How much will $1000 deposited in an account earning 7% interest compounded annually be worth in 20 years? (which formula do I use? I am confused...txs)

Answers

Answer 1

Answer:

$3870

Step-by-step explanation:

Hello, the initial deposit is $1000.

After one year, we will get 1000 + 7%*1000= 1000 * ( 1+7%) = 1000 * (1+0.07)

= 1000 * 1.07

And we want to compound it so the second year we will get

[tex]1000 * 1.07 * 1.07 = 1000 * 1.07^2[/tex]

And after n years, we will get

[tex]1000 * 1.07^n[/tex]

In that example, we want to know how much we will get after 20 years, so this is:

[tex]1000 * 1.07^{20}=3869.684462...[/tex]

Thank you.

Answer 2

When interest is compounded, it means that both the interest and the amount deposited will earn interest.

We are to determine the future value of $1000 with annual compounding.

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = amount deposited = $1000

R = interest rate = 7%

N = number of years = 20

$1000 x ( 1.07)^20 = $3,869.68

To learn more about compound interest, please check: https://brainly.com/question/14295570?referrer=searchResults


Related Questions

Answer is D , others say it’s 64 but I got it wrong

Answers

Answer:

Oh no I am sorry! If you want answers to be done the real way let me know

Answer:I'm so sorry for you but congrats you did get the answer right it's just the test I guess

Step-by-step explanation:

Is the following relation a function? (1 point) x y −1 −2 2 3 3 1 6 −2 No Yes

Answers

Answer:

Yes because no same x-value resulted in different y-values.

Answer:

Yes

Step-by-step explanation:

Question 1 (Multiple Choice Worth 4 points)
(08.01) Looking at the spread of your data best fits which step of the statistical process?

Answers

Answer:

The answer is "Analysis the information by chart and number processes".

Step-by-step explanation:

They already have articulated a query and also gathered information unless you are searching only at the distribution of your results. Those who are ready to analyze your results for all are there.

9x-5
14x+24
A
Determine the value of x.
1) x= -5.8
2) x= -7
3) x= 7
4) x= 32.2

Answers

Answer:

the answer to the question

is x=-5.8

The residents of a city voted on whether to raise property taxes. The ratio of yes votes to no votes was 6 to 5 . If there were 4545 no votes, what was the total number of votes?

Answers

Answer:

The total number of votes= 9999

Step-by-step explanation:

The ratio of vote specifically the ratio of yes to no vote in a city vote is 6 to 5.

There is a total of 4545 no votes.

Yes/no = 6/5

Yes= no(6/5)

Yes= 4545(6/5)

Yes= 5454

The total number of yes votes are 5454.

The total number of votes= yes votes+ no votes

The total number of votes= 5454+4545

The total number of votes= 9999

Combine like terms. What is a simpler form of each expression? 4c-4d+8c-3d

Answers

Answer:

12c-7d

Step-by-step explanation:

[tex]4c-4d+8c-3d=0\\4c+8c=3d+4d\\12c=7d\\12c-7d[/tex]

Answer: 12c-7d

===============================================

Explanation:

The terms 4c and 8c are one pair of like terms that combine to 4c+8c = 12c. We add 4 and 8 to get 12, then tack a 'c' at the end

The other pair of like terms are -4d and -3d. They combine to -7d for similar reasoning.

12c and -7d are not like terms, so we can't combine them and we stop here.

-----------

One way to think of combining like terms is consider simplifying 2c+3c. You could say that 2c represents having 2 cups while 3c is having 3 cups. Writing 2c+3c means we start with 2 cups and add on 3 more getting a total of 2+3 = 5 cups. Symbolically we would then write 5c. Therefore 2c+3c = 5c.


