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Mumz [18]
2 years ago
9

timmy put $200,000 in a retirement account that earns 4.1% interest each year. find the amount earned after 5 year.

Mathematics
1 answer:
Mama L [17]2 years ago
7 0

Answer:

$241000

Step-by-step explanation:

Use the formula I = Prt

I is interest (what you need to find first), P is principal (200,000), r is rate (4.1%), and t is time (5)

First convert the rate of 4.1% to a decimal by moving the decimal two places left.

4.1%  = 0.041

Next plugin the numbers into the formula and multiply to find the interest.

I = 200000(0.041)(5)

I = 41,000

Finally you need to find the balance. To find the balance, add the interest to the principal.

B = 200000 + 41000

B = 241000

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This will be so helpful right now thank
RoseWind [281]

Answer:

55 ft.

Step-by-step explanation:

First find the area of Lot X

67 • 70 = 4,690

Subtract the are of Lot X from the total area

8,375 - 4,690 = 3,685

3,685 is the area of Lot Y

Now divide 3,685 by the length of Lot Y : 67

3,685 ÷ 67 = 55

The width of Lot Y is 55 ft.

Hope this helps!

5 0
3 years ago
Rosa and Albert receive the same amount of allowance each week . The table shows what part of their allowance they each spent on
Anettt [7]
1/2 x > 0.4x

where Robert's spending is greater than Rosa's spending.

Allowance of Rosa = Allowance of Robert

let x = allowance

Rosa : video games = 0.4(x) ; pizza = 2/5 (x)
Robert : video games = 1/2 (x) ; pizza = 0.25 (x)

let us assume that their allowance is 100 each week. so, x = 100

Rosa : video games = 0.40(100) = 40
           pizza 2/5 (100) = 200/5 = 40
total spending: 40 + 40 = 80

Robert : video games = 1/2 (100) = 50
             pizza 0.25 (100) = 25
total spending: 50 + 25 = 75

Spending on video games
Rosa = 40
Robert = 50

Robert spent more of his allowance on video games than Rosa.

1/2 x > 0.4x
7 0
4 years ago
APY means ________________.​
beks73 [17]

Answer:

annual percentage yield

Step-by-step explanation:

APY means annual percentage yield

6 0
4 years ago
Read 2 more answers
Help pleaseee Im trying to get an A in class
likoan [24]

Answer:

191

Step-by-step explanation:

Sorry it's sideways. I drew a box chart for this. First, fill in what you know: the number of white and black beads Ally has. Then, calculate how many black beads Betty has (Ally's number, 59, minus 35.) 59-35 = 24.

They tell you the total number of beads is 346. Add up Ally's total to get 131, then subtract that from 346. That's Betty's total beads, 215.

Last, subtract the 24 black beads Betty has from the 215 total to get 191.

3 0
3 years ago
Solve the equation for x: 3(m+7)=6(m+2)
Morgarella [4.7K]

Answer:

3

Step-by-step explanation:

There is no x in the equation, so I will assume solving for m

Distribute:

3m + 21 = 6m + 12

Subtract 3m and 12

3m = 9

Divide by 3

m = 3

8 0
3 years ago
Read 2 more answers
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