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Sonbull [250]
3 years ago
14

If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find th

e amount he will have at the end of the 10 years.
a.
$98,272.92
c.
$94,625.32
b.
$98,828.28
d.
$95,876.82
Mathematics
2 answers:
BartSMP [9]3 years ago
5 0

Answer:

A.  $98,272.92

Step-by-step explanation:

Edge2020

Leto [7]3 years ago
3 0

Answer:

A

Step-by-step explanation:

R = $7,500, i = 12% interest compounded semiannually for 3 years ... 12) Payments of $500 made at the beginning of each year for 7 years at 12% ... 15) If Bob deposits $5,000 at the end of each year for 8 years in an account paying 10% ... annually, find the amount he will have on deposit. $ 575.25. N=8. To = 10.

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One number is 6 more than a second number, the sum of the two numbers is 330. what are the numbers?
maksim [4K]

Let's have the first number, the larger number, be <em>x</em>.  We'll have the second, smaller number be <em>y</em>.

We know that x = y + 6, since x is 6 greater than y.

We also know that 330 = x + y.

Because x = y + 6, 330 = y + 6 + y, which simplifies to 330 = 2y + 6.

Now all we need to do is simplify the equation.  First, we subtract 6 from both sides:

330 - 6 = 324

2y + 6 - 6 = 2y.

So we have 324 = 2y.  Then we divide both sides by 2 to get:

162 = y

Plug in y = 162 into the equation x = y + 6 to get:

x = 162 + 6

x = 168

Let's check to make sure our answer is right.  168 is 6 more than 162.  162 + 168 equals 330.  So our two numbers are 168 and 162.

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Step-by-step explanation:

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