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
kolezko [41]
3 years ago
8

You deposit $975.52 in a bank account. Find the balance after 4 years if the account pays 7.25% annual interest compounded quart

erly
Mathematics
1 answer:
sladkih [1.3K]3 years ago
4 0

Answer:

The final ballance will be $1300.37.

Step-by-step explanation:

In this case we have a compounded interest, in order to calculate the final balance we need to use the following formula:

S = P(1 + r/n)^(n*t)

Where S is the final balance, P is the initial investment, r is the rate of interest, t is the time and n is the rate at which it is compounded. Since we have all the values we can directly apply to the formula as follows:

S = 975.52*(1 + 0.0725/4)^(4*4)

S = 975.52*(1.018125)^(16)

S = 975.52*1.333

S = 1300.37

The final ballance will be $1300.37.

You might be interested in
Every 3 days Marco fills up his car with gas. Every 8 days he washes his car. On what day will Marco fill his car with gas and w
stiks02 [169]
I the week starts on Monday he will fill Monday and Saturday and on each Monday he will wash his car
7 0
3 years ago
The probability that aperson living in a certaincity owns a dog is estimated to be 0.3. Find the probabilitythat the tenth perso
allochka39001 [22]

The probability that the tenth person randomly interviewed in that city is the fifth one to own a dog = 0.051

Given,

Consider the interview of a person is a trial.

Lets consider it success if a person  owns a dog and consequently , a person without a dog will be a failure.'

Let the random variable X represent the number of persons to be interviewed to get 5 dog owner: in other words, to get 5 successors.

Probability of a success in each trial is p = 0.3. Therefore probability of a failure in each trial is q = 1 - p = 0.7 .

Because trials are independent. X has a negative binomial distribution with parameters k = 5, p = 0.3

P(X =x ) = b(x: k, p) = [(x-1)(k-1)] p^kq^r^-^k

where, x = k , k + 1 , k + 2......(1)

Now, Lets find the probability that the tenth person randomly interviewed in that city is the fifth one to own a dog

Using equation (1), we get:

P(X = 10) = b(10: 5, 0.3)

                = [(10-1) (5 - 1)](0.3)^5(0.7)^1^0^-^5

               = [(9)(4)] (0.3)^5(0.7)^1^0^-^5

               = 0.05146

Hence, The probability that the tenth person randomly interviewed in that city is the fifth one to own a dog = 0.051

Learn more about Probability at:

brainly.com/question/743546

#SPJ9                                  

4 0
9 months ago
Make x the subject! urgent help
Serhud [2]

Answer:

x =  \frac{n}{b -  {t}^{2} }

Step-by-step explanation:

I supposed that is a "n".

Steps as below:

{t}^{2}  = b -  \frac{n}{x}  \\ b -  \frac{n}{x}  =  {t}^{2}  \\  -  \frac{n}{x}  =  {t}^{2}  - b \\  \frac{n}{x}  =  - ( {t}^{2}  - b) \\  \frac{n}{x}  = b -  {t}^{2}  \\ n = x(b -  {t}^{2} ) \\ x(b -  {t}^{2} ) = n \\ x =  \frac{n}{b -  {t}^{2} }

4 0
1 year ago
Read 2 more answers
A cell phone can receive 120 messages per minute. At this rate, how many messages can the phone recieve in 150 seconds
aev [14]
Hi, 

The answer would be 300 messages. To explain, there are 60 seconds in a minute so 120 divided by 60 is 2, so that means 2 words per second. So to get the answer for 150 seconds, you multiply 150 by 2 and get 300. 

I hope this helps!
7 0
3 years ago
What is the probability of drawing a heart or a club? <br> A)0%<br> B)50%<br> C)100%
zlopas [31]

Answer:

b = 50%

Step-by-step explanation:

P(Heart or Club)

= P(Heart) + P(Club)

= 13/52 + 13/52

= .25 + .25

= .5 --> 50%

5 0
3 years ago
Other questions:
  • A candy store sells​ chocolate-covered almonds for ​$7.50 per pound and​ chocolate-covered peanuts for ​$5.00 per pound. The man
    10·1 answer
  • Describe the difference between a model , an experiment, and a simulation. Illustrate your definition with an example and be sur
    10·1 answer
  • What is 532,892 rounded to the nearest thousand?
    6·1 answer
  • 823 rounded to the nearest ten
    11·1 answer
  • Hi, can anyone help me. Please!
    8·2 answers
  • P=7r+3q <br> r= 5 and q= -4
    10·1 answer
  • Someone plzzzzz give me the answer for this. Btw I know if you add them all it would be A but there are 3 lines left then add th
    8·1 answer
  • A quantity with an initial value of 750 decays continuously at a rate
    7·2 answers
  • Sofia is a helper for the kindergarten class and is in charge of picking a video for their end-of-year party. To choose which ty
    9·2 answers
  • Last one i swear its for a great cause
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!