if you placed $5 into an account that paid interest at a rate of 5%, and compounded interest yearly, how much would that account be worth in 100 years

Answers

Answer 1

After adding interest the sum would be worth $657.51 .

Interest is the amount paid over and above the original amount to a lender or depositor by a borrower or deposit-taking financial institution at a predetermined rate in the domains of finance and economics (the amount borrowed).

Interest differs from any fees the borrower may be required to pay to the lender or another party.interest also contrasts from a dividend, which is cash distributed to shareholders (owners) by a corporation from its profit or reserve, but not at a predefined rate or proportionally; rather, it is a portion of the reward or interest gained by risk-taking businessmen when revenue is made that surpasses all expenditures.

Interest when the principal is $5 , time is 100 years and rate is 5%.

We know that from compound interest:

Amount = principal (1 + rate)ⁿ

Therefore

Amount = 5 (1 +0.05)¹⁰⁰

Amount = $657.5062...

Amount ≈ $657.51

Therefore adding interest the sum would be worth $657.51


Related Questions

What is the constant of proportionality in the equation y=3x, equals, 3, x?
constant of proportionality =equals

Answers

, The constant proportionality is 3

What is Proportionality Constant ?

The proportionality constant is the ratio between two variables that varies directly . For directly proportional variables, their ratio is always a constant and this constant is the proportionality constant.

Now, We have the equation is:

y = 3x

To get the constant of proportionality,

we will derive both sides of the equation by x.

y/x = 3x/x

y/x = 3

Hence, The constant proportionality is 3

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If the first two terms of an arithmetic sequence are 3 and 9, what would be the explicit equation for this sequence?

Answers

The explicit equation of the sequence is an = 3 + (n-1)*6

First term = 3

Second term = 9

A series of numbers in mathematics whose each term is always expressed as a, a+d, a+2d, or a+3d. An arithmetic progression is defined as a + (n-1)d, where a is the first term,d is the common difference of the series and n is the number of terms in the sequence

Any two continuous terms in the arithmetic sequence differ by the same number.

Arithmetic sequence is given by an = a + (n-1)d

So, the common difference = 9-3 = 6

a = 3

Substituting the values in the formula we get:

For nth term: an = 3 + (n-1)*6

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Pls, help me with MATH!!!

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The total amount accrued, principal plus interest, from simple interest on a principal of $1,500.00 at a rate of 3.5% per year for 30 years is $3,075.00. With a principal of £1,500.00 and an interest rate of 3.5% over a 30-year period, Sarah-Jane will save UK £1,575.00. It is undoubtedly a wise investment because the original UK £1,500 doubled.

What is Simple Interest?

Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principal, and the number of days between payments are multiplied to calculate simple interest.

What is the formula for Simple interest?

A = P(1 + RT)

A=Final Amount

P = Principal

R = Rate of Interest

T = Time period

Here,

A = $3,075.00

I = A - P = $1,575.00

A = P(1 + rt)

First, converting R percent to r a decimal

r = R/100 = 3.5%/100 = 0.035 per year.

Solving our equation:

A = 1500(1 + (0.035 × 30)) = 3075

A = $3,075.00

$3,075.00 is the total amount accrued from simple interest on a principal of $1,500.00 at a rate of 3.5% per year for 30 years (principal plus interest). In a 30-year loan with a £1,500.00 principal and a 3.5% interest rate, Sarah-Jane will save UK £1,575.00. The original UK £1,500 doubled, so it is unquestionably a smart investment.

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amber wants to have $300,000

Answers

Answer:

i hope i can answer your question

Step-by-step explanation:

Amber wants to have $300,000 so i don't see another number that you can solve on maybe type that first so i can answer please

Solve the formula Aa + By = C for B.

Answers

A literal equation is one that is mostly made up of letters. Examples of literal equations include formulas.  

What is literal equation?

A literal equation is one that is mostly made up of letters. Examples of literal equations include formulas. Every variable in the equation "literally" represents a crucial aspect of the overall relationship that the equation expresses. Multiple letters or variables make up a literal equation. Examples include the formula for calculating speed (v=Dt) and the area of a circle (A=r2). In this part, we resolve straightforward one-variable equations.

Alternatively,

Ax +By = C

Any sign that crosses over equal(=) signs always change

In this case, Ax crosses over to C

By = C - Ax

To eliminate y from By, then

By/y = (C - Ax) /y

y cancel out y on the left side

B  = (C - Ax) /y

The complete question is,

Solve for B in the literal equation Ax+By=C

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The cost of belonging to a gym can be modeled by C(m) = 50m + 79.50, where C(m) is the totalcost for m months of membership.State the meaning of the slope and y-intercept of this function with respect to the costs associatedwith the gym membership.Show all steps

Answers

Given:

The cost of belonging to a gym can be modelled by,

[tex]C\left(m\right)=50m+79.50[/tex]

To find:

The slope and the y-intercept

Explanation:

The equation is of the slope-intercept form of the linear equation,

[tex]y=mx+c[/tex]

Where m is the slope and c is the y-intercept.

