3 years ago

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

Mathematics

1 answer:

Rom4ik [11]3 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 represents the solution(s) of the system of equations, y = x2 – x + 1 and y = x? Determine the solution set by graphing.

natali 33 [55]

Hello,

sol={(1,1)}

Answer A

7 0

3 years ago

Read 2 more answers

What is the equation to the quadratic function that has zeros at -6 and 16?

ollegr [7]

Answer:

x^2 -10x -96 =0

Step-by-step explanation:

Subtract the zeros from x in factors

(x - -6) (x-16)

(x+6) (x-16)

Set these equal to zero since they are zeros

(x+6) (x-16) =0

FOIL

x^2 -16x+6x -96 =0

x^2 -10x -96 =0

7 0

3 years ago

Find the percent incease or decrease: From 32 points to 46 points There was a increase

Oksi-84 [34.3K]

Answer:

2:9-1234:9=12398+1276

6 0

3 years ago

Can you construct a triangle that has side lengths 2 yd, 9 yd, and 10 yd?

yan [13]

Yes

The rule to check if a triplet of numbers can represent the sides of a triangle is the following: the sum of the length of two sides must exceed the third one.

This happens for all possible couples in your case:

$2+9=11>10$

$2+10=12>9$

$9+10=19>2$

3 0

3 years ago

Help me with this problem

nikitadnepr [17]

Answer:

A)SAS

Step-by-step explanation:

8 0

3 years ago