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
mel-nik [20]
2 years ago
11

Given P equals $11260, T equals six years, and R equals 7.5% compounded weekly. Use the correct compound interest formula to cal

culate to the nearest cent the value of A.
Mathematics
1 answer:
Dmitrij [34]2 years ago
3 0

We would apply the formula for determining compound interest which is expressed as

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

where

A = total amount in the account at the end of t years

r represents the interest rate

n represents the periodic interval at which it was compounded

p represents the principal or initial amount deposited

From the information given,

P = 11260

t = 6

r = 7.5/100 = 0.075

n = 52(Assuming the number of weeks in a year is 52 and it would be compounded 52 times in a year)

Thus, we have

A = 11260(1 + 0.075/52)^52*6

A = 11260(1 + 0.075/52)^312

A = 17653.5

You might be interested in
Harriet works 42 hours a week.
gtnhenbr [62]

Harriet works 42 hours a week. She gets paid £9.12 for each hour she works. An estimated amount Harriet gets paid in a week is £378

<h3>How to calculate the percent error?</h3>

Ssuppose the actual value and the estimated values after the measurement are obtained. Then we have:

Error = Actual value - Estimated value

Harriet works 42 hours a week. She gets paid £9.12 for each hour she works.

1 hour = £9.12

Estimated

£9 x 42 hours = 378

Actual

£9.12 x 42 hours = 383.04

Learn more about error;

brainly.com/question/27470570

#SPJ2

3 0
2 years ago
Read 2 more answers
12, 21, 30 and 39 are the first four terms in a sequence
vivado [14]

Answer:

12, 21, 30, 39, 48, 57, 66, 75, 84.  

Ninth term is 84.

Step-by-step explanation:

The rule for this sequence is "add 9".

So, using this rule, we can do......

12, 21, 30, 39, 48, 57, 66, 75, 84.

<em>Remember to add 9 each time!</em>

Best of luck :3

4 0
3 years ago
I need he,p i have to finish this by 12:30!!
nirvana33 [79]

Answer:

a and c

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Find 2a for a = 3-<br> 4<br> = 34
Usimov [2.4K]

Answer:

68

Step-by-step explanation:

2a

2x34(adding value of a)

68

8 0
3 years ago
If multiplying by 1/4 makes a positive number smaller then what does dividing by 1/4 do to the value of the number? Explain your
Free_Kalibri [48]

Hello,

If multiplying by 1/4 makes a positive number smaller then dividing  by 1/4 makes the number its being dividing to see how many times 1/4 can be put into that number. For Example,

2 / 1/4 = 8

1/4 can go into 2 eight times!

Hope This Helps!

5 0
3 years ago
Other questions:
  • Ashley is utilities manager at a paper mill. It takes 4/5 an hour to fill 1 tank. How many tanks can she fill in one hour
    5·1 answer
  • ΔABC with vertices A(-3, 0), B(-2, 3), C(-1, 1) is rotated 180° clockwise about the origin. It is then reflected across the line
    11·1 answer
  • What is the domain of range of y=-2x+3
    12·1 answer
  • Levi made 50 phone calls during a charity fund raising drive and received 4 pledges for donations. If he makes 120 calls, about
    7·1 answer
  • Find the equation of this line
    11·1 answer
  • Whats 307 495 rounded to the nearest thousand
    13·2 answers
  • X minus 32? i need answer ASAP
    10·2 answers
  • The radius of a circle is 5 feet.
    6·2 answers
  • A sphere with a diameter of 18cm. find the volume
    14·1 answer
  • Calculate the distance between the points E= (-9,8) and M= (-4,2) in the coordinate plane. Give an exact answer (not a decimal a
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!