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butalik [34]
2 years ago
6

Kesha deposits $1000 into a savings account earning 6% interest each year. She makes no further deposits to the account. What is

the balance after 5 years?
Mathematics
1 answer:
kodGreya [7K]2 years ago
6 0

Answer:

1000*1.06^{5}  = 1 338.2255776 $ $

~ 1 338 $

Step-by-step explanation:

The 6% interest earning: 1 + 6 / 100 => 1.06

Since she doesn't make any transactions on the account, at the end of 5 years she'll have: 1000*1.06^{5}  = 1 338.2255776 $

You might be interested in
A gardener is planting two types of trees:
lara [203]

It will take exactly 4 years for these trees to be the same height

Step-by-step explanation:

A gardener is planting two types of trees:

  • Type A is 3 feet tall and grows at a rate of 7 inches per year
  • Type B is 5 feet tall and grows at a rate of 1 inches per year

We need to find in how many years it will take for these trees to be the

same height

Assume that it will take x years for these trees to be the same height

The height of a tree = initial height + rate of grow × number of years

Type A:

∵ The initial height = 3 feet

∵ 1 foot = 12 inches

∴ The initial height = 3 × 12 = 36 inches

∵ The rate of grows = 7 inches per year

∵ The number of year = x

∴ h_{A} = 36 + (7) x

∴ h_{A} = 36 + 7 x

Type B:

∵ The initial height = 5 feet

∴ The initial height = 5 × 12 = 60 inches

∵ The rate of grows = 1 inches per year

∵ The number of year = x

∴ h_{B} = 60 + (1) x

∴ h_{B} = 60 + x

Equate h_{A} and h_{B}

∴ 36 + 7 x = 60 + x

- Subtract x from both sides

∴ 36 + 6 x = 60

- Subtract 36 from both sides

∴ 6 x = 24

- Divide both sides by 6

∴ x = 4

∴ The two trees will be in the same height in 4 years

It will take exactly 4 years for these trees to be the same height

Learn more:

You can learn more about the rate in brainly.com/question/10712420

#LearnwithBrainly

3 0
3 years ago
Charles is planning his son’s birthday party and has a budget of $100. The Go Cart Corral charges $8 per child. How many childre
Montano1993 [528]
<h3>12 children</h3>

because

12 × 8 = 96

hope that helps :)

5 0
3 years ago
Of the 28 students in class, about 65% are wearing sneakers. How many students are not wearing sneakers? Round to the nearest wh
BigorU [14]

Answer:

10

Step-by-step explanation:

Based on the given conditions, formulate: \(28 \times ( 1 - 65\% )\)

Calculate the sum or difference:\(28 \times 0.35\)

Calculate the product or quotient:\(9.8\)

Find the closest integer: 10

Answer: 10

7 0
2 years ago
The wholesale price for a chair is $124. A certain furniture store marks up the wholesale price by 16%. Find the price of the ch
vazorg [7]

Answer:$143.84Step-by-step explanation:Given the following question:Initial price of the chair was $124....Marked up 16% (which means the price has increased by 16%)Find the new price of the chair...In order to find the answer, we find 16% of a given number in till it equals 124 which was the initial price.16% of 143.84 is 124143.84 is already rounded to the nearest centWhich means the new price of the chair is "$143.84"

8 0
2 years ago
Read 2 more answers
Can someone help me?
choli [55]

Answer:

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
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