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
kozerog [31]
3 years ago
15

how much money will you have in 10 years if you invest $12,000 at a 3.3% annual rate of interest compounded quarterly?

Mathematics
1 answer:
Andrej [43]3 years ago
4 0

Answer:

The amount is $16718.7 and the interest is $4718.7.

Step-by-step explanation:

STEP 1: To find amount we use formula:

A=P(1+rn)n⋅t

A = total amount

P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

In this example we have

P=$12000 , r=3.33% , n=4 and t=10 years

After plugging the given information we have

AAAA=12000(1+0.03334)4⋅10=12000⋅1.00832540=12000⋅1.393225=16718.7

STEP 2: To find interest we use formula A=P+I, since A=16718.7 and P = 12000 we have:

A16718.7II=P+I=12000+I=16718.7−12000=4718.7

You might be interested in
Brazill is beststst idiotttefwweffsfaffsgjhfgsadhgvfgdsfghds fsdfsdfsd trava zap trava zap
Lorico [155]

Answer:

Excuse me?

Step-by-step explanation:

Put your question DB and I'll gladly answer!

8 0
3 years ago
Simplify the expression.<br> 7- 5n + n + 5
kodGreya [7K]
-4n+12

Explanation-
Like terms
4 0
2 years ago
Ronald walks from home to Taco Bell to eat everyday. It takes him 30 minutes to walk the 2 mile distance. A) write a function fo
Alex777 [14]
A) We know that 

d=vt

where dy= \frac{1}{15}x= distance,
v = velocity,
t = time

In this case, d = 2 mi., t = 30 min. So we get

2=30v

Dividing both sides by 30, we get

v= \frac{2}{30}= \frac{1}{15}

Thus a function for his walk would be 

y= \frac{1}{15} x
where y = distance and x = number of minutes he walks.

b) Domain of a function is a set of x-values on which the function defined. In this case, the number of minutes is 30 at maximum. So the domain of the function is [0, 30].
5 0
3 years ago
55% of students voted for mya as class president. If 78
natka813 [3]

Answer:

ma guess is  the  bruh ion even know were to start your qston dont make sence rlly

Step-by-step explanation:itsaGthang

3 0
3 years ago
Tan x/sec^2 x + tan x/csc^2 x​
Arada [10]

I guess you're supposed to simplify?

\dfrac{\tan x}{\sec^2x}+\dfrac{\tan x}{\csc^2x}

=\tan x\left(\dfrac1{\sec^2x}+\dfrac1{\csc^2x}\right)

=\tan x(\cos^2x+\sin^2x)

=\tan x

5 0
3 years ago
Other questions:
  • A coin is flipped. if a heads is flipped, then the coin is flipped 4 more times and the number of heads flipped is noted; otherw
    13·1 answer
  • The field archie will cover measures 100 yards long by 60 yards wide. Write an equation of the relationship the number of square
    9·1 answer
  • The probability of drawing a heart from a standard deck of 52 playing cards is 1 4 . The probability of drawing a face card from
    5·2 answers
  • How do I get the area in this
    10·1 answer
  • Angie and Kenny play online video games. Angie buys 11 software packagepackage and 11 monthmonth of game play. Kenny buys 22 sof
    9·1 answer
  • 2x + 7 + (3 - y) = -4 + 6i
    8·1 answer
  • Ken paid $12 for two magazines. The cost of each magazine was multiple of $3. What are the possible prices of the magazines?
    5·2 answers
  • URGENT: What is (x²-7x+11)x²-11+30??
    11·2 answers
  • A bag contains 3 red marbles, 4 blue marbles and 7 green marbles. If two marbles are drawn out of the bag, what is the probabili
    9·1 answer
  • 1.7% as a fraction in simplest form
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!