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
faltersainse [42]
3 years ago
6

Don put $4,000 in a savings account with an interest rate of 4% for three years. If the interest is compounded annually, how muc

h money will he have at the end of the three years?
Mathematics
1 answer:
miskamm [114]3 years ago
4 0

Answer:

$4,499.46

Step-by-step explanation:

We can use the compound interest formula for this problem:

A=P(1+\frac{r}{n} )^{nt}

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, lets change 4% into a decimal:

4% -> \frac{4}{100} -> 0.04

Now lets plug the values into the equation as shown below:

A=4,000(1+\frac{0.04}{1})^{1(3)}

A=4,499.46

Don will have $4,499.46 at the end of the three years.

You might be interested in
Daryl took out a single payment loan for $890 that charged a $40 fee. How
umka2103 [35]

Answer:

$930

Step-by-step explanation:

The amount payable at maturity of the loan is simply the sum of the loan amount and the fee charged on the loan.

The loan amount is 890 while the fee charged on the loan is 40. The amount repayable at maturity is thus;

890 + 40 = 930.

Therefore, he has to pay $930 by the time the loan reaches maturity.

7 0
4 years ago
Read 2 more answers
every 3 days, William has to take medication for his back. Every 7 days, he was to take medication forms asthma. On what day wil
Yuri [45]
You find the smallest number that has the factors 3 and 7

the answer is the 21st day
3 0
3 years ago
Read 2 more answers
HELP PLEASE. Solve. 6(x+20)=168
KiRa [710]

Answer:

x=8

Step-by-step explanation:

6(x+20)=168

Divide each side by 6

6/6(x+20)=168/6

x+20 =28

Subtract 20 from each side

x+20-20 = 28-20

x =8

4 0
3 years ago
Read 2 more answers
-2>3(b+4)/-2
krek1111 [17]

Answer:

$b>-\frac{8}{3}$

Step-by-step explanation:

$-2>\frac{3(b+4)}{-2}$

Multiply both sides by –2 (which flips the sign):

$4

Divide both sides by 3:

$\frac{4}{3}

Subtract 4 from both sides:

$\frac{4}{3}-4

Make 4 an improper fraction with a denominator of 3:

$\frac{4}{3}-\frac{12}{3}

Subtract:

$-\frac{8}{3}

$b>-\frac{8}{3}$

7 0
3 years ago
one month judy worked 2 hours each day for 21 days. she earned a total of $115.50. how much did she earn per hour
snow_lady [41]
$2.75.  bcuz 2 hours for 21 days adds up to 42 hours.  $115.50 divided by 42 hrs and u get $2.75.
4 0
4 years ago
Other questions:
  • Which expression is not a polynomial? O A. 4- 3x + 5x6 OB. 8x10 + 2x5 O c. 14x7 O D.x2-7-3​
    9·1 answer
  • The question is evaluate x÷1.2 for each value of x         x=40.8
    5·1 answer
  • Can someone help me with this problem
    7·1 answer
  • Nina can ride her bike 63,360 feet in 3,400 seconds, and Sophia can ride her bike 10 miles in 1 hour. What is Nina's rate in mil
    12·2 answers
  • At Pike Place Fish Market in Seattle, customers can purchase a variety of different types of seafood. One type of seafood sold a
    6·1 answer
  • I need to know the answer ?
    14·1 answer
  • (-2,3) and slope m=9
    14·1 answer
  • George wants to run 7 1/2 miles. The distance around a park is 1 1/5 miles. How many times must George run around the park to ru
    11·1 answer
  • Which equation has a constant of proportionality equal to 1/2
    14·1 answer
  • Please help me urgently
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!