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
SCORPION-xisa [38]
3 years ago
14

You deposit $3000 into a bank account that pays 1.25% annual interest, compounded semi-annually. What is the final balance after

4 years
Mathematics
1 answer:
mojhsa [17]3 years ago
8 0

Answer:

$3,153.32

Step-by-step explanation:

Given that

The deposited amount is $3,000

The annual interest rate is 1.25%

So, the semi-annual interest rate is 1.25% ÷2  = 0.625%

And, the time period = 4 × 2 = 8

We need to find out the final balance

So,

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $3,000 × (1 + 0.625%)^8

= $3,153.32

You might be interested in
A bag contains two red marbles, four green ones, one lavender one, four yellows, and six orange marbles. HINT [See Example 7.] H
Rama09 [41]

Answer:

192

Step-by-step explanation:

There are a total of 15 marbles . When the lavender is left out 14 remain.

Using combinations we find that each of the four color marbles can be chosen in the following way.

2C1*4C1*4C1*6C1= 2*4*4*6=  192

We select  one of the two red marbles , one of the four green marbles, one of the four yellow marbles, one of the 6 orange marbles leaving the lavender out.. We apply combinations and then multiply to get the answer.

6 0
3 years ago
Two printers working together can complete a job in 6 hours. Working alone, one
timama [110]

Answer:

Press A takes 10 hours to do a certain job. So Press A does (1/10)th of the job in an hour.

Press A and Press B, together do (1/2.5) or (4/10)th of the job in an hour.

So Press B does (4/10)-(1/10) = (3/10)th of the job in an hour. So Press B can do the job in (10/3) hours or 3 hour and 20 mins.

Check: A does (1/10)th and B does (3/10)th part of the job in an hour. A and B together will take (1/10)+(3/10) = 4/10th of the job in an hour. So they will complete the job in 10/4 = 2.5 hours. Correct.

Answer: Press B can do the job in 3 hour and 20 mins.

Step-by-step explanation:

6 0
3 years ago
The scale of a map is 5 inch = 40 miles. If 2 cities are 15 inches apart on the map, how
galben [10]

Answer:

120 miles from border to border cause if we consider the mile zero then it depends what's the areal of a city

4 0
3 years ago
Read 2 more answers
What is the next to numbers In the pattern 4.15,6.3,8.45
olganol [36]

Answer:

9.54

Step-by-step explanation:

3 0
2 years ago
Read 2 more answers
Which expression is equivalent to 1/2(2n+6 ​
Sati [7]

Answer:

n+3

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Cristina financed a $799 laptop with a 7.2% interest rate on a 2-year loan. If she can afford to make a $75 payment, how quickly
    11·1 answer
  • The area of the triangle is 17.7 Square units and it’s base is 4 what is the height of the triangle
    10·1 answer
  • How many ounces are equivalent to 25 pounds?
    13·2 answers
  • How do i use permutation on 5P3?
    13·1 answer
  • Steven wakes up at 5:20. It takes him 3/4 of an hour to shower,get dressed,and comb his hair. It takes him 1/2 hour to eat break
    11·2 answers
  • Answer for this question
    6·2 answers
  • Expression A: 4x + 5 Expression B: 2 + 4x + 3 Which statement can be used to show that these expressions are equivalent?
    11·1 answer
  • Can someone please help me i dont understand this at all and no one in my family knows this stuff
    15·2 answers
  • There is a 50% chance that a volleyball team will win any one of its four remaining games this year.
    11·1 answer
  • Points​ P, Q,​ R, and S are collinear. Point Q is between P and​ R, R is between Q and​ S, and PQ is approximently = to RS . If
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!