Question 13
You deposit $8,400 in an account earning 3.6% interest compounded monthly.
a. How much will you have in the account in 20 years?
b. How much interest will you earn?

Answers

Answer 1

Answer:

A = $17,238.65

I (interest) = $8,838.65

Step-by-step explanation:

Using the formula A = P(1 + r/n)^nt

A = $17,238.65

A = P + I where

P (principal) = $8,400.00

I (interest) = $8,838.65

First, convert R as a percent to r as a decimal

r = R/100

r = 3.6/100

r = 0.036 rate per year,

Then solve the equation for A

A = P(1 + r/n)^nt

A = 8,400.00(1 + 0.036/12)^(12)(20)

A = 8,400.00(1 + 0.003)^(240)

A = $17,238.65

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $8,400.00 at a rate of 3.6% per year compounded 12 times per year over 20 years is $17,238.65


Related Questions

Please help on the question as attached by providing detailed steps. Tq​

Answers

Answer:

Step-by-step explanation:

Put the following linear relationships in order from least rate of change to greatest rate of change.

1: y=2x+7
2: y=5x-3
3: y=3x
4: y=4x+6

Answers

Answer:

1.  3.  4.  2.

Step-by-step explanation:

All the given linear relationships are given in slope-intercept form
y = mx + b  (where m is the slope and b is the y-intercept).

The slope (gradient) of the line represents the rate of change.  Therefore, we need to examine the slope of each relationship, and order them accordingly.

Solution

From least rate of change to greatest rate of change:

1. y = 2x + 7

3. y = 3x

4. y = 4x + 6

2. y = 5x - 3

A party rental company has chairs and tables for rent. The total cost to rent 3 chairs and 8 tables is $87. The total cost to rent 5 chairs and 2 tables is $26.
What is the cost to rent each chair and each tabl

Answers

Answer:

(Chairs):C=29−8t/3

(Tables):T=87/8−3c/8

Step-by-step explanation:

For C: Move all terms that don't contain c to the right side and solve.

For T: Move all terms that don't contain t to the right side and solve.

(Do the same thing with the other numbers as well)

(CHeck your work for each one)

9$ for tables , 5$ for chairs.

9times8 = 72
72 + 5 + 5 + 5 = 87

How to do this one ?

Answers

The volume of the conical mountain, to the nearest whole number, is approximately 143 cubic kilometers.

What is the Volume of a Cone?

Volume of a cone = 1/3πr²h, where h os the height, r is the radius.

Given the following dimensions of the conical mountain:

Height (h) = 3.8 kmRadius (r) = 6 km

Volume of the mountain = 1/3πr²h = 1/3π(6²)(3.8)

Volume of the mountain ≈ 143 km³

Learn more about volume of cone on:

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-27 w3 + 125 factorize

Answers

[tex]-1(3w-5)(9w^{2} +15w+25)[/tex]

Latasha reads 9 pages in 3 minutes. Latasha reads at a rate of
per minute. She reads at a rate of ?
minute per page.

Answers

Answer:

3 pages per minute.

Step-by-step explanation:

If we know that she reads 9 pages in 3 minutes, then we can divide the whole speed by 3 to get how much she reads in one minute.
3 pages in 1 minute.

3 pages per minute!

Reason being because if you divide 9/3 you get 3! And you divide to find how many pages per minute which gives you 3!

Solve For m
m = - ( 4 + m ) + 2

Answers

-1
m=-2-m
add m to both side
2m=-2
Divide by 2m
m=-1

Students and teachers at a school were asked if they preferred blue, green, red, or yellow. The table shows the results of the survey. Blue Green Red Yellow Total Students 5 10 20 15 50 Teachers 15 10 5 20 50 Total 20 20 25 35 100 Choose three statements that can be inferred from the data in the table. A. 20% of all people surveyed chose blue. B. 20% of the students surveyed chose red. C. 20% of the students surveyed chose blue. D. 20% of the teachers surveyed chose green. E. 20% of those who chose red were teachers. F. 20% of those who chose yellow were teachers.​

Answers

20% of all people surveyed chose blue and 20% of the teachers surveyed chose green. Then the correct options are A and D.

