How much would you need to deposit in an account now in order to have $3000 in the account in 10 years? Assume the account earns 5% simple interest. Round your answer to the nearest cent.​

Answers

Answer 1

The amount to be deposited for 10 years is $2000.

Given that,

Simple interest  is 5%

The amount to be in the account is $3000

The time period is 10 years.

The formula associated with these values is

A = P(1+rt)

where A = amount after 10 years

P = amount to be deposited in the account

r = rate of interest

t = time period

By applying the formula,

3000 = P (1+ (5% × 10))

3000 = P (1+ (0.05 × 10)

3000 = P (1 + 0.5)

3000 = P (1.5)

P = 3000/1.5

P = 2000 $

Therefore, $2000 should be deposited in an account in order to have $3000 in the account after 10 years.

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Related Questions

Gabe goes to the mall. If c is the number of items he ​bought, the expression 18.29c+23 gives the amount he spent in dollars at one store. Then he spent 21 dollars at another store. Find the expression which represents the amount Gabe spent at the mall. Then estimate how much Gabe spent if he bought 7 items.

Answers

The expression which represents the amount he spent at the mall and the estimate of how much Gabe spent if he bought 7 items are:

1. 16.62d + 26 = m  2. $152.34

How to find the answer?

For the first part of the question, you put the unknown variable multiplied by 16.62.

Next, what you have to do is to then add 26 which equals an unknown variable.

For the second part, since we want to find an estimate of how much Gabe spent if he bought 7 items, we would have to multiply 16.62 by 7 and add 26.

This would be $152.34

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Susan places $6400 in three investments at rates of 8%, 9.6% and 14.4% per annum, respectively. The total income after one
year is $ 744.00. If the amount placed in the third investment is $1500 more than the amount placed in the second, find the
amount of each investment.

Answers

On solving the equations x + y + z = 6400 and 0.08x + 0.096y + 0.144z = 744, the values for first, second and third investments are $1500, $1700 and $3200 respectively.

What is an equation?

A mathematical definition of an equation is a claim that two expressions are equal when they are joined by the equals sign ("=").

Susan places $6400 in three investments at rates of 8%, 9.6% and 14.4% per annum, respectively.

Let the amount of each investment be x, y and z.

So the mathematical form of the statement is -

x + y + z = 6400

The total income after one year is $744.00.

So the mathematical form of the statement is -

0.08x + 0.096y + 0.144z = 744

The amount placed in the third investment is $1500 more than the amount placed in the second.

So the mathematical form of the statement is -

z = (y + 1500)

Substitute the value of z in first equation -

x + y + (y + 1500) = 6400

x + 2y = 6400 - 1500

x + 2y = 4900

x = (4900 - 2y)

Substitute the value of z in second equation -

0.08x + 0.096y + 0.144(y + 1500) = 744

0.08x + 0.096y + 0.144y + 216 = 744

0.08x + 0.24y = 744 - 216

0.08x + 0.24y = 528

Substitute the value of x in this equation -

0.08(4900 - 2y) + 0.24y = 528

392 - 0.16y + 0.24y = 528

- 0.16y + 0.24y = 528 - 392

0.08y = 136

y = 136/0.08

y = 1700

Therefore, the value of second investment is 1700.

Substitute the value of y in formula for z -

z = (y + 1500)

z = 1700 + 1500

z = 3200

Therefore, the value of third investment is 3200.

Substitute the value of y in formula for x -

x = (4900 - 2y)

x = 4900 - 2(1700)

x = 4900 - 3400

x = 1500

Therefore, the value of first investment is 1500.

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Quadrilateral+ABCD+has+verticals+at+A(-3,-4)B(-1,-1)C(2,-2)D(3,-4).+Graph+quadrilateral+ABCD+and+it’s+image+after+180+counterclockwise+rotation+about+vertex D.

Answers

The coordinates of the image is A'(3, 4), B'(1, 1), C'(-2, 2) and D'(-3, 4).

What is Transformation?

A point, line, or geometric figure can be transformed in one of four ways, each of which affects the shape and/or location of the object. Pre-Image refers to the object's initial shape, and Image, after transformation, refers to the object's ultimate shape and location.

Given:

A(-3, -4), B(-1, -1), C(2, -2) and D(3, -4).

In case the quadrilateral ABCD is rotated 180° counterclockwise about the origin, then according to the rule for the rotation of point (x, y) by 180° (x, y) changes into (-x, -y).

Then, the coordinates of the image is

A'(3, 4), B'(1, 1), C'(-2, 2) and D'(-3, 4).

