MATHEMATICS HIGH SCHOOL

What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of 5 percent, compounded annually?

Answers

Answer 1
Answer:

Answer:  $8103.375

Step-by-step explanation:

The compound amount after x years  is given by :-

A=P(1+r)^x, where p is the principal amount , r is the rate of interest .

Given: The principal amount = $7,000

The rate of interest per year = 5 % = 0.05

Time in years = 3

Then, the compound amount is given by :_

A=7,000(1+0.05)^3\n\n\Rightarrow\ A=7,000(1.05)^3\n\n\Rightarrow\ A=\$8103.375
Answer 2
Answer: take you amount and add 1 with the interest in brackets. close the brackets and square your year, then calculate. 


formula:
7000(1+5%) multiplied by the year
=8103.38

Related Questions

Theresa worked 9 hours on Monday and 7 hours on Wednesday. Her total pay was $116.00. What is her rate per hour?
The graph of y = x 2 has been translated 7 units to the left. The equation of the resulting parabola is _____.
Four times the sum of a number and two increased by three is at least twenty seven
The waiter places a bowl of soup in front of Igor. In a counterclockwise direction, he passes the soup to Elan who then passes it to Abbey. Which two rotations about the center of the table describe passing the soup?A) first 80° and then 80°B) first 120° and then 120°C) first 144° and then 144°D) first 160° and then 160°
If tod has 3 watermelons and Suzy has -5789 how many are there in total.

There are 42 students in a class.Each student walks to school or cycles to school or gets the bus to school.
There are 23 girls in the class.
10 of the girls walk to school.
6 of the boys cycle to school.
7 of the 11 students who get the bus to school are boys.
Find the number of these students who walk to school.
Your final line must say, Number who walk to school = ...​

Answers

Answer:

15 students walk to school

Step-by-step explanation:

42 - total students

42 - 23 = 19

----

23 girl students

19 male students

----

19 - 6 = 13

13 - 2 = 11

--

11 - 7 = 3

3 + 2 = 5

--

10 girls walk to school

5 boys walk to school

--

10 + 5 = 15

Does anybody know anything about simplifying rational expressions? 4x/11x

Answers

all you have to do is cancel the x 4/11

Work the following pricing problems for services rendered. (For all calculations use hundredths.)Labor time = 4 1/2 hours
Overhead rate = 95%
Retail price of parts = $134.75
Total cost of job = $241.98
Hourly rate?

Answers

Answer:

Hourly Rate = $12.22 per hour

Step-by-step explanation:

\text{Labor Time = }4\tfrac{1}{2}=4.5\thinspace{ hours}

Overhead Rate = 95%

Retail price of parts = $134.75

Total cost of job = $241.98

Cost of labor = Total cost - Retail price

                      = 241.98 - 134.75

                      = $107.23

Now, labor works for 4.5 hours and ears a total amount of $107.23

\implies\text{Amount earned in one hour or hourly rate = }(107.23)/(4.5)\n\n\implies \text{Hourly rate = }\$23.83\text{ per hour}

Now, Labor will get 95% overhead rate

⇒ The labor is getting 100% already but an overhead of 95% is also given

\text{So, Hourly Rate = }(23.83)/(1+0.95)\n\n\bf\implies\textbf{Hourly Rate = }\$12.22\textbf{ per hour}

Answer:

12.22

Step-by-step explanation:

39 out of 40 as a percent

Answers

It would be: 39/40 * 100 = 3900/40 = 97.5%

A. using the graph, describe the key characteristics of the graph (positive/negative slope, proportional/non proportional, y-intercept).B. write in words what the slope of the graph means in context.

C. write in words what the y-intercept of the graph means in context.

D. write in words what the graph of the line is showing.

Answers

Final answer:

The graph has a positive slope, is non-proportional, and has a y-intercept of 2. The slope represents the rate of change between the x and y variables. The y-intercept represents the value of y when x is 0. The graph shows a relationship where y increases by a constant rate of 3 for every one unit increase in x.

Explanation:

A. The graph has a positive slope. It is non-proportional as the points do not lie on a straight line. The y-intercept is 2.

B. The slope of the graph represents the rate of change between the x and y variables. In context, it means that for every unit increase in x, y increases by 3 units.

C. The y-intercept of the graph represents the value of y when x is 0. In context, it means that when x is 0, y is equal to 2.

D. The graph of the line is showing a relationship between x and y variables, where y increases by a constant rate of 3 for every one unit increase in x, starting from a y-value of 2 when x is 0.

Learn more about graph characteristics here:

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Final answer:

In a graph, the slope describes the rate of change, and the y-intercept is where the line intersects the y-axis. A positive pitch rises from left to right, while a negative one falls. A proportional graph reflects a constant rate of change, while a non-proportional one shows a non-constant rate of change.

Explanation:

We need to know the specifics of the graph to explain the components you've asked about. A positive slope on a chart is represented by a line that rises from left to right, while a negative slope descends from left to right. The value of the pitch can be determined by the rise over run (change in y / change in x).

A graph is proportionalif the line passes through the origin (0,0) and has a constant slope. If it doesn't, it's considered non-proportional, meaning the change rate is unstable.

The y-intercept is the point where the line intersects with the y-axis. In the context of an equation, it's the value of 'y' when 'x' equals zero.

A graph's slope depicts the change rate between the two variables. The y-intercept typically represents the starting value or the value of 'y' when 'x' has yet to apply. Finally, the overall graph of a line shows the relationship between two variables, represented in a way that changes in one variable correspond with a change in another.

Learn more about Graph Analysis here:

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The perimeter of a picture frame is 24 inches. If the width of the picture frame is 5 inches, what is the length of the picture frame?

Answers

l=7
2l+2w=24
2l+2x5=24
2l+10=24
2l=14
l=7

The answer is (8x+36) inches
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