Colleen is 15 years from retiring. She opens an account at the Savings Bank. She plans to deposit
$10,000 each year into the account, which pays 1.7% interest, compounded annually.
a. How much will be in the account in 15 years?
b. How much interest would be earned?
Please put how to work it out!!!!

Answers

Answer 1

9514 1404 393

Answer:

  a) $169,234.59

  b) $19,234.59

Step-by-step explanation:

The first question you must answer is whether Colleen will earn interest on her first deposit in the first year. That is, does she deposit the money at the first of the year or the end of the year?

The usual "annuity" formula assumes the deposit is at the end of the year, so no interest at all is earned on the last deposit made. If the deposit is at the first of the year, an "annuity due" formula is used, that multiplies the entire ending account value by the annual multiplier, 1.017 in this case.

__

a) Assuming an "annuity", the formula is ...

  A = P((1 +r)^t -1)/r . . . . . for annual compounding at rate r for t years

  A = $10,000(1.017^15 -1)/0.017 = $169,234.59 . . . . ending balance

__

b) Colleen has made 15 deposits of $10,000, for a total of $150,000, so the amount of interest earned is ...

  $169,234.59 -150,000 = $19,234.59 . . . . interest earned


Related Questions

find the value of x showing your steps. identify the postulate that allowed you to solve for x.​

Answers

Answer:

x = 14

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

Equality Properties

Geometry

CongruencyAll angles in a triangle add up to 180°

Step-by-step explanation:

Step 1: Define

3(x + 7)° = 63°

3(x + 7)° + 63° + y° = 180°

Step 2: Solve for x

Divide 3 on both sides:                    x + 7 = 21Subtract 7 on both sides:                 x = 14

At time t ≥ 0, the velocity of a body moving along the s-axis is v = t² -5t +4. When is the body moving backwards

Check comments for multiple choice answers

Answers

Answer:

A

Step-by-step explanation:

The velocity of a moving body is given by the equation:

[tex]v=t^2-5t+4 ,\, t\geq0[/tex]

Is the velocity is positive (v>0), then our object will be moving forwards.

And if the velocity is negative (v<0), then our object will be moving backwards.

We want to find between which interval(s) is the object moving backwards. Hence, the second condition. Therefore:

[tex]v<0[/tex]

By substitution:

[tex]t^2-5t+4<0[/tex]

Solve. To do so, we can first solve for t and then test values. By factoring:

[tex](t-4)(t-1)=0[/tex]

Zero Product Property:

[tex]t=1, \text{ and } t=4[/tex]

Now, by testing values for t<1, 1<t<4, and t>4, we see that:

[tex]v(0)=4>0,\, v(2)=-2<0,\,\text{ and } v(5)=4>0[/tex]

So, the (only) interval for which v is <0 is the second interval: 1<t<4.

Hence, our answer is A.

what is the slope in the equations: y = 4x + 3

Answers

Using the slope-intercept form, the slope is 4

Answer:

4

Step-by-step explanation:

y = mx + b

m represents the slope, and as we can see in the equation, the number 4 is there instead of m, so therefore 4 is the slope

9/12 +3/12 =?
A. 1
B. 6/12
C. 11/12
D.1/2

Answers

9/12 + 3/12 = 12/12 = 1

Therefore, 1 is your answer.

Answer:

Solving [tex]\frac{9}{12}+\frac{3}{12}[/tex] we get 1.

Option A is correct answer.

Step-by-step explanation:

We need to solve [tex]\frac{9}{12}+\frac{3}{12}[/tex]

For solving fractions we need to take LCM of denominators.

The LCM of 12, 12 is 12

So, solving:

[tex]\frac{9}{12}+\frac{3}{12}\\=\frac{9*1+3*1}{12}\\=\frac{9+3}{12}\\=\frac{12}{12}\\=1[/tex]

So, solving [tex]\frac{9}{12}+\frac{3}{12}[/tex] we get 1.

