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
8090 [49]
3 years ago
5

Jason’s savings account has a balance of $2179. After 5 years , what will the amount of interest be at 6% compounded quarterly?

Mathematics
1 answer:
satela [25.4K]3 years ago
5 0

Answer:

$755.80

Step-by-step explanation:

Determine the compound amount first and then subtract the principal from it, to find the amount of interest.

The compound amount formula is A = P (1 + r/n)^(nt), where

P is the initial principal, r is the interest rate as a decimal fraction, n is the number of compounding periods per year, and t is the number of years.  Here, P = $2179; t = 5 yrs; r = 0.06; and n = 4 (quarterly compounding).

We get:

A = $2179(1 + 0.06/4)^(4*5), or $2179(1.015)^20, or $2179(1.347) = $2937.80.

The compound amount is $2934.80.  Subtracting the $2179 principal results in the interest earned:  $755.80.

You might be interested in
Please help me with steps.
laiz [17]

Answer:

I think its would be d

Step-by-step explanation:

the distributive property

8 0
3 years ago
Read 2 more answers
Recent studies indicate that the average surface temperature of the
andreev551 [17]

Answer:

Slope : The rate of increase of temperature on the earth's surface is 0.02°C per year since 1900.

T-intercept : 8.5 represents the temperature in °C of the earth's surface in the year 1900.

Step-by-step explanation:

The average surface temperature of Earth rising steadily. Scientists have modeled the temperature by the equation, T = 0.02t + 8.50 where t represents years since 1900 and T is the temperature in ◦C.

Now, the slope of the model equation is 0.02 which means the rate of increase of temperature on the earth's surface is 0.02°C per year since 1900.

Again, the T-intercept i.e. 8.5 represents the temperature in °C of the earth's surface in the year 1900. (Answer)

7 0
3 years ago
Jason has two bags with 6 tiles each what are the chances that he draws a 2 and a 3 with 1 through 6 tiles
liubo4ka [24]
He has a 1/6 chance.
if there are two of 1-6 tiles each in separate bags, he has a chance (total) of 2/12 of getting a 2 and a . simplify the 2/12 to 1/6 and that is your answer.
(i hope D:)
3 0
3 years ago
Use the table to answer the question.
Over [174]

Answer:

in the survey, 16 out of 80 students who where asked favored chicken nuggets.

so we need to calculate like this:

530 * 16/80

=530 * 1/5

=530/5

=106

hope this helps your understanding, wish you good grades

3 0
3 years ago
ASAPPP HELP<br> PLEASE!!!!!!
Nostrana [21]

Answer:

-36/7

Step-by-step explanation:

-4/7 x 9

-4 x 9/ 7

That’s how I got -36/7

7 0
2 years ago
Other questions:
  • Banks use negative balances to represent when the customer owes the bank money and positive balances to represent when the bank
    7·2 answers
  • The mean age and median age of 6 people in a room is 40 years. a person whose age is 60 years leaves the room. question 1. if po
    13·1 answer
  • 15 POINTS!!! How do the rules for adding and subtracting signed decimals compare with the rules for adding and subtracting integ
    13·1 answer
  • What is the mad of 5,7.50,8.25,8,9.75,10.25,11,10.75<br><br> A 13<br> B 8.81<br> C 6<br> D 1.63
    7·2 answers
  • A 50-ft x 300-ft parking lot is divided into sections for a craft fair by bisecting the width and the length. Each half is again
    14·1 answer
  • The total cost f(x), in dollars, for renting a beach house for x days is shown: f(x) = 5 + 350x What does f(5) represent? The nu
    8·2 answers
  • What is 1/4b+2/5b-5=-3 as an improper fraction?
    5·1 answer
  • What is the name of this polygon? rectangle square trapezoid rhombus A quadrilateral. Each side has one tick mark.
    7·2 answers
  • Select the statement that is true. (2 points)
    6·2 answers
  • A point on the ground is 5m away from the foot of the vertical wall 7m high, calculate correct to the nearest degree angle of de
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!