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what is the range of f?

Answers

The range of the function is -5 ≤ f(x) ≤ 5.

The correct option is C.

What is a function?

A relation between a collection of inputs and outputs is known as a function. A function is a connection between inputs in which each input is connected to precisely one output. Each function has a range, co-domain, and domain.

A graph of function is given.

The range of the function is all the achievable values.

So, the range of the function is,

-5 ≤ f(x) ≤ 5.

Therefore, the range is -5 ≤ f(x) ≤ 5.

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What mathematical statement calculates a value?

Answers

On solving the provided question, we can say that a Formula is a mathematical statement that calculates a value.

What is Formula?

In mathematical symbols, a formula is a fact or a rule. Usually, an equal symbol links two or more values. Formulas can be used to determine a quantity's value if you know the value of one. A formula is a collection of mathematical signs and figures that show you how to solve a problem. Examples include formulae for determining the volume of 3D objects and formulas for estimating the perimeter and area of 2D shapes. A mathematical rule or relationship that expresses a variable quantity using letters is called a formula. We refer to these as variables.

A formula is a mathematical statement that calculates a value.

for, example to calculate area of triangle we need a formula.

that formula for area of triangle is = 1/2 * b * h.

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Find the number that makes the ratio equivalent to 2:1.

Answers

What is the ratio? But here are some ration equivalent to 2:1
4:2
8:4
16:8
32:16
64:32

Janna wants to make s'mores at the backyard campfire. The table below shows the parts of marshmallows to graham crackers to make s'mores.


S'mores Marshmallows Graham Crackers
4 8 12
15


At this rate, how many marshmallows and graham crackers will Janna use to make 15 s'mores?
Janna will use 17 marshmallows and 21 graham crackers to make 15 s'mores.
Janna will use 16 marshmallows and 24 graham crackers to make 15 s'mores.
Janna will use 25 marshmallows and 48 graham crackers to make 15 s'mores.
Janna will use 30 marshmallows and 45 graham crackers to make 15 s'mores.

Answers

Janna will use 30 marshmallows and 45 graham crackers to make 15 s'mores.

What is multiplication?

Multiplication is a mathematical arithmetic operation. It is also a process of adding the same types of expression for some number of times.

Example - 2 × 3 means 2 is added three times, or 3 is added 2 times.

Given:

Janna wants to make s'mores at the backyard campfire.

The table below shows the parts of marshmallows to graham crackers to make s'mores.

S'mores  Marshmallows  Graham Crackers

4                   8                           12

15

That means, the rate is,

8/4 = 2 Marshmallows for each S'mores,

And 12/4 = 3 Graham Crackers for each S'mores.

Therefore, 30 marshmallows and 45 graham crackers to make 15 s'mores.

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Answer:

30 marshmallows and 45 graham crackers

Step-by-step explanation:

A car costs £14000. Work out the price after an 8% discount.​

Answers

The price is £12,880.

First, do 14000  x 0.08 = 1,120.

Next do 14,000 - 1,120 = 12,880.

So, the price is £12,880.

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in the figure, the dashed line divides the arrow in half What is the total area of the arrow?
4am
CA 80square centimeters
08
68 square centimeters
0 32 square centimeters
2cm
2pm
5cm

Answers

On solving the provided question, we can say that  The area of the arrow is equal to A = A1 + A2 = 68+12 = 80 cm sq.

What is area?

The size of an area on a surface can be expressed as an area. The area of an open surface or the boundary of a three-dimensional object is referred to as the surface area, whereas the area of a planar region or planar region refers to the area of a form or planar layer. The total amount of space filled by a planar (2-D) surface or shape of an object is known as its area. Draw a square on a piece of paper using a pencil. a character with two dimensions. The area of a shape on paper is the space it takes up. Imagine that the square is composed of more compact unit squares.

The area of rectangle is equal to

A1 = LW

L = 17cm

W = 4cm

A1 = 68 cm sq.

The area of triangle is equal to

A2 = 1/2*b*h

A2 = 1/2*8*3

A2 = 12 cm sq.

The area of the arrow is equal to

A = A1 + A2 = 68+12 = 80 cm sq.

