Betty and Bill just won $10,000 in the Pennsylvania state lottery. They decide to spend $3,000 now and put the remaining $7,000 in an investment earning 8 percent compounded annually. If they use the money in that investment for a vacation in five years, approximately how much will they have available to spend on that vacation?

$10285.29

Step-by-step explanation:

The idea is to solve for the final amount when $7000 is invested and compounded

given data

principal= $7000

rate= 8%= 0.08

time =5years

We know that the expression for the final amount is

A = 7000(1 + {0.08)^5

A=7000(1.08)^5

A=7000(.469328)

A= 10285.29

They have available to spend on that vacation $10285.29

according to the triangle sum theorem, all the angles in a triangle must add up to 180 degrees. if we know one angle is already 90, we do 180-90=90. the other 2 angles must add up to 90, exactly.

step-by-step explanation:

with btw u said 100pts but it clearly says

i answerd and just got 10pts

no hate