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
ella [17]
3 years ago
13

Your friend deposits $1000 in an investment account that earns 8.5% annual interest. Find the balance after 13 years when the in

terest is compounded daily. Round your answer to the nearest cent.
Mathematics
1 answer:
Julli [10]3 years ago
5 0

Answer:

The balance after 13 years will be $ 3,018.84.

Step-by-step explanation:

Given that my friend deposits $ 1000 in an investment account that earns 8.5% annual interest, to find the balance after 13 years when the interest is compounded daily, the following calculation must be performed:

1,000 x (1 + 0.085 / 365) ^ 13x365 = X

1,000 x (1 + 0.0002328) ^ 4,745 = X

1,000 x 3.01884 = X

3,018.84 = X

Therefore, the balance after 13 years will be $ 3,018.84.

You might be interested in
Please answer the question in the picture!
Juli2301 [7.4K]
Eight units I'm pretty sure
3 0
3 years ago
Read 2 more answers
Tim bought nine new baseball trading cards to add to his collection. The next day his dog ate half of his collection. there are
Dmitrij [34]

Answer:

77

Step-by-step explanation:

the dog ate half so there is only the other half left and there is 43 cards left

1 half + 1 half = 1 whole so 43 + 43 = 86
86 is the total after he bought 9 new cards

86 - 9 = 77

7 0
2 years ago
Find two positive integers such that the sum of the first number and four times the second number is 1000, and the product of th
vladimir2022 [97]

Answer:

The two numbers are:

x = 500

y = 125

Step-by-step explanation:

We want to find two numbers x and y, such that:

x + 4*y = 1000

f(x, y) = x*y is maximum.

From the first equation, we can isolate one of the variables to get

x = 1000 - 4y

now we can replace it in f(x, y):

x*y = (1000 - 4*y)*y  = 1000*y - 4*y^2

So now we want to maximize the function:

f(y) =- 4*y^2 + 1000*y

where y must be an integer.

Notice that this is a quadratic equation with a negative leading coefficient (so the arms of the graph will open downwards), thus, the maximum will be at the vertex.

Remember that for a general quadratic equation:

y = a*x^2 + bx + c

the x-value of the vertex is:

x = -b/(2*a)

so, in the case of:

f(y) =- 4*y^2 + 1000*y

the y-value of the vertex will be:

y = -1000/(2*-4) = 1000/8 = 125

So we found the value of y.

now we can use the equation:

x = 1000 - 4*y

x = 1000 - 4*125 = 1000 - 500 = 500

x = 500

Then the two numbers are:

x =500

y = 125

6 0
2 years ago
One person can do a certain job in fifteen minutes, and another person can do the same job in ten minutes. How many minutes will
8_murik_8 [283]
It would take 5 because they could do it twice as fast
8 0
3 years ago
Read 2 more answers
Factor out the combine term 21x+49y​
Cloud [144]
(not sure if this is right just trying to help) 7(3x+7y)
7 0
3 years ago
Other questions:
  • Convert 24/3 to a decimal
    9·1 answer
  • Please help with this q
    15·1 answer
  • Point G is the center of the small circle. Point X is the
    9·1 answer
  • 26-(6y-10)=27y-18-37 First will get brainliest!
    15·1 answer
  • A man whose height is 2.1 m casts a shadow that is 3.2 m in length. What is the approximate height of a building that casts a sh
    9·1 answer
  • Find the solution of the system of equations.
    5·2 answers
  • 3(2a+6)= distributive property
    8·2 answers
  • Simplify: 12(3y + x)
    14·2 answers
  • There are 10 history books in a bookcase. When
    14·1 answer
  • ABCD is a rhombus with diagonals intersecting at E. If mABC is three times mBAD, find mABC.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!