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 sum of two numbers is zero. When 10 times the smaller number is added to 6 times the larger, the result is 3. Find the two n
zloy xaker [14]

Answer:

3/4 and -3/4

or

0.75 and -0.75

but there is no solution for

10 times the smaller number added to 6 times the larger number to get 3 as result.

the absolute values of x and y must be equal and with opposite signs (due to their sum being 0).

therefore, 10 times the negative value can never be compensated by 6 times the same but positive value. the sum will always be negative and not positive (and therefore not +3).

it only works with 10 times the larger (positive) number plus 6 times the smaller (negative) value.

Step-by-step explanation:

x + y = 0

10×x + 6×y = 3

=>

x = -y

10×(-y) + 6×y = 3

-10y + 6y = 3

-4y = 3

y = -3/4

=>

x = -y = -(-3/4) = 3/4

control :

10×(3/4) + 6×(-3/4) = 30/4 - 18/4 = 3

12/4 = 3

3 = 3

correct

6 0
3 years ago
If v=5, what is the value of 3v 9?
nexus9112 [7]
Missing part of your problem there. If v=5, 3v=15. Assuming you're adding the 9, the answer is 24. 

5 0
4 years ago
In a tringle two of the angles measure 57° and 74°. Find the measure of the third angle.
Bingel [31]
In a triangle, the three interior angles always add to 180°, so <span>the measure of the third angle = 180 - 57 - 74 = 49</span>°

6 0
4 years ago
Write the slope-intercept form of the equation of each line given the slope and y-intercept.
saul85 [17]

Answer:

4b. −6x + y = −4

4a. 7x + 4y = −12

3b. y = ½x + 3

3a. y = −6x + 5

2b. y + 2 = −⅔(x + 3)

2a. y - 3 = ⅘(x - 5)

1b. y = -x + 5

1a. y = 5x - 3

Step-by-step explanation:

4.

Plug the coordinates into the Slope-Intercept Formula first, then convert to Standard Form [Ax + By = C]:

b.

2 = 6[1] + b

6

−4 = b

y = 6x - 4

-6x - 6x

_________

−6x + y = −4 >> Standard Equation

a.

4 = −7⁄4[-4] + b

7

−3 = b

y = −7⁄4x - 3

+7⁄4x +7⁄4x

____________

7⁄4x + y = −3 [We do not want fractions in our Standard Equation, so multiply by the denominator to get rid of it.]

4[7⁄4x + y = −3]

7x + 4y = −12 >> Standard Equation

__________________________________________________________

3.

Plug both coordinates into the Slope-Intercept Formula:

b.

5 = ½[4] + b

2

3 = b

y = ½x + 3 >> EXACT SAME EQUATION

a.

−1 = −6[1] + b

−6

5 = b

y = −6x + 5

* Parallel lines have SIMILAR <em>RATE OF CHANGES</em> [<em>SLOPES</em>].

__________________________________________________________

2.

b. y + 2 = −⅔(x + 3)

a. y - 3 = ⅘(x - 5)

According to the <em>Point-Slope Formula</em>, <em>y - y₁ = m(x - x₁)</em>, all the negative symbols give the OPPOSITE TERMS OF WHAT THEY REALLY ARE, so be EXTREMELY CAREFUL inserting the coordinates into the formula with their CORRECT SIGNS.

__________________________________________________________

1.

b. y = -x + 5

a. y = 5x - 3

Just write out the Slope-Intercept Formula as it is given to you.

I am joyous to assist you anytime.

3 0
3 years ago
Ten less then quotient of a number and 3 is 8
Lesechka [4]

Answer:The answer is 6

6 0
3 years ago
Read 2 more answers
Other questions:
  • What is 95% of 800? 680 720 760 795​
    5·1 answer
  • If it took Sally 25 minutes to get to work and 50 minutes to get home, how long was her total commute?
    5·2 answers
  • What is the positive factor of 15?
    5·1 answer
  • −6 + 4 = −2 + 8 = −3 − 4 = 7 − 8 =
    7·1 answer
  • Find x. Round your answer to the nearest tenth of a degree.
    9·1 answer
  • Line p passes through (8, -6) and is perpendicular to the line 2x + y = -7. The slope of line p is ...
    5·1 answer
  • (Kind of urgent!) Using the figure below, find the value of a. Enter your answer as a simplified radical or improper fraction (i
    7·2 answers
  • Algebra help!!
    15·1 answer
  • First, rewrite
    14·1 answer
  • The point (2, -3 ) is reflected in the line x = 0 find the image​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!