Mathematics : asked on july00
 04.04.2022

Eliana opened a savings account and deposited $300.00. The account earns 13% interest, compounded annually. If she wants to use the money to buy a new bicycle in 3 years, how much will she be able to spend on the bike?

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Step-by-step answer

09.07.2023, solved by verified expert
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$432.87

Step-by-step explanation:

Use below compound interest formula and the given data.

Eliana opened a savings account and deposited, №18010360, 04.04.2022 20:17

F- future amount, P- invested amount, r - interest rate, n - number of compounds, t- time

Given:

P = $300r = 13% or 0.13t = 3 yearsn = 1

Find the amount after 3 years:

Eliana opened a savings account and deposited, №18010360, 04.04.2022 20:17
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Mathematics
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P Answered by Specialist
$432.87

Step-by-step explanation:

Use below compound interest formula and the given data.

F = P*(1 + r)^{nt}

F- future amount, P- invested amount, r - interest rate, n - number of compounds, t- time

Given:

P = $300r = 13% or 0.13t = 3 yearsn = 1

Find the amount after 3 years:

F = 300(1 + 0.13)^3 = 432.87
Mathematics
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P Answered by PhD

The answer is in the image 

The answer is in the image 
Mathematics
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P Answered by PhD

For every 8 cars there are 7 trucks

Therefore,

Cars:Truck=8:7

Answer is B)8:7

Mathematics
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P Answered by PhD

y=2x+15

where y=Value of coin

x=Age in years

Value of coin after 19 years=2*19+15

=$53

Therefore, Value after 19 years=$53

Mathematics
Step-by-step answer
P Answered by PhD
The answer is in the image 

The answer is in the image 

Mathematics
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P Answered by PhD

F=ma

where F=force

m=mass

a=acceleration

Here,

F=4300

a=3.3m/s2

m=F/a

    =4300/3.3

    =1303.03kg

Mathematics
Step-by-step answer
P Answered by PhD

Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

Mathematics
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P Answered by PhD

The solution is given in the image below

The solution is given in the image below

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