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
How to work out 6=a\4+2
Travka [436]
\frac{a}{4}+2=6\ \ \ \ \ |subtract\ 2\ from\ both\ sides\\\\\frac{a}{4}=4\ \ \ \ \ \ |multiply\ both\ sides\ by\ 4\\\\\boxed{a=16}

3 0
3 years ago
Read 2 more answers
Need help nowwww!!! With 1 threw 8
JulijaS [17]

1. B

2. B

3.C

4.B

5.B

6.A

6 0
2 years ago
How to find slope intercept form with the equation <br> y = 2
Masteriza [31]

Answer:

slope=0, y-intercept=2

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
Weight (g)
navik [9.2K]

Answer:  a) add n+1 to the previous term

               b) add the previous two terms

               d) subtract n+1 from the previous term

               e) multiply the previous term by 3

               f) subtract 2 from previous term then add 5 to the next term

<u>Step-by-step explanation:</u>

a) 1, 3, 6, 10

    ∨  ∨  ∨

  +2 +3 +4           The next term is 10 +5 = 15

b) 1, 2, 3, 5

    ∨  ∨  ∨

  =3 =5 =8        The next term is 5 + 8 = 13

d)  8, 7, 5, 2

      ∨  ∨  ∨

     -1  -2  -3             zThe next term is 2 - 4 = -2

e) 1, 3, 9, 27

     ∨  ∨  ∨

    ×3 ×3 ×3         The next term is 27 × 3 = 81

f) 49, 47, 52, 50, 55

      ∨    ∨    ∨    ∨

     -2   +5   -2   +5      The next term is 55 - 2 = 53

                                    The following term is 53 + 5 = 58

5 0
3 years ago
PLEASE PLEASE HELP ME
mina [271]
The answer is <EKF and <HKI
3 0
3 years ago
Other questions:
  • 4 glue sticks cost $7.76.
    10·2 answers
  • A meteor crater is 4200 feet in diameter. Approximate the distance around
    10·1 answer
  • Identify equal rational numbers in this list: <br><br> (The fractions)
    11·1 answer
  • How much does 757 go into 68
    14·1 answer
  • List the following numbers in descending order.<br><br> 13.5%, 1315, 13.09, 13
    9·2 answers
  • What is a equation has a solution of 7
    15·2 answers
  • John D. Rockefeller died in 1937. At the time of his death, Rockefeller had accumulated $1400 million, which was equal to one si
    10·1 answer
  • If f2 + square root of 3 is a polynomial root, name another root of the polynomial, and explain how you
    5·1 answer
  • Suppose you obtain a $4,000 T-note with a 4% annual rate, paid half-yearly, with maturity in 5 years. How much (simple) interest
    5·1 answer
  • If two samples are selected from the same population, under what circumstances will the two samples have exactly the same t stat
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!