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Minchanka [31]
3 years ago
10

Using the chart "Amount of $1 at Compound Interest" from previous reading section "More Compound Interest", find the total amoun

t and amount of interest paid in the following compound interest problems.
$3,000 at 8% for 5 years.

Compounding Total Amount Interest Amount
annually $ $
semiannually $ $
quarterly $ $
Mathematics
1 answer:
vitfil [10]3 years ago
7 0

Answer:

Step-by-step explanation:

the formula used for any interest other then continuously is

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

so... r=rate in decimal form ONLY n=how often interest is paid t=time passed

A=3000(1+.08/1)^(1)(5) = annually

A=3000(1+.08/2)^(2)(5)

A=3000(1+.08/4)^(4)(5)

use you calculator to get the answer

it is good practice to use your calculator now because soon you will be using it for population questions and those need to be entered very carefully.

You might be interested in
A contractor is to build a brick wall 6 feet high to enclose a rectangular garden. Only three sides of the garden need to be enc
son4ous [18]

Answer:

Step-by-step explanation:

From the given information:

Since three sides of the garden need to be enclosed because the fourth side is a building.

The area is xy and the perimeter will be x + 2y

Calculating the perimeter in terms of x; we have:

P = x+2y = 232   ----- (21)

y = (232 - x) / 2

y = 116 - (x/2)

Now; to calculate the area since the value of y in terms of x is known.

A = xy

A = x[116 - (x/2)]

A=116x - (x^2/2)  ----- (2)

Taking the derivative of eqaution (2); we have:

A' = 116 - x

Relating it as it is equal to zero, thereby solving for x ; we have:

116 - x = 0

x = 116

From equation (1)

P = 116 +2y = 232

2y = 232 -116

2y = 116

y = 116/2

y = 58

Thus; the area A = xy can be calculated as:

A=xy

A=116(58)

A= 6728

3 0
3 years ago
A parabola y=1/2x^2-4x+21 can you help me find the vertex form of this parabola please and thank you :)
ale4655 [162]
Ok 
First factor out the first 2 terms as follows:-

y  = 1/2(x^2 - 8x) + 21

Now complete the square on x^2 - 8x:-

y = 1/2[ (x - 4)^2 - 16] + 21

y = 1/2(x - 4)^2 - 8 + 21

y = 1/2(x - 4)^2 + 13   Answer


3 0
3 years ago
WILL GIVE BRANLIEST PLZZZ ASAP
Eddi Din [679]
It should be to the right by 2 and up by 2 i’m not to sure tho :/

3 0
3 years ago
Explain how knowing 5 divided by 8 = 0.625 helps you write the decimal for 4 5/8
stepladder [879]
Every fraction is a division problem!!

5/8 - you see that line there? It means to divide.

So knowing that 5/8= .625 can help you turn 4 5/8 into a non fraction number really quick

It's simply 4+ 5/8 (which we know is .625)

So it is 4.625!!

4.625=4 5/8
5 0
4 years ago
A shop tech earns a base pay of ​$19.68 per​ hour, plus​ "time-and-a-half" for overtime​ (time exceeding 40​ hours). If he works
lapo4ka [179]

9514 1404 393

Answer:

  $890.52

Step-by-step explanation:

The pay for each hour of overtime is ...

  1.5 × $19.68 = $29.52

The tech worked 40 hours at $19.68 per hour, plus an additional 3.5 hours at $29.52 per hour. His gross pay is ...

  40 × $19.68 +3.5 × 29.52

  = $787.20 +103.32 = $890.52

His gross pay for the week is $890.52.

8 0
3 years ago
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