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Mazyrski [523]
3 years ago
10

If you deposit $540 in an account that pays 6% interest compounded annually how much would be in the account after three years

Mathematics
2 answers:
yawa3891 [41]3 years ago
7 0

Answer:

A=$643.15

Step-by-step explanation:

We can use the formula

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

Now we can plug the information in the problem into the formula

A=540(1+\frac{0.06}{1} )^{(1)(3)}\\\\A=643.15

Doss [256]3 years ago
5 0

Answer:

The amount after 3 year = $ 643.15

Step-by-step explanation:

<u>Compound interest  formula:</u>

A = P[1 +R/n]^nt

Where A - amount

P - principle amount

R = rate of interest

t - number of times compounded yearly

n  number of years

<u>To find the amount after 3 years</u>

Here P = $540, R = 6%, t = 1 and n = 3 years

A = P[1 +R/n]^nt

 = 650[1 + 0.06/1]^(3*1)

 = 540[1.06]^3

 = $ 643.15

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3 years ago
The third term in an arithmetic sequence is 14 and the fifth term is 20. If the first term is a1, which is an equation for the n
Kruka [31]

Answer:

The equation for nth term is 3n + 5.

Step-by-step explanation:

Let a1 be a,

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2 years ago
Temperature transducers of a certain type are shipped in batches of 50. A sample of 60 batches was selected, and the number of t
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Answer:

The number of six non conforming transducers at most =54/60=0.9

The number of fewer than six non conforming transducers =51/60=0.85

The number of at least six non conforming transducers at most =30/60=0.5

d) The center of the histogram is around 2 or 3 and it shows that there is some positive skewness in the data

Step-by-step explanation:

Relative Frequency Frequency       x

6/60=0.1                            6                   0

0.2                                    12                    1

0.2                                   12                     2

0.25                            15                      3

0.1                                    6                       4

0.05                               3                 5

0.05                               3                 6

0.0167                              1                          7

<u>0.033                               2                  8</u>

<u>∑                                    60                   </u>

The number of six non conforming transducers at most

= 6+12+12+15+6+3= 54

The number of six non conforming transducers at most =54/60=0.9

The number of fewer than five non conforming transducers

= 6+12+12+15+6 = 51

The number of fewer than six non conforming transducers =51/60=0.85

 

The number of at least six non conforming transducers

2+1+3+3+6+15= 30

The number of at least six non conforming transducers at most =30/60=0.5

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So option d is the best answer

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