Comparing we get,

[tex]\begin{gathered} m=50 \\ c=79.50 \end{gathered}[/tex]

Here, the slope represents the cost per month of membership and the y-intercept represents the fixed initial fee to be given to the gym for joining.

Final answer:

• The slope is 50.

,

• The y-intercept is 79.50.

Sandra saves 9% of her salary for retirement. this year her salary was $3,000 more than in the previous year, and she saved $4,050. what was her salary in the previous year?

Answers

Answer:

She earned $42,000 in the previous year

Step-by-step explanation:

9% can be rewritten as 0.09

0.09x is 4050

divide both sides by 0.09

0.09x becomes x

4050 becomes 45,000

then we subtract 3,000 from 45,000 to find the previous years salary

I need help finding the value of x for these problem?

Answers

ANSWER

No 3. x = 41 degrees

No 4. x = 6.5 degrees

EXPLANATION

Question 3

Note: One of the angles in a right triangle is 90 degrees. As a result, the sum of the other two angles is 90.

That is:

[tex]\begin{gathered} 45+(x+4)=90 \\ x+4=90-45 \\ x=45-4 \\ x=41^0 \end{gathered}[/tex]

Question 4

Note: The sum of angles in a triangle is 180

That is:

[tex]\begin{gathered} 31+97+8x=180 \\ 128+8x=180 \\ 8x=180-128 \\ 8x=52 \\ x=\frac{52}{8} \\ x=6.5^0 \end{gathered}[/tex]

In the diagram, M is the midpoint of AB.

Support the following argument for AM = MB by
writing the reason that validates each statement.

A. Definition of midpoint

B. Definition of congruent segments

C. Given information

We know that M is the midpoint of AB.

This means that AM = MB.

Therefore, AM=~MB.

Answers

Answer:

It goes

1.) C

2.) A

3.) B

please solve this with solution thankyou.​

Answers

The value of the function operation of each one is represented below.

Function Operation

To solve this problem, we have to perform the operation on each one.

f(x) = 2x + 4g(x) = x^2 + 4x + 4h(x) = x^2 - 4

1) (fg)(x)

[tex](fg)(x) = 2x^3 + 12x^2 + 24x + 16[/tex]

2) (hg)(x)

[tex](hg)(x) = x^4 + 4x3 -16x -16[/tex]

3)

(fh)(2)

[tex](fh)(2) = 0[/tex]

4) (gh)(x)

[tex](gh)(x) = x^4 + 4x^3 - 16x -16[/tex]

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Which of the following numbers are perfect squares?
Select all that apply.
A 27
B 36
C 108
D 121

Answers

Answer:

B 36

Step-by-step explanation:

36 = 6×6 = 6^2

6^2 is a perfect square

B 36
6x6 = 6^6
That should help

2
4x + 1
4
3
6
5
2x + 41
7
What is the value of x?
V

Answers

Answer:

x = 20

Step-by-step explanation:

4x + 1 and 2x + 41 are alternate exterior angles and are congruent , then

4x + 1 = 2x + 41 ( subtract 2x from both sides )

2x + 1 = 41 ( subtract 1 from both sides )

2x = 40 ( divide both sides by 2 )

x = 20

(root 10 - root 2 )^2

Answers

not that bad

goodluck tho :)

Any help can’t get the answer right

Answers

Answer:

-2

Step-by-step explanation:

f(x) = 2x, g(x) = x - 4

f(g(3)) = f(-1) = 2(-1) = -2

There's a roughly linear relationship between the number of times a species of
cricket will chirp in one minute and the temperature outside. For a certain
type of cricket, this relationship can be expressed using the formula
T= 0.27c+ 31, where T represents the temperature in degrees Fahrenheit
and c represents the number of times the cricket chirps in one minute. What
is the meaning of the c-value when T = 77?

Answers

Answer:

B

Step-by-step explanation:

i had the thing 2 days ago lol

Answer:

Step-by-step explanation:

T = 0.27·c + 31

0.27·c = T - 31

c = (T - 31) / 0.27 = (77 - 31) / 0.27 ≈ 170

Answer:

170 times a minute a cricket chirps at 77° F

NEED HELP ERGENT!!!
Round
your answer to the nearest tenth of a mile.
Three boats are at sea: Jenny one (J1), Jenny two (J2), and Jenny three (J3). The crew of
J1 can see both J2 and J3. The angle between the line of sight to J2 and the line of sight to
J3 is 45 degrees. If the distance between J1 and J2 is 2 miles and the distance between J1
and J3 is 4 miles, what is the distance between J2 and J3?

