Mr. Thompson plans to invest $7,500 in a savings account that earns 2.75% simple annual interest. If he makes no other deposits or withdrawals, how much money will Mr. Thompson's account be worth after 10 years.

Answers

Answer 1

Answer:

Mr. Thompson's account be worth $9,562.50 after 10 years

Step-by-step explanation:

Simple Interest

Interest is calculated on the original principal only of a loan or on the balance of an account.

Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.

The interest earned is calculated as follows:

I=P.r.t

Where:

I = Interest

P = initial principal balance

r = interest rate

t = time

Mr. Thompson plans to invest P=7,500 in a savings account that earns r=2.75% = 0.0275.

The interest earned in t=10 years is calculated now:

I=7,500*0.0275*10

I=2,062.50

Now we add the interest to the principal:

A = $7,500 + $2,062.50

A = $9,562.50

Mr. Thompson's account be worth $9,562.50 after 10 years


Related Questions

A piece of string has been used to measure the circumference of a circle. Use a ruler to measure the diameter of the circle and the length of the string to the nearest 1/4 inch

Answers

Answer:

The circumference is expressed usingC=2πr

Step-by-step explanation:

This problem is on the mensuration of flat shapes, a circle.

The length of the string corresponds to the circumference of the circle.

The lenght of the string can be calculated by using the expression for circumference, if after using the ruler to obtain the diameter "d"

upon measuring the diameter we can further obtain the radius "r"

The expression for the radius is r=d/2 (the radius is half the diameter)

C=2πr

where pi= 3.124 a constant term

Hence Circumference is the same as the length of the string

-3y+(1)/(5)=(2)/(3)x write in Ax+By=C

Answers

Answer:

2/3x + 3y = 1/5

Step-by-step explanation:

-3y + 1/5 = 2/3x (subtract 1/5)

-3y = 2/3x - 1/5 (subtract 2/3x)

-2/3x - 3y = -1/5 (divide by negative 1)

2/3x + 3y = 1/5

Hope this helps ya!!

You and a group of friends take turns planting 2 trees each at a campsite. After the first person plants 2 trees, there are 12 trees at the campsite. A. Write an equation for the nth term of the arithmetic sequence. Let n represent the position in the sequence and let an represent the number of trees. C. After 8 more people plant trees, how many trees are at the campsite?

Answers

Answer:

The equation for the nth term will be;

An = 10 + 2n

After the 9th planter ( 8 more than the initial one); number of trees will be 28

Step-by-step explanation:

After the first person plant two trees, there were 12 trees at the plant sites

What this mean is that initially, they were 12-2 = 10 trees at the plant site

The nth term of the sequence which represents the number of trees given the number of persons that have planted will be;

An = 10 + 2n

Now, after 8 more people planted, since we had one that already planted, the total number of planters is now 9 planters

So using the equation, n will be 9

So ; A9 = 10 + 2(9)

A9 = 10 + 18

A9 = 28

Given the angle measures of a triangle are 3x + 6 degrees, 4x + 2 degrees and 10x + 2 degrees, determine the 3 angles in this triangle?

Answers

Answer:

36,42,102

Step-by-step explanation:

A triangle is 180° total so your equation to find x is:

3x+6+4x+2+10x+2=180°

17x+10=180

17x=170

x=10

to find the individual sides:

3(10)+6=36

4(10)+2=42

10(10)+2=102

to make sure this is right, add 36+42+102. It should equal 180 and it does

There are 4 boys and 9 girls on the track team how many students are on the track team altogether

Answers

Answer:

13 students

Step-by-step explanation:

4 plus 9 = 13

Answer:

ist it 13 students (・o・)

vendor sells h hot dogs and s sodas. If a hot dog costs twice as much as a soda, and if the vendor takes in a total of d dollars, how many cents does a soda cost?

Answers

Answer:

100d / (s+2h)

Step-by-step explanation:

i need elp ill give a brainly to whoever helps me

Answers

Answer:

x=3

Step-by-step explanation:

cross multiply

12.5*2=30

10*x=10x

10x=30

/10

x=3

Answer:

30

Step-by-step explanation:

2.5X12=30

13/14​% of a quantity is equal to what fraction of the​ quantity?

Answers

Answer:

14

Step-by-step explanation:

There are infinity equivalent fractions to 13

14

. See some examples:

13

14

26

28

39

42

52

56

65

70

78

84

91

98

104

112

117

126

130

140

143

154

156

168

169

182

182

196

195

210

208

224

221

238

234

252

247

266

260

280

...

The fraction equivalent of 13/14% is 13/1400.

What is a fraction?