Option A is correct answer.


19) Albert says that the two systems of equations shown have the same solutions.
FIRST SYSTEM
6x + y= 2
-x-y=-3
SECOND SYSTEMS
2x-3y = -10
-X-y= -3
A) Agree, because the solutions are the same
B) Agree, because both systems include -x-y= -3
C) Disagree, because the solutions are different
D) Cannot be determined

Answers

Answer:

option A) Agree, because the solutions are the same is correct.

Step-by-step explanation:

FIRST SYSTEM

[tex]6x + y= 2[/tex]

[tex]-x-y=-3[/tex]

solving the system

[tex]\begin{bmatrix}6x+y=2\\ -x-y=-3\end{bmatrix}[/tex]

[tex]\mathrm{Multiply\:}-x-y=-3\mathrm{\:by\:}6\:\mathrm{:}\:\quad \:-6x-6y=-18[/tex]

[tex]\begin{bmatrix}6x+y=2\\ -6x-6y=-18\end{bmatrix}[/tex]

adding the equation

[tex]-6x-6y=-18[/tex]

[tex]+[/tex]

[tex]\underline{6x+y=2}[/tex]

[tex]-5y=-16[/tex]

so the system becomes

[tex]\begin{bmatrix}6x+y=2\\ -5y=-16\end{bmatrix}[/tex]

solve -5y for y

[tex]-5y=-16[/tex]

Divide both sides by -5

[tex]\frac{-5y}{-5}=\frac{-16}{-5}[/tex]

simplify

[tex]y=\frac{16}{5}[/tex]

[tex]\mathrm{For\:}6x+y=2\mathrm{\:plug\:in\:}y=\frac{16}{5}[/tex]

[tex]6x+\frac{16}{5}=2[/tex]

subtract 16/5 from both sides

[tex]6x+\frac{16}{5}-\frac{16}{5}=2-\frac{16}{5}[/tex]

[tex]6x=-\frac{6}{5}[/tex]

Divide both sides by 6

[tex]\frac{6x}{6}=\frac{-\frac{6}{5}}{6}[/tex]

[tex]x=-\frac{1}{5}[/tex]

Therefore, the solution to the FIRST SYSTEM is:

[tex]x=-\frac{1}{5},\:y=\frac{16}{5}[/tex]

SECOND SYSTEM

[tex]2x-3y = -10[/tex]

[tex]-x-y=-3[/tex]

solving the system

[tex]\begin{bmatrix}2x-3y=-10\\ -x-y=-3\end{bmatrix}[/tex]

[tex]\mathrm{Multiply\:}-x-y=-3\mathrm{\:by\:}2\:\mathrm{:}\:\quad \:-2x-2y=-6[/tex]

[tex]\begin{bmatrix}2x-3y=-10\\ -2x-2y=-6\end{bmatrix}[/tex]

[tex]-2x-2y=-6[/tex]

[tex]+[/tex]

[tex]\underline{2x-3y=-10}[/tex]

[tex]-5y=-16[/tex]

so the system of equations becomes

[tex]\begin{bmatrix}2x-3y=-10\\ -5y=-16\end{bmatrix}[/tex]

solve -5y for y

[tex]-5y=-16[/tex]

Divide both sides by -5

[tex]\frac{-5y}{-5}=\frac{-16}{-5}[/tex]

Simplify

[tex]y=\frac{16}{5}[/tex]

[tex]\mathrm{For\:}2x-3y=-10\mathrm{\:plug\:in\:}y=\frac{16}{5}[/tex]

[tex]2x-3\cdot \frac{16}{5}=-10[/tex]

[tex]2x=-\frac{2}{5}[/tex]

Divide both sides by 2

[tex]\frac{2x}{2}=\frac{-\frac{2}{5}}{2}[/tex]

Simplify

[tex]x=-\frac{1}{5}[/tex]

Therefore, the solution to the SECOND SYSTEM is:

[tex]x=-\frac{1}{5},\:y=\frac{16}{5}[/tex]

Conclusion:

As both systems of equations have the same solution.

