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VikaD [51]
3 years ago
11

liam deposits $2400 into an account that earns 8.3% interest compounded quarterly. how much money will liam have in 5 years.

Mathematics
2 answers:
Harlamova29_29 [7]3 years ago
4 0

Answer:

Total = 2,400 * (1 + (.083/4))^4*5

Total = 2,400 * (1.02075)^20

Total = 2,400 * 1.5079528829

Total = 3,619.09

Step-by-step explanation:

nadya68 [22]3 years ago
4 0

Answer:

$3,619.09

Step-by-step explanation:

liam deposits $2400 into an account that earns 8.3% interest compounded quarterly.

Compound interest formula is

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

where A is the final amount

P is the initial amount deposited

r is the rate of interest

n is the compounding period

t is the time in years

P= 2400, r= 8.3%= 0.083, t=5, n=4 (quarterly)

Plug in all the values

A= 2400(1+ \frac{0.083}{4} )^{4*5}

A= 3619.09

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3.18%

Step-by-step explanation:

(14/31) X (13/30)X (12/29) X (11/28) = 0.0318 = 3.18%

5 0
3 years ago
36 kg bag of cement was dropped losing one tenth of cement. How much was left in the bag of cement ?
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Answer:

32.4kg

Step-by-step explanation:

if it loses one tenth of cement;

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2 years ago
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vlabodo [156]

Answer:

<h2>Therefore the length of a side of a cube is \sqrt[3]{64}\ or\ 4</h2>

Step-by-step explanation:

The volume of a cube is expressed as L³ where L is the length of each side of the cube.

Given volume of a cube = 64in³

On substituting;

64 = L³

Taking the cube root of both sides to determine L we have;

\sqrt[3]{64} = (\sqrt[3]{L})^{3}\\\sqrt[3]{64} = L\\L=4

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Step-by-step explanation:

4 0
2 years ago
One side of a rectangle is 20 cm larger than the other side. If you make the smaller side two times larger and the larger side t
grandymaker [24]
Let L be the length
Let w be the width
Let p be the perimeter
L+w+L+w=p
L=w+20
3L+2w+3L+2w=240
Sub the first equation in for L in the second equation and solve for w
3(w+20)+2w+3(w+20)+2w=240
3w+60+2w+3w+60+2w=240
10w+120=240
10w=240-120
10w=120
W=120/10
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Sub w into the first equation and solve for L
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Hope this helps!
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3 years ago
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