All categories

3 years ago

You invest $4000 at 7% compounded weekly for 4 years. How much is the investment worth at the end of the 4 years?

Mathematics

1 answer:

Licemer1 [7]3 years ago

6 0

Answer:

$5291.52

Step-by-step explanation:

So... the equation is f(x) = P(1+r/n)ⁿᵗ where r is the rate, n is the number of times compounded in a year, and t is time in years

if you plug the numbers in, you get (4000)(1+.07/52)^(4×52), which gives you $5291.52

You might be interested in

Mr. Walker, a runner, asked students to find the unit rate of the winner of the first Boston Marathon in 1897. John J. McDermott

EleoNora [17]

Answer: 8.4 miles per hour

Step-by-step explanation:

Since, total distance = 24.5 miles,

Time taken = $175 \text{ minutes} = \frac{175}{60} \text{ hours} =\frac{35}{12} \text{ hours}$

Thus,

$\text{ The unit rate} = \frac{\text{ Total distance}}{\text{ Time taken}}$

$=\frac{24.5}{35/12}$

$=\frac{294}{35}$

$=8.4\text{ miles per hour}$

6 0

3 years ago

Subtract 0000 1000 whats the answer

Finger [1]

If u subtract 1,000 - 0000 it will equal 1,000

8 0

3 years ago

A polyhedron has two parallel hexagon bases, each with an area of 18 square meters. Find the volume of the polyhedron if its hei

MaRussiya [10]

14.72 is the answer i got

5 0

3 years ago

Jack is walking on a trail and comes to mile mark 5. If he continues walking for another mile, what is the next mile marker he w

Ad libitum [116K]

Answer:

I would say 6 or 4, if we don't know which direction he is walking

7 0

3 years ago

Which polynomial is in standard form?

RoseWind [281]

Answer: 11x^3-6x^2+5x

to put the polynomial in standard form,we have to arrange it from highest power to lowest power.

Well,I am not good at giving explanations...

Anyways,hope it will help you and make u feel understand.

<h3>Good luck on your assignment</h3>

~Pragya

6 0

3 years ago