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
schepotkina [342]
3 years ago
10

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!! I'm confused
seraphim [82]
It’s like 40 I do believe but ion rlly no like that fr
7 0
3 years ago
How many times could 6 go into 6
saveliy_v [14]
6 can only go into 6 once
7 0
4 years ago
Carl sells $450 worth of merchandise. How much money will Carl get to keep if he receives 30% commission?
ollegr [7]

Answer:

B

Step-by-step explanation:

can I get brainliest :)

6 0
3 years ago
Read 2 more answers
The size your dog and the number of times you take it to the vet, The amount your drive to school and the amount you have to pay
Naddik [55]

Answer:

Negative, i think

5 0
3 years ago
Read 2 more answers
Joyce is trying to solve the equation y = x2 − 8x + 7 using the quadratic formula. She has made an error in one of the steps bel
kobusy [5.1K]

Answer:

x = 1 , 7

Step-by-step explanation:

Solution:-

- The given equation is as follows:

                          y = x^2 - 8x + 7

- We can solve the above equation by either making factors or by using Quadratic formula.

Factor Approach:

- Using the constant "7" at the end of the quadratic equation we will determine two integer multiples such that their additions/subtraction results in "-8".

- So the only factor of "7" are:

                        7 x 1 = 7

                       -7 x -1 = 7

- We see that addition/subtraction of first (7 , 1 ) does not results in "-8", However, the sum of ( -1 , -7 ) = -1 - 7 = -8. So the correct factors are ( -1 , -7 ). So we replace "-8x" with our factors "-1x" and "-7x":

                       x^2 -x -7x + 7 = 0

- Take common multiples out of pair of two terms:

                        x*(x-1) -7*(x-1) = 0

                        (x-7)*(x-1) = 0

- So we equate each term in bracket with "0" and evaluate the values of x:

                        (x-7) = 0  , x = 7

                        (x-1) = 0   , x = 1

- So the solution to the quadratic equation is:

                        x = 1 , 7

               

4 0
3 years ago
Other questions:
  • The daily recommended allowance of vitamin C for six graders is 45 MG 1 orange has an about 75% of the recommended daily allowan
    14·1 answer
  • What is the name of the shape of the graph of a quadratic function?
    5·1 answer
  • How much horsepower would the Challenger Hellcat Redeye Widebody need to run the speed of sound arrive before the sound of its l
    9·2 answers
  • Need the Aswer for 622g+8kg im in 3rd grade
    13·2 answers
  • If there are 12 poles per 8 fishermen, then how many poles would be available for 34 fishermen?
    7·1 answer
  • A mirror frame in the shape of an oval is shown below. The ends of the frame form semicircles: (5 points)
    14·1 answer
  • 1. If a (x) = 3x + 1 and b (x)=√x-4, what is the domain of (b*a) (x)?
    5·1 answer
  • Minh made a histogram showing the number of pets for each of his friends.
    10·1 answer
  • Is this correct? the question is asking if the triangle would have a right, acute, or obtuse angle.
    7·1 answer
  • If using the method of completing the square to solve the quadratic equation
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!