You invest $4000 into an account that compounds interest on a quarterly basis at 3%. how much money will you have after 5 years? Compound interest formula: A = P(1+r/n)^(nt)

You Invest $4000 Into An Account That Compounds Interest On A Quarterly Basis At 3%. How Much Money Will

Answers

Answer 1

Answer:

26666.6

Step-by-step explanation:

So sorry if this is wrong i tried

Answer 2

The amount after 5 years is $4,644.74.

What is compound interest?

It is the interest we earned on the interest.

The formula for the amount earned with compound interest after n years is given as:

A = P[tex](1 + r/n)^{nt}[/tex]

P = principal

R = rate

t = time in years

n = number of times compounded in a year.

We have,

P = $4000

n = 4

r = 3%

t = 5 years

A = 4000 [tex](1 + 0.03/4)^{20}[/tex]

A = 4000 x [tex]1.0075^{20}[/tex]

A = $4,644.74

Thus,

The amount after 5 years is $4,644.74.

Learn more about compound interest here:

https://brainly.com/question/13155407

#SPJ2


Related Questions

A square has side lengths as shown in the picture and a perimeter of 54.8 centimeters. Write an equation to find the measure of each side length.

Answers

4(X+3)=54.8 or you could write down the longer version

3. Reflect the triangle ABC over the x-axis
to create triangle A'B'C'.

Answers

Answer:

A = (-4,-4) B = (-2,-2) C = (-5,-1)

2. Which of the following is not true?
a. 3(x + 5y) = 3x + 15y
b. 3x(6x) = 18x?
C. 3(x + 2y + 7) = 3x + 6y + 21
d. 5(y + 6k2) = 5(y + 6 + 6k)

Answers

Answer:

c

Step-by-step explanation:

I think it’s C hope this helped;)




which one is it please help ​

Answers

Last one
Hope this helps

What is the distance between the points (4, -8) and (10,8)?

Answers

Answer:

you can not find the distance between them

Step-by-step explanation:

there are no like numbers, if the problem was 4, -8 and 4, 8 i could solve it, so sorry

Answer: Believe you can and you're halfway there

Have a great day!

I don’t have the answer but I’m just spreading positivity.

1. A number plus 6 is less than -3?

2. A number minus 17 is greater than or equal to 23

Answers

Answer:

1= NUMBER 6 IS NOT LESS THAN -3, 6 IS MORE THAN -3

2=23 IS GREATER THAN -17

Step-by-step explanation:

BIG BRAIN

HOPE THIS HELPS

Write the fraction as a decimal 64 100 ​

Answers

Answer:

0.64 is a decimal and 64/100 or 64% is the percentage for 64/100.

Step-by-step explanation:

Answer:

64/100 = 0.64

Step-by-step explanation:

64/100=0.64

(i don't know how to explain it)

Jerilyn picked 40 apples in 5 minutes. What is the unit rate?

Answers

Answer:

Step-by-step explanation:

Total apples = 40

Time = 5 min

Unit rate = 40 ÷ 5 = 8 apples per min

Answer:

You can conclude that the per apple price unit rate is $0.60/1.

Step-by-step explanation:

Taryn made 15 hair ribbons on Monday, 21 hair ribbons on Tuesday, and 27 hair ribbons on Wednesday. Based on her pattern, how many hair ribbons will she make on Thursday?​

Answers

Answer:

She will make 33 hair ribbons on Thursday

Step-by-step explanation:

Each day, 6 extra hair ribbons are made. This pattern supposedly continues.

Hope this helps! :)

Write the equation of the line that passes through the points (-1,3) and (-6, -7).
Put your answer in fully reduced point-slope form, unless it is a vertical or horizontal
line.

Answers

Answer:

y - 3 = 2(x + 1)

Step-by-step explanation:

First, use rise over run to find the slope

(y2 - y1) / (x2 - x1)

(3 + 7) / (-1 + 6)

10 / 5

= 2

Now, plug in the slope and a point into the point slope formula:

y - y1 = m(x - x1)

y - 3 = 2(x + 1)

So, the equation in point slope form is y - 3 = 2(x + 1)

What fraction is closer to 1?

This is due tomorrow! So please help me!

A) 1/4
B)4/6
C) 4/9
D) 3/9
F) 11/12
That’s all of the choices

Answers

Answer:

11/12 is the fraction that is closer to 1.

