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
joja [24]
2 years ago
9

Question 1

Mathematics
1 answer:
Flauer [41]2 years ago
5 0

Answer:

<em>Correct choice: b. $1221.00</em>

Step-by-step explanation:

<u>Compound Interest</u>

It occurs when the interest is reinvested on each compounding period. When it happens interest in the next period is then earned on the principal sum plus previously accumulated interest.

The formula is:

{\displaystyle A=P\left(1+{\frac {r}{n}}\right)^{nt}}

Where:

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

The initial deposit on a savings account is P = $1000. The account provides an annual rate of r = 4% = 0.04 compounded monthly. The value of n is 12 since there are 12 months in a year. The money is left in the account for t=5 years. Substituting the values:

{\displaystyle A=\$1000\left(1+{\frac {0.04}{12}}\right)^{12*5}}

{\displaystyle A=\$1000\left(1.00333}\right)^{60}}

A = $1221

Correct choice: b. $1221.00

You might be interested in
Pls help I really need this help I’ll try to give extra points
kicyunya [14]

Answer:

c

Step-by-step explanation:

I GOT THE POWER OF GOD AND ANIME ON MY SIDE

3 0
2 years ago
ABCD is a trapezium in which AB parallel DC ,DC=30cm and AB=50cm .If X and Y are respectively the mid point of AD and BC then pr
Ratling [72]
I have attached the answer. Hope it helps.
Download pdf
3 0
2 years ago
Once I lower the points because I'm going broke and won't be able to ask any questions , NOBODY ANSWERS.
Georgia [21]

Answer:

uh just answer a question

Step-by-step explanation:

8 0
2 years ago
The height of a tree was 12 feet. after a year, the tree's height increased 25%. what is the height of the tree after a year
g100num [7]
15ft because 12x.25=3 so 3ft is 25% of the 12ft, add the 3+12=15
6 0
2 years ago
Plz plz plz will give bianleast plz hlpe
tester [92]
60, 60 and 60 degrees

There are two criteria: the angles have to all be equal and they have to add up to 180 degrees. This answer satisfies both criteria.
7 0
3 years ago
Read 2 more answers
Other questions:
  • What is 400 divided by 1 million
    8·2 answers
  • How can you remember the difference between supplementary and complementary angles
    9·1 answer
  • Robin is making bows to sell at her mothers yard sale. She will use 3/4 foot of red ribbon and 2/3 foot of blue ribbon. What is
    13·1 answer
  • Suppose you have 15$ coupon that can be used on any purchase over 100$ at your favorite clothing store . The discounted price of
    5·2 answers
  • Y = -5x<br> y = x-6<br> What is the answer
    6·1 answer
  • There are 10 years in 1 decade.
    15·2 answers
  • 7. Mrs. Golden pulls names from the jar to determine who will be the class leader. There are 13
    12·1 answer
  • GIVING OUT BRAINLIEST TO WHOEVER GETS ALL OF THEM RIGHT
    10·1 answer
  • 100 CD’s cost $16.67. How much does one CD cost? Round to the nearest cent.
    9·1 answer
  • Evaluate the expression for x = 3 and y = 6.<br><br> 5(x2 + y) + y2
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!