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
Verdich [7]
4 years ago
9

7,300 deposit earning 3.3% compounded monthly after 1 year. What will the balance after 1 year will be?

Mathematics
1 answer:
inna [77]4 years ago
7 0

Answer:

$7,544.58

Step-by-step explanation:

We will use the compound interest formula provided to solve this:

A=P(1+\frac{r}{n} )^{nt}

<em>P = initial balance</em>

<em>r = interest rate (decimal)</em>

<em>n = number of times compounded annually</em>

<em>t = time</em>

<em />

First, change 3.3% into its decimal form:

3.3% -> \frac{3.3}{100} -> 0.033

Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:

A=7,300(1+\frac{0.033}{12})^{12(1)}

A=7,544.58

The balance after 1 year will be $7,544.58

You might be interested in
An angle measures 4° more than the measure of a complementary angle. What is the measure of each angle?
mojhsa [17]

a complementary angle is 90 degrees, so, if the angle measures 4 more than a complimentary angle, it is 94 degrees.

3 0
3 years ago
Read 2 more answers
Two twins are running away from their mother in opposite directions one with the speed of 10 feet per second and the other with
sdas [7]

Answer:

going by 0.69 times faster

Step-by-step explanation:

7 0
4 years ago
PLZ HELP ME QUICK AT THIS MATH PROBLEM QUICK
sukhopar [10]

Answer:

1. 30 houses were analyzed

2. 24 houses

3. 21 houses

4. Bimodal skewed right? IDK sorry :(

5. 15 houses

6. The fourth interval (151-200)

Sorry if this is wrong... Hope it helps!

Step-by-step explanation:

4 0
3 years ago
one hundred forty countries participated in the 1984 summer olympics in los angeles. this was 75% more than the number of countr
Cloud [144]

Answer:

80 countries participated in the 1980 olympics in Moscow.

Step-by-step explanation:

Hello, I think I can help you with this

You can solve this by using a simple rule of three

Step 1

define

140 countries participated in 1984,this was 75% more than the last time,this means that 140 is the 175% of a value that we need to know

if

140 ⇔175%

x?    ⇔100%

the relation is

\frac{140}{175}=\frac{x}{100}

Step 2

solve for x

\frac{140}{175}=\frac{x}{100}\\x=\frac{100*140}{175}\\x=\frac{14000}{175} \\x=80

80 countries participated in the 1980 olympics in Moscow.

Have a nice day

6 0
3 years ago
If a necklace was marked up to 400% and was originally $100 what was the original price
Dafna1 [17]
Well if the number is 100 dollars and it increases by four hundred percent it now costs 400 dollars. But if it was 100 dollars after the increase the original price was 25 dollars.
3 0
4 years ago
Other questions:
  • Explain in detail how to add and regroup 28+5
    9·2 answers
  • Manufacture has been selling 1450 television sets a week at $540 each. A market survey indicates that for each $13 rebate offere
    13·1 answer
  • If log(10) s=4 then what does s =
    9·1 answer
  • Alan's camping troop is selling popcorn to earn money for an upcoming
    12·1 answer
  • A bacterial culture starts with 3000 bacteria and increases to 48,000 after 3 hours, find the doubling time:
    14·1 answer
  • 9(p−4)=−18<br> solve for p
    13·1 answer
  • Which is a better estimate for the length of an almond?<br><br> a. 3 meters b. 3 centimeters
    5·2 answers
  • Someone please help me i am so bad with point slope stuff
    5·1 answer
  • 3
    15·2 answers
  • A linear regression equation and multiple linear regression equations can be used to calculate y if one is given the x values. H
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!