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
Alex777 [14]
3 years ago
15

Suppose you have just inherited a sum of money. Let’s say you choose to invest the money. How much did you inherit? Choose an am

ount between $1000 and $100,000. Do not choose an increment of 1000. In other words, do not choose $1000, $2000, $5000, $14000, etc.
What is your interest rate? Choose a rate between 0.5% and 3%.
Using yearly compounding, calculate the accrued value after 5 years, 10 years, and 15 years. Show all work.
Mathematics
1 answer:
Tomtit [17]3 years ago
3 0

Answer:

Amount =$48003.20

Here apply the compound interest formula;

where;

P=Principal amount invested = $37500

r=rate of interest as a decimal, 2.5% =0.025

n=number of compounding per year=1

t=time period the amount in invested=10

In our case, the amount after investing will be;

Interest earned after the period= $48003.20-$37500 =$10503.20

You might be interested in
3. A kite is aloft at the end of a 1500 foot string. The string make an angle of 43° with the
sineoko [7]

Answer:

h= 1500\,*\,sin(43^o)

Step-by-step explanation:

Notice that there is a right angle triangle formed with sides as follows:

hypotenuse is the actual 1500 ft string. The acute angle 43 degrees is opposite to the segment that represents the height of the kite from the ground. Therefore, the trigonometric ratio that we can use to find that opposite side to the given angle, is the sine function as shown below:

sin(43^o) = \frac{opposite}{hypotenuse} \\sin(43^o) = \frac{opposite}{1500}\\opposite = 1500\,*\,sin(43^o)\\h= 1500\,*\,sin(43^o)

8 0
3 years ago
To the nearest tenth, what is the length of the hypotenuse of a right triangle if one side measures 4.5 meters and the other sid
Svetradugi [14.3K]
Simple...

work is attached. :D


3 0
3 years ago
In January 2011 the rate of VAT increased from 17.5% to 20%
Sergio [31]

Answer:

Difference between in price of a car due to increase in VAT is $375.

Step-by-step explanation:

Since e have given that

Price of car = $15000

Rate of VAT = 17.5%

So, Amount of tax becomes

So, Total Price he has to pay is given by

but According to question,

Rate of VAT = 20%

So, Amount of tax becomes

So, Total price he has to pay is given by

Difference between both the price due to increase in VAT is given by

Hence, difference between in price of a car due to increase in VAT is $375.

7 0
3 years ago
Evaluate -6-(-5) x (-9)
Rom4ik [11]
9.
That’s the answer
3 0
2 years ago
Read 2 more answers
Four girls and six boys are in a Spanish club. Three of the people will be chosen at random to represent the group in a photogra
snow_tiger [21]

Answer:50 %

Step-by-step explanation:

Given

There are 4 girls and 6 boys in a club

Probability of choosing 1 girl and 2 boys is

=\dfrac{\text{No of ways of choosing 1 girl and 2 boys }}{\text{No of ways of choosing 3 member out of 10 member}}

No of ways of choosing 1 girl and 2 boys=^4C_1\times ^6C_2

P=\dfrac{^4C_1\times ^6C_2}{^{10}C_3}

P=\dfrac{4\times 15}{10\times 3\times 4}

P=\dfrac{15}{30}=\frac{1}{2}

i.e. 50\%

3 0
3 years ago
Read 2 more answers
Other questions:
  • Help with question 17!
    7·1 answer
  • A data set consists of the following data points:
    10·1 answer
  • Determine the vertex of the function f(x) = 3x2 – 6x + 13.
    13·1 answer
  • the pillars of a temple are cylindrically shaped.of each pillar has a circular base of radius 280 cm and height of 10 m how much
    9·1 answer
  • Please help!! What is the solution to the quadratic inequality? 6x2≥10+11x
    15·1 answer
  • the sum of two numbers,x and y is 12. the difference of x and two times y is 6. what are the values of x and y?
    5·1 answer
  • Classify the angles, then find the value of x
    8·1 answer
  • Drag the values to order them from least to greatest, with the least at the top.
    7·1 answer
  • 7th grade help me please :))
    14·1 answer
  • Plz help me :^(( tyy​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!