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
nlexa [21]
3 years ago
9

Pedro deposited $7,350 into a savings account 21 years ago. The account has an interest rate of 4.5% and the balance is currentl

y $18,810.67. How often does the interest compound?
Mathematics
1 answer:
Licemer1 [7]3 years ago
5 0
The interest is compounded quarterly because the formula is
A=p (1+r/k)^kt
A it's 18810.67 but I will assume it's unknown ?
P present value 7350
R interest rate 0.045
K compounded quarterly 4
Now solve the formula as the interest is compoundedquarterly
A=7,350×(1+0.045÷4)^(4×21)
A=18,810.67

So the answer is quarterly
You might be interested in
The dot plot below represents a set of
mel-nik [20]
1, 3, 3, 4, 5, 6, each x is one of each number below
3 0
3 years ago
The sum of two number is 14 and their difference is 10 then what will be their multiplication
Tomtit [17]

12+2=14

12-2=10

12 x 2= 24

3 0
3 years ago
47 was divided by the power of ten to get 0.047 what power of ten was divided
Dmitrij [34]

Answer:

1,000

Step-by-step explanation:

47 to 0.047 moves 3 places

47, 4.7, 0.47, 0.047

this means that the power of then used should have 3 0's

making the power of ten 1,000

3 0
3 years ago
2. 5²- 4 +3 • (9 • 2) /2=
stepladder [879]

2) 48

3) 72

4) 48

5) 105

6) 47

7) 37

8) 400

9) 17

10) 13

I hope this helps! Let me know if I get anything wrong so I can fix it.

5 0
3 years ago
You pick your car roll a die and find the song how many different sounds are possible
-Dominant- [34]
How is this a math question
3 0
3 years ago
Other questions:
  • How much taller would the billboard have to be if you enlarge the entire image using just the width scale
    14·1 answer
  • What is k divided by 11 is 7? ​
    15·2 answers
  • Can somebody help me I don’t know which one is the answer!!!
    6·1 answer
  • please help! A student claims that a figure has rotational symmetry and that the angle of rotational symmetry is 360 degrees. Cr
    11·1 answer
  • What’s this answer ????????
    10·2 answers
  • Five more than twice als shoe size is 29 what is als shoe size
    13·2 answers
  • John runs a computer software store. Yesterday he counted 121 people who walked by the store, 66 of whom came into the store. Of
    7·1 answer
  • How many times does four go into 153 ? What Is the remainder ?
    11·2 answers
  • Simplify: -2(a-3b)-4a+7b
    9·1 answer
  • Hypotenuse: The ________ side of a right triangle; side ________ from the right angle.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!