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
Artyom0805 [142]
3 years ago
8

A customer deposits $500 in an account that pays 4% annual interest. what is the balance after 3 years if the interest is compou

nded annually? compound interest formula: mc017-1.jpg t = years since initial deposit n = number of times compounded per year r = annual interest rate (as a decimal)
Mathematics
2 answers:
docker41 [41]3 years ago
4 0
Going to add on to your variables for the sake of the formula.

Let A = the amount after T years. 
P = Principal amount

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

A = 500(1 +  \frac{0.04}{1})^{1(3)}

A = 500(1 +  \frac{0.04}{1})^{3}

A = 562.432 or ≈ $562.43

The customer would have $562.43 at the end of 3 years. 
Studentka2010 [4]3 years ago
3 0

Answer:

The balance after 3 years if the interest is compounded annually is $562.432.

Step-by-step explanation:

Given : A customer deposits $500 in an account that pays 4% annual interest.

To find : What is the balance after 3 years if the interest is compounded annually?

Solution :

The compound interest formula,

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

Where, A is the amount

P is the principal P=$500

r is the interest rate r=4%=0.04

t is the time t=3 years

n is number of times compounded per year n=1

Substitute the value in the formula,

A = 500(1 +\frac{0.04}{1})^{1(3)}  

A = 500(1+0.04)^{3}  

 A = 500(1.04)^{3}  

 A =562.432  

  A =562.432  

Therefore, the balance after 3 years if the interest is compounded annually is $562.432.

You might be interested in
HELLllllllPPppppp !!!
Tasya [4]

9514 1404 393

Answer:

 BC ≈ 17.0 (neither Crow nor Toad is correct)

Step-by-step explanation:

The left-side ratio of (2+4)/4 = 3/2 suggests BC is 3/2 times the length DE. If that were the case, BC = (3/2)(11) = 16.5, as Crow says.

The right-side ratio of (5+9)/9 = 14/9 suggests that BC 9 is 14/9 times the length DE. If that were the case, BC = (14/9)(11) = 154/9 = 17 1/9 ≈ 17.1, as Toad says.

The different ratios of the two sides (3/2 vs 14/9) tell you that the triangles are NOT similar, so the length of BC cannot be found by referring to the ratios of the given sides.

Rather, the Law of Cosines must be invoked, first to find angle A (109.471°), then to use that angle to compute the length of BC given the side lengths AB and AC. That computation gives BC ≈ 16.971. (See the second attachment.)

5 0
3 years ago
What number must be added to complete the square? X^2-20x=17
Ilya [14]
-117 must be added to complete the square.
4 0
3 years ago
5x + 6y = 18 and 18x -15y =36
stira [4]
5x+6y=18

5x=18-6y

x=(18-6y)/5

Use that in the other equation
18(18-6y)/5 - 15y = 36

64.8-21.6y - 15y = 36

28.8=36.6y
.7868=y

Now put that number in for y on the first equation

5x+6(.78) = 18
5x + 4.68 = 18
5x = 13.32
x = 2.66
and y = .78


4 0
3 years ago
Read 2 more answers
Evaluate S5 for 600 + 300 + 150 + … What's the answer?
myrzilka [38]
The answer is C.)

S1 = 600 (divide by 2)
S2 = 300 (divide by 2)
S3 = 150 (divide by 2)
S4 = 75 (divide by 2)
S5 = 37.5
7 0
3 years ago
During the 2005-2006 term. 184 decisions were announced. This is a 44.6% decrease
Artyom0805 [142]

Answer:

332.

Step-by-step explanation:

Let the number of decisions made in 1982-1983 be x.

44.6% = 0.446.

This is a decrease,  so the number of decisions announced in 2005-2006 is

(1 - 0.446) * x and this =  184.

0.554x = 184

x = 184/0.554

x = 332.

8 0
3 years ago
Other questions:
  • Help from 1-3 plz!!!
    13·1 answer
  • W + x - z when w = 5, x = 1, z = 2
    9·1 answer
  • Evaluate the expression when<br> c=5/8<br> x= -3/16<br> 4x-c<br> Write your answer in simplest form.
    14·1 answer
  • Only answer if known and please show work
    10·1 answer
  • 4. Darcy installed a motion-activated outdoor light so that it would light a path to
    14·1 answer
  • a local coffee shop sold out 1/3 of their coffee on monday. on tuesday they sold 5/6 of what rhey sold on monday. How many coffe
    8·1 answer
  • Solve this<br><br> 2(4x -3) + 2 = 8
    10·1 answer
  • Which equation is equivalent to 12x + 15 = 36?
    10·2 answers
  • Suppose that 21 inches of wire costs 63 cents.
    8·1 answer
  • Could some give the answers AND a good explanation
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!