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2 years ago

If a person invests $220 at 7% annual interest, find the approximate value of the investment at the end of 10 years.

Mathematics

2 answers:

xz_007 [3.2K]2 years ago

6 0

The amount is $432.77 and the interest is $212.77

frez [133]2 years ago

5 0

$\bf ~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$220\\ r=rate\to 7\%\to \frac{7}{100}\dotfill &0.07\\ t=years\dotfill &10 \end{cases} \\\\\\ A=220[1+(0.07)(10)]\implies A=220(1.7)\implies A=374$

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Carl bought some stock at $25 a share it increased 1 1/2 times its value. How much is the stock per share ?

jolli1 [7]

Answer: $37.50 per share

Step-by-step explanation:

Take the difference in the final price and the original price. Divide by the original price and multiply by 100.

37.5-25= 12.5

12.5/25= .50

.50*100= 50%

The other answers are $12.50 per share, and

The new stock is worth $37.50 per share.

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2 years ago

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Q. Fine Floors can install 15 square yards of carpeting in 4 hours and 30 minutes. At this rate, how

creativ13 [48]

It takes 5.22 hours to install carpeting in a room

Step-by-step explanation:

At first lets find the relation between yard, feet and inch

1. 1 yard = 3 feet

2. 1 foot = 12 inches

3. 1 yard = 36 inches

Let us change all measures to inches

∵ 1 yard = 36 inches

∴ 1 yard² = (36)² inches²

- Fine Floors can install 15 square yards of carpeting in 4 hours and

30 minutes

∵ 15 yard² = 15 × (36)² inches²

∴ 15 yards² = 19440 inches²

∵ 1 hour = 60 minutes

∴ 30 minutes = 30/60 = 0.5 hour

∴ 4 hours and 30 minutes = 4.5 hours

∴ Fine Floors can install 19440 inches² in 4.5 hours

∵ The dimensions of the room are 11 feet 9 inches by 13 feet 4 inches

∵ 1 foot = 12 inches

∴ 11 feet 9 inches = 11 × 12 + 9 = 141 inches

∴ 13 feet 4 inches = 13 × 12 + 4 = 160 inches

∴ The area of the room = 141 × 160 = 22560 inches²

Now lets use the ratio method to answer the question

⇒ area of carpeting (in²) : time of carpeting (hr)

⇒ 19440 : 4.5

⇒ 22560 : h

By using cross multiplication

∴ 19440 h = 4.5 × 22560

∴ 19440 h = 101520

- Divide both sides by 19440

∴ h = 5.22 hrs

It takes 5.22 hours to install carpeting in a room

Learn more:

You can learn more about the rate in brainly.com/question/13053630

#LearnwithBrainly

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2 years ago

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Shawna is making smoothies. The recipe calls for 2 parts yogurt to 3 parts blueberries. Shawna wants to make 10 cups of smoothie

vesna_86 [32]

20 cups yogurt and 30 cups blueberry

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2 years ago

The number of airline passengers in 1990 was 466 million. The number of passengers traveling by airplane each year has increased

taurus [48]

Answer:

2010.

Step-by-step explanation:

We have been given an exponential growth formula $P(t)=466\cdot 1.035^t$ , which represents number of passengers traveling by airplane since 1990.

To find the year in which 900 million passengers will travel by airline, we will equate the given formula by 900 and solve for t as:

$900=466\cdot 1.035^t$

$\frac{900}{466}=\frac{466\cdot 1.035^t}{466}$ $1.9313304721030043=1.035^t$

Take natural log of both sides:

$\text{ln}(1.9313304721030043)=\text{ln}(1.035^t)$

Using property $\text{ln}(a^b)=b\cdot \text{ln}(a)$ , we will get:

$\text{ln}(1.9313304721030043)=t\cdot \text{ln}(1.035)$

$0.658209129198=t\cdot 0.034401426717$

$\frac{0.658209129198}{0.034401426717}=\frac{t\cdot 0.034401426717}{0.034401426717}$

$19.1331927775=t\\\\t=19.1331927775$

This means that in the 20th year since 1990, 900 million passengers would travel by airline.

$1990+20=2010$

Therefore, 900 million passengers would travel by airline in 2010.

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1 year ago

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Answer: c

Step-by-step explanation:

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2 years ago

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