Nancy deposits $2500 into an investing account that pays 6.1% annual interest compounded quarterly. What will be the balance after 10 years? Round to the nearest cent.

Answers

Answer 1

Step-by-step explanation:

P=principle balance

r= interest rate

n= no. of times interest compounded per year

t= time period.

[tex]A = P {(1 + \frac{r}{n}) }^{nt} \\A = 2500 ({1 + \frac{ \frac{6.1}{100} }{4} )}^{4(10)} \\ A = 2500 {(1 + \frac{0.061}{4} )}^{40} \\ A = 2500 {(1 + 0.01525)}^{40} \\ A = 2500 {(1.01525)}^{40} \\ A = 4579.94[/tex]

BRAINLIST PLS

Answer 2

Based on the information given the balance after 10 years is $4579.94

Balance after 10 years

Using this formula

Amount=P(1+r/n)^nt

Where:

P=principle balance=2500

r= interest rate=6.1%

n= Number of times interest compounded per year=4

t= time period=10 years

Let plug in the formula

Amount=2500(1+0.061/4)^4×10

Amount=2500(1+0.01525)^40

Amount=2500(1.01525)^40

Amount=$4579.94

Inconclusion  the balance after 10 years is $4579.94

Learn more about  balance after 10 years here:https://brainly.com/question/25545513


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692.5

Step-by-step explanation:

Answer:

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A rocket is launched from a tower. The height of the rocket, y in feet, is related to the time after launch, x in seconds, by the given equation. Using this equation, find the maximum height reached by the rocket, to the nearest tenth of a foot.
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Answers

Answer:

470.1

Step-by-step explanation:

Since this is a parabola that opens down, the maximum height is where the graph has a horizontal tangent line.

This is where the derivative=0

Since it is a parabola that opens down, we do not need to test the sides of the point where the derivative=0 as the vertex is a local maximum and the only point with a horizontal tangent.

y=[tex]-16x^2+146x+137[/tex]

y'=[tex]-32x+146[/tex]=0

-32x+146=0

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Now plug this back into the original equation to find the maximum height.

f(73/16)=[tex]-16(\frac{73}{16})^2+146(\frac{73}{16} )[/tex]+137

=[tex]\frac{-73^2}{16} +666.125+137[/tex]

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Answer:

Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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It is normal for some newborn babies to lose weight in their first week of life. Baby Todd's birth weight was 10 pounds. One week after being born, he is 10% lighter. What is Todd's current weight? pounds Submit

Answers

Answer:

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Step-by-step explanation:

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Have a nice day!

     I hope this is what you are looking for, but if not - comment! I will edit and update my answer accordingly. (ノ^∇^)

- Heather

Answer:

9 pounds

Step-by-step explanation:

10% of 10 pounds is 1 pound so baby Todd's current weight is 9 pounds.

The cost x of the Sennet family’s meal at a restaurant is $172.65, and they tip 20%. Write and use an equation to find the total cost y of the dinner.

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

The location of the tree can be found by taking point A as the origin of

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Response:

The the graph showing the location where Tom can plant the tree is attached.

Method used to find the location for planting the tree

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Answers

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Step-by-step explanation:

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