Mathematics High School

Melanie is going to invest in an account paying an interest rate of 5.2% compounded
monthly. How much would Melanie need to invest, to the nearest hundred dollars,
for the value of the account to reach $19,600 in 19 years?

Answers

Answer 1

Answer:

7300    

  Step-by-step explanation:

I got it right  

Answer 2

Melanie would need to invest an amount of $7300.

What is Compound Interest?

Compound interest is defined as the amount of interest which has been calculated on the principal amount as well as the amount accumulated over the previous period is also included.

The final amount in a compound interest can be calculated using the formula,

A = P (1 + [tex]\frac{r}{n}[/tex] )^(n t)

Here A is the final amount, P is the principal value, r is the rate of interest, n is the number of times interest is compounded per year and t is the number of years.

Given,

A = $19,600

r = 5.2% = 5.2/100 = 0.052

Since it is compounded monthly, n = 12

t = 19 years

Substituting,

19,600 = P (1 + [tex]\frac{0.052}{12}[/tex])^ (12 × 19)

19,600 = P (1.0043)^(228)

19,600 = P (2.68)

P = 19,600 / 2.68

P = 7313.0767 ≈ 7300 to the nearest hundred

Hence the value of the account will reach $19,600 n 19 years if she invest an amount of $7300.

Learn more about Compound Interest here :

https://brainly.com/question/14295570

#SPJ2

Related Questions

6.
m21 =
3
mZ2 =
470
m3 =
N
5
52
m24 =
mZ5 =


#6

Answers

9514 1404 393

Answer:

128°52°47°133°81°

Step-by-step explanation:

Alternate interior angles are congruent, so you know ...

  ∠2 = 52°

  ∠3 = 47°

The sum of angles in a triangle is 180°, so ...

  ∠5 = 180° -∠2 -∠3 = 180° -52° -47°

  ∠5 = 81°

Linear pairs are supplementary, so ...

  ∠1 = 180° -∠2 = 180° -52°

  ∠1 = 128°

  ∠4 = 180° -∠3 = 180° -47°

  ∠4 = 133°

_____

Alternate solution

To find angles 1 and 4, you could also make use of the fact that same-side interior angles are supplementary.

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Answer:

3x^3-2x^2-4x+2( option A) remainder= 7

Step-by-step explanation:

Solve using distributive property 3(x-6)

Answers

Answer:

3x-18=0

3x=18

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Caleb has driven 820 miles of his road trip. He has 20% of his trip left to go. How many miles does he have left to go? Need asp

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he has 164 miles left

A principal wants to know if students at a particular high school are in favor of a new dress code at their school. The principal is not able to ask the opinion of every student at the school, so she needs to select an appropriate sample of the students to represent the high school.
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A
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B
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Answers

Answer: i would say D but i have no idea, it makes the most sence to me

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Answers

the answer is y=-4/5x+3

Find the value of x

Answers

Answer:

x = 121

Step-by-step explanation:

Let the measure of the altitude of the given triangle be h units.

By geometric mean theorem:

[tex]h = \sqrt{23 \times x} \\ \\ h = \sqrt{23x} \\ \\ now \: by \: pythagors \: theorem \\ \\ {(x + 11)}^{2} = {h}^{2} + {x}^{2} \\ \\ \cancel{{x}^{2}} + 22x + 121 = {( \sqrt{23x} )}^{2} + \cancel{{x}^{2}} \\ \\ 22x + 121 = 23x \\ \\ 22x - 23x = - 121 \\ \\ - x = - 121 \\ \\ x = 121[/tex]

Hii! If someone could plz help me!

is -4.5 greater or less than 3?

Is -12/5 greater or less than 2?

From least to greatest order these: -3/2, -1, 11/4, 2, -3, 5.2, 0, 5.



