Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually.
1 answer:
<h3>
Answer: 1034.44 dollars</h3>
=====================================
Work Shown:
A = P*(1+r/n)^(n*t)
A = 1000*(1+0.0085/1)^(1*4)
A = 1034.43596172007
A = 1034.44
---------------------
Notes:
- P = 1000 is the deposit or principal
- r = 0.0085 is the decimal form of the annual interest rate of 0.85%; we can say 0.85% = 0.85/100 = 0.0085
- n = 1 represents how many times per year we're compounding the money (ie annually)
- t = 4 = number of years
- The result of 1034.44 dollars is only possible if you do not withdraw any of the money in the four year time period.
You might be interested in
He will be able to buy lunch for 21 days because 58.19 divided by 2.74 is 21. 237226
Answer:
-7
Step-by-step explanation:
Hope it helped!
W+d=869
w=d-81
plug in
(d-81)+d=869
2d-81=869
+81 both sides
2d=950
÷2 both sides
d=475
dryer cost $475
let's check w=475-81
w=394
475+394=869
869=869
the solution is true :)
Answer:
135 is the correct answer
Step-by-step explanation:
6x^2-3x
substitution
x=5
6* (5*5) -3*5
6*25-3*5
150-15= 135
If you actually draw the coordinates, it should be a parallelogram.
