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
adelina 88 [10]
2 years ago
7

Calculate the future value (in dollars) of $1,550 deposited into an account earning an annual simple interest rate of 4% compoun

ded daily after 3 years. Round to the nearest cent. (Use 365 for the number of days in a year. Enter a number.)
Mathematics
1 answer:
RUDIKE [14]2 years ago
8 0

Answer: the future value is $1748.4

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

P = 1550

r = 4% = 4/100 = 0.04

n = 365 because it was compounded 365 times in a year.

t = 3 years

Therefore,.

A = 1550(1 + 0.04/365)^365 × 3

A = 1550(1+0.00011)^1095

A = 1550(1.00011)^1095

A = 1550 × 1.128

A = 1748.4

You might be interested in
What is the area of the shaded region?
ella [17]

33cm

Because add all of them then subtract then do the parenthasees and you get 33

3 0
2 years ago
you have reading homework every 6 days and you have science homework every 15 days. If you have homework in both today when will
cluponka [151]
Do you remember when you were learning about the "Least Common
Multiple" of two numbers, and you were wondering why you had to learn
it, because you were so sure that you'd never need to use it ?  Do you
remember that ?

Well, HERE's where you get to use it.  This question is just looking for
the LCM of 6 and 15 .  THAT's how many days it will be before you get
homework in both subjects on the same day again.

(It's not 90 days, and it's not 60 days.)
8 0
3 years ago
Determine the greatest common factor of the following numbers 8 and 12<br>NO LINKS PLEASE!!!!​
jonny [76]
I think it would be 4.
8 breaks down to 4(2) and 12 breaks down to 4(3). Let me know if that helps!
3 0
3 years ago
Help with this one!<br><br><br> Show steps if you can pls :)
lianna [129]

Answer:

110%

Step-by-step explanation:

just divide by 2

20/2 = 10

22/2 = 11

so x% of 10 = 11

1.10 just like the last problem

110%

4 0
3 years ago
2. Find the common difference and the recursive formula. a. 22, 19, 16, 13, …
Musya8 [376]

Answer:

The common difference d is d = -3

The recursive formula is: \mathbf{a_n=a_{n-1}-3}

Step-by-step explanation:

We need to find the common difference and the recursive formula.

a. 22, 19, 16, 13, …

First we will find common difference

The formula of arithmetic sequence is: a_n=a_1+(n-1)d

where a_n is nth term, a_1 is 1st term and d is the difference

Looking at the sequence we get: a_1=22, a_2=19

Using these values we can find d, the common difference

a_n=a_1+(n-1)d\\put\:n=2, a_2=19, a_1=22\\19=22+(2-1)d\\19=22+d\\d=19-22\\d=-3

So, the common difference d is d = -3

Now, we will find the recursive formula:

The recursive formula is of type: a_n=a_{n-1}+d

We have found common difference d = -3

So, the recursive formula will be:

a_n=a_{n-1}+d\\a_n=a_{n-1}+(-3)\\a_n=a_{n-1}-3

The recursive formula is: \mathbf{a_n=a_{n-1}-3}

6 0
3 years ago
Other questions:
  • Evalute 16^1/2×2^-3.
    12·1 answer
  • What is the length of segment AD?<br> Answer and explain why :)
    13·2 answers
  • Hey school cafeteria make cheese sauce for macaroni using 15 cups of swiss cheese and 17 cups of cheddar cheese perry tries to m
    12·1 answer
  • Find the distance between the points (3, -5) and (-6, -5).
    14·1 answer
  • WHAT IS 1.2 +3 PLEASE HELP!!
    11·1 answer
  • In which number is the value of the 5 ten times the value of the 5 in 10.059?
    12·1 answer
  • Please help meeeeeeeeeeeeeeee!!!!!!!!!!!!!!
    8·1 answer
  • Which of the following phrases describes the expression 2 - 2x​
    6·1 answer
  • In ΔUVW, the measure of ∠W=90°, the measure of ∠U=19°, and WU = 85 feet. Find the length of VW to the nearest tenth of a foot.
    8·2 answers
  • Help im almost finished
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!