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Bumek [7]
4 years ago
9

you decided to save $100 at the end of each month for a year and deposit it in a bank account that earns an annual interest rate

of 0.3%, compounded monthly. Use the formula for an annuity, F, to determine how much money will be in the account at the end of the 6th month, rounding your answer to the nearest penny.
Mathematics
1 answer:
Paul [167]4 years ago
4 0

Answer:

1.8

Step-by-step explanation:

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You deposit $100 in an account earning 4% interest compounded annually. How much will you have in the account in 10 years? Round
rosijanka [135]

Answer:

$148.02

Step-by-step explanation:

In the question

Principal = $100, rate(R) = 4% compounded annually, time(T)= 10 years

we know that the formula for compound interest

A=P\times_(1+\frac{R}{100} )^{T}   where A is amount

now putting values in the above formula we get

A=100\times_(1+\frac{4}{100} )^{10}

therefore A= $148.024428

rounding off to the nearest penny we get amount as $148.02 and compound interest will be $48.02

5 0
3 years ago
The average diameter of sand dollars on a certain island is 5.00 centimeters with a standard deviation of 0.90 centimeters. If 1
Montano1993 [528]

Answer:

the probability that the average diameter of those sand dollars is more than 4.73 centimeters is 0.5910

Step-by-step explanation:

Given information:

mean, x = 5

standard deviation, σ = 0.9

number of sample, n = 16

now we calculate the probability that the average diameter of those sand dollars is more than 4.73 centimeters.

P(x>4.73)  = P (z > (4.73 - x) / (σ \sqrt{n})

                = P (z > (4.73 - 4) / (0.9 \sqrt{16})

                = P (z > 0.203)

                = 0.5910

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3 years ago
Find the volume of the cylinder.
Amanda [17]
The first one A) :)))))))
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3 years ago
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miskamm [114]
Answer: C
The x row goes up every time by two and the y decreases by 4.
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4 0
3 years ago
Greenville County, South Carolina, has 461,299 adult residents, of which 59,969 are 65 years or older. A survey wants to contact
Salsk061 [2.6K]

The proportion would be the number of the sample (x) over the population size (n)

Here we have x = 59,969 and n= 461,299

P = x/n = 59969/461299

P = 0.13

5 0
3 years ago
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