What is probability?

Probability means possibility. It deals with the occurrence of a random event. The value of probability can only be from 0 to 1. Its basic meaning is something is likely to happen. It is the ratio of the favorable event to the total number of events.

Students and teachers at a school were asked if they preferred blue, green, red, or yellow.

The table shows the results of the survey.

[tex]\begin{matrix}&\rm Blue &\rm Green &\rm Red &\rm Yellow &\rm Total \\\\\rm Students &5 &10 &20 &15 &50 \\\\\rm Teachers &15 &10 &5 &20 &50\\\\\rm Total &20 &20 &25 &35 &100\end{matrix}[/tex]

A. The probability of the people who chose blue will be

[tex]\rm P = \dfrac{20}{100} = 0.2 \ or \ 20\%[/tex]

B. The probability of the student who chose red will be

[tex]\rm P = \dfrac{20}{50} = 0.4 \ or \ 40\%[/tex]

C. The probability of the student who chose blue will be

[tex]\rm P = \dfrac{5}{50} = 0.1 \ or \ 10\%[/tex]

D. The probability of the teachers who chose green will be

[tex]\rm P = \dfrac{10}{50} = 0.2 \ or \ 20\%[/tex]

E. The probability of the teachers who chose red will be

[tex]\rm P = \dfrac{5}{50} = 0.1 \ or \ 10\%[/tex]

F. The probability of the teachers who chose yellow will be

[tex]\rm P = \dfrac{20}{50} = 0.4 \ or \ 40\%[/tex]

More about the probability link is given below.

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Gary used 7 yards. His brother used four times as much fabric. How much fabric did Gary's brother use?​

Answers

Answer: 28 yards

You just have to multiple the 7 by the 4. :)

simplify (2x-3)^3-(x-4)^3
please help urgently

Answers

Answer:

7x^3 -24x^2 +6x +37

Step-by-step explanation:

Step 1:

Expand (2x-3)^3

(2x)^3 - 3(2x)^2 * 3+3 * 2x * 3^2 -3

(8x^3 -36x^2 +54x -27)

Step 2:

Expand (x-4)^3

x^3 -3x^2 *4 +3x *4^2 -4^3

(x^3 -12x^2 +48x -64)

Step 3: Subtract and add like terms

(8x^3 -36x^2 +54x -27) - (x^3 -12x^2 +48x -64)

7x^3 -24x^2 +6x +37

Ans: 7x^3 -24x^2 +6x +37

350 divided by what gives you 5?

Answers

Answer:

350 divided by 70

Step-by-step explanation:

350 by 5= 70  350 by 70 = 5

Hope this helps

Answer:

70

Step-by-step explanation:

Which of the functions below could possibly have created this graph?

O A. F(x) - –** – x2 – 3x2 +3
O B. F(x) = x + 13** + 12x
C. F(x) = -x + 2x* +6x
D. F(x)= x4 – x2 – 3x +3

Answers

Answer:

D

Step-by-step explanation:

All you have to do is put it in desmos, hope this helped :)))

The graph of the equation is f ( x ) = x⁴ - x³ - 3x² + 3

What is Equation of Graph of Polynomials?

Graphs behave differently at various x-intercepts. Sometimes the graph will cross over the x-axis at an intercept. Other times the graph will touch the x-axis and bounce off.

Identify the even and odd multiplicities of the polynomial functions' zeros.

Using end behavior, turning points, intercepts, and the Intermediate Value Theorem, plot the graph of a polynomial function.

The graphs cross or are tangent to the x-axis at these x-values for zeros with even multiplicities. The graphs cross or intersect the x-axis at these x-values for zeros with odd multiplicities

Given data ,

Let the equation of the graph be represented as A

Now , the value of A is

f ( x ) = x⁴ - x³ - 3x² + 3

There are no asymptotes for the function

And , the graph of the function is plotted below

Hence , the equation is f ( x ) = x⁴ - x³ - 3x² + 3

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A metal strip is being installed around a workbench that is 8 feet long and 2 feet wide. If the stripping costs ​$3 per​ foot, find the total cost of the stripping.