Answers

The distance between J1 and J2 is 2.94 miles using cosine rule.

What is cosine rule?

Cosine rule relates to the lengths of the sides of a triangle with any of its angles being a cosine angle. With the help of this rule, we can calculate the length of the side of a triangle or can find the measure of the angle between the sides.

cos x = ([tex]b^{2} +c^{2} -a^{2}[/tex])/2bc

x = 45

b = 4

c = 2

to find a

cos 45 = 4(4) +2(2) - [tex]a^{2}[/tex]/2(4)(2)

1/[tex]\sqrt{2}[/tex] = 16 +4 - [tex]a^{2}[/tex]/16

16/[tex]\sqrt{2}[/tex] = 20 - [tex]a^{2}[/tex]

a = 2.94

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If sin - cos = 0 , then the value of sin^4 + cos^4 is

Answers

Answer:

sinθ-cosθ = 0

sinθ= cosθ

sinθ/cosθ = 1

tanθ = 1

Bu tan45 = 1

So,

tanθ=tan45

θ = 45°

sin45 = 1/√2  cos45 = 1/√2

sin⁴θ+cos⁴θ  = (1/√2)⁴+(1/√2)⁴

                     = 1/4+1/4 = 2/4 = 1/2 = 0.5

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Hope this helped you..................

whats the equation for X 3?

Answers

we need to verify for each equation if x=3 is a solution. If we replace x by 3 in the first equation we get

[tex]\begin{gathered} 9\cdot3-7=20 \\ 27-7=20 \\ 20=20 \end{gathered}[/tex]

so the answer is letter A

Your six year and three month investment of $40,000 at 14% compound interest is worth how much now? ​

Answers

Answer:

price ×time×rate/100 40000×6×14/100

33600

Danae is choosing between two jobs. One job pays an annual bonus of $1,500 plus $120 per day worked. The second job pays an annual bonus of $2,500 plus $110 per day worked. Which equation can be solved to determine after how many days, d, Danae would make the same amount of money regardless of the job she chooses?

a.) 120d + 110d = 1,500 + 2,500
b.) 120 + 110 = 1,500d + 2,500d
c.) 120d + 1,500 = 110d + 2,500
d.) 120d + 2,500 = 110d + 1,500

Answers

The equation that can be solved to determine the number of days when both jobs would have the same cost is 120d + 1,500 = 110d + 2,500.

What is the equation?

The equations that would be formed would be linear equations. A linear equation is an equation that has a single variable that is raised to the power of one. A linear equation is a straight line when it is drawn on a graph.

The equation that represents the total bonus of the first job is: fixed pay + total variable pay

1,500 +( $120 x d)

1,500 + 120d

The equation that represents the total bonus of the second job is: fixed pay + total variable pay

$2,500 + ($110 x d)

$2,500 + $110d

When the amount at both jobs are equal, the two above linear functions would be equal

$2,500 + $110d = 1,500 + 120d

Combine similar terms together:

$2,500 - $1,500 = $120d - $110d

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As the sample size becomes larger, the sampling distribution of the sample mean approaches a.

Answers

The sampling distributions reach a normal distribution as sample sizes increase.

What is termed as the normal distribution?The proper term for just a probability bell - shaped curve is the normal distribution.The mean of a normal distribution is zero, and the standard deviation is one. It has a skew of 0 and a kurtosis of 3.Even though all symmetrical distributions are normal, not all normal distributions are symmetrical.Many naturally occurring phenomena resemble the normal distribution.

For the given statement in the question-

As sample sizes grow larger, sampling distributions reach a normal distribution.

The mean of the sampling distribution equals the population mean (µ) (with "infinite" numbers of the successive random samples).

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does anyone know how to solve this questions im confused. Thank you so much is you help!

Answers

Answers:

[tex]g(f(\text{x})) = -3\text{x}^2+3[/tex]

[tex]g(f(2)) = -9[/tex]

=======================================================

Explanation:

Let's compute g(f(x))

We do this by starting with the outer function g(x). Then replace every x with f(x). Then plug in the definition of f(x) as shown below.

[tex]g(\text{x}) = \text{x}-1\\\\g(f(\text{x})) = f(\text{x})-1\\\\g(f(\text{x})) = 4-3\text{x}^2-1\\\\g(f(\text{x})) = -3\text{x}^2+3\\\\[/tex]

At this point, we then plug in x = 2 so we can find that...

[tex]g(f(\text{x})) = -3\text{x}^2+3\\\\g(f(2)) = -3(2)^2+3\\\\g(f(2)) = -3(4)+3\\\\g(f(2)) = -12+3\\\\g(f(2)) = -9\\\\[/tex]

Find the value of each variable and the measure of each labeled angle

Answers

The 'x' and 'y' variables and the 4 angles are highlighted in the boxes

Tasha earns $400 per week plus a commission of 10% on her weekly sales. Each week she saves One-fourth of her earnings. In the expression , what does the expression 400 + 0.1s represent in this situation?