Helppppp thxxxxxxxxxx

Answers

Answer:

F. [tex] \frac{3}{2} [/tex]

Step-by-step explanation:

[tex] \frac{a + 2b}{b} = \frac{7}{2} [/tex]

Cross multiply:

7b= 2(a +2b)

Expand:

7b= 2a +4b

Bring all common variables to 1 side:

7b -4b= 2a

3b= 2a

divide by 2 on both sides:

[tex] \frac{3}{2} b = a[/tex]

divide by b on both sides:

[tex] \frac{3}{2} = \frac{a}{b} \\ \frac{a}{b} = \frac{3}{2} [/tex]

Is 100 a good estimate for the difference of 712 and 589? If it is, explain why it is a good estimate. If it is not, explain why it is a bad estimate.

Answers

It is a bad estimate because the gap between 712 and 589 is clearly (if you were just estimating in hundreds) would be 200

200 would be a better guess

Find the area of a triangle whose two sides are 12 inches and 14 inches long, and has a perimeter of 34 inches. A. 23.24 in² B. 47.91 in² C. 24.74 in² D. 79.84 in²

Answers

Answer:

C

Step-by-step explanation:

That makes the third side 8 inches. Bc 34 -12 -14 = 8.

There's a formula that gives you the area of a triangle with all three sides.

It's kinda long so I won't write it out but it uses the semi-perimeter and it's called heron's formula if you want to search it up.

I just plugged the values into Heron's formula calculator.

The answer is around 47.906158268014, so C.

Area of the triangle is  [tex]47.91 \ in^{2}[/tex].

What is area of triangle?

The area of a triangle is defined as the total space occupied by the three sides of a triangle in a 2-dimensional plane.

Given

Perimeter  = 34

Two sides of the triangle = 12, 14

Third side of the triangle  = Perimeter - 12 - 14

= 34 - 12 - 14

= 8 inches

According to the figure, using Pythagoras theorem

[tex]h^{2}=8^{2} -x^{2}[/tex]

[tex]h^{2}=12^{2} - (14-x)^{2}[/tex]

[tex]8^{2} -x^{2} =12^{2} -(14-x)^{2}[/tex]

[tex]64-x^{2} =144-196+28x-x^{2}[/tex]

[tex]28x=116[/tex]

[tex]x=4.14[/tex]

So, [tex]h^{2} =8^{2} -4.14^{2}[/tex]

[tex]h^{2} =64-17.15[/tex]

[tex]h=6.844[/tex]

So, the area of the triangle  = [tex]\frac{1}{2} \times 14 \times 6.844[/tex]

= [tex]47.91 \ in^{2}[/tex]

Area of the triangle is  [tex]47.91 \ in^{2}[/tex].

Find out more information about area of the triangle here

https://brainly.com/question/22964077

#SPJ2

Find the next term of the sequence.
16, 9, 2, -5,

Answers

Answer:  The next term is -12.

Step-by-step explanation:

16,9,2,-5  

Looking at these numbers to go from 16 to 9 you will add -7 or subtract 7 . The same way you subtract 7 from 9 to get 2  and subtract 7 from 2 to get -5.

So to determine the next term subtract 7 from -7   or add -7.

-5 - 7 = -12

0r  -5 + -7 = -12  

[tex] &#128075 [/tex] Hello ! ☺️

Step-by-step explanation:

Find the next term of the sequence.

Let us find the interval between two successive terms:

16 - 9= 7

-7 is therefore the common différence of this sequence. (d)

Find the next term :

-5 + (-7)= -12

[tex]\boxed{\color{gold}{N = -12}} [/tex]

[tex]<marquee direction="left" scrollamount="2" height="100" width="150">&#x1F498;Mynea04</marquee>[/tex]

While you can use the correlation coefficient as its own test statistic, what is the other appropriate test statistic often used to examine the significance of a correlation

Answers

Answer:

T-test

Step-by-step explanation:

Significance of correlation between two variables x and y measures the strength and direction of their relationship. This is used to make future forecasts of the behaviour of a variable under study.

Correlation coefficient can be used to measure significance of correlation, but we can also use the t-test.

T-test is a statistics that is inferential. It measures the significance of difference between the means of two groups.

T-test is the statistic of choice when carrying out hypothesis testing.

