Suppose Frank places $8500 in an account that pays 14% Interest compounded each year.
Assume that no withdrawals are made from the account.

find the amount after year 1 and year 2

Answers

Answer 1

[tex]~~~~~~ \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 &\$8500\\ r=rate\to 14\%\to \frac{14}{100}\dotfill &0.14\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{each year, thus once} \end{array}\dotfill &1\\ t=years\dotfill &1 \end{cases}[/tex]

[tex]A=8500\left(1+\frac{0.14}{1}\right)^{1\cdot 1}\implies A=8500(1.14)\implies \boxed{A=9690} \\\\[-0.35em] \rule{34em}{0.25pt}\\\\ ~~~~~~ \textit{Compound Interest Earned Amount}[/tex]

[tex]A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$8500\\ r=rate\to 14\%\to \frac{14}{100}\dotfill &0.14\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{each year, thus once} \end{array}\dotfill &1\\ t=years\dotfill &2 \end{cases} \\\\\\ A=8500\left(1+\frac{0.14}{1}\right)^{1\cdot 2}\implies A=8500(1.14)^2\implies \boxed{A=11046.6}[/tex]


Related Questions

An apartment has two closets. Closet #1 is 4 feet long and 5 feet deep; Closet #2 is 6 feet long and 3 feet deep. Both closets are 8 feet tall. Which closet is larger?

Answers

Answer:

Closet #1.

Step-by-step explanation:

Closet #1 is 4x5x8, right? so, 4x5=20, and 20x8=160 feet. Closet #2 is 6x3x8, and 6x3 is 18. That's already less than 20 even before we multiply by 8. So, the answer to your question is Closet #1.

Answer:

Answer: The first closet is larger.

Step-by-step explanation:

Closet #1

V = l × w × h

V = 4 ft. × 5 ft. × 8 ft.

V = 160 cu. ft.

Closet #2

V = l × w × h

V = 6 ft. × 3 ft. × 8 ft.

V = 144 cu. ft.

Compare the size of the closets

160 cu. ft. > 144 cu. ft.

Answer: The first closet is larger.

Mr, Obrien needs to buy 8 television for the school. Each television costs $795. Mr. O'Brien has 120 fifty-dollar bills that he can use to pay for the televisions.
Part A.
How much will the 8 televisions cost?
Part B.
Does Mr. Obrien have enough money to buy all televisions he needs? If not, how many can he buy?

Answers

Answer:

A. $6360, B. He doesn't have enough money.

Step-by-step explanation:

Answer:

This answer is for only part A

1tv=$795

8 x 795 = 6,360

suppose the probability you will get an A in this class is .25 and the probability you will get a B is .50. What is the probability your grade will be above a C?

Answers

Answer:

75% chance

Step-by-step explanation:

Probability always adds to 1.00

Letter grades are always in the form A, B, C, D...

The grades above a C are A, which is a 25% chance and B, which has a 50% chance. Adding these up we get a 75% chance.

#LearnWithBrainly

The probability of getting a grade above a C is 0.75, or 75%.

We have,

To calculate the probability of getting a grade above a C, you need to add the probabilities of getting an A or a B.

Given:

Probability of getting an A (P(A)) = 0.25

Probability of getting a B (P(B)) = 0.50

A grade above a C includes grades of A and B.

Therefore, the probability of getting a grade above a C (P(above C)) is:

P(above C) = P(A) + P(B)

P(above C) = 0.25 + 0.50

P(above C) = 0.75

Thus,

The probability of getting a grade above a C is 0.75, or 75%.

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You need 2.5 pounds of potatoes. If each potato weighs 5 ounces, how many potatoes will you need?

Answers

Answer:

40 potatoes.

Step-by-step explanation:

16 ounces make a pound, so you multiply that by 2.5 and you get 40.

A reference book with 250 pages has 1 page without pictures.
What percent of the pages do not have pictures?
O 0.1%
O 0.4%
O 0.5%
0 1.1%

Answers

Answer:

0.4 %

Step-by-step explanation:

Given:

total number of pages = 250number of pages without pictures = 1

Percent of pages that do not have pictures = (number of pages without pictures ÷ total number of pages) × 100%

= 1/250 × 100%

= 0.004 × 100%

= 0.4 %

Answer:

0.4%

explanation:

without pages: 1total page: 250

solve:

[tex]\sf \dfrac{1}{250} * 100[/tex]

0.4%

what is1/3 as a whole number

Answers

Answer:

0

Step-by-step explanation:

there is no way to convert it to a whole number so it would be 0

How many square feet of carpet are needed to cover the floor of a rectangular room 18 ft. by 12 ft.?

Answers

Answer: Area of the rectangular room = length x Breadth

Length= 18 and Breadth = 12

Therefore the Area required to cover the floor = 18 * 12 = 216 ft2

The area of the rectangular room is given by the equation A = 216 feet²

What is the Area of a Rectangle?

