Suppose you deposit $1,500 in a savings account that pays interest at an annual rate of 5%. If no money is added or withdrawn from the account, answer the following questions.
a. How much will be in the account after 4 years?
b. How much will be in the account after 16 years?
c. How many years will it take for the account to contain $2,000?
d. How many years will it take for the account to contain $2,500?

Answers

Answer 1

Answer:

The solution is given below.

Step-by-step explanation:

Given that

Deposited amount = $1,500

Rate of interest = 5%

We need to find out the following things

a. The account after 4 years i.e. future value

As we know that

Future value = Present value × (1 + rate)^time period

Future value = $1,500 × (1 + 0.05)^4

Future value = $1,500 × (1.05)^4

Future value = $1,823.26

b. The account after 16 years i.e. future value

As we know that

Future value = Present value × (1 + rate)^time period

Future value = $1,500 × (1 + 0.05)^16

Future value = $1,500 × (1.05)^16

Future value = $3,274.312

c. The number of years that contain the amount of $2,000

Here

PV = $1,500

FV = $2,000

PMT = $0

RATE = 5%

The following formula should be applied

= NPER(RATE;PMT;-PV;FV;TYPE)

After applying the above formula, the time period is 4.94 years

d. The number of years that contain the amount of $2,500

Here

PV = $1,500

FV = $2,000

PMT = $0

RATE = 5%

The following formula should be applied

= NPER(RATE;PMT;-PV;FV;TYPE)

After applying the above formula, the time period is 8.77 years

Suppose You Deposit $1,500 In A Savings Account That Pays Interest At An Annual Rate Of 5%. If No Money
Suppose You Deposit $1,500 In A Savings Account That Pays Interest At An Annual Rate Of 5%. If No Money

Related Questions

How many students chose snap?

Answers

Answer:

Well 40% of 120 is 48 so 48 students

Step-by-step explanation:

i dont understand this

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Didn’t pass - studied = 3
Pass - studied = 23
Didn’t pass - studied = 4
Didn’t pass - didn’t study = 2

Determine if the 2 triangles are congruent.
A) AAS
B) Not enough information
C) SAS
D) HL ​

Answers

The answer is SAS which is C

Task 4 Task 다. Given: m​

Answers

Answer:

where the choices?

Step-by-step explanation:

7. Marcy is taking part in a summer movie club. She will
earn 3 points for each movie she attends throughout the
summer. Which equation represents the relationship
between y, the total points, and x the number of movies?
A y=3x
B. y = 3+x
C. x= 3y
D. x=y+3

Answers

Answer:

The equation that represents the relationship between 'y' the total points, and 'x' the number of movies is option A;

A y = 3·x

Step-by-step explanation:

The information required in the question is an equation that represents the the relationship between the number of movie attended and the total number of points Marcy has given that she earns a fixed amount of points for attending each movie

The number of points she will earn for attending each movie = 3 points

The total number of points she will earn 'y' when she attends 'x' number of movies is given as follows;

y = 3 + 3 + 3 + ... + 3, 'x' number of times, and we can write

[tex]y = \sum\limits_{i =1}^x 3 = 3 \times x[/tex]

Therefore the equation that represents the relationship between 'y' the total points, and 'x' the number of movies is y = 3·x.

Jada’s lawn mowing service charges $28 an hour plus a $20 fee to cover gas for the mower. Mai’slawn service charges $16 an hour, but a $44 fee. For how many hours will Jada’s service be cheaper than Mai’s?

I need the answer pretty quick plsss

Answers

Answer:

Jadas for 4 hours

Step-by-step explanation:

28+20=48

16+44=60

60 x 4 = ?

48 x 4 = ?

Overall Jada's plan is cheaper!!!!!1

Have a great day! Hope this helps!!!!!!!!!!

Seven buddies got together to eat chicken wings. There were total of 133 chicken wings. If each of the buddies ate the same number of chicken wings, how many did each person eat?

A 19
B. 13
C. 15
D. 17​

Answers

They each had 19 chicken wings!

Answer:

133÷7=19

19 is the answer

In 1978, the amount of earnings required to earn one Social Security credit was $250. Thirty-eight years later, in 2016, the amount was $1260. What was the percent increase in the amount required to earn a credit over this 38-year span?

Answers

Answer:

404%

Step-by-step explanation:

To find the percentage difference do the following: (FV - SV)/|SV| * 100

(1260 - 250)/|250| * 100 {Subtract 250 from 1260 to get 1010. The absolute value of 250 is 250.}

1010/250 * 100 {Divide 1010 by 250 to get 4.04, or 101/25.}

101/25 * 100/1 {CROSS CANCELLATION}

101 * 4 {Multiply 4 by 101 to get 404.}

404%

The percent increase in the amount required to earn a credit over 38 years is 404%.


7/20X5/5 equals? Any help
?

Answers

7/20. 5/5 =1 explanation

PLEASE HELP!! I WILL GIVE POINTS AND BRAINEST!

Answers

Answer:

Yes. They are similar because they have the same shape and one is just flipped and smaller.

