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
Alex_Xolod [135]
3 years ago
15

Austin is going to invest in an account paying an interest rate of 2.2% compounded daily. How much would Austin need to invest,

to the nearest hundred dollars, for the value of the account to reach $27,000 in 6 years?
Mathematics
1 answer:
Korolek [52]3 years ago
5 0

Answer:

  $23,700

Step-by-step explanation:

The compound interest formula can be helpful for this. Fill in the given values and solve for the unknown.

  FV = P(1 +r/n)^(nt)

where r is the annual interest rate, n is the number of times interest is compounded in a year, t is the number of years, P is the amount invested, and  FV is the future value of that investment.

  $27,000 = P(1 +0.022/365)^(365·6) = 1.1411037P

  P ≈ $23,700

You might be interested in
Please can you answer question b
alexira [117]

   198 + (199*3) + (200*2) +(201*5) + (202*2) = 2604

frequency = 1 + 3 +2 + 5 + 2 = 13

201 = (2604 + x )/14
multiply both sides by 14
x = 201*14 = 2604 +x

x = 2814 = 2604 +x

subtract 2604 from both sides:

x = 2814 - 2604
x = 210 cm

height of new player = 210 cm
3 0
2 years ago
Choose the missing step in the given solution to the inequality −x − 10 > 14 + 2x. −x − 10 > 14 + 2x −3x − 10 > 14 ____
Svet_ta [14]

Answer: -3x> 24

Step-by-step explanation:

Given the inequality -x - 10 > 14 + 2x, we need to solve for "x".

We can subtract -2x to both sides:

-2x-x - 10 > 14 + 2x-2x

-3x- 10 > 14 (This step is shown in the exercise)

Now, we can add 10 to both sides:

-3x- 10 +10> 14+10

-3x> 24 (This step is not shown in the exercise)

And finally, divide both sides by -3:

\frac{-3x}{-3}>\frac{24}{-3}

x< -8 (This is shown in the exercise)

Therefore, the missing step is:

-3x> 24

3 0
3 years ago
Choose the unit that measures distance
Anna11 [10]

Answer:

Feet

Step-by-step explanation:

8 0
2 years ago
HELP PLEASE!! I need help​
chubhunter [2.5K]

Answer:

C=5.25+2.50x

Step-by-step explanation:

It starts with a base cost of $5.25 and increases by $2.50 for every ticket sold. Add 2.50(number of tickets) to the admission cost to get the total cost.

4 0
2 years ago
Read 2 more answers
Please help. and Reduce to simpliest form. Thx &lt;3
SCORPION-xisa [38]

Answer:

-11/8

Step-by-step explanation:

-7/8 - 1/2 = -11/8

3 0
3 years ago
Other questions:
  • Please explain (picture attached)
    12·1 answer
  • What angles are supplementary angles?
    11·1 answer
  • If you want to reduce the finance charge, should you shop for a higher or lower interest rate?
    8·1 answer
  • Can someone please help me?​
    11·1 answer
  • Find the value of x it y so that line through the points has the given slope
    5·1 answer
  • What is 5% of 15?????????? ​
    7·2 answers
  • In a game, a player earns 100 points for each question answered correctly and earns -30 points for each question answered incorr
    12·1 answer
  • Help please?? I’m being timed!!
    11·2 answers
  • 1. If one painter can paint a house in 4 days and another painter can paint a house in 7 days, how many days will it take them w
    11·1 answer
  • What are the range and interquartile range of this set of data?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!