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
NARA [144]
2 years ago
7

Ava deposited $3,500 in an account that earned 4.375% interest

Mathematics
1 answer:
Bumek [7]2 years ago
5 0

Answer:

4335.61

Step-by-step explanation:

Using the equation A = P (1 + r/n)^nt

lets fill  in the variables,

P (principal) is 3500.00

r (rate) is .04375  - we do this in decimal form

n (number of times interest is doubled) here it is annually, could be monthly or daily too, but we are told annually, so we use 1

t (time) is 5 years

So:   3500(1+.04375/1) ^ 1(5)

pemdas

parenthesis first 1 +.04375/1 = 1.04375

exponents next 1 x 5 = 5

so now we have 3500 (1.04375) ^5

take 1.04375 to the power of 5 (pemdas) then multiplication

= 3500(1.2387465058)  or

A = 4335.61

This is the same result as calculating simple interest for 5 years but each year calculating off the new Principal amount that includes interest.

3500 x  .04375 = 153.125  or 3653.125   *(year one)

159.82 = 3812.95  

166.82 = 3979.77

174.11 = 4153.88  

181.73 = 4335.61

You might be interested in
What is the opposite of V3?
stich3 [128]
It should be -v3
Hope this helps
7 0
2 years ago
How do you find the percent of a number? Such as $28.80 dress is on sale for 40%. Best explanation that i understand gets brainl
Volgvan
By turning the percentage into a decimal and dividing it by the amount you choose. so 28.80 divided by 0.4 is 72 %.
4 0
3 years ago
Read 2 more answers
Find the slope on the line
Alla [95]

Answer:

-1

Step-by-step explanation:

Use Rise/Run and since the line is negative the slope will be negative

8 0
2 years ago
Which expressions are equivalent to 12a+24b+36?
DochEvi [55]
See photo for solution

3 0
3 years ago
Bret works for a printing company-each document takes 8 sheets of paper-he has 500 sheets-how many documents can he print
Juli2301 [7.4K]

Answer:

He can print 62 documents

Step-by-step explanation:

500/8=62.5

He can print only 62 documents because he cannot print half a document.

Hope this helps!

If not, I am sorry.

7 0
1 year ago
Other questions:
  • How do you show 40 fewer than a number t?
    11·1 answer
  • If you have 100 dollars and you have to buy 100 animals using all the money how many of each animal would you buy...............
    14·1 answer
  • Can sumone help please!
    14·1 answer
  • PLEASE HELP I mixed everything up and now I dont know!!
    6·2 answers
  • How do I tell my mom that really this good
    8·2 answers
  • A movie theater holds 785 people. The theater has already sold 219 tickets. How many more tickets can be sold
    6·2 answers
  • WILL GIVE BRAINLIST IF U CAN SOLVES THIS PROBLEMhbigbg75585t85g7b7g5g7gghghgh75hg74h8t58gh8h54th784t75ty84t7y974t+ggnonthn4nhhhn
    6·1 answer
  • Jerry went the store to buy cat food, but when he got there, the brand name
    8·1 answer
  • Write the following expression
    12·1 answer
  • Office Products has a case of paper on sale for $22.99. The list price is $32.99. If you buy 5 boxes, what is the total purchase
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!