If the numerator is bigger, it is referred to as an improper fraction and can also be expressed as a mixed number, which is a whole-number quotient with a proper-fraction remainder.

Any fraction can be expressed in decimal form by dividing it by its denominator. One or more digits may continue to repeat indefinitely or the result may come to a stop at some point.

So as per the question, the fraction equivalent of the given number will be

13/14% i.e 13/1400.

Now we have a rational number with us, the equivalent fraction can be obtained by multiplying similar numbers in both the numerator and denominator.

so if we multiply by 2 on both sides the fraction we get will be 26/2800.

so if we multiply by 10 on both sides the fraction we get will be 130/14000.


Hence we will get an infinite number of fractions equivalent to 13/14%.  
Learn more about Distance and Fraction, by the following link.
https://brainly.com/question/23135754
#SPJ2

The price P, in dollars, for a large pizza is P = 2n + 7, where n is the number of toppings on the pizza. How many toppings are on a pizza that costs $15?

Answers

Answer:

There are 4 toppings on a pizza that costs $15.

Step-by-step explanation:

To find the amount of toppings that are on a pizza that costs $15, you will need to consider that P=15, replace this value on the formula and then, solve for n that is the number of toppings on the pizza:

P=2n+7

15=2n+7

15-7=2n

n=8/2

n=4

According to this, the answer is that there are 4 toppings on a pizza that costs $15.

Solve for x in the equation
4*+2=1​

Answers

Answer:

x=(-1)/4

Step-by-step explanation:

4x=1-2

4x=(-1)

x=(-1)/4

The cost of a school banquet is $85 plus $12 for each person attending. Write an equation that gives the total cost of the number of people attending.

A. Y=85x-12
B. Y=12x+85
C. Y=85x+12
D. Y=12x-85

Answers

Answer: I think that the answer is B

Step-by-step explanation:

Let’s say that x=the people attending. Since the cost of a school banquet is 85 the number 85 will be by itself, and since there is 12 for each person it will be 12x. Therefore it is B in which y=12x+85.

(x+2/3)=(2x-4/2)
what is x equal to?

Answers

x + 2/3 = 2x - 4/2
2/3 + 4/2 = 2x - x
2 + 2/3 = x
8/3 = x

I hope this helps!

someone please help look at picture

Answers

-16744323 or 32893-2^24

Please help thank you

Answers

Answer:

Step-by-step explanation:

A: dividend;

B: divisor;

C: quotient

There are 48 members of the swim team. The ratio of boys to girls is 3:5. How many girls are on the swim tearn? Explain how you found your answer. ​

Answers

Answer:

There are 30 girls

Step-by-step explanation:

The ratio is 3:5 so (3)*(6)= 18 boys , and (5)*(6)=30

30+18=48 members

There were 30 girls in swim team.

We have,

Total Members = 48

Ratio of Boys to Girls= 3:5

So, the number of boys are

= 3/8 x 48

= 3 x 6

= 18

and, the number of girls

= 5/8 x 48

= 5 x 6

= 30

Thus, 30 girls were in swim team.

Learn more about Ratio here:

https://brainly.com/question/13419413

#SPJ3

I would greatly appreciate it if you would help me

Answers

Answer:-1

Step-by-step explanation:

the output of a function is the y value while the input is the x value.

so the question is asking what does the y value( output) have to be for the x value( input) to be zero.

since the graph is provided we can just look to see where the x values becomes zero ( the y axis is when all y values are zero)

we then can identify that the y intercept is -1

hope this helps!!

Given that line t and line g are parallel and that m<2=105 and m<15=95 select the angle measure for each angle named.

Answers

Answer:

<1 = <9 = <4 = <12 = 75

<2 = <3 = <10 = <11 = 105

<5 = <8 = <13 = <16 = 85

<6 = <7 = <14 = <15 = 95

PLEASE ANSWER FAST I WILL GIVE BRAINLY A climber is on a hike. After 2 hours he is at an altitude of 300 feet. After 5 hours, he is
at an altitude of 500 feet. What is his average rate of change? Make sure to include
your units!

Answers

Answer:

1.661 feet/ hour

Step-by-step explanation:

To find the rate of change, you take (y2 – y1) / (x2 – x1)

Your family is having fried rice for dinner. Your mom asks you to divide the 3 bowls of rice so everyone gets an equal amount. How many servings of size 12 can you make out of the 3 bowls of rice?

Answers

Answer:

1/4 equal pieces

Step-by-step explanation:

Total number of bowls of rice = 3

We are seeking servings of size 12

Then it means we are dividing 3bowls into 12 equal pieces

= 3/12 bowls

= 1/4 equal pieces

Which means each member of the family is getting 1/4 each of the bowl of rice

Therefore, 1/4 servings of size 12 can you make out of the 3 bowls of rice

What’s the answer
What are the slope and the y-intercept of the linear function that is represented by the graph

Answers

The y intercept is 3

Name a plane parallel to DBF.

