Colin invests £2350 into a savings account. The bank gives 4.2% compound
interest for the first 4 years and 4.9% thereafter. How much will Colin have after
10 years to the nearest pound?

Answers

Answer 1

Answer:

£3691 (nearest pound)

Step-by-step explanation:

Consider the rate of compound interest is r and the initial amount of savings is P, hence

[tex]P \ + \ P \ \times \ r \ = \ P \ (\ 1 \ + \ r \ ) \qquad (Final \ amount \ for \ the \ 1st \ year ) \\ \\ \ P \ (\ 1 \ + \ r \ ) \ + \ P \ (\ 1 \ + \ r \ ) \ \times \ r \ = \\ \ P\ ( \ 1\ + \ r \ ) \ ( \ 1 \ + \ r \ ) \ = \ P \ {( \ 1 \ + \ r \ )}^2 \qquad (Final \ amount \ for \ the \ 2nd \ year) \\ \\ \ P \ {(\ 1 \ + \ r \ )}^2 \ + \ P \ {(\ 1 \ + \ r \ )}^2 \ \times \ r \ = \\ \ P\ {( \ 1\ + \ r \ )}^2 \ ( \ 1 \ + \ r \ ) \ = \ P \ {( \ 1 \ + \ r \ )}^3 \\ \\ (Final \ amount \ for \ the \ 3rd \ year)...[/tex]  

Therefore, the final amount of savings after nth years of compund interest is

[tex]P \ {( \ 1 \ + \ r \ )}^n[/tex].

Given that 4.2% compound interest was used for the first 4 years to a savings of £2350, thus

[tex]Final \ amount \ for \ the \ first \ 4 \ years \ = \ 2350 \ {( \ 1 \ + \ \frac{4.2}{100} \ )}^4 \ = \ 2770.36[/tex]

Then, taking the final amount of savings previously into an initial amount for the next 6 years with 4.9% compound interest.

[tex]2770.36 \ {( \ 1 + \frac{4.9}{100} \ )}^6 \ = \ 3691.40 \ = \ 3691 \ (nearest \ pound)[/tex]


Related Questions

factorise this (x-6)(x+2)

Answers

Answer:

Its already in factored form.

Step-by-step explanation:

Answer:

x^2 - 4x - 12

Step-by-step explanation:

Using FOIL (first, outside, inside, last), multiply each term in the order:

you should get ---> x^2 + 2x - 6x - 12

now, add like terms

you should get ---> x^2 - 4x - 12

Find f(-2) if f(x)= x^2 + 8x

Answers

Answer:

f(-2) = -12

Step-by-step explanation:

f(x)= x² + 8x

We want to find f(-2)

f(-2) = (-2)² + 8(-2)

Apply exponent : (-2)² = 4

f(-2) = 4 + 8(-2)

multiply 8 and - 2 : 8 * -2 = -16

f(-2) = 4 - 16

subtract 16 from 4 : 4 - 16 = -12

f(-2) = -12

Step-by-step explanation:

f(x) = x² + 8x

f(-2) = (-2)² + 8(-2) = 4 - 16 = -12

which expression is equivalent to (6^5) (6^2)

Answers

6*6*6*6*6
6*6
Are equivalent to 6^5 and 6^2

my Christmas present to you​

Answers

Answer:

Step-by-step explanation:

if you need help let me know

Answer:

Thanks I guess…

Step-by-step explanation:

solve each proportion. 9/16 = x/12

Answers

Answer:

x =27/4

x=6.75

x=6 3/4

Step-by-step explanation:

They are all the same answer just written in different forms. Didn't know what form u wanted so i wrote them all

Answer:

x = 6.75

Step-by-step explanation:

cross multiply 9/16 = x/12

16x = 108

divide by 16 to isolate x

x = 6.75

help me please jfjfjd

Answers

Answer:

10. y degree = 102 degree

11. x degree = 103 degree

Step-by-step explanation:

The formula to calculate the sum of the interior range of polygons is (n-2) * 180.

With n being the number of sides.

From that sum, you can then deduce the angles of y or x, by substracting the other angles.

