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
mr Goodwill [35]
3 years ago
14

Jim invests $1240 at a 3.6 interest rate in an account that is compounded quarterly. What is the value of the account after 6 ye

ars
Mathematics
1 answer:
Goryan [66]3 years ago
8 0

Answer:

$1507.84

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 3.6%/100 = 0.036 per year,

then, solving our equation

I = 1240 × 0.036 × 6 = 267.84

I = $ 267.84

The simple interest accumulated

on a principal of $ 1,240.00

at a rate of 3.6% per year

for 6 years is $ 267.84.

You might be interested in
A rectangular prism has a length of 10 in., a width of 2 in., and a height of 3 1/2 in. The prism is filled with cubes that have
zalisa [80]

Answer:

2.5

Step-by-step explanation:

4 0
2 years ago
Read 2 more answers
How do you write 8.08 × 104 in standard form?
Goryan [66]

Answer:

840.32

Step-by-step explanation:

8 0
3 years ago
How can I divide greater numbers using a standard procedure
cricket20 [7]
Use a decimal point.
8 0
4 years ago
Read 2 more answers
1. Taking your eyes off the road for ____ seconds at 60 miles per hour means you have traveled blindly for half the length of a
MrRa [10]

Answer:

4.09 seconds

Step-by-step explanation:

simplify miles per hour to feet per second how many feet is a mile and how many seconds are in an hour you end up with 88 fps from 60 mph

now simply a football field is 360 feet so 360/88 is 4.09090909 etc

4 0
2 years ago
the length of a rectangle is 2 inches less than twice its width if the perimeter of the rectangle is 74 inches ,area of the rect
Inessa05 [86]


6w - 4 = 74
6w = 78
w = 13
l = 24
a = 312
7 0
4 years ago
Other questions:
  • A library just hired ayesha to write reviews on different books. The job requires ayesha to read 3 books/week. If ayesha reads a
    7·1 answer
  • The area of a trapezoid is 69.6 in2 and its altitude is 8.7 in. Find the perimeter of the trapezoid if the sum of its legs is eq
    5·2 answers
  • [99 Points] Please help!
    13·2 answers
  • The number line shows four points. Which point represents the approximate location of
    11·2 answers
  • Simplify 5a^7+(-4a7)
    8·1 answer
  • 216016 divided by 368
    12·2 answers
  • Each day at the bakery, Jack bakes cakes and helps out at the counter. Estimate the number of hours Jack works to bake 3 cakes.
    10·2 answers
  • Pls I need help I’ll give you brainliest
    11·1 answer
  • Verbal expression of 4p-10
    10·2 answers
  • Study the diagram of circle O.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!