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
Arte-miy333 [17]
3 years ago
6

Micah invests $5,280 in an account that earns 4.2% interest, compounded monthly.

Mathematics
1 answer:
Olin [163]3 years ago
8 0

Answer:

Hence By End of the year with monthly compounded interest it will have 5522.56 $

Step-by-step explanation:

Given:

Initial investment =5.280 $

Rate of interest =4.2%

To Find:

Amount after the 1 year

Solution:

As the investment follows the rule for compound interest as ,

A=P(1+R)^t

Here A=amount after t years

R= rate of interest , P= principal amount   t is time period

So given is monthly compounded interest

so t will divided into 12 parts as there 12 months in one year.

P=5280 $ , R=4.2/12 %  , t=12

A=5280(1+0.045/12)^(12)

A=5280(1.00375)^12

A=5280(1.046)

A=5522.56 $

You might be interested in
The midpoint of RS¯¯¯¯¯¯¯ is M. Use the given endpoint R(23, 14) and midpoint M(13, 8) to find the coordinates of the other endp
Oksanka [162]

The coordinates of other endpoint S is (3, 2)

<h3><u>Solution:</u></h3>

Given that midpoint of RS is M

Given endpoint R(23, 14) and midpoint M(13, 8)

To find: coordinates of the other endpoint S

<em><u>The formula for midpoint is given as:</u></em>

For a line containing containing two points (x_1, y_1) and (x_2, y_2) midpoint is given as:

m(x, y)=\left(\frac{x_{1}+x_{2}}{2}, \frac{y_{1}+y_{2}}{2}\right)

Here in this problem,

m(x, y) = (13, 8)

(x_1, y_1) = (23, 14)\\\\(x_2, y_2) = ?

Substituting the given values in above formula, we get

(13,8)=\left(\frac{23+x_{2}}{2}, \frac{14+y_{2}}{2}\right)

Comparing both the sides we get,

\begin{aligned}&13=\frac{23+x_{2}}{2} \text { and } 8=\frac{14+y_{2}}{2}\\\\&26=23+x_{2} \text { and } 16=14+y_{2}\\\\&x_{2}=3 \text { and } y_{2}=2\end{aligned}

Thus the coordinates of other endpoint S is (3, 2)

8 0
3 years ago
Help with this math please ​
Nadusha1986 [10]

Answer:

Step-by-step explanation:

5 0
3 years ago
Please need help evaluate the math problems
alina1380 [7]

x + y when x = 6 and y = 2

6 + 2 = 8

\frac{9x+24}{4} when x = 12 and y = 20

\frac{148}{4} = 37

\frac{6m}{n} when m = 12 and n = 3

\frac{72}{3} = 24

Six times x

6x

Six increased by x

6 + x

The sum of x and y

x + y

6 0
3 years ago
A submarine started at sea level and was 400 meters below sea level in 10 minutes. Which statement correctly explains the submar
enot [183]
D because the submarine started at sea level and ended 400 meters BELOW sea level.
3 0
3 years ago
Read 2 more answers
6x^4+4x^2 what is the degree and number of terms?
Andrew [12]
The degree is "4" and the number of terms is "1"
4 0
3 years ago
Other questions:
  • a round swimming pool has a circumference of 66 feet. Carlos wants to buy a rope to put across the diameter of the pool. the rop
    8·1 answer
  • Find the function rule
    11·2 answers
  • Kenji earned the test scores below in English class. 79,91,93,85,86 and 88. After his next test, his mean and median scores both
    6·1 answer
  • Draw a number line -5 through 5 and mark 2x&lt;6
    9·1 answer
  • Solve for x. ​ −2(x+14)+1=5 ​ ​ Enter your answer in the box.
    11·2 answers
  • How to find the square root of 5x-25=0
    8·1 answer
  • A bag contains 10 marbles. Four of the marbles are purple. What is the probability you will choose a purple marble from the bag
    12·1 answer
  • If you wanted to gather information about birth months and chronotypes, what kind of information would you look for?
    6·1 answer
  • Help please due today!!
    11·1 answer
  • If five shirts cost $106.25, what is the cost of two shirts?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!