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frez [133]
3 years ago
5

Kira received a $1600 bonus. She decided to invest it in a 3-year certificate of deposit (CD) with an annual interest rate of 1.

36% compounded annually.
Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.

1.) assuming no withdrawals are made, how much money is in Kira's account after
3 years?

2.) How much interest is earned on Kira's investment after 3 years?
Mathematics
1 answer:
erma4kov [3.2K]3 years ago
5 0

Answer:

1. $1666.17

2. $666.17

Step-by-step explanation:

The bonus of $1600 that Kira gets is invested for 3 years at an annual interest of 1.36% compounded annually.

Therefore, after 3 years Kira will have in her account  

1600(1+\frac{1.36}{100} )^{3} =1600(1.0136)^{3}= 1666.17 dollars (Answer)

Therefore, the amount of interest earned by Kira's investment after 3 years will be  

$( 1666.17 - 1600 ) = $666.17 ( Answer )

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Pavel [41]

The diameter of the semicircle is 16 feet.

He calculates that he needs to buy abut 25.12 feet of fencing.

To find amount of fencing we find the circumference of semicircle

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Where d is the diameter of the circle

d= 16 given and value of pi is 3.14

Circumference of semicircle = \frac{1}{2}*3.14*16+16

=25.12 + 16 = 41.12 feet

Scott's calculation was wrong because he forgot to add the diameter d

Circumference of circle  is half way of circle plus the diameter of circle.

Correct amount of fencing = 41.12 feet



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monitta
The Formula to find the Area of a circle using the radius is:
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Answer:

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Step-by-step explanion

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