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The correct question is -

In the figure, the dashed line divides the arrow in half. What is the total area of the arrow? 60 square centimeters 68 square centimeters 80 square centimeters 82 square centimeters

One method of approximating a value is called

Answers

Answer:

Step-by-step explanation:

An equivalent method of approximating values of functions is called an approximation using differentials

during a 90 min play the main chararcter 80% of the time what amont of minutes was the main chararcter on stage

Answers

Answer:

72 mins

Step-by-step explanation:

90 x .8

72

Put it in slope intercept form

Answers

Answer:

y=1/2x-2

Step-by-step explanation:

Slope int. Form is y=mx+b.

Knowing this, we find the slope either using rise/run or or the slope formula. y2-y1/x2-x1

using rise/run, we rise up 1 unit and run over 2 units to the right.

So mx=1/2x.

Then finding the y-intercept we look at the y-axis and look for where the graph intersects the y-axis. In this case the y intercept is already plotted at (0,-2). So b=-2.

Put all of our information together and receive the equation y=1/2x-2.

-Hope this helped

Prove by induction [tex]n^5+(n+1)^5+(n+2)^5+(n+3)^5+(n+4)^5[/tex] is divisible by 25 for any n greater than or equal to 1.

Answers

n⁵ + (n+1)⁵ + (n+2)⁵ + (n+3)⁵ + (n+4) is not divisible by 25.

What is Mathematical induction?

Mathematical Induction is a technique of proving a statement, theorem or formula which is thought to be true, for each and every natural number n.

Given expression,

n⁵ + (n+1)⁵ + (n+2)⁵ + (n+3)⁵ + (n+4)

To prove: above expression is divisible by 25.

Putting n = 1 in the expression

1⁵ + (1+1)⁵ + (1+2)⁵ + (1+3)⁵ + (1+4)

= 1 + 2⁵ + 3⁵ + 4⁵ + 5

= 1 + 32 + 243 + 1024 + 5

= 1305

which is not divisible by 25.

Hence, 25 is not divisor of  n⁵ + (n+1)⁵ + (n+2)⁵ + (n+3)⁵ + (n+4)

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PLSSSS UNDER 5 MINNN!!!!!!

what is the period of the sinusoidal function? enter your answer in the box.

Answers

The period of the sinusoidal function is given as follows:

5 units.

How to obtain the period of the function?

A periodic function is a function that has the behavior repeating in intervals over the domain of the domain.

Then the period of the function is defined as the shortest difference between two points in which the function has the same behavior.

One of the examples of the shortest difference in this problem is between x = 1 and x = 6, hence the period is calculated as follows:

6 - 1 = 5 units.

Meaning that for the sinusoidal function, the following statement is true:

f(x + 5) = f(x) for all values of x.

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The diagram shows the graph of y=2x+c. Where c is a constant find the value of K.

Answers

the answer to this question where is the is c+2x

Need REAL ANSWER AND SOLUTION please so i can study it. Help me math experts

Answers

Answer:

B

Step-by-step explanation:

Should be B.

Derivative of 9X^2 is 18x because the exponent multiplied by the coefficient is 18 and the exponent minus 1 is just 1.

Derivative of 1 is 0 because derivative of any real number is 0

Derivative of y^2 is 2y dy/dx because derivative of y^2 is 2y since the exponent 2 times the coefficient 1 equals 1. And the exponent 2 minus 1 is simply 1.

BUT since it's respect to x, we have to add dy/dx right at the end of the 2y

An acorn grew 0.5% from its weight of 2.5 grams. How much did it grow?

Answers

I think its 1.25 if im not mistake

Question 8 (1 point) Cost of U. S. Homes Let 1990 - 0 Year Avg. Sales Price (Thousands)
1990 149
1995 158
2000 207
What would be the approximate sales price for a home in 2020? 480, 600 ,807, 210​

Answers

The approximate sales price for a home in 2020 would be 480

How to determine the approximate sales price

From the question, we have the following parameters that can be used in our computation:

Year Avg. Sales Price (Thousands)

1990 149

1995 158

2000 207

We can see that there is an upward trend as the year increases

However, the table does not follow a linear or an exponential pattern

From 2000 and 1990, the change in price is 58

Using this as a guide, we have

2020 = 207 + 58 * 2

2020 = 323

The closest to 323 in the option is 480

Hence, the sales price is 480

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Isla is given $100,000 for college expenses. She deposits the money in a bank account that doesn't pay any interest on the money, and she makes no further deposits into the account. Two weeks after the start of each semester, Isla withdraws $8,500 to pay her tuition. Suppose it takes Isla a total of 10 semesters to complete her college degree, and each semester costs $8,500. What sequence represents the amount of money left in Isla's bank account at the beginning of each semester? Is there money left in her account after she graduates? Explain.

