An investment account earns 4% per year compounded annually if the initial investment was $4000 how much is the account after three years? Round your answer to the nearest dollar
Answers
The amount will be $4499.45 if an investment account earns 4% per year compounded annually if the initial investment was $4000.
What is compound interest?
It is defined as the interest on the principal value or deposit and the interest which is gained on the principal value in the previous year.
We can calculate the compound interest using the below formula:
Where A = Final amount
P = Principal amount
r = annual rate of interest
n = how many times interest is compounded per year
t = How long the money is deposited or borrowed (in years)
It is given that:
An investment account earns 4% per year compounded annually if the initial investment was $4000.
P = 4000
r = 4% = 0.04
t = 3
n = 1
Plug all the values in the formula, and we get:
A = 4000(1 + 0.04)³
A = $4499.45
Thus, the amount will be $4499.45 if an investment account earns 4% per year compounded annually if the initial investment was $4000.
Learn more about compound interest here:
#SPJ2
A=future amount
P=present amount
r=rate in decimal
t=time in years
given
P=4000
r=4%=0.04
t=3
A=4499.456
round
about $4499 in the account after 3 years
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Answer:
(D) p = 50.55 (Round to the nearest hundredth).
Step-by-step explanation:
Given: Right triangle SIP such that i = 54 and s = 19.
To find: Which of the following statements are true, round to the nearest hundredth.
Solution: We have given that Right triangle SIP , i = 54 and s = 19.
By the Pythagoras theorem (IP)²+(SI)² = (SP)².
Plugging the values
(19)²+(p)² = (54)².
361+(p)² =2916
On subtracting both side by 361.
(p)²+ 361 - 361 =2916 -361
(p)² = 2555
Taking square root both sides .
√(p)² = .
p = 50.547
p = 50.55 (Round to the nearest hundredth).
Therefore, (D) p = 50.55 (Round to the nearest hundredth).
sin S=19/54==>mes S=20.60...° A is false
cos P=19/54==>mes P=69.3993...° B is true
==> C is false
p =√(54²-19²)=50.5470...≈50.55 is true
Answer B AND D
Copy these equations on a separate piece of paper and solve for x. Justify 6 points
your solution by writing in Exponential form. Submit a photo of your
solutions. *HINT*You should be able to do all these problems without a
calculator. *
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Answer:
Hey don't award this brainliest if you don't want to, but seriously try doing some of these on your own. I promise it's not that hard and you can do it. Remember that there is an equation that relates exponential and logarithmic forms...
You can do this!
y = 3x − 1
Part A: In your own words, explain how you can solve the pair of equations graphically. Write the slope and y-intercept for each equation that you will plot on the graph to solve the equations. (6 points)
Part B: What is the solution to the pair of equations? (4 points)
Answers
X=2
Y=5
Sub y=3x-1
[(3x-1)=7x-9]
Isolate x for (3x-1)=7x-9: x=2
for y=3x-1
Sub x=2
y=3*2-1 y=5
y = 2x
y = x + 2
y = 3x
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6 3
5 4
What is the value of |C|?
|C|=
Answers
Answer:
e0
Step-by-step explanation: