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
olasank [31]
1 year ago
15

Tom opens a bank account and makes an initial deposit of 500$. Then banker tells Tom that he is going to receive an annual rate

of 6% on his investment. Find the bank balance assuming Tom leaves the account untouched for 15 years. (Will give brainliest to the person who has the answer correct and will shown work.)
Mathematics
1 answer:
Arturiano [62]1 year ago
5 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 &\$500\\ r=rate\to 6\%\to \frac{6}{100}\dotfill &0.06\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &15 \end{cases} \\\\\\ A=500\left(1+\frac{0.06}{1}\right)^{1\cdot 15}\implies A=500(1.06)^{15}\implies A\approx 1198.28

You might be interested in
I need help ASAP please
swat32

Answer:

1. 1653

2. 12

when ever it is area andyou are given 2 numbers 99 percent of the time you just have to multiply

6 0
3 years ago
Read 2 more answers
1/5+x+2/3=1 PLEASE HELP
schepotkina [342]

Answer:

x=2/15

Step-by-step explanation:

1/5+x+2/3=1

3/15+x+10/15=15/15

13/15+x=15/15

x=2/15

3 0
2 years ago
Read 2 more answers
A circular pool at a water treatment facility has a radius of 6 meters. About how long is the outer rim of the pool?
tia_tia [17]
I hope this helps you



Area=6^2pi=36pi


Circumference =2.6pi=12pi
7 0
3 years ago
A student wants to check six websites. Four of the websites are social and two are school-related. After checking just two sites
mash [69]

The approximate probability that she checked a social website first, then a school-related website is 0.267.

First step is to calculate the Total number of websites

Total number of websites=Number of school websites+Number of social websites

Total number of websites=2+4

Total number of websites=6

Second step

Probability of checking the social website first

Probability of checking social website=Number of social websites/Total number of websites

Probability of checking social website= 4/6

Third step

Since one social website is checked which means that she is left with 3 social website and 2 school websites

Total number websites=2+3

Total number websites=5

Forth step

Probability of checking social website=Number of school websites/Total number websites

Probability of checking social website=2/5

Fifth step

Probability= 4/6 x 2/5 = 0.2666

Probability=0.267(Approximately)

Inconclusion the approximate probability that she checked a social website first, then a school-related website is 0.267.

Learn more about probability here:brainly.com/question/25688842

6 0
2 years ago
4: 15^0=? <br><br> a:0 (my answer) <br> b:1 <br> c:15 <br> d:1/15
mario62 [17]
Any number raised to the power of 0 is 1.
Therefore, 15^0 = 1
8 0
3 years ago
Other questions:
  • How to write 8.571 in word form
    12·2 answers
  • 9:30 25 minutes to drive arrive 10 minutes late, what time did he leave home
    10·2 answers
  • 2. A company that produces fine crystal knows from experience that 10% of its goblets have cosmetic flaws and must be classified
    13·2 answers
  • Can someone please help me
    5·1 answer
  • A high school sponsored a badminton tournament. After each round one-half of the players were eliminated.If there were 64 player
    8·1 answer
  • 1/3 the weight of beef and 1/4 the weight of chx make up 54 3/4 pounds of meat he has. if he has a total of 194 1/2 pounds of be
    14·1 answer
  • What is the volume of the cone shown in the picture ? <br> need some help
    7·1 answer
  • Keisha, Justin, and frank have a total of $86 in their wallets. Justin has 3 times what frank has. Keisha has $6 more than frank
    7·1 answer
  • Lincoln is preparing many gifts for a family holiday party. Each gift must either be wrapped with wrapping paper or prepared in
    12·2 answers
  • The center circle on a playing field has a radius of 7.5m find its circumference
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!