Using the formula for compound interest, if you deposit $2,000 at 10% each year, the future balance in your account after 10 years would be approximately $5,187.12. This is due to the effect of compounding where the interest is calculated on both the principal and the accumulated interest.
Explanation:The subject of this question is compound interest which is a Mathematics topic typically covered in High School. The formula A=p(1+r)^t is used to calculate the future balance in your savings account considering compound interest. Here, 'A' represents the future balance, 'p' is the current principle or balance, 'r' is the rate of interest, and 't' is time in years.
To answer your specific question: If you deposit $2,000 at a 10% rate each year, how much money will be in your account in 10 years? Let's plug the numbers into the formula. In this case, p=$2000, r=0.10 (as 10% equals 0.10 in decimal), and t=10 years.
So, A = 2000*(1 + 0.10)^10. Solving this, the future balance in your account after 10 years would be approximately $5,187.12. This is significantly more than simple interest ($100 × 0.05 × 3 = $15 in your example) due to the effect of compounding, as the interest is calculated on the principal plus the accumulated interest.
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Tom has a collection of 30 CDs and Nita has a collection of 18 CDs. Tom is adding 1 CD a month to his collection while Nita is adding 5 CDs a month to her collection. Write a system to find the number of months after which they will have the same number of CDs. Let x represent the number of months and y the number of CDs.
At the end of 3 month both have equal number of CDs i.e. 33
Tom has a collection of 30 CDs and Nita has a collection of 18 CDs. Tom is adding 1 CD a month to his collection while Nita is adding 5 CDs a month to her collection. Write a system to find the number of months after which they will have the same number of CDs.
Equation, is values of two expression that are equal.
Let x represent the number of months and y the number of CDs.
now
For Tom
Y = 30 + X
for Nita
Y = 18 + 5X
now solving both equation
30 + X = 18 + 5X
4X = 12
X = 3
for X = 3 y = 33
Thus At the end of 3 month both have equal number of CDs i.e. 33
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would you ever get a credit card from a company that would raise your rate even though you pay your credit card bills as agreed?
a.i don't mind throwing money away
b.i didn't now that credit card companies from one another
c.i didn't carefully shop for the right credit card company.
d.both b and c
Which is not a true statement
0.3711 >0.3801
A tree casts a shadow that is 18 feet in length. If the angle of elevation is 28 degrees, which of the following best represents the height of the tree?
to find the height
multiply the length of shadow by the tangent of the angle
18 * tan(28) =9.5708
the tree is around 9.6 feet tall
The angle of elevation is the angle at which the object is viewed from below. The height of the tree is 8,45feet
Angle of elevationThe angle of elevation is the angle at which the object is viewed from below.
If tree casts a shadow that is 18 feet in length at the angle of 28 degrees, the height is calculated as:
sin theta = opposite/hypotenuse
sin 28 = H/18
H = 18sin28
H = 8.45 feet
Hence the height of the tree is 8,45feet
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Triangle xyz is reflected across the y axis and x = 4,-5 what are the coordinates of x
Answer:
[tex]\tilde{x}=(-4,-5)[/tex]
Step-by-step explanation:
When we reflect a point [tex]P=(p_x,p_y)[/tex] over the y-axis, it's reflected to the point [tex]\tilde{P}[/tex] with the same y-coordinate as P and whose x-coordinate is minus the x-coordinate of P, hence
[tex]\tilde{P}=(-p_x,p_y).[/tex]
Therefore, in our particular case the point x=(4,-5) is reflected to the point
[tex]\tilde{x}=(-4,-5).[/tex]
Suppose you have $16,000 to invest in three stocks, A, B, and C. Stock A is a low-risk stock that has expected returns of 4%. Stock B is a medium-risk stock that has expected returns of 5%. Stock C is a high-risk stock that has expected returns of 6%. You want to invest at least $1,000 in each stock. To balance the risks, you decide to invest no more than $7,000 in stock C and to limit the amount invested in C to less than 4 times the amount invested in stock A. You also decide to invest less than twice as much in stock B as in stock A. How much should you invest in each stock to maximize your expected profit?
Answer:
Stock A: 1
Stock B: 1 and 2
Stock C: 1,7,4
P = KT/V solve for k
we have
[tex]P=\frac{KT}{V}[/tex]
Solve for K means clear the variable K
so
Multiply both sides by [tex]V[/tex]
[tex]PV=V\frac{KT}{V}[/tex]
[tex]PV=KT[/tex]
Divide both sides by [tex]T[/tex]
[tex]PV/T=KT/T[/tex]
[tex]K=PV/T[/tex]
therefore
the answer is
[tex]K=PV/T[/tex]
Translate the sentence into an inequality.
Six subtracted from b is at most 21.
Which of this is tru
Which of these shows 7 + 2y rewritten using the commutative property of addition?
7y + 2
2y + 7
7 − 2y
2y − 7
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Is 5 3/7 real and irrational or real and rational?
Grace was given the description “three less than the quotient of a number squared and nine, increased by eight” and was asked to evaluate it when n = 6. Her work is shown below.
Step 1: mc021-1.jpg
Step 2: mc021-2.jpg
Step 3: mc021-3.jpg
Step 4: mc021-4.jpg
Step 5: 7
In which step did she make an error?
step 1
step 2
step 4
step 5
Grace made an error in Step 5 of evaluating the expression 'three less than the quotient of a number squared and nine, increased by eight' when n = 6. The correct evaluation should result in 12, not 7 as she calculated. Hence, the error is in Step 5, where she incorrectly concluded that the expression equals 7.
Explanation:The question asks us to identify the step at which Grace made an error in evaluating the expression given the description “three less than the quotient of a number squared and nine, increased by eight” when n = 6. Without seeing the exact steps Grace took, we can still solve the expression ourselves.
