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
katen-ka-za [31]
3 years ago
6

Antuan deposited $2590 into a 3 year CD at an interest rate of 2.3% compounded quarterly.

Mathematics
1 answer:
lora16 [44]3 years ago
7 0

Answer:

the interest rate is $183.89 =~ $ 184

Step-by-step explanation:

In this question, Antuan deposited $2590 into a 3 year CD (Certificate of Deposit)  at an interest rate of 2.3% compounded quarterly. We need to find the interest account earned after 3 years.

Formula used will be :

Interest = P ( 1 + r/n) ^ n ^ t - P

Where

P= Principal amount

r= interest rate (in decimals)

n= no of times the interest is compounded

t = no of years

Here we are subtracting P because we only need interest amount and not the future value.

Using this formula and finding the value will be:

P= $2590

r = 2.3 % or 0.023

n = 4

t = 3

Interest = 2590 * ( 1 - 0.023 / 4) ^ 4^ * ^ 3 - 2590

Interest= 2590 (1.071) -2590\\Interest= 2773.89 - 2590\\Interest= 183.89

So the interest rate is $183.89 =~ $ 184

You might be interested in
What is the value of the function at x = −3?
zlopas [31]

Answer:

the answer is D

Step-by-step explanation:

(0, -3) , (1, -3) , (2, -3)

Hope this helps! :)

~Zane


4 0
3 years ago
Read 2 more answers
Given the quadratic function f(x) = 2x + 5x-12, what is the value of f(-2)?
tino4ka555 [31]

Answer:

-26

Step-by-step explanation:

first substitute -2 for x : 2(-2)+5(-2)-12

-4+-10-12

-14-12

-26

-26 is your answer

pls mark me brainliest if this helps !

6 0
3 years ago
Read 2 more answers
The sum of 5 consecutive even numbers is 100. What is the first number in this sequence?
gayaneshka [121]

Answer:

16

Step-by-step explanation:

Let's represent this with an equation, where x is the first number. The next number must be x+2, because it has to be even, not x+1, and the rest continue the same way:

x+(x+2)+(x+4)+(x+6)+(x+8) = 100

Solve for x.

5x+20 = 100

5x = 80

<u>x = 16</u>

4 0
3 years ago
Which term describes the fraction that has a variable or a variable expression
Lilit [14]
A term that describes the fraction that has a variable or valuable expression proper factor

3 0
3 years ago
Monthly earnings total $4513. Find the social security tax deducted.
levacccp [35]
<span>The monthly earning is = 4513 dollars.
Find the security tax.
in US, 3% is the security tax.
3% = 3% / 100 = 0.03
NOw, let's solve with this given digits.
=> 4513 * .03 = 135.39
=> 135.39
Therefore the tax deducted to your salary is 135.39 dollars per month.


</span>
4 0
3 years ago
Other questions:
  • Which is 3 groups of 5
    10·1 answer
  • Similar triangles have corresponding angles that are congruent and corresponding sides whose measures are proportional.
    14·1 answer
  • Six groups sell 162 balloons. There are 3 students in each group. If each student sells same number of ballons, how many balloon
    12·2 answers
  • Construct a quadrilateral ABCD in which AB = 4 cm, BC = 7 cm, angle A = angle C = 105 degree
    6·1 answer
  • What is the measure of cuz
    15·1 answer
  • Please Answer both questions Thank you <br><br> Love you
    7·1 answer
  • The formula for the area of a rhombus is A= 1/2d1d2, where d1 and d2 are the length of the diagonals
    5·1 answer
  • What is the slope of the line that passes through the points (2,8) and (1, 13)?
    9·1 answer
  • Acellus
    15·1 answer
  • A cab charges a $4 initial fee and then $2.50 per mile. If the cab driver charged you $15.25, how many miles, m, did you travel?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!