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
stellarik [79]
3 years ago
12

1. Two thousand dollars is invested at 5.5 percent interest compounded

Mathematics
1 answer:
Dafna11 [192]3 years ago
4 0

Two thousand dollars is invested at 5.5 percent interest compounded

quarterly for 2 years. Then the amount is $ 2230.88

<u>Solution:</u>

Given that Two thousand dollars is invested at 5.5 percent interest compounded  quarterly for 2 years

<em><u>The formula for amount using compounded quarterly is given as</u></em>:

\text { Amount }=P\left(1+\frac{R / 4}{100}\right)^{4 T}

Where, "p" is the principal sum

"R" is the rate of interest

"T" is the number of years

Here in this problem,

P = 2000 ; R = 5.5 ; T = 2 years

Plugging in values in formula we get,

\text {Amount}=2000\left(1+\frac{\frac{5.5}{4}}{100}\right)^{4 \times 2}

=2000\left(1+\frac{1.375}{100}\right)^{8}

On solving we get,

=2000(1+0.01375)^{8}=2000(1.11544)=2230.88

Hence the amount is $ 2230.88

You might be interested in
Where decimal go in 288
Andreyy89
Be more specific. The decimal can be anywhere give more detail
6 0
3 years ago
20 points. Help. No links. Ty :)
Andrej [43]

\huge\boxed{Answer\hookleftarrow}

334

\huge\boxed{Explanation\hookleftarrow}

10 × 4 × 7 = 280

3 × 3 × 6 = 54

280 + 54 = 334

\huge\boxed{Mark -Brainliest\hookleftarrow}

6 0
3 years ago
A rectangular prism is 7 inches long 10 inches wide and 6 inches tall a what is the length of its longest diagonal to the neares
ololo11 [35]

Answer:

c

Step-by-step explanation:

6 0
3 years ago
There are 3 feet in each yard. Complete the table to show the number of feet in 1, 2, 3, and 4 yards.
MariettaO [177]

Answer:

1 yard = 3 feet

2 yard = 6 feet

3 yard = 9 feet

4 yard = 12 feet

7 0
3 years ago
Read 2 more answers
In XYZ, mX=90 and mY=30.In TUV,mU= 30 and mV=60. Which is true about the two triangles? XYZ=TUV, XYZ= VUT,No congruency statemen
Flauer [41]

Answer:

No congruency statement can be made because the side length are unknown.

Step-by-step explanation:

The sum of the measures of all interior angles in a triangle is always 180°.

In triangle XYZ,

m\angle X=90^{\circ}\\ \\m\angle Y=30^{\circ},

then

m\angle X+m\angle Y+m\angle Z=180^{\circ}\Rightarrow m\angle Z=180^{\circ}-90^{\circ}-30^{\circ}=60^{\circ}

In triangle TUV,

m\angle U=30^{\circ}\\\\m\angle V=60^{\circ},

then

m\angle T+m\angle U+m\angle V=180^{\circ}\Rightarrow m\angle T=180^{\circ}-30^{\circ}-60^{\circ}=90^{\circ}

We have two triangles with congruent angles but we have no information about side lengths. Therefore, can not be made because the side length are unknown. Correct option is last option.

6 0
3 years ago
Read 2 more answers
Other questions:
  • What’s the square root of -100
    12·1 answer
  • (6x^3+18x^2)-3x^2<br><br>please help me!
    9·2 answers
  • Use a metric prefix to write 3,100 grams in kilograms
    14·1 answer
  • Omar buys five shirts for $22 each, three pairs of pants for $50 each, and six ties for $17 each. What is the mean amount that h
    14·2 answers
  • Need help for this question
    11·1 answer
  • What is the standard form of a line that has a slope of 3 and passes through the point (–4, –5)?
    7·1 answer
  • Please help it's due today. Also if you don't know please don't answer.​
    10·2 answers
  • N^2 + 4n = 32<br> solving quadratics by factoring ( the solution has brackets around it)
    6·1 answer
  • PLEASE HELP ANYONE HELP ?!!!!!!!!!!!!!!!)))):::::
    15·2 answers
  • What is the answer to 1+1?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!