Mathematics: 2200 dollars is placed in an account with an annual interest rate of 7.25%. how much will be in the account after 29 years, to the nearest cent?

2200 dollars is placed in an account with an annual

mom9032

11.01.2022

A = $2200(7.612) = $16,747.28

Step-by-step explanation:

You don't say whether this is simple interest or compound interest. I will assume you meant compound interest, for which the appropriate formula is

A = P(1 + r)^t, where P is the principal amount, r is the interest rate as a decimal fraction, and t is the time in years. Then:

A = $2200(1 + 0.0725)^29, or

A = $2200(1.0725)^29, or

A = $2200(7.612) = $16,747.28

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ayoismeisalex

09.06.2021

Speed = 3*10⁷ m/sec
distance =3.5*10⁶m
time=distance/speed = 3.5*10⁶m/3*10⁷ m/sec ≈ 1.17/10 =0.117 sec

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