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Black_prince [1.1K]
3 years ago
5

Monica opens a savings account with an initial deposit of $500. She earns 3.6% compound interest each quarter. How much would th

e final balance of the savings account be after 5 years if Monica makes quarterly deposits of $50? Use an online calculator, then round your answer to the nearest whole number.
Mathematics
1 answer:
ExtremeBDS [4]3 years ago
7 0

Answer:

P =500, r = 0.036, t = 5 , n=4

n=4 because we have a quarterly rate

After replace the values given we got:

A =500 (1+\frac{0.036}{4})^{4*5} = 598.127

If we round this answer to the nearest number we got approximately $598 after 5 years.

Step-by-step explanation:

For this case we can ue the compund interest formula for the future value given by:

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

Where P represent the initial amount , t the number of years and r the rate of interest on fraction. The value of n represent the number of times that the interest rate is compound in a year

For our case we have:

P =500, r = 0.036, t = 5 , n=4

n=4 because we have a quarterly rate

After replace the values given we got:

A =500 (1+\frac{0.036}{4})^{4*5} = 598.127

If we round this answer to the nearest number we got approximately $598 after 5 years.

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Answer:

(m^{4} + 5) - n^{3} = 85

Step-by-step explanation:

(m^{4} + 5) - n^{3} given m = - 2, and n = -4

Substitute the given values into the polynomial expression:

(m^{4} + 5) - n^{3}

[(-2)^{4} + 5] - (-4)^{3}

= (16 + 5) - (-64)

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Therefore, the correct answer is 85.

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2 years ago
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Joe has 2/10 of a dollar. Ashley has 20/100 of a dollar. Billy has 3/100 of a dollar. Together, what fraction of a dollar do the
Vinvika [58]

Answer:

they have 43/100 or 43% out of 100

Step-by-step explanation:

Because joe has 2/10| 2/10=20% or 2

Joe=20

Ashley also has the same thing as joe so 20.

Ashley=20

Billy has 3/100 that = 3 so what's 20+20+3=43 and there's your answer.

Have a great day:)

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Between what two numbers would 9 be located on a number line?
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The permutation shows that when one has been cast yet, the different ways that are there to cast Fantine from the 28 women is 28.

<h3>How to calculate the value?</h3>

The different ways that are there to cast Fantine from the 28 women will be:

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When Fantine has already been cast, the number of ways that are there to cast adult Cosette from the remaining women will be:

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