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
Katarina [22]
3 years ago
8

If the money and interest are left in the bank how much is the total accumulated savings at the end of the second year for a sav

ings of $3500 at 8% annually compounded interest
Mathematics
1 answer:
Mekhanik [1.2K]3 years ago
6 0
\qquad \textit{Compound Interest Earned Amount}\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\qquad 
\begin{cases}
A=\textit{current amount}\\
P=\textit{original amount deposited}\to &\$3,500\\
r=rate\to 8\%\to \frac{8}{100}\to &0.08\\
n=\textit{times it compounds per year}\to &1\\
t=years\to &2
\end{cases}
\\ \quad \\
A=3500\left(1+\frac{0.08}{1}\right)^{1\cdot  2}\implies 3500(1.08^2)
You might be interested in
Please help me with this #5
shepuryov [24]

\text{Given that,}\\\\a_1 = 10~ \text{ and}~ a_n = a_{n-1} -4~\text{for}~ n\geq 2\\\\a_2 = a_{2-1} -4 = a_1 -4 = 10 -4 = 6\\\\a_3 = a_{3-1} - 4=a_2 -4 = 6 -4  =2\\\\a_4 = a_{4-1} -4 = a_3 -4 = 2 -4 = -2\\\\\text{The first four terms are:}~ 10,~ 6,~ 2~, -2

8 0
2 years ago
Select the equation of the line that passes through the .5,7 and is perpendicular to the line x equals 4
lions [1.4K]
Hello!

To be perpendicular to x = 4, the line must be y = something. This eliminates answer choices #2 and #4. Also, to pass through the point (.5, 7), the line must be y = 7.

So answer choice #3.

Hope this helps!! Let me know if you have ANY questions.
8 0
3 years ago
Complete the steps to solve for x.
mylen [45]
Answer: 11

Explanation:

(4/5)x - (1/4)x = 11
(16/20)x - (5/20)x = 11
(11/20)x = 11
7 0
2 years ago
Read 2 more answers
A rectangles length is 1.5 times its width. The perimeter of the rectangle is four more than 3 times the length. What are the di
vovikov84 [41]

Answer:

  8 by 12 units

Step-by-step explanation:

Let w represent the width of the rectangle. Then the length is 1.5w. The perimeter is 4 more than 3 times this, so is (3(1.5w) +4) = 4.5w+4

The perimeter is given by the formula ...

  P = 2(length + width)

Filling in the given values for the variables, we have ...

  4.5w +4 = 2(w +1.5w)

  4 = 0.5w . . . . . . subtract 4.5w and collect terms

  8 = w . . . . . . . . . multiply by 2

  length = 1.5×8 = 12

The rectangle is 8 units wide and 12 units long. The perimeter is 40 units.

4 0
2 years ago
a large pizza is advertised to have 14 inch diameter. If a costumer orders two large pizzas, how many squares inches of pizza wi
kari74 [83]
Radius ^2 * pi = 1 pizza * 2 = area of 2 pizzas = 307.876 in ^2
5 0
3 years ago
Read 2 more answers
Other questions:
  • 5) PLEASE HELP WITH QUESTION.<br><br> MARKING BRAINLIEST + POINTS GIVEN.
    15·1 answer
  • A 33 m tall building casts a shadow. The distance from the top of the building to the tip of the shadow is 36 m . Find the lengt
    15·1 answer
  • Meg uses 2 inches of ribbon to make each bow. how many bows can she make from 21 inches of ribbon?
    14·1 answer
  • after every eighth visit to a restaurant you receive a free beverage.after every tenth visit you receive a free appetizer. if yo
    10·1 answer
  • a group of five friends are sharing two of trail mix. write a division problem and a fraction to represent the situation.
    13·2 answers
  • a normal die is rolled calculate the probability that the number on the uppermost face when it stops rolling will be an even pri
    12·1 answer
  • 1. Solve: 9^2x + 1 = 9^3x – 2
    10·2 answers
  • Find the slope given: (3,6) &amp; (11, 6)<br> m =
    15·2 answers
  • 1534 divided by 26 what is the answer help me out.
    14·2 answers
  • On a piece of paper, use a protractor to construct a triangle with angle measures of 30° and 120°. Which statements about this t
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!