format:

A(t) = A(0)(1+r)^t

In which A(0) is the initial value and r is the growth rate, as a decimal.

A student get a grant of $10000 a year assuming her grant is increased by 7% each year

This means that A(0) = 10000, r = 0.07

So

A(t) = A(0)(1+r)^t

A(t) = 10000(1+0.07)^t

A(t) = 10000(1.07)^t

What will her grant be in four years time?

This is A(4). So

A(t) = 10000(1.07)^t

A(4) = 10000(1.07)^4 = 13108

Her grant in four years time will be of $13108.

You might be interested in
How do you write <br><br> 40/25<br> as a percentage?
rosijanka [135]
<span>What percent of 40 is 25? 
Let x = what percent 
of = multiplication 
is means = 
We now write it in math terms: 
x times 40 = 25 

40x = 25 
Divide both sides by 40 to find x. 
x = 25/40 
x = 0.625 
Change the decimal number 0.625 to a percent. 
x = 62.5%
</span>
6 0
3 years ago
Y=x^2-25 is it linear?
Svetllana [295]

Answer:

yes it is i think

7 0
3 years ago
Read 2 more answers
Kermit's favorite iced tea is made with 151515 tea bags in every 222 liters of water. Peggy made a 121212-liter batch of iced te
muminat

Answer:

The answer is (Choice C)  It is just right.

Step-by-step explanation:

<u><em>The question is incomplete, so the complete question is below:</em></u>

Kermit's favorite iced tea is made with 15 tea bags in every 2 liters of water. Peggy made a 12-liter batch of iced tea with 90 tea bags. What will Kermit think of Peggy's iced tea? Choose 1 answer: (Choice A)  It is too strong. (Choice B)  It is too weak. (Choice C)  It is just right.

Now, to find which of the choice is correct.

So, we find first the unit rate of Peggy's iced tea bags per liter:

If, Peggy made a 12-liter batch of iced tea with 90 tea bags.

Then, Peggy would made a 1-liter batch of iced tea with = \frac{90}{12} =7.5\ tea\ bags.

Now, to get the unit rate of Kermit's iced tea bags per liter:

If, Kermit made a 2 liter of iced tea with 15 tea bags.

Then, Kermit would made a 2 liter of iced tea with = \frac{15}{2} =7.5\ tea\ bags.

<u><em>Thus, the quantity of tea bags per liter is same of both Kermit and Peggy.</em></u>

<u><em>Hence, Kermit will think of Peggy's iced tea that </em></u><u><em>it is just right</em></u><u><em>.</em></u>

Therefore, the answer is (Choice C)  It is just right.

6 0
3 years ago
A recent study reported that 40% of community college students in the U.S. Receive federal loans to pay for college tuition and
sweet [91]

Answer:

How are you asking questions but no pictures.

Step-by-step explanation:

3 0
3 years ago
2 angles whose non shared sides are opposite rays are defined as
kenny6666 [7]
Two adjacent angles whose non-shared sides are opposite rays ( 2 words ) vertical angles. the non-adjacent angle pairs formed by two intersecting lines( 2 words ) perpendicular.
4 0
3 years ago
Other questions:
  • Answer the question now fast
    5·1 answer
  • Factor 18x+6y using gcf
    7·1 answer
  • The seventh-grade class is building target areas for a PE activity. The bases for the game will be in a circular shape. The diam
    15·2 answers
  • Calculate the constant of variation if y varies directly as x.
    10·2 answers
  • Two times the difference of a number and four is the same as five less than the number
    14·1 answer
  • What’s is 2.4827 nearest hundredth of an ounce
    13·2 answers
  • 5
    13·1 answer
  • Find the surface area of a right square pyramid with base edge length<br> 2 feet and height 5 feet.
    5·1 answer
  • The area of a square is 49 m2. What is its side length?​
    10·2 answers
  • What goes in the question marks?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!