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DiKsa [7]
2 years ago
5

Teresa deposits $3,500 in an account that earns

Mathematics
1 answer:
True [87]2 years ago
5 0

The total amount accrued, principal plus interest, with compound interest on a principal of $3,500.00 at a rate of 2.25%  is $4,779.19.

<h3>Compound Interest</h3>

Given Data

  • Principal P= $3,500
  • Rate r = 2.25%
  • Time t = 14 years
  • Final Amount A = ??

A = P + I where

P (principal) = $3,500.00

I (interest) = $1,279.19

Calculation Steps:

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

r = R/100

r = 2.25/100

r = 0.0225 rate per year,

Then solve the equation for A

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

A = 3,500.00(1 + 0.0225/1)^(1)(14)

A = 3,500.00(1 + 0.0225)^(14)

A = $4,779.19

Learn more about compound interest here:

brainly.com/question/24924853

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4 years ago
Kenny has $1,400 in the bank. He earns $150 every week at his afterschool job. What is the rate of change for the scenario descr
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3 years ago
the length of a new rectangle playing field is 6 yards longer than quadruple the width. if the perimeter of the rectangle plaing
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The length and width of a new rectangle playing field are 214 yards and 52 yards respectively.

<h3>What is the area of the rectangle?</h3>

It is defined as the area occupied by the rectangle in two-dimensional planner geometry.

The area of a rectangle can be calculated using the following formula:

Rectangle area = length x width

We have:

The length of a new rectangle playing field is 6 yards longer than quadruple the width.

Let's suppose the length is l and width is w of a rectangle:

From the problem:

l = 6 + 4w

Perimeter P = 2(l + w)

532 = 2(l + w)

Plug l = 6+4w in the above equation:

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260 = 5w

w = 52 yards

l = 6 +4(52) = 214 yards

Thus, the length and width of a new rectangle playing field are 214 yards and 52 yards respectively.

Learn more about the area of rectangle here:

brainly.com/question/15019502

#SPJ1

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Michael recorded the color of each car that passed by his office. He saw 30 blue cars and 40 green cars. What is the experimenta
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Step-by-step explanation:

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Write a subtraction problem involving two positive integers with a negative difference. Explain the relationship between the two
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When both integers have the same value, the difference is zero. The difference between a positive and a negative integer can be positive or negative. When you subtract a negative integer from a positive integer, the difference is always positive this might help

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