Caleb invested $1400 in an account that pays 4% interest compounded annually.

Mathematics

1 answer:

34kurt2 years ago

3 0

Answer:

$1842.30

Step-by-step explanation:

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 4/100

r = 0.04 rate per year,

Then solve the equation for A

A = P(1 + r/n)^nt

A = 1,400.00(1 + 0.04/1)^(1)^(7)

A = 1,400.00(1 + 0.04)^(7)

A = $1,842.30

You might be interested in

If f(x) = 2x2 - x, find f(-3).

jonny [76]

F(x) = 2x^2 - x
if x=-3

f(-3) = (2*(-3)^2) - (-3)
f(-3) = (2*9) + 3
f(-3) = 18 + 3
f(-3) = 21

7 0

3 years ago

Read 2 more answers

72 divide 4176 long division

Contact [7]

Answer:

it would be 58

Step-by-step explanation:

if you do 72 x 417 it would be 5 at the top and 360 would be at the bottom so it would be 417-360 which is 57 and the six at the top u would drop so now it is 576 so if you do 72 x 8 it would be 576 so u would put the 8 with the 5 and subtract the 576 - 576 and that is 0 BOOM

6 0

3 years ago

Write the equation of the line in either point-slope form or slope-intercept form.

Inga [223]

Answer:

y = -3x - 0.25

Step-by-step explanation:

Write the equation of a line that has a slope of -3 and passes through the point (1.25, -4).

We'll use the point-slope form of y = mx + b, where m is the slope and b the y-intercept (the value of y when x = 0).

We are told the slope, m, is -3.

y = -3x + b

We need to find a value for b that will cause the line to go through point (1.25,-4), We can do that by entering this point in the equation we have this far:

y = -3x + b

-4 = -3(1.25) + b

-4 = -3.75 + b

-0.25 = b

The equation is: y = -3x - 0.25

See attached graph.