A principal of $2600is invested at 6.75% interest, compounded annually. How much will the investment be worth after 14 years

Answers

Answer 1

Answer:

$6488.19

Step-by-step explanation:

To solve this problem we use the compounded interest formula:

[tex]amount = principal(1 + (r \n))^({n}{t})[/tex]

a = $2600(1+(0.0675/1))¹*¹⁴

a = $6488.19


Related Questions

what do you think you’d like most about working as a forensic scientist? why

Answers

Answer:

i think its very interesting and pretty cool,  because there is so much to learn  and so much to explore

i wouldn't like the fact that you have to study so much though

Step-by-step explanation:

I need helps will give you a good rating.

Answers

Answer: x = 3

Step-by-step explanation:

Sqrt(x+7) - 1  = x

Sqrt(x+7) = x + 1

x+7 = x^2 + 1

x = x^2 - 6

x=3

Tim owns a clothing store where he designs pairs of shorts, s, and T-shirts, t.
He sells the shorts for $12 and the T-shirts for $8 each. Tim can work 18
hours a day, at most. It takes him 30 minutes to design a T-shirt and 45
minutes to design a pair of shorts. He must design at least 12 items each
day, but he cannot design more than 30 items in one day. Which set of
inequalities below represents this scenario?
A. s 2 12 + $ ss 30 + tiss 24-0.66t, s2; 0; t2 0
B. s> 12-tss 30 - t Ss 24 -0.66t, s 2 0; t> 0
O c. s? 12-ts? 30-tss 24 -0.66t, s 2 0;t20
D. S 2 12-tss 30-ts 24 -0.66t, s 20; t 0​

Answers

Answer:

The correct option is;

B. s ≥ 12 - t, s ≤ 30 - t, s ≤ 24 - 0.66·t

Step-by-step explanation:

The given parameters are;

The number of T-shirts, t, and shorts, s, Tim must design a day = 12

The maximum number of T-shirts and shorts Tim can design a day = 30

The maximum number of hours Tim can work = 18 hours

Therefore, we have;

The number of shorts Tim designs in a day is ≥ The minimum number of T-shirts and shorts Tim must design a day less the number of T-shirts Tim designs

Which gives;

s ≥ 12 - t

Also the number of shorts Tim designs in a day is ≤ The maximum number of T-shirts, and shorts, Tim can design a day less the number of T-shirts Tim designs

Which gives;

s ≤ 30 - t

The number of 45 minute period for the design of shorts in 18 hours = 18×60/45 = 24

The fraction of 36 minutes in 45 minutes = 36/45 = 0.667

Therefore we have;

The number of shorts Tim designs in a day is ≤ The number of 45 minute periods in 18 hours less the number of 36 minutes periods used to design T-shirts

Which gives;

s ≤ 24 - 0.66·t

The correct option is s ≥ 12 - t, s ≤ 30 - t, s ≤ 24 - 0.66·t.

Answer:

B. s> 12-tss 30 - t Ss 24 -0.66t, s 2 0; t> 0

Step-by-step explanation:

Hope this helps!!

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