Mathematics College

A retiree invests $7,000 in a savings plan that pays 7% per year. What will the account balance be at
the end of the first year?

Answers

Answer 1

Answer:

$6510

Step-by-step explanation:

First thing that should come to mind is: What is 7% of $7000?

Well, if you don't know how to find a percent of something, this is the formula you use:

7000 x 0.07 = 490.

In the first year, they will receive 490 out of the 7000 they've invested.

7000 - 490 = 6510.

Therefore, the account balance at the end of the first year will be 6510.

Answer 2

The account balance at the end of first year will be equal to $6510.

What do you mean by percentage ?

Percentage is the relative value indicating one hundredth part of any quantity.

It is given that a retiree invests $7000 in a savings plan which pays 7% per year.  So , it meant that we need to calculate that what is the value 7% of $7000.

So , 7% of $7000 is :

= 7000 × [tex]\frac{7}{100}[/tex]

= $490

It is known that this amount is paid as per plan per year. So, to find out the account balance at the end of the first year , we need to subtract the invested amount to the amount per year at 7%.

So , the account balance at the end of first year will be :

= 7000 - 490

= $6510

Therefore , the account balance at the end of first year will be equal to $6510.

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Related Questions

Solve for x: wx-x=d
w does not equal 1

PLEASE HELP NEED ASAPPP WILL GIVE BRAINLIEST TO FIRST CORRECT ANSWERRRR

Answers

Answer:

x=w/1+yz

Step-by-step explanation:

Hope this helped!

PRACTICE ANOTHER A random sample of 100 people was taken. Eighty-two of the people in the sample favored Candidate A. We are interested in determining whether the proportion of the population in favor of Candidate A is significantly more than 79%. We know that the p-value is 0.2307. At the 0.05 level of significance, it can be concluded that the proportion of the population in favor of candidate A is

Answers

Answer:

0.2307 > 0.05, which means that we accept the null hypothesis, that is, that the population proportion in favor of candidate A is close to 0.79, that is, it is not significantly more than 0.79.

Step-by-step explanation:

We are interested in determining whether the proportion of the population in favor of Candidate A is significantly more than 79%.

This means that the null hypothesis is:

[tex]H_{0}: p = 0.79[/tex]

And the alternate hypothesis is:

[tex]H_{a}: p > 0.79[/tex]

We know that the p-value is 0.2307. At the 0.05 level of significance, it can be concluded that the proportion of the population in favor of candidate A is?

0.2307 > 0.05, which means that we accept the null hypothesis, that is, that the population proportion in favor of candidate A is close to 0.79, that is, it is not significantly more than 0.79.

Solve for u. -5u/8=-10​

Answers

Answer:

u  16

Step-by-step explanation:

PLS HELP WILL GIVE BRAINLIEST IVE BEEN ASKING FOREVER :(((((

Answers

Answer:

     __

C) 0.36

Step-by-step explanation:

4÷11= 0.36363636363636

so it's 0.36 with a line over it indicating a repeating decimal

Solve the equation. Find all real solutions.
9r3 - 144r = 0

Answers

Answer:

r=0

Step-by-step explanation:

9r x 3 - 144r = 0

27r-144r=0

-117r=0

r=0

How many years will it take for your salary to be $105,000 per year?

Answers

Depends on the job your asking for

Answer:

simple answer in edmentum

Step-by-step explanation:

9. Dawn has 338 peanuts and 13 boxes. If she wants to pack an equal number of peanuts in each box, how many peanuts will there be in each box?NO HACKERS AND I NEED ANSWERS QUICK​

Answers

Answer:

26 in each box

Divide the total of 338 peanuts by 13 boxes (338÷13=26)

Find the GCF of 2m^5 and 28m4
a. 28m^4
b. m^4
c. 2m^4
d. 2m

Answers

i think D would make the most sense

After painting 3/8 of a fence he finds that he has painted 15 feet

Answers

Answer:

whats the question? theres no context other than that little bit

Answer:

The fence is 40 feet long.

Step-by-step explanation:

I suppose the question is "What is the length of the entire fence?"

Formula

3/8 x = 15                     Multiply both sides by 8

8*(3/8)x = 15*8             Cancel

3x = 120                       Divide by 3

3x/3 = 120/3

x = 40

p=. RS. 200, R= 6%per six months. T= 3years​

Answers

Answer:

36

Step-by-step explanation:

200×3×6/100 =36.is the ans

The area of a rectangular deck is 680 square feet. The deck's width is 17 feet. What is the length?

Answers

Answer:

40

Step-by-step explanation: im sorry i dont know how to explain but hope this helps!

Answer:

ik what ur doing

Step-by-step explanation:

thsdpgiojojotnhtofkghbtnkjwalhbwgjknhbwthjgl;n: it is A aka 40 ft


This solid was created by joining two right rectangular prisms.
7 cm
9 cm
5 cm
4
4 / 3cm
12 cm
Enter the volume of the solid in cubic centimeters.

Answers

Answer: 648

Step-by-step explanation:

Sarah is going to invest $280 and leave it in an account for 9 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Sarah to end up with $410?

Answers

Answer:

4.2%

Step-by-step explanation:

Which number completes the inequality? 2/3

Answers

Answer: it’s 3/4

Step-by-step explanation: you have to make the Denominator equal for all of them In order to be able to compare. So if you make the denominator equal to 36 you then have to multiply the numerator by the same number you did for the denominator. Once doing that you will find that 24/36 < 27/36 < 28/36

Plz brainliest.

I need help. This is due in a few minutes.

