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
GREYUIT [131]
2 years ago
9

Phineas puts $600 into a certificate of deposit that earns 3.09%. If the money is

Mathematics
1 answer:
Rom4ik [11]2 years ago
5 0

Answer:

$678.83

Step-by-step explanation:

Given :

Principal, P = $600

Rate = 3.09% = 0.0309

Period, t = 4 years

Compounding times per period, n = 12 (monthly)

The compound interest formula :

A = P(1 + r/n)^nt

A = 600(1 + 0.0309/12)^(12*4)

A = 600(1 + 0.002575)^48

A = 600(1.002575)^48

A = 600 * 1.1313834

A = 678.83004

Worth in 4 years = $678.83

You might be interested in
Which relation is a function? A. X -14,-9-1,4,6 Y 6,2,-3,2,4 B. X -2,1,9,9,15 Y -3,-3,0,-8,12 C. X -4,6,6,7,9 Y -1,-3,-1,15,1 D.
Butoxors [25]
❅☃ To find a function you need to look at the x values, if one of the same x value is repeated more then once, it is considered a non function.
❅☃ Option A:
-14
-9
-1
4
6
As you can see no repeated values.
Therefore A is already our function but lets look at the others just in case. 
❅☃ Option B
-2
1
9
9
15
9 was repeated therefore it is a non function.
❅☃ Option C
-4
6
6
7
9
6 was again repeated. Non function.
❅☃ And lastly, D.
-16
-11
10
10
16
10 was reapted. Non function.
❅☃ Your answer is A
8 0
3 years ago
Can anyone help me out? I’ll give Brainly! Thank you :)
Oliga [24]

Answer:

The rate of return is 14%

Step-by-step explanation:

The rate of return can be determined by,

RR = \frac{A_{f} - A_{i}  }{A_{i} } x 100%

where:

RR is the rate of return

A_f} is the final amount = $690 -  $6 = $684

A_{i} is the initial amount = $15 x 40 = $ 600

So that,

RR = \frac{684 - 600}{600} x 100%

     = 0.14 x 100%

     = 14%

Therefore, the rate of return is 14%.

7 0
3 years ago
The Regency Hotel has enough space at its entrance for six taxicabs to line up, wait for guests, and then load passengers. Cabs
maksim [4K]

Answer:

The appropriate solution is:

(1) 22.81 minutes

(2) 0.171

Step-by-step explanation:

According to the question, the values will be:

The service rate of guess will be:

= 5+3.5

= 8.5 \ minutes

The mean arrival rate will be:

\lambda =\frac{60}{5}

  =7.5 \ cabs/hr

The mean service rate will be:

\mu= 7.05 \ cabs/hr

(1)

The average time a cab must wait will be:

⇒ W_q=22.95-\frac{1}{7.05}

⇒       =\frac{161.798-1}{7.05}

⇒       =\frac{160.798}{7.05}

⇒       =22.81 \ minutes

(2)

The required probability will be:

⇒ P(X\geq 6)=\frac{1-2.115}{1-7.5}

⇒                  =\frac{-1.1115}{-6.5}

⇒                  =0.171

6 0
2 years ago
The slope of the line represents the unit rate true or false
Georgia [21]

True. For example, if you pay $1 for every 5 apples the slope would either be 1/5 or 5/1 depending on if the number of apples represents x or y.

8 0
3 years ago
Twice x, plus 4, is the same as -6.
BARSIC [14]
Start by writing what is said:
2x + 4 = -6
From there just solve for x:

Subtract 4 from both sides
2x + 4 - 4 = -6 - 4
2x = -10

Divide by 2 to get x by itself
2x/2 = -10/2
x = -5
6 0
3 years ago
Read 2 more answers
Other questions:
  • (X^3)^3 = x^n <br> Solve for n
    7·1 answer
  • Is a product of two positive decimals, each less than 1, always less than each of the original decimals?
    10·1 answer
  • Consider the functions f(x) = x^2 -1 and g(x) = 3x+1. Find the value of f(4) and g(4)
    13·1 answer
  • PLEASE HELP Write the function for the graph
    7·2 answers
  • If A and B are complementary angles and A = (8x+20), B = (7x-5) find A
    9·1 answer
  • An adult elephant eats about 300 pounds of food each day. Write an expression to represent the number of pounds of food a herd o
    9·2 answers
  • How do I solve this? ( explanation with answer)
    7·2 answers
  • Not too sure how to do this equation its on the attached file
    7·1 answer
  • Heya ~
    13·2 answers
  • What is an expression that is equivalent to 6(7x-x)
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!