John deposited $2860 in a bank that pays 9% interest, compounded monthly. find the amount he will have at the end of 3 years ?

Mathematics

2 answers:

Serga [27]3 years ago

5 0

Answer: 3742.73

Step-by-step explanation:

7nadin3 [17]3 years ago

4 0

To find that you first need to find what 9% is. You can multiply the number, 2,860 by .09 to find out your answer. That should be equal to 257.40. Since you now have that number, you can multiply it by 36. 257.40 is your average per month and you want to know by 3 years. So then your next step is 257.4*36 (there is 36 months in 3 years) which should be equal to 9,266.40.

You might be interested in

Team A and Team B are competing against each other in a game of tug-of-war. Team A, consisting of 3 males and 3 females, decides

saul85 [17]

Answer: Team A will choose one of 36 possible lineups.

Step-by-step explanation: Given that Team A and Team B are playing the game of tug-of-war.

Team A has 3 males and 3 females that decides to line up male, female, male, female, male, female.

We are to find the number of possible lineups that Team A can make.

According to the given information,

number of options for the first position = 3,

number of options for the second position = 3,

number of options for the third position = 2,

number of options for the fourth position = 2,

number of options for the fifth position = 1

and

number of options for the sixth position = 1.

Therefore, the number of possible lineups by Team A is

$n=3\times3\times2\times2\times1\times1=36.$

Thus, Team A will choose one of 36 possible lineups.

4 0

3 years ago

Find the derivative from the first principle y=×3

icang [17]

The derivative of x^3 is 3x^2.... is that what you were looking for?

5 0

3 years ago

Judy is pulling on a trunk with a 12-N force. Ike pulls at right angles to Judy. With how much force must Ike pull to make the r

Ratling [72]

To understand the problem, let's first draw a free body diagram of the forces exerted by Judy and Ike on the truck. (Refer to the left side of the attachment).

To solve for the resultant, we just use the tip-to-tail method. This is illustrated on the right side of the attachment.

We can see that the tip-to-tail method forms a right triangle thus we can just apply the Pythagorean theorem in solving for Ike's force.

$20^{2} = 12^{2} + F^{2}$
$400 = 144 + F^{2}$
$256 = F^{2}$
$F = 16.0$

ANSWER: Ike must pull the truck with a force of 16.0 N.