ANSWER
$1,413.81
EXPLANATION
The compound interest formula is given by:
Where P=900 is the balance in the account, t=10 is the number of years and r=0.0462 is the rate.
We substitute the values in to the formula to get:
This simplifies to:
Therefore $1413.81 will be in the account after 10 years.
Answer:
The value of first coin will be $151.51 more than second coin in 15 years.
Step-by-step explanation:
You have just purchased two coins at a price of $670 each.
You believe that first coin's value will increase at a rate of 7.1% and second coin's value 6.5% per year.
We have to calculate the first coin's value after 15 years by using the formula
Where A = Future value
P = Present value
r = rate of interest
n = time in years
Now we put the values
A = (670)(2.797964)
A = 1874.635622 ≈ $1874.64
Now we will calculate the value of second coin.
A = 670 × 2.571841
A = $1723.13
The difference of the value after 15 years = 1874.64 - 1723.13 = $151.51
The value of first coin will be $151.51 more than second coin in 15 years.
Answer: The measurement of angle DBC is 65 degrees
Step-by-step explanation:
Line BD splits ABC into two angles ABD and DBC.
If ABC is 90 then the measures of ABD + DBC will be 90. Since we know the measure of ABD we can make this equation and solve it
5.5% as a multiple is 0.055
So 700 x 0.055= $38.50 in commission
475 (standard pay) + 38.50 (commission) = $513.50 in that week