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rodikova [14]
2 years ago
14

5000 principal earning 4% compounded annually, 7 years

Mathematics
1 answer:
almond37 [142]2 years ago
4 0

Answer:

Step-by-step explanation:

Basically, you want to know interest. I = prt is the formula. 'I' will be left blank b/c that's unknown. P is principal, 5000. R is rate, 4%, or 0.04 when turned into a decimal. T is time, 7 years. So now when using the formula, it will all become I = 5000(0.04)(7). What that means is you first multiply 5,000 by 0.04, getting 200. Then when you multiply 200 by 7, it's 1,400, which will leave you with I = 1,400. Interest is 1,400.

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Step-by-step explanation:

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8 0
2 years ago
The sum of the ages of two siblings is 29. The brother is eleven more than half the age of his sister. How old is each sibling
mina [271]

Answer: the brother is 20 and the sister is 9

Step-by-step explanation:

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3 0
3 years ago
Read 2 more answers
Penny makes deposits into two separate accounts for 5 years: option A: $800; 6% annual simple interest option B: $800; 6% annual
gtnhenbr [62]

Answer:

A) P = 240

B) P + Po = 1040

C) P = 270.58

D) P+Po = 1070.58

E) Option B (compound interest) is better, as it generates more interest for the same inicial value, rate of interest and time

Step-by-step explanation:

The formula for simple interest is:

P = Po*r*t

Where P is the interest earned, Po is the inicial value, r is the rate of interest and t is the time.

The formula for compound interest is:

P+Po = Po*(1+r)^t

So we have that:

A) P = 800*0.06*5 = 240

B) P + Po = 800 + 240 = 1040

C) P+Po = 800*(1+0.06)^5 = 1070.58 -> P = 1070.58 - 800 = 270.58

D) P+Po = 1070.58

E) Option B (compound interest) is better, as it generates more interest for the same inicial value, rate of interest and time

5 0
3 years ago
Question 5 (10 points)
Kamila [148]
You have to subtract 4.35 from 15.60 to see for all the children
3x+4.35 = 15.60
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2 years ago
Card 3 of 7
IrinaVladis [17]

Answer:

Step-by-step explanation7:

7 0
3 years ago
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