The area of the rectangle is given by the product of the length of the rectangle and the width of the rectangle

Area of Rectangle = Length x Width

Given data ,

Let the area of the rectangle be represented as A

Now , the equation will be

The length of the rectangular room = 18 feet

The width of the rectangular room = 12 feet

Area of Rectangle = Length x Width

Substituting the values in the equation , we get

Area of the rectangular room = 18 feet x 12 feet

On simplifying the equation , we get

Area of the rectangular room A = 216 feet²

Therefore , the value of A is 216 feet²

Hence , the area of the rectangular room is 216 feet²

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The partial blueprint for an office building shows one outer wall and a perpendicular inner wall. Which of the following could be the equation of the inner wall, if the outer wall is represented by the equation y = 2/5x − 1?
Please help I am struggling really badly

Answers

Answer:

The equation of the perpendicular line:

2x + 5y = ╼ 15

Which of the following is the best first step to convert the following equation to slope
intercept form?
2-4y =-12

Answers

Answer: y=7/2 in decimal form 3.500

Step-by-step explanation: Rearrange the equation by subtracting what is to the right of the equal sign from both sides of the equation :

                    2-4*y-(-12)=0

Pull out like factors :

  14 - 4y  =   -2 • (2y - 7)

  Solve  :    2y-7 = 0  

Add  7  to both sides of the equation :  

                     2y = 7

Divide both sides of the equation by 2:

                    y = 7/2 = 3.500

I really need help please, any Expert willing to help me out? I don’t understand on #2, for a,b, and c.

Answers

Step-by-step explanation:

a) Tangent equals sine divided by cosine.  Therefore:

tan(-t) = sin(-t) / cos(-t)

b) Using the fact that sin(-t) = -sin(t) and cos(-t) = cos(t):

tan(-t) = -sin(t) / cos(t)

tan(-t) = -tan(t)

c) A function is symmetric about the origin if f(-x) = -f(x) (in other words, if it's an odd function).  Therefore, y = tan(t) is symmetric about the origin.

How much cash would you need to invest today if you knew you had to pay $1,000 each month for the next 5 years. Assume the annual interest rate is 12%. Round your answer to the nearest dollar.

Answers

Answer:

5600 $

Step-by-step explanation:

1000 multiply by 5 = 5000 multiply by 12 percent

600 add by 5000

5600

Q: give answer in decimal to the nearest tenth of a cm

Answers

Answer:

the nearest tenth of the cm is 6.9 cm

-2b+2(b-10)=2(10+5b)

Answers

Answer:

b= -4

Step-by-step explanation:

On both sides of the equation has distributive property. We need to solve that first. Let's start with the left side of the equation.

*Positive multiplied by a negative equals a negative

-2b+2(b-10)= 2(10+5b)

-2b+2b-20= 2(10+5b)

-20= 2(10+5b)

Now let's solve the right side of the equation

-20= 20+10b

-20  -20

-40 = 10b

-40/10 = 10b/10

b= -4

Hope this helps!

Xavier drove his car 70 miles with 7 gallons of fuel. How many more miles can he drive if he added 1 gallon of fuel?

Answers

i think 10 more miles.

70/7=10

which means he gets 10 more miles for every gallon of fuel

Gladis bulding a stage calcuate stea

Answers

Answer:

Um... your question is imcomplete

Step-by-step explanation:

Find the measure of one interior angle of a regular 23-gon.

A. 164.3
B. 160
C. 165.6
D. 161.1

Answers

The measure of one interior angle of a regular 23-gon is 164.3°
The sum of interior angles in a polygon is given by the formula

Where is the sum of the interior angles
and is the number of sides
To find the measure of one interior angle in a regular polygon, we divide the sum of the interior angles by the number of sides. That is,
Measure of one interior angle in a regular polygon =
From the question, we are to determine the value of one interior angle of a regular 23-gon.
A regular 23-gon has 23 sides

From the formula
Measure of one interior angle in a regular polygon =
Measure of one interior angle in the regular 23-gon =
=
=
= 164.3478°
≅ 164.3°
Hence, the measure of one interior angle of a regular 23-gon is 164.3°

A square has a perimeter of 12x + 40 units. Which expression represents
the side length of the square in units? *
X + 4
O x + 40
O 3x + 10
3x + 43

Answers

Answer:

3x+10

Step-by-step explanation:

Since the perimeter of a square is 4 times the side length, to find the side length given the perimeter, just divide by 4:

(12x+40)/4 = 3x+10

Therefore, the answer is 3x+10

ANSWER: 3x + 10
EXPLANATION: Since there are four sides you would divide 12x and 40 by 4

can someone answer this question now​

Answers

Answer:

1. C 20, 23

2. A 40, 36

3. 00:25, 00:20

4. 0:54, 1:00

5. 0:31, 0:30

find a equation for the line below

Answers

Step-by-step explanation:

use the formula of the equation of line

write this ratio as a fraction in simplest form without any units
21 days to 5 weeks

Answers

Answer:

21/5

Step-by-step explanation:

21/5

Or

21/25

........

may anyone please help me with my math , Thank you very much. the choices are just S or N :)​

Answers

Answer:

1. N,  2. S,  3. S, 4.  S, 5.  N*

Step-by-step explanation:

By "similar," I'm assuming you mean the same thing as "like" terms.  Those are exactly the same (same variables and same exponents) but could have different coefficients (the number in front).

