Suppose $4000 is invested at 6% interest compounded annually. How much money will there be in the bank at the end of 5 years? At the end of 20 years?

Answers

Answer 1

Answer: The accumulated amount after 5 years = $ 5352.90

The accumulated amount after 20 years = $ 12828.54

Step-by-step explanation:

Formula to find the accumulated amount after investing P amount at the rate of r ( in decimal) compounded annually for t years:

[tex]A=P(1+r)^t[/tex]

As per given , we have

P =  $4,000

r= 6% = 0.06

Put thsese values in formula : [tex]A=4000(1+0.06)^t=4000(1.06)^t[/tex]

The accumulated amount after 5 years = [tex]A(5)=4000(1.06)^5[/tex]

[tex]=4000(1.3382255776)=5352.9023104\\\\\approx5352.90[/tex]

Hence,  the accumulated amount after 5 years = $ 5352.90

The accumulated amount after 20 years = [tex]A(20)=4000(1.06)^{20}[/tex]

[tex]=4000(3.20713547221)=12828.5418888\\\\\approx12828.54[/tex]

Hence,  the accumulated amount after 20 years = $ 12828.54

Answer 2

Using the compound interest formula, the amount in the bank at the end of 5 years and 20 years would be $5325.90 and $12828.54 respectively

Using the compound interest formula :

[tex] A = P(1 + r)^{t} [/tex] P = principal r = Rate t = time

After 5 years :

[tex] A = 4000(1 + 0.06)^{5} [/tex]

Amount after 5 years = $5325.90

After 20 years :

[tex] A = 4000(1 + 0.06)^{20}[/tex]

Amount after 5 years = $12828.54

Hence, the amount accumulated after 20 years will be $12828.54

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Related Questions

Ms. Lawrence baked exactly 1 inch diameter cookies as shown below, how
much space left on cookie tray, if the tray's dimensions are 7 inches by 3
inches?​

Answers

Answer:

Exactly 26 cookies fit and there would be 0.75 of cookie space left over.

Step-by-step explanation:

In this case, we must calculate the area of a cookie and the total area of the cookie tray,

give us the diameter of the cookie, we need the radius, we know that the radius is half the diameter, so:

r = d / 2 = 1/2

the area would be:

A = pi * r ^ 2

replacing:

A = 3.14 * (1/2) ^ 2

A = 0.785

The area for each cookie is 0.785 in ^ 2

Now the area of the cookie tray would be:

A = 7 * 3

A = 21 in ^ 2

Therefore a total of:

 21 / 0.785 = 26.75

Which means that exactly 26 cookies fit and there would be 0.75 of cookie space left over.

Pleease helpthis is my final exam
I want the answer of second question

Answers

Answer:

7

Step-by-step explanation:

as it does that F thing where its equal to it....

Answer:

I wont answer for you, but ill guide you in the right direction

Step-by-step explanation:

Find the midpoint between the two points of the line in the image below.

Answers

Answer:

the answer is ( 2 , 1 ) I hope thus helps

Answer:

(2,1)

Step-by-step explanation:

Average the x values and the y values out

The graph shows the relationship between daily caffeine
consumption and resting heart rate for some adults.
Which phrases describe the relationship between heart
rate and daily intake of caffeine? Select two options.
Effects of Caffeine
negative correlation
180
increasing heart rate
constant correlation
Resting Heart Rate (bpm
positive correlation
decreasing heart rate
1 2 3 4 5 6 7 8 9 10
Total Coffee Intake (Cups)

Answers

Answer:

A and B. increasing heart rate and positive correlation

Step-by-step explanation:

The heart rate increases as they drink more cups of coffee and because the both sets of data are increasing in the same direction, it's positive correlation.

Hope my answer helps and isn't too short <3

Answer: B AND D

Step-by-step explanation:

What is the equation in slope-intercept form of the line?

Answers

Answer:

y = 1x - 500

Step-by-step explanation:

b is were the line crosses the y axis so its -500

and to find slope you do -200-(-400) over 300-100 and it equals 1

hope this helps:)

Which equation represents circle C?

Answers

Answer:

The equation of the circle is

(x + 4)^2 + (y-1)^2 = 162

Step-by-step explanation:

Here, we want to give the correct equation of the circle.

The center of the circle is (-4,1)

Now the other parameter we need to show the equation of the circle is the radius of the circle and this can be obtained from the distance between the circle center and a point on the circumference.

We use the distance formula to calculate this.

