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3 years ago

What is the resulting balance of $3,500 at 4% compounded annually for 8 years?

Mathematics

1 answer:

Brrunno [24]3 years ago

7 0

Answer:

Step-by-step explanation:

Using the formula for calculating the compound interest

A = P(1+r)^t

P is the principal = $3500

r is the rate = 4% = 0.04

T is the time = 8 years

Substitute

A = 3500(1+0.04)^8

A = 3500(1.04)^8

A = 3500(1.3686)

A = 4,789.99

Hence the resulting balance is $4,789.99

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A group of students held a fundraiser last year and raised $950 for charity. this year, they raised $1,045. what is the percent

podryga [215]

% change = (new value - old value)/old valu x 100 = (1,045 - 950)/950 x 100 = 95/950 x 100 = 0.1 x 100 = 10%

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3 years ago

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Please help me please

gizmo_the_mogwai [7]

Answer:

SA=390

Step-by-step explanation:

9*14=126

126+126=252

14*3=42

42+42=84

9*3=27

27+27=54

252+84+54=390

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2 years ago

Two cyclists leave towns 253 kilometers apart at the same time and travel towards each other. One cyclist travels 5km/h faster t

Sladkaya [172]

Answer:

The rate of the slower cyclist is

$22\frac{4}{5}km/h$

and that of the faster cyclist is

$27 \frac{4}{5}km/h$

Step-by-step explanation:

We let x be the rate of the slower cyclist

$rate \times time = distance$

From the question, the distance between the two towns is 253 and the time taken for the two cyclist to meet is 5 hours

so we can write the equation

$5x + 5(x + 5) = 253$

We simplify to get the value for x

$\implies5x + 5x + 25 = 253$

$\implies10x = 253 - 25$

$\implies10x = 228$

$\implies x =22 \frac{4}{5}$

Hence the rate of the slower cyclist is

$22 \frac{4}{5} km/h$

and that of the rate faster cyclist is

$27 \frac{4}{5}km/h$

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3 years ago

The stem-and-leaf plots compare the ages of 30 actors and actresses at the time they won an award.

mr Goodwill [35]

Answer:bfhhfggnnghjgnnhhghjhjmjhkm

Step-by-step explanation:

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2 years ago

Question 2 Find the slope between the two points: (3, 20) and (5.8)

GuDViN [60]

Answer:

The slope between the two points: (3, 20) and (5, 8) is -6.

Step-by-step explanation:

Put the points in the slope formula:

m = (y₂ - y₁)/(x₂ - x₁)

Substitute the values.

m = (8 - 20)/(5 - 3)

Subtract.

m = (-12)/2

Divide.

m = -6

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2 years ago

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