The amount that will be in the account after 30 years is $188,921.57.
<h3>How much would be in the account after 30 years?</h3>
When an amount is compounded annually, it means that once a year, the amount invested and the interest already accrued increases in value. Compound interest leads to a higher value of deposit when compared with simple interest, where only the amount deposited increases in value once a year.
The formula that can be used to determine the future value of the deposit in 30 years is : annuity factor x yearly deposit
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate
- n = number of years
$2000 x [{(1.07^30) - 1} / 0.07] = $188,921.57
To learn more about calculating the future value of an annuity, please check: brainly.com/question/24108530
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against wind the speed = x-y
distance traveled = 2460
2460/x-y= 6
6x-6y= 2460
x-y=410...........1
..
with wind speed = x+y
distance is same 2460
2460/x+y=5
5x+5y=2460
x+y=492............2
..
Add equation 1 & 2
x-y+x+y=410+492
2x=902
x= 451 mph speed of plane in still air.
..
Plug the value of x in equation 1
451-y=410
y=451-410
y=40 mph the speed of wind
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Your feed back about the solution is very important in improvement.
Answer:
Not sure what you're asking but 120.4 is
one hundred
two tens
and four tenths
5
Simplify —
4
Equation at the end of step 2 :
5 6
(w - — ) - — = 0
4 7
Step 3 :
Rewriting the whole as an Equivalent Fraction :
3.1 Subtracting a fraction from a whole
Rewrite the whole as a fraction using 4 as the denominator :
w w • 4
w = — = —————
1 4
Equivalent fraction : The fraction thus generated looks different but has the same value as the whole
Common denominator : The equivalent fraction and the other fraction involved in the calculation share the same denominator
Adding fractions that have a common denominator :
Adding up the two equivalent fractions
Add the two equivalent fractions which now have a common denominator
Combine the numerators together, put the sum or difference over the common denominator then reduce to lowest terms if possible:
w • 4 - (5) (4w - 5
)
——————————— = ——————
4 4
Equation at the end of step 3 :
(4w - 5) 6
———————— - — = 0
4 7