Answers

Length x width x price
8x2 = 16

16x$3 = $48

the total cost is $48

a bike requires 2 hours of assembly and a swing 3 hours. a maximum of 250 hours of assembly time are available. the profit is $50 on a bike and $20 on a swing. if no more than 100 items can be produced how many of each should be assembled for maximum profit?

Answers

The assemble for maximum profit  is mathematically given as

For maximum profit, 100 tire and 0 strings must be assembled.

How many of each should be assembled for maximum profit?

Generally, the equation for the max number  is mathematically given as

Mx=50x+20y

Therefore

2x+3y \leq 250

x1+x\leq=100

Therefore

with cordinates of

(0,0)

(100,0)

(50,50)

(0,250/3)

In conclusion, The mx of 50x+20y is (100,0)

Hence, for maximum profit 100 tire and 0 strings must be assembled.

Read more about Arithmetic

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61-63 Sketch the region bounded by the given curves and find the area of the region.
61. [tex]y=1 / x, \quad y=1 / x^{2}, \quad x=2[/tex]

Answers

The area of the region is 0.193 square units for the region bounded by the curves and find the area of the region.

What is integration?

It is defined as the mathematical calculation by which we can sum up all the smaller parts into a unit.

To find the area of the bounded region by the curves(refer to attached picture):

[tex]\rm A= \int\limits^2_1 {(\frac{1}{x}-\frac{1}{x^2}) } \, dx[/tex]

After solving:

A = 0.193 square units

Thus, the area of the region is 0.193 square units for the region bounded by the curves and find the area of the region.

Learn more about integration here:

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Max and Tara are each designing a playground for a school project. In Max’s design, x square feet of the playground will be covered in wood chips. In Tara’s design, the area to be covered is 40 square feet less than 1.5 times the area covered in wood chips in Max’s design. Which expression represents the area, in square feet, to be covered in wood chips in Tara’s design? 1.5x-40

Answers

Answer Is c I know it

Wilbur has homework assignments in seven subjects. He only has time to do five of them.

Answers

Answer:

21 ways

Step-by-step explanation:

Given

Wilbur has 7 subjects' homeworkHe can only do 5 of them

Combination Formula

ⁿCₓ = n! / (n - x)! x!

Number of possible ways

⁷C₅ = 7! / 2! x 5!⇒ 7 x 6 x 5! / 2! x 5!⇒ 7 x 6 / 2⇒ 7 x 3⇒ 21 ways

Someone help, please and thank you

Answers

Answer:

6√2

Step-by-step explanation:

Given,

θ = 45

Opposite side = 6

To find : - Hypotenuse

Formula : -

sin θ = Opposite side / Hypotenuse

[ The value of sin 45 = 1 / √2 ]

sin 45 = 6 / Hypotenuse

1 / √2 = 6 / Hypotenuse

Cross multiply,

Hypotenuse = 6√2

Answer:

6[tex]\sqrt{2}[/tex]

Step-by-step explanation:

a 45-45-right triangle always has the same relationship between the legs and hypotenuse.

leg:leg:hypotenuse

x:x:x[tex]\sqrt{2}[/tex]

Use the function below to find f(3)

F(x) = (1/4)x

Please help!!

Answers

It’s B :))
Hope this helps

The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a reference year of 1986.

Year CPI
1991 110
1992 120
1993 135


Which of the following is true about the CPI, based on the information?

A.)
$100 in 1992 would have been worth $100 in 1986.
B.)
$100 in 1993 would be equivalent to $120 in 1992.
C.)
$100 in 1986 would be equivalent to $135 in 1993.
D.)
$100 in 1991 would have been worth $110 in 1986

Answers

It would be c. Because the average would come out to 100 in 93 and 120 in 92

9 to the power of 0 is what number

Answers

Answer:

1

Step-by step Explanation:

∴ Exponent rule: Any number that has an exponent as 0, the result is 1.

