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
soldi70 [24.7K]
3 years ago
8

Lainey puts $600 into a GIC for 5 years. The GIC pays 6.2% interest, compounded monthly. How much interest has she earned after

5 years?
Mathematics
1 answer:
Luden [163]3 years ago
4 0

Answer:

FV= $819.03

Step-by-step explanation:

Giving the following information:

Initial investment= $600

Number of periods= 5*12= 60 months

Interest rate= 0.062/12= 0.0052

<u>To calculate the future value of the investment, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 600*(1.0052^60)

FV= $819.03

You might be interested in
The pro shop at the Live Oak Country Club ordered two brands of golf balls. Par One balls cost $2.00 each and the Pro Sport ball
mario62 [17]

Answer:

If an equal number of each brand was ordered, how many dozens of each brand were ordered?

  • 50 dozens of each brand

Step-by-step explanation:

in order to determine the number of balls purchased, we must first determine the difference in price between them = $2 - $0.90 = $1.10

since the total difference in price was $660 and an equal number of balls were purchased, then the number of balls purchased = $660 / $1.10 = 600 balls

to determine the number of dozens purchased of each brand we just divide 600 by 12 = 50 dozens

8 0
3 years ago
Solve x3 = 1/8. Please help Will mark brainliest
I am Lyosha [343]

Answer:

here's the steps

Step-by-step explanation:

first, you need to get x by itself.In order to do that you need to do the opposite to the other side. ex: x5= 1/10; what you would do is divide 1/10 by 5 to get x = 0.5 , 5/10

5 0
3 years ago
Sales tax on an item is directly proportional to the cost of the item purchased. If the tax on a 600 item is 36, what is the sal
sdas [7]
The sales tax $950 item would be $57. Hope this helps!
6 0
3 years ago
(3 points) Consider the parabola below.
Natalka [10]

Answer:

Step-by-step explanation:

When a = 1,

Standard form:

= x^2 + bx + c.

Intercept form:
= (x - p)(x - q)

Vertex form:

(x - h)^2 + k.

7 0
2 years ago
Find the sum or difference 3.25+6.75+8.75=
Mrrafil [7]
If you're just trying to add them its 18.75
3 0
3 years ago
Other questions:
  • What is is the total of 738.00 plus .06 sales tax
    11·1 answer
  • Find the surface area of the pyramid. The side lengths of the base are equal.
    5·2 answers
  • What is the product?( square root 3x+ square root 5) (square root 15x+ 2 square root 30)
    8·2 answers
  • jake got 85% of his answers correct on the math test. if there were 20 questions on the test how many did jake get correct?
    7·1 answer
  • Express 26 as sum of 3 odd primes
    15·1 answer
  • For the function f defined b f(x)=x^2+2x+3 find f(-x), -f(x), and -f(-x).
    5·1 answer
  • there are 5280 feet in a mile. what part of a mile, in decimal form, will you drive until you reach the exit? pls someone help
    13·1 answer
  • A tech company bought a number of computers for its employees: 66 costing \$1600$1600 each, 44 costing \$1200$1200 each, and yy
    5·1 answer
  • Which angels are vertical angels?
    5·1 answer
  • if the sides of a triangle QRS are QR=10X-6, RS=6X-15,QS=X+24, find a range of possible values for X?​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!