How much interest did you gain if you invested in a retirement plan with a rate of 2.5% over 42 years? Your monthly deposits totaled $520

Answers

Answer 1
Answer:

Final answer:

To calculate interest over time, you need to use the compound interest formula because monthly deposits are being made. However, without more information on how frequently the interest was compounded, we can't find the exact total interest earned from a retirement plan with a 2.5% rate over 42 years with $520 monthly deposits.

Explanation:

The question asks how much interest was gained from investing in a retirement plan with a rate of 2.5% over 42 years. The total monthly deposits were $520. To calculate this, we need to use the simple interest formula which is I=PRT, where 'I' is the interest, 'P' is the principal amount (the initial investment), 'R' is the rate of interest, and 'T' is the period of time.

However, in this case, because the deposits were made monthly, this is not a simple interest problem but a compound interest problem. In such cases, the formula to calculate compound interest (which includes the initial investment amount and the interest earned) is A = P (1 + r/n) ^ nt, where:

  • 'A' is the amount of money accumulated after n years, including interest.
  • 'P' is the principal amount (the initial amount of money)
  • 'r' is the annual interest rate (in decimal)
  • 'n' is the number of times that interest is compounded per year
  • 't' is the time the money is invested for in years

As we don't have enough information to conclude the precise amount (e.g., whether the interest was compounded annually, quarterly, monthly, or daily), we can't calculate the exact value of the interest earned.

Learn more about Compound Interest here:

brainly.com/question/14295570

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Answer 2
Answer:

Hopethiswillhelpu...:)


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Which of the following best classifiesthe triangle? A equilateral, acute B isosceles, acute C scalene, acute

Answer n how to solve

Answers

Answer:

The interior of the triangle are congruent as they are equal in size at point at point l, k, m proof is the line of symmetry shows a 4 way rotation.

We know from how the line represents 2 triangles that equally make an equal sided square should we draw lines

For the g, h, i, j to show a 4 way rotation- should we draw 2 more triangles.

The second shape has congruent angles as the rotation is 2 and angles shown indicate the symmetrical value as midway point are the same also. So while all 3 sets of the second angles are congruent if we make a square shape 8/8 angles have the same degree as one another as there will be 4 triangles in shape 1 and shape 2.

Whilst the rotation is less, this is simply as the base is on the outside and sides are the same- creating a wider perimeter as it enlarges the shape. this may confuse but to prove again we can compare a rotation to equal curve triangles folded within a regular circle shape or just like the first example create 4 triangles and draw 2 lines of symmetry. just like folding a regular square. For full flip rotation within a shape we have found side length is not equal but angles must be 3 of the same for 2 way rotation within a larger shape and 3 equal angles with longer length for rotation within its first found square shape.

Step-by-step explanation:

Answer:

Both are congruent

Step-by-step explanation:

7. SSS congruence

KN=KM ........Side

KI=MI ........Side

LN is a common side

Thus by SSS congruence both triangles are congruent

8. ASA congruence

angles PRO=TRS ..........vertically opposite angles are equal

angles POR=RTS ..........given to be equal in the question

angle OPR=180-PRO-POR ...angle sum property of triangle

angle RST=180-RTS-TRS ......angle sum property of triangle

so OPR=RST as PRO=TRS and POR=RTS

line PO=TS .......given in question

so

OPR=RTS ...........angle

line PO=TS .........side

POR=RTS ...........angle

Thus by ASA congruence both triangles are congruent

Solve the equation below for x.
log2x + log(2x - 1) = log3x

Answers

Answer:

x = 5/4

Step-by-step explanation:

1. cancel x for log 3x and 2x

2. multiply log 2x-1 by log 2

3.simplify to log 4x-2 = log3

4.logs will cancel out and leave you with 4x-2 = 3

5. solve and get 5/4

Answer:

x = 5/4

Step-by-step explanation:

What is the unit price for a pound of chicken if 1.5 pounds cost $3.75? Label your answer is dollars per pound.

Answers

The answer is $2.50 per lb.

there are 3 cans that store 9 tennis balls consider the number of balls per can find the constant of proportionality for the situation

Answers

The equation is:. Balls = (K) (Cans). The constant of proportionality is ' K' . It's Value is exactly 3 balls/can.

Why does it take 3 copies of 1/6 to show the same amount as 1 copy of 1/2?

Answers

Because 1/2 of 6 =1/3 and 1/2×1/3=1/6
The number 3 can be expressed as a fraction 3/1. If we multiply the fraction 1/6 by 3/1 we get:
1/6 x 3/1 = (1 x 3)/(6 x 1)
(1 x 3)/(6 x 1) = 3/6
Now just simplify the fraction:
3/6 = 1/2

What is k+3 3/4 = 5 2/3 - 1 1/3

Answers

k+3 3/4=5 2/3-1 1/3
k+3 3/4=4 1/3
lets find the lcm first then multiply both sides by it but first change it to improper fraction
LCM is  12

[k+15/4]=[13/3]12
12k+45=52
12k=7
k=7/12