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
aliina [53]
3 years ago
12

If $500 were deposited into an account paying 5% interest, compound monthly, how much would be in the account in 4 years?

Mathematics
1 answer:
sashaice [31]3 years ago
4 0

Answer:

610.48

Step-by-step explanation:

The formula for compound interest is

A = P(1+r/n) ^nt  where

A is the amount in the account

P is the principle

r is the interest rate

n is the number of times the interest is compounded per year

t is the time in years

A = 500(1+.05/12) ^12*4

A = 500(1+.0041666666) ^48

A = 500(1.0041666666) ^48

A = 500*1.220895355

A =610.4476775

Rounding to the nearest cent

A = 610.48

You might be interested in
The quotient of x and 3
ddd [48]
The quotient of x and three is 3/x. quotient is a division term and when the dividend is divided by the divisor, the result is a quotient.
8 0
3 years ago
Help me help me 10 points
Shtirlitz [24]

Answer:

arc BC = 84 degrees

Step-by-step explanation:

notice:

need to find n  before finding arc BC

(13n -16) + (7n + 12) + 6n = 360

13n + 7n + 6n  - 16 + 12  = 360

26n  - 4 = 360

26n = 364

n = 364/26  = 14

so arc BC = 6*14 = 84 degrees

3 0
3 years ago
Given a segment with endpoints A and B, What figure can you construct using the steps below?
RoseWind [281]
I believe the correct answer from the choices listed above is option A. Given a segment with endpoints A and B and the steps given above, the figure that you can construct would be a perpendicular bisector. <span>The </span>perpendicular bisector<span> of a line segment can be constructed using a compass by drawing circles centered at and with radius and connecting their two intersections.</span>
7 0
3 years ago
Read 2 more answers
Is 0.45 equal to 4/10
Gnesinka [82]
No, \frac{4}{10} equals to 0.4

So 0.4 equals to \frac{4}{10}
8 0
3 years ago
Read 2 more answers
Write in the product of 2 factors ab-ac
kicyunya [14]
Ab + ac

you get:
a(b + c)
6 0
3 years ago
Other questions:
  • A family is purchasing 17 tickets for a downtown walking tour. Adult tickets are $10, child tickets are $7, and senior tickets a
    9·1 answer
  • Solve. show your work<br><br>373 × 25​
    5·1 answer
  • 5 days equals how many hours? ​
    10·2 answers
  • Please help me out!!!!!
    7·1 answer
  • Suppose Cotangent (theta) = StartFraction 5 Over 12 EndFraction, where Pi less-than theta less-than StartFraction 3 pi Over 2 En
    6·1 answer
  • 1. Select all the expressions that are equivalent to 4 - x.
    7·1 answer
  • Find the intersection point between the lines of equations:<br><br>x+y-2=0 and 3x-y+4=0 ​
    14·1 answer
  • PLS HELPPP
    9·1 answer
  • Give another name for angle three<br><br> Angle DEG<br> Angle DGE<br> Angle FDG<br> Angle EDG
    7·1 answer
  • 4. What are the coordinates of the x-intercept for the equation y= -1x + 3?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!