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Semenov [28]
3 years ago
12

MATH HELP ASAP TYSM IF YOU PUT A RANDOM ANSWER YOU WILL BE REPORTED JUST GIVE ME THE ASNWER DON"T SHOW YOUR WORK TYSM

Mathematics
1 answer:
avanturin [10]3 years ago
3 0

Answer:

1,080

Step-by-step explanation:

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3 years ago
Brian invests $10,000 in an account earning 4% interest, compounded annually for 10 years. Five years after Brian's initial inve
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Answer:

Brian has $776 more account in his account than Chris.

Step-by-step explanation:

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A=P(1+r)^t

I= A-P

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r= Rate of interest

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Brian invests $10,000 in an account earning 4% interest, compounded annually for 10 years.

Here P = $10,000 , r= 4%=0.04, t=10 years

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A=10000(1+0.04)^{10}

   =$14802.44

  ≈$14802

Five years after Brian's investment,Chris invests $10,000 in an account earning 7% interest, compounded annually for 5 years.

Here P = $10,000 , r= 7%=0.07, t=5 years

The amount in his account after 5 years is

A=10000(1+0.07)^{5}

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  ≈$14026

From the it is cleared that Brian has $(14802-14026)=$776 more account in his account than Chris.

6 0
3 years ago
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