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3 years ago

If you invest $500 at 3% compounded monthly for 2 years, how much interest you do earn? Show work.

Mathematics

1 answer:

Elodia [21]3 years ago

4 0

Answer:

$30.88

Step-by-step explanation:

The account value is given by ...

A = P(1 +r/n)^(nt)

where P is the principal invested, r is the annual interest rate, t is the number of years, n is the number of times interest is compounded per year.

The amount of interest earned is the account value less the initial investment:

I = A - P = P(1 +r/n)^(nt) -P = P((1 +r/n)^(nt) -1)

Filling in the given values, we get ...

I = 500((1 +.03/12)^(12·2) -1) = 500(1.0025^24 -1) ≈ $30.88

The amount of interest earned is $30.88.

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Answer:Phytagorean thereom

Step-by-step explanation:it helps really try it.

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3 years ago

At 3:30 p.m., Berto’s train was 34 miles past the egg farm, traveling at an average speed of 85 miles per hour. At the same time

timurjin [86]

E=egg farm

x=distantce between the Berto´s trains and the meeting point.

t=time where the trains meet up

⇒110 miles/h ⇒85miles/h

[---------------------------E----------------------]-------------------------------------X

[............12 miles.......][........34 miles.....][------------ x ----------------------]

distance between Berto´s train and Eduardo´s train=

=12 miles+34 miles=46 miles.

S=d/t ⇒d=S*t

S=seed

d=distance

T=time

Eduardo´s train;

46 miles+x=t*110 miles/h ⇒x=t*110 miles/h-46 miles (1)

Berto´s train;

x=t*85 miles/h (2)

With the equations (1) and (2) we suggest this system equations:

x=t* 110 miles/h-46 miles

x=t*85 miles/h

we solve this system equiations :

t*110 miles/h-46 miles=t*85 miles/h

110t miles/h-85t miles/h=46 miles

25 t miles/h=46 miles

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3 years ago

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Jon's closet has 3 black shirts, 8 blue shirts, 6 black pants and 7 blue pants. He wants to determine the probability of selecti

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Answer:

Jon did determine the probability correctly.

Step-by-step explanation:

In Jon's closet, there are a total of 24 clothes. Among those pieces of clothing, there are a total of 9 out of 24 clothes that are black. There are also 11 shirts out of 24 clothes.

When a probability has OR in it, it means to add.

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3 years ago

3q+4+9=-14 what is Q

BlackZzzverrR [31]

Hi! Your answer is q = -9

Please see an explanation for a better and clear understanding to your problem.

Any questions about my answer and explanation can be asked through comments! :)

Step-by-step explanation:

Since we want to solve for q-term. That means we are going to isolate q-term.

$\huge{3q+4+9=-14}$

We can add 4 and 9 together.

$\huge{3q+13=-14}$

Because we want to know the value of q. That means we have to isolate q-term by subtracting both sides by 13.

$\huge{3q+13-13=-14-13}\\\huge{3q=-27}$

We are reaching to the final step where we divide the whole equation by 3.

$\huge{\frac{3q}{3}=-\frac{27}{3}}\\\huge{q=-9}$

Finally, the solution for this equation is q = -9. But what if you are not certain or sure about the answer? Let's check it out!

To check the answer, simply substitute q = -9 in the equation.

$\huge{3q+4+9=-14}\\\huge{3(-9)+13=-14}\\\huge{-27+13=-14}\\\huge{-14=-14}$

Notice that the equation is true for q = -9. Hence, we can conclude that the solution for this equation is q = -9.

Hope this helps!

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3 years ago