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3 years ago

Find the balance in the account with a principal of $4,100 earning 5% compounded monthly after 24 years.

Mathematics

1 answer:

borishaifa [10]3 years ago

5 0

Answer:

The formula is

A=p (1+r/k)^kt

A future value?

P present value 4100

R interest rate 0.04

K compounded monthly 12

T time 10 years

A=4,100×(1+0.04÷12)^(12×10)

A=6,112.41. ..answer

Step-by-step explanation:

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An apartment lease states that the rent will go up $60 each year. The rent in the 6th year is $1250. Identify the slope and poin

oksano4ka [1.4K]

Answer:

The slope of the linear equation will be 60 and the point on the line will be (6,1250).

R - 1250 = 60(y - 6)

Step-by-step explanation:

An apartment lease states that the rent will go up by $60 each year. The rent in the 6th year is $1250.

Therefore, the slope of the linear equation will be 60 and the point on the line will be (6,1250).

Now, the point-slope form of the linear equation which models the rent (R(y)) in terms of how many years (y) the tenants have lived there will be

R - 1250 = 60(y - 6) (Answer)

7 0

3 years ago

Question 10 (3 points)

Zinaida [17]

Answer:

$3,090.64

Step-by-step explanation:

We shall allocate a random letter to each value, with that I explain the formula.

Initial value of investment = $5,003.86 = P

Rate of interest = 3.7% = R

Compounding interval in a year = 365 = I

Total period = 13 years = T

Value of investment in compound interest formula shall be:

$= P \times (1 + \frac{R}{(I})^{(I \times T)}$

Now, putting values in the above equation:

$= 5,003.86 \times (1 + \frac{0.037}{365}) ^{(365\times13)}$

= $8,094.50

Thus, interest earned = Total value of investment on maturity - Initially invested amount

= $8,094.50 - $5,003.86 = $3,090.64

4 0

3 years ago

Find the missing side lengths

Alik [6]

For this triangle in particular, we can use the special rules of a 30-60-90 triangle

This says:
The opposite side of 30° is: x
The opposite side of 60° is: x * sqrt(3)
The opposite side of the 90° is: 2x

We have our side length for 90° so we just have to work backwards
To find our 30° side length we must divide by 2
8/2 = 4
Which means your y = 4

Now that we have our 30° side length we can just multiple it by sqrt(3)

That means your x = 4 sqrt(3)

6 0

3 years ago

Read 2 more answers

The input value 2.

Irina18 [472]

Your answer is 9.

Since you have

2(2)^2 you get 2(4) which is 8.

Then you have -3(2) which is -6.

Lastly you have the 7.

When you add it up you get.

9

5 0

3 years ago

Write an equation in slope intercept form for the line that passes through (-1, -2) and (3, 4)

LenaWriter [7]

Answer:

The slope-intercept form of the line equation is: