A house is losing value at a rate of 5.4% per year. In 2009, the house was worth $331,000. Find the value of the house in 2021.

Answers

Answer 1

Answer:

$169803

Step-by-step explanation:

Given data

rate of decrease = 5.4%

time = 2009-2021= 12years

P=  $331,000

Let us apply the compound interest formula

A=P(1-r)^t----------------note the minus sign because this is a decrease

A= 331000(1-0.054)^12

A= 331000(0.946)^12

A= 331000*0.513

A=$169803

Hence the value in 2021 is $169803


Related Questions

WILL GIVE BRAINIEST!!!!!

Answers

Answer:

x=2

Step-by-step explanation:

If a fair die is rolled 7 times, what is the probability, rounded to the nearest thousandth, of getting at most 2 twos?

Answers

Answer:

0.904

Step-by-step explanation:

Using the binomial distribution, it is found that there is a 0.905 = 90.5% probability of getting at most 2 twos.

For each time the die is rolled, there are only two possible outcomes, either the result is a 2, or it is not. The result on a roll is independent of any other roll, which means that the binomial distribution is used to solve this question.

Binomial probability distribution

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

The parameters are:

x is the number of successes. n is the number of trials. p is the probability of a success on a single trial.

In this problem:

The die is rolled 7 times, hence [tex]n = 7[/tex].One out of the 6 sides is a 2, hence [tex]p = \frac{1}{6} = 0.1667[/tex]

The probability is:

[tex]P(X \leq 2) = P(X = 0) + P(X = 1) + P(X = 2)[/tex]

Hence:

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 0) = C_{7,0}.(0.1667)^{0}.(0.8333)^{7} = 0.279[/tex]

[tex]P(X = 1) = C_{7,1}.(0.1667)^{1}.(0.8333)^{6} = 0.391[/tex]

[tex]P(X = 2) = C_{7,2}.(0.1667)^{2}.(0.8333)^{5} = 0.235[/tex]

Then:

[tex]P(X \leq 2) = P(X = 0) + P(X = 1) + P(X = 2) = 0.279 + 0.391 + 0.235 = 0.905[/tex]

0.905 = 90.5% probability of getting at most 2 twos.

A similar problem is given at https://brainly.com/question/24863377

Clara and Ben each have a rock collection. • The number of rocks in Clara's collection can be represented by, • The number of rocks in Ben's collection is 4 times the number of rocks in Clara's collection. • The total number of rocks in both collections is 225. What is x, the number of rocks in Clara's collection?​

Answers

Answer:

ASD

Step-by-step explanation:

PLZZZ HELP!! 22 pts!!!

Given P(A)=0.5P, (A)=0.5, P(B)=0.24, P(B)=0.24, and P(A and B)=0.2, find the value of P(A or B), rounding to the nearest thousandth, if necessary.

Answers

Answer:  0.54

Work Shown:

P(A or B) = P(A) + P(B) - P(A and B)

P(A or B) = 0.5 + 0.24 - 0.2

P(A or B) = 0.54

Provide an exact evaluation of the expression:

Answers

-1/2 is the answer hope it's correct

if it is in degrees then it should be -1/2 if I’m not wrong. if it is radians the answer will be different

just answer number 5 pls

Answers

Step-by-step explanation:

hope that helps . the process is shown in the above picture.

An angle measures 2° more than the measure of its supplementary angle. What is the measure of each angle?

Answers

Answer:

182

Step-by-step explanation:

is what that is plus 2

You invest $125,000 in an account that earns 4.75% annual
interest, compounded continuously.
a. What is the value of the account after 15 years?

Answers

Step-by-step explanation:

step 1. let's call the amount of money A, the initial amount A¡, the rate r, and the time t.

step 2. A = A¡e^(rt) (continuously compounding equation)

step 3. A = 125000e^((.0475)(15))

step 4. A = $254,885.32

The value of the account after 15 years will be $254885.


What is compound interest?

In theory, continuously compounded interest means that an account balance is constantly earning interest and reinvesting that interest so that it, too, earns interest.p explanation.

In finance and economics, interest is the payment of an amount above the repayment of the principal sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by a borrower or depositor.

Given that you invest $125,000 in an account that earns 4.75% annually for 15 years of the time.

The compound interest will be calculated as:-

[tex]P(t) = P_o\times e^{rt}\\P(t) = 1250000\times e^{0.0475\times 15}[/tex]

P(t) = $254885

Hence, the value of the account after 15 years will be $254885.

