In 2005, Cory put $5,000 in an account that grows in value by 3.7% per year. what is the value of the account in 2020?

Answers

Answer 1

The value of the account in 2020 is given as $8622.86.

What is compound interest?

The compound interest is a form of interest where the rate of interest is applied on the amount obtained after every interval of time.

The amount of one interval of time becomes the principal to the next one.

Suppose in 2005 t = 0.

Then, in the year 2020 t = 15.

Now, the given question can be solved by finding the Amount using the expression as below,

P(1 + r/100)ⁿ

Where p, r and n are the principal, rate and time for the compounding.

Substitute all the corresponding values to obtain,

A = 5000(1 + 3.7/100)¹⁵

   = 5000 × 1.037¹⁵ = 8622.86

Hence, in 2020 the money invested in the account becomes as $8622.86.

To know more about compound interest click on,

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Related Questions

PLZZ HELPPPP?!?!?!??!?!?

Answers

Answer:

B

Step-by-step explanation:

Answer:

B

Step-by-step explanation:

Root5 /2 root5 -1
can be written in the form
a+rootb /c
where a, b and c are integers.
Find the values of a, b and c when the resulting fraction
is written in its simplest form.

Answers

Answer:

10, 5, 19

Step-by-step explanation:

Recall that

[tex] {a}^{2} - {b}^{2} = (a + b)(a - b)[/tex]

So we can multiply the fraction by

[tex] \frac{2 \sqrt{5} + 1 }{2 \sqrt{5} + 1 } [/tex]

And get

[tex] \frac{ \sqrt{5} }{2 \sqrt{5} - 1} \times \frac{2 \sqrt{5} + 1 }{2 \sqrt{5} + 1 } = \frac{10 + \sqrt{5} }{20 - 1} = \frac{10 + \sqrt{5} }{19} [/tex]

Find the measure of the angle indicated

Answers

72⁰

HOPE IT HELPS YOU THANK YOU ☺

Answer:

37 degree

Step-by-step explanation:

RQS is suspened by arcRS

RQS=1/2(RS)

RQS=1/2(74)

RQS=37

Calculate the area of the shaded area !!
EZ FREE POINTS!!

Answers

Answer:

20 sq units

Step-by-step explanation:

Answer:

20 sq units

Hope it helps :)

find the measure of each interior angle of a regular polygon with the following number of sides 10​

Answers

Answer:

36 will be the measure.

Hope it helps!!!

Step-by-step explanation:

Which is NOT true? 5 + 14 = 20 - 1 9 + 5 = 7 + 7 15 = 4 + 11 15 - 9 = 9 - 4

Answers

Answer:

5+14=20 is not true

Step-by-step explanation:

5+14=19 not 20

Answer:

5+14=20 is not true

Step-by-step explanation:

5+14=20 is not true

describe the correlation in the scatterplot below
The first bubble options are positive linear, positive linear with one outlier, negative linear, negative linear with one outlier, nonlinear ,and no.


the second bubble options are decrease , increase, show no pattern and follow a linear pattern ​

Answers

Answer:

'no' and 'show no pattern'

Step-by-step explanation:

with scatter plots like these, there is no exact information at all, what so ever

Answer:

linear positive/ follow a linear pattern

Step-by-step explanation:

A student incorrectly says the volume of the regular hexagonal​ prism, to the nearest cubic​ centimeter, is 1,619 cm3. What is the correct​ volume? What error did the student most likely​ make?
The volume of the regular hexagonal prism is ___ cm3.

Answers

Answer:

17.5

Step-by-step explanation:

find the missing number in each below

1. (8+9)+10=8+(_+10)
2. 46+(_+4)=46+4)+50
3. 2,345=1900+_145
4. 12x(8+_)=12x8+12x2
5. 4x9=12x_=36
6. (8x5)x3=8x(5x_)

pasagot po plss​

Answers

9
50
445?
2
3
I think these are correct

Find the perimeter of a room with a length of 28 ft. and a width of 19 ft.

Answers

Answer:

98 ft

Step-by-step explanation:

28x2 + 19x2

=98

Answer:

Is the room a rectangle size? If so:

28 + 28 = 56

19 + 19 = 38

56 + 38 = 94 ft.

Opposite sides are parallel and equal:

therefore whenever there is two given lengths make sure to multiply them two times then add them together if only its a rectangle.

if its a square make sure to multiply the given length 4 times.

What fraction describes the probability for two coins being tossed at the same time to both land on heads?

3/4
1/4
1/2

Answers

Answer: 1/4

Step-by-step explanation:

A coin has two outcomes which are either the head or the tail. When a coin is tossed, the probability of getting a head is 1/2 and likewise for a tail.

Therefore, the probability for two coins being tossed at the same time to both land on heads will be:

= 1/2 × 1/2

= 1/4

Answer:

1/4

Step-by-step explanation:

Use the quadratic formula to find both solutions to the quadratic equation
given below.
3x2 - 5x + 1 = 0
ILL MAKE YOU BRAINLEST JUST HELP

Answers

Answer:

i only know one answer which is d

Step-by-step explanation:

Answer:

Step-by-step explanation:

i think b and d

What’s the diameter of a circle that had a radius of 4cm

Answers

Answer:

8

Step-by-step explanation:

Answer is =8cm

Step-by-step explanation:

d=2r=2·4=8cm

Which table has a constant of proportionality between y and 2 of 0.6?
Choose 1 answer:


Answers

The answer is B. If you divide y by x such as (2.4/4) you get 0.6 and so on.

