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
Sunny_sXe [5.5K]
3 years ago
6

Tom deposited $2410 in a bank that pays 12% interest, compounded monthly. Find the amount he will have at the end of 3 years.

Mathematics
1 answer:
OLEGan [10]3 years ago
4 0

Answer:

Base amount: $2,410.00

Interest Rate: 12% (yearly)

Effective Annual Rate: 12.68%

Calculation period: 3 years

$3,448.15

Step-by-step explanation:

The generic formula used in this compound interest calculator is

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

V = the future value of the investment

P = the principal investment amount

r = the annual interest rate

n = the number of times that interest is compounded per year

t = the number of years the money is invested for

You might be interested in
Help me with this pls
Ne4ueva [31]

Answer:

The answer should be C) 4x + 5x = 180

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
What is 5 1/8 divided 7/8
garik1379 [7]

0.0915178...........

8 0
3 years ago
Lucy is knitting a blanket and needs to buy some more yarn. At her local craft store, 2 skeins of yarn cost 57 and 8 skeins of y
prisoha [69]

Answer: it’s A 7/2 i just took this

Step-by-step explanation:

5 0
2 years ago
About how many male math teachers will there be in 2016?<br> A. 32<br> B.52
antiseptic1488 [7]

Answer:

From the answers you provided the best answer is B.52

Step-by-step explanation:

It starts past 32 so there's no way it can ever be that value as the graph is continuously increasing.

4 0
2 years ago
Read 2 more answers
A line segment has endpoints A(4, 8) and B(2, 10). The point M is the midpoint of AB. What is an equation of a line perpendicula
Vera_Pavlovna [14]
I)

The Midpoint M of the line segment AB is found using the Midpoint formula:

M=( \frac{4+2}{2} , \frac{8+10}{2})=(3, 9)

ii)

the slope of the line through A and B is found by the slope formula:

m= \frac{y_1-y_2}{x_2-x_1}= \frac{10-8}{2-4}= \frac{2}{-2}=-1

iii)

the product of the slopes of 2 perpendicular lines is -1, so the slope of the line perpendicular to the line through A and B is -1/(-1)=1

iv) 

the equation of the line with slope 1, which contains point M(3, 9) is found by the slope point form equation of a line:

y-9=1(x-3)

y-9=x-3

y=x+6


Answer: y=x+6

7 0
3 years ago
Other questions:
  • What is GA in this photo?
    7·1 answer
  • 1. What is the solution of the system?
    14·1 answer
  • Help please
    8·2 answers
  • Solving systems of equations by substitution
    13·1 answer
  • Which value is the solution of the equation 8.25r = 554.4?
    8·2 answers
  • Please can you answer this question, it would really help. Thanks.
    8·2 answers
  • A crate of bananas has a mass of 674.8 dekagrams. What is the mass of the crate of bananas in centigrams? Use the metric table t
    6·2 answers
  • Plot the points (-10,3) and (-10, –6)<br>​
    5·2 answers
  • A. Two orders for birthday parties come in and you are responsible for getting the order ready. Both orders ask for 192 ounces o
    7·1 answer
  • Part A: Write an equivalent system of equations.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!