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
Liono4ka [1.6K]
3 years ago
7

Walter's savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?

Mathematics
1 answer:
rodikova [14]3 years ago
6 0
Given:
Principal = $273
Interest rate = 5% compounded quarterly
time = 5 years

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

A = amount of money accumulated plus interest
P = principal
r = interest rate (in decimal form)
n = number of times the interest is compounded per year
t = total number of years the amount is deposited

A = $273 (1 + 0.05/4)⁴*⁵
A = $273 (1 + 0.0125)²⁰
A = $273 (1.0125)²⁰
A = $273 * 1.2820
A = $349.99

$349.99 - 273 = $76.99

The compounded interest amounts to $76.99
You might be interested in
What is the value of the expression below when y=10? 5y+3
trasher [3.6K]
I think it is 53 that’s what i would put if i were u
7 0
2 years ago
Someone please help im stuck
BARSIC [14]
The answer is b, -11.
plug in 3 as the input and solve.
4 0
3 years ago
Can someone help me please
Radda [10]

B is correct, and D is correct.

that is the answer to that question. Ive already done this question before and I got it right everytime

4 0
3 years ago
Read 2 more answers
An observer on the ground is x meters from the base of the launch pad of a rocket, which is at the same level as the observer. A
Firlakuza [10]
This can be solved using trigonometric functions. The distance x serves as one leg of a triangle, and makes an angle q with the hypotenuse. The distance from the tip of the rocket to the ground make up the other leg of the triangle. So solving this:

tan q = y / x

Where: y = distance from the tip of the rocket to the ground

Therefore, y = x tan q

Among the choices, the correct answer is C.
5 0
3 years ago
Read 2 more answers
What is a better deal for check
blagie [28]

Answer: i dont get what u mean explain

Step-by-step explanation:

4 0
3 years ago
Other questions:
  • Which number in written in scientific notation? (BIG POINTS REWARD)
    14·1 answer
  • Write an equation to describe the cost of the number of kilowatt-hours of electricity from 1,001 to 1,500 answers
    11·1 answer
  • for each of the following find, if possible, a whole number that makes the equation true. a. 3+ z=12 b. 36 = 18 + 3 •Z
    14·1 answer
  • What is the distance between (-6, 4) and (-8, 6) ​
    10·2 answers
  • A tree is 58 inches tall. how tall is it in feet and inches
    11·1 answer
  • Simplest form for 10 sec 1 min
    9·1 answer
  • What assumption must be made about the sun rays if you use this method of determining the circumference of a large sphere?
    10·1 answer
  • Need help fast...
    6·1 answer
  • If you borrow money from a bank, you pay the bank __________________ . Why?
    5·1 answer
  • Problem: A pyramid of logs has 2 logs in the top row, 4 logs in the second row from the top, 6 logs in the third row from the to
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!