Answer: Yes

Step-by-step explanation: For a quadrilateral to be similar, the angles must be congruent. This is true since the angle measures are the same since it flipped and dilated.

What is the domain of the graph?

Answers

Answer:

B

Step-by-step explanation:

x is greater than or equal to 2 and x is less than or equal to 5

A 50,000 investment earns 18 percent annually. If b represents the balance and t represents the number of years

Answers

Answer: B = 50,000 * 1.18^t

Step-by-step explanation:

This requires the use of the Future Value formula.

Future value = Amount invested + ( 1 + rate) ^ number of years invested

Future value = B in this scenario.

t = number of years.

When putting in figures therefore, the formula becomes:

B = 50,000 * ( 1 + 18%) ^ t

B = 50,000 * 1.18^t

Plz Help Me
Students were surveyed about their favorite food. Here are the results:

34% of the students like pizza
24% of the students like hamburgers
58% of the students like chicken
8% of the students like all three
12% of the students like pizza and hamburgers
22% of the students like pizza and chicken
8% of the students like only hamburgers
What percent of the students did not like pizza, hamburgers or chicken?

Answers

Answer:

0%

Step-by-step explanation:

They all liked one type of food.

The percent of the students which does not like pizza, hamburgers or chicken in the result of survey of favorite food are 22%.

What is percentage of a number?

Percentage of a number is the part of the whole number which is expressed in the fraction of hundredth. It is represented with "%" symbol.

Students were surveyed about their favorite food. Here are the results:

34% of the students like pizza24% of the students like hamburgers58% of the students like chicken8% of the students like all three12% of the students like pizza and hamburgers22% of the students like pizza and chickenonly 8% of the students like hamburgers

The vann diagram which represent this result is attached below. 8% of the students like all three, so 4% like chicken and hamburger and 4% pizza and hamburger.

14% of the students like pizza and chicken. Thus, the percent of the students did not like pizza, hamburgers or chicken is,

[tex]100-(32+14+8+4+4+8+8)=22\%[/tex]

Thus, the percent of the students which does not like pizza, hamburgers or chicken in the result of survey of favorite food are 22%.

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What is the surface area?
5 mm
4 mm
5 mm
6 mm
7 mm
square millimeters

Answers

Answer:

136 square millimeters

Step-by-step explanation:

Please help me!!
3. Determine whether or not AB is tangent to circle O. Show your work.​

Answers

Answer:

not tangent

Step-by-step explanation:

two reasons, first

Triangle AOB is not a right triangle

line AB intersects the circle O at two points.

The line AB touching the circle at point B in the considered diagram is not tangent to the circle O.

What is Pythagoras Theorem?

If ABC is a triangle with AC as the hypotenuse and angle B with 90 degrees then we have:

[tex]|AC|^2 = |AB|^2 + |BC|^2[/tex]

where |AB| = length of line segment AB. (AB and BC are rest of the two sides of that triangle ABC, AC being the hypotenuse).

How are radius and tangent to a circle related?

There is a theorem in mathematics that:

If there is a circle O with tangent line L intersecting the circle at point A, then the radius OA is perpendicular to the line L.

So, if AB is a tangent, then ∠ABO = 90° and therefore satisfies Pythagoras theorem.

Assuming AB is tangent, then ABO is right angled we should get:

[tex]H^2 = P^2 + B^2\\30^2 = 16^2 + 12^2\\900 = 256 + 144\\900= 500[/tex]

This statement is false, and therefore, so as our assumption is false that AB is tangent to circle O. Thus, AB is not tangent to circle O.

(so it might be that even if AB looks like touching at one point the circle O, but AB might be intersecting the circle at two points, or not touching it at all)

Thus, the line AB touching the circle at point B in the considered diagram is not tangent to the circle O.

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Explain the differences and similarities between 8 + (−5) and 8 − 5.

Answers

Answer:

The use different equations but both equal 3

Step-by-step explanation:

WILL MARK BRAINLYEST! 1567584+3121350393X59=

Answers

Answer:184161240771

Step-by-step explanation:

Calculator

Answer:

184,161,240,771

Step-by-step explanation:

have a nice day!

₊˚ ‧꒰ mei ꒱ ‧₊˚

I've tried to get the answer for this 13 times now (not joking), plzzz help: write a formula that represents the number of people in the nth row (pre-calc problem, I only need the formula)
I will report if sent a link

Answers

Answer:

2820 seatsaₙ = 3n + 9

Step-by-step explanation:

This is an AP with:

The first term a₁ = 12Common difference d = 3Number of terms n = 40

Number of the seats:

Sₙ = 1/2*n(a₁ + aₙ) = 1/2n(2a₁ + (n - 1)d)S₄₀ = 1/2*40(12*2 + 39*3) = 2820 seats

Formula of nth term:

aₙ = a₁ + (n - 1)daₙ = 12 + (n - 1)*3 = 12 + 3n - 3 = 3n + 9aₙ = 3n + 9

Write an equation of a line that is parallel to the line y
4x +3

Answers

Answer:

[tex]y=4x+4[/tex]

Step-by-step explanation:

There are infinite answers

All you have to do is changed the last number 3, to any real number greater or less than 3

Beyunka has six baseballs that she keeps at her grandparents’ house. That number represents 20% of the baseballs that come in a case. The relationship is shown in the tape diagram below. What is the total number of baseballs that come in a case?

