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Alexxandr [17]
2 years ago
9

A principal of $4,570 is placed in an account that earns 4. 5% interest. If the interest is compounded annually, how much money

will be in the account at the end of 5 years? a. $4,654. 15 b. $4,775. 65 c. $5,638. 75 d. $5,695. 05 Please select the best answer from the choices provided A B C D.
Mathematics
1 answer:
iVinArrow [24]2 years ago
8 0

~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$4570\\ r=rate\to 4.5\%\to \frac{4.5}{100}\dotfill &0.045\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &5 \end{cases} \\\\\\ A=4570\left(1+\frac{0.045}{1}\right)^{1\cdot 5}\implies A=4570(1.045)^5\implies A\approx 5695.05

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I'll do the first two to get you started

===============================================

Problem 1

A = 3 = starting value

B = 10 = ending value

C = percent change

C = [ (B - A)/A ] * 100%

C = [ (10-3)/3 ] * 100%

C = (7/3) * 100%

C = 2.3333333 * 100%

C = 233.33333%

C = 233.3%

The positive C value means we have a percent increase. If C was negative, then we'd have a percent decrease.

<h3>Answer: 233.3% increase</h3>

===============================================

Problem 2

A = 9 = start value

B = 20 = end value

C = percent change

C = [ (B - A)/A ] * 100%

C = [ (20-9)/9 ] * 100%

C = (11/9)*100%

C = 1.2222222222*100%

C = 122.22222222%

C = 122.2%

<h3>Answer: 122.2% increase</h3>
7 0
3 years ago
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Answer:

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Step-by-step explanation:

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2 years ago
Q and R are independent events. P(Q) = 0.4; P(Q AND R) = 0.08. Find P(R).
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Because Q and R are independent, you have

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8 0
3 years ago
James has an ice cube tray that makes ice in the shape of spheres rather than cubes. Each sphere of ice has a radius of 2cm, one
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<span>Each sphere of ice has a radius of 2cm
</span>one tray makes 6 spheres
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Total volume of each sphere is </span><span>33.51 cm^3
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6 0
3 years ago
The function y = x + 7 is graphed in the coordinate plane. Which point will not be on the line?
kondor19780726 [428]
Plug in x-values and see which one has an incorrect y value.

(x, y)

x=0; y=0+7=7; CORRECT
x=2; y=2+7=9; INCORRECT
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The point that is not on the online is (9, 16).
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