10. n = 4 => ( 4 - 2 ) * 180 = 2 * 180 = 360 degree

y = 360 - 120 - 85 - 53 = 102 degree

11. n = 5 => (5 - 2) * 180 = 3 * 180 = 540 degree

x = 540 - 117 - 100 - 105 - 115 = 103 degree

Choose the correct answer to 1,889 ÷ 36.
52 R17
51 R53
52 R15
42 R17

Answers

52 R17
It is the right answer

What type of triangle is AABC? Select all that apply.









Thank u

Answers

Answer:

obtuse and isosceles

Step-by-step explanation:

, find the value of
[tex] {x}^{2} + \frac{1}{ {x}^{2} } [/tex]


Answers

[tex]x^2 + \dfrac 1{x^2} = \dfrac{x^4 +1}{x^2}[/tex]

What is 2+2+?+10+?-2+9=?

Answers

[tex]2+2+x+10+x-2+9=x\\2+2+x+10+x-2+9 -x=0\\(2+2+10-2+9)+(x+x-x)=0\\21+x=0\\x=-21[/tex]

ANSWER: ? = -21

P/s: ? = x < let ? is x >

ok done. Thank to me :>

Answer:

The answer can be 25 or higher.

Step-by-step explanation:

This is because I added: 10+9=19+2+2+2=25. Then we have 2 ? marks. There are + signs next to them so the answer is 25 or higher.

the interquartile range of the data set is 4. 2, 2, 3, 3, 4, 5, 5, 6, 7, 9, 12 which explains whether or not 12 is an outlier?

Answers

Answer:

12 is not an outlier as it is not greater than 13.

Step-by-step explanation:

2, 2, 3, 3, 4, 5, 5, 6, 7, 9, 12

Median = 5

Q₁ = 3 (3rd term in sequence)

Q₃ = 7 (9th term in sequence)

IQR = 4

Outliers are either values significantly larger or smaller than the rest of values;

The upper limit is the value above which it can be considered an outlier, it is found by: Q₃ + ³/₂(IQR)

The lower limit is found by: Q₁ - ³/₂(IQR)

Outliers < 3 - ³/₂(4)

Outliers < -3

Outliers > 7 + ³/₂(4)

Outliers > 13

The lower limit is -3 and the upper limit is 13

20 ÷ ____ = 5 need your help

Answers

Answer:

4

Step-by-step explanation:

Select True or False to correctly classify each inequality.
Inequality True False
2.6≤2.6 true or false
−6<−6true or false
3.1>−3.1 true or false
−5≥--5 true or false

Answers

[tex]2.6\le2.6[/tex] classifies as [tex]\text{true}[/tex]

[tex]-6<-6[/tex] classifies as [tex]\text{false}[/tex],

[tex]3.1>-3.1[/tex] classifies as [tex]\text{true}[/tex]

so [tex]-5\ge -5[/tex] classifies as [tex]\text{true}[/tex]

To classify the statements, we need to evaluate each of them:

[tex]\text{Evaluate }2.6\le2.6\\\implies (2.6<2.6)\text{ or }(2.6=2.6)\\\implies \text{false or true}\\\implies\text{true}[/tex]

so [tex]2.6\le2.6[/tex] classifies as [tex]\text{true}[/tex], since the statement also allows [tex]2.6[/tex] to be equal to itself.

[tex]\text{Evaluate }-6<-6\\\implies\text{false}[/tex]

so [tex]-6<-6[/tex] classifies as [tex]\text{false}[/tex], since [tex]-6[/tex] is equal to itself, not smaller.

[tex]\text{Evaluate }3.1>-3.1\\\implies \text{true}[/tex]

so [tex]3.1>-3.1[/tex] classifies as [tex]\text{true}[/tex], since [tex]x>-x[/tex], for all real numbers

[tex]\text{Evaluate }-5\ge-5\\\implies (-5>-5)\text{ or }(-5=-5)\\\implies \text{false or true}\\\implies\text{true}[/tex]

so [tex]-5\ge -5[/tex] classifies as [tex]\text{true}[/tex], since the statement also allows [tex]-5[/tex] to be equal to itself.

