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Harman [31]
3 years ago
13

Lacy opened a savings account and deposited $100. The account earns 6% interest compounded monthly if she wants to use the money

to buy a new bicycle in two years how much will she be able to spend on the bike
Mathematics
1 answer:
Dafna11 [192]3 years ago
5 0

Answer:

Future Value= $112.72

Step-by-step explanation:

Giving the following information:

Initial deposit (PV)= $100

Number of periods (n)= 2*12= 24 months

Interest rate (i)= 0.06/12= 0.005

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 100*(1.005^24)

FV= $112.72

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iVinArrow [24]

Answer:

5

Step-by-step explanation:

When squaring the number 5 (i.e 5^2 ) the answer is 25. 5^{2} is the same thing as 5 times 5. Basically with the square root, you are going backwards, so you are therefore finding the base of it all.

7 0
3 years ago
Read 2 more answers
4(4b-8)-3/8<br> Please help i have no idea what to do
Ksivusya [100]

Answer:

4(4b - 8) -  \frac{3}{8}  \\ 16b - 32 -  \frac{3}{4}  \\ \frac{64b - 128 - 3}{8}  \\  \frac{64b - 131}{8}

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7 0
2 years ago
22.a) A fruit vendor bought 1948 oranges on a Thursday and sold 750 of them on the same day.
iVinArrow [24]

Answer: Ksh 6144

Step-by-step explanation:

On Thursday, a fruit vendor bought 1948 oranges on a Thursday and sold 750. The number of oranges left will be: = 1948 - 750 = 1198

On n Friday, he sold 240 more oranges than on Thursday. This means the number of oranges sold is: = 240 + 750 = 990.

The number for f oranges left will then be: = 1198 - 990 = 208

On Saturday, he bought 560 more

oranges, the total oranges that the vendor has now will be:

= 208 + 560 = 768

Since sold all the oranges he had at a price of Ksh. 8 each, the amount if money made will be:

= Ksh 8 × 768

= Ksh 6144

The vendor made Ksh 6144

7 0
2 years ago
You and your friend drive toward each other. The equation 50h=190−45h represents the number h of hours until you and your friend
Gala2k [10]

Answer:

The answer is 2 hours later.

Step-by-step explanation:

In order to find how many hours you and your friend meet, you have to solve the equation to find h :

50h = 190 - 45h

50h + 45h = 190

95h = 190

h = 190 \div 95

h = 2

5 0
3 years ago
Ariel joined a biking club . She paid $74.51 for a bike tune-up, 54.95 for a helmet, and 32.49 each for 3 bike tours. Write an e
jolli1 [7]
74.51+54.95+3(32.49)=?
5 0
3 years ago
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