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
Sliva [168]
1 year ago
15

Suppose you decide to put $12,500 in an account earning 9% interest compounded quarterly. How much interest would you earn after

1 year?
Mathematics
1 answer:
Vesnalui [34]1 year ago
8 0

Step-by-step explanation:

you add 9% to a number by multiplying that number by 1.09.

because adding 9% gives us in the end 109% of the original amount.

anyway, the formula for quarterly compounded interest is

Cq = P [ (1+r)^(4*n) – 1 ]

P is the starting principal amount

r is the interest rate per quarter (= interest rate / 4)

n would be the number of years (= 1 in our case).

so, the interest after 1 year is

12500((1 + 0.09/4)⁴ - 1) = 12500(1.0225⁴ - 1) =

= 12500 × 0.093083319 = $1,163.541485 ≈ $1,163.54

You might be interested in
Drag the tiles to the correct boxes to complete the pairs.
lianna [129]

Answer:

i dont get how this is a math question

and can you post a screenshot so i can understand it better

Step-by-step explanation:

6 0
3 years ago
How to find pattern and equation of y = 3x + 7
ruslelena [56]

Answer:

Use desmos.

Step-by-step explanation:

In the image attached, I graphed the linear function on a graphing calculator. B=7 and the slope is 3.

7 0
3 years ago
<img src="https://tex.z-dn.net/?f=%5Csqrt%2096" id="TexFormula1" title="\sqrt 96" alt="\sqrt 96" align="absmiddle" class="latex-
klasskru [66]

Answer:

If it is \sqrt{96} \sqrt{96} then it is the solution \sqrt{96} \sqrt{96}  = 96 because the square root of an expression multiplied by itself gives that expression.

7 0
2 years ago
A length of rope is stretched between the top edge of a building and a stake in the ground. The rope also touches a tree halfway
alexgriva [62]
The answer is 18 ft because 36 divided by 2 is 18
4 0
3 years ago
Write the equation of the function that<br> can be modeled by this table?
Alika [10]

Answer:

<em>y = 3x + 5</em>

Step-by-step explanation:

y = mx + b (slope-intercept form)

( x_{1} , y_{1} )

( x_{2} , y_{2} )

Slope m = \frac{y_{2} -y_{1} }{x_{2} -x_{1} }

y - y_{1} = m( x - x_{1} )  (point-slope form of linear equation)

~~~~~~~~~~~~~~~

3 0
2 years ago
Other questions:
  • The radius AND height of a cone are each doubled. What is the new volume?
    12·1 answer
  • A circular table has a diameter of 20 inches.what is the area of the table
    5·2 answers
  • What is a dynastic cycle and where did it occur?
    6·1 answer
  • Why did I get this wrong?
    5·1 answer
  • Find the value of the variables. 15 PTS!! {-12 -w^2} { 2k -81 } = {2f 3 } {-14 3 }
    9·1 answer
  • Please help me asap!!!
    12·1 answer
  • -2.1-[2.3-(3.5-(1.9))]
    14·1 answer
  • 30 is what percent of 120?
    12·2 answers
  • Help PLS i put you in brainlist
    8·2 answers
  • Need help with this………
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!