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Anika [276]
3 years ago
10

An investment of $6,530 earns interest at the rate of 4% and is compounded quarterly. What is the accumulated value of the inves

tment at the end of 8 years?
Mathematics
1 answer:
il63 [147K]3 years ago
5 0

Answer:

$8,978.36

Step-by-step explanation:

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Answer:

The answer is 3/4 and -1/2

\frac{3}{4} and  -  \frac{1}{2}

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You deposit $200 each month into an account earning 3% interest compounded monthly.
zvonat [6]

The total amount of money accrued ( principal and interest ) in 35 years is $570.78.

<h3>What is the total amount accrued?</h3>

The formula for compound interest is expressed as;

A = P( 1 + r/t )^(n×t)

Given the data in the question;

  • Principal P = $200
  • Rate r = 3% = 3/100 = 0.03
  • Compounded monthly n = 12
  • Time t = 35
  • Amount accrued in 35 years A = ?

Plug the given values into the equation above.

A = P( 1 + r/n )^(n×t)

A = 200( 1 + 0.03/12 )^(12×35)

A = 200( 1 + 0.0025 )^(420)

A = 200( 1.0025 )^(420)

A = 200( 2.85390914 )

A = $570.78

Therefore, the total amount of money accrued ( principal and interest ) in 35 years is $570.78.

Learn more about compound interest here: brainly.com/question/27128740

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7 0
1 year ago
Yasmina eats lunch at Chipotle for $5.25 per day for five days a week. How much does lunch cost...
Paul [167]

Answer:

Step-by-step explanation:

Yasmina:

5.25 x  5 = 26.25 per week

5.25 x 20 = 105 per month

5.25 x 260 = 1365 per year

Camila:

9.75 x 35 = $ 341.25 earnings per week

341.25  x 0.20 = 68.25 saves per week

9.75x35x 4= 1365 earnings per month

1365 x 0.20 = 273 saves per month

9.75 x 35 x 52 =  17745 earnings per year

17745 x 0.20 = 3549 saves per year

4 0
2 years ago
Greg has four different colored cards in a box. Yellow, red, blue, and green. He randomly selects one card, records the color, a
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Answer:

He should expect to select 75 yellow cards.

Step-by-step explanation:

Since there is replacement, for each trial, we have:

1 yellow card

1 red card

1 blue card

1 green card.

If Greg does this 300 times, how many yellow cards should he expect to select?

Each trial, there are 4 cards, one of which is yellow. So 1/4 = 0.25 probability of selecting a yellow card.

Over 300 trials

0.25*300 = 75

He should expect to select 75 yellow cards.

6 0
3 years ago
What values of x make the equation x2 + 9x – 22 = 0 true? Check all that apply.
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-11 and 2 make the equation true. 
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