Answer: The amount is $14794.39 and the interest is $9794.39
Step-by-step explanation: If you deposit <em><u>$5000</u></em><u> </u>into an account paying <em><u>7.5%</u></em> annual interest compounded yearly , how much money will be in the account after <em><u>15 years</u></em>?
To find amount we use formula:
A-P(1+r/n) n*t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
P=$5000, r=7.5, n=1 and, t=15 years
After plugging the given information we have
A= $5000 (1+0.075/1)^1.15
A= 5000 *1.075^15
A=14794.39
To find interest we use formula A=P+I'
since A= 14794.39 and P=5000
we have: A=P+I 14794.39=5000+I
I= 14794.39 -5000
I=9794.39
3 ones = 3
7 hundredths = 7/100
So equivalent fraction is 3 7/100 or 307/100.
Equivalent decimal is: 3.07
Answer:
Well, I don't have further explanation to this question but I know the answer which is: The x-axis is the only line of symmetry
Answer:
Do y²-y¹/x²-x¹. So do 18-4/3-0 in order to get 14/3 and your slope intercept form! Hope this helped
