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3 years ago

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

$\qquad \textit{Compound Interest Earned Amount}\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\qquad 
\begin{cases}
A=\textit{current amount}\\
P=\textit{original amount deposited}\to &\$3,500\\
r=rate\to 8\%\to \frac{8}{100}\to &0.08\\
n=\textit{times it compounds per year}\to &1\\
t=years\to &2
\end{cases}
\\ \quad \\
A=3500\left(1+\frac{0.08}{1}\right)^{1\cdot 2}\implies 3500(1.08^2)$

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This question is incomplete because the options are missing. Here are the options:

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2 years ago

Emma receives $7750 and invests it in an account that earns 4% interest copounded continuously, What is the total amount of her

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So your present value is 7750. this is what you have now. they give you the intesrest rate which is 4% and how the amount of year is 5.

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2 years ago

How would you solve 3x^2-12=0?

Gennadij [26K]

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Personally, I would divide each side by 3 x^2 - 4 = 0

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Then I would take the square root of each side: x = +4
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3 years ago

A student needed to prepare 500mL of 1X TAE buffer to run a QC gel. The stock solution in the lab is 5X TAE. What volumes of sto

Xelga [282]

Answer:

you need 100ml of 5X TAE and 400ml of water.

Step-by-step explanation:

You need to use a rule of three:

$C_1V_1=C_2V_2$

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and

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Therefore:

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2 years ago

Read 2 more answers

Adult red wolves vary in length from 137.16 cm to 168.64 cm. Estimate the difference in length between the longest and shortest

zhannawk [14.2K]

Answer:

As per the statement:

Adult red wolves vary in length from 137.16 cm to 168.64 cm.

To find the difference in length between the longest and shortest of these wolves.

Longest length of wolves = 168.64 cm

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Then;

$\text{Difference of the length between the longest and shortest of these wolves}$ = $\text{Length of longest wolves} -\text{Length of shortest wolves}$

Substitute the given values we have;

$\text{Difference of the length between the longest and shortest of these wolves}$ = 168.64 - 137.16 = 31.48 cm

therefore, the difference in length between the longest and shortest of these wolves is 31.48 cm

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3 years ago