T distribution values and degrees of freedom are used to determine statistical significance.

For example the means of two samples can be compared to determine of the come from the same population

2(3+ ‐ 4)(7‐3)÷(2‐ ‐2)​

Answers

the answer is 2 hopefully I answered your question in time

For his phone service, Ivan pays a monthly fee of $25, and he pays an additional $0.07 per minute of use. The least he has been charged in a month is $103.82.
What are the possible numbers of minutes he has used his phone in a month?
Use m for the number of minutes, and solve your inequality for m.

Answers

Answer:

25+(0.07xm)=103.82      m=1126

Integrate[Exp[Power[sinx,2]]sin2x,x]

Answers

Answer:

e^{sin²x}+c

Step-by-step explanation:

[tex]\int e^{sin^2x} sin 2x dx=?[/tex]

is this statement?

if so

then

[tex]put~sin^2x=t\\differentiate\\2 sin ~x~cos~x~dx=dt\\sin~2x ~dx=dt\\\int e^t~dt=e^t+c\\=e^{sin^2x}+c[/tex]

The energy E (in ergs) released by an earthquake is approximated by log E= 11.8 + 1.5M. Where M is the magnitude of the earthquake. What is the energy released by the 1906 San Francisco quake, which measured 8.3 on the Richter scale? This energy, it is estimated, would be sufficient to provide the entire world's food requirements for a day. Answer in ergs.

Answers

Answer:

[tex]\large \boxed{3.4 \times 10^{10}\text{ ergs }}[/tex]

Step-by-step explanation:

[tex]\begin{array}{rcl}\log E & = & 11.8 + 1.5M\\& = & 11.8 + 1.5 \times 8.3\\& = & 11.8 + 12.45\\& = & 24.25\\E & = & e^{24.25}\\& = & \mathbf{3.4 \times 10^{10}} \textbf{ ergs}\\\end{array}\\\text{ The energy released was $\large \boxed{\mathbf{3.4 \times 10^{10}}\textbf{ ergs }}$}[/tex]

square root of 49/64 answered as a fraction

Answers

Answer:

Hey there!

That would be 7/8

Let me know if this helps :)

An equation for the depreciation of a car is given by y=A(1-r)t where y=current value of the car.A=original cost r=rate of depreciation and t=time in years. The value of a car is half what it originally cost. The rate of depreciation is 10%. Approximately how old is the car?

Answers

Answer: Approximately 6.58 years old

The more accurate value is 6.57881347896059, which you can round however you need. I picked two decimal places.

==================================================

Explanation:

Let's pick a starting value of the car. It doesn't matter what the starting value, but it might help make the problem easier. Let's say A = 1000. Half of that is 1000/2 = 500.

So we want to find out how long it takes for the car's value to go from $1000 to $500 if it depreciates 10% per year.

The value of r is r = 0.10 as its the decimal form of 10%

t is the unknown number of years we want to solve for

---------------------------

y = A(1 - r)^t

500 = 1000(1 - 0.1)^t

500 = 1000(0.9)^t

1000(0.9)^t = 500

0.9^t = 500/1000

0.9^t = 0.5

log( 0.9^t ) = log( 0.5 )

t*log( 0.9 ) = log( 0.5 )

t = log( 0.5 )/log( 0.9 )

t = 6.57881347896059

Note the use of logs to help us isolate the exponent.

i will rate you brainliest// What is the interquartile range (IQR) of {5.8, 8.5, 9.9, -0.8, -1.3, 2.3, 7.4, -1.9}?

