Wesley and Mia deposit $800.00 into a savings account which earns 15% interest compounded annually. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?where A is the balance (final amount), P is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.

Answers

Answer 1
Answer:

Answer:

1,058

Step-by-step explanation:

Interest= 800(.15)= 120 1 yr interest

A= 800 + 120= 920 on the 1st year

920 (.15)= 138 int. on the 2nd year

Therefore, 920+ 138= 1,058 final amount after 2 yrs.


Related Questions

I need help with algebra. i will give you 50 points if you will help me.
What fraction with a denominator of 8 is equivalent to 1/2
A group consisted of 2 girls for every boy. 24 more girls joined in the class. There are now 5 girls for every boy. How many are in the class?
What is the circumference of the circle of you use 3.14 for pi ????
Height in feet of 74 inches

What is 6.46,6.41 and 4.6 in order from least to greatest

Answers

It will be 4.6 , 6.41 and 6.46 because it asking u write the number smallest to greatest
(all you need yo do with 4.6 is put a zero at the end.)    4.6(0), 6.41, 6.46

Find the factors. Is 16 prime or composite?

Answers

prime numbers 2 3 5 7 11 13 17 19 23
16 is a composite number

Jasmine decided to go hot air ballooning for her fourteen birthday. She launches 6ft above ground and then ascends 12 ft further. She didn’t want to leave her husband behind, so she descends 20 ft to meet him. Where does jasmine end up. Plz answer this I will give you 100 points olz

Answers

6+12-20=-2

-2ft

She descends 2ft below ground.

Is there a mistake in the problem?

Answer:

-2 ft

Step-by-step explanation:

So first we do 6 + 12, which is 18, then we do 20 - 18 which is -2. If you dont have an answer like -2 then pick 2 if its a selection.

You are flying from Denver to Albuquerque. The distance is 349 miles between airports and takes 1 hour and 20 minutes to travel once the plane is in the air. It takes approximately 2 hours to check in to the airport and get seated. It takes 1 hour after seating for the plane to take off. It takes 1 hour once at the air port to disembark, and 1 hour to get a rental car and get back on the road. The whole trip can be driven by car in 6 hours. Which trip is faster: Car or plane?

Answers

Answer:

  • car trip is faster than plane trip

Step-by-step explanation:

The less time the trip takes the faster the trip is.

1. Plane: build a table with the given times for flying and sum up every stage of the flying trip:

Stage                                                 time

  • On air                                       1 h: 20'
  • Check in and get seated        2 h
  • To take off                                1 h
  • Disembark                                1 h
  • Get a rental car                        1 h

                                                        ______

                                      Sum            6 h: 20'

2. Car.

  • Given total time: 6 h

3. Comparisson: 6 h < 6 h : 20' ⇒ car trip is faster than plane trip

If x^(2) - 2 = 2^(2/3) + 2(-2/3) prove that x = 2^(1/3)+2^(-1/3)

Answers

Step-by-step explanation:

x² - 2 = 2^(2/3) + 2^(-2/3)

x² = 2^(2/3) + 2 + 2^(-2/3)

x² = (2^(1/3))² + 2 × 2^(1/3) × 2^(-1/3) +

(2^(-1/3))² (It is in the form of a²+2ab+b²)

x² = (2^(1/3) + 2^(-1/3))²

x = 2^(1/3) + 2^(-1/3)

-6-8(-8x-3) please help me and with how you did it

Answers

Answer:

x = 9/32

Step-by-step explanation:

I believe you may have meant -6 equals, so here is how I did it

-6 = 8(-8x-3)

-6 = 64x - 24

64x = 18

x = 9/32