Therefore, we conclude that Albert is right when says that the two systems of equations shown have the same solutions.

Hence, option A) Agree, because the solutions are the same is correct.

Jamie wants to run 2 3/4 miles today. He has already run 1 1/4 miles. How much farther must he run to reach his goal?

Answers

Working out:
2 3/4 ー 1 1/4 = 1 2/4 = 1 1/2

Answer:
He needs to run 1 1/2 more miles.

Answer:

0 miles

Step-by-step explanation:

Just subtract 11/4 from 2 3/4

2 3/4 - 11/4 = 0

So, he doesn't need to run any more

In a flower basket, the ratio of red roses to white roses is 2 to 3. There are a total of 20 roses in the basket. How many red roses are in the basket?

Answers

Answer: 8 red roses are in the basket.
Explanation:
ratio is 2:3
let’s say red roses are 2x and white roses are 3x.
The total number of roses is 20, then, to find the number of red roses, write:
2x+3x= 20
5x=20
x=4
red roses are 2x
x=4,
hence, put 4 instead of x, and you will get 2*4= 8
Hope it helps!!!
If it does, then give click the brainliest button! thanks in advance!

Complete the proof.

Drag and drop the expression to correctly complete the proof of the polynomial identity (x−y)2+4xy=(x+y)2.

Answers

Answer:

See attached

Step-by-step explanation:

The proof is attached

Answer:

x^2-2xy + y^2 + 4xy = (x + y)^2

x^2 + 2xy + y^2 = (x + y)^2

(x + y)^2 = (x + y)^2

What is the solution to the inequality −2x+8<3(2x−4)?

Answers

Answer:

x>5/2

Step-by-step explanation:

Anastasia is grocery shopping list is 60% done and she only has 12 items, how many items does she have on the list?

Answers

Answer:

She has 20 items on the list

Step-by-step explanation:

Answer:

if she is 60% done shopping and has a total of 12 items, then the list will have 8 items left or 20 in total.

There are 12 basketball players on the team. In order to complete the main composition of the team for the
game, the coach can choose any 5 players from the team. How many different combinations of the main
compositions the coach can complete?

I get 792 but why is the answer 7.92. Kinda don't understand.

Answers

Step-by-step explanation:

We have been given that a basketball team has 12 players and the coach wants to pick which 5 players will start today's game.

We will use combinations formula to solve our given problem. , where,

n = Number of total items,

r = Number of items being chosen at a time.

Upon substituting our given values in combinations formula we will get,

Therefore, the coach can choose from 792 combinations

A dessert recipe calls for 2 1/2 cups of milk and makes 5 servings. How many cups of mild are needed for 8 servings

Answers

Answer:ok

Step-by-step explanation:

n   jjbjnujg6t6ugyg  ffvjnjg

Step-by-step explanation

knjjbvfghjk,mn cxsertyuj

Which expression represents
"thirty-eight less than the sum of forty and nineteen"?
A 38 – 40 + 19
® 38 - (40 – 19)
19+ (40 – 38)
D (40+ 19) – 38

Answers

Answer:

(40+ 19) – 38

Step-by-step explanation:

We need to find the expression for "thirty-eight less than the sum of forty and nineteen".

Sum of forty and nineteen = 40 + 19

38 less than the above is 40 + 19 - 38

Overall expression is :

(40 + 19) - 38

Hence, the correct option is (d) "(40+ 19) – 38".

