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]
4 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]4 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
11 less than three times a number is the same as 75 less than the product of -1 and the number. Find the value of the number.​
larisa [96]

Answer: x = -16

Step-by-step explanation:

3x - 11 = -x - 75 then solve. see photo attached for work.

3 0
3 years ago
Five subtracted from n
Arturiano [62]
Not much to work with, I need the value of n .
8 0
4 years ago
Read 2 more answers
This rectangle represents the base of a rectangular prism. The height of the rectangular prism is 56 m. What is the volume of th
MaRussiya [10]

Answer:

29,400

i had it on a test

Step-by-step explanation:

8 0
3 years ago
Multiplying two digits<br>​
Vika [28.1K]

Answer:

Get a calculator

Step-by-step explanation:

Most of the time for simple math like multiplying 2 digits, it is easiest if you just get a calculator. It saves a lot of time.

If you can't get a calculator then i recommend memorizing some common equations.

For example 10*15= 150

so that if you get 12*15=?, you can easily just add two extra 15's to your answer of 150.

15+15 is 30, and 30+150(from 10*15)=180.

Therefore 12*15=180.

:) Hope that helped!

4 0
3 years ago
​A population of scores has µ = 50 and σ = 5. If every score in the population is multiplied by 3, then what are the new values
PilotLPTM [1.2K]

Answer:

The new mean = 3 × (the old mean) = 150

The new standard deviation is also = 3 × (The old standard deviation) = 15

Step-by-step explanation:

µ = 50 and σ = 5

The mean is the sum of variables divided by the number of variables.

Mean = (Σx)/N = µ = 50

x = each variable

N = number of variables

If each variable changed to 3x

Mean becomes

Mean = (Σ(3x))/N = 3 (Σx)/N = 3 × µ = 3 × 50 = 150.

The standard deviation is the square root of variance. And variance is an average of the squared deviations from the mean.

The standard deviation measures the rate of spread of the data set around the mean.

Standard deviation = σ = √[Σ(x - µ)²/N]

x = each variable

µ = mean

N = number of variables

If each variable changed to 3x

Recall µ changed to 3µ

Standard deviation = σ = √[Σ(3x - 3µ)²/N]

σ = √[Σ 3² (x - µ)²/N] = √[(3²)Σ(x - µ)²/N] = 3×√[Σ(x - µ)²/N] = 3 × σ = 3 × 5 = 15

If every score is multiplied by 3, it is logical to reason that the average of the new set of numbers also is 3× the old average.

And the new set of numbers spread out similarly around this new mean, only that the new space of spread is now 3× the old one.

5 0
3 years ago
Other questions:
  • Abcd is a square. given only the choices below, which properties would you use to prove aeb ≅ dec by asa?
    11·1 answer
  • In triangle NQL, point S is the centroid, NS = (x + 10) feet, and SR = (x + 3) feet.
    9·2 answers
  • I do not get this i'm so dumb​
    6·2 answers
  • Find the absolute value of each rational number -2over 3
    13·2 answers
  • ∠A and \angle B∠B are supplementary angles. If m\angle A=(3x-17)^{\circ}∠A=(3x−17)
    15·1 answer
  • F(x) = x + 3<br> g(x) = 2x2 - 4<br> Find (f ·g)(x).
    14·1 answer
  • #5-10: Identify which line from the graph the following right triangles could lie on.
    11·1 answer
  • How much would it cost to build 10 houses if it costs 7 500 000 per house.
    13·2 answers
  • Fill in the blank to make each equality true. _ divided by (1/2x^3)=16x^6y^4.<br> PLS HELP!
    6·1 answer
  • 25. Write the following definition as a biconditional.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!