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
astraxan [27]
3 years ago
6

Gabriella invested $73,000 in an account paying an interest rate of 3%

Mathematics
1 answer:
Ivanshal [37]3 years ago
4 0

Answer:

Gabriella will make $61 more than Mila after 5 years

Step-by-step explanation:

Gabriella Data

Principal Amount P= $73,000

Rate r = 3% or 0.03

Compounded continuously

Time t = 5 years

The formula used is: A=Pe^{rt}

Putting values and finding A

A=Pe^{rt}\\A=73000e^{0.03*5}\\A=73000e^{015}\\A=84813.899\\A\approx84814

So, After 5 years Gabriella will have $84814

Mila Data:

Principal Amount P= $73,000

Rate r = 3% or 0.03

Compounded quarterly n = 4

Time t = 5 years

The formula used is:A=P(1+\frac{r}{n})^{nt}

Putting values and finding A

A=P(1+\frac{r}{n})^{nt}\\A=73000(1+\frac{0.03}{4})^{4*5}\\A= 73000(1+0.0075)^{20}\\A= 73000(1.0075)^{20}\\A=73000(1.161)\\A=84753

So, After 5 years Mila will have $84753

Now subtracting to find the difference 84814-84753 = 61

So, Gabriella will make $61 more than Mila after 5 years

You might be interested in
Help! I’ll give Brainly! It’s not 2,875 , thank you !!
olchik [2.2K]

9514 1404 393

Answer:

  $2,617.50

Step-by-step explanation:

Using this table, the tax is ...

  tax = 2% × $3000 + 3% × (5000 -3000) + 5% × (17000 -5000) + ...

     5.75% × (50,000 -17,000)

  = $60 + 60 + 600 + 1897.50

  tax = $2,617.50

__

<em>Additional comment</em>

Above $17,000, the tax is more easily computed as ...

  tax = (5.75% × income) - 257.50

Each tax bracket can have a simplified formula like this.

8 0
3 years ago
If 45 cookies will serve 15 students, how many cookies are needed for 90 students?
horsena [70]
You need 270 cookies for 90 students.
3 0
3 years ago
Read 2 more answers
A density curve for all the possible ages between 0 years and 100 years is in the shape of a triangle. What is the height of the
yawa3891 [41]
Hello there.

<span>A density curve for all the possible ages between 0 years and 100 years is in the shape of a triangle. What is the height of the triangle?

Answer: D</span>
8 0
3 years ago
Read 2 more answers
Solve #2 with an explanation please
KatRina [158]
The fence is 210 ft long.
There is a post every 3.5 ft.
If you divide 210 ft by 3.5 ft, you get the number of spaces between posts.
(210 ft)/(3.5 ft) = 60
The fence starts with a post. Then there is 3.5 ft of fencing. Then there is another post. Then there is another 3.5 ft of fencing followed by a post. In total there are 61 posts.

Here's another way of thinking of why you end up with 60 posts.
For each 3.5 ft of fencing, you place a post at the end of the fencing.
Since there are 60 3.5-ft-long pieces of fencing, there will be 60 posts, one at the end of each piece of fencing. The first thing that is done is to put the initial post before any fencing is put up. The first post plus 60 more posts add up to 61 posts.

Now that you see why there are 61 posts, we can calculate their cost.
61 * $8.50 = $518.50
5 0
3 years ago
For all values of x and y, which expression is equivalent to 8x + 6y?
elixir [45]

Answer:

12

Step-by-step explanation:

5 0
3 years ago
Other questions:
  • If you could answer this
    15·1 answer
  • HELP I'VE ASKED THIS QUESTION 4 TIMES NOW PLEASE HELP
    7·2 answers
  • the Jelly Junior High School color is made by mixing red paint with yellow paint . the ratio of red to yellow is 3 to 5 . how mu
    5·1 answer
  • The first floor of the house consists of a kitchen,playroom,and dinning room. The areas of the kitchen,playroom,and dinning room
    10·2 answers
  • PLEASE HELP 10 BRAINLY POINTS<br> Find SA for this triangular prism: DON'T FORGET TO SHOW ALL WORK
    14·1 answer
  • Prove algebraically that the recurring decimal 0.472 can be written as<br> 17<br> 36
    11·1 answer
  • Use the triangle formed by the vertices L(—3, 4), A(O, 5) and D(2, l). AL' A'D' is a triangle formed by using the transformation
    10·1 answer
  • Pam borrowed $0.45 from her friend Tina for five days to buy candy bars. Represent the amount that pam borrowed as the product o
    5·1 answer
  • 50 POINTS CORRECT ANSWER ONLY!!
    8·1 answer
  • Solve using substitution <br> y= 7x + 6 <br> 4x - 3y =16
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!