Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago. Given that the investment yields 2.7% simple interest annually, how big was the initial deposit?

a. $2,524.50
b. $4,024.03
c. $4,250.00
d. $11,404.88

Answers

Answer 1

Answer:

First, converting R percent to r a decimal

r = R/100 = 2.7%/100 = 0.027 per year.

Solving our equation:

P = 6774.5 / ( 1 + (0.027 × 22)) = 4250P = $4,250.00

The principal investment required to get a total amount, principal plus interest, of $6,774.50 from simple interest at a rate of 2.7% per year for 22 years is $4,250.00I do exams and quizzes if your interested!

Answer 2

The initial deposit amount is $4,250.00.

Given that,

The worth of an investment is $6774.50The time period is 22 years. The rate of interest is 2.7%.

Based on the above information, the calculation is as follows:

We know that

[tex]SI =P\times R\times T\\\\SI = P\times 2.7\% \times 22\\\\SI = 0.594P[/tex]

Now

Investment worth = P  + SI

= P + 0.594P

= 1.594P  

So,  

1.594P  = 6774.50

P  = $4,250  

Therefore we can conclude that the initial deposit amount is $4,250.00.

Learn more: brainly.com/question/13324776


Related Questions

Chau made a shirt using 3/8 yards of green fabric and 1/4 yards of blue fabric . How many more yards of green fabric did chau use ?
Write your answer as a fraction in simplest form .

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Answer:

1/8 more yards

Step-by-step explanation:

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-16/5

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Step-by-step explanation:

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What is the Next-Now rule and function rule for this table? 50 POINTS! BRAINLIEST TO CORRECT ANSWER.

Any unrelated answer is subject to getting their IP found and get reported.​

Answers

Answer:

Step-by-step explanation:

I'm not sure what the next now rule but I can give you the function.

y = 5 * 2^x

So the table is constructed by letting 0<=x<=8

For example if x is 3

y = 5 * 2^3

y = 5 * 8 = 40

When x = 3 does y come to 40? According to the chart it does.

Try another one

y = 5 * 2*6

y = 5 * 64

y = 320   Is that what the chart records? Yes it does.

If what the text now rule means is that from the current value of y, you can get the next value, then the formula would be

y_n = 2 * y_(n - 1)

y_7 = 2 * y_6

y_7 = 2 * 320

y_7 = 640

Determine whether the system of equations has one solution, no solution, or infinitely many solutions. 4x=10+4y and 2x-2y=15

Answers

Answer:

infinitely many solutions

Step-by-step explanation:

Given the simultaneous equation

4x=10+4y... 1

2x-2y=15 .... 2

_____________

4x-4y = 10 * 1

2x-2y = 15 * 2

__________--

4x-4y = 10

4x-4y = 30

Add both equation

8x - 8y = 10+30

8x-8y = 40

Divide though by 8

x-y = 5

x = 5 +  y

Since the result gave 1 equation and 2 unknowns, then we will let x =k

k = 5 + y

y = k -5

k can be any integer

(x,y) = (k, k-5)

This show that the equation has infinitely many solutions

help mee will mark as brainliest ​

Answers

Step-by-step explanation:

Please refer to the attachment

A student solved the equation below. Describe the error they made. (What did they do wrong? What should they have done?) *

Answers

error: they divided both sides by three.
correct: they should’ve first subtracted both sides by two then divided both sides by three.

please someone help me asap !!

Answers

4t•4t•4t•4t•4t
Explanation

what is 2.34 + 5.4 + 6.345

Answers

Answer:

14.085

Step-by-step explanation:

Answer:

2.34+5.4+6.345=14.085

Step-by-step explanation:

bob is picking randomly from a bag containing tiles member 1 to 10. write down the probability that the number he picks is 7

Answers

Answer:

Step-by-step explanation:

a)     No of outcomes= 7

       total no of outcomes= 10

       probability = no of outcomes/total no of outcomes

       =7/10

b)     4/10 ( since the outcomes could be 1,2,3,4)

c)     no 1 to 10 has 5 odd numbers

       so, probability = 5/10 = 1/2

d)    multiples of 3 from 1 to 10 are :-

      3,6,9= 3 no's

      so probability = 3/10

y = 3x - 2
y = 4x - 5

Answers

Answer:

x = 3

y = 7

Step-by-step explanation:

y=3x-2

y=4x-5

then 3x-2 = 4x-5

reduce

x = 3

y = 7

Answer:

SOLVE FOR Y

y=

2

x+5

SOLVE FOR X

x=2y−5

Step-by-step explanation:

Please help!! It is timed..

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If you need something copy and paste it into equation solver or mathaway. It also shows work and steps there, so your all good (:

Find the total surface area of a cylinder whose diameter is 28 cm and height is 11 cm.

Answers

59 cm yun ang sagot sa tanong mo

Answer:

2199.11 (with pi)

2198 (with 3.14)

Step-by-step explanation:

A=2πrh+2πr²

A=2π(14)(11)+2π(14)²

A=2π(154)+2π(196)

A=2(483.56)+2(615.44)

A=967.12+1230.88

Please answer the question in the photo, thanks!

Answers

Answer:

[tex]\therefore 2\dfrac{1}{3} \div \left ( -3\dfrac{2}{3} \right ) = -\dfrac{7}{11}[/tex]

Step-by-step explanation:

The question relates to dividing a fraction by proper and another fraction

The given expression is presented as follows;

[tex]2\dfrac{1}{3} \div \left ( -3\dfrac{2}{3} \right )[/tex]

We rearrange the fractions as improper  fractions for easier division as follows;

[tex]2\dfrac{1}{3} = \dfrac{7}{3}[/tex]

[tex]-3\dfrac{2}{3} = -\dfrac{11}{3}[/tex]

Therefore, we have;

[tex]2\dfrac{1}{3} \div \left ( -3\dfrac{2}{3} \right ) = \dfrac{7}{3} \div \left (-\dfrac{11}{3} \right ) = \dfrac{7}{3} \times \left (\dfrac{1}{-\dfrac{11}{3} } \right ) = \dfrac{7}{3} \div \left (-\dfrac{3}{11} \right ) =-\dfrac{7}{11}[/tex]

[tex]\therefore 2\dfrac{1}{3} \div \left ( -3\dfrac{2}{3} \right ) = -\dfrac{7}{11}[/tex]

Vallable Equations
3) -84 = 7(3 – 5n)
A) 3
B) 11
C) -11
D) 8

Answers

The correct answer is A N=3



The answer would be A) 3


i can really use some help on number 11 and 13 thank you :)))

Answers

11 matches with B slope 2, y-int is 1
13 matches with C slope -2/3, y-int is 1

Juan plans to build a ramp from his window to the sidewalk so he can skateboard right out his window on his way to school. His window is 5ft off the ground and the sidewalk is 12ft from his house.

Answers

Given :

Height of the window, h = 5 ft.

Distance of the sidewalk from the house, d = 12 ft.

To Find :

The length of the slope.

Solution :

We know, angle between wall and the floor is 90°.

So, we can say that the system makes an right angle triangle.

Let, length of the ramp is x.

So, Applying Pythagoras theorem in the triangle is :

[tex]x^2 = 5^2 + 12^2 \\\\x^2 = 25 + 144\\\\x^2 = 169\\\\x = 13\ m[/tex]

Therefore, the length of the ramp is 13 m.

i need someone to help me understand this and questions like this

Answers

Answer:

a >= -3

Step-by-step explanation:

So A

Dan invests £2700 into his bank account.
He receives 2% per year compound interest.
How much will Dan have after 4 years?

Answers

2700*1.02^4
=2922.566832
U can round it to 2dp

f(5) = ? It is not 5 as I tried at, and not f5

Answers

Answer:

ALT + F5

Step-by-step explanation:

Answer:

where is the equation?

10(g+3.50)=75 plz help

Answers

Answer:

g=4

Step-by-step explanation:

10(g+3.50)=75

(g+3.50)=7.50

g=4

Sandhya secured 630 marks out of 900 and Monica secure 650 marks out of 1300 whose performance is better​

Answers

Answer:

Sandhya performed better.

Step-by-step explanation:

You can either or simplify the fractions:

[tex]\frac{630}{900}[/tex] and [tex]\frac{650}{1300}[/tex] to simpler forms like [tex]\frac{7}{10}[/tex] and [tex]\frac{1}{2}[/tex] from there you can make the [tex]\frac {1}{2}[/tex] and multiply it by [tex]\frac{5}{5}[/tex] to get [tex]\frac{5}{10}[/tex] and then from there you can see Sandya performed better.

OR

You can divide 630 by 900 and 650 by 1300

630/900 gives you 70

and

650/1300 gives you 50

Clearly, once again Sandhya performed better.

1/2 x 1/2 x 1/2 =
what is the Answer?

