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
marta [7]
3 years ago
12

Help me with this please

Mathematics
1 answer:
Reika [66]3 years ago
6 0

Answer:

$2,459.21

Step-by-step explanation:

(see attached for reference)

recall that the formula for compound interest is:

A = P [ 1 + (r/n)^ (nt) ]

where,

A = Final amount ( we are asked to find this)

P = principal amount = given as $2,340

r = Annual Interest Rate = given as 5% = 0.05

n = number of times compounded in a year = 4 (compounded quarterly)

t= time = 1 year

Substituting the values into the equation,

A = P [ 1 + (r/n)^ (nt) ]

A = 2,340 [ 1 + (0.05/4)^ (4·1) ]

A = $2,459.21

You might be interested in
PLEASE HELP!!!!!! ILL GIVE BRAINLIEST *EXTRA 40 POINTS** !! DONT SKIP :((
Maslowich

Answer:No

Step-by-step explanation:

6 0
3 years ago
Pleas help I’m giving a lot of points away
AnnyKZ [126]

Answer:

interestinggggggggggggg

3 0
2 years ago
Leo bought a bulldozer for $63,103. The value of the bulldozer depreciated at a constant rate per year. The table below shows th
fomenos
Year 1
58054.76=63,103(1-r)^1
Year 2
53,410.38=63103(1-r)^2
5 0
3 years ago
Read 2 more answers
Name the types of angles shown.
scZoUnD [109]

Answer:

Ans : A. Straight angle

Step-by-step explanation:

Brainliest me pls

#KEEPSAFE

#STUDYWELL

#G'MORNING

Brain

4 0
2 years ago
In a class of 40 students of the total number of students like to study English and of the total number of students like to stud
RUDIKE [14]

Answer:

10/100

Step-by-step explanation:

6 0
3 years ago
Other questions:
  • Train A leaves Westtown and travels at 50 mph toward Smithville, 330 miles away. At the same time, Train B leaves Smithville and
    15·1 answer
  • When evaluating proportions, we write the ratios in fractional form and then we ________________.
    15·2 answers
  • Solve x2 − 8x + 15 < 0.
    13·1 answer
  • What is the explicit<br> equation for this<br> series?<br> 2, 8, 14,
    12·2 answers
  • What is -5(2x + y - 4)
    12·1 answer
  • HELP PLEASE<br><br> Solve 3 + 4x &gt; –5 for x.
    7·2 answers
  • Calculate the area of the shape below.
    10·2 answers
  • Can i have help with this question please i don’t understand
    15·2 answers
  • In the 2004 Summer Olympics, the U.S. won 11 more medals than Russia. Together they won 195 medals. How many medals did the U.S.
    10·2 answers
  • Find surface area will give branliest if answer is right.
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!