Answers

Answer:

choose the 3rd one is the one

Use the elimination method to solve the system of equations.Choose the correct ordered pair. -x + y -2 , 2x -3y = 4​

Answers

Answer:

To use the elimination method one coefficient of either x or y must be the same number with opposite signs, so the ordered pair is (-10, -8)

Step-by-step explanation:

2(-x+y=2) Make one of the coefficients equal, with opposite signs.

2x-3y=4  Combine equations.

-y=8 Solve, y=-8

Then find x, -x-8=2

-x=10, so x= -10

(-10, -8) is your answer.

Here it is sry and thx!

Answers

Answer:

B

Step-by-step explanation:

hard to explain xD

Answer:

#2

Step-by-step explanation:

1x60+45=105

2x60+45=165

3x60+45=225

4x60+45=285

Find the area of the square.
A =
m4
2

Answers

Area of square = side^2
The side is 1/3
1/3^2 = 1/9
The area would be 1/9m^2


You are cutting pieces of fabric for a craft project. You need three pieces that measure 6 2/3 inches, 4 1/2inches, and 3 5/8inches.
What is the total length of fabric that you need ?

Answers

Answer:

You need 14 19/24 inches of fabric

Step-by-step explanation:

We'll need a common denominator between 2/3, 1/2, and 5/8. 24 is the least (lowest) common denominator.

3 x 8 = 24, so we multiply the numerator and denominator by 8 and  6 2/3 becomes 6 16/24ths

2 x 12 = 24, so we multiply the numerator and denominator by 12, and 4 1/2 becomes 4 12/24

8 x 3 = 24, so we multiply the numerator and denominator by 3, and 3 5/8 becomes 3 15/24.

Now we are adding 6 16/24 + 4 12/24 + 3 15/24

6 16/24 + 4 12/24 + 3 15/24 = 6 + 4 + 3 + 16/24 + 12/24 + 15/24

= 13 + 43/24 = 14 19/24

Please lmk if  you have questions.

William says that 15years from now his age will be 3 times his age 5 years ago if x represents williams present age complete the following sentences

Answers

Answer:

Is the question complete

In the formulae below, make x the subject:
1. a) P = 2mx​

Answers

Answer:

x = P/2m

Step-by-step explanation:

x is the subject of the formula, and we can express it as: x = P / (2m)

How make x the subject

To make x the subject in the formula P = 2mx, we can rearrange the equation to isolate x on one side.

Starting with the equation:

P = 2mx

To solve for x, divide both sides of the equation by 2m:

P / (2m) = (2mx) / (2m)

This simplifies to:

P / (2m) = x

Therefore, x is the subject of the formula, and we can express it as:

x = P / (2m)

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Can someone help me?

Answers

no i will not help you

Please help I'll give brainliest ​

Answers

Answer:

m∠A = 130

Step-by-step explanation:

Here, In a given figure

m∠A = 2x - 30°

Now, we know that the sum of all angle is 180° on a straight line

So,

2x - 30° + 50° = 180°

2x + 20° = 180°

2x = 180° - 20°

2x = 160°

x = 160° ÷ 2

x = 80°

Here, we get the value of x is 80°

Now,

m∠A = 2x - 30°

m∠A = 2(80°) - 30°

m∠A = 160° - 30°

m∠A = 130

Thus, m∠A = 130

-TheUnknownScientist

In AJKL, j = 55 inches, k = 51 inches and L=38°. Find the area of AJKL, to the
nearest square inch.

Answers

Answer:

863

Step-by-step explanation:

From reference sheet.

Plug in values.

Area≈863.465≈863

Evaluate and round.

ANSWER !!
ILL GIVE 40 POINTS !!
DONT SKIP :((
PLUS BRAINLIEST !

Answers

Answer:

Step-by-step explanation:

Root of forty rational root of forty times negative one irrational, root of forty times negative one rational, root of forty plus negative one irrational.

I believe this is right because rational should be positive and ir should be negative.......

The amount of revenue for a business can be modeled by the function
H(t) = 8400(3)2. Write an equivalent function of the form H(t) = ab'.

Answers

Answer:

Step-by-step explanation:

help lol i can’t do math and everything is due at midnight

Answers

140 degrees should be the correct answer

Which of the following functions is graphed below?
15
10
5
o
5
-8
-6
-4
-20
N
4
6
od
.
5

Answers

(15, 10)-00=n4

substitute all the characters and then you will get (-4, 20)

Help please will mark brainliest

Answers

Answer:

9.9

Step-by-step explanation:

4.8 x 2 = 9.6

29.5 - 9.6 = 19.9

19.9/2 = 9.95

round up

9.9

Answer:

10 I think

Step-by-step explanation:

Imagine looking for a certain angle whose cosine is positive and whose sine is negative.

Part 1: Name the two quadrants in which cosine is positive.

Part 2: Name the quadrants in which sine is negative.

Part 3: Use the information in parts a and b to identify the quadrant in which cosine is positive and sine is negative.

Part 4: Write down one angle, in degrees, that has a negative sine and a positive cosine.

Part 5: Using your calculator, confirm your choice by writing the cosine of your angle and the sine of your angle below.

Answers

The two quadrants in which cosine is positive are the first quadrant (Q1) and the fourth quadrant (Q4).

How to explain the information

Part 2: The quadrants in which sine is negative are the third quadrant (Q3) and the fourth quadrant (Q4).

Part 3: Based on the information from parts 1 and 2, the quadrant in which cosine is positive and sine is negative is the fourth quadrant (Q4).

Part 4: One angle that has a negative sine and a positive cosine in the fourth quadrant is 135 degrees (or 3π/4 radians).

Part 5: Using a calculator, we can confirm the values of cosine and sine for 135 degrees:

Cosine of 135 degrees: cos(135°) ≈ -0.7071 (rounded to four decimal places)

Sine of 135 degrees: sin(135°) ≈ -0.7071 (rounded to four decimal places)

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