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
mrs_skeptik [129]
3 years ago
12

What is the total interest earned in two years on an account containing $500 at 3.5% interest, compounded annually?

Mathematics
2 answers:
Oxana [17]3 years ago
7 0

Answer: Compound interest is $36.61

Step-by-step explanation:

Initial amount deposited into the account is $500 This means that the principal,

P = 500

It was compounded annually. This means that it was compounded once in a year. So

n = 1

The rate at which the principal was compounded is 3.5%. So

r = 3.5/100 = 0.035

It was compounded for 2 years. So

t = 2

The formula for compound interest is

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

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

A = 500 (1+0.035/1)^1×2

A = 500(1.035)^2 = $535.61

Compound interest = 535.6 - 500 = $35.61

kiruha [24]3 years ago
3 0
$35.
500 x .035 = 17.5 < - 1 year interest
17.5x2 = 35 <- 2 years
You might be interested in
The graph of g(x) ​​is the graph of f(x)=5x+15 compressed horizontally by a factor of ​ 1/5 ​ .
Vlad [161]
Consider the value of f at x=2.

f(2)=5*2+15=10+15=25. Thus, we have the point (2, 25) in the graph of f.

The graph of g is the graph of f compressed horizontally by a factor of 1/5. 

So at 2, the y-coordinate is 25(1/5=5). That is, we have the point (2, 5).


All pairs (x, y) in f can be described by (x, 5x+15), thus, all pairs (x, y) in g can be described by (x, (5x+15)/5), that is (x, x+3). Thus, the rule for g is :

g(x)=x+3.


Answer: <span>A) g(x)=x+3</span>
7 0
4 years ago
Read 2 more answers
How to do this and find the max or min points
Veronika [31]
I see your last line is : c(x) = 0.9(x^2-10)^2 + 101.1

Let y = x^2, then c(y) = 0.9(y-10)^2 + 101.1

Apparently, c(y) is a parabola, min is 101.1 when y = 10, max is infinity

So let x^2 = 10 -> x = sqrt(10) or -sqrt(10), min is 101.1, max is infinity
8 0
3 years ago
Read 2 more answers
Jed deposited $400 into a bank that offers 3.9% interest rate, compounded daily. In how many years will his balance be $800?
Klio2033 [76]
17.7 years----------->Apex correct answer

8 0
3 years ago
Read 2 more answers
(transformasi laplace) tentukan L { f ( t ) } apabila f(t) masing masing fungsi berikut. f(t)= 5t^3 - 6sin2t + 4e^-4t​
PIT_PIT [208]

Answer:..................................................................

4 0
3 years ago
Weather reporter reads 0.103 for amount of snowfall. How would he say this?
Romashka [77]
The weather reporter would pronounce 0.103 as 103 thousandths.
4 0
3 years ago
Other questions:
  • Using estimation, is it reasonable to say that the product of 117 and 5 is 600?
    8·2 answers
  • Please help aaa
    11·2 answers
  • How many times is 77 grader than 34
    12·1 answer
  • If f(x) = x2 and g(x)= 3x + 1, which expression represents g(f(x))?
    13·1 answer
  • Lily has a piece of ribbon that measure 3 yards 4 inches. She cuts the ribbon into 4 equal pieces. What is the length, in inches
    13·1 answer
  • Find the values of x and y
    9·2 answers
  • What is the square number of 5?<br>a) 125<br>b) 16<br>c) 10<br>d) 5<br>​
    9·2 answers
  • Look at the fraction and decide which comment matches the situation
    6·1 answer
  • Which sequence of transformations maps quadrilateral ABCD onto quadrilateral EFGH? (It's a quiz question on Savvas Realize)
    8·1 answer
  • Anyone else bored or want to vent?​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!