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
lbvjy [14]
3 years ago
6

A principal of $2600 is invested at 7% interest, compounded annually. How much will the investment be worth after 13 years?

Mathematics
1 answer:
AveGali [126]3 years ago
4 0

Answer:

The total amount accrued, principal plus interest,  from compound interest on an original principal of  $ 2600 at a rate of 7% per year  compounded 1 time per year  over 13 years is $ 6266.

Step-by-step explanation:

Given

Principle P =  $2600

Interest rate r = 7% = 0.07

Time period t = 13 years

Compounded annually means: n = 1

To determine

Accrued Amount = ?

Using the formula

A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}

substituting P = 2600, r = 0.07, t = 13, n = 1

A\:=\:2600\left(1\:+\:\frac{0.07}{1}\right)^{1\left(13\right)}

A=2600\left(1+0.07\right)^{1\cdot \:13}

A = 6266 $

Therefore, the total amount accrued, principal plus interest,  from compound interest on an original principal of  $ 2600 at a rate of 7% per year  compounded 1 time per year  over 13 years is $ 6266.

You might be interested in
(5x10^3)x(9x10^7) can someone please answer this for me.
Anna11 [10]
4.5 times 10^10

1. Multiply 5times ten to the third

2. Multiply 9 times ten raised to the seventh

Then multiply them together
5000 times 90000000
5 0
3 years ago
Which of these triangles are translations of Triangle A?
kondaur [170]

Answer:

A B C D E F are all the same shape

8 0
3 years ago
Read 2 more answers
Is the function y=1/9x-6 linear or nonlinear?
Galina-37 [17]
It is in the form y = mx + b. therefore it is linear.
6 0
3 years ago
Please help? What is the tangent ratio of angle B?
bearhunter [10]

Answer:

Step-by-step explanation:

The tangent equation = side opposite angle / side beside angle

which in this case is tan\alpha =AC/ BC

which is the third choice

Hope that helps!

5 0
3 years ago
Solve the following problems. I REALLY NEED HELP 80 POINTS!
lisabon 2012 [21]

Answer:

a   10 yd   2ft  7 in

b 10 yd  1 ft  2 in

c  99 yd

d.  4840 sq  yd  7 sq ft  119 sq in  

Step-by-step explanation:

a.      2 ft. 5 in. +

9 yd. 3 ft. 2 in.

---------------------

9 yd   5ft   7 in

but 3 ft = 1yd

9 yd   5ft   7 in

+1yd   - 3ft

---------------------------

10 yd   2ft  7 in



b. 4 yd. 8 in

+ 6 yd. 6 in.

----------------------

10 yd   14 in

but 12 in = 1ft


10 yd       14 in

     + 1ft   - 12 in

---------------------

10 yd  1 ft  2 in



c. 29 yd. 2 ft. 11 in.

  55 yd. 1 ft. 10 in.

+ 13 yd. 1 ft. 3 in.  

--------------------------

97 yd   4 ft   24 in

12 in = 1ft

24 in = 2ft


97 yd   4 ft   24 in

           +2ft    - 24 in

--------------------------------

97 yd   6ft

3 ft = 1yd

6f = 2yd


97 yd   6ft

+2yd   - 6ft

---------------------

99 yd


d. 4,839 sq. yd. 8 sq. ft. 139 sq. in.

                      + 7 sq. ft. 124 sq. in.

--------------------------------------------------

  4839  sq yd  15 sq ft   263 sq in

12*12 = 144 sq in = 1 sq ft

 4839  sq yd  15 sq ft   263 sq in

                       + 1 sq ft  - 144 sq in

--------------------------------------------------

4839  sq yd  16 sq ft  119 sq in

3ft * 3 ft = 9 sq ft = 1 sq yd

4839  sq yd  16 sq ft  119 sq in

      +1 sq yd  - 9 sq ft

----------------------------------------------

4840 sq  yd  7 sq ft  119 sq in              

8 0
3 years ago
Read 2 more answers
Other questions:
  • |x - 3| +8=3<br><br> Absolute value equations
    13·2 answers
  • The car at each vertex of a Ferris wheel holds a maximum of 5 people. The sum of the measures of the angles of the Ferris wheel
    11·1 answer
  • Please help with this question!
    15·1 answer
  • What is the answer to this? And I would like if anyone else could explain how they got the answer for me to understand.
    11·1 answer
  • Bert already has $50 but needs a total of at least $250 for hid holiday. He gets paid $23 per day for delivering papers. What is
    9·2 answers
  • On a coordinate plane, square A B C D is shown. Point A is at (3, 4), point B is at (2, negative 2), point C is at (negative 4,
    12·1 answer
  • URGENT! PLEASE HELP
    11·1 answer
  • Question 9 Please Help
    9·1 answer
  • Help please :(
    7·2 answers
  • I need answer quickly
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!