Answers

1) The sequence that represents the amount of money left in Isla's bank account at the beginning of each semester is 100,000 - 8,500n.

2) At the end of 10 semesters when Isla graduates, the amount of money left in her account (balance) is $15,000.

How the balance is determined:

The total deposit in Isla's account with interest = $100,000

The withdrawal per semester = $8,500

The number of semesters for Isla to graduate = 10

Let n represent the number of past semesters.

After of money left after each semester can be modeled as 100,000 - 8,500n.

Based on this sequence, after 10 semesters, Isla's account have a balance of $15,000 (100,000 - 8,500(10).

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50) A cashier has a total of 121 bills, made up of fives and tens. The total value of the money is $895. How many ten-dollar bills does the cashier have?

Answers

Answer:

89 Bills of 10$ and 1 of 5$

Step-by-step explanation:

Pretty simple division which gets you 89.5 and that decimal is just the one 5$

Let's call the number of ten-dollar bills "x". Then the number of five-dollar bills would be 121-x.

The total value of the ten-dollar bills is 10x, and the total value of the five-dollar bills is 5(121-x).

So, we can set up an equation based on the total value of the money:

10x + 5(121-x) = 895

Expanding the right-side expression:

10x + 605 - 5x = 895

Combining like terms:

5x + 605 = 895

Subtracting 605 from both sides:

5x = 290

Dividing both sides by 5:

x = 58

So, the cashier has 58 ten-dollar bills.

help PLSS brainliest I’ll give

Answers

The equations x² + 4x + 3 = 0 and x² -6x + 13 = 0 are equivalent to (x + 2)² = 1 and (x - 3)² = -4

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables. An equation can either be linear, quadratic, cubic and so on

The standard equation of a quadratic function is:

y = ax² + bx + c

1) Given that:

x² + 4x + 3 = 0

subtract 3 from both sides:

x² + 4x = -3

add to both sides the square of half the coefficient of x:

x² + 4x + 4 = -3 + 4

(x + 2)² = 1

2) Given that:

x² - 6x + 13 = 0

subtract 13 from both sides:

x² - 6x = -13

add to both sides the square of half the coefficient of x:

x² - 6x + 9 = -13 + 9

(x - 3)² = -4

The equations are (x + 2)² = 1 and (x - 3)² = -4

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or After sales tax, a $27 telephone costs $27.27. What is the sales tax percentage?

Answers

The sales tax on telephone is 1 percent.

What is the sales tax?

Calculating the sales tax applied to a purchase is a matter of simply multiplying the tax rate by the purchase price using the equation sales tax = purchase price × sales tax rate. Adding the sales tax to the original purchase price gives the total price paid with tax.

Given that, after sales tax, a $27 telephone costs $27.27.

Here, sales tax =27.27-27

= 0.27

Now, tax rate is 0.27/27 ×100

= 1%

Therefore, the sales tax on telephone is 1 percent.

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is 1/6 equivalent to 2/8

Answers

Answer:

no. 2/8 is equivalent to 1/4 and not equal to 1/6

The difference between the monthly high and low temperatures was less than 27° Fahrenheit. The monthly low temperature was –2° Fahrenheit. Select the choices that make the inequality and statement about the possible monthly high temperature correct.

Answers

Answer:

The monthly high temperature must be less than 25° Fahrenheit.

Simplify using the log properties then evaluate.
log2 5+ log2 6.4

Answers

[tex]\begin{array}{llll} \textit{logarithm of factors} \\\\ \log_a(xy)\implies \log_a(x)+\log_a(y) \end{array} \\\\\\ \begin{array}{llll} \textit{Logarithm Cancellation Rules} \\\\ \stackrel{\textit{we'll use this one}}{log_a a^x = x}\qquad \qquad a^{log_a x}=x \end{array} \\\\[-0.35em] ~\dotfill\\\\ \log_2(5)+\log_2(6.4)\implies \log_2( ~~(5)(6.4) ~~ )\implies \log_2(32) \\\\\\ \log_2(2^5)\implies \text{\LARGE 5}[/tex]

number 9 only please help​

Answers

The series given in number 9 is a convergent series

How to determine the convergence or divergence

From the question, we have the following parameters that can be used in our computation:

Tthe summation of 1/(n^(1/5)) from n=1 to infinity

To determine the convergence or divergence of the summation notation, we can use the comparison test.

The series 1/n^(1/5), which is a convergent p-series with p = 1/5.

Since 1/(n^(1/5)) <= 1/n^(1/5) for all n

It implies that the given series converges by the comparison test.

