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mario62 [17]
3 years ago
10

James and Terry open a savings account that has a 2.75% annual interest rate, compounded monthly. They deposit $500 into the acc

ount each month. How much will be in the account after 20 years? A. $159,744.59 B. $48,407.45 C. $330,600.15 D. $580,894.18
Mathematics
1 answer:
katovenus [111]3 years ago
7 0

Answer:

<h2>Option A is the answer(here the answer is calculated taking the whole value, without approximating it to a nearest value)</h2>

Step-by-step explanation:

Annual interest rate is 2.75%. Hence, the monthly interest rate is \frac{2.75}{12}

The amount will be compounded (20\times12) = 240 times.

Every month they deposits $500.

In the first month that deposited $500 will be compounded 240 times.

It will be 500\times [1 + \frac{2.75}{1200} ]^{240}

In the second month $500 will be deposited again, this time it will be compounded 239 times.

It will give 500\times [1 + \frac{2.75}{1200} ]^{239}

Hence, the total after 20 years will be 500\times [1 + \frac{2.75}{1200} ]^{240} + 500\times [1 + \frac{2.75}{1200} ]^{239} + ........+ 500\times [1 + \frac{2.75}{1200} ]^{1} = 160110.6741

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Answer:

Step-by-step explanation:

According the Triangle sum theorem:

m<T + m<U + m<V =180

x + 2x + x + 80 = 180

solve: x=25

Therefore m<T = 25, m<U = 50, and m<V = 105

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7 0
3 years ago
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Setler79 [48]

The triangles that are similar would be ΔGCB and ΔPEB  due to Angle, Angle, Angle similarity theorem.

<h3>How to identify similar triangles?</h3>

From the image attached, we see that we are given the Parallelogram GRPC. Thus;

A.  The triangles that are similar would be ΔGCB and ΔPEB  due to Angle, Angle, Angle similarity theorem.

B. The proof of the fact that ΔGCB and ΔPEB are similar pairs of triangles is as follow;

∠CGB ≅ ∠PEB  (Alternate Interior Angles)

∠BPE ≅ ∠BCG  (Alternate Interior Angles)

∠GBC ≅ ∠EBP  (Vertical Angles)

C.  To find the distance from B to E and from P to E, we will first find PE and then BE by proportion;

225/325 = PE/375  

PE = 260 ft

BE/425 = 225/325  

BE = 294 ft

Read more about Similar Triangles at; brainly.com/question/14285697

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5 0
2 years ago
A certain three​-cylinder combination lock has 60 numbers on it. To open​ it, you turn to a number on the first​ cylinder, then
statuscvo [17]

Answer:

(a) The number of different lock combinations is 216,000.

(b) The probability of getting the correct combination in the first try is \frac{1}{216000}.

Step-by-step explanation:

The lock has three-cylinder combinations with 60 numbers on each cylinder.

The procedure of the opening lock is to turn to a number on the first​ cylinder, then to a second number on the second​ cylinder, and then to a third number on the third cylinder.

The numbers can be repeated.

(a)

There are three cylinder combinations on the lock, each with 60 numbers.

It is provided that repetitions are allowed.

Then each cylinder can take any of the 60 numbers.

So there are 60 options for the first cylinder.

There are 60 options for the second cylinder.

And there are 60 options for the third cylinder.

So the total number of possible combinations is:

Total number of combinations = 60 × 60 × 60 = 216000.

Thus, the number of different lock combinations is 216,000.

(b)

The events of getting a correct combinations of the three​-cylinder combination lock implies that all the three cylinder are set at the correct numbers.

Each cylinder has 60 numbers.

This implies that there are 60 possible ways to get a correct number for the first cylinder.

The probability of getting the correct number for the first cylinder is:

P (Number on 1st cylinder is correct) = \frac{1}{60}.

Similarly for the second cylinder the probability of getting the correct number is:

P (Number on 2nd cylinder is correct) = \frac{1}{60}.

And similarly for the third cylinder the probability of getting the correct number is:

P (Number on 3rd cylinder is correct) = \frac{1}{60}.

So the probability of getting the correct combination in the first try is:

P (Correct combination in the 1st try) = \frac{1}{60}\times \frac{1}{60}\times \frac{1}{60}=\frac{1}{216000}.

Thus, the probability of getting the correct combination in the first try is \frac{1}{216000}.

7 0
3 years ago
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