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
serious [3.7K]
3 years ago
6

Zack deposited $1,200 in a savings account that paid 7.75% simple

Mathematics
2 answers:
Eddi Din [679]3 years ago
6 0
<span>The correct answer is: Option (C) $1393.21

Explanation:
At the beginning of the Second year, the total balance would be:

$1200 + ($1200 * 7.75 / 100) = $1293

At the beginning of the Third year, the total balance would be:
$1293 + ($1293 * 7.75 / 100) = $1393.21 (Option C)</span>
Sergeeva-Olga [200]3 years ago
4 0

Answer:

$1386.      

Step-by-step explanation:

We have been given that Zack deposited $1,200 in a savings account that paid 7.75% simple interest. We are asked to find the balance in his account at the beginning of the  third year.

The balance in the account at the beginning of the  third year will be equal to balance in the account at the end of 2nd year.

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

A=P(1+rt), where,

A = Amount after t years,

P = Principal amount,

r = Annual interest rate in decimal form,

t = Time in years.

Upon converting our given interest rate in decimal form we will get,

7.75\%=\frac{7.75}{100}=0.0775

Upon substituting our given values in simple interest formula we will get,

A=\$1200(1+0.0775\cdot 2)

A=\$1200(1+0.155)

A=\$1200(1.155)    

A=\$1386

Therefore, an amount of $1386 will be in Jack's account at the beginning of third year.  

You might be interested in
The nth term of a sequence is 2N - six
dolphi86 [110]

Answer:

ok nice to know

Step-by-step explanation:

that wasnt even a ????

4 0
3 years ago
If a figure is a square then is it a regular quadrilateral true or false explain
miskamm [114]
I believe so. (TRUE). a square has all equal sides so if the figure is just alike, its a reg quad.
6 0
3 years ago
Simplify (4b+7)8b^2<br> Can someone help me please?
Fed [463]

Answer:

32b^{3} +56b^{2}

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Prove algebraically that 0.5 recurring = 5/9
weeeeeb [17]

Answer:

see explanation

Step-by-step explanation:

We require 2 equations with the recurring part after the decimal point.

Let x = 0.555..... → (1)

Multiply both sides by 10, then

10x = 5.555..... → (2)

Subtract (1) from (2) thus eliminating the recurring decimal

(10x - x) = (5.5555 - 0.5555 ), that is

9x = 5 ( divide both sides by 9 )

x = \frac{5}{9}

5 0
3 years ago
7r - 8r<br>how to combine like terms <br>​
Sedaia [141]
-r

Step by step:
7r+(-8)
7r+(-8r)
-r
6 0
3 years ago
Other questions:
  • Plz help...................
    15·1 answer
  • WELPPP !!!!!!!!!!!!!!!!
    14·1 answer
  • Find the equation of the line in standard form containing a point P(-3.3) and slope m= -4/3<br><br>​
    11·1 answer
  • Which phrase best defines a rhombus?
    11·1 answer
  • Kevin has a spinner that has 10 equal sections and 2 sections of each color—red, blue, green, yellow, and purple. Kevin spins th
    14·2 answers
  • 10. For the equation 3x – 4 = 8, which
    5·2 answers
  • If nick has x+2 more apples than sally and x=23 how much does nick have
    11·2 answers
  • Jeremy reads 3 books each week. How many books will Jeremy read in 5 weeks?
    6·2 answers
  • A chemist has a solution of 65% pure acid and another solution of 30% pure acid. How many gallons of each will make 350 gallons
    10·2 answers
  • The diagram shows a right-angled triangle.<br> a<br> 12 cm<br> 24 cm<br> Find the size of angle x.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!