(Btw I’m sorta new here so I apologize if I mess up)

Answers

Answer:

-4.5 is less than 3

-12/5 is less than 2

-3, -1.5, -1, 0, 2, 2.75, 5, 5.2

-3/2 = -1.5

11/4 = 2.75

Is square root of 36 plus 3 a rational or irrational number?

Your answer:

Rational because the square root of 36 is a whole number, and all whole numbers are rational


Rational because the square root of 36 equals 6, 6+3=9, and 9 is a terminating decimal


Irrational because there is a square root symbol in the expression


Irrational because adding a whole number with a square root is impossible

Answers

Answer:

The answer is D

Step-by-step explanation:

D

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Answers

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Answers

174 inches hop this helps

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Answers

Scientific notation is a way of expressing numbers that are too large or too small to be conveniently written in decimal form. It may be referred to as scientific form or standard index form, or standard. Scientific notation is a way of writing very large or very small numbers. A number is written in scientific notation when a number between 1 and 10 is multiplied by a power of 10. For example, 650,000,000 can be written in scientific notation as 6.5 ✕ 10^8.

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Answers

Answer:

4,575,000,000

Step-by-step explanation:

Answer:

It's 4,570,000,000.

Step-by-step explanation:

The first guy had a typo right after the 7.

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Answers

Answer:

hundredths

Step-by-step explanation:

the 0 is tenths and the 1 is hundredths

Solve the following equation. Write your answer in simplest form,
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Answers

Answer:

x=30

Step-by-step explanation:

Answer:

x=30

Step-by-step explanation:

2/5x+4=16

First: subtract 4 from both sides, 2/5x=12

Second: multiply by 5 on each side, (it cancels out the fraction) to get 2x=60

Third: divide by 2 on both sides, x=30

PLEASE HELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLP

Answers

Answer:

I think 40 visitors

Step-by-step explanation:

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Answer:

c. 50 visitors

Step-by-step explanation:

you can see that hiking is 1/4th of the circle

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Answers

Answer:

33.56

Step-by-step explanation:

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Answers

Answer:

9+2=x/2

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Answers

Answer:

x = 47

Step-by-step explanation:

3x - 2 + 41 = 180 {Supplementary}

3x   + 39 =  180

        3x   = 180 - 39

       3x  = 141

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Answers

Answer:

water

Step-by-step explanation:

water

+river

Help needed on this question

Answers

Hope this helps!
I’ve attached a photo

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Answers

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Answers

Answer:

Step-by-step explanation:

18+12+9

Answer:

756 cm^2

Step-by-step explanation:

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9 x 18 = 162 back side

9^2 + 12^2 = c^2

9^2 + 12^2 = 225

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Answers

Answer:

domain is all reall numbers

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Please help I’m struggling on this

Answers

Answer:

7. m=3 b=-4

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Step-by-step explanation:

Answer:

7. m=3 b= -4 , Equation y=3x-4

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Step-by-step explanation:

look in the chart

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Answers

I think that DE is the answer (Intermediate = largest/longest?)

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Answers

Answer:

[tex]\sqrt{55}[/tex]in.

Step-by-step explanation:

8²=3²+h²(BY P.T)

h=[tex]\sqrt{8^{2}-3^{2} }[/tex]

h=[tex]\sqrt{55}[/tex]

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Answers

Answer:

x + 12 = 0

Step-by-step explanation:

Answer:

x = -12

Step-by-step explanation:

1 x 8 = 8

1 x x = 1x

1 x 4 = 4

rewrite expression

8 + 1x + 4 = 0

combine like terms

8 + 4 = 12

1x + 12 = 0

subtract 12 from both sides

12 - 12 = 0

0 - 12 = -12

1x = -12

divide by 1 on both sides to get x by itself

1x/1 = x

-12/1 = -12

Hope This Helps!!

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Answers

Answer:

74 degrees

Step-by-step explanation:

180-59-47=74

The answer is x=74 dididjskksks

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Answers

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Step-by-step explanation:

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