Ask question

Ask question

All categories

2 years ago

9

A savings account with an initial deposit of $10,000 has an annual interest rate of 3.2%. The interest on the account is compoun

ded monthly. What is the
balance of the account, to the nearest cent, after 6 years?

1 answer:

makkiz [27]2 years ago

7 0

Answer:

account balance will be $12113.9 and the interest is $2113.9.

You might be interested in

Plz help i will give brainiest <br> Graph the arithmetic sequence -1,-3,-5,-7,

Aliun [14]

Answer:

going up by 2 numbers

Step-by-step explanation:

8 0

2 years ago

Read 2 more answers

What is 7-(-19)-18(-19)+18

riadik2000 [5.3K]

Answer:

386

Step-by-step explanation:

8 0

2 years ago

In 2009, a town's population was about 9,000 residents. In 2014, the population was about 12,500 residents. Which linear model r

NeX [460]

Answer:

Population function (Based on 2007) = 7,600 + 700n

Step-by-step explanation:

Given:

Population in 2009 = 9,000

Population in 2014 = 12,500

Computation:

Increase in population per year = [12,500 - 9,000] / 5

Increase in population per year = 700

Population in 2007 = 9,000 - [2 x 700]

Population in 2007 = 7,600

Population function (Based on 2007) = 7,600 + 700n

n = number of year

6 0

2 years ago

Read 2 more answers

A bicycle wheel has a radius of 13 inches.

Dovator [93]

The distance traveled in 1 roation is assumed to be the circumferece

c=2pir
in 13 rotations

13 times 2pir=26pir=distance traveled for 13 revolutions

r=13
d=26pi13
d=338pi
using 3.14 for pi
d=1061.32 inches

6 0

3 years ago

Clarice Sloan is a shift supervisor for Ace

Igoryamba

The net pay is the amount left after taxes and deductions have been removed from the gross pay.

Her monthly gross pay is: $4111.93

The deductions are:

$\mathbf{FIT = \$102}$

$\mathbf{SIT = 3.2\%}$

$\mathbf{CIT = 1.8\%}$

Let her gross pay be x.

So, we have:

$\mathbf{Net = x - FIT - x \times SIT - x \times CIT}$

So, we have:

$\mathbf{3804.33 = x - 102 - x \times 3.2\%- x \times 1.8\%}$

Express percentage as decimals

$\mathbf{3804.33 = x - 102 - x \times 0.032- x \times 0.018}$

$\mathbf{3804.33 = x - 102 - 0.032x - 0.018x}$

Add 102 to both sides

$\mathbf{3906.33 = x - 0.032x - 0.018x}$

$\mathbf{3906.33 = 0.95x}$

Divide both sides by 0.95

$\mathbf{4111.93 = x}$

Rewrite as:

$\mathbf{x = 4111.93 }$

Hence, her monthly gross pay is: $4111.93

Read more about gross and net pay at:

brainly.com/question/8952173

4 0

2 years ago