Drag and drop each pair of lines into the correct category to indicate whether the pair of lines are parallel, perpendicular, or neither.
1/7x + y = 9; y = -7x
y = 3x - 3; 12x - 4y = 12
7y = 2x + 1; 14x + 4y = 12
x - 4y = 18; y = x + 4
3x - 4y = -1; 3y = -4x + 5
Parallel Perpendicular Neither​

Answers

Answer:

Step-by-step explanation:

(1). [tex]\frac{1}{7}[/tex] x + y = 9 and y = - 7x ( Neither ) ; lines intersect.

(2). y = 3x - 3; 12x - 4y = 12 ( Neither ) ; Lines are overlapped or both equation are of the same line.

(3). 7y = 2x + 1; 14x + 4y = 12 ( Perpendicular ) ; [tex]m_{1}[/tex] = [tex]\frac{2}{7}[/tex] and [tex]m_{2}[/tex] = - [tex]\frac{7}{2}[/tex] , slopes are opposite reciprocals.

(4). x - 4y = 18; y = x + 4 ( Neither ) ; lines intersect.

(5). 3x - 4y = - 1; 3y = - 4x + 5 ( Perpendicular ) ; [tex]m_{1}[/tex] = [tex]\frac{3}{4}[/tex] and [tex]m_{2}[/tex] = - [tex]\frac{4}{3}[/tex] , slopes are opposite reciprocals.

The equation y = 10x describes the amount of money Serena earns, where x is the number of hours she works and y is the amount of money she earns.
The table shows the amount of money Christine earns for different numbers of hours
worked.

Christine's Earnings
Time (h):
3 5 8 10
Money earned:
60 100 160 200

(a) How much money does Christine earn per hour? Show your work.

(b) Who earns more per hour? Justify your answer.

(c) Draw a graph that represents Christine's earnings over time in hours. Remember
to label the axes.

I WILL GIVE BRAINLIEST IF THEY ARE CORRECT AND ALL ANSWERS WERE ANSWERED!!!

Answers

Answer : Answer:

a) $10 per hour

b) Sandra

Step-by-step explanation: he equation y 10x describes the amount of money Sandra earns, where x is the number of hours she  works and y is the amount of money she earns

The table shows the amount of money Susan cams for different numbers of hours worked

Susan's Earnings

Time (h)           Money Earned

5                              40

8                              64                

10                             80

(a) How much money does Sandra eam per hour? Show your work

(b) Who earns more per hour? Justify your answer

Answer:

a)

y = 10x is sandra's equation. To find her hourly rate, we need to find how much she earns in "1" hour. Since x is hours, we plug in x = 1 and find y (which is her pay).

y = 10x

y = 10(1)

y = 10

$10 is Sandra's hourly rate.

b)

To find who earns more per hour, we need to find the hourly rate of Susan as well from the table. Then compare.

5 hours = $40 so per hour is 40/5 = 8

8 hours is 64, so per hour 64/8 = 8

10 hours is 80, so 80/10 = 8

The table is justified at $8 per hour.

We know Sandra earns $10/hr and Susan earns $8 per hour. So Sandra earns more per hour.

Who ever Answers first gets a good review

Answers

Answer:

Do we do all of them???

Step-by-step explanation:

Graham walked to school at an average speed of 3 miles an hour and jogged back along the same route at 5 miles an hour. If his total traveling time was 1 hour, what was the total number of miles in the round trip?

Answers

x/3 + x/5 = 1 hr

8x/15 = 1 hr

x = 15/8

15/8 times 2 for round trip. 15/4 miles or 3.75 miles total

please solve:
2(X+3)=8-3(x-4)
x-3(x-2)=3(2-x)
question from equation and inequality.​

Answers

Answer:

i) x = 2.8

ii) x = 2

what is 9/10 ÷ 3/5 will give brainlist

Answers

Answer:1.5

Step-by-step explanation:

Which expressions have an estimated value that is close to 9? Check all that apply. ​

Answers

Answer:

can you post a picture of the question?

Answer:

Hello There!