Answer:

11/12

Step-by-step explanation:

11/12 is only one unit away from becoming whole, (1), while the other options are 3, 2, and 5 units away from becoming whole.

Solve this equation: 2x = 5

Answers

Answer:

2.5

Step-by-step explanation:

2x = 5

x = 5/2 = 2.5

I hope im right!!

X = 5/2 or 2.5 that is the answer

Gary wants to buy a bike that is 30% off. The original price is $109.56. What is the amount of the discount?

Answers

Answer:

32.868

≈33 ( am not sure if it needs to be estimated)

Step-by-step explanation:

100%-> 109.56

30%-> 32.868

         ≈33

On a map the scale is 1 inch = 125 miles. What is the actual distance between two cities of the map distance is 4 inches. ( PLS HELP VERY APPRECIATED)

Answers

Answer:

500 miles

Step-by-step explanation:

Please mark as brainliest.

Hal earns $5 a week doing chores for his parents. He also earns $10 a week for each dog, d, he walks.

Write an equation to find m, the total amount of money Hal earns in one week. Which variable in the equation is the dependent variable and which variable is the independent variable? Tell how you know.

Answers

Answer:

Step-by-step explanation:

m = 5 + 10d

The variable "d" is the independent variable because its value does not depend on another variable. The variable "m" is the dependent variable because its value depends on the value of the variable "d"

Find the value of x.

Answers

Answer:

B.50

Step-by-step explanation:

140-40=100

2x=100

x= 100/2

x=50

Identify the independent variable and dependent variable in the situation:
Wait time, w, and the number of people in line to get on a ride, p.
Independent variable
[Choose)
Dependent variable
[Choose ]

Answers

Independent: surface area of walls
Dependent: paint used

Basically, independent means that this data should not need to change. Dependent typically depends on what is given in the independent. Looking back at the example, if the surface area of the walls is large, then a lot of paint would be necessary. The opposite would occur for a smaller surface area in the walls.

y = -3x + 5
2x + y = 6
solve using substitute please ​

Answers

Answer:(3,-1)

Step-by-step explanation:

 

[tex]\sqrt{-36[/tex]

Answers

Answer:

6

Just use a calculator

6i can’t forget the imaginary number bc it’s negative

What is the highest common factor of 72 and 90

Answers

Answer:

18

Step-by-step explanation:

Write the equation of the line in fully simplified slope-intercept form.

Answers

y= slope x + y intercept
the answer is y=4/5x+8

Answer:

y=4/5x+8

Step-by-step explanation:

in order to find the slope intercept form of a line the first step you have to take is finding where the line meets the y-axis

in this case it would be at (0,8)

so therefore 8 would be your y-intercept (which we label as B)

then in order to find the slope, what i do is find the next point in the middle of the graph (-5,4)

and then i find the distance between the y-intercept and the next point

and in order to do this i first take 8 and subtract by 4 in order to get to (0,4)

and then it moves to the left so i also subtract -5 because the next point is located on (-5,4)

so when doing this it creates our equation of y=mx+b

and that turns into y=4/5x+8

desmos is also a website that can help you with graphing and visualizing things out as well and can also be useful for trial and error when it comes to slopes and graphs and what not.

anyways hope this helps!

if it did please make sure to rate it, leave a like, and give me the brainliest!

have a great day!

Select all the equations where m = 4 is a solution.
Choose 3 answers:
13 = 9+ m
7- m = 3
15 = 11m
5= m + 2
E
20 = m = 5

Answers

13=9+m, 7-m=3 and im not sure about the third answer

He math team does practice drills that each last hour. In February the team did practice drills for a total of 24 hours. How many practice drills did the math team do in feburary

Answers

Answer: 24 drills

Step-by-step explanation:

The math team in question does math drills that last for an hour each time.

In February, a total of 24 hours were used to practice drills.

If the team takes an hour to do one drill, the drills that will be done in 24 hours are:

= Number of hours / Drills per hour

= 24 / 1

= 24 drills

Write and solve an equation to determine the value of x in the figure. a. 3x 84; 252 b. 3x 84; 28 c. 3x 84; 84 d. 3x 84; 81

Answers

Answer:

by men

Step-by-step explanation:

Don't forget to wash your lunch dishes and buy the rice and potatoes I asked ;:)

HELP PLS


What is the value of the x variable in the solution to the following system of equations? (1 point)
4x + 2y = 6
x - y = 3
O-1
5
-2
2

Answers

Answer:

D hope this helps

Step-by-step explanation:

-y •2=-2

-2+2=0

4x+x=5x

6+3=9

5x=9

9 divided by 5

x=1.9

So there for I think the answer is 2 it’s closest to 1.9

The smallest angle in a triangle measures 9 degrees less than the middle angle. The largest angle is 26 degrees more than 3 times the measure of the smallest angle.

