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
Anuta_ua [19.1K]
3 years ago
11

Please help! Thank you

Mathematics
2 answers:
Alex_Xolod [135]3 years ago
7 0
Find the future value
A=p (1+r/k)^kt
A=3,200×(1+0.024÷4)^(4×15)
A=4,581.72
interest earned
4,581.72−3,200
=1,381.72
Ket [755]3 years ago
5 0

Answer:

D) $1381.72

Step-by-step explanation:

We have been given that Brett deposited $3,200 into a savings account for which interest is compounded quarterly at a rate of 2. 4%. We are asked to find the amount of interest Brett will earn after 12 years.

We will use compound interest formula to solve our given problem.

A=P(1+\frac{r}{n})^{nT}, where,

A = Final amount after T years,

P = Principal amount,

r = Annual interest rate in decimal form,

n = Number of times interest is compounded per year,

T =Time in years.

Let us convert the given interest rate in decimal form.

2.4\%=\frac{2.4}{100}=0.024

Upon substituting our given values in above formula we will get,

A=\$3200(1+\frac{0.024}{4})^{4*15}

A=\$3200(1+0.006)^{60}

A=\$3200(1.006)^{60}

A=\$3200*1.43178841202

A=\$4581.722918467\approx \$4581.72

Now we will subtract $3200 from $4581.72 to find the amount of interest.

\text{The amount of interest}=\$4581.72-\$3200

\text{The amount of interest}=\$1381.72

Therefore, Brett will earn $1381.72 in interest after 15 years and option D is the correct choice.

You might be interested in
Marisol has 5 times as many books as jerry. Jerry has 15 books. How many more books does marisol have
ICE Princess25 [194]

Answer:

5 times more books

Step-by-step explanation:

In total Marisol has 75 books.  She has 5 times as many books and Jerry has 15.  5*15=75

6 0
2 years ago
Which is the approximate solution for the system of equations x + 5= 10 and 3x + y = 1?
zheka24 [161]

Answer: The approximate solution is (-0.36, 2.08).

Given system of equations : x+5y=10 and 3x+y=1

3 0
2 years ago
Read 2 more answers
BC =<br> Round your answer to the nearest hundredth.<br> ?<br> C<br> B<br> 50°<br> 7<br> А
umka21 [38]

Answer:

The answer is 8.34

U have to use the SOH CAH TOA method

In this case I used tan

so,

tan 50= BC/7

solve for BC= 7* tan 50= 8.34

6 0
2 years ago
HELPPPPPPPPPPPPPPPPPPPPPPPPPPPPP MMMMMMMMMMMMMMMMEEEEEEEEEEEEEEEE
Fudgin [204]
Y=2x+1 I think this is correct but I don’t know how to do equations very well
3 0
2 years ago
Plz help! Which expression is equivalent to... (see image)
Sliva [168]

Answer:

2 to the power of 3/7

hopefully it helps its a fractional indices question

6 0
2 years ago
Read 2 more answers
Other questions:
  • 235million in standard form
    10·2 answers
  • Identify the kind of sample that is described.
    10·1 answer
  • Michelle cut 1/4 yard of ribbon into 4 equal pieces what is the length of each equal piece
    11·1 answer
  • Enter the fraction in simplest form 4/26
    12·2 answers
  • What is the 8th term 28, 33 ,38, 48
    10·2 answers
  • Need help with math​
    10·1 answer
  • Mark the absolute maximum point of the graph
    11·1 answer
  • Which scenario matches the graph?
    6·1 answer
  • the piggybank had 25.65 in dimes and quarters if there were 20 more quarters than dimes, how many dimes were in the piggybank
    6·1 answer
  • Helppppppppppppppppp pleaseeeeeeeeeeee​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!