MATHEMATICS HIGH SCHOOL

During her first year of college, Sara put $2000 in the bank to save for a trip to Italy after graduation. The money earned 3% simple annual interest. After 4 years, how much money did she have in the bank for her trip?

Answers

Answer 1

Answer:

Answer:

2,240

Step-by-step explanation:

Sara will have US$ 2,251.02 in the bank after 4 years for her trip to Italy.

Step-by-step explanation:

1. Let's review the data given to us for solving the question:

Investment of Sara during her 1st year of college = US$ 2,000

Duration of the investment = 4 years

Annual interest rate = 3%

2. Let's find the future value of this investment after 4 years, using the following formula:

FV = PV * (1 + r) ⁿ

PV = Investment of Sara during her 1st year of college = US$ 2,000

number of periods (n) = 4

rate (r) = 3% = 0.03

Replacing with the real values, we have:

FV = 2,000 * (1 + 0.03) ⁴

FV = 2,000 * (1.03) ⁴

FV = 2,000 * 1.12550881

FV = 2,251.02

Sara will have US$ 2,251.02 in the bank after 4 years for her trip to Italy. Later you round the answer and that gives you 2,240

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Answer 2

Answer:

a lotStep-by-step explanation:

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The weights of 1,000 men in a certain town follow a normal distribution with a mean of 150 pounds and a standard deviation of 15 pounds.From the data, we can conclude that the number of men weighing more than 165 pounds is about , and the number of men weighing less than 135 pounds is about .

Answers

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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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The tables below show the values of f(x) and g(x) for different values of x:f(x) = 2(3)x
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Answers

Hello,

Answer C) x=1 for 3^1+3=3+3=6 and 2*3^1=2*3=6

Without the tables:
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==>3^x=3^1
==>x=1

Answer:

X will equal 1

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Answers

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Answers

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