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
Valentin [98]
2 years ago
15

If you deposit 4500 in an account paying 3.2% interest continually home much will the account balance be after 1.5 year

Mathematics
1 answer:
Vikentia [17]2 years ago
5 0

Answer:

We conclude that the total amount accrued, principal plus interest,  from compound interest on an original principal of  $4,500.00 at a rate of 3.2% per year  compounded continuously  over 1.5 years is $4,721.27.

Step-by-step explanation:

Given

  • Principle P = 4500 (Let say in $)
  • Interest rate r = 3.2% = 0.032
  • Time period t = 1.5 years

To determine

Accrue Amount A = ?

Using the formula

A\:=\:Pe^{rt}

substitute r = 0.032, P = 4500, and t = 1.5

A\:=\:4,500.00\left(2.71828\right)^{\left(0.032\right)\left(1.5\right)}

A = $ 4721.27

Therefore, we conclude that the total amount accrued, principal plus interest,  from compound interest on an original principal of  $4,500.00 at a rate of 3.2% per year  compounded continuously  over 1.5 years is $4,721.27.

You might be interested in
Jim has a membership to a comic book club. He pays $9.00 per month for membership and $2.50 for each comic book he purchases. Wh
tamaranim1 [39]
The answer is C) the slope is 2.50  and the y-intercept is 9, assuming the question refers to the parameters of his monthly cost.

His cost function could be described as y= 2.5x + 9, where x is the number of comic books he purchases. If he buys no comic books, he still has to pay the $9 membership fee. 
8 0
3 years ago
What is the proportion of 2/5 = 8/x
natali 33 [55]
To find is out put it like this 2   8
                                          5    x
you multiple so 2 times what eduals 8 then you take that and multiply by 5
4 0
3 years ago
If 7y + 42 <14 then which among the following is true​
lutik1710 [3]

Answer:

y

Step-by-step explanation:

Given

7y + 42

Required

Determine the true statement

<em>Options are not given; but, the question can still be attempted.</em>

<em></em>7y + 42<em></em>

<em></em>

Collect Like Terms

7y < 14 -42

7y < -28

Divide through by 7

\frac{7y}{7} < -\frac{28}{7}

<em></em>y<em> -- This is true</em>

5 0
2 years ago
In which set(s) of numbers would you find the number 0?
Harlamova29_29 [7]
Apparently it’s all of them
3 0
2 years ago
pls help me,, the length of a rectangle is four less than the width. if the area is 32 ft^2, find the width and length. ​
Ksju [112]

Answer:

width is 8 length is 4

Step-by-step explanation:

4*8 is 32

8-4=4

4 0
2 years ago
Other questions:
  • Sierra is selling bracelets to raise money for the Language Club at school. Each bracelet with yellow beads sells for $5. Each b
    10·1 answer
  • What is 18+ (8+4-9)= Please show step by step
    15·2 answers
  • Dilation of 4 n (0,0) k(1, 1) I (1, 0)
    14·1 answer
  • Mario and Luigi are brothers.marios age is three times the difference between Luigis age and the number 9.if Mario is 18 years o
    12·1 answer
  • Ur answer will be marked as brainliest
    8·1 answer
  • Figure ABCD is reflected across the x-axis. What are the coordinates of A' , B' , C' , and D' ? Enter your answer by filling in
    7·2 answers
  • Solve for w. -3( -7w+4) - 7w=2(w-3)-3
    12·1 answer
  • I AM GIVING OUT BRAINIIEST
    15·1 answer
  • LA and B are complementary angles. If m ZA = (6x +29) and m
    8·1 answer
  • Don't mind the answer i picked i accidently clicked it
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!