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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.

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dsp73

Answer:

According to the Poetry Foundation, a woodchuck would chuck “As much wood as a woodchuck could chuck, If a woodchuck could chuck wood.” Researchers at Cornell determined that a woodchuck could chuck about 700 pounds.

Step-by-step explanation:

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How do yo find the square root?
SCORPION-xisa [38]
Divide your number into perfect square factors. ...
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What is the area of a circle that has a circumference of 31.4 feet, also I need to show my work
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Answer:

78.46020384

Step-by-step explanation:

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5 0
3 years ago
19. The population of a small town was 10,800 in 2002. Since then, the population has decreased at a
tia_tia [17]

Answer:

p = 10800(0.975)^{t}

Step-by-step explanation:

There was a population of 108000 in a small town in 2002. Since then, the population has decreased at a  rate of 2.5% each year.

Therefore, the population is decreasing at a compound rate of 2.5% each year.

Now, using the formula of compounding we can write if p is the population after t years, then  

p = 10800( 1 - \frac{2.5}{100} )^{t}

⇒ p = 10800(0.975)^{t} (Answer)

7 0
3 years ago
As a single logarithm, 2log2 6- log29+ 1/3log2 27 = log2 12.
Ipatiy [6.2K]

Answer:

true

Step-by-step explanation:

2log2 6- log2 9+ 1/3log2 27 =

= log2 6² - log2 9 + log2 27^(1/3)

= log2 36 - log2 9 + log2 3

= log2 [(36 × 3)/9]

= log2 12

The statement is true.

3 0
2 years ago
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