Answers

The expression 400 + 0.1s represents her total weekly earnings.

What is an expression?

An expression is written in the form of variables and constants separated by the operation of addition and subtraction. There are many types of expressions some of them are algebraic expression, trigonometric expression, logarithmic expressions, and many more.

Given Tasha earns $400 per week plus a commission of 10% on her weekly sales.

She also saves one-fourth of her earnings.

Assuming the amount she makes on sales is s.

∴ The expression that represents her total weekly earnings is,

= 400 + 0.1s.

As 10% in decimal can be written as (10/100) = 0.1.

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Under her cell phone plan, Mayerlin pays a flat cost of $55 per month and $5 per
gigabyte. She wants to keep her bill under $70 per month. Write and solve an
inequality which can be used to determine x, the number of gigabytes Mayerlin can
use while staying within her budget.

Answers

The  inequality can be represented as 55 + 5x < 70

what is Inequality?

Mathematical expressions with inequalities are those in which the two sides are not equal. Contrary to equations, we compare two values in inequality. Less than (or less than or equal to), greater than (or greater than or equal to), or not equal to signs are used in place of the equal sign.

Given:

Mayerlin pays a flat cost of $55 per month and $5 per gigabyte.

She wants to keep her bill under $70 per month.

let  x be the number of gigabytes Mayerlin can use.

So, the inequality can be represented as

55 + 5x < 70

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100 POINTS + BRAINLEIST

Answers

Answer:The midsegment of a trapezoid is parallel to each base, and its length is one-half the sum of the lengths of the bases. If MN is the midsegment of trapezoid ABCD, then MN || AB, MN || DC, and MN = (AB + CD).

Step-by-step explanation:

Answer:

MN is 1/2 of DC

Step-by-step explanation:

DC= 44

MN= 22

1+1+1-1-5-5r-3-3--2-6--4

Answers

Step-by-step explanation:

1 + 1 + 1 - 1 - 5 - 5r - 3 - 3 --2 - 6 --4

3 - 1 - 5 - 5r - 3 - 3 -- 2 - 6 -- 4

2 - 5 - 5r - 3 - 3 -- 2 - 6 -- 4

-3 - 5r - 3 - 3 -- 2 - 6 -- 4

-5r - 6 - 3 + 2 - 6 + 4

-5r - 9 + 2 - 6 + 4

-5r - 7 - 6 + 4

-5r -13 + 4

-5r - 9

This is the furthest it can be reduced to if you're not trying to find the value of r.

Hope this helps! :)

10% of the 70 students in the school orchestra are performing a solo at the spring concert. How many students are performing a solo?

Answers

Answer:

7 soloists

Step-by-step explanation:

10%   is  .1 in decimal form

70  x  0.1 = 7 soloists

Answer:

Step-by-step explanation:

Which expression is equivalent to 3(−4.5b − 2.1) − (6b + 0.6)?
19.5b + 1.5
−19.5b − 1.5
−19.5b − 6.9
19.5b − 6.9

Answers

The given expression is equivalent to the third option -19.5b - 6.9. We get this on solving the algebraic expression.

The given expression in the question is

3(-4.5b-2.1) - (6b +0.6)

= -13.5b - 6.3 - 6b - 0.6         (multiplying 3 and -1 respectively with the elements in the bracket)

= -19.5b - 6.9

Therefore we can see that on solving the given algebraic expression we get that it is equivalent to -19.5b - 6.9

Hence the third option which is -19.5b -6.9 is the correct answer.

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What is the equation of a line that passes through the point (2, −10) and is parallel to 14x+2y=6 ?

Enter your answer in the box.

Answers

The equation of the line passes through (2, -10) and to parallel to 14x +2y =  6 is 7x + y = 4

In the above question,

The equation of the line = 14x + 2y = 6

2y = 6 - 14x

y = [tex]- \frac{14x - 6}{2}[/tex]

y = -(7x - 3)

y = -7x + 3

The inclination of a line with respect to the horizontal is measured numerically is called as Slope

Slope of the given line = -7

The slope of a line parallel to the given line would be the same as they both are parallel to each other, hence the needed line's slope is also -7

The point through which is passes = (2, -10)

We need to find the equation of the line which passes through (2, -10) and to parallel to 14x +2y =  6

The equation of a line parallel to the given 14 x + 2 y = 6, and passing through the point (2, -10) is

[y - (-10)] = (-7)[x - 2]

y + 10 = -7x + 14

7x + y = 14 - 10

7x + y = 4

Hence, the equation of the line passes through (2, -10) and to parallel to 14x +2y =  6 is 7x + y = 4

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