A bank pays 5% interest compounded annually. What principal will grow to $12,000 in 10 years.

Answers

Answer 1
Answer:

Answer: 7366.96 dollars

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Use the compound interest formula:

A = P(1+r/n)^(n*t)

where in this case,

A = 12000 = amount after t years

P = unknown = deposited amount we want to solve for

r = 0.05 = the decimal form of 5% interest

n = 1 = refers to the compounding frequency (annual)

t = 10 = number of years

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Plug all these values into the equation, then solve for P

A = P(1+r/n)^(n*t)

12000 = P(1+0.05/1)^(1*10)

12000 = P(1.05)^(10)

12000 = P(1.62889462677744)

12000 = 1.62889462677744P

1.62889462677744P = 12000

P = 12000/1.62889462677744

P = 7366.95904248911

P = 7366.96


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Answers

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Step-by-step explanation:

The area of a parallelogram is

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Kurt cut pizzasinto wedges measuring 40 degrees. I feach person eats one piece of pizza how many people could he feed with two whole pizzas

Answers

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Using the drawing, how would you classify angles 9 and 10? A. Reflex

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Answers

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:)

Mr. Parker wants to rent a cargo van for a day. It will cost the daily fee of $50 plus $0.35 per mile driven. Let m = the number of miles Mr. Parker drives for the day. Write an algebraic expression that shows the amount he will pay for the van. * 10 points \

Answers

Answer:

y=0.35m+50

Step-by-step explanation:

Step one:

given data

the daily fee= $50

cost per mile driven =$0.35

Let m = the number of miles

let y be the total cost

Step two

Required

the expression for the total cost is

An algebraic expression that shows the amount he will pay for the van. is  

y=0.35m+50

School is a nae nae not cool >:(

Answers

Answer:

1 2/9

Step-by-step explanation:

Answer: I- I- okay I’m not gonna answer that I-

Step-by-step explanation:

To which set of numbers does the number-5 belong? select all that applyA.integer
B.natural numbers
C.rational numbers
D.real numbers
E.whole numbers

Answers

A, C, D are the correct answers.

-5 is neither a whole number nor a natural number. This is because negative numbers are not included in these. Hope this helps! Let me know:)