Therefore, the summation notation converges.

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the very last question. i need this now its an important grade.

Answers

Answer:

158

Step-by-step explanation:

So the sample size said 15 out of 50. Using the sample size to relate to the total number of students, we get this ratio

[tex] \frac{15}{50} = \frac{x}{526} [/tex]

Let's cross multiply

[tex]50x = (15)(526)[/tex]

[tex]50x = 7890[/tex]

Last, divide by 50 to get X alone

[tex]x = 157.8[/tex]

Which rounds up to 158

Choose the grid reference number for the mine shown.
A. 641242
B. 126424

Answers

The grid reference number is 623313.

None of the given option is correct.

What is graph?

In mathematics, a graph is a visual representation or diagram that shows facts or values in an ordered way.

The relationships between two or more items are frequently represented by the points on a graph.

The grid is given in the attached image.

From the given graph:

The grid number is,

623313.

Therefore, the grid number is 623313.

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19. Bruce has 5 bags of potatoes. Each bag
weighs 63 pounds. Use the equation below
to find the total number of pounds of
potatoes in the 5 bags.
5 × 6 = (5 × 6) + (5 x ³) =
A 16 pounds
B 31 pounds
C 32 pounds
D 33 pounds

Answers

The total number of pounds is 315 pounds

How to determine the total number of pounds

From the question, we have the following parameters that can be used in our computation:

Number of bags = 5

Weight of each bag = 63 pounds

This means that

Total weight = 5 * 63

Evaluate the product

Total weight = 315 pounds

Hence, the total weight is 315 pounds

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Hey guy’s question 1/5 = 15/x so…. X = 3 am i right can sb verify

Answers

Answer:

x = 75

Step-by-step explanation:

Given the equation:

[tex]\displaystyle{\dfrac{1}{5} = \dfrac{15}{x}}[/tex]

Multiply both sides by 5x to clear off denominators:

[tex]\displaystyle{\dfrac{1}{5}\cdot 5x = \dfrac{15}{x} \cdot 5x}\\\\\displaystyle{1\cdot x = 15\cdot 5}\\\\\displaystyle{x=75}[/tex]

Therefore, x = 75

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how many moles of lithium are needed to completely react with 4.6 mol br2? 2li br2 2libr explain why the templating region of the rna includes one and a half repeats of the telomeric sequence republicans believed that the u.s. economy should be based on 9. Using the van der Waals equation, calculate the pressure exerted by 15.0 mol of carbon dioxide confined to a 3.00 L vessel at 56.0 C. Note: Values for a and b in the van der Waal equation: a = 3.59 L2.atm/mol, and b = 0.0427 L/mol. is any influence that causes an object to change, either concerning its movement, direction, or geometrical construction. That dog is as big as a horse ! swanson innovations, a small research and development firm, produces 16.5 times as many patents per employee as large firms. which strategy for competitive advantage is the entrepreneur demonstrating? a. integrity and responsibility b. customer focus c. quality performance d. innovation diversification is the primary duty of a portfolio manager in an efficient market and for an investor who believes in what kind of cybersecurity risks can be minimized by using a virtual private network (vpn) vertex (-4,4) points (-5,0) (-3,0) based on what you've read so far, what do you think will happen next in frankenstein? All of the following are required in the reactions of microbial respiration EXCEPT A) electron transport system. B) cytochromes. C) a source of electrons. the helix r(t) = cos(pi t/2), sin (pi t/2) , t) intersects the sphere x^2 y^2 z^2 =2 how much sugar is needed to make 200 grams of 15% sugar syrup Which option most effectively explains the key to successfully balancing your school, work, and personal life?A.Keeping notes to study for the final exam.B.Neglecting daily tasks to hang out with friends.C.Spending less than three hours on your course to go to work.D.Not letting one responsibility dominate your other responsibilities. michelle and themba are travelling from Cape Town to Johannesburg by car. They travel 30km in 18 minutes and continue at a constant speed. how far will they have to travel in 1hour 24minutes 10 qualities of critical reading Find two integers whose sum is -17 and product is 66 Objective: I Will Be Able to evaluate the types of diffusion and analyze the spread of rapid Islam in the century after thedeath of Muhammad.COUnderstanding Diffusion in...Cultural Diffusion in Sociolo... PROPORTION :))In a certain neighbourhood the ratio of cats to dogs to squirrels to skunks is 5:4:7:1. Ifthere are 119 of these animals in all, how many are dogs?