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
Natalka [10]
3 years ago
15

With a starting amount of $975, interest rate of 5.5% after 3 years?

Mathematics
1 answer:
astraxan [27]3 years ago
7 0

Answer: $1,135.88

Step-by-step explanation: For this problem we will use the "Simple Interest" equation to find I, interest the money makes. First convert 5.5% to a decimal. 5.5 divided by 100 = 0.055

I = 975 x 0.055 x 3

I, interest = about 160.88

Now, just simply add 160.88 to 975.

$975 + $160.88 = $1,135.88

You might be interested in
Two urns contain white balls and yellow balls. The first urn contains 2 white balls and 7 yellow balls and the second urn contai
Romashka [77]

-- The first urn has 9 balls in it all together, and 2 of them are white.
If you don't peek, then the prob of pulling out a white ball is  2/9 .

-- The second urn has 13 balls in it all together, and 3 of them are white.
If you don't peek, then the prob of pulling out a white ball is  3/13 .

-- The probability of being successful BOTH times is

        (2/9) x (3/13)  =  ( 6/117 )  =  about  0.0513  or  5.13% (rounded) 
4 0
4 years ago
Read 2 more answers
What is a political machine
aleksandrvk [35]

A political machine is a political group in which an authoritative boss or small group commands the support of a corps of supporters and businesses (usually campaign workers), who receive rewards for their efforts. ... The term may have a pejorative sense referring to corrupt political machines.

8 0
4 years ago
Read 2 more answers
Here is a recipe for hot chocolate. The recipe makes 4 cups. You and 7 friends are going to enjoy some hot chocolate outside, so
prisoha [69]

Answer:

The recipe for hot chocolate which makes 4 cups, I have 7 friends and if I include myself we will need to make 8 cups of hot chocolate so the recipe for hot chocolate will need to double all the ingredients mentioned in the recipe to make 8 cups of hot chocolate. If 8 cups of hot chocolate is made me and my friends will be able to enjoy hot chocolate in a little cold weather with social distance.

Step-by-step explanation:

The recipe for hot chocolate which makes 4 cups, I have 7 friends and if I include myself we will need to make 8 cups of hot chocolate so the recipe for hot chocolate will need to double all the ingredients mentioned in the recipe to make 8 cups of hot chocolate. If 8 cups of hot chocolate is made me and my friends will be able to enjoy hot chocolate in a little cold weather with social distance.

3 0
3 years ago
Which of the following statements are true of literal equations?
Elden [556K]

Answer:

1. They consist primarily of variables.

2. They are often called formulas.

4. They often describe real-world relationships.

4 0
4 years ago
SOMEBODY PLEASE HELP
Salsk061 [2.6K]

Answer:

$7562.50

Step-by-step explanation:

7 0
4 years ago
Other questions:
  • In a hypothesis test, the claim is μ≤25 while the sample of 34 has a mean of 21 and a population standard deviation of 5.9 from
    6·1 answer
  • Rami sold concessions during a concert. He sold bottled water for $3.50 each and bags of trail mix for $4 each. By the end of th
    10·2 answers
  • How can we use a graph to tell that two populations are equal?
    7·1 answer
  • I need to factor 2x squared plus 6X minus 80
    10·1 answer
  • Need help with this
    7·1 answer
  • 5÷630 wrote out partial quotient
    6·1 answer
  • How many times does 20 go into 100
    11·2 answers
  • What is the slope of the line that goes through the points (7,10) and (3,-3)
    9·2 answers
  • Below are two parallel lines with a third line intersecting them.
    10·1 answer
  • For a dinner party, a catering company charges a set
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!