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Likurg_2 [28]
3 years ago
14

Seema deposited $800 in a saving account earning 2.88% compounded annually. To the nearest cent, how much will she have in 16 ye

ars? Do not include the dollar sign in your answer.​
Mathematics
1 answer:
ehidna [41]3 years ago
5 0

Answer:

1260.04

Step-by-step explanation:

The formula for compound interest is:

A = P(1+\frac{r}{n})^{nt} where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period and t is the number of time periods elapsed. Since the deposit was compounded annually, just like the interest, we can omit the n in the equation.

Applying the formula to question:

800(1+\frac{2.88}{100})^{16} = 1260.04 (rounded off to nearest cent since it's money)

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Can you help with these two questions?
Lady bird [3.3K]

1) 155.91 grams would be left after 10 years

2) The population would be 376,478 in 2040

Step-by-step explanation:

The form of the exponential function is y=a(b)^{x} , where

  • a is the initial amount (y at x = 0)
  • b is the growth/decay factor
  • b = 1 + r, where r is the rate of growth
  • b = 1 - r, where r is the rate of decay

1)

Scientists are studying a 500 grams sample of a radioactive element, which has an annual decay rate of 11%

∵ The initial amount is 500 grams

∴ a = 500

∵ The annual decay rate is 11%

∴ r = 11% = 11 ÷ 100 = 0.11

∵ b = 1 - r ⇒ decay

∴ b = 1 - 0.11 = 0.89

- We need to find how many grams of the sample would be left

  after 10 years

∴ x = 10

- Substitute all of these values in the form of the exponential function

∵ y=500(0.89)^{10}

∴ y = 155.9085996

- Round it to 2 decimal places

∴ y = 155.91

155.91 grams would be left after 10 years

2)

In 2000, the population of an Ohio town was 140,212. The population is expected to grow at a rate of 2.5% each year

∵ The population of an Ohio town was 140,212

∴ a = 140.212

∵ The population is expected to grow at a rate of 2.5% each year

∴ r = 2.5% = 2.5 ÷ 100 = 0.025

∵ b = 1 + r ⇒ growth

∴ b = 1 + 0.025 = 1.025

- We need to find the population in 2040

∵ The number of years is 2040 - 2000 = 40 years

∴ x = 40

- Substitute all of these values in the form of the exponential function

∵ y=140212(1.025)^{40}

∴ y = 376478.1709

- Round it to the nearest whole number

∴ y = 376,478

The population would be 376,478 in 2040

Learn more:

You can learn more about the functions in brainly.com/question/11921476

#LearnwithBrainly

6 0
3 years ago
Find two consecutive integers whose sum is eleven less than three times the smaller integer.
maw [93]

Answer:

12 and 13

Step-by-step explanation:

8 0
3 years ago
In triangle EFG, angle E equals 8x-16, angle F equals x+8, and angle G equals 2x-10. What is the value of x?
Stels [109]

Answer: The value of x= 18

Step-by-step explanation:

Given: In triangle EFG, angle E equals 8x-16, angle F equals x+8, and angle G equals 2x-10.

The sum of all angles of a triangle is 180°.

Therefore, in triangle EFG

∠E + ∠F +∠G= 180°

⇒ 8x-16 +x+8+ 2x-10 =  180

⇒ 11x-18= 180

⇒ 11x = 180+18

⇒11x=198

⇒ x= 18   [Divide both sides by 11]

Hence, the value of x= 18

6 0
2 years ago
What is 1 1/4 + 3 5/8 = when its reduced to lowest term.
nikdorinn [45]

Answer:

4 7/8 or 4.875

Step-by-step explanation:

1 1/4 + 3 5/8 = 4 7/8 or 4.875

PLEASE MARK ME AS BRAINLIEST UWU

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