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
viva [34]
3 years ago
13

A bank representative studies compound interest, so she can better serve customers. She analyses what happens when $2,000 earns

interest several different ways at a rate of 2% for 3 years.
a. Find the interest if it is computed using simple interest
b. Find the interest if it is compounded annually.
c Find the interest if it is compounded semi-annually.
d. Find the interest if it is compounded quarterly e. Find the interest if it is compounded monthly.
f. Find the interest if it is compounded daily
g. Find the interest if it is compounded hourly. h. Find the interest if it is compounded every minute.
i. Find the interest if it is compounded continuously.
j. What is the difference in total interest if computed using simple interest or if compounded continuously?​
Mathematics
1 answer:
OlgaM077 [116]3 years ago
3 0

Answer:

Given that a bank representative studies compound interest, so she can better serve customers. She analyzes what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years.a) the interest if it is computed using simple interest. 12.00= dollarsb) the interest if it is compounded annually.= dollarsc) the interest if it is compounded semiannually=d) the interest if it is compounded quarterly.=e) the interest if it is compounded monthly.=

You might be interested in
Which represents the inverse of the function
77julia77 [94]
H(x) = 1/4x would be the inverse
3 0
3 years ago
My dad is 5ft8 my mom is 5ft5 how tall will I be when I grow up?
Ipatiy [6.2K]
I do not know jekejejejejrjriekeje
4 0
3 years ago
Read 2 more answers
As an estimation we are told £3 is €4.<br> Convert €52 to pounds.
kati45 [8]

Answer:

£69.33

Step-by-step explanation:

4/3=1.33333333333 so that 52*1.33333333333 would convert  52 euros into 52 pounds

7 0
4 years ago
13. A bakery is having a buy 4, get 1 free sale on cakes. This sale is eguivalent to what percentage off the regular price of al
exis [7]

Answer: 20

Step-by-step explanation:

3 0
3 years ago
While looking at some reports, a store manager notes that televisions that retail for $475 and up costing customers $513 once th
Mekhanik [1.2K]

The sales tax percentage of the store manager report is 7.41%

<h3>How to solve for the sales tax percentage</h3>

Customers are subject to a charge known as sales tax when they buy goods and services.

It is a pass-through tax, which means you must collect it from clients and send the money to your state or local government. the seller do not contribute sales tax.

The sales tax is first calculated by

= price after tax - price before tax

= 513 - 475

= 38

sales tax percentage is calculated using the formula

= (Tax amount / Price before tax) × 100%

= (38 / 513) * 100

= 7.4074

= 7.41%

Learn more about sales tax at:

brainly.com/question/20220356

#SPJ1

3 0
1 year ago
Other questions:
  • Can someone please answer. There is a picture. It is only one question. Thank you so much!
    14·2 answers
  • David and Rachel had a lemonade stand last weekend. On Saturday they earned $14, and on Sunday they earned $26. If they split th
    15·2 answers
  • The closing price (in dollars) per share of stock of tempco electronics on the tth day it was traded is approximated by p(t) = 2
    10·1 answer
  • What is the x-intercept of the line with the equation 1/2x + y= -15 ? Please help
    7·1 answer
  • Simplify: -8x +7-5-5x + 5x<br> A<br> - 8x + 2<br> B<br> -18x+12<br> -x-5<br> D<br> -X+12
    8·1 answer
  • "select all the numbers that are solutions to the equation x^3=27"
    8·1 answer
  • Find the slope of the line that passes through: (6, 16) and (2, -4).
    13·1 answer
  • PLEASE PLEASE TRANSLATING A SENTENCE INTO AN EQUATION
    14·2 answers
  • Denise has taken four math tests this semester and
    11·1 answer
  • In a volatile housing market, the overall value of a home can be modeled by V(x) - 325x? - 4600x + 145000, where V represents th
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!