To know more about compound interest follow

https://brainly.com/question/28020457

#SPJ5

Which expressions are equivalent?


I like your cut G!

Answers

Answer:

b

Step-by-step explanation:

answer : letter b
step by step explanation:

Mrs. Jones had 1 3/8 pizzas left after a party. After giving some to Gary, she had 6/8 pizza left. What fraction of a pizza did she give Gary?

Answers

Answer:

She gave 5/8 to Gary.

Step-by-step explanation:

1 3/8 as an improper fraction is 11/8. 11/8 - 6/8 is 5/8.

Answer:

5/8

Step-by-step explanation:

Turn a mixed number to an improper fraction: 1 3/8=11/8

Subtract: 11/8-6/8=5/8

5/8

Hope this helped!! :)

Brainliest?!?!

Stay safe and have a wonderful day/afternoon/night!!!

HELP! I need to divide 31.35 / m squared.

Answers

Answer:

it doesn't change

Step-by-step explanation:

how to expand and simplify 3(m + 2) + 4(6 + m)

Answers

Answer:

7m+30

Step-by-step explanation:

what is the solution or -3y+1≥7​

Answers

the answer is

[tex]y \leqslant - 2[/tex]

Gary needs 6 bolts for a car repair. The bolts only come in packs of 10.
What percentage of bolts will Gary use in the pack?

Answers

Answer: 60%

Step-by-step explanation:

10 percent is 1 bolt so therefore 6 bolts would make 60%

Which expression is equivalent to −34x−2

Answers


It would be 120 if you reduce the “ expression” and if possible cancel the common factors and it would be 120

you need 3 sticks of butter for every 24 cookies you bake how many sticks of butter do you need for 16 cookies

Answers

Answer: 2

Step-by-step explanation:

24 divided by 3 is 8 so 1 stick of butter makes 8 cookies so 2 sticks of butter make 16 cookies(2 x 8)

Answer:

2 sticks of butter

Step-by-step explanation:

First, let's figure out how many cookies you can make with one stick of butter. So, we can divide 3 by 3 and 24 by 3...

[tex]\frac{3}{3} = 1\[/tex]

[tex]\frac{24}{3} = 8[/tex]

Now that we know that 1 stick of butter makes 8 cookies, we can multiply the amount of cookies till it becomes 16...

8×? = 16

We could rewrite this equation as division...

16÷8 = 2 sticks of butter

Now we know that we need 2 sticks of butter for 16 cookies...

Hope this Helps!!!

The circumference C of a circle with radius r can be calculated using the formula C=2nr which formula represents r in terms of C?

Answers

Answer:

r=C/2Pi

Step-by-step explanation:

C=2(Pi)r

r=C/2Pi

Which of these sets of ordered pairs are functions?
R={(0, 0), (1, 1), (2, 2)}
S={(0, 1), (1, 2), (2, 3)}
T={(0, 1), (0, 2), (0, 3)}
A. only set S
B. only sets R and S
C. only sets S and T
D. sets R, S, and T

Answers

Uhhhmmmmmmmmmmmmmmmmmmmmmmm

what is the square root of 72/25x4

Answers

Answer:

1.35764501988

Step-by-step explanation:

A small radio station can broadcast a distance of 16 miles in all directions. A broadcast from the radio station can reach a total area of-?​

Answers

Answer:

Step-by-step explanation:n1g4 a 103837 miles

What is (0.3)⋅(0.5)?

Answers

Answer:

0.15

Step-by-step explanation:

The product of 3 and a number equals the sum of 16 and a number.

Answers

Answer:

The numbers can be either -8,-7,-6, or 6, 7, 8.

n(n−1)(n+1)=16(n−1+n+n+1)  

⟹n(n2−1)=16×3n  

⟹n(n2−1)n=48nn  

⟹(n2−1)−48=48−48  

⟹n2−49=0  

⟶(n−7)(n+7)=0  

n  can be  7  or  −7 , so the numbers can be either  −8,−7,−6  

Or

6,7,8

Step-by-step explanation:

6,7,8 is are variable

I need massive help!!!!!!!!!

Answers

Answer:

60%

Step-by-step explanation:

Write 0.6 as 0.60, which is 60 hundredths. 60 hundredths is 60 percent. You can also move the decimal point two places to the right to find the percent equivalent.

20POINTS HELP PLEASE!!!!!!!!!

Answers

B because there is less green than red
A and B are both true, but I would go with A.

please help me will give brainliest

Answers

Answer:

x= 24/7 (fraction) brainliest plss :)

Answer:

The Answer is x= 24/7

Step-by-step explanation:

The reason why

Which event below has the GREATEST probability of winning a prize?
A. choosing 1 number out of a on the spinner.
B. Flip a heads on a coin
C. Rolling a 2 on a FNC (Fair Number Cube) on the 1st roll.
D. Choosing the ball beneath the correct cup.

Answers

Answer:

Probably B.

Step-by-step explanation:

It's a 50% chance and the other ones seem less likely than that.

A. no clue what that means

B. 1/2 chance/ 50%

C. 1/6 chance which is not as great as B.

D. 1/3 chance which is closer to B but still not as good.

Pretty Please answer this!
Analyze the following image and state
Line of Symmetry
Coordinates of the Vertex, X - intercepts, Y - Intercepts.
Whether the graph is positive or negative.

Answers

Answer:

The x-intercept is where the graph crosses the x-axis, so in this case, the x-intercepts are (-4, 0) and (-2, 0).

The y-intercept is where the graph crosses the y-axis, so in this case, the y-intercept is (0,8).

The  line of symmetry splits the  graph in two equal halves, and it is x=-3.

Finally, because this graph opens up, the graph is positive.

Let me know if this helps!

Kate went to the store and bought some pants for $22 and 4 shirts. She spent a total of $52. How much did each shirt cost? Write an equation to represent this situation.

Answers

Answer:

$7.5

$22 + 4x = 52

Step-by-step explanation:

Given that:

Cost of pants = $22

Number of shirts = 4

Total spent = $52

Let the cost per shirt = x

Cost of pants + cost of shirts = total

$22 + 4x = 52

4x = 52 - 22

4x = 30

x = 30 / 4

x = 7.5

Cost per shirt = $7.5

what non-metal cannot form multiple bonds

Answers

Answer:A given nonmetal atom can form a single, double, or triple bond with another nonmetal. Which type of bond is formed between the atoms depends on their numbers of valence electrons.

Step-by-step explanation:

Answer:

A nonmetal atom can form either a single double or triple bond with another nonmetal. The type of bond that is formed between the atoms depends on their numbers of valence electrons.

Step-by-step explanation:

How many sides does a polygon have if each interior angle is 150 degrees?

Answers

It will have 12 sides
Other Questions
wich of these statements best describes an outcome of uranium mining Map image of the congressional districts of Texas. District 1 is located in eastern Texas. It is a small district that is relatively uniform in size and shape. District 11 is located in central Texas. The district is fairly large and comprises several Texas counties. District 13 is a large district that takes up much of the panhandle in northern Texas. District 23 is largest district in Texas in terms of physical size. This district spans across much of its southwestern region. District 25 is located in southern Texas. It is a long, narrow district that spans from the southern border to central Texas. 2011 The Exploration CompanyWhich of the following districts could be the result of gerrymandering? (4 points) aDistrict 4 bDistrict 10 cDistrict 15 dDistrict 2 eDistrict 14 eseasdasdsadasdadasdar a list of topics of main ideas that shows the structure of the research paper solve for brainliest Women held a significant influence in the arts/literary achievements in Japan during this time.A.TrueB.False All existing matter and space is referred to as the _______________ what is 4.059 divided by 1,000 Question: The table shows pairs of random digits. The pairs in each group simulate the 5 shots taken by the opponent.The paired digits 00 to 99 represent 100 shots.Let 00 to 72 = a shot that is saved. Which digits represent a goal scored? Explain. PLZZZZZZZZZZZZZZZZZZZZZZZZZ HELPPPPPPPPPPPPPPPPPP MEEEEEEEEEEEEsolve by graphing x - 3y = 2-3x + 9y = -6 Did the union want to maintain slavery A vending machine that serves coffee pours a varying I REALLY NEED A GOOD GRADE ON THISSS i need help pls and thank you Who is responsible for authoring the 95 Theses, which essentially started the Protestant Reformation?-))A)King JamesB)Martin LutherJohann TetzelD)Johann Gutenberg What do the 13th, 14th, and 15th Amendments of the Constitution of the United States all have in common 2. True or False. Joseph decided to name the baby Jesus after a family member.truefalse I need help Im not good at math lol Alma and Crystal went out to et and spent $16. They wanted to tip the waitress 15%, what was the total cost of their meal including tip? A: 2.40B: 18.40C: 4.80D: 46.80 The volume of gas a balloon can hold varies directly as the cube of its radius. Imagine a balloon with a radius of 4 inches can hold 192 cubic inches of gas. How many cubic inches of gas must be released to reduce the radius down to 3 inches?