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
Alina [70]
3 years ago
6

gavin deposited $1500 into his savings account that is compounded quarterly at an interest rate of 1.5%. How munch money will ga

vin have after 5 years?
Mathematics
1 answer:
creativ13 [48]3 years ago
4 0

<u>Answer:</u>

The money will gavin have after 5 years is 1616.59$

<u>Explanation:</u>

We know that compound interest is given by  

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

          Where A = final amount

       P = Principal amount = $1500 (given)

r  = interest rate = 1.5% = 0.015

n = no. of times interest applied per time period = given quarterly = 4

t = time period = 5 years  

    So,

A=1500\left(1+\frac{0.015}{4}\right)^{4 \times 5}

1500\left(1+\frac{0.015}{4}\right)^{20}

 = 1616.59$ which is the money will gavin have after 5 years

You might be interested in
Determine two pairs of polar coordinates for the point (4, -4) with 0° ≤ θ &lt; 360°.
grin007 [14]
(4√2, 225°), (-4√2, 45°)
7 0
3 years ago
Read 2 more answers
Please help me my mums gonna kill me if I fail this assignment.
Vika [28.1K]

Answer:

17 in,3 in, and 19in

so the third answer

Step-by-step explanation:

6 0
3 years ago
Cylinder E has the following dimensions: h = 30 cm and r = 4 cm. Cylinder F has the same radius, but has a height of 5 cm . What
Anarel [89]

Answer:

1759.52cm^3

Step-by-step explanation:

Given data

Cylinder E

h = 30 cm and

r = 4 cm

The expression for the volume is

V= πr^2h

V= 3.142*4^2*30

V= 3.142*16*30

V=1508.16 cm^3

Cylinder F

h=5 cm

r = 4 cm

The expression for the volume is

V= πr^2h

V= 3.142*4^2*5

V= 3.142*16*5

V=251.36 cm^3

Hence the total volume is

=251.36+1508.16

= 1759.52cm^3

6 0
2 years ago
Tins eats 8 crackers for a snack each day at school.on Friday,she drops 3 and only eats 5. multy​
Pie

Answer:

If she only ate 5 she'll need to get 3 more to keep up her streak of eating 8 cracker.

Step-by-step explanation:

8-3=5 is an equation you'd use.

6 0
3 years ago
Read 2 more answers
Jamal worked over summer at his dads office. He earned $2200 total. He is planning on spending his money on a $50 per month gym
Tju [1.3M]

Answer: He will have $1974 in April.

Step-by-step explanation:

Given : Total money he earned =  $2200

He spent $50 per month gym membership, a $68 monthly phone plan $48 monthly gas plan and $60 monthly fun plan.

So , Money he has left  = Money he earned - Total expenditure

= $ ( 2200- (50+68+48+60))

=  $ (2200- 226)

= $ 1974

Hence, He will have $1974 in April.

3 0
2 years ago
Other questions:
  • The amount of time that American astronauts spent on space is about 13,507,804 minuets. What is the word form of that number
    5·1 answer
  • 3) Find f(3) for the function below.<br> f(x) = 2x² – 3x
    8·2 answers
  • james has a card collection with 64 basketball cards, 32 football cards, and 24 baseball cards. he wants to arrange the cards in
    10·1 answer
  • Find the value of x
    9·2 answers
  • AXYZ is in Quadrant 1. It is rotated 90° counterclockwise around the origin.
    14·2 answers
  • The length of title a is about 2.23607 inches which mark on the tape measure is closest to 2,23607 inches ?
    5·1 answer
  • A medical equipment industry manufactures x-ray machines. The unit cost C( the cost in dollars to make each x -ray machine) depe
    8·1 answer
  • From 1990 to 2000, the number of visits by the people to Bryce Canyon National Park increased by about 23.9 thousand visits per
    9·1 answer
  • If you can travel 120 miles in 3 hours (180 minutes), what is the distance you could travel in 75 minutes
    5·2 answers
  • How do I solve this?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!