Mathematics High School

Using the formula A=P(1+r)^t calculate the value of an initial investment of $4,500 after 10 years at 4% interest.









Answers

Answer 1

The solution is [tex]\$ 6661[/tex]

Explanation:

The initial investment is $4500

The time taken is 10 years.

The rate of interest is 4%

We shall determine the value of A using the formula [tex]A=P(1+r)^t[/tex]

where P is the initial investment,

r is the rate of interest and

t is time

Let us substitute the values [tex]P=4500[/tex] , [tex]t=10[/tex] and [tex]r=4 \%[/tex] in the formula [tex]A=P(1+r)^t[/tex]

Thus, we have,

[tex]A=4500(1+0.04)^{10}[/tex]

Adding the values within the bracket, we have,

[tex]A=4500(1.04)^{10}[/tex]

Simplifying, we get,

[tex]A=4500(1.4802)[/tex]

Multiplying, we have,

[tex]A=6661[/tex]

Thus, the value is $6661

Related Questions

A purchaser paid $1,539.13 for a computer system that originally cost $1,215.91. If the markup was 21% of the $1,539.13 selling price, then what is the percent markup based on cost?

Answers

Answer:

$1272.008264

Step-by-step explanation:

If the mark-up was 21%, then the final price is 121% of the original price.  Simply divide $1,539.13 by 1.21 to get the original price of $1272.008264

Final answer:

The percent markup based on cost is calculated by finding the amount of the markup, dividing it by the original cost and multiplying by 100. In this case, the markup was 21% of the sale price, or $323.12. This correlates to a 26.56% markup based on the original cost ($1,215.91).

Explanation:

The percent markup based on cost can be calculated by first determining the amount of the markup, then dividing the markup by the original cost of the item, and finally multiplying the result by 100 to express it as a percentage. According to the question, the markup is 21% of the $1,539.13 selling price. Therefore, to calculate the markup we multiply $1,539.13 by 0.21 which results in $323.12. This is the amount by which the original price was increased to get the selling price. To calculate the percent markup based on cost, we divide the markup amount ($323.12) by the original cost of the item ($1,215.91) and then multiply by 100. This gives us a percentage markup of approximately 26.56%. So, the percent markup based on cost is 26.56%.

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________________shapes are radical alterations of visible reality simplifications, exaggerations, or transmutation that sometimes bear little resemblance to the original entities from which they were derived.1. geomatric2. organic3. contour4. abstract5. amorphous

Answers

Answer:4. Abstract.

Step-by-step explanation: Abstraction is a term used to describe a departure from reality in the expressions of image in art.

This kind of departure from accurate and actual representation can be slight,can be partial, or complete or total.

Abstract shapes are shapes used in depicting the virtual images of certain objects or people,it usually does not actually display reality or, it only shows the radical altering of the visual realities of different things.

Why does math get so hard that you have an answer but you forget what your answer was because it was so so so so so so so so so so so so so so hard.Why is it hard?

Answers

Bc u dont write ur work down. If u actually take the steps to do the question it wont be that bad

Answer:

because if u write down the steps that u took to get the answer it wont be sosososososososo hard

Step-by-step explanation:

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