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
Law Incorporation [45]
3 years ago
15

You wish to have $2000 in 3 years to buy a fancy new stereo system. How much

Mathematics
1 answer:
Nitella [24]3 years ago
7 0

Answer:

The correct answer is - $1977.7913.

Step-by-step explanation:

Given:

Maturity value = 2000

time = 3 years

rate = 6% compounded quarterly

Solution:

If  A is the Maturity Value, P is the Principal Amount, r is the Rate of Return, n is the Frequency And t is the Time in Year then the Formula for Compound Interest would be -

A = P(1+r/n)^nt

Putting the given values in formula,

2000 = P*(1 + (0.06/4))^(3*4)

P = 2000/(1 + (0.06/4))^(3*4)

Thus,

P = $1977.7913

You might be interested in
Which number line represents the solution set for the inequality 3(8-4x)<6(x-5)?
djverab [1.8K]

we have

3(8-4x) 54\\ x > (54/18)\\x > 3

the solution is the interval -------> (3,∞)

therefore

the answer in the attached figure

3 0
4 years ago
Read 2 more answers
Which strategy best explains how to solve this problem?
Rufina [12.5K]
This is a geometric sequence because each term is twice the value of the previous term.  So this is what would be called the common ratio, which in this case is 2.  Any geometric sequence can be expressed as:

a(n)=ar^(n-1), a(n)=nth value, a=initial value, r=common ratio, n=term number

In this case we have r=2 and a=1 so

a(n)=2^(n-1)  so on the sixth week he will run:

a(6)=2^5=32

He will run 32 blocks by the end of the sixth week.

Now if you wanted to know the total amount he runs in the six weeks, you need the sum of the terms and the sum of a geometric sequence is:

s(n)=a(1-r^n)/(1-r)  where the variables have the same values so

s(n)=(1-2^n)/(1-2)

s(n)=2^n-1 so 

s(6)=2^6-1

s(6)=64-1

s(6)=63 blocks

So he would run a total of 63 blocks in the six weeks.
4 0
3 years ago
Read 2 more answers
.................................................
Andrej [43]

Answer: …………..

Step-by-step explanation:

……………..

4 0
3 years ago
The standard form of the equation through the points (0,5) and (-2, -1) is?
In-s [12.5K]
Answer: y = 3x + 5

Look at graph:

4 0
3 years ago
Mr. Clark traveled 456.4 km in 14 days.
xeze [42]

\qquad \qquad\huge \underline{\boxed{\sf Answer}}

<h3><u>Distance travelled each day is</u> : </h3>

  • 32.6 km

<h3><u>Explanation</u> : </h3>

Distance travelled in 14 days is : 456.4 km

And if he travels same Distance each day, so let the Distance travelled on each day be x

According to question ~

\qquad \sf  \dashrightarrow \: 14 \times x = 456.4

\qquad \sf  \dashrightarrow \: x = 456.4 \div 14

\qquad \sf  \dashrightarrow x = \: 32.6  \: \: km

So, he travels 32.6 km per day

5 0
2 years ago
Other questions:
  • -1 3/7 x (-3 2/3)=?
    15·1 answer
  • Which sets of values can be the measures of the exterior angles of a triangle? 120°, 110°, 130° 35°, 103°, 122° 123°, 87°, 220°
    7·1 answer
  • R-1/5=r+6/10=??????????????????????
    5·1 answer
  • A kid's pool is cylindrical and has a radius of 5 feet and a height of 2 feet. If a cubic foot holds about 7.48 gallons of water
    9·1 answer
  • Please help! This is a similar shape question
    6·2 answers
  • An lpn earned a gross pay of 650.04 last week. if 21 1/2% of her gross paycheck is taken out in taxes, what is her bring home pa
    9·2 answers
  • Please need help asap! could you give me the equation to fill in the blanks and not the total
    13·1 answer
  • 1 In a test, a hybrid car drove 619 yards on 1 fluid
    8·1 answer
  • Marlon earned $8.50 per hour plus an additional $80 in tips waiting tables on Saturday. He earned at least $131 in all. If h rep
    15·1 answer
  • Describe the slope of the line<br> Find the slope.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!