1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ale4655 [162]
2 years ago
6

A principal of $2900 is invested at 4.25% interest, compounded annually. How much will the investment be worth after 7 years?

Mathematics
1 answer:
olga2289 [7]2 years ago
4 0

Let S = Sum after 13 years

     So = amount invested

     t = time in years

     i = annual interest rate = .0325

The S = So(1+i)t = $2,200(1.0325)13 = $3,334.21

You might be interested in
List the first 9 terms of the sequence defined recursively by Sn = Sn-2. (Sn-1 - 1), with S1 = 2 and
STALIN [3.7K]

Explanation

Given that Sn = Sn-2 . (Sn-1 - 1)

Tn = Sn - Sn-1

Tn = Sn-2 . (Sn-1 - 1) - (Sn-3 . (Sn-2 - 1))

T3 = S1.(S2-1) - (S0.(S1-1)

T3 = 2.(3-1) - 1.(2-1)

T3 = 2(2) - 1(1)

T3 = 4-2

T3 = 3

T4 = S2.(S3-1) - (S1.(S2-1)

T4 =3.(-1) - 1.(2-1)

T4 = 2(2) - 1(1)

T4 = 4-2

T4 = 3

5 0
3 years ago
Last year, 20% of all claims were for weather related damage
Sever21 [200]
The answer is True !!!!
5 0
3 years ago
Read 2 more answers
Is 400000 the 4 does it have the hundredth value
asambeis [7]

<u>It </u><u>doesn't</u><u> have the hundredth value</u> because 400000 would be required to be in a decimal form not a whole number.

8 0
4 years ago
identify the range of the function shown in the graph A. {-2,2} B. y is all real numbers C. -20
Mekhanik [1.2K]

Answer:

all real numbers

Step-by-step explanation:

range is the possible y values, the graph stretches from negative infinity to positive infinity.

8 0
3 years ago
Find the length of the arc intercepted by a central angle calculator in pi
kotegsom [21]
Give me a screenshot
6 0
4 years ago
Other questions:
  • [98 points to anyone who answers all] Use the diagram below to answer the following questions.
    9·1 answer
  • Using the pi key on your calculator, find the circumference of the earth in meters. Round your answer to a reasonable degree of
    6·1 answer
  • Please help, On a map 1 inch equals 14.4 miles. If two cities are 1.5 inches on the map, how far are they actually apart ?
    9·2 answers
  • Lines p and q are crossed by transversal s. Classify angle 1 and angle 5​
    11·2 answers
  • Kevin is baking bread for a family function. The initial temperature of the oven is twice the room temperature. He knows that ye
    8·2 answers
  • Is 45/60 equal to 75/100?
    13·2 answers
  • write an expression that shows how to multiply 7 times 256 using expanded form and the distributive form?
    10·1 answer
  • How does writing a function rule as an equation help you solve problems with more than one situation or parameter?
    13·1 answer
  • Write the equation.Please help
    12·1 answer
  • What is the rule for this table?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!