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
swat32
4 years ago
15

Find the future value (in dollars) of an 18-month investment of $3,500 into a simple interest rate account that has an annual si

mple interest rate of 5.5%.
Mathematics
1 answer:
goblinko [34]4 years ago
3 0

Answer: the future value is $3788.75

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the amount invested.

P represents the principal or amount invested.

R represents interest rate

T represents the duration of the investment in years.

From the information given,

P = 3500

R = 5.5

T = 18 months = 18/12 = 1.5 years

I = (3500 × 5.5 × 1.5)/100 = 28875/100

I = 288.75

the future value would be

3500 + 288.75 = $3788.75

You might be interested in
What is the value of x?
STatiana [176]
I thought it was 5 because the 55 degrees given is equal to the angle above it. If you look, there are 4, 90 degree angles so the 8x-5 has to equal 35 to make 90 but idk
3 0
3 years ago
Which expression is equivalent to the square root of 120x
iren [92.7K]
(120x)^1/2 see attached photo for steps

5 0
4 years ago
Please help giving brainly
Irina18 [472]

Answer:

proportion used: 7/20

7emails were from the same person

Step-by-step explanation:

35/100= 7/20

7/20 of 20

20/20=1

1x7= 7

5 0
3 years ago
Read 2 more answers
Hello can someone please help me with this
HACTEHA [7]

Answer:

(c) is closest to the correct answer

Step-by-step explanation:

The question answers itself: "Mr. Jones's prescription calls for 1.04 tablets PER DAY, thus the amount of tablets Mr. Jones should talk daily are 1.04. Since none of the answers in the answer set have '1.04' in them, we have to use some basic logic:

The list of answers are, a) 1.25. We can rule that one out as it is not 1.04. We can also rule out b) and d) using the same logic. Thus, by process of elimination, we are left with c) 1 O. Not only is 1.0 (or just 1) the closest number to the actual amount (1.04) but it also makes the most sense, as one cannot take .04 (or 4/100ths) of a pill.

4 0
3 years ago
Can someone please tell me how to find the missing length of 27 and 28?
denis23 [38]
The square root of 117
6 0
3 years ago
Other questions:
  • PLZ HELP ASAP
    5·2 answers
  • Need help. Every equation I’ve thought of ends up not working out.
    11·1 answer
  • PLEASE HELP ME!!!!<br> I can't seem to get this right!
    8·2 answers
  • Please help me <br>i neeed an help from you guys
    8·2 answers
  • Explain the contast<br> 2-5 sentences
    7·1 answer
  • Gianna bought 6.2 pounds of berries. She used 4.8 pounds of the berries to make a pie. What equation can be used to find how man
    15·2 answers
  • What is the reciprocal of 56/87?
    10·1 answer
  • If n(U)= 50, n(A)= 30, n(B) = 20 and n(AUB)= 45, find i) n(A) ii) n(B) ii) Express in Venn diagram​
    9·1 answer
  • Kim had 12 cookies that brought to school she gave some cookies to her friends if Kim has no more than five cookies left how man
    13·1 answer
  • A tax preparation firm is interested in comparing the quality of work at two of its regional offices. the observed frequencies s
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!