1. N  variables are not the same

2. S  variables are the same, exponents are the same

3. S  same variables; same exponents (x^3 y^2 is the same as y^2 x^3)

4. S

5. N first term has z^2 in it; the second does not

*P.S.  I'm having some trouble distinguishing your "two" from "zee."

If the 2nd expression is

[tex]\frac{1z zyx}{2}[/tex] then the terms are similar.

Translate the triangle.
Then enter the new coordinates.

Answers

answer:

A' (-3,3) B' (-2,-1) C' (-6, -2)

what is 600 divided by 7

Answers

Answer: It is exactly 85.7142857143

But if you would like it rounded: 85.7

I would go with the second answer.

\

The solution of the expression is,

⇒ 85.72

What is Division method?

Division method is used to distributing a group of things into equal parts. Division is just opposite of multiplications. For example, dividing 20 by 2 means splitting 20 into 2 equal groups of 10.

Given that;

The expression is,

⇒ 600 divided by 7

Now, We can divide the numbers as;

⇒ 600 divided by 7

⇒ 600 ÷ 7

⇒ 85.72

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Music lessons cost $20 per week. How much do 6 weeks of lessons cost?

Answers

Answer:

$120

Step-by-step explanation:

20*6=120

Answer:

$120

Step-by-step explanation:

If lessons cost $20 per week, multiply the cost ($20) by the amount of weeks (6);

20*6= 120

Find the 7th term in the sequence -1,-5,-25

Answers

Answer:

-125

Step-by-step explanation:

-1 × 5 = -5

-5 × 5 = -25

-25 × 5 = -125

A farmer wants to seed and fence a section of land. Fencing costs $27 per yard. Grass seed costs $2 per square foot. How much does it cost to fence and seed the pasture?

A land for farming has a square-shaped piece of land and an isosceles triangular shaped piece of land that share a base. The square piece of land has a side length of 450 feet. The triangle has legs of 255 feet and height of 120 feet.

Answers

Answer:

$500625

Step-by-step explanation:

$27 per yard. Grass seed costs $2 per square foot. How much does it cost to fence and seed the pasture?  A land for farming has a square-shaped piece of land and an isosceles triangular shaped piece of land that share a base. The square piece of land has a side length of 450 feet. The triangle has legs of 255 feet and height of 120 feet.     area shape square = 450 *450 Square Area = 202500 SQft  perimeter = 450* 4 =1800 Ft  TRIANGLE = Hypotenuse is given by formula H=B√2 but height is already given = 120 and 255 area = Height  * Base = 120 * 255 =Triangle Area = 30600 feet squared     perimeter = 255 * 3 = 765 Ft   fence perimeter is 765-255 = 510 feet   total area = 202500+ 30600= 233100 square foot = 233100* $2 = (*2) = $466200  total fence = 765+510 = 1275 feet = 1275(*$27) = $34425   Total cost =   466200+34425 = $500625

PLEASE SHOW ALL WORK
Maria ran 100 yards in 13.8 seconds. Mike ran 1 second slower than Maria. How long did it take Mike to run 100 yards?
Group of answer choices

14.8 seconds

15.8 seconds

12.8 seconds

Answers

Answer:

14.8

Step-by-step explanation:

Well, it says that Mike ran 1 second slower. Which means that it took more time for Mike to finish. So, you add 1 second to 13.8 seconds and the answer is 14.8.

Last week, Thomas jogged a total of 35.209 miles on his treadmill. Two weeks ago, he jogged 38.074 miles.

How many fewer miles did Thomas jog last week than the week before?

Answers

Answer:

2.865

Step-by-step explanation:

pls rate five stars, thanks  :)

plz help me

Using the order of operations, what is the last calculation that should be done to evaluate 4(8 − 6)52 − 6 ÷ (−3)?

4(8 − 6)52 − 6 ÷ (−3)
4(2)52 − 6 ÷ (−3)
4(2)(25) − 6 ÷ (−3)
200 − 6 ÷ (−3)
200 − (−2)

multiply 200 and -2
add 200 and -2
add 200 and 2
divide 200 and -2

Answers

Answer: 3rd one

Step-by-step explanation:

Answer:

C. Add 200 and 2

Step-by-step explanation:

Find the value of -3p²+4p+7 if p= -2​

Answers

Answer:

-13

Step-by-step explanation:

-3(-2)^2 + 4(-2) + 7

-3(4) - 8 + 7

-12 - 8 + 7

-13

Hey there!

Plug in the value of p and solve:

-3p²+4p+7

-3(-2)²+4(-2)+7

-3(4)-8+7

-12-8+7

-12-1

-13

Hence, the answer is -13.

Hope everything is clear.

Let me know if you have any questions!

#LearningDoesn'tEnd

:-)

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