1 year ago

Find the value of a $3,000 certificate in 2 years, if the interest rate is 10% compounded annually.

Mathematics

1 answer:

ser-zykov [4K]1 year ago

5 0

Answer:

600$

Step-by-step explanation:

3000×2×.10=600

the 10 percent needs to be changed to .10

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The most recent census for a city indicated that there were 919,716 residents. The population of the city is expected to increas

OLEGan [10]

Answer:

1,474,951.

Step-by-step explanation:

Given a population that increases by a constant percentage, we can model the population's growth using the exponential model.

$P(t)=P_o(1+r)^t,$ where \left\{\begin{array}{lll}P_o=$Initial Population\\r$=Growth rate\\$t=time (in years)\end{array}\right\\P_o=919,716\\r=3.7\%=0.037\\$t=13 years$

Therefore, the population of the city in 13 years time will be:

$P(t)=919,716(1+0.037)^{13}\\\\=919,716(1.037)^{13}\\\\=1,474,950.9\\\\\approx 1,474,951$

The population be at that time will be approximately 1,474,951.

3 0

3 years ago

I'm pretty sure its D.

lidiya [134]

I hope this helps you

5=7x+0.1+10x-0.2

17x=5.1

x=5.1/17

x=3/10

x=0.3

7 0

2 years ago

Emilio by 5.65 pounds of green grapes and 3.07 pounds of red grapes. He divided the grapes equally into 14 bags, each bag of gra

Mazyrski [523]

Answer:

5.65+3.07=8.72

8.72/16=0.545

Each bag of gapes weight 0.545 pounds.

Step-by-step explanation:

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3 years ago

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Effective rate (APY) is: Never related to compound table Interest for one year divided by annual rate Interest for one year divi

ANEK [815]

APY=annual percentage yield
is the rate we get for depositing an amount for a year after taking into account compound interest.
Therefore it is the interest for one year divided b the principal.

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3 years ago

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Nady [450]

Answer: A=2 B= 1.75

Step-by-step explanation:

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2 years ago