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
lord [1]
4 years ago
9

A loan is borrowed for $1200 for 2 years at a compound interest of 6%. Interest is compounded annually. What is the compound amo

unt?
Mathematics
2 answers:
Georgia [21]4 years ago
8 0
The formula of compound interest is
A=p (1+r)^t
A future value?
P present value 1200
R interest rate 0.06
T time 2 years

A=1,200×(1+0.06)^(2)
A=1,348.32
Kruka [31]4 years ago
5 0

A = 1200(1 + 0.06)^2= 1348.32


You might be interested in
What's the square root of 25 ​
Vitek1552 [10]

Answer:

5

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
Every now and then even a good diamond cutter has a problem and the diamond breaks. For one cutter, the rate of breaks is .2%. S
Grace [21]

Answer:

calculate P(X=1) + P(X=2) +...+ P(X=12) using the binomial formula or an individual table in excel

calculate the P(X ≥ 12) using the binomial formula or a cumulative table in excel

Step-by-step explanation:

For a binomial distribution :

P(x =x) = nCx * p^x * (1 - p)^(n - x)

n = number of trials = 12 ; x = number of successes

p = probability of success = 0.2% = 0.002

1 - p = 1 - 0.002 = 0.998

Probability that atleast 1 is broken ;

p(1) + p(2) + p(3) +... + p(12) ;

This can be calculated by summing the values obtained using the binomial formula or in excel.

Alternatively, using the binomial formular or excel, the cumulative probability could be obtained as P(x ≥ 1)

5 0
3 years ago
Which of these expressions is equivalent to -2(x-5)
bekas [8.4K]

Answer:-2x+10

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Which expression is equivalent to 4(6 -2x)
Over [174]
The correct answer is A: 24-8x. To solve this all you need to do it distribute the 4 to the 6 and -2x. Once you do that you get your answer of 24-8x. Hope this helped!
5 0
3 years ago
Read 2 more answers
Diane is on her way home in her car. She has driven 12 miles so far, which is three-fourths of the way home. What is the total l
andrew-mc [135]

16miles left

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • A ratio is the comparison of two quantities by what operation? A. addition B. division C. squaring D. subtraction
    10·1 answer
  • Help asap!!!!<br> Divide x3/4 by X1/6
    11·1 answer
  • 24x4y 3x-4y-1 Which of the following is the simplest form of the expression above? 8 8x-16y-1 8x-1y-1 8x8y2
    9·2 answers
  • 8 If f(x) = x3, which of the following describes the graph of f(x + 2)? A. The graph of f(x + 2) is a horizontal shift of f(x) =
    8·1 answer
  • I will MARK CROWN JUST NEED HELP
    14·2 answers
  • Can someone please check out those questions?
    15·2 answers
  • When x=-2 and y=-1,-x^2-5xy+5y^3 is
    6·1 answer
  • A study of lobster trap placement used a 90​% confidence interval to estimate the mean trap spacing​ (in meters) for the populat
    13·1 answer
  • What is another way to look at the circumference of a circle?
    6·1 answer
  • In the cafeteria, a principal asked students what fraction of their plates contained vegetables. The line plot displays the stud
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!