So the distance we want to calculate is the distance between;

(-4,1) and (5,-8)

using the distance formula, we have

d = √(x2-x1)^2 + (y2-y1)^2

Substituting these values, we have;

d = √(5 + 4)^2 + (-8-1)^2

d = √(9^2 + 9^2)

d = √(162)

d = 9 √2 units

The formula for the equation of a circle is

(x-h)^2 + (y-k)^2 = r^2

where (h,k) are coordinates of the center which is (-4,1) in this question

The way of the circle is thus,

(x-(-4)^2 + (y-1)^2 = {9√(2)}^2

(x + 4)^2 + (y-1)^2 = 162

Simplify this equation. 4m(2mn - 8m) +3n (5n-6mn)Please help me and show working as well​

Answers

Answer:8m^2n - 32m^2 + 15n^2 - 18mn^2

Step-by-step explanation:

4m x 2mn = 8m^2n

4m x -8m = -32m^2

3n x 5n = 15n^2

3n x -6mn = -18 mn^2

when you add them all together,

8m^2n - 32m^2 + 15n^2 - 18mn^2

What value of n makes the statement true?
6x^n• 4x^2=24x^6
n =

Answers

Answer:

n =4

Step-by-step explanation:

6x^n• 4x^2=24x^6

Combine like terms

24 x^n *x^2 = 24 x^6

We know that a^b * a^c = a^(b+c)

24 x^(n +2) = 24 x^6

Divide each side by 24

x^(n +2) = x^6

The bases are the same so the exponents are the same

n+2 = 6

Subtract 2

n+2-2 = 6-2

n=4

Answer:

4

Step-by-step explanation:

just did it

Dada la función cuadrática () = + + . Determinar: a. Si la gráfica se abre hacia arriba o hacia abajo b. Las coordenadas del vértice c. El punto de corte con el eje de las y d. Los puntos de corte con el eje de las x e. El eje de simetría

Answers

Can u put it in another language?

how do you know if two line segments are perpendicular

A. Their slopes are equal
B. The slope of one is the negative of the slope of the other
C. Their slopes are negative reciprocals
D. Their slopes are reciprocals

Answers

Answer: C. Their slopes are negative reciprocals

Step-by-step explanation:

The slopes of two perpendicular lines are negative reciprocals of each other.

Please help! Correct answer only!

In a raffle, one ticket out of 200 will win a $980 prize, one ticket will win a $950 prize, one ticket will win a $270 prize, and one ticket will win a $260 prize. The remaining tickets will win nothing. If you have a ticket, what is the expected payoff?

Answers

Answer:

" Expected Payoff " - $ 12.30

Step-by-step explanation:

Consider the steps below;

[tex]Total Number of Tickets - 200 Tickets,\\Tickets Entered - 1 Ticket,\\\\Proportion - 1 / 200\\\\Amount Won ( First ) = 980 Dollars,\\Amount Won ( Second ) = 950 Dollars,\\Amount Won ( Third ) = 270 Dollars,\\Amount Won ( Fourth ) = 260 Dollars\\\\Proportionality ( First ) - 1 / 200 = x / 980,\\Proportionality ( Second ) - 1 / 200 = x / 950,\\Proportionality ( Third ) - 1 / 200 = x / 270,\\Proportionality ( Fourth ) - 1 / 200 = x / 260,\\\\1 / 200 = x / 980,\\200 * x = 980,\\x = 4.90,\\\\[/tex]

[tex]1 / 200 = x / 950,\\200 * x = 950,\\x = 4.75,\\\\1 / 200 = x / 270,\\200 * x = 270,\\x = 1.35,\\\\1 / 200 = x / 260,\\200 * x = 260,\\x = 1.3[/tex]

[tex]Conclusion ; " Expected Payoff " = 4.90 + 4.75 + 1.35 + 1.3 = 12.30[/tex]

Anyone know the answer

Answers

Answer:

3

Step-by-step explanation:

72/9 = 8 ( The quotient of 72 and 9)

8-5 = 3 (Decrease by 5)

A family pays $8.00 to park at a concert. Tickets for the concert cost $13.50 per person. The family spent a total of $89.00 for parking fees and tickets to the concert. The situation can be modeled by the equation 89 = 13.5n + 8, where n represents the number of tickets purchased. How many concert tickets did the family purchase? Tickets=

Answers

Answer:

n=6

Step-by-step explanation:

13.5n + 8 = 89

13.5n = 89 - 8

13.5n = 81

13.5n/13.5 = 81/13.5

n = 6

I hope this helps

Answer:

n=6

Step-by-step explanation:

i did it on edg 2020

Hhh I’m very bad at math

Answers

Answer:

See below;

Step-by-step explanation:

21 . Consider an exponential function;

