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
My name is Ann [436]
3 years ago
13

If the interest rate on a savings account is 0.02%, approximately how much money do you need to keep in this account for 1 year

to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee?
Mathematics
1 answer:
Dovator [93]3 years ago
5 0
This question seems to be a good example of why we need to learn math!

P=present value
i=interest rate = 0.02 per year
time, t=1 year
we need P such that
interest = Pit ≥ 9.99
or
P(.0002*1) ≥ 9.99
=>
P ≥ 9.99/0.0002 = 49950

Answer: it takes a minimum balance of $49950 to cover a "below minimum balance fee" of $9.99.


You might be interested in
In a school of 2000 students, 1150 do not like puzzles. 2/5 of the students travel to school by bus. 595 of the people that do l
Vadim26 [7]

The number of students who do not like puzzles and ride the bus to school is 205

To find the answer it is necessary to do the following procedure:

To find out how many people the 2/5 traveling by bus are equivalent to, divide the total number (2000) of people by 5, and then multiply that value by 2.

  • 2000 ÷ 5 = 400
  • 400 × 2 = 800

From the above, it can be established that 800 people travel by bus to school. Now, to know how many people travel by bus and do not like puzzles, the following operation must be done.

Subtract the number of students who do like puzzles and ride the bus (595) from the total number of students who ride the bus (800)

  • 800 - 595 = 205

So the answer is 205 students ride the bus and they don't like puzzles.

Learn more at: brainly.com/question/24558946

6 0
2 years ago
A taxi fare has a fixed charge of 1.75 and an additional charge 0.45 per mile. A fare for m miles is 13.90. Which equation could
Pavel [41]

Answer:

The answer is 27 miles and option b will give that.

Step-by-step explanation:

1.75 + 0.45m = 13.90

m = (13.90 - 1.75) / 0.45

m = 27 miles

Hope this helped

3 0
3 years ago
Matt is baking cookies.
artcher [175]
I am certain it is

200g butter
300g flour
400g sugar
5 0
2 years ago
The equation for the line g can be written as x-y=9. Line h is parallel to line g and passes through (4,5). What is the equation
Gnoma [55]

Answer:

y = x+1

Step-by-step explanation

The equation in slope intercept form is expressed as y = MX+c

m a the slope

Get the slope of the line

Given the line x-y =9

-y = -x+9

y = x-9

Slope of the line is 1

Since it is parallel to the given line, the slope o the required line is also 1

Substitute m = 1 adnd (4,5) into the point slope form

y-y0 =m(x-x0)

y - 5 = 1(x-4)

y-5 = x-4

y= x-4+5

y = x+1

Hence the required equation is y = x+1

8 0
3 years ago
What is the domain of the function represented by the graph?
nalin [4]

Answer:

I believe its c

Step-by-step explanation:

The domain of a quadratic function is all real numbers

8 0
3 years ago
Other questions:
  • Eva spent $11.61 downloading songs, each song cost $1.29. Four students wrote and solved equations to find s, the number of song
    11·2 answers
  • Ashok and Brian are both walking east along the same path; Ashok walks at a faster constant speed than does Brian. If Brian star
    13·1 answer
  • URGENT 100 POINTS TO THE FIRST WHO ANSWERS CORECTLY
    7·2 answers
  • Wright a real world problem with this<br><br><br> 2x + 5 &gt; 23
    12·1 answer
  • The slopes of perpendicular lines _____.
    15·2 answers
  • Alaska has a coastline of about 6.64 thousand miles. Florida has about 1.35 thousand miles of coast. How many times more does Al
    13·2 answers
  • You need a 30% alcohol solution. On hand, you have a 50 mL of a 20% alcohol mixture. You also have 35% alcohol mixture. How much
    15·1 answer
  • In gym class the coach dividing the students into teams.each team should have the same number of boys the same number of girls.t
    9·1 answer
  • Can someone help me please
    11·1 answer
  • Marcel and his 8 friends have a snow shoveling business. Last season, they earned a total of $2,240.64. How much
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!