Step-by-step explanation:

Could you please put the answer choices/expressions? You can just write them in the comment section and I can edit this answer to help you out :)

Happy New Year

6. 1350 = 5 = find the quotient ​

Answers

Answer:

this question is of high school or collage

What is the equation of the line that passes through the points (-3, -2) and (1, 6)?

Answers

Answer:

y = 2x +4

Step-by-step explanation:

m = [tex]\frac{y_{2} -y_{1} }{x_{2} - x_{1} }[/tex]

y - [tex]y_{1}[/tex] = m ( x - [tex]x_{1}[/tex] )

~~~~~~~

(1, 6)

(- 3, - 2)

m = 2

y - 6 = 2 ( x - 1 ) <------ ( point-slope form )

y = 2x + 4  <------- ( slope-intercept form )

2x - y = - 4  <------ ( standard form )

X=number of hours
Y=number of tents made

X=0,1,2,3,4,5,6,7,8
Y=6,7,8,9,10,11,12,13,14

What is the slope? What does it represent?

Answers

Given:

X=number of hours

Y=number of tents made

Table of value.

To find:

The slope and its interpretation.

Solution:

Consider any two points from the table, i.e., (0,6) and (1,7).

The slope is

[tex]m=\dfrac{y_2-y_1}{x_2-x_1}[/tex]

[tex]m=\dfrac{7-6}{1-0}[/tex]

[tex]m=\dfrac{1}{1}[/tex]

[tex]m=1[/tex]

Therefore, the slope is 1 and it represent that the number of tents made are increasing by 1 units in each hour.

what is 33.7 divided by 9.5 equals ?

Answers

Answer:The answer is 3.5273684211

Step-by-step explanation:

I your round it up then it would be 3.5

Answer:

33.7/9.5 = 3.547368421...

Find the distance between the points (-12.3, 15.1) and (17.5, 2). Round your answer to the
nearest hundredth.

Answers

Answer:

32.55

Step-by-step explanation:

d = 32.552266

For:

(X1, Y1) = (-12.3, 15.1)

(X2, Y2) = (17.5, 2)

Distance Equation Solution:

d=(17.5−(−12.3))2+(2−15.1)2−−−−−−−−−−−−−−−−−−−−−−−−−√

d=(29.8)2+(−13.1)2−−−−−−−−−−−−−−−√

d=888.04+171.61−−−−−−−−−−−−−√

d=1–√059.65

d=32.552266

could be confusing.

Ann writes the inequality d ≤ 16, where d equals the number of days, to represent this scenario.

Answers

Answer:

Answer is C

Step-by-step explanation:

A scenario describing the inequality {d ≤ 16} is given below.

What is inequality?

An inequality compares two or more numbers or expressions with one another. For example -

2x + 4y > 7

2x + 5y < 6

Given is that Ann writes the inequality d ≤ 16, where { d } equals the number of days.

A scenerio to represent this inequality is -

" Mike was not able pay the rent for the past 2 months. His landlord had asked him to pay the total rent within the 16 days."

Therefore, we can represent the given inequality as a scenario mentioned above.

To solve more questions on inequality, visit the link below

https://brainly.com/question/29194803

#SPJ2

give two ways to write the expression as a phase for 15-b​

Answers

Answer:

((c)) man so simple. bye

Please I need help !!!!

Answers

Answer:

The first one is c the second is b

will give brainliest-----------

Answers

Answer: C

Step-by-step explanation:

1.25 + (- 0.75) is equal to 1.25 - 0.75.

1.25 is positive while - 0.75 is negative. So 1.25 is head toward the right while - 0.75 is head toward the left.

And when you substract them, you will get 0.5.  

So the answer is C.

Drag the simplified value into the box to match each expression.
23+1⋅4−3
20+10−4⋅2
3+52−6⋅4

Answers

Answer:

Step-by-step explanation:

9

3

4

Answer:

1. 9

2. 3

3. 4

Step-by-step explanation:

I have taken the test and got 100% on it so I hope this helped you!

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