Mickey's savings account. $975 on deposit. 5.5% annual interest rate. Time is 3 months. Find the Interest

Mathematics

1 answer:

enot [183]2 years ago

7 0

Answer:

$13.41

Step-by-step explanation:

1 year = 5.5%

1/4 year = 5.5/4%

1/4 year = 1.375%

975 * 1.01375 (because percents become fractions by dividing by 100) = 988.41

988.41 - 975 (because you're looking for the interest not what's his final amount) = 13.41

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Please answer this fast there can be more than one option answer in two minutes

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Answer:

Options (1) and (2)

Step-by-step explanation:

In 3-dimensional geometry,

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Option (1). RS and TU

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Option (2).QR and SV

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Since RS and RU intersect at R therefore, they are not the skew lines.

Option (4).RS and UV

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Step-by-step explanation:

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Jenna saves $2,500 per year in an account that earns 10% interest per year, compounded annually. Jenna will have saved in 30 yea

Vsevolod [243]

$~~~~~~~~~~~~\textit{Future Value of an ordinary annuity}\\ ~~~~~~~~~~~~(\textit{payments at the end of the period}) \\\\ A=pymnt\left[ \cfrac{\left( 1+\frac{r}{n} \right)^{nt}-1}{\frac{r}{n}} \right]$

$\begin{cases} A= \begin{array}{llll} \textit{accumulated amount}\\ \end{array}\\ pymnt=\textit{periodic payments}\dotfill &2500\\ r=rate\to 10\%\to \frac{10}{100}\dotfill &0.1\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &30 \end{cases}$

$A=2500\left[ \cfrac{\left( 1+\frac{0.1}{1} \right)^{1\cdot 30}-1}{\frac{0.1}{1}} \right]\implies A=2500\left[ \cfrac{(1.01)^{30}-1}{0.1} \right] \\\\[-0.35em] ~\dotfill\\\\ ~\hfill A\approx 411235.06~\hfill$