question is in the pic Shelly opened a bank account, in which she made an initial deposit of $100. The account earns 4 percent interest compounded yearly. Shelly uses the expression $100(n)' tocalculate the value of the account after t years.What is the value of n?

Given: Expression =$100nt Compound interest formula: F=A1+cNNt Where F= Future…

Answered: Shelly opened a bank account, in which…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section: Chapter Questions

Problem 10PT: At 6 am, an online company has sold 120 items that day. If the company sells an average of 30 items...

See similar textbooks

Similar questions

In the following exercises, solve the problem. 185. Berenice just got her first full-time job after graduating from college at age 30. She decided to invest $500 per quarter in an IRA (an annuity). The interest on the annuity is 7% which is compounded quarterly (4 times a year). How much will be in the Berenice's account when she retires at age 65?
In the following exercises, solve. 386. Felix invested $12,000 in a savings account. If the interest rate is 4% how much will be in the account in 12 years by each method of compounding? a. compound quarterly b. compound monthly c. compound continuously.
TRY IT:: 6 76 In 5 years, Gloria's bank account earned $2,400 interest at 5%. How much had she deposited in the account?
A Bad Investment You have just received word that your original investment of 720 has decreased in value by 7%. What is the value of your investment today?
The probability of winning the 2010 Megamillions lottery was about 0.0000000057. Write the number in scientific notation.
In the following exercises, solve the problem. 184. New grandparents decide to invest $100 per month in an annuity for their grandchild. The account will pay 6% interest per year which is compounded monthly (12 times a year). How much will be in the child's account at their twenty-first birthday?
In the following exercises, find the sum. 341. Dave just got his first full-time job after graduating from high school at age 18. He decided to invest $450 per month in an IRA (an annuity). The interest on the annuity is 6% which is compounded monthly. How much will be in Adam's account when he retires at his sixty-fifth birthday?
In the following exercises, write an algebraic expression to solve the problem 143. Car insurance Justin’s car insurance has a $750 deductible per incident. This means that he pays $750 and his insurance company will pay all costs beyond $750. If Justin files a claim for $2,100. how much will he pay, and how much will his insurance company pay?
TRY IT ::9.6 Steve saves 12% of his paycheck each month. If he saved$ 504 last month, how much was his paycheck?
In the following exercises, solve the problem. 301. Adam just got his first full-time job after graduating from high school at age 17. He decided to invest $300 per month in an IRA (an annuity). The interest on the annuity is 7% which is compounded monthly. How much will be in Adam's account when he retires at his sixty-seventh birthday?
Translate each phrase into an expression with integers. Do not simplify. a stock loss of $5
At 6 am, an online company has sold 120 items that day. If the company sells an average of 30 items per hourfor the remainder of the day, write an expression to represent the number of items that were sold n after 6 am.

SEE MORE QUESTIONS

Recommended textbooks for you

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

PREALGEBRA

Algebra

ISBN:

9781938168994

Author:

OpenStax

Publisher:

OpenStax

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

PREALGEBRA

Algebra

ISBN:

9781938168994

Author:

OpenStax

Publisher:

OpenStax

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Functions and Change: A Modeling Approach to Coll…

Algebra

ISBN:

9781337111348

Author:

Bruce Crauder, Benny Evans, Alan Noell

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Shelly opened a bank account, in which she made an initial deposit of $100. The account earns 4 percent interest compounded yearly. Shelly uses the expression $100(2)' to calculate the value of the account after t years. What is the value of n?