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
Daniel [21]
3 years ago
8

$3,000 after 5 years at an interest rate of 3.0 % is the nearest cent.

Mathematics
2 answers:
vladimir2022 [97]3 years ago
6 0
<span>$ 3,450.00

</span>Equation:
A = P(1 + rt)
blagie [28]3 years ago
4 0
You didn't say whether the 3% interest is simple interest, or compound interest, or how often it's compounded.  Each type of interest leads to a different answer.

-- If it's 3.0% simple interest, then your money earns

                                     (3.0 x 5) = 15%
 
in 5 years.  At the end of the 5 years, your investment would be worth

                             (1.15 x 3000) = $3450.

-- If the 3.0% is compounded annually, then in 5 years your money earns

                           (1.03)⁵ = 1 + 15.93%

and the original investment is worth  (3000 x 1.1593) = $3,477.82 .
You might be interested in
What is 1 4/5 + 1 1/5??
Rudik [331]
1\dfrac{4}{5}+1\dfrac{1}{5}=(1+1)+\left(\dfrac{4}{5}+\dfrac{1}{5}\right)=2+\dfrac{1+4}{5}=2+\dfrac{5}{5}=2+1=3
8 0
3 years ago
Two boats leave a port at the same​ time, one going north and the other traveling south. The northbound boat travels 18 mph fast
shutvik [7]

Answer:

10 hours

Step-by-step explanation:

Two boats leave a port at the same​ time, one going north and the other traveling south.

<u>Southbound boat rate</u> = 40 mph

The northbound boat travels 18 mph faster than the southbound boat.

<u>Northbound boat rate</u> = 40 + 18 = 58 mph

Two boats rate = 40 + 58 = 98 mph (this means they are apart 98 km after one hour)

Total distance = 980 miles

Total rate = 98 mph

Time =980:98=10 hours

3 0
3 years ago
When two people each measured a windows width, their results were 79 cm and 786 mm. Are these results equally precise? Explain.
rosijanka [135]

The second result is more precise because it's in millilitre,so if the first were to be fully precise,it should have been 78.6 cm.

Hope this helps!

4 0
3 years ago
Need help!
siniylev [52]

<u>Correct </u><u>Inputs </u><u>:-</u>

In ΔABC right angled at A, D and E are points on BC, C such that BD = CD and AD ⊥ BC

\underline{\underline{\large\bf{Solution:-}}}\\

\longrightarrow Let us know about definition of altitude first. The altitude of a triangle is the perpendicular line segment drawn from the vertex to the opposite side of the triangle.

\leadstoMedian is the line segment from a vertex to the midpoint of the opposite side.

<u>Let us Check all options one by one </u>

  • CD is line segment which starts from vertex C but don't falls on opposite side AB thus it is not an altitude.❌

  • BA is line segment which starts from vertex B and falls perpendicularly on opposite sides AC and is thus an altitude.✔️

  • AD is line segment which starts from vertex A and falls perpendicularly on opposite side BC and is thus an altitude.✔️

  • AE is a line segment which starts from vertex A but doesn't falls perpendicularly on opposite side BC and is thus not an altitude.❌

  • AD falls on BC with D as mid point because BD = CD and is thus a median. ✔️
8 0
2 years ago
If I have a circle with a raduis of 2 and I want to increase the raduis to 16, what is the scale factor?
Nana76 [90]

Answer:

8

Step-by-step explanation:

2 * 8 = 16

5 0
3 years ago
Other questions:
  • How do you write x is great than 9?
    11·2 answers
  • A manufacturing company is expected to pay a dividend of br. 1.25 per share at the end of the year (D1=br.1.25). The stock sells
    7·1 answer
  • Lines AB and CD are parallel. If ∠3 measures (3x + 20)°, and ∠4 measures 70°, which equation could be used to solve for x
    6·1 answer
  • Ella has 50 stacks of ten pennies in each stack. Describe how to find how many pennies Ella has in all
    5·2 answers
  • Simplify 2 · 32 + (3 · 2)2.
    13·2 answers
  • The height of a square prism is 3n + 1. The volume of the prism is 3n³ + 13n² + 16n + 4. What is the area of the square base of
    7·1 answer
  • Which function will not have an
    15·1 answer
  • What is the total amount owed when $2,500 is borrowed for one year at 6% simple interest?
    14·1 answer
  • A rectangle has a length of (5x+2) and a width of (3x-1) with an area of 308 square units. Find the perimeter
    5·1 answer
  • Lashonda made $95 for 5 hours of work.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!