Hank invested $50,000 in a mutual fund that earns 7% interest compounded annually. How much interest did he earn after 10 years?

F)$35,000
G)$48,357.57
H)85,000
J)98,357.57

Answers

Answer 1

Answer:

F $35,000

Step-by-step explanation:

3,500 is 7% of 50,000 3500 multiplied by 10 years= 35,000

Answer 2

9514 1404 393

Answer:

  G)  $48,357.57

Step-by-step explanation:

The future value formula can be used to find the account value:

  FV = P(1 +r)^t

where P is invested at annual rate r for t years.

  FV = $50,000(1.07^10) ≈ $98,357.57

The amount of interest earned is the difference between this value and the value of the initial investment:

  interest = $98,357.57 -50,000 = $48,357.57

Hank earned $48,357.57 in interest after 10 years.

_____

At 7% interest, the "rule of 72" tells you the doubling time of the account is about 72/7 = 10.3 years. That is the account value will be not quite double the original investment after 10 years. So, the amount of interest earned is only slightly less than $50,000. If the account earned simple interest, the interest earned would be $35,000. Only one answer choice is more than $35,000 and less than $50,000.


Related Questions

Find the distance between the two points in simplest radical form.
(8,-3) and (6,-8)

Answers

Answer:

5/2

Step-by-step explanation:

The following statement is an example of: every fall there have been hurricanes in the tropics. Therefore, there will be hurricanes in the tropics this coming fall.



Is it deductive, indutive reasoning or a conjecture.

Answers

Answer:

Deductive reasoning

Step-by-step explanation:

Here, we want to know the kind of reasoning the statement is.

In this question, the kind of reasoning is deductive

In the deductive reasoning type, we go from general cases to specific cases

It is just like saying the reason why there will be hurricanes in the tropics this fall is because there is an hurricane every fall

So we have gone from a general case to give a specific case

The kind of reasoning which is depicted by the statement given above is deductive reasoning.

From the statement, we are moving from a general perspective, which is the fact that, hurricane occurs every fall in the tropics.

Using these general precedence, we deduce that the same event will occur again.

We are basing a reasoning on a general fact, hence, the reasoning is deductive.

Therefore, the reasoning in the scenario above is deductive.

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Which of the following conjectures is false?





a
The sum of two even numbers is even.
b
The product of two even numbers is even.
c
The sum of two odd numbers is odd.
d
The product of two odd numbers is odd.

Answers

It’s B that doesn’t even make sense there are endless of possibilities of numbers there not all 7
It is B tell me if I’m wrong please so I can fix my mistake

Which expression is equivalent to 3(4x + 2/3) -7x + 3/8

Answers

Answer:

= 5x+ 19/8

Step-by-step explanation:

=12x+2-7x+ 3/8

=5x + 19/8

4x + 3 - 2x + 7 = 24

Answers

Answer:

x=7

Step-by-step explanation:

4x+3-2x+7=24

We move all terms to the left:

4x+3-2x+7-(24)=0

We add all the numbers together, and all the variables

2x-14=0

We move all terms containing x to the left, all other terms to the right

2x=14

x=14/2

x=7

   

What is
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Answers

4.15 hope this helps

Answer:

[tex]4\frac{3}{20}[/tex]=4.15


Pamela is 7 years older than Jiri. The sum of their ages is 53. What is Jiri's age?

Answers

Answer:

46

Step-by-step explanation:

if there ages in total  is 53 and pamela is 7 years older than jiri

53-7  would give u jiri age

Which shows the steps for performing long division in the correct order?
multiply, subtract, divide, repeat
multiply, divide, subtract, repeat
divide, subtract, multiply, repeat
divide, multiply, subtract, repeat

Answers

Answer:

divide, multiply, subtract, repeat

Step-by-step explanation:

first you divide  then multiply subtract and repeat and then you will get your Answers

option d

Step-by-step explanation:

A student wants to conduct an investigation to find out how much heat energy a 100-gram rock can transfer to water. He has the rock and 300 grams of water in an insulated container. The water is at 20°C. He heats up the rock to 50°C, and places it in the water. What is the most important data for the student to record for this investigation?

I need help with 7th grade science

Answers

Answer: The temperature change of the water

The most important data that the student would have to record for the investigation that he is carrying out is temperature.