You buy a used car for $12,000. The value of y of the car decreases by 15% each year. Find the value of the car in: a. 1 Year

Answers

Step-by-step explanation:

12 000 × 15/100

= $1 800

value of the car = 12 000 - 1 800

= $ 10 200

what is the same as 8/9?​

Answers

Answer:

8×1/9

Step-by-step explanation:

It is same as 8/9 because 8×1=8

Troy and two of his friends help troy's dad do yard work. After his dad paid $35 for gas, the boys made 128. How much did each child make?

Answers

The boys made about 64$ each.

Find the surface area of a square pyramid with side length 6 yd and slant height 6 yd.

Answers

Answer:36

Step-by-step explanation:

.

Expand and simplify 4(2x+3)-(5x-1)

Answers

1. 4(2+3)−1(5-1)
8+12−1(5−1)
2. 8+12−1(5−1)
8x+12-5x+1
3. 8x+12-5x+1
8x+13-5x
4. 8x+13-5x
answer: 3x+13

Can someone help me with this one too please

Answers

Answer:

1) f - 2

2) 45 + b

3) s - 82

4) 52c

5) t/5

Answer:

1) f-2

2) 45+b

3) s-82

4)52c

5)t/5

khan academy - 6th grade advanced

Answers

Answer:

its b

Step-by-step explanation:

2/14 as a decimal (please explain)

Answers

Answer:

Hi! The answer to your question is 0.142857. (Convert the fraction to a decimal by dividing the numerator by the denominator)

Step-by-step explanation:

☆*: .。..。.:*☆☆*: .。..。.:*☆☆*: .。..。.:*☆☆*: .。..。.:*☆

☆Brainliest is greatly appreciated!☆

Hope this helps!!

- Brooklynn Deka

Brian invests £990 into his bank account. He receives 2.6% per year simple interest. How much will Brian have after 3 years? Give your answer to the nearest penny where appropriate.

Answers

Answer:

£1067.22

Step-by-step explanation:

A = P(1 + rt)

A = £990(1 + 0.026*3)

A = £1067.22

Mark brainliest if this helped!

Mark brainliest if this helped!

What is the length of AB⎯⎯⎯⎯⎯? Enter your answer as a decimal in the box. Round only your final answer to the nearest tenth. cm A horizontally-aligned scalene triangle A B C. Side A C is labeled as 18 centimeters. Side B C is labeled as 12 centimeters. Angle C is labeled as 79 degrees.

Answers

Answer:

AB = 19.6 cm

Step-by-step explanation:

Let AB be represented by c. Applying the cosine rule, we have;

[tex]c^{2}[/tex] = [tex]a ^{2}[/tex] + [tex]b^{2}[/tex] - 2ab Cos C

  = [tex]12^{2}[/tex] + [tex]18^{2}[/tex] - 2(12 x 18) Cos [tex]79^{o}[/tex]

  = 144 + 324 -432(0.19081)

  = 468 - 82.4299

[tex]c^{2}[/tex] = 385.5701

c = [tex]\sqrt{385.5701}[/tex]

c = 19.6359

The side AB of the given triangle is 19.6 centimetres.

Answer:

19.6

Step-by-step explanation:

took the quiz. Shows correct

What's the common difference of the sequence -5, -2, 1, 4, 7, ...?
A) d= -5
B) d= 2
C) d=-3
D) d= 3

Answers

Answer:

The answer is D) d=3!!!!!

HELP I NEED HELP ASAP
HELP I NEED HELP ASAP
HELP I NEED HELP ASAP
HELP I NEED HELP ASAP
HELP I NEED HELP ASAP
HELP I NEED HELP ASAP
HELP I NEED HELP ASAP
HELP I NEED HELP ASAP

Answers

The answer i think is it c
I believe the answer is C

Help me solve this pls!!

5+ 8 x-3=

Answers

it should be -19...!

Find the measure of the sixth interior angle of a hexagon if the measure
of the other five interior angles are 80°, 90°, 130°, 130°, and 150°. (Show
all work)

Answers

Answer:

140°

Step-by-step explanation:

The sum of interior angles of a n-agon is (n - 2) * 180°

a hexagon should have the sum of angles equal to

4 * 180° = 720°

Now we know that the other five angles have total measure

80° + 90° + 130° + 130° + 150° = 580°

So the sixth one has to be:

720° - 580° = 140°

Answer:140°

Step-by-step explanation: required equation : 180*(n-2)

since it is a hexagon, the sum of all interior angles=180*(6-2)

                                                                                       =180*4 =720°

now the measure of 6th angle=720 -(80+90+130+130+150)

                                                    = 720 -580

                                                   = 140

PLEASE HELP! this is a 4 part problem but here is the last part :)!!!

Answers

The answer is B 63ft squared

Steve reaches into a bag with 5 marbles 3 yellow marbles and 2 green marbles and randomly selects one the he puts the marble back and sam reaches into the same bag and randomly selects a marble is this independent or dependent

Answers

Answer:

Independent

Step-by-step explanation:

The reliance of an event on the outcine of another event gives rise to a dependent event. For any two or more event, whereby the outcome of event A has no effect on the possible outcome of event B, then such scenario is termed as being Independent. In the scenario described above, the outcome oof Sam's pick does not depend on the outcine of Steve's pick. This is because, once Steve makes his selection, the marble is returned into the box before Sam makes his own selection.Therefore, no matter the color of marble picked by Steven, it will have no bearing on the outcome of Sam's pick.

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