After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
question 1 and 3
Step-by-step explanation:
Answer: yes you are correct 2 /1/2 is greater
Step-by-step explanation:
Answer:
t = sqrt(500/4.9) =~ 10.1 seconds/
Answer: 10.1015 seconds (this is approximate)
Step-by-step explanation:
Use 4.9t^2 + v0t = s
a) A bolt falls off an airplane at an altitude of 500 m. Approximately how long does it take the bolt to reach the ground?
s = 4.9t^2 + v0t = 500
4.9t^2 = 500
t = sqrt(500/4.9) =~ 10.1 seconds
Part A)
v = initial velocity = 0
s = 500 = vertical distance the object travels (from plane to ground)
Plug in the given values and solve for t
4.9t^2 + v*t = s
4.9t^2 + 0*t = 500
4.9t^2 + 0 = 500
4.9t^2 = 500
t^2 = 500/4.9
t^2 = 102.04081632653
t = sqrt(102.04081632653)
t = 10.101525445522
t = 10.1015
Answer: 10.1015 seconds (this is approximate)
