Ask question

Ask question

All categories

3 years ago

9

5. You deposit $10,000 in an account that pays 6.92% annual interest. Find the balance after 5 years if the interest is compound

ed with the given frequency.
a. Monthly

b. Daily
c. Quarterly
d. Weekly

1 answer:

RoseWind [281]3 years ago

7 0

C . Quarterly !

Since you paid off more than half of the annual interest

You might be interested in

What is the reading on each of the scales??

kipiarov [429]

First number is length on map and second is the length in reality. Both are in kilometers.

5 0

3 years ago

Which of the following is the balance for a single $3,200 deposit in an account with an APR of 2.6% that compounds interest quar

Flauer [41]

Answer:

$FV= 3200(1+\frac{0.026}{3})^{3(6)}=3200 (1.008667)^{54}= 50994.590$

Step-by-step explanation:

For this case we can use the formula for the future value with compound interest given by:

$FV= P (1+\frac{r}{n})^{nt}$ (1)

For this case since the interest is compounded quarterly we have 3 periods each year, since we have 3 quarters in a year.

r represent the rate =0.026

t = 6 represent the number of years

P = 3200 represent the amount invested at the begin

If we apply the formula (1) we got:

$FV= 3200(1+\frac{0.026}{3})^{3(6)}=3200 (1.008667)^{54}= 50994.590$

So then the balance after 6 years would be approximately 50995 with the conditions provided.

7 0

3 years ago

PLEASE HELP!! 100 POINTS!! BRAINLIEST!! What is the GCF of the terms in the numerator and denominator? Rewrite the expression by

saul85 [17]

Answer:

2(2x-1)/x(x-4)

Step-by-step explanation:

4x^2-14x+6/x^3-7x^2+12x

2(2x^2-7x+3)/x(x^2-7x+12)

2(2x^2-6x-x+3)/x(x^2-4x-3x+12)

2(x-3)(2x-1)/x(x-4)(x-3)

6 0

3 years ago

A square garden with side length of 50 has a square shaped fountain display with length of 12 feet at the exact center of garden

nadezda [96]

Answer:

The area of the garden is $2356\ ft^2$

Step-by-step explanation:

<u>Area of a Square</u>

Given a square of a side length of x, the area is calculated as:

$A = x^2$

There is a square garden area of a side length of x=50 feet. The area is:

$A_1=50^2=2500\ ft^2$

Inside of it, there is another square area for a fountain display of a side length of 12 feet. The area is:

$A_2=12^2=144\ ft^2$

The area of the garden is the difference between A2 and A1:

$A_g=A_2-A_1=2500\ ft^2-144\ ft^2$

$A_g=2356\ ft^2$

6 0

3 years ago

Three numbers have absolute values of 2,4 and 9. The product of all the numbers is positive.

Margaret [11]

The absolute value of a number is how far away it is from 0 on a number line.
Example) 2 is two numbers away from 0, but neg. 2 (-2) is also two numbers away from 0

So basically. A positive number has the absolute value of itself. (2= a value of 2) and negative numbers have the absolute value of the positive form of that number. (-9= a value of 9)

Numbers that have the absolute value of 2: 2 and -2
Numbers that have the absolute value of 4: 4 and -4
Numbers that have the absolute value of 9: 9 and -9

You are looking to add your numbers together to make a positive.

So the answer is the positive answers to the absolute values: 2,4,9

2+4+9=15

15 is a positive number.

8 0

3 years ago