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
miskamm [114]
3 years ago
9

I will mark you as the brainlest

Mathematics
1 answer:
tatyana61 [14]3 years ago
8 0

<u>Option D</u>

The total amount after 3 years is $ 1665.31

<h3><u>Solution:</u></h3>

Given that an investment of $1500 in an account paying 3.5% interest, compounded quarterly

<em><u>To find: total amount after 3 years</u></em>

<em><u>The formula for total amount using compound interest is given as:</u></em>

A=p\left(1+\frac{r}{n}\right)^{n t}

A = the future value of the investment/loan, including interest

P = the principal investment amount (the initial deposit or loan amount)

r = the annual interest rate (decimal)

n = the number of times that interest is compounded per unit t

t = the time the money is invested or borrowed for

Here in this problem,

p = $ 1500

r = 3.5 \% = \frac{3.5}{100} = 0.035

t = 3 years

n = 4 (since compounded quarterly)

<em><u>Substituting the values in above formula</u></em>,

\begin{aligned}&A=1500\left(1+\frac{0.035}{4}\right)^{4 \times 3}\\\\&A=1500(1+0.00875)^{12}\\\\&A=1500(1.00875)^{12}\\\\&A=1500 \times 1.110203=1665.31\end{aligned}

Thus total amount after 3 years is $ 1665.31. Option D is correct

You might be interested in
Donald bought 10 woodcarvings for a total of $220. If they were all the same price, how much did he pay for each wood carving?
Leviafan [203]
$220/10 which = $22.0 each
7 0
3 years ago
Read 2 more answers
7-14m=2m=5 please help​
Firdavs [7]

Answer:

M=1/6

Step-by-step explanation:

6 0
3 years ago
Solve For X <br> A 3 <br> B 30<br> C 60<br> D 90
Anarel [89]

Answer:

sln

10x+10x+30+90=180

20x+120=180

20x=180-120

20x=60

x=3

the answer is A) 3

8 0
3 years ago
[7.07] Choose the correct product of (6x + 2)2.
Archy [21]
The correct product of (6x+2)2 = 36x2 + 24x + 4
This is how to get this:
The equation is (a+b)2 = (a+b) (a+b). So, when you apply this to your equation, you get this:
(6x+2)2 = (6x+2) (6x+2) = 36x2 + 12x + 12x + 4 = 36x2 + 24x + 4
4 0
3 years ago
Read 2 more answers
What is the trigonometric ratio for cos C?
Solnce55 [7]
You remember from SOH CAH TOA that
.. Cos = Adjacent/Hypotenuse
.. cos(C) = 80/82 = 40/41 . . . . . . . . . . . seems to match the last selection
8 0
3 years ago
Other questions:
  • Which point is NOT part of the solution of the inequality y ≥ −|x − 4| − 3? (–1, 1) (4, –4) (–3, 2) (0, 0)
    10·1 answer
  • Bountiful Company had sales of $650,000 and cost of merchandise sold of $200,000 during the year. The total assets balance at th
    11·1 answer
  • Simplify the expression a+7(1+10a)
    9·1 answer
  • Trying to solve a magic square
    7·2 answers
  • HELP MEH PLEASE! THIS IS HALF MY GRADE! Subtract 16a+3 from 13a−5 . Which is the correct answer?
    9·1 answer
  • A straight line passes through the origin and has a gradient of 4. Find the equation
    5·1 answer
  • 670.65 which digit is in the tenths place
    15·2 answers
  • The formula for the circumference of a circle is C = 2πr, where r is the radius. Rearrange the formula to solve for r and select
    6·1 answer
  • What is the criteria​
    15·1 answer
  • How long will it take a rocket traveling at 8 km/s to reach 20 km?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!