Sally opens a savings account with $9,000 that earns 7% interest per year, not compounded How much interest, to the nearest penny, will Sally earn in 7 years?​

Answers

Answer 1

Answer: Sally will earn $4,830.00 in interest over 7 years.

Step-by-step explanation:

If the interest is not compounded, then Sally will earn simple interest, which can be calculated using the formula:

I = P * r * t

where:

I = the interest earned

P = the principal amount (initial investment)

r = the annual interest rate (as a decimal)

t = the time period, in years

In this case, we have:

P = $9,000 (the initial deposit)

r = 7% = 0.07 (the annual interest rate)

t = 7 (the number of years)

So, plugging in the values:

I = $9,000 * 0.07 * 7

I = $4,830.00

Therefore, Sally will earn $4,830.00 in interest over 7 years.


Related Questions

Who knows this? I need help
#16

Answers

Answer:

Step-by-step explanation:

adjacent:   [tex]\angle BOC, \angle EOD[/tex]   (both are adjacent)

complementary:  [tex]\angle BOC[/tex]

supplementary:   [tex]\angle EOD[/tex]

vertical angles:   [tex]\angle AOE[/tex]

The function S=m^(2)+6m+8 models the growth of book sales in m months, where S is an amount in thousands of dollars. In how many months do book sales reach $80,000 ?

Answers

Answer:

We are given the function S = m^2 + 6m + 8 which models the growth of book sales in m months, where S is an amount in thousands of dollars. We want to find in how many months book sales reach $80,000.

We can set up an equation as follows:

S = m^2 + 6m + 8 = 80

Subtracting 80 from both sides, we get:

m^2 + 6m - 72 = 0

We can factor this quadratic equation as:

(m + 12)(m - 6) = 0

This gives us two possible solutions:

m + 12 = 0 or m - 6 = 0

Solving for m in each case, we get:

m = -12 or m = 6

Since we are looking for a number of months, we can discard the negative solution.

Therefore, book sales reach $80,000 in 6 months.

So, the answer is: 6 months.

Interpret the data in the circle graph. If 560 books were sold at the book fair, find the number of the books that were mystery books.


If 560 books were sold at the book fair,
(Type a whole number.)
of the books were mystery books.
Circle graph
Fantasy 8%
Science
Fiction
12%
Comic 15%
Other 5%
Mystery 20%
-Fictic

Answers

Answer:

112

Step-by-step explanation:

According to the circle graph, the mystery books make up 20% of all books sold. So, we can calculate the number of mystery books sold as follows:

Number of mystery books = 20% of 560

= (20/100) x 560

= 112

Therefore, the number of mystery books sold at the book fair was 112.

Please helpppp it’s urgent!!! Assume you have a balance of $3000 on a credit card with an APR of 24 %, or 2 % per month. You start making monthly payments of $200, but at the same time you charge an additional $100 per month to the credit card. Assume that interest for a given month is based on the balance for the previous month. How long does it take to pay off the credit card debt? Round your numbers to the nearest cent?

Answers

It will take around 3.72 months to pay off the credit card debt.

Explain about the annual percentage rate APR?The annual rate of interest that a person must pay on a loan or receives on a bank account is known as the annual percentage rate (APR).APR is utilized for everything, including credit cards, auto loans, and mortgages.

The formula for APR is:

A = P * [tex](1 + r/n)^{nt}[/tex]

In which,

A = amount after compounding.

P = balance amount

r = rate of interest.

n = number of time compounded.

Initial balance: $30,000.

Payments per month = $200.

Expenses = $100

Balance amount = 30,000 - 12 *(200 - 100)

Balance amount = $28800

So, time taken for paying off credit card debt.

30,000 = 28800  [tex](1 + 0.24/1)^{1*t}[/tex]

[tex](1.24)^{t}[/tex] = 30,000 / 28800

[tex](1.24)^{t}[/tex] = 1.04

Solve by using logarithmic function.

t = ln (1.04) / 1.24

t = 0.31  year

t = 3.72 months

Thus, it will take around 3.72 months to pay off the credit card debt.