⇒ 9⁰ = 1

Thus, the result is 1.

24 out of 50 children prefer the color blue. what
percentage of children prefer the color blue?

Answers

Answer:

48%

Step-by-step explanation:

as a fraction is 24/50

make denominator 100 so times by 2

24 x 2 = 48 so

48/100 = 48%

26% is the percentage of how much I think?

image Which absolute value equation represents the graph? Question 7 options: A) ƒ(x) = –|3x| – 5 B) ƒ(x) = 5|x| – 3 C) ƒ(x) = |5x – 3| D) ƒ(x) = 3|x – 5|

Answers

The function f(x) = |x| shift horizontally to the right by 5 units with a stretch of 3 units. The resulting function will be f(x) = 3|x - 5|

Transformation of functions

Transformation is a technique used to change the position of an object on an x-plane.

The parent function of the shown graph is f(x) = |x|

The attached graph shows that the function f(x) = |x| shift horizontally to the right by 5 units with a stretch of 3 units. The resulting function will be f(x) = 3|x - 5|

Learn more on transformation here: https://brainly.com/question/4289712

use ABC to find the value of cos A

40/9
9/41
40/41
9/40

Answers

Answer:

Yes the one you clicked on is the right answer.

will mark brainliest

Answers

Answer:

0.5

Step-by-step explanation:

total no. of tiles

= 3 + 6 + 3

= 12

probability of tile being green

= 6 / 12

= 1/2

= 0.5

hope this helps!

Can you just answer question 23!!! i need help!!!

Answers

Answer:

It is Graph A because it has the properties of a cubic graph.

please mark as brainliest thank you

Case Study 2: Maxing out Matched Savings
Chen's employer will match 50% of their $250 monthly contributions to their 401(k). This
means that Chen's employer will put 50% of $250 = $125 into Chen's 401(k) account each
month in addition to Chen's $250. Free money-- Nice! (this is common!)
How much will Chen have after 40 years of saving $250 their own money if the account
compounds monthly at 3% APR?
hint: Use the TVM Solver on the Tl or this website. Remember, ignore the - sign. Don't forget
about the matching!
Type answer as a number without the $ symbol rounded to the hundredths. Example, if it
the answer was $1234.5687, you would enter 1234.57.

Answers

Answer:

The computation of the given question is shown below:-

Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)

= $250 + $125

= $375  

1. Future Value = PMT [((1 + r)n - 1) ÷ r

Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)

= $347,272

2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years

= $250 × 12 Months × 40 Years

= $120,000

3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years

= $125 × 12 Months × 40 Years

= $60,000

4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer

= $347,272 - $120,000 - $60,000

= $167,272

Step-by-step explanation:

There is 1/2 of a pizza left for 4 friends to
share. What fraction of a pizza will each
friend get to eat?

will make brainlest and rate 5 stars and say thanks

Answers

you could solve this problem one of two ways-

1)

100/4 25/2 12.5

100, equals the entire pizza. 4, is the number of people. 25, is the amount they all get. They you divide by 2 since it is only a half pizza.

-or-

2)

100/2 50 50/4 12.5

100, equals the entire pizza. Divide that by 2 since it half a pizza. 100/2 equals 50. Then, since there is 4 friends you divide 50 by 4. Which equals 12.5.

In conclusion, the final answer is 12.5% of the pizza each.

Hope this helps!!

Which of the following will form the composite function G(F(x)) shown
below?
G(F(x)) = (x-7)2 + (x-7)-1

A. F(x)=(x-7)2 and G(x)=(x-7)-1

B. F(x)=x²+x-1 and G(x) = x-7

C. F(x)=(x-7)-1 and G(x)=(x-7)²

D. F(x)= x-7 and G(x)=x²+x-1

SUBMIT

Answers

Answer:

The answer is D.

Step-by-step explanation:

Find the length of the indicated side.​

Answers

Answer:

Step-by-step explanation:

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