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
skad [1K]
3 years ago
15

A customer deposits $500 in an account that pays 4% annual interest. What is the balance after 3 years if the interest is compou

nded annually?
Compound interest formula:
t = years since initial deposit
n = number of times compounded per year
r = annual interest rate (as a decimal)
P = initial (principal) investment
V(t) = value of investment after t years

A. $500.12
B. $512.00
C. $560.00
D. $562.43
Mathematics
2 answers:
Ipatiy [6.2K]3 years ago
7 0

I believe the answer is D

SIZIF [17.4K]3 years ago
4 0

Answer:

Option D

Step-by-step explanation:

The compounded interes formula states that:

V(t) = P (1 + r/n)^ (nt)

t = years since initial deposit  = 3

n = number of times compounded per year  1

r = annual interest rate (as a decimal)  = 4% / 100 = 0.04

P = initial (principal) investment = $500

Then V(t) = $500 ( 1 + 0.04/1)^3 = 562,43

So the correct answer is option D.

You might be interested in
If sin 0 = -<br> and 270º &lt; 0&lt; 360°, what is cos 0?
Alik [6]

Answer:

  cos(θ) > 0

Step-by-step explanation:

In Quadrant IV, the cosine is positive.

__

In the attached, trig functions not listed are negative.

7 0
3 years ago
Image shown down below
faust18 [17]

Answer:

there is no answer down below

7 0
3 years ago
What is 0.00375 expressed in scientific notation
iogann1982 [59]

Answer:

0.00375 = 3.75 \times  {10}^{ - 3}

Step-by-step explanation:

0.00375 = 3.75 \times  {10}^{ - 3}

5 0
3 years ago
Read 2 more answers
A large university accepts 70% of the students who apply. Of the students the university accepts, 30% actually enroll. If 30,000
Irina-Kira [14]

Answer:

630

Step-by-step explanation:

you need to do a 2 step equation, first finding the amount of students that get accepted, and then use the info you just got solving how many people actually enroll.

formula:

part part %

---------- = -----------

total total %

5 0
3 years ago
The diagram represents the relationship of number sets. The four choices given will complete the diagram. Which BEST describes
NISA [10]
It’s D.
Natural numbers are 1,2,3,4,5,etc...
Whole numbers are 0,1,2,3,4,5,etc...
Integers are -1,-2,-3,-4,-5,-6,etc...
Rational numbers are -8/12, 2/3, 0.468,etc...
5 0
3 years ago
Other questions:
  • Two buses leave a station at the same time, traveling in opposite directions. The rate of the faster bus is 15 mph faster than t
    10·2 answers
  • PLEASE SOMEONE HELP ME. Use the given values to write a quadratic equation of the form f(x)=ax^2+bx+c:
    15·1 answer
  • A tower is 200 feet tall. To the nearest degree, find the angle of elevatio n from a point 50 feet from the base of the tower to
    11·1 answer
  • How to work out the number x is reduced by 25% and then halved?
    15·1 answer
  • Help meeeeeeeee<br> i just need a short answer
    9·2 answers
  • how many different license plates are possible if each contains two letters out of the alphabet 26 letters followed by three dig
    5·1 answer
  • Plz help im begging i got a F
    12·1 answer
  • Write 31/9 as a mixed number
    15·2 answers
  • How do you find the second derivative by implicit differentiation on x³y³= 8?
    5·1 answer
  • On Rhombus WXYZ,if W is located at (-5,-2) and Y is located at (3,-2), what is the slope of XZ?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!