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Perry's patio is 6 meters long and 53 meters wide. What is the area of his patio?​

Answers

The area of Perry’s patio is 318 m^2.
You have to multiply 6 and 53 to get 318 as your area, which then you would put into the unit states in the question, so your answer is 318 m^2.

State the principle of mathematical induction

Answers

The principle of mathematical induction is a method of proof used in mathematics to prove that a statement is true for all natural numbers.

It is based on the idea that if the statement is true for one number, then it can be used to prove that it is true for the next number. Mathematical induction can be expressed mathematically as follows:

Let P(n) be a statement involving an integer n

Base Case: P(m) is true for some m

Induction Hypothesis: Assume P(k) is true for some k>m.

Induction Step: Show that P(k+1) is true.

Therefore, P(n) is true for all n>m

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Dave bought a new game for $28. The tax rate was %7. How much was the tax and the total price?

Answers

The tοtal price οf the game including tax is $29.96.

What are the variοus types οf taxes?

Physical assets such as prοperty and transactiοns such as the sale οf stοck οr a hοme are subject tο taxatiοn. Taxes include incοme, cοrpοrate, capital gains, prοperty, inheritance, and sales taxes.

Because the tax rate is 7%, the tax amοunt is 7% οf the purchase price. Tο calculate the tax, multiply the purchase price by the tax rate expressed as a decimal:

0.07 x $28 = $1.96 in taxes

As a result, the purchase tax is $1.96.

Tο calculate the tοtal price, add the purchase price and the tax:

Purchase price + Tax = Tοtal Price

Tοtal cοst: $28 + $1.96 = $29.96

As a result, the tοtal cοst οf the game, including tax, is $29.96.

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Just curious to know

Answers

Therefore, if Jane had left a message on every call, you would have gotten 670 voicemails. The solution is 670.

what is percentage ?

Since "percent" is a slang term for "per hundred," when we discuss percentages, we are speaking to a fraction of a hundred. In a variety of contexts, including math, science, finance, and daily living, percentages are used. The percent sign (%) is commonly used to denote percentages. As an illustration, to determine what proportion of 50 apples are red, you would split the number of red apples by the total number of apples and multiply the result by 100.

given

If Jane had phoned 1,000 times and you had allowed 67% of those calls to go to voicemail, then 67% of those calls would have left voicemails for you.

You can multiply the overall number of calls by the proportion of calls that went to voicemail to determine how many voicemails you would have received:

1000 x 67% = 670

Therefore, if Jane had left a message on every call, you would have gotten 670 voicemails. The solution is 670.

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The complete question is :-  

Jane called one thousand times to tell you she's sorry. If you saw she was calling and let your phone go to voicemail 67% of the time, how many voicemails would you have received if she left one each time?

Possible Answers:

3,700

57,000

67

None of the given answers

670

2. Solve based on the diagram below.
What is the value of angle x? How do you know (what type of angle pairs are they)?

Answers

Answer: 160

Step-by-step explanation: The straight line or line X is 180 degrees. So subtracted 20. This is because X is intersected by another line which makes the upper notch 20 degrees.

What is the measure of ∠m

Answers

Answer:

26° 180 -81 - 73 = 26

Step-by-step explanation:

Answer:

26

Step-by-step explanation:

triangle= 180

81 + 73 = 154

180 - 154= 26

What is the value of the angle?

Answers

The angle indicated by a green arc is 54 degrees.

What is the definition of a simple angle?

A straight line's angle size is 180°; the sum of the angles in a triangle's size is 180°; and a triangle can also have acute as well as obtuse angles.

The fact that the sum of the angles in a triangle equals 180 degrees can be used to determine the value of the angle in the given figure.

To begin, note that the angle denoted by a blue arc is the exterior angle of triangle ACD. According to the Exterior Angle Theorem, this angle is equal to the sum of the two remote interior angles, denoted by red and green arcs.

So we have:

The blue arc angle is equal to the sum of the red and green arc angles.

