Your parents give you $10,000. You place it in an account that pays 6.1% annual interest compounded continuously. How much will you have in 20 years? Round the answer to the nearest dollar.

Answers

Answer 1

Answer:

$22,200 over all

Step-by-step explanation:

Answer 2

The compound interest after 20 years is $22700.

What is compound interest?

Compound interest is the interest you earn on interest. Compound interest is the interest calculated on the principal and the interest accumulated over the previous period.

For the given situation,

The principle, p = $10,000

Rate of interest, r = 6.1% = 0.061

Compounded continuously, n = 1

Number of years, T = 20

The amount formula of compound interest is

[tex]A=p(1+\frac{r}{n} )^{T}[/tex]

On substituting the above values,

⇒ [tex]A=10000(1+\frac{0.061}{1} )^{20}[/tex]

⇒ [tex]A=10000(1.061)^{20}[/tex]

⇒ [tex]A=32681.9[/tex] ≈ [tex]32682[/tex]

The compound interest can be calculated as

[tex]CI=A-P[/tex]

⇒ [tex]CI=32682-10000[/tex]

⇒ [tex]CI=22682[/tex] ≈ [tex]22700[/tex]

Hence we can conclude that the compound interest after 20 years is $22700.

Learn more about compound interest here

https://brainly.com/question/13155407

#SPJ2


Related Questions

Find the value of 4!
O A. 24
O B. 16
O C. 12
O D. 10

Answers

Answer:

A) 24

Step-by-step explanation:

4!

4 x 3 x 2 x 1

24

Daniella earns a 7.5% commission on everything she sells at the electronics store where she works. How much did she earn last week if she sold $3,500 in electronics merchandise

Answers

Answer:$262.50

Step-by-step explanation:3500x.075=262.5

Please help me ASAP!!!
A circular pizza has a diameter of 16 inches. Each slice of pizza has a central of angle 45°. What is the area of each slice of pizza?

A. 3.1 in²
B. 6.13 in²
C.25.1 in²
D. 100.5 in²

I know that the area is 8π² I just don't know which answer choice it is.

Answers

Answer:

C.

Step-by-step explanation:

Radius = 16 ÷ 2 = 8

[tex]\frac{45}{360} *8^2*\pi =25.1[/tex] (3sf)

You can first find the total area of the circle which is [tex]64\pi[/tex].

Then, you can find the area of the slice of the pizza, if you take the ratio of the angle it creates with the total angle of a circle (360.)

For example, a semicircle's are would be  [tex]\frac{180}{360} *8*\pi[/tex].

Answer:

C. 25.1 in²

Step-by-step explanation:

Hope this helps

pleasssseee helpppppp ill give brainly (if you send a link ill report you)

Answers

Answer:

sorry i am trying but i don't know what to do

Step-by-step explanation:

Answer:

The answer is 10.4 :)

Step-by-step explanation:

125 + 5 x 10.4 will give you your 180 degree angle, therefore 10.4 should be the correct answer! Hope I could help <3

Help please, I’ll give you brainliest

Answers

Answer:

12

Step-by-step explanation:

24. A total of 540 beads are shared in the ratio 4:5. The LARGER share of beads is
(A)60
(B) 240
(C) 300
D)432​

Answers

Answer:

C

Step-by-step explanation:

PLSSS HELP (What are the square roots of 25?)

Answers

Answer:

5

Step-by-step explanation:

5*5=25

Answer:

The square root of 25 is 5, -5

Step-by-step explanation:

5 minuets left plz help

Answers

Answer:

I don't know this one exactly but I believe it would be 90 since the plot isn't moving a lot, it's not really an exact answer but I believe that one would be right!

Step-by-step explanation:

10.What kind of circle would you need and which direction would the arrow go if you graph x < 1.5 on a number line?

closed circle, arrow goes right

open circle, arrow goes right

closed circle, arrow goes left

open circle, arrow goes left

Answers

open circle, arrow goes left

Mr. Mastrogiacomo is testing the hypothesis that the proportion of households in a large town that have high-speed internet service is equal to 0.7 against the alternative that the proportion is different from 0.7. What is the chief advantage of using a confidence interval to test this hypothesis rather than a significance test

Answers

Step-by-step explanation:

You can use a confidence interval (CI) for hypothesis testing. In the typical case, if the CI for an effect does not span 0 then you can reject the null hypothesis. But a CI can be used for more, whereas reporting whether it has been passed is the limit of the usefulness of a test.

Find the measure of the indicated angle to the nearest degree

Answers

Answer:

A) 18°

Step-by-step explanation:

To find the measure of the indicated angle, we can use trigonometric ratios.

Looking at the triangle, we can see that we are given the lengths of the two legs of the triangle, but not the hypotenuse. Since we are not given the hypotenuse, the sine and cosine ratios would not work since both of them require the length of the hypotenuse. We can use the tangent ratio, since it only requires the lengths of the two legs. Remember:

[tex]tan(?)=\frac{opposite}{adjacent}[/tex]

From looking at the image, we can see that the length of the side opposite to the angle is 3, and the length of the side adjacent to the angle is 9. Thus, we can use 3 as out opposite and 9 as out adjacent:

[tex]tan(?)=\frac{3}{9}[/tex]

Now we solve for ?. Lets take the inverse tan of both sides to get rid of the tan on the left side:

[tex]?=tan^{-1}(\frac{3}{9})[/tex]

And we get:

? ≈ 18.4349488° ≈ 18°

So the answer would be 18°, or A.