Firstly, let's translate the description into an algebraic expression using n as our number:
“Three less than the quotient of a number squared and nine” can be expressed as ((n^2)/9) - 3.
Then, we “increase by eight” to get the final expression: ((n^2)/9) - 3 + 8.
If n = 6, we substitute in the value to get: ((6^2)/9) - 3 + 8, which simplifies to (36/9) - 3 + 8 = 4 + 8 = 12.
Thus, the correct answer when evaluating the expression for n = 6 is 12. Grace's error appears to have occurred in Step 5, where she incorrectly evaluated the final sum as 7.
A scale on a map says that 1 inch represents 60 miles. If the distance between two points on the map is 2 1/2 inches, how many miles are between the two points?
To find the number of miles between the two points, we need to calculate the distance represented by 2 1/2 inches on the map.
Given that the scale states 1 inch represents 60 miles, we can use this information to determine the distance in miles represented by each inch on the map. So, if 1 inch equals 60 miles, then we can write this as the ratio: 1 inch / 60 miles. To find the distance represented by 2 1/2 inches on the map, we can multiply the ratio by the number of inches: [tex](2 1/2 inches) × (1 inch / 60 miles)[/tex]. Simplifying this expression, we get: ([tex]5/2 inches) × (1 inch / 60 miles).[/tex]
Now, we can multiply the numerators and denominators together: [tex](5/2) × (1/60) = 5/120 = 1/24[/tex]. Therefore, [tex]2 1/2 i[/tex]nches on the map represents 1/24 of the actual distance between the two points. Now, to find the actual distance in miles, we can divide 60 miles (representing 1 inch on the map) by 24: 60 miles [tex]/ 24 = 2.5[/tex] miles. Thus, the two points on the map are approximately 2.5 miles apart from each other in actual distance.
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Which statement is true about the equation 3/4 z = 1/4 z - 3 + 5?
It has no solution.
It has one solution
It has two solutions.
It has infinitely many solutions.
A box of grass seed weighs .62 pounds. How much does a box containing .75 times as much grass seed weigh?
Please help!! Attached an image, will give most brainliest
Tony misplaced 7 stamps from his collection. He knows that each stamp of his worth $0.15 and that the total value of them is now only $5.55. write an -EQUATION- to determine the number of stamps (s) that tony originally had.
At a physics convention, 10 companies set up equal sized square booths in a row along one wall of the convention center. The booths are adjacent to each other and a 4-ft wide walkway surrounds the block of booths on three sides. The total area of the booths and walkway is 2300 ft2. What is the side length of each booth?
In the equation y = 3x - 1 what is the value of y when x equals -3?
Just plug in -3 for x and solve
y= -10
You are stacking books into a shipping box that is 15 inches high. Each book is 1.25 inches thick. How many books can you fit in a stack?
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The table shows the height of a plant as it grows.
a. Model the data with an equation.
b. Based on your model, predict the height of the plant at 12 months
given f(x)=6x+2 find f(x+3)
f(x+3) = 6x+20
What is a function?A function is an expression, rule, or law that defines a relationship between one variable (the independent variable) and another variable (the dependent variable).
f(x) = 6x+2
f(x+3) = 6(x+3) + 2
= 6x + 18 + 2
= 6x + 20
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What is the degree measure of the supplement of the complement of a 42-degree angle?
which shows the factored form of x2-12x-45
Answer:
[tex](x+3)(x-15)[/tex] is the required factorized form of the given expression.
Step-by-step explanation:
The given equation is:
[tex]x^2-12x-45[/tex], we have to factorized this equation,
Upon solving the above equation, we get
⇒[tex]x^2-15x+3x-45[/tex]
⇒[tex]x(x-15)+3(x-15)[/tex]
⇒[tex](x+3)(x-15)[/tex]
which is the required factorized form of the given expression.
Which function is an example of exponential growth? y = 2(0.3)x y = 1.5(0.4)x y = 3(8)x y = 2(0.7)x
Ankur estimated the quotient of 15 1/3 divided by (-4 2/3) to be 3. Which best describes his error?
Answer:
the anwser is b hope it helped
3/8 of the people at a fun fair were children 3/4 of the remaining people were men there were 140 children than women how many people went to the funfair
One rectangular solid with a square base has twice the height of another rectangular solid with a square base with the same side length. Which statements about the two rectangular solids are true? Check all that apply.
A) The bases are congruent.
B) The solids are similar.
C) The ratio of the volumes of the first solid to the second solid is 8:1.
D)The volume of the first solid is twice as much as the volume of the second solid.
E) If the dimensions of the second solid are x by x by h, the first solid has 4xh more
surface area than the second solid.
The correct answers about these solids are that:
The bases are congruent.The volume of the first solid is twice as much as the volume of the second solid. If the dimensions of the second solid are x by x by h, the first solid has 4xh more surface area than the second solid.What is a congruent baseThis is used to tell that the base of the triangles are the same and they have the same shape.
The volume of the first triangle is
[tex]2X^2h\\\\X^2h[/tex]is the volume of the second triangle.
The ratio is 2: 1
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Answer:
a, d, e
Step-by-step explanation:
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5.
(05.03 MC)
Freddy reads an equal number of pages of a book every week. The graph below shows the number of pages of the book left to read, y, after x weeks:
Which equation best models the relationship between x and y? (1 point)
y = –5x + 40
y = –40x + 280
y = –40x + 200
y = –5x + 200
Barbara sells iced tea for $1.49 per bottle and water for $1.25 per bottle. She wrote an equiation to find the number of drinks she needs to sell to sell to earn $100