We get the following equation when we plug in the given angle measurements:

98° = 44° + Green arc angle

We can simplify this equation as follows:

Green arc angle = 98° - 44° = 54°

The green arc represents an interior angle of triangle ABD. As a result, we can use the fact that the sum of a triangle's angles equals 180 degrees to calculate the value of this angle.

We currently have:

Green arc angle + 70° + 56° = 180°

We get the following by substituting the value we found for the green arc angle:

54° + 70° + 56° = 180°

We can simplify this equation as follows:

180° - 70° - 56° = 54°

As a result, the angle indicated by a green arc has the value:

It is 54 degrees outside.

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In a recent survey, 60% of the community favored building a supermarket in their neighborhood. If 25 citizens are chosen, what is the variance of the number favoring the supermarket?

Answers

The variance of the number of citizens favoring the supermarket is 6.

To find the variance of the number of citizens favoring the supermarket, we need to use the binomial distribution formula:

Variance = n × p × (1 - p)

where n is the number of trials (25 in this case), p is the probability of success (0.6 in this case), and (1 - p) is the probability of failure.

Plugging in the values, we get:

Variance = 25 × 0.6 × (1 - 0.6)

Variance = 25 × 0.6 × 0.4

Variance = 6

The binomial distribution is a probability distribution that models the number of successes in a fixed number of independent trials, where each trial has only two possible outcomes, success or failure. In this case, the trials are the 25 citizens who were chosen, and the success is the event of favoring the supermarket, which has a probability of 0.6.

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The surface area of a cylinder is given by the formula SA = 2r2 + 2rh. A cylinder has a radius of 12 cm and a surface area of 1,632 cm^2 . Find the height of the cylinder.


A. 52 cm

B. 56 cm

C. 59 cm

D. 34 cm

Answers

Using the given formula for the surface area of a cylinder, we can plug in the values we know and solve for the height h:

SA = 2r^2 + 2rh

1632 = 2(12^2) + 2(12)(h)

1632 = 288 + 24h

24h = 1344

h = 56 cm

the height of the cylinder is 56 cm.

A student wants to investigate the chemical changes that a piece of wood undergoes when it is burned. He believes wood that burns for 15 minutes will weigh less than unburned wood. Design a laboratory experiment that would allow the student to test his predictions, using appropriate equipment and technology. Be sure to consider safety requirements in your answer.

Answers

Answer:

Experimental Procedure:

Materials:

Piece of wood

Electronic balance

Bunsen burner

Heat-resistant mat

Stopwatch or timer

Safety goggles

Lab coat

Safety Precautions:

Wear safety goggles and a lab coat to protect your eyes and clothing from any sparks or flames.

Place the heat-resistant mat under the Bunsen burner to prevent any accidental fires.

Use the Bunsen burner only under adult supervision.

Be cautious when handling hot objects, and allow them to cool before touching.

Procedure:

Measure the initial mass of the piece of wood using an electronic balance, and record it in a table.

Light the Bunsen burner, and place the piece of wood over the flame using tongs. Ensure that the wood is fully engulfed in the flame.

Use a stopwatch or timer to time how long the wood burns for (in this case, 15 minutes).

After 15 minutes, turn off the Bunsen burner and remove the piece of wood from the flame using tongs.

Allow the wood to cool, and then measure its final mass using the electronic balance, and record it in the table.

Calculate the difference between the initial and final mass of the wood, and record it in the table.

Repeat steps 1-6 three times to obtain three sets of data.

Calculate the average mass of the burned wood and compare it to the initial mass of the unburned wood to determine if the student's prediction was correct.

Conclusion:

If the average mass of the burned wood is less than the initial mass of the unburned wood, the student's prediction was correct, and he can conclude that the wood underwent a chemical change when it was burned. If the average mass is greater than or equal to the initial mass, the prediction was incorrect, and the student may need to revise his hypothesis or experimental design.

What is the value of x in (x+3)^2=49 show your work

Answers

Answer:

x = 4,-10

Step-by-step explanation:

(x+3)^2=49

x+3=√(49)

x+3=√(7^2)

x+3=7

x+3-3=7-3

x=4

x+3=-√(49)

x+3=-7

x+3-3=-7-3

x=-10

x = 4,-10

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