Learn more about inequalities here: https://brainly.com/question/24786628



Write the equation of the line in fully simplifipe-intercept form.
12
11
10
9
8
7
6
5
4
3
2
1
-12-11-10 -9 -8 -7 -6 -5 -4 -3 -2 -1
1 2 3 4 7 8 9 10 11 12
-2
-3
-4
-5
-6
-7
-O
-9
-10
-11
-12

Answers

Answer: Y = Z!

Step-by-step explanation: Hopes This Helps!

A canoe rental service charges a $30 transportation fee and $15 an hour to
rent a canoe. Write and equation. How long was the canoe rented if a
customer paid $105?

Answers

Answer:

5 hours

Step-by-step explanation:

Your equation is 105 = 15x + 30 subtract 30 from both sides, then divide by 15 to get x = 5 hours.

Brainliest would be apprappreciated. :-)

Solve for X (x-4)(x-3)=0

Answers

[tex](x-4)(x-3) =0\\\\\implies x-4 = 0~~ \text{ or}~~ x - 3 = 0\\\\\implies x = 4~~ \text{or}~~ x = 3[/tex]

On her multiple choice math test, 1720 of Lydia's answers are correct. What is the ratio of correct to incorrect answers for Lydia on her test?

Answers

Answer: [tex]\frac{17}3}[/tex] or 17:3

Step-by-step explanation:

Since Lydia got 17 out of 20 questions correct, that means she got 3 out of 20 incorrect. To get the ratio of correct (17) to incorrect (3) answers, we can simply divide the two numbers as follows:

[tex]\frac{17}3}[/tex] or 17:3

Since this ratio is already in simplest terms, this is the final answer.

It’s a khan academy problem I have trouble with

Answers

Answer:
-32g

Hope this helps

Please help asapppppp!!!!!

Answers

Answer:

x is 8.2 I think hold on

yeah I think

Help please?!?!??!?!?!!

Answers

The firs one is correct

PLEASE HELP ME RNNNNN!!!!!! I NEED THE ANSWERS

I really need help don’t answer if your not giving the correct answer and it’s explanation!!!!

Answers

Answer:

  (a)  0.4307

  (b)  1.3906

Step-by-step explanation:

(a)

  [tex]\log_5{2}=\log_5{8^{\frac{1}{3}}}=\dfrac{1}{3}\log_5{8}=\dfrac{1.2920}{3}\approx0.4307[/tex]

__

(b)

  [tex]\log_5{\dfrac{75}{8}}=\log_5{3\cdot5^2\cdot8^{-1}}=\log_5{3}+2\log_5{5}-\log_5{8}\\\\=0.6826 +2-1.2920=1.3906[/tex]

Can someone pls help me

Answers

Answer:

6π Km

Step-by-step explanation:

The arc length is calculated as

arc = circumference of circle × fraction of circle

    = 2πr × [tex]\frac{120}{360}[/tex]

   = 2π × 9 × [tex]\frac{1}{3}[/tex]

   = 18π × [tex]\frac{1}{3}[/tex]

  = 6π Km ← exact value

HELP!!!!! I DONT KNOW THIS

Answers

Answer:

neither

Step-by-step explanation:

exponential grows larger with each step and liner is constant

Answer:

Exponential because you don't start at 0

Step-by-step explanation:

I need help asap!!

Triangle 1 is composed of line segments AB, BC, and CA.
Triangle 2 is composed of line segments DE, EF, and FD.
The triangles are similar with a scale of 5:2.
Select the true statement about the proportions of the sides.

Answers

Similar triangles that have a scale ratio other than 1 are not congruent triangles.

The true statement about the proportions of the sides is [tex]\frac{AC}{DF} = \frac 52[/tex]

The scale ratio is given as: 5 : 2

And the corresponding sides are given as:

AB and DE.BC and EF.CA and FD.

The above highlights mean that,

[tex]\frac{AC}{DF} = \frac{BC}{EF} = \frac{AB}{DE} = \frac 52[/tex]

Hence, the true statement is [tex]\frac{AC}{DF} = \frac 52[/tex]

Read more about similar triangles at:

https://brainly.com/question/14285697

What is 2872+919=? It’s simple here
2872+919=3791
Was this helpful?