Answers

Answer:

.3

Step-by-step explanation:

which expression is equivalent to the given expression? ​

Answers

(2w-²)³ (8w⁶)

= ( 2× 1/w²)³ (8w⁶)

= (2/w²)³ (8w⁶)

= (2³ / w⁶) (8w⁶)

= (8/w⁶) (8w⁶)

= (8w-⁶) (8w⁶)

= 8×8 w-⁶+⁶

= 64 w⁰

= 64 (1)

= 64

option B

A bottled water company bottles varying sizes of water, from 8-ounce to 1-gallon containers. The company has
determined that the mean quantity in their 20-ounce bottles is 20.8 ounces with a standard deviation of 0.6 ounces. The
bottling plant manager believes his machines are overfilling the bottles. A random sample of 30 bottles is taken, and the
mean number of ounces of water is recorded. Which of the following values of the mean of the sample is most likely to
occur if the true mean number of ounces is 20.8?
19.8
20.4
20.9
21.2

Answers

Answer:

No, since a sample mean of 20.9 or more occurred 19 out of 100 times, there is insufficient evidence that the true mean ounces of the bottles of water is greater than 20.8

Step-by-step explanation:

Edge

A random sample of 30 bottles is taken, and the mean number of ounces of water is recorded.

A bottled water company bottles varying sizes of water, from 8-ounce to 1-gallon containers. The company has,

determined that the mean quantity in their 20-ounce bottles is 20.8 ounces with a standard deviation of 0.6 ounces.

What is the standard deviation?

The standard deviation is a measure of the amount of variation or dispersion of a set of values.

The bottling plant manager believes his machines are overfilling the bottles. A random sample of 30 bottles is taken, and the

mean a number of ounces of water is recorded.

To learn more about the standard deviation visit:

https://brainly.com/question/12402189

#SPJ2

A college has a student to teacher ratio of 35 to 2. If there are 170 teachers at the college, how many students attend the

college?


Answer: 2,975

Answers

Answer: 2975

Step-by-step explanation:

From the question, we are informed that a college has a student to teacher ratio of 35 to 2 and that there are 170 teachers at the college,

The number of students in the college will then bee calculated as:

= 35 × 170/2

= 35 × 85

= 2975

Therefore, 2975 students attend the college

Last year, Amy had $20000 to invest. She invested some of it in an account that paid 8% simple interest per year, and she invested the rest in an account that paid 9% simple interest per year. After one year, she received a total of $1690 in interest. How much did she invest in each account?

Answers

Answer:

Amount invested at 8% rate of interest = $11000

Amount invested at 9% rate of interest = $9000

Step-by-step explanation:

Let Amy invested amount in a account with 8% simple interest = $a

Then the interest gained after one year = [tex]\frac{\text{Principal amount}\times \text{Rate of interest}\times \text{Time}}{100}[/tex]

                                                                  = [tex]\frac{a\times 8\times 1}{100}[/tex]

                                                                  = 0.08a

Remaining amount for the investment = $(20000 - a)

Interest earned after one year with rate of interest 9%

= [tex]\frac{(20000-a)\times 9\times 1}{100}[/tex]

= $(1800 - 0.09a)

Total interest earned after 1 year = $1690

0.08a + (1800 - 0.09a) = 1690

1800 - 0.01a = 1690

0.01a = 110

a = $11000

Amount invested at 8% rate of interest = $11000

Amount invested at 9% rate of interest = $(20000 - 11000) = $9000

Find the inverse of 3x - 6

3x - 6
3x - 6

-3x + 6
-3x + 6

3x + 6
3x + 6

-3x + 6

Answers

Answer:

3x+6 is inverse of 3x-6.it is a additive inverse and if we add both we get 0.

help me with this please and i will give brainlest

Answers

Answer:

stop asking me like I'm doing school

10b + (-45) = -43 b=__

Answers

Answer:

b=1/5

Step-by-step explanation:

10b + (-45) = -43

10b = 2

b = 2/10

b = 1/5

What is the final temperature?
5. On Monday the price of a company's
stock is $25 per share. On Tuesday the
price drops S2, on Wednesday it rises
S6, on Thursday it rises S3, and on
Friday it drops S4. What was the price at
the end of the week?




Please help meeee

Answers

Answer:

$28 per share

Step-by-step explanation:

Monday: $25

Tuesday: "Drops $2" "drops" is a key word for minus. So, 25-2 is 23.

Wednesday: "rises" is a key-word for addition. So, 23 + 6 is 29.

Thursday: "rises" again, is a key-word for addition. So, 29 +3 = 32.

Friday: D= "drops" is a key-word for minus. So your last step is subtracting. 32-1=28.

Hope this made sense!

$28 Per share

25-2=23
23+6=29
29+3=32
32-4=28
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