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
SOVA2 [1]
3 years ago
10

How much would $300 invested at 4% interest compounded monthly be

Mathematics
1 answer:
Anna11 [10]3 years ago
8 0

Answer:

$412.92

Step-by-step explanation:

You are going to want to use the compound interest formula, which is shown below.

A=P(1+\frac{r}{n} )^{nt}

<em>P = initial balance </em>

<em>r = interest rate </em>

<em>n = number of times compounded annually </em>

<em>t = time </em>

<em />

The first step is to change 4% into its decimal form:

4% -> \frac{4}{100} -> 0.04

Now plug in the values:

A=300(1+\frac{0.04}{12})^{(12)8}

A=412.92

It would  be worth $412.92

You might be interested in
WILL GIVE BRAINLIEST IF CORRECT! I'm timed plz Help
lesantik [10]

Answer:

C. q Superscript 12

Step-by-step explanation:

q  \: Superscript \:  12 =  {q}^{12} =   { ({q}^{6})}^{2}  \\

4 0
2 years ago
Read 2 more answers
I need HELP!!!!!!! plz help me!!!
Bogdan [553]

Answer:

there is nothing on here

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Which theorem would you use to prove ABE ~ DCE?
Pachacha [2.7K]
Answer: Choice C) AA similarity

------------------------------------------------------------------------------
------------------------------------------------------------------------------

We are given that angle ABE = angle ECD since they are both right angles (square marker)

Angle AEB = angle CED as they are vertical angles

we have two pairs of congruent angles, leading us to be able to use the AA (angle angle) similarity theorem
3 0
3 years ago
Increase £110 by 10%
UNO [17]

Answer:

121

Step-by-step explanation:

  1. Find 10% of 110: \frac{10}{100} × \frac{110}{1} = \frac{11}{1} = 11  
  2. Increase means add: 110 + 11 = 121
8 0
3 years ago
Read 2 more answers
All the factors of 21
ycow [4]
The factors of 21 are 1, 3, 7, and 21
3 0
3 years ago
Read 2 more answers
Other questions:
  • A ferris wheel goes around once every 20 seconds . How many times will a rider be ag thetop during an 8-minuteride?
    15·1 answer
  • A tank contains 60 lb of salt dissolved in 400 gallons of water. A brine solution is pumped into the tank at a rate of 4 gal/min
    9·1 answer
  • Given that Line segment B C is parallel to line segment E F which theorem or postulate proves ΔBCD =ΔFED
    12·1 answer
  • Express 79.2% as a decimal. <br> A. 7.92 <br> B. 79 <br> C. .0792 <br> D. .792
    6·2 answers
  • What is 36 times 34 times pi?
    10·1 answer
  • In the figure, ray OB bisects ∠TOY.
    9·1 answer
  • -2x +4=8x-6 equations/inequalities
    15·2 answers
  • What is 5x8 + (10+9)
    14·2 answers
  • There are 5 boys and 10 girls in the glee club. Which ratio represents the number of boys in the club to the total number of stu
    11·2 answers
  • What is 0.25 to the nearest whole number
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!