Answers

Answer:

3791

Step-by-step explanation:

Answer:

3791

Step-by-step explanation:

2872+919=3791

2872 + 919 = 3791

2872+919=3791

2872+919=3791

6 Petra wants to buy an electronic reader that costs $160.75 including tax. She has saved $34.75 SO
far and plans to save an additional $10.50 each week. For how many weeks will Petra need to
save $10.50 to have enough money to buy the electronic reader

Answers

Answer:

Petra would need to save for 12 weeks to get 126

126+34.75=160.75

Petra need to save $10.50 to have enough money to buy the electronic reader in 12 weeks.

What is an expression?

Mathematical expression is defined as the collection of the numbers variables and functions by using operations like addition, subtraction, multiplication, and division.

Given that;

Petra wants to buy an electronic reader that costs $160.75 including tax. She has saved $34.75.

Here, So far and plans to save an additional $10.50 each week.

Let number of weeks to save $10.50 to have enough money to buy the electronic reader = x

So, We can formulate;

⇒ 10.50x + 34.75 = 160.75

Solve for x;

⇒ 10.50x = 160.75 - 34.75

⇒ 10.50x = 126

⇒ x = 126/10.50

⇒ x = 12

Learn more about the mathematical expression visit:

brainly.com/question/1859113

#SPJ2

100 POINTS PLEASE HELP ME 100 POINTS (make fullscreen)

Answers

Answer:

1) 64, 2) 6, 3) 26, 4) 33

Step-by-step explanation:

#1

Sum of interior angles is 180

70 + 46 + x = 180116 + x = 180x = 64#2

Sum of interior angles is 180

84 + 7x + 1 + 9x - 1 = 8416x + 84 = 18016x = 96x = 6#3

Vertical angles are same, the sum of remaining angles is same for both triangles:

35 + 25 = 34 + x60 = 34 + xx = 60 - 34x = 26#4

Exterior angle is same as the sum of non-adjacent interior angles:

5x - 7 + 6x + 3 = 8411x - 4 = 8411x = 88x = 8m∠G = 5x - 7 = 5*8 - 7 = 40 - 7 = 33

identicalAnswer:

1) 64, 2) 6, 3) 26, 4) 33

Step-by-step explanation:

#1

Sum of interior angles is 180

70 + 46 + x = 180

116 + x = 180

x = 64

#2

Sum of interior angles is 180

84 + 7x + 1 + 9x - 1 = 84

16x + 84 = 180

16x = 96

x = 6

#3

Vertical angles are identical, the sum of remaining angles is the same for both triangles:

35 + 25 = 34 + x

60 = 34 + x

x = 60 - 34

x = 26

#4

The exterior angle is the same as the sum of non-adjacent interior angles:

5x - 7 + 6x + 3 = 84

11x - 4 = 84

11x = 88

x = 8

m∠G = 5x - 7 = 5*8 - 7 = 40 - 7 = 33

In AWXY, WY is extended through point Y to point Z, mZYWX = (20 + 12)",
,
mZWXY
(2x + 5)", and m_XYZ = (7x - 1). What is the value of x?

Answers

2x+7=yxz hope this help i was confused

HELP ME WITH THIS TWO PROBLEMS
1. When I add 6 to five times my number I get 36. My mystery number is ....

2. When I add 7 to three times my number I get 43. My mystery number is....

Answers

Answer:

1) 6 & 2)12

Step-by-step explanation:

Solve the equations backwards-

1) Subtract 6 from 36, and then divide by 5.

36 = 6 + 5x

(36 - 6)/5 = x

x = 6

2) Subtract 7 from 43, and then divide by 3.

43 = 7 + 3y

(43 - 7)/3 = y

y = 12

What is the length of leg y of the right triangle? (1 point)

A right triangle with hypotenuse 37 and legs 35 and y
A)2
B)8
C)12
D)35

Answers

Answer:

C)12

Step-by-step explanation:

[tex] {y}^{2} = {37}^{2} - {35}^{2} [/tex]

[tex] {y}^{2} = 1369 - 1225[/tex]

[tex] {y}^{2} = 144[/tex]

[tex]y = 12[/tex]

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