Help

Answers

Answer:

30 is the total number of baseballs that come in a case

How to solve: 1/3 x 23,26 x 7

Answers

Answer:

54.27333333

Step-by-step explanation:

just put them all into a calculator and multiply them

1/3*23.26*7=54.27333333

Answer:

around 54.27

Step-by-step explanation:

Just multiply the numbers or change them to decimals (1/3 = 0.333 , 23.26, and 7 = 7.0)

1/3 * 23.26 * 7 = 54.273 (repeating)

A ball is thrown into the air from the top of a building. The height, h (t), of the ball
above the ground t seconds after it is thrown can be modeled by the function
h (t) = -16t+64t + 80. Explain the meaning of h (0) = 80 in the context of
the problem.

Answers

Answer:

See below

Step-by-step explanation:

h(0) is the height of the ball when it is thrown.  h(0) = 80 ft.  The top of the building is 80 ft. above ground.

Nicholas spent $10, including tax, on 2.5 centimeters of metal cable. what is the cost, in dollars, per centimeter of cable

Answers

Answer:

for each centimeter its $4

Step-by-step explanation:

10 divided by 2.5 is 4

1 = 4

2 = 8

2.5 equals 4 divided by 2 so 8 + 2 = 10

Find mean of the following data.
X 5 10 15 20
F 3 6 3 4
25
4​

Answers

Answer:

14.1

Step-by-step explanation:

Mean = sum of the items/ no. of items = ∑fx÷∑f  = 705÷ 50 = 14.1

Mary bought a desk on sale for 88.40. This price was 74% less than the original price.
What was the original price?

Answers

Answer:

p = $340

Step-by-step explanation:

Let p represent the original price.  Then the amount Mary paid was (100% - 74%) of the original price:  0.26p = $88.40.

Solving for p:  p = $340

Check:  what is 74% of $340?  $251.60.  Subtracting this from $340, we get $88.40.  This agrees with the problem statement.

pls help me plsssssssssss

Answers

Answer:

Step-by-step explanation:

Using the markings below, determine which of the following is the measure of angle 2

Answers

Answer:

4. 132°

Step-by-step explanation:

Both the triangles on the left and right are isosceles

The top angle of the triangle on the left:

180° - 2*69° = 42°

The top angle of the triangle on the right:

90° - 42° = 48°

This is the same angle as supplementary with angle 2:

∠2 = 180° - 48° = 132°

Correct choice is 4

simplify the expression below (3³-3²)+2³=​

Answers

Answer:

1^1+2^3 I believe

Step-by-step explanation:

=3³-²+2³

=3¹ + 2³

= 3+ 8

=11

help i dont what to do

Answers

Answer:

area=breadth* height

2*9

The diagram shows a square ABCD
M is the midpoint of AB
N is the midpoint of AD
The area of the shaded triangle AMN is 8cm^2
Work out the area of triangle MCN

Answers

Maybe şt can be happen but ım not sure 26

The area of the triangle, Δ AMN is 8 cm², so the area of the triangle, ΔMCN is 24 cm².

A triangle is one of the most basic geometric figures with 3 sides, 3 angles, and 3 vertices.

The area of a triangle is half of the product of the base and height.

Given that

ABCD is square and M and N are mid-points of lines AB and AD respectively.

Area of triangle, ΔAMN = 8 cm²

[tex]\dfrac{1}{2} \times AN \times AM = 8\\AN \times AM = 8 \times 2\\AN \times AM = 16[/tex] ...(i)

Since ABCD is square, therefore AB = AD.

Also, as M and N are mid-points of lines AB and AD, so

AN = AM.

Substitute AN = AM in equation (i),

[tex]AN \times AN = 16\\AN^2 = 16\\AN = \sqrt{16}\\AN = 4\ cm[/tex]

So,

AD = 2 × AN

     = 2 × 4

     = 8 cm

As ABCD is square,

AB = BC = CD = AD = 8 cm.

Area of the square ABCD = 8² = 64.

Since CD = BC, ND = MB, ∠D = ∠B.

Therefore by SAS property of similarity,

ΔCDN ≅ ΔCBM

Area of the triangle, ΔCDN = Area of the triangle, ΔCBM.

                                              [tex]= \dfrac{1}{2} \times CB \times BM\\= \dfrac{1}{2} \times 8 \times 4\\\\= 16\ cm^2[/tex]

Area of the triangle, ΔCMN = Area of ABCD - Area of ΔAMN - Area of ΔCDN - Area of ΔCBM

Area of the triangle, ΔCMN = 64 - 8 - 16 - 16

                                              = 24 cm²

Therefore, the area of ΔCMN  is 24 cm².

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