I hope you find my answer to be helpful. Happy studying.

Work out 69% of 102.16m
Give your answer rounded to two Decimal Place

Answers

Answer:

70.49

Step-by-step explanation:

Finding the percent of a number is the same as multiplying the number by the percent in decimal form. In other words, diving the percent by (100) and then multiplying the reuslt by the number one wants to find the percent of.

69% of 102.16

= (69 / 100) * 102.16

= 0.69 * 102.16

= 70.4914

~ 70.49

Answer:

70 ( to 2.d.p)

Step-by-step explanation:

[tex]69\% \:of \:102.16m\\\\\\\mathrm{Convert\:}69\%\mathrm{\:into\:a\:decimal\:\\and\:multiply\:by\:}102.16\\69\%\:=\frac{69}{100}\\=0.69\\\\\mathrm{Multiply\:}0.69\mathrm{\:by\:}102.16\\\\=0.69\times\:102.16\\\\=70.4904\\\\=70[/tex]

please help me and i need the solving to
thank you

Answers

Answer:

<2 would also be 55°

Step-by-step explanation:

this is because the angles are congruent. but im not 100% sure

Point F is located at (3, 4) on a coordinate plane. If Point F is reflected across
the x-axis to create Point F', what will the coordinates of F be?

Answers

(-3,4)
Is
The
Correct answer

Find the slope of the line that passes through the following points: `\left(\frac{2}{5},\frac{2}{3}\right)\ \ \left(-\frac{4}{9},\frac{3}{5}\right)` Show the work/explain!

Answers

Answer:

3/50

Step-by-step explanation:

Slope m = y2-y1/x2-x1

From the coordinate

x1 = 2/5, y1 = 2/3, x2 = -4/9 and y2 = 3/5

Substitute;

m = (3/5 - 2/3)/-4/9-2/3

m = (9-10/15)/(-4-6/9)

m = -1/15/-10/9

m = -1/15 * -9/10

m = 9/150

m = 3/50

Hence the slope of the line passing through the points is 3/50

What is the product of w - 3 and w^2 + 8w + 1

Answers

Answer:

− 3 w 2 + 9 w + 1

PLZ I NEED HELP NOW!!!!!!!

Answers

Answer:

D

Step-by-step explanation:

Answer:

20 divided by 2 = 10

10 x 1/4 = 10/4 = 2 2/4 = 2 1/2

John has 8 different flags that he wants to hang on the wall. How many different ways can the flags be arranged in a row?

Answers

Answer:

40,320 different ways

Step-by-step explanation:

Here, we want to arrange 8 flags in a row

In the row, there will be 8 places

The first place has 8 flags to be chosen from

The second place has 7 and like that

So mathematically, the number of ways that we can arrange the flags is 8 factorial ways

We have this as:

8! = 40,320 different ways

What is the solution to the proportion?
3/7 = w/42

Answers

6 x 7 = 42
3 x 6 = 18
so w = 18

Answer:

                 

Step-by-step explanation:

I'M GIVING BRAINLIEST TO WHOEVER ANSWERS ALL OF THE QUESTIONS CORRECTLY! PLEASE HELP ME :D

Answers

Answer:

1. 68

2. 22

3. 9

4. 7

Step-by-step explanation:

hahsidijdkejeje

You have a triangle with one 70 degree angle and one 40 degree angle. What is the measure of the other angle? A) 40 degrees B) 70 degrees C) 60 degrees D) 180 degrees

Answers

Answer:

B) 70 degrees

Step-by-step explanation:

The sum of angles in a triangle = 180 degrees

We are given 2 angles in the triangle = 70° and 40°

The measure of the third angle is

180° = 70° + 40° + 3rd Angle

3rd Angle = 180° - ( 70° + 40°)

= 180° - 110°

= 70°

The measure of the other angle is 70°

Option B is the correct option.

I really need help ASAP and I only have 2 left of missing assignments on math and I am really bad at math and I am going to fail help me plzzzzz T^T continue

It's Homework #1: Odds

Answers

6 ) White
5 ) Not sure but my guess would be “B” don’t take my word on this one tho

Answer:

1/5 ; 7/10

Step-by-step explanation:

1) We have 10 letters, G and B are two letters, so the answer is 2/10, that can be simplify in 1/5

2) we have 7 parts black or white. The total parts are 10, so the answer is 7/10


Part A: How many solutions does the pair of equations for lines A and B have?
Explain your answer. (5 points)
Part B: What is the solution to the equations of lines A and B? Explain your answer.
(5 points

Answers

It has one solution since they cross at one point
The solution is (3,5) because that is where the lines meet meaning they both have the same solution at that point.

a swimming pool is 8 m long 8 m wide 8 m deep the water resistant paint needed for the pool cost $6 per meter what is the surface area of the pool that needs to be painted​

Answers

Answer:

Two walls are 6*2

Multiply, add the products, round UP and multiply times 6.

