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
AlekseyPX
3 years ago
11

You deposit $200 in an account earning 3% interest compounded

Mathematics
1 answer:
anastassius [24]3 years ago
5 0

Answer:

$268.78

Step-by-step explanation:

We will use the compound interest formula to solve this:

A=P(1+\frac{r}{n} )^{nt}

<em>P = initial balance</em>

<em>r = interest rate (decimal)</em>

<em>n = number of times compounded annually</em>

<em>t = time</em>

First, change 3% into its decimal form:

3% -> \frac{3}{100} -> 0.03

Now, plug in the values:

A=200(1+\frac{0.03}{1})^{1(10)}

A=268.78

After 10 years, you will have $268.78

You might be interested in
There are 24 hours in a day. If you want to convert days to hours, should you multiply or divide by 24?
puteri [66]

multiply by 24

eg: 2 days = 2×24 = 48hrs

7 0
2 years ago
What is 4(x-7)=2(x+3)?
hram777 [196]

Answer:

Isolate the variable by dividing each side by factors that don't contain the variable.

4(x−7)=2(x+3)

Simplify both sides of the equation.

4(x−7)=2(x+3)

4x+−28=2x+6

4x−28=2x+6

Subtract 2x from both sides.

4x−28−2x=2x+6−2x

x−28=6

Add 28 to both sides.

2x−28+28=6+28

2x=34

Divide both sides by 2.

2x/2  =  34/2

x = 17

5 0
3 years ago
Read 2 more answers
Solving simular triangles advanced
Reptile [31]

Answer:

x = 3/2

Step-by-step explanation:

We can use ratios to solve

6            6+x

-------- = -----------

4              5

Using cross products

6*5 = 4 * (6+x)

30 = 24 + 4x

Subtract 24 from each side

30 -24 = 24+4x-24

6 = 4x

Divide each side by 4

6/4 = 4x/4

3/2 = x

3 0
3 years ago
Read 2 more answers
Solve for s.<br> 3 = s - 2<br> s=
elena55 [62]
The answer is 5 because 5-2=3. S=5
3 0
2 years ago
Read 2 more answers
Shelby earns $190 per week at her part time job and she spends $15.20 each week eating at the local fast food restaurant. What p
Hoochie [10]
I think the correct answer would be 8%...I'm not for sure. 
5 0
3 years ago
Other questions:
  • What is tan 330°? for algebra 2 with trig in it.
    15·1 answer
  • What are the equations that represent the cost of each gym as a function of the number of months?
    15·2 answers
  • Buses arrive at a specified stop at 15-minute intervals starting at 7 A.M. That is, they arrive at 7, 7: 15, 7: 30, 7: 45, and s
    6·1 answer
  • Can y’all help me pls
    11·1 answer
  • For which of the following is x = -5 a solution? Select all that apply.
    8·1 answer
  • Solve the simultaneous equations 2x+3y=9 4x+y=13
    7·1 answer
  • PLEASE HELP ASAP!! MARKING BRAINLIEST :D
    10·2 answers
  • Help please thank you
    5·1 answer
  • A 500 g bag of rice costs $0.64.A 2 kg bag of the same rice costs $2.65.
    14·1 answer
  • 5. Monday night it was -2.3°C. If the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!