All categories

3 years ago

Find the value of $1000 deposited for 10 years in an account paying 6% annual interest compound

Mathematics

1 answer:

Romashka [77]3 years ago

8 0

Answer:

You have to use the formula for compound interest which is: A=P(1+r/n)^nt

The Givens info is:

A=?

P=1000

r= 6% = 0.06 (convert into decimal)

n=12(# of interest periods: since it is monthly n=12)

t=10

Now your formula should look like this:

A= 1000*(1+(0.06/12))^12*10

A=1000*(1.005)^120

A=1000*(1.819396734)

A=$1819.40

Step-by-step explanation:

You might be interested in

PLEASE HELP QUICK!<br> √9=?

Vlad [161]

Answer:

the answer is three(3)..use calculator

6 0

3 years ago

Read 2 more answers

Help me find the answer !!

marusya05 [52]

Add the angles together

6 0

3 years ago

Read 2 more answers

In the coordinate plane, the point A, 4− 2 is translated to the point A′, 1− 5. Under the same translation, the points B, 7− 4 a

Inga [223]

Answer:

The coordinates of B' and C' are $B'(x,y) = (4, -7)$ and $C'(x,y) = (-1, -8)$ , respectively.

Step-by-step explanation:

From the Linear Algebra, we define the translation of a given point as:

$O'(x,y) = O(x,y) + T(x,y)$ (1)

Where:

$O(x,y)$ - Original point, dimensionless.

$T(x,y)$ - Translation vector, dimensionless.

$O'(x,y)$ - Translated point, dimensionless.

If we know that $A'(x,y) = (1, -5)$ and $A(x,y) = (4,-2)$ , then the translation vector is:

$T(x,y) = A'(x,y)-A(x,y)$ (2)

$T(x,y) = (1,-5)-(4,-2)$

$T(x,y) = (-3,-3)$

If we know that $B(x,y) = (7,-4)$ , $C(x,y) = (2,-5)$ and $T(x,y) = (-3,-3)$ , then the translated points are, respectively:

$B'(x,y) = B(x,y)+T(x,y)$ (3)

$B'(x,y) = (7,-4) +(-3,-3)$

$B'(x,y) = (4, -7)$

$C'(x,y) = C(x,y) +T(x,y)$

$C'(x,y) = (2,-5) + (-3,-3)$

$C'(x,y) = (-1, -8)$

The coordinates of B' and C' are $B'(x,y) = (4, -7)$ and $C'(x,y) = (-1, -8)$ , respectively.

5 0

3 years ago

Create a scatter plot using the data<br> in the table above.

GalinKa [24]

Answer:

Step-by-step explanation:

A scatter plot is a chart type that is normally used to observe and visually display the relationship between variables. It is also known as a scattergram, scatter graph, or scatter chart

7 0

3 years ago

WILL GIVE BRAINLIEST<br>What is the value of x in the figure? 1042 (3x – 19)

Anna11 [10]

Answer:

x = 41

Step-by-step explanation:

We know these angles will be equal to each other (they are across from each other, I honestly forget the term ) so we can set up an equation

Our equation from given: 104 = 3x - 19

Adding 19 to both sides 123 = 3x

Dividing both sides by 3: 41 = x

Answer: x = 41

5 0

3 years ago