After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
I pretty sure the answer is Nervous
Answer:
Step-by-step explanation:
Allow me to rewrite your question and hope it will fit the original one:
<em>Jackson recorded the growth of a plant over 10 weeks. The equation </em><em>y=0.25x+4</em><em> represents the height y in inches over time x in weeks what does the y intercept represent In terms of the situation</em>
My answer:
As we know that y intercept is the value of y at the point where the line crosses the y axis (the value of x =0)
So in this situation, if x= 0, it means the height of the tree (y-intercept) initially be at 4 at week 0.
Hope it will find you well.
Answer:
y=2/3x-11/3
Step-by-step explanation:
to find the y intercept, you can input your values into the equation:
b=y1−m⋅x1
When you do that, you get:
b=−1−(2/3)⋅(4)=−11/3
When you convert that equation into y=mx+b form, you get:
y=2/3x-11/3
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There are 8 possible outcomes for a marble being drawn and numbered.
{1,2,3,4,5,6,7,8}
There are 4 possible outcomes for a card being selected from a standard deck.
{ <span>hearts, diamonds, clubs, spades}
So the number of outcomes in the sample space would be 8 x 4 = 32.
In the event "an even number is drawn", there are only 4 possible outcomes for a marble being drawn, {2,4,6,8}, whereas there are still 4 possible outcomes for a suit. So the number of outcomes in the event is 4 x 4 = 16.
</span><span>In the event "a number more than 2 is drawn and a red card is drawn", there are 6 possible outcomes for the marble being drawn, {3,4,5,6,7,8}, whereas there are only two possible suits for a card being selected as red, {heart, diamond}. So the number of outcomes in this event is 6 x 2 = 12.
In the event </span><span>"a number less than 3 is drawn or a club is not drawn", the number drawn could be 1 or 2 whereas a spade/heart/diamond could be selected. So the number of outcomes is 2 x 3 = 6.</span><span>
</span>