Answers

Answer

arrange the element in increasing order

-1.9, -1.3, -0.8, 2.3, 5.8, 7.4, 8.5, 9.9

interquatile = Q3 - Q1

[tex] = \frac{7.4 + 8.5}{2} - \frac{ - 1.3 - 0.8}{2} [/tex]

[tex] = 7.95 + 1.05[/tex]

[tex] = 9[/tex]

Answer:

9.0

Step-by-step explanation:

i took the quiz

Find the value of x.
A. 3
B. 9
C. 0
D. 12

Answers

Answer:

x=3

Step-by-step explanation:

(segment piece) x (segment piece) =   (segment piece) x (segment piece)

3x(x+1) = 4x(x)

Divide each side by x

3x(x+1)/x = 4x(x)/x

3(x+1) = 4x

Distribute

3x+3 = 4x

Subtract 3x

3x+3-3x= 4x-3x

3 =x

Answer:

x = 3

Step-by-step explanation:

0 is a rediculas answer 9 and 12 are to big.

The lines are supposed to have a simular length:

3(3) + 4 = 13

4(3) + 3 = 15

These are the best answers that fit.

HELP PLZ A circle inscribed in a triangle:

Answers

Answer:

The answer is the second photo.

Step-by-step explanation:

It's literally a circle in a triangle. So, it's the second one.

An initial deposit of $10000 is left in account for 5.5 years at 3.6% interest compounded continuously. What is the
final value of the account to the nearest dollar after the 5.5 years?

Answers

Answer:

11980

Step-by-step explanation:

This is simple interest.

We use the formula i=prt. Interest = price x rate x time

You just plug in your numbers, 10000 is your price, 5.5 years is the time, and 3.6% interest is rate.

Now our equation looks like this: i = 10000 x 5.5 x 0.036

(i converted the percent to a decimal)

So the interest is 1980, but the question asks for the final value, so we add the interest to the initial deposit, 1980 + 10000, and we get 11980 for our final value.

I apologize if my answer is wrong, but if it isn't I hope I helped :)

9514 1404 393

Answer:

  $12,190

Step-by-step explanation:

The formula for the balance in an account where continuous compounding occurs is ...

  A = Pe^(rt) . . . . where P is the principal invested at annual rate r for t years

  A = $10,000e^(0.036·5.5) = $10,000e^0.198

  A ≈ $12189.62 ≈ $12,190 . . . . rounded to the nearest dollar

To measure Monarch butterfly migration,
scientist tag and release 100 butterflies in
Kansas and Missouri before traveling to
Mexico. While in Mexico, the same
scientist captured another 100 butterflies
of which 15 are tagged. Based on this
information, how many butterflies would
you predict start in Kansas and Missouri
and migrate to Mexico?

Answers

the answer is 667.

100/x = 15/100

it’s a proportion so you cross multiply. after cross multiplying you get 15x = 10,000. divided both sides by 15 and you get x = 66.6 (continuation of the 6). since it’s repeating, round it and you get 667.

by the way this is actually one of my homework questions for today ;)

The predicted number of butterflies that starts from Kansas and Missouri and migrate to Mexico is 667.

The Aim of the experiment is to measure the Monarch butterfly migration

number of butterflies tagged and released in Kansas and Missouri = 100 number of tagged butterflies captured in Mexico = 15 Let the number of butterflies that start from Kansas and Missouri and end in Mexico = x

Predicting the number of butterflies

= [tex]\frac{100}{x} = \frac{15}{100}[/tex]

= [tex]15x = ( 100 * 100)[/tex]

∴ x( predicted value ) = [tex]\frac{10000}{15 } = 667[/tex]

hence the approximate value of the number of butterflies that migrate to Mexico from Kansas and Missouri is  667

learn more about migration : https://brainly.com/question/23903333


On dividing polynomial p(x) by a linear binomial, X - a, we get a quotien
statements must be proven true for the remainder theorem to be true

Answers

Answer:

Step-by-step explanation:

Hello, we can write

(1) p(x)=(x-a)q(x)+r

[tex]\boxed{\sf v}[/tex] True

It means that p(a)=0 * q(a) + r = r

so the first one is true.

[tex]\boxed{}[/tex] False

The second one is not to be proven true from the remainder theorem.

[tex]\boxed{\sf v}[/tex] True

For x different from a we can divide the equation (1) by (x-a).

[tex]\boxed{}[/tex] False

We cannot say anything on q(a).

