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k0ka [10]
3 years ago
6

Nicole deposited $4400 in a savings account earning 6% compounded monthly. If she makes no other deposits or withdrawals, how mu

ch will she have in her account in two years? Group of answer choices $4959.50 $4928.00 $9342.76 $9328.00
Mathematics
2 answers:
Morgarella [4.7K]3 years ago
4 0

Answer: $4959.50

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

P = 4400

r = 6% = 6/100 = 0.06

n = 12 because it was compounded 12 times in a year.

t = 2 years

Therefore,.

A = 4400(1+0.06/12)^2 × 12

A = 4400(1+0.005)^24

A = 4400(1.005)^24

A = $4959.5

Zigmanuir [339]3 years ago
3 0

Answer: $4959.50

Step-by-step explanation:

Just took the quiz got 100%

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Answer:

 IS a parallelogram

Step-by-step explanation:

The slope formula for the slope of the line between points (x1, y1) and (x2, y2) is ...

  m = (y2 -y1)/(x2 -x1)

The distance formula for the length of that same line is ...

  d = √((x2 -x1)^2 +(y2 -y1)^2)

Here, you're asked to use each of these formulas 4 times, once for each side of the quadrilateral. I find it convenient to let a calculator or spreadsheet do the repetitive calculations. The result is attached.

The attachment shows that opposites sides have the same length and slope, so are parallel. The quadrilateral is a parallelogram. (The two points used in each calculation are the ones on the result line and the line immediately below. That is why point B is copied to the end of the list.)

_____

<em>Additional comments</em>

There are much simpler ways to prove the figure is a parallelogram. My favorite is to add the coordinates of the end points of the diagonals:

  B +D = (-2+6, -9-3) = (4, -12)

  C +E = (0+4, -5-7) = (4, -12)

These values being the same demonstrates the midpoints of the diagonals are coincident. That will only be the case if the quadrilateral is a parallelogram.

__

If you must use slope and distance formulas, showing either pair of opposite sides is parallel and have the same length is sufficient to guarantee that the other two sides are also parallel and have the same length. That is, the calculations required in this problem only need to be applied to one pair of opposite sides. (Using a spreadsheet, it's not a lot of extra work to do the calculations for both pairs of opposite sides.)

7 0
3 years ago
Jamie owns 150 baseball cards. Mason owns 96 baseball cards. What the number of Mason's cards written as a percent of Jamie's ca
Marina CMI [18]

Answer:

64%

95/150 Or 64%

7 0
3 years ago
Read 2 more answers
Create a set of coordinates to model a relation that is linear function.
weqwewe [10]

Answer:

Step-by-step explanation:

The following points (coordinates) lie on a straight line with slope 3:

(1, 0), (2, 3), (3, 6), (4, 9) ... and so on

So the linear function is y = 3x + b, where b is the y-intercept.

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3 years ago
The following data are the distances between 20 retail stores and a large distribution center. The distances are in miles.
Free_Kalibri [48]

Answer:

1191.4 ; 34.5

Step-by-step explanation:

Given the data:

29; 37; 38; 40; 58; 67; 68; 69; 76; 86; 87; 95; 96; 96; 99; 106; 112; 127; 145; 150

The sample variance and standard deviation can be obtained thus :

Σ(X - m)² / (n - 1)

Where, m = mean of the sample

n = sample size

The standard deviation equals, sqrt(variance )

Using a calculator:

The variance, σ² ;

Mean = Σx / n = 1681 / 20 = 84.05

(x -m)^2

[(29-84.05)^2 + (37-84.05)^2 + (38-84.05)^2 + (40-84.05)^2 + (58-84.05)^2 + (67-84.05)^2 + (68-84.05)^2 + (69-84.05)^2 + (76-84.05)^2 + (86-84.05)^2 + (87-84.05)^2 + (95-84.05)^2 + (96-84.05)^2 + (96-84.05)^2 + (99-84.05)^2 + (106-84.05)^2 + (112-84.05)^2 + (127-84.05)^2 + (145-84.05)^2 + (150-84.05)^2] / 19

22636.95 / 19

= 1191.4184 = 1191.42

Standard deviation = sqrt( Variance)

Standard deviation = sqrt(1191.4184)

Standard deviation = 34.516929 = 34.52

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