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
Bogdan [553]
4 years ago
15

3000 in 5 years 4% interest compounded 4 times a year . How much money should Tracey deposit

Mathematics
1 answer:
EleoNora [17]4 years ago
5 0
Tracy should deposit 1,369.86 to earn 3,000 in 5 years at 4% interest rate compounded 4 times a year

Given:
Compounded Interest = 3000
Term = 5 year
Frequency = 4 times a year
interest rate = 4%
Principal = unknown. 


C.I = Principal × (1 + rate)^t
3000 = Principal × (1.04⁴)⁵
3000 = Principal × 1.17⁵
3000 = Principal x 2.19
3000/2.19 = Principal
1,369.86 = Principal
You might be interested in
An bunch of 4 bananas contains a total of 5.92 grams of protein. Suppose each banana has the same amount of protein. How much pr
MrMuchimi
1.48 protein per 1 banana
6 0
3 years ago
10. A circle has an arc with measure 80° and length 887. What is the<br> diameter of the circle?
zaharov [31]
The diameter of the whole circle is 2*pi*radius . The arc length is then 80/360*pi*radius*=88*pi
radius=88*180/80
=44*180/40
=22*180/20
=11*180/10
=11*18
=(10+1)*18
=198
The diameter is 2*198=(200-2)=400-4=396

SO BASICALLY THE ANSWER IS 396
3 0
3 years ago
How to use the Associative property to write an expression equivalent to (w+9)+3.
Alchen [17]
The expression could look like

(w+3)+9
4 0
3 years ago
It costs $5 to get into the state park, plus $12 per night for you to camp there. If you have a total of $137 to
Dahasolnce [82]

Answer:

11 nights

Step-by-step explanation:

Our total budget: $137

First, let's deduct the cost to enter the park.

137 - 5 = 132

We have $132 to spend on the hotel.

Since the cost is $12 per night, we need to find out how many times $12 can go into $132. This is done using division.

132 / 12 = 11

As we can see, we can pay $12 eleven times until our money runs out.

Thus, we can stay at the camp for 11 nights!

Answer: 11 nights

4 0
4 years ago
A bank pays 1.25% interest per year. Lincoln deposited $16 500 in the bank. How many will interest would he earn after 1 year?
Sonja [21]

Answer:

206.25$

Step-by-step explanation:

To find the amount of money he got, you would use this formula: l = prt

interest = principle ( 16500 ) * interest rate ( 1.25% ) * time ( 1 )

that equals 206.25$, and that is what she would earn in 1 year

8 0
3 years ago
Other questions:
  • What is the difference between -<br> and 9?
    12·1 answer
  • Given the function F(x), you can get a picture of the graph of its inverse F -1(x) by flipping the original graph of F(x) over t
    6·1 answer
  • Solve the equation 3(x+2)=5x-2
    8·2 answers
  • 2 Points
    8·1 answer
  • together Preston and Horatio have 49 video game Horatio has 11 more games than Preston how many games does each person have
    13·1 answer
  • PLEASE HELP ITS URGENT!!
    12·1 answer
  • Question Progress
    11·1 answer
  • A principal at a large high school wants to estimate the number of days freshmen regularly ride the bus to school.
    9·2 answers
  • 3х + 4 = 9x - 8<br> What is the value of X to make the equation true?
    12·1 answer
  • Which statement best describes the first step to the equation -11-3x=44-2x
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!