answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lana71 [14]
2 years ago
5

When Madiha was born, her aunt opened a certificate of deposit in her honor to help send her to college someday. now at the age

of 18, there is $31,066 in Madiha's account. how much did her aunt originally invest if the interest rate was 6.5%? (round to the nearest dollar)
A.$375
B.$12,500
C.$10,000
D.$8,000
Mathematics
1 answer:
ziro4ka [17]2 years ago
5 0

Answer:

C.$10,000

Step-by-step explanation:

Let X be the amount of initial investment, 6.5% be the compound interest, n=18years and $31,066 as the final amount:

#Using compound interest:

A=P(1+i)^n\\\\\Where \ A=31066,i=6.5\%, n=18,P=X\\\\31066=P(1+6.5\%)^{18}\\\\31066=P(1.065)^{18}\\\\P=\frac{31066}{3.106654}\\\\P\approx10000

Hence, the amount initially ionvested is $10,000

You might be interested in
Which statement correctly describes the slope of the linear function that is represented by the data in the table? x y 8 –8 8 –4
spin [16.1K]

Answer:

Step-by-step explanation:

slope=change in y/change in x

one way is t pick 2 points, (x1,y1) and (x2,y2)

the slope is (y2-y1)/(x2-x1)

pick some points

(8,4) and (8,0)

slope=(0-4)/(8-8)=-4/0=undefined

the slope is undefined

there is no slope.

5 0
2 years ago
Read 2 more answers
Staci is attending a music festival. The ticket to the festival costs $87.96. Staci plans to purchase $30.00 t-shirts from the e
STatiana [176]

Answer:

she can buy 3 T-shirts

Step-by-step explanation:

200.00-87.96=112.04

112.04-30-30-30=22.04

5 0
2 years ago
Michael has $1.95 totally in his collection, consisting of quarters and nickels. The number of nickels is three more than the nu
Triss [41]
1 nickel=$0.05
1 quarter=$0.25
let the number of quarters be x, the number of nickels will be 3+x
thus:
0.05(3+x)+0.25x=1.95
0.05x+0.15+0.25x=1.95
0.30x=1.8
x=6
thus the number of quarters is 6
the number of nickels=6+3=9
4 0
2 years ago
shanti wrote the predicted values for a data set using the line of best fit y = 2.55x – 3.15. she computed two of the residual v
Delvig [45]
<span>The question asks us to determine the values for a and b in the linear equation. Linear equation in the slope-intercept form is : y = a x + b. This equation is: y = 2.25 x - 3.15. The slope: a = 2.25 and the y-intercept is: b = -3.15. Answer: a = 2.25 and b = - 3.15.</span>
8 0
2 years ago
Read 2 more answers
Lisa says that the indicated angles cannot have the same measure. Marita disagrees and says she can prove that they can have the
AlexFokin [52]
I agree with Marita, that the angles could have the same measure.  This can be proven if you set the two amounts equal and solve for x. 

9x - 25 + x = x + 50 + 2x - 12

To begin, we should combine like terms on both sides of the equation to start simplifying the equation.

10x - 25 = 3x + 38

Next, we should subtract 3x from both sides and add 25 to both sides to get the variable x alone on the left side of the equation.

7x = 63

Finally, we should divide both sides by 7, to get rid of the coefficient of x.

x = 9

If you plug in 9 for x in our first equation, you get that both of the angle measurements equal 65 degrees.  This means that Marita is correct, because if x = 9, then the angles would have the same measure.


8 0
2 years ago
Other questions:
  • Monica’s school band held a car wash to raise money for a trip to a parade in New York City. After washing 125 cars, they made $
    11·2 answers
  • Matt has a block. He uses one of the flat surfaces of the block to trace a triangle. What type of solid figure is Matt's block?
    7·2 answers
  • Workers on the assembly line produce 4x + 6 boats each day. Which expression shows how many boats they produced in 12 days?
    7·2 answers
  • Find an equation of the largest sphere contained in the cube determined by the planes x = 2, x = 16; y = 4, y = 18; and z = 7, z
    5·1 answer
  • Jeannine runs a mobile dog bathing service, and the amount of money she earns varies directly with the number of dogs she bathes
    12·2 answers
  • An English professor assigns letter grades on a test according to the following scheme. A: Top 7% of scores B: Scores below the
    14·1 answer
  • If the average (arithmetic mean) of 2,7, and x is 12, what is the value of x
    14·1 answer
  • 5. Write an equation for the line that is parallel to the given line and that passes through the given point. y = –5x + 3; (–6,
    9·1 answer
  • A taxi cab in myrtle beach charges $2 per mile and $1 for every person. If a taxi cab ride for two people costs $12, how far did
    7·1 answer
  • Given: l || m; ∠1 ∠3 Prove: p || q Horizontal and parallel lines l and m are intersected by parallel lines p and q. At the inter
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!