[tex]Exponential Function in Form - y = a * b^x, where, a - start value, b - growth factor, x - time,\\\\Now y = f ( x ), in Other Words,\\p ( t ) = 300 * ( 0.5 )^t - Given,\\\\Through Substitution - f ( x ) = p ( t ), a = 300, b = 0.5, x = t,\\\\Conclusion ; 300 - ( start value ) - Starting Amount of Milligrams of Compound,\\0.5 - Milligrams Compound Decreases by[/tex]

Solution; Provided Directly Above

Deanna used 2.5 deciliters of milk in a recipe. How many milliliters of milk did Deanna use?
Number of Deciliters
x or ÷
Milliliters is 1 Deciliter
=
Number of Milliliters






=


Answers

Answer:

Milliliters is 1 Deciliter

Step-by-step explanation:

Find an equation for the hyperbola with center at origin (0,0), vertex (-6, 0) and focus
at (-10, 0)

Answers

-10 is the vertex dueeee

Ariele is hiking down into the canyon. She starts at the rim and hikes down 55 feet in 234 minutes. If she continues at this rate, where will Ariel be in relation to the rim after 15 minutes?

Answers

Answer:

This means that she will be 16.35 ft away from the rim in 15 minutes at this current rate.

Step-by-step explanation:

What we are asked here is imply to state how long in terms of distance would be Arielle position after 15 minutes

Now, 55 ft will take her 234 minutes

x ft will take her 15 minutes

x * 234 = 55 * 15

234x = 3825

x = 3825/234

x = 16.35 ft

This means that she will be 16.35 ft away from the rim in 15 minutes at this current rate.

After 15 minutes, Ariele would be 3.5 feet away from the rim.

What is speed?

Speed is the ratio of distance travelled to total time taken. It is given by:

Speed = distance / time

Ariele is hiking down into the canyon. She starts at the rim and hikes down 55 feet in 234 minutes. Hence;

Ariele speed = 55 feet / 234 minutes

In 15 minutes, the distance covered is:

Distance = (55 feet / 234 minutes) * 15 minutes = 3.5 feet

After 15 minutes, Ariele would be 3.5 feet away from the rim.

Find out more on speed at: https://brainly.com/question/4931057

A clothing company sells slacks that are either blue or gray and pleated or non-pleated. Last month, the company sold 5 times as many pairs of blue pleated slacks as gray pleated slacks, and it sold twice as many pairs of gray non-pleated slacks as blue non-pleated slacks. If it sold 333 pairs of blue slacks and 225 pairs of gray slacks, how many pairs of blue non-pleated slacks did it sell?

Answers

Answer:

138 pairs

Step-by-step explanation:

The number of blue pleated slacks is 5 times the number of gray pleated slacks, so:

[tex]blue\ pleated = 5 * gray\ pleated[/tex] (eq1)

The number of gray non-pleated is twice the number of blue non-pleated slacks, so:

[tex]blue\ nonpleated = 2 * gray\ nonpleated[/tex] (eq2)

The total number of blue slacks is 333, and the total number of gray slacks is 225, so we have that:

[tex]blue\ pleated + blue\ nonpleated = 333[/tex] (eq3)

[tex]gray\ pleated + gray\ nonpleated = 225[/tex] (eq4)

If we add (eq1) and (eq2), we have:

[tex]blue\ pleated + blue\ nonpleated = 5*gray\ pleated + 2*gray\ nonpleated[/tex] (eq5)

Using (eq3) and (eq4) in (eq5), we have:

[tex]333 = 2*225 + 3*gray\ pleated[/tex]

[tex]gray\ pleated = 117/3 = 39[/tex]

From (eq1), we have:

[tex]blue\ pleated = 5*39 = 195[/tex]

From (eq3), we have:

[tex]blue\ nonpleated = 333 - 195 = 138[/tex]

Answer:

88

Step-by-step explanation:

Find the perimeter of a rectangle whose length is (4a+b)cm and width (a+6)cm​

Answers

Answer:

P = 10a +2b+12

Step-by-step explanation:

P = 2 (l+w) for a rectangle

P = 2 ( 4a+b + a+6)

Combine like terms

P = 2(5a+b+6)

Distribute

P = 10a +2b+12

Answer:

Given below

Hope it helps

Step-by-step explanation:

Perimeter= 2(l+b)

= 2(4a+b+a+6)

= 2(5a+b+6)

= 10a+2b+12 cm^2

i’ve been stuck on this one

Answers

[tex]the \: right \: answer \: is \: of \: option \: a \\ please \: see \: the \: attached \: picture \: for \\ full \: solution \\ hope \: it \: helps \\ good \: luck \: on \: your \: assignment[/tex]

The slope of line p is _, and the slope of line Q is _.

