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
soldier1979 [14.2K]
2 years ago
7

a grandmother deposits $6000 in an account that pays 9% compounded monthly. What will be the value of the account at the​ child'

s twenty-first​ birthday, assuming that no other deposits or withdrawals are made during this​ period?
Mathematics
1 answer:
valkas [14]2 years ago
8 0

now, we're assuming she made the deposit at the child's birth, namely when year was 0, at the child's twenty-first birthday that'll be 21 years later.

~~~~~~ \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 &\$6000\\ r=rate\to 9\%\to \frac{9}{100}\dotfill &0.09\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{monthly, thus twelve} \end{array}\dotfill &12\\ t=years\dotfill &21 \end{cases} \\\\\\ A=6000\left(1+\frac{0.09}{12}\right)^{12\cdot 21}\implies A=6000(1.0075)^{252}\implies A\approx 39437.11

You might be interested in
Each of five, standard, six-sided dice is rolled once. What is the probability that there is at least one pair but not a three-o
zavuch27 [327]

Answer:

The probability that there is at least one pair but not a three of a kind is 0.6944.

Step-by-step explanation:

We have the case when we have five dices and we roll them and we need  that there is at least one pair but not a three of a king which is Two dice showing the same value, but no three dice showing the value.

Total no of outcomes = 6^5 = 7776

We will consider the other cases and then subtract them from the total outcomes.

No of outcomes of 5 of a kind = 6

No of outcomes 4 of a kind and 1 different = (6*5)*5 = 150

No of outcomes with 3 of a kind and 1 different pairs = (6*1*1*5*1)*5C2= 300

No of outcomes with 3 of a kind and two different = 6*5*4*10= 120*10=1200

No of outcomes when all are different = 6! = 720

These all the cases when subtracted from the total will represent the total cases in which there are two dice showing the same value.

Total cases = 6+150+300+1200+720

                   = 2376

Required no of outcomes = 7776-2376 = 5400

Probability = \frac{5400}{7776} = 0.6944

Therefore the probability for the case of at least one pair but not a three of a kind is 0.6944.

4 0
3 years ago
What's the complete factored form.<br>5b^2(p-7)+7(p-7)​
kap26 [50]

Answer:

The complete factored form in (p-7)(5b^2+7)

Step-by-step explanation:

6 0
3 years ago
The double number line shows the price of 1 cupcake.
mr Goodwill [35]
5 cupcakes = $7.5
18 cupcakes = $27
4 0
3 years ago
PLZ HELP 75 POINTS SHOW WORK
Alexeev081 [22]

Answer:

See in attachment and Mark as brainleist please.

Hope it helps

6 0
3 years ago
Read 2 more answers
**WILL MARK BRAINLIEST** PLEASE ANSWER!! please ??
geniusboy [140]

Answer:

Port eagle has the higher median

Step-by-step explanation:

That's all I will give you.

Why?

Because the median is the average which would be the middle range between two points.

7 0
3 years ago
Other questions:
  • HELP MATH ASAP!!!!! WILL GIVE BRAINLIEST
    12·1 answer
  • Classify question #1: √25
    8·2 answers
  • If a=b what does c equal
    9·2 answers
  • Samantha withdrew $160 from her bank account.if the balance of the account is now 379.52 what was her balance before the withdra
    8·1 answer
  • A rain gutter is made from sheets of aluminum that are 20 inches wide by turning up the edges to form right angles. Determine th
    12·1 answer
  • Solve for x: 3(x + 1) = −2(x − 1) + 6. (1 point) Select one: a. 1 b. 4 c. 5 d. 25
    7·2 answers
  • Y = 3/2x + 3 <br> What is the y-intercept?
    12·1 answer
  • Can someone help me please!!!
    15·2 answers
  • Each square below represents one wnole.<br> What percent is represented by the shaded area?
    7·1 answer
  • Just a quick math problem that I forgot how to do.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!