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Marrrta [24]
3 years ago
5

You deposit $8500 in an account that pays 1.78% annual interest. Find the balance after 10 years when the interest is compounded

Mathematics
2 answers:
Feliz [49]3 years ago
8 0

Step-by-step explanation:

step 1. let's call the balance A, the initial amount P, the yearly rate r, the number of compounds yearly n, and the time t.

step 2. A = P(1 + r/n)^(nt) (compounding equation)

step 3. A = 8500(1 + .0178/12)^((12)(10))

step 4. A = 8500(1.00148334)^120

step 5. A = $10,154.68.

KiRa [710]3 years ago
6 0

Answer:  The  answer is $10,154.68.

Step-by-step explanation:

Just took the exam for English eleven

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RS=4y+4, ST=3y+4, and RT=43 <br> What is the value of y?
Shkiper50 [21]

The value of y is 5

<h3>How to determine the value </h3>

From the given line, it can be concluded that:

The segment RT is divided into RS and ST

But we have the following parameters

The length of the sides are:

  • RS=4y+4
  • ST=3y+4
  • RT=43

Since RT is RS added to ST:

We have;

RT = RS + ST

substitute the values

43 = 4y + 4 + 3y + 4

collect like terms

43 = 4y + 3y + 4 + 4

Add like terms

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43 = 7y + 8

Make '7y' subject of formula

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Make 'y' the subject of formula

y = 35/ 7

y = 5

Thus, the value of y is 5

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brainly.com/question/2437195

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