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mezya [45]
2 years ago
8

Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 12 year, she had earned $5.00 in

interest on the account. No other money was deposited into or withdrawn from the account.
How much was her initial deposit?
Mathematics
1 answer:
svetlana [45]2 years ago
6 0

Answer: 800$ is the answer.

multiply to by both sides, remove 1/2.

Have a blessed day.

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70-30=40

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1 year ago
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6 0
3 years ago
In 2018, the population will grow over 700,000.The population of a city in 2010 was 450,000 and was growing at a rate of 5% per
Firlakuza [10]

Answer:

The year is 2020.

Step-by-step explanation:

Let the number of years passed since 2010 to reach population more than 7000000 be 'x'.

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Initial population is, P_0=450,000

Growth rate is, r=5\%=0.05

Final population is, P=700,000

A population growth is an exponential growth and is modeled by the following function:

P=P_0(1+r)^x

Taking log on both sides, we get:

\log(P)=\log(P_0(1+r)^x)\\\log P=\log P_0+x\log (1+r)\\x\log (1+r)=\log P-\log P_0\\x\log(1+r)=\log(\frac{P}{P_0})\\x=\frac{\log(\frac{P}{P_0})}{\log(1+r)}

Plug in all the given values and solve for 'x'.

x=\frac{\log(\frac{700,000}{450,000})}{\log(1+0.05)}\\x=\frac{0.192}{0.021}=9.13\approx 10

So, for x > 9.13, the population is over 700,000. Therefore, from the tenth year after 2010, the population will be over 700,000.

Therefore, the tenth year after 2010 is 2020.

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3 years ago
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