Answers

Answer:

C.CAE

because those two planes never touch

Elizabeth goes to a restaurant where her bill comes to $18.50. She leaves the server a 22% tip. What is the total cost of going to the restaurant?

Answers

Answer:

22.57

Step-by-step explanation:

multiply 18.50 by .22 and add it to 18.50

Answer:

Elizabeth will pay $22.57 in total at the restaurant.

Step-by-step explanation:

First, you need to find the tip, which is 22% of the bill. 22% of 18.5 is 4.07. Then you add that number to the bill and get 22.57.

Tilly and Lilly worked together on a job. Tilly earned twice as much as Lilly, and together they earned $510. How much did each person earn? Use the 5D Process, showing all your work.

Answers

Answer:

Lilly earns $170

Tilly earns $340

Step-by-step explanation:

Given that

Tilly earned twice as much as Lilly

If Lilly's earning = x, then Tilly's earning = 2x

Total amount they both earned = $510

x + 2x = $510

3x = $510

3x / 3 = $510 /3

x = $170

Hence,

Lilly earns x = $170

Tilly earns, 2x = 2* 170 = $340

Rachael earned $42 for 3 1/2 hours at her job today. How much does Rachel earn per hour ?

Answers

Answer:

$12

Step-by-step explanation:

It is given that,

Rachael earned $42 for [tex]3\dfrac{1}{2}[/tex]  hours at her job today. It means,

For 7/2 hours, earning is $42

For 1 hour, we divide $42 by 7/2 as follows :

[tex]1\ h=\dfrac{42}{\dfrac{7}{2}}\\\\=\dfrac{42\times 2}{7}\\\\=\$12[/tex]

So, he will earn $12 per hour.

2x-y=1
x-y=-2
......................................

Answers

Answer:

y=5 x=3

Step-by-step explanation:

x-y=-2 move the y over to isolate x

x=-2+y Now plug that in for x in the first equation

2(-2+y)-y=1 Distribute

-4+y=1 Add 4 on both sides

y=5

x-5=-2

x=3

can someone please help.....​

Answers

1/3 is smaller than 1/2, therefore it already indicates the number line is drawn incorrectly, since 1/2 should be in front of 1/3 not behind & 1/12 should be in front, next to 0, since it is the smallest fraction and 1/6 right next to it, then 1/3, then 1/2 & 5/12 then 1/4.

The charge of ISD from Biratnagar to Tokyo is Rs 125 for the first 3 minutes and Rs 15 for every additional 10 seconds. If a man made a call from Biratnagar to his friend in Tokyo and paid Rs 305, how long did he make a call

Answers

We know he talked for over 3 minutes since the total is 305 which is > 125 (the cost of 3 minutes). The remaining amount he paid is 305-125= 180. He was charged 15 per 10 seconds which amounted to 180. 180/15=12 which means he was charged 12 times. Each time charged it was because he took 10 seconds so in total he took 12x10= 120 second. That’s 2 minutes. The two minutes he was charged 15s plus the first 3 minutes he was charged 125 is 5 minutes. We can plug in the numbers to make sure we are right. If he talked for 5 minutes then we know for the first three he was charged 125 and the additional two he was charged 15s (s representing 10 seconds). We can put the 125 aside for now to figure out the 15s. If he took two minutes then he took 120 seconds. Divide that by 10 because he’s getting charged per 10 seconds not per second so that’s 12. 15(12) is 180. 125 + 180 is 305

*** he took five minutes talking on the phone***

It's takes two scoops of detergent for every three scoops of fabric softener if there are 28 scoops of detergent remaining, how many scoops of fabric softener will be needed

Answers

Answer: 42

Step-by-step explanation:

The ratio scoops of detergent to scoops of fabric softener is 2:3.

If there are 28 scoops of detergent remaining, the number of scoops of fabric softener will be needed will be:

= (28/2) × 3

= 14 × 3

= 42 scoops of fabric softener

helppp me plzzzzzzz i am no god at the maths

Answers

Answer:

i beleive its n-6

Step-by-step explanation:

i think n-6 but i’m not sure:(

A cable company charges $24.95 a month for basic service and $6.94 a month for each additional channel. If the Kelly’s monthly bill is $45.80, how many premium channels are they receiving?

Answers

Answer:

3 premium channels

Step-by-step explanation:

Answer:

he has 3 premium channels

Step-by-step explanation:

24.95+6.95x=45.80

6.95x=20.85

20.85/6.95

x=3

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