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
joja [24]
2 years ago
14

3. Gavin deposited $1500 into his savings account that is compounded quarterly at an interest rate of 1.5%. How much money will

Gavin have after 5 years? Must show setup and answer for credit.
Mathematics
2 answers:
wolverine [178]2 years ago
7 0

Answer:

\$1,616.60  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=5\ years\\ P=\$1,500\\ r=1.5\%=1.5/100=0.015\\n=4  

substitute in the formula above  

A=1,500(1+\frac{0.015}{4})^{4*5}  

A=1,500(1.00375)^{20}  

A=\$1,616.60  

Natali5045456 [20]2 years ago
5 0

Answer:

 

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above  

Step-by-step explanation:

You might be interested in
Eduardo’s average speed on his commute to work was 55 miles per hour. On the way home, he hit traffic and only averaged 40 miles
alekssr [168]

Answer:

40(1.25-t)

Step-by-step explanation:

There are 3 components to consider; time, speed and distance

Time and Speed are given.

The distance has to be calculated.

  • Speed to work = 55 miles per hour
  • Time to work = 1.25-T
  • Speed to home = 40 miles per hour
  • Time to home = 1.25-t
  • Total Time = T + t = 1.25

<u>Distance for trip to home</u>

Speed = Distance/Time

40 = Total Distance/1.25-t

Total Distance = 40(1.25-t)

<em>Therefore, 40(1.25-t) is the correct answer.</em>

!!

6 0
3 years ago
Read 2 more answers
after spending 5/6 of his January salary on paying school fees, Bikila was left with ksh 1500. how much money did he earn that m
Marina CMI [18]

Answer:

9000

Step-by-step explanation:

6 0
2 years ago
Lines AB and CD are straight lines. Find x and y. Give reasons to justify your solutions. I need both answers.
Kazeer [188]

Answer:

1) x = 14°, y = 5°

2) x = 18.5°, y = 37°

Step-by-step explanation:

1) ∠AOC and ∠BOD are vertical angles, then ∠BOD = 25°

∠MOD = ∠MOB + ∠BOD = 90°

3x + 23° + 25° = 90°

3x = 90° - 23° - 25°

x = 42°/3

x = 14°

∠LOB = ∠LOM + ∠MOB = 90°

5y + 3x + 23° = 90°

5y = 90° - 23° - 3(14°)

y = 25°/5

y = 5°

2) ∠AOC and ∠BOD are vertical angles, then ∠BOD = 16°

∠EOB = ∠EOD + ∠DOB =  90°

2y + 16° = 90°

y = (90° - 16°)/2

y = 37°

∠DOF = ∠BOF + ∠DOB =  90°

4x + 16° = 90°

x = (90° - 16°)/4

x = 18.5°

4 0
3 years ago
In 2020, Julia is three times older than her pet porcupine, Needle. In 2025, Julia will be two times older than Needle. In what
ankoles [38]
How old is needle??
4 0
2 years ago
In the game of Pick-A-Ball without replacement, there are 10 colored balls: 5 red, 2 white, and 3 blue. The balls have been plac
Nataly_w [17]

This question is incomplete, the complete question is;

In the game of Pick-A-Ball without replacement, there are 10 colored balls: 5 red, 2 white, and 3 blue. The balls have been placed into a small bucket, and the bucket has been shaken thoroughly. You will be asked to reach into the bucket without looking and select 2 balls. Because the bucket has been shaken thoroughly, you can assume that each individual ball is selected at random with equal likelihood of being chosen.

Now, close your eyes! Reach into the bucket, and pick a ball. (Click the red Pick-A-Ball! icon to simulate reaching into the bucket and drawing your ball.)

a) What is the probability of selecting the color of ball that you just selected? (Round your answer to four decimal places.)

Don't put your first ball back into the bucket. Now reach in ( again no peeking ), and pick your second ball. ( Click the red Pick-A-Ball icon to simulate reaching into the bucket and select your next ball.)

b) What is the probability of selecting the color of the ball you selected. ( Enter the answer in decimal format to 4 decimal places ).

Answer:

a) the probability of selecting the color of ball ( RED ) that you just selected is 0.5000

b) the probability of selecting the color of the ball ( BLUE ) I selected is 0.3333

Step-by-step explanation:

Given that;

We have a total of 10 colored balls  in a small bucket.

Number of Red balls = 5

Number of White balls = 2

Number of blue balls = 3.

Now, assuming I clicked on the red Pick-A-Ball icon to simulate reaching into the bucket and picking a ball.

Also, Assuming that the color of ball that appeared is Red.

Then the probability of selecting the color of ball ( RED ) that I just selected will be;

P( selected Color ) = Number of Red balls / Total number of balls in the bucket

P( selected Color )  = 5 / 10 = 0.5000

Therefore, the probability of selecting the color of ball ( RED ) that I selected is 0.5000

b)

It is said that the game is Pick-A-Ball without replacement.

So assuming I went on and clicked on the red Pick-A-Ball icon to simulate picking a second ball.

Also, Assuming that the color of ball that appeared was blue.

Then the probability of selecting the color of ball ( BLUE ) that I just selected will be;

P( selected Color ) = Number of Blue balls / Total number of balls in the bucket

Now, since I picked the first ball without replacement, i.e I did not return it back to the bucket, The total number of balls left in the bucket now is 9.

so; P( selected Color ) = 3 / 9 = 0.3333

Therefore, the probability of selecting the color of the ball ( BLUE ) I selected is 0.3333

3 0
3 years ago
Other questions:
  • Don’t understand this @ all
    14·1 answer
  • Find the domain of the function
    12·1 answer
  • Graph the line passing through the given point and having the given slope. Give the slope intercept form of the equation of the
    11·2 answers
  • Find the product of (3.7 × 104) and 2.
    14·1 answer
  • What is 24 devided by 10
    7·1 answer
  • Mr. Sonny's science class is calculating the average number of blinks per minute. Jan blinks 126 times in 7 minutes. What is her
    10·2 answers
  • PLEAS HELP <br><br>The measures 2^3 , 4, and 2^7 create a right triangle.<br>True<br>false
    8·1 answer
  • URGENT I NEED HELP FIRST PERSON WHO ANSWERS I'LL GIVE BRAINLYEST
    5·2 answers
  • -10+16 divided by (-2)+7<br><br> *Please show work!*
    10·2 answers
  • Use the drawing tools to form the correct answer on the graph.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!