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
Luden [163]
3 years ago
12

Nina opened a savings account and deposited $300.00. The account earns 4% interest, compounded monthly. If she wants to use the

money to buy a new bicycle in 3 years, how much will she be able to spend on the bike?
Mathematics
2 answers:
Alexeev081 [22]3 years ago
6 0
Turn 4% into a decimal by dividing it by 100
4/100=0.04
0.04times300=$12 in interest
12months times 3yrs=36 months
36times$12=$432

nina will be able to spend $432 on the bike
mylen [45]3 years ago
5 0

Answer:

up to $338.18

Step-by-step explanation:

Use the compound amount formula:

A = P(1 + r/n)^(n*t), where r is the interest rate as a decimal fraction and n is the number of compounding periods per year.

Here, A = $300(1 + 0.04/12)^(12*3), or

          A = $300(1.0033333)^*36, or

          A = $300(1.127) = $338.18

Nina will be able to spend up to $338.18 on a new bike.

You might be interested in
Evaluate: 71 − b, if b is 27.
LUCKY_DIMON [66]
Evaluate: 71-b, if b is 27 the answer is 44
7 0
2 years ago
Read 2 more answers
Please answer this correctly
Elan Coil [88]

Answer:

t=13

Step-by-step explanation:

the ratio of the shorter sides is t/4 and the ratio of the longer sides is 26/8 so t=26×4/8=104/8=13

8 0
3 years ago
Read 2 more answers
Jason begins at the start of a path Andy rides his bike 11 1/2 miles on the path. The path is 12 1/4 miles long. What is the dis
Damm [24]
3/4 of a mile until he reaches the end of the path.

Hope this helps.
3 0
3 years ago
What is 23 3/8 as a decimal
Oksanka [162]
Im not smart im not that sure of my answer but 23.3
6 0
3 years ago
Read 2 more answers
Please help me answer these questions!
sattari [20]
The answer for 15 is 5/6
7 0
3 years ago
Read 2 more answers
Other questions:
  • Click an item in the list or group of pictures at the bottom of the problem and, holding the button down, drag it into the corre
    15·2 answers
  • 9 less than seven times some number is -6
    11·2 answers
  • ---Kara is sending a gift to her grandmother. The gift was wrapped in a cube-shaped box with side lengths of 6 in. she wants to
    12·2 answers
  • The average age of the starting lineup of an nba basketball team is 29 years. the ages of four of the five players are 25, 26, 2
    10·1 answer
  • Find the area of a triangle with a base length of 6 units and a height of 7 units. (1 point) 10 units 13 units 14 units 21 units
    11·2 answers
  • Help me with this please.
    5·1 answer
  • Find the area of the parallelogram
    9·2 answers
  • I neeed helppppppppppp
    11·2 answers
  • Need help with my homework ​
    8·1 answer
  • If XY​,=30 XZ=24​, and JQ​=8, find the radius of the circumscribed circle of XYZ Please Help Brainliest if correct! Thanks!
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!