WILL AWARD BRAINLIEST!!! there are 4 questions. 1. Sergio’s investment of $4,000 earns 2% interest compounded annually. What wi

Question

WILL AWARD BRAINLIEST!!! there are 4 questions.

1. Sergio’s investment of $4,000 earns 2% interest compounded annually. What will be the value of Sergio’s investment in 7 years?

a. $4,594.74

b. $4,560.00

c. $594.74

d. Not here

2. Danny invests $10,000 in a savings account that pays 3.5% simple interest. If Danny does not make any additional deposits or withdrawals, how much will be in the account after 7 years?

a. $2,450

b. $12,450

c. $11,750

d. Not here

3. Angel deposited $6,000 in an account that pays 6% interest compounded annually. Which expression can be used to determine the value of his investment after 5 years?

a. 6000(1.06)^5

b. 6000(0.06)^5

c. 6000+6000(0.06)^(5)

d. 6000(1.06)^(5)

4. Felicia invests $25,000 in a savings account that pays 2.75% simple interest. How much interest does Felicia earn each year?

a. $787.50

b. $625.00

c. $657.50

d. $687.50

thanks!

in progress 0
Melody 2 months 2021-09-21T14:11:23+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-09-21T14:13:03+00:00

    Step-by-step explanation:

    To solve these problems we will use these formulas

    Compound interest is formula

    A = P(1 +r)^t

    A = final amount

    P = initial principal balance

    r = interest rate

    t = number of time periods elapsed

    The Simple interest formula is

    A = P (1 + rt)

    1. Compound interest

    Principal p= $4000

    Time t = 7years

    Rate r= 2%= 2/100= 0.02

    A= 4000(1+0.02)^7

    A=4000(1.02)^7

    A= 4000*1.1486

    A=4594.74

    the answer is

    A. $4594.74

    2. Simple interest

    P= $10000

    Rate r= 3.5%=3.5/100= 0.035

    Time t= 7 years

    A= 10000(1+0.035*7)

    A= 10000(1+0.245)

    A= 10000(1.245)

    A= $12450

    the answer is

    B. $12450

    3 compound interest

    Given

    Principal = $6000

    Rate r= 6%= 6/100= 0.06

    Time t =5 years

    A= 6000(1+0.06)^5

    A= 6000(1.06)^5

    The answer is

    A. 6000(1.06)^5

    4. Simple interest

    Principal p = $25000

    Rate r= 2.75%= 2.75/100= 0.025

    Time t= 1 year

    A= 25000(1+0.025*1)

    A= 25000(1.025)

    A=$25625

    She will earn interest of

    25000-25625=$625 yearly

    The answer is

    B. $625

Leave an answer

45:7+7-4:2-5:5*4+35:2 =? ( )