NOTE: Why round up? because if you need, for example, 1.22 gallons, you have to get 2 gallons. If you buy just 1 you'll be short, and you can't buy 0.22 of a gallon.

Make x the subject of the formula
X + p = q​

Answers

Answer:

p+q=x

Step-by-step explanation:

pls help ill give brainliest if correct

no scams or links

Answers

Answer:

3rd one. Amsterdam is the same distance from sea level as Drachten.

Step-by-step explanation:

because Amsterdam is 2 below, and drachten is 2 above, but they are both 2 meters away from the sea level.

You are working on a banner for Friday's pep rally. The length of the banner is 3 times the width. The length is 15 feet. What is the width?​

Answers

Answer:

5 feet

Step-by-step explanation:

15/3 = 5

Your answer is going to be 5ft

If Sally has 8 apples and she cuts them up and put them in the blender and drinks it
an throws it up and gives it to her friend what is the simplified
proportional divided by 3 if its blue?
___________________________________________________________JK XD
I'm tryna learn 7 Languages would anybody be willing to teach me?
1.Korean
2.Japanese
3.Spanish
4.Portuguese
5. Haitian Kreole
6. French
7. Cantonese ( If possible that's more harder than the math question I gave you)
____________________________________________________
Grades are coming soon i'm stressed what 65 x 89 - 9 + 7?

Answers

Answer:

What a question

Step-by-step explanation:

I speak Thai but doubt I can teach you

Answer:

5783 and 8/3

Step-by-step explanation:

65 x 89 - 9 + 7 then simplify and came up with 5783. and for the main question the answer is 8/3.and I only know little bit about Spanish only sorry here is all that I know about Spanish Uno is one in Spanish Dos is two on Spanish Tres is three in Spanish Cuatro is four in Spanish Cinco is five in Spanish Seis is six in Spanish Siete is seven in Spanish Ocho is eight in Spanish Nueve is nine in Spanish Diez is ten in Spanish and also Hola is hi and hello in Spanish and last but not least Amigos is friends in Spanish. oh in Thai hello is Sawadee.

NEED HELP ASAP
Camille runs every morning before school. On Monday, she ran 2.36 miles. On Tuesday, she ran 4.88 miles. On Wednesday, she ran 3.19 miles. After she ran on Thursday, her total mileage for the week was 12.81 miles. How many miles did she run on Thursday?

Answers

Answer: 2.38

Step-by-step explanation:

Okay so first you add up all the mileage from Monday-Wednesday. After you do that, subtract that number from 12.81 which will give you your answer

Hope this helps :)

Finish solving the equation -13y + 33 = 7.

Answers

Answer:

y = 2

Step-by-step explanation:

-13y + 33 = 7

add -13y to each side of the equation:

33 = 13y + 7

subtract 7 from each side:

13y = 26

divide both sides by 13:

y = 2

-13y + 33 = 7
-13y = 40
y = -3.0769
Other Questions
(9 x 10^6) + (8 x 10^{-4}) A solution contains some or all of the ions Cu2+, Al3+, K+, Ca2+, Ba2+, Pb2+, and NH4+. The following tests were performed, in order, on the solution.Addition of 6 M HCl produced no reaction.Addition of H2S with 0.2 M HCl produced a black solid.Addition of (NH4)2S produced a white solid.Addition of (NH4)2HPO4 in NH3 produced no reaction.The final supernatant when heated produced a purple flame.Identify which of these ions were present in the solution, which were absent, and for which ones no conclusions can be drawn. The Great Salt Lake is located in the area called the__________________.Great ValleyGreat BasinGreat RiverGreat Plateau Hal put $3000 into a savings account that earns 6% interest. After 6 years, what will be the total amount of money in his savings account?Explain for BRAINLIST. what is the connection between capitalism and imperialism? Type a digit that makes this sentence true !!! Solve for x in the equation x2 + 4x-4-8. O x= -6 or x = 2 O x--2+/- 2_/2 O x=-2 or x = 6 O x-2+/-2_/3 3 identify what happens in the atmosphere.will get brainlist!(sorry for the subject btw). Why would people want to move to Texas after the Civil War? Will give brainlst Have a nice day Can yall help with geo? Can you help me solve this question In soccer which is the most important the shoulder or elbow? (In a injury situation) Why give me three reasons? In STU, the measure of U=90, the measure of S=16, and TU = 5.9 feet. Find the length of ST to the nearest tenth of a foot. In a bowl, there are gum balls. There are 5 red, 7 blue, 3 yellow and 11 purple.What is the ratio of the following?10. Purple to Red _____11. Blue to Yellow _____12. Yellow to Red _____13. Purple to Blue _____A. 11 to 5B. 11 to 7C. 3 to 5D. 7 to 3 Can someone please help me it would warm my heart pleaseShould children be detained and sent home even after experiencing violence in their home countries? Should children be allowed to become US citizens to escape violence PLEASE HURRY PLEASE :( Which category best describes the group of shapes Square root of 64. Yo what anime should I watch What does guinda mean