1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anastasy [175]
2 years ago
6

Suppose that $16,000 is deposited for five years at 5 % APR. Calculate the interest earned if interest is compounded semiannuall

y. Round your answer to the nearest
cent.
Mathematics
1 answer:
puteri [66]2 years ago
8 0

~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$16000\\ r=rate\to 5\%\to \frac{5}{100}\dotfill &0.05\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{semi-annually, thus twice} \end{array}\dotfill &2\\ t=years\dotfill &5 \end{cases} \\\\\\ A=16000\left(1+\frac{0.05}{2}\right)^{2\cdot 5}\implies A=16000(1.025)^{10}\implies A\approx 20481.35

You might be interested in
What is the answer to, (4-1) . n = n . _
NikAS [45]

Answer:

(4-1)•n=n•(4-1)

Step-by-step explanation:

It should equal each other so no matter what n equals it will equal each other :3

4 0
3 years ago
Read 2 more answers
Select the situation in which one quantity is changing at a constant rate in relation to the other quantity.
arsen [322]
Choice A is the only one that is changing at a constant rate. The reason is that for all three other choices the new rate is based on a different amount after the percent has been applied or the doubling of the ants has been applied. The price per day for the lunch Is constant because whatever the number of days is the amount would always stay the same for each of those days.
4 0
3 years ago
Read 2 more answers
Please i need your help...Thanks
pishuonlain [190]
Lol I’m not sure but I’m logging in so it’s making me “answer”
8 0
3 years ago
Factor the quadratic expression t^2 + 4t - 7
zepelin [54]

Answer:

Not factorable.

Step-by-step explanation:

We have a trinomial (3 terms). We factor by splitting the middle term 4t into factors of -7 (the last term) which add to 4.

-7 = 1 * -7

4t= 1t+-7t doesn't work

4t=-1t+7t doesn't work

This is not factorable.



7 0
3 years ago
What is the surface area of this<br> rectangular prism?
tatuchka [14]

Answer:

290 in^2

Step-by-step explanation:

6 0
2 years ago
Other questions:
  • Which table shows a function that is decreasing only over the interval (–1, 1)? A 2-column table with 5 rows. The first column i
    14·2 answers
  • Please help me with this math problem :)
    15·1 answer
  • Pls help I don’t get this one (:
    14·1 answer
  • Can u plz help with 30 and 31?
    7·1 answer
  • The most which number has the same value as 20 tens
    12·1 answer
  • Can someone please answer. There is one picture. There's a picture. Thank you!
    14·1 answer
  • A car can travel 264 miles on 11 gallons of gasoline. How far can it travel on 2<br> gallons?
    10·2 answers
  • Find<br>the<br>size of unknown angle​
    5·2 answers
  • Which expressions are equivalent to 16? Select each correct expression
    5·1 answer
  • Put the following equation of a line into slope-intercept form, simplifying all
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!