Answers

Answer:

Step-by-step explanation:

A+B+C = 180°

A ≤ B ≤ C

B = A+9

C = 3A+26

A+B+C = A + (A+9) + (3A+26) = 5A + 35° = 180°

5A = 145°

A = 29°

B = A+9 = 38°

C = 3A+26 = 113°

Harry is planning a holiday for 4 people for 7 days.
Here are the cost for the Holiday for each person
Travel $150
Hotel $50 for each day
Spending money $250

Answers

$3000

Travel = $150x4 = $600
Hotel = $50x4x7 = $1400
Money = $250x4 = $1000

$600+$1400+$1000=$3000

Hey can somebody get this for me been stuck for five min

Answers

Answer:

3

Step-by-step explanation:

it might be a semicolon instead of a comma I guess

I believe it is 1 because you might needa put a comma there.

I will give brainlyest

Answers

Answer:

[tex]\frac{10}{11}[/tex]

Step-by-step explanation:

The formula for the trigonometric function sin is:

[tex]sin[/tex]Ф[tex]=\frac{opposite}{hypotenuse}[/tex]

The side opposite to the ∠g is x, which is equal to 10

[tex]opposite=x[/tex]      [tex]x=10[/tex]

the hypotenuse of the triangle is z, which is equal to 11

[tex]hypotenuse=z[/tex]    [tex]z=11[/tex]

so the ratio is:

[tex]\frac{10}{11}[/tex]

plz mark me brainliest. :)  

Write the equation of a line in point slope form that passes through (2,3) and has a slope of 1/2

Answers

Answer: y= 1/2x+2

Step-by-step explanation:

Other Questions
Solid A is dilated using a scale factor of 25, resulting in Solid B. Solid B is also dilated using a scale factor of 25, resulting in Solid C. If the volume of Solid B is 72 km^3, what is the volume of Solid A and Solid C? what is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.0 to 4.3 percent of a $20 trillion economy? I NEED HELPPP!!!!! 9th grade math What is the main purpose of the United States Constitution? Colonial policies and decisions have affected many recent problems in Africa, including segregation (apartheid), conflict, poverty, genocide, and unequal development. In a short paragraph, describe a problem facing newly independent African nations as a result of colonialism. What could nations do to overcome these issues? Over the weekend, Jada made three times as much money babysitting than Han did mowing lawns. Jada made an additional $27 selling lemonade. From babysitting and selling lemonade, she has a total of $96 .If the equation is 3x+27=96 represents this situation, what does the variable x represent? How do ideas and information in a text connect to what I already know?Help, please! Chemical bonds release energy when they break apart, and take in energy when they form. How does this observation help explain the energy released by burning wood? If money is an issue for paying for the ACT course, I can see if my family qualifies for a fee waiver.TrueFalse For obvious ethical reasons, the study of children who develop without the benefit of parents is limited. A better source of data concerning the effects on children of not having parents comes from __________. 6. How did Caesar acquire his riches? How is the production of NADPH useful for the process of photosynthesis? Rise of the Kingdoms Exit TicketThe kingdoms developed around gold and silver mines.TrueFalse? Which of the following statements is FALSE?a.The Confederate Constitution made it illegal to free a slave in the South.b.Texas joined the Confederate States of America and seceded from the Union.c.Elected officials in Texas were required to take an oath of loyalty to the Confederacy after Texas seceded.d.After Lincoln was elected President, new territories that originally wanted to join the Union joined the Confederacy instead. Decide if the following biconditional statementis true or false:A shape is a quadrilateral if and only if it is asquare.True or False Karen rented a truck for one day. There was a base fee of $12.00, and there was an additional charge of 6 cents for each mile driven. The total cost, C (In dollars) for driving x miles is given by the following. C=12.00+0.06x what is the total rental cost if Karen drove 40 miles? Natural resources should be consumed with in the limit of carrying capacity of the earth. why ?give reasons . What was a characteristic of the Shang dynasty? PLEASE HELP PLEASE HELPPPPPPPPP!!!!!!!! 2. Joel finished a 5-mile race in 32 minutes. How long did it take him, onaverage, to run each mile?