Answer:
Step-by-step explanation:
If you deposit $7300 into an account paying 100% annual interest compounded yearly , how much money will be in the account after 15 years?
Result:
The amount is $239206400.
Explanation:
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
Answer:
3x10^4
Step-by-step explanation:
9x10^7 = 3^2 x 10^7
3^2 : 3 = 3
10^7 : 10^3 = 10^4
The answer is :
3x10^4
The conclusion is is misleading because the extraneous variable, cost of tuition was not accounted for in the experiment.
<h3>What are the variables in this experiment?</h3>
The independent variable is the variable that the person carrying out an experiment changes or manipulates. This variable is income. The dependent variable is the variable that is being measured in an experiment. This variable is college enrolment.
The extraneous variable is the variable that is not been researched in the experiment but it has the potential to influence the results of the experiment. This variable is the cost of tuition.
To learn more about independent variables, please check: brainly.com/question/26287880
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Answer:
b
Step-by-step explanation:
4x-5y=15
-5y=-4x+15
y=4/5x+15
Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