[tex]\boxed{\sf v}[/tex] True

If the rest is 0 then it means that p(a) = 0

[tex]\boxed{\sf v}[/tex] True

If p(a) = 0 it means that the rest r = 0 and then p(x)=q(x)(x-a)

Thank you

I really need help please answer!

Answers

Answer:

-2, b, a+c

Step-by-step explanation:

Answer:

-2, b, a+c

Step-by-step explanation:

By looking at where A and C are on the number line, we can tell that A is a negative number close to zero and C is a positive number a little greater than four. This means that if we add the two together, we'll get a positive number a little below four.

By looking at the number line, we can tell that the value of B is a positive number a little below the number three.

Now that we know that B is less than A+C, and we know where -2 is on the number line (two marks to the left of zero) we can decide the least to greatest values.

Since negatives are always less than positives, we know that -2 has the smallest value. Next, we know that B is lower on the number line than A+C. So, in order, from least to greatest, the answer is:

-2, B, A+B

Hope this helps!! <3 :))

Is {(4,2),(4,-2),(9,3),(9,-3)} a function

Answers

Answer:

  no

Step-by-step explanation:

If any x-value is repeated, the relation is not a function. Both x=4 and x=9 are repeated values, so this relation is not a function.

Triangles ABC and DEF are similar. Find the missing angles.

Answers

Angle A and D are similar
Angle B and E are similar
Angle C and F are similar

So this means they have congruent angles, meaning whichever angles are similar the angles will also be similar.

So since angle A is 62 degrees, angle D is 62 degrees too.

Since angle E is 80 degrees, angle B has to be 80 degrees as well.

All triangles add up to 180 degrees, so to find the angle measure of angle C and F, do:

180-(62+80)
180-142
= 38 degrees

So angles C and F are 38 degrees

Conclusion:
angles A and D: 62 degrees
angles B and E: 80 degrees
angles C and F: 38 degrees

what is the area of rectangle

Answers

Answer:

Step-by-step explanation:

The mean salary of federal government employees on the General Schedule is $59,593. The average salary of 30 state employees who do similar work is $58,800 with \sigmaσσ= $1500. At the 0.01 level of significance, can it be concluded that state employees earn on average less than federal employees? What is the critical value? Round your answer to the nearest hundredths.

Answers

Answer:

Yes it can be concluded that state employees earn on average less than federal employees

  The critical value is  [tex]Z_{\alpha } = - 2.33[/tex]

Step-by-step explanation:

From the question we are told that

   The  population mean is  [tex]\mu = \$ 59593[/tex]

   The sample size is  n =  30

    The  sample mean is [tex]\= x = \$ 58800[/tex]

     The  standard deviation is  [tex]\sigma = \$ 1500[/tex]

     The significance level is  [tex]\alpha = 0.01[/tex]

   

The null hypothesis is  [tex]H_o : \mu = \$ 59593[/tex]

 The  alternative hypothesis is  [tex]H_a : \mu < \$ 59593[/tex]

The critical value of [tex]\alpha[/tex] from the normal distribution table is  [tex]Z_{\alpha } = - 2.33[/tex]

 Generally the test statistics is  mathematically evaluated as

            [tex]t = \frac{\= x - \mu}{ \frac{ \sigma }{ \sqrt{n} } }[/tex]

=>         [tex]t = \frac{ 58800 - 59593 }{ \frac{ 1500 }{ \sqrt{30} } }[/tex]  

=>          [tex]t = -2.896[/tex]

The  p-value is obtained from the z-table

   [tex]p-value = P(t < -2.896) = 0.0018898[/tex]

Since [tex]p-value < \alpha[/tex] , we reject the null hypothesis, hence it can be concluded that state employees earn on average less than federal employees  

   

6(2+5)-2^2x2(9/3)+10/5

Answers

Answer:

The answer is 20

Step-by-step explanation:

Help me please…………………….

Answers

Answer:

8.7

Step-by-step explanation:

If you like my answer mark me brainliest

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