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Ksivusya [100]
3 years ago
7

after 6 years what is the total anount of a compound intrest investment of $35,000 at 4% intrest compound quarterly

Mathematics
1 answer:
tangare [24]3 years ago
3 0
The pertinent formula is    A = P (1 + r/n )^(nt), where
P is the original amount of money (Principal),
A is the compound amount,
r is the annual interest rate, expressed as a decimal fraction, 
n is the # of compounding periods per year, and 
t is the # of years.

Here,   A = $35000 ( 1 + 0.04/4)^(4*6)
                = $35000 (1.01)^24
                = $35000 (1.2697) =    $44440.71
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This is combine like Terms <br> 2(3x + 7x) + 20
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Answer:

10(x + 2) here you go! hope this helps

3 0
3 years ago
Including a 5 percent sales tax, a hotel charges $147 per night. What’s the cost without the tax
Arisa [49]
For one night WITH SALES TAX, it would be $154.35, but without sales tax, it would just be $147.. unless you add tip, you would just multipy the original by the percent of the tip then add that answer to the original price.

Solving Steps:

WITH SALES TAX :
$147 x 5% = 7.35 or $147 x .05 = 7.35
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5 0
3 years ago
Tell which measure is greater one inch or one centimeter
Radda [10]
One inch. There are 2.54 cm in an inch.
8 0
3 years ago
Read 2 more answers
The Orchard Cafe has found that about 3% of the diners who make reservations don't show up. If 83 reservations have been made, h
daser333 [38]

Answer:

\mu = 80.51\\\sigma = 1.56

Step-by-step explanation:

We are given the following information in the question:

Percentage of of the diners who make reservations don't show up = 3%

Number of reservations = 83

Thus, we are given a binomial distribution with n = 83 and p = 0.97

X\sim \text{ Binom}(p = 0.97, n = 83)

\mu = np = (83)(0.97) = 80.51

Around 81 people  can be expected to show up.

\sigma = \sqrt{np(1-p)} = \sqrt{(83)(0.97)(1-0.97)} = 1.5541 \approx 1.56

The standard deviation of this distribution is 1.56

6 0
3 years ago
How much interest would $2,000 earn, with simple interest, in two years at the<br>rate of 4.2%?​
Anna [14]

Answer:

$168

Step-by-step explanation:

The formula we'll use for this is the simple interest formula, or:

I=Prt

Where:

P is the principal amount, $2000.00.

r is the interest rate, 4.2% per year, or in decimal form, 4.2/100=0.042.

t is the time involved, 2....year(s) time periods.

So, t is 2....year time periods.

To find the simple interest, we multiply 2000 × 0.042 × 2 to get that:

The interest is: $168.00

8 0
3 years ago
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