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
malfutka [58]
2 years ago
9

if $100 is deposited in an account each month for 10 years and the account earns 7% compounded monthly; how much will be in the

account after the last deposit is made?
Mathematics
1 answer:
dsp732 years ago
8 0
The compound formula is 
A = P(1+ r/n)^nt
Where A is the final amount
P is the principal (initial/starting amount)
R is the rate of interest
N is the number of times per year that the interest is compounded,
T is the time in years.

Plug each value into the equation, so you should get
A = 100(1+0.07/12)^(12)(10)

Simplify that. The answer should be...
...
...
A = $200.97
will be in the account after the last deposit is made. 
You might be interested in
Enter the product. Use expanded form to help.<br> 5 X 64<br> =
Oksana_A [137]

Answer:

hi

Step-by-step explanation:

3 0
2 years ago
Read 2 more answers
Jack bought a pair of pants and a shirt for $56. If the price of a shirt is two-fifth of the price of a pair of pants, then what
Juliette [100K]

Answer:

Fraction: 22 2/5  

Decimal: $22.4

Step-by-step explanation:

2/5 x 56

6 0
3 years ago
Read 2 more answers
A plant grows 3 centimeters in 10 days. How much does it grow per day? How can I answer my question as a fraction in simplest fo
KiRa [710]
It grows .3 cm per day
7 0
3 years ago
While playing volleyball, Ralph drank 3/4 of a jug of water. If the jug held 64 fluid ounces of water, how much water did Ralph
arsen [322]

Answer:

48

Step-by-step explanation:

no explanation im just big brain

7 0
3 years ago
The diameter of a circle is 22 miles. What is the circle's area?
Elodia [21]
Answer:
379.94

Explanation :
check out my attached work
Hope it helps, let me know if you have any questions !
Have a nice rest of your day :)

4 0
2 years ago
Read 2 more answers
Other questions:
  • 4 - 2x = 10 plz solve
    7·1 answer
  • Pablo folds a straw into a triangle with side lengths of 4x2 – 3 inches, 4x2 – 2 inches, and 4x2 – 1 inches. The perimeter of th
    9·2 answers
  • Can someone help me with number 33 please
    14·1 answer
  • What is 49 divided by 81 squared
    13·1 answer
  • P(A) = 0.50 P(B)= 0.80 P(A and B) = 0.20 . what is P(B\A)?
    10·2 answers
  • A two column table with 5 rows. The first column, x, has the entries, negative 3, negative 1, 1, 3. The second column, y, has th
    9·2 answers
  • During a read-a-thon John reads for 125 minutes and Dakota reads for 89 minutes. Their friend Will plans to read for more minute
    5·1 answer
  • Ahmad has a bag of 120 marbles. The red marbles, yellow marbles, and green marbles are in the ratio 2:3:7. How many red, yellow,
    8·1 answer
  • Solve the system by substitution. <br><br><br><br>9y - 6 = x <br>2x - 8y = 18​
    14·1 answer
  • Round to the nearest thousand. Use the number line to model your thinking. 32,879
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!