Ask question

Ask question

All categories

2 years ago

7

Jocelyn invested $8,600 in an account paying an interest rate of 3.1% compounded quarterly. Assuming no deposits or withdrawals

are made, how much money, to the nearest hundred dollars, would be in the account after 15 years?

1 answer:

alexandr402 [8]2 years ago

8 0

A = P*(1 +r/n)^(n*t)
A = $8,600*(1 +.031/4)^(4*15)
A ≈ $13,700

About $13,700 will be in Jocelyn's account after 15 years.

You might be interested in

Help plz i really appreciate it

yuradex [85]

Answer:

Variant A

Step-by-step explanation:

1)y= - 3x+1

2)y+5= - 3(x-2)

y+5= - 3x+6

y= -3x+1

They are equal

6 0

2 years ago

PLEASE HELP ASAP 30 POINTS

Yuki888 [10]

Answer:

I don't know how to do please let me I will try solve the question

8 0

2 years ago

The relative growth rate for a certain type of mutual fund is 5.1% per year. An account is opened with a balance of $35,000. How

Mashutka [201]

36,785 dollars
_----____---

6 0

2 years ago

Read 2 more answers

12x - 5 = 8x - x + 50<br> Help please show work and check the solution

Inga [223]

Answer:

x = 11

Step-by-step explanation:

$12x - 5 = 8x - x + 50 \\ 12x - 5 = 7x + 50 \\ 12x - 5 - 7x = 7x + 50 - 7x \\ 12x - 7x - 5 = 50 \\ 5x - 5 = 50 \\ 5x - 5 + 5 = 50 + 5 \\ 5x = 55 \\ x = 11$

and check:

$12(11) - 5 = 8(11) - (11) + 50 \\ 132 - 5 = 77 + 50 \\ 127 = 127$

3 0

2 years ago

It is about solving equations by substitution. if you can help plzzz

Lyrx [107]

Message me, and i can help more:)

6 0

2 years ago