Answers

Answer:

From the graph, the slope of line p is 3 and the slope of line q is -3.

a cuboid has length 4.2 m breadth 1.4 m and height 1.2 m . find the number of cubes each of lengh 20cm ,which canbe cut from the cuboid.

Answers

l= 4.2 m = 4.2 * 100 = 420 cm

b = 1.4 m = 1.4*100 = 140 cm

h =1.2 m =1.2 *100 =120 cm

Volume of cuboid = l*b*h =  420 * 140 * 120  = 705600 cubic cm

Volume of cube = a*a*a = 20*20*20 = 8000 cubic cm

No.of cubes = Volume of cuboid / volume of cube

      = 705600 / 8000 = 882 cubes

or  420*140*120 / 20*20*20 = 42*14*12/2*2*2 = 21*7*6 = 882 cubes

Please answer !!!!!!!!!!! Will mark brainliest !!!!!!!!!!!

Answers

Answer:

f ⁻¹ (-2)=3

f ⁻¹ (1)= 0

Step-by-step explanation:

inverse functions are switching x and f(x) coordinates so f ⁻¹ (-2)=3 and f ⁻¹ (1)= 0

16+12x-5x+4y-7 Simply the expression

Answers

Answer:

Combing like terms we get 7x + 4y + 9.

I tried doing it step by step hope it helps.

Karen is making a set of costumes for the school play using a piece of cloth. She reduces the length of the cloth she intends to use by 10%. If the initial length of the cloth that she wanted to use was 15 meters, what is the new length of the cloth she wants to use?

Answers

Answer:

The new length is 13.5 meters

Step-by-step explanation:

Here, we are interested in calculating the new length of the cloth she wants to use

What we know from the question is that she is making a reduction of 10% from an initial of 15 meters

Thus, the length she is to use can be calculated by first getting what 10% of 15 meters is

Mathematically, that would be ;

10/100 * 15 = 1.5 meters

We now subtract this from the total of 15 meters

= 15 meters - 1.5 meters = 13.5 meters

For lunch, Jack ate 1/4 of a pizza, which was twice as much as John ate. If Timmy ate 1/6 of a pizza more than the amount that Jack and John ate combined, then what fraction of a pizza did Timmy eat?

Answers

Answer:

Timmy ate 13/24 of the pizza.

Step-by-step explanation:

To solve this problem, first you need to know how much pizza Jack and John ate. We know that Jack ate 1/4 of the pizza, and that John ate half of that, so we know that John ate 1/8 of the pizza. Together, Jack and John ate (1/4 + 1/8), which equals 3/8 of a pizza. Next, we need to find how much of the pizza Timmy ate. We know that he has eaten 1/6 more of the pizza than Jack and John combined, so that would be 1/6 more than 3/8. To add 1/6 to 3/8, we need to have a common denominator. The lowest common denominator would be 24, so you would have 4/24 + 9/24. That equals 13/24, so we know that Timmy ate 13/24 of the pizza.

Put these in size order
5.6x10^-7
8.6x10^-9
5.6x10^-8

Answers

Answer:

Largest: [tex]5.6*10^{-7}[/tex]

Middle: [tex]5.6*10^{-8}[/tex]

Smallest: [tex]8.6*10^{-9}[/tex]

Step-by-step explanation:

Largest: [tex]5.6*10^{-7}[/tex] because -7 is the largest of the 3.

Middle: [tex]5.6*10^{-8}[/tex] because -8 is smaller than -7 but greater than -9

Smallest: [tex]8.6*10^{-9}[/tex] because -9 is the smallest of the 3

PLEASE HELP!! if f(x)= 2x^2-11, find f(4)

Answers

Answer: f(4) = 21

Step-by-step explanation:

2(4)^2-11

4^2 = 16

2(16)-11

Multiply 2 and 16

32 - 11

Subtract

21

Answer:

21

Step-by-step explanation:

f(x)= 2x^2-11

Let x= 4

f(4)= 2*4^2-11

    = 2 * 16 - 11

     = 32 -11

      21

Can someone please explain what I did wrong here? Thank you!

Answers

Answer:

you didn't do anything wrong who ever said you did is stupid

The answer is attached.

Florence Tyler invests $5000 in a 1-year CD that earns interest at an annual rate of 4% compounded monthly. The amount per $1.00 is 1.040742. What is the interest earned?

Answers

Answer:

$203.71

Step-by-step explanation:

Given;

Principal = $5,000

The amount per $1.00 is given as 1.040742

The total amount earned is equal to the product of the principal and the amount per dollar.

A = Principal × amount per dollar

Substituting the values;

A = $5000 × 1.040742

A = $5203.71

Interest earned = Total amount earned - principal

Interest earned = $5203.71 - $5000

Interest earned = $203.71

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