What is temperature?

This is the term that is used to refer to the degree of hotness or the degree of coldness of a given body.

The temperature is the solution here because the factor that the student is set to find out would be how heat is able to transfer to water.

The variable that would be used to represent heat is going to be temperature. This is what would help to determine the amount of heat that has transferred.

This can be checked with the use of a thermometer. The investigation that the student is carrying out here would be what is called a research study.

Heat is one of the variables that is used in the research study. Therefore we can conclude by saying that the most important data that is going to be used in this research would be what is called temperature.

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"the advrage a of 2 numbers c and d is equal to half the sum of c and d " this whole qustion confuses the I am basically supposed to put it into a equation but it's just not clicking for me can you help?​

Answers

Answer:

[tex] \frac{c + d}{2} [/tex]

Step-by-step explanation:

this is the equation used to find the average of two numbers.

19. the sum of twelve and sixteen divided by the sum of three and four

Answers

Answer:

4

Step-by-step explanation:

Add 12 and 16 ( 28 ) then add 3 and 4 ( 7 ) lastly, you will divide 28 and 7 to get 4

See attachment for math work and answer.

Help pls I don’t get it it’s due in a few minutes

Answers

I think it's the first option

Answer:

The correct answer is A the slope will be -0.75

Step-by-step explanation:

See the chart below

Hope this helps.

Write an
equation for the line parallel to the given line that contains C.
4
C(-2,5); y=5X-8

Answer fast please!!!

Answers

It’s very blurry for me I can’t see the question
















An online music store is offering a promotion. When you spend $45 or more, you receive 3 songs for free. You buy an album for $15. Identify the inequality that represents how much more money m you must spend to receive the three free songs.

Answers

Answer: x ≥ $30.

Where x is the amount of money that you need to spend if you want to have the 3 free songs.

Step-by-step explanation:

When you spend $45 or more, you get 3 free songs.

You already bought an album that costs $15, then the minimum amount that you need to spend is (when you spend exactly $45):

$45 - $15 = x = $30.

Then the inequality is:

x ≥ $30.

Because if you spend more than $45 you also get the songs.

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Answers

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Which could be the missing first term of the expression that, when fully simplified, would be a binomial with a degree of 4? Select THREE options.

•0
•5xy3
•9x2y
•8y4
•4xy3

Answers

Answer:

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Step-by-step explanation:

I hope this helps!!!

Answer:

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Step-by-step explanation:

For problems 1 & 2 determine favg [tex]f(x)=8x−3+5e2−x on [0,2][/tex]for the function on the given interval

Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

???

Answer:

ITS 4 AND 7 Step-by-step explanation:

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Answers

i think it’s n = -8

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Answers

Answer:

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Step-by-step explanation:

Answer: The Middle Graph - represents a nonlinear function

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Answers

Answer:

I sorry I cant help with this problem

Solve the equation


2(x+5)=-2

Answers

Answer:

x = -6

Step-by-step explanation:

Distribute the 2 into the brackets:

2x + 10 = -2

leave the 2x alone on one side:

2x = -2 -10

2x = -12

divide both sides by 2:

x = -6

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Answers

Answer:

12

Step-by-step explanation:

5(x-1) +3x = 7(x + 1)

5 × x - 5×1 + 3x = 7 × x + 7 × 1

5x-5+3x=7x+7

8x-5=7x+7

8x-7x=7+5

x=12

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pls help me! i will give u brainliest

Answers

Answer:

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Step-by-step explanation:

8 + z = 19. step equations

Answers

Answer:

11

Step-by-step explanation:

First subtract

19-8= Z

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Z=11

Answer:

z=11

Step-by-step explanation:

step 1:simplify both sides of the equation

z+8=19

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Answers

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Answers

Answer:

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Step-by-step explanation:

Answer: 16.50

Step-by-step explanation:

First, you need to divide 27.50 by 5. (It's easier to multiply the number by 100 so it's 2750, then divide the quotient by 100 to get the actual answer). Then after you divide 27.50 by 5 you will get 5.50. Multiply that by 3 and get 16.50!

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

The computation of the monthly payment is shown below:

Given that

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Answers

Answer:

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