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
This connects to the last one I did
vichka [17]
-4x+3 and -2y idk if that's completely right tho
4 0
3 years ago
Read 2 more answers
The amount of soda a dispensing machine pours into a 12-ounce can of soda follows a normal distribution with a mean of 12.30 oun
Ugo [173]

Answer: A) .1587

Step-by-step explanation:

Given : The amount of soda a dispensing machine pours into a 12-ounce can of soda follows a normal distribution with a mean of 12.30 ounces and a standard deviation of 0.20 ounce.

i.e. \mu=12.30 and \sigma=0.20

Let x denotes the amount of soda in any can.

Every can that has more than 12.50 ounces of soda poured into it must go through a special cleaning process before it can be sold.

Then, the probability that a randomly selected can will need to go through the mentioned process =  probability that a randomly selected can has more than 12.50 ounces of soda poured into it =

P(x>12.50)=1-P(x\leq12.50)\\\\=1-P(\dfrac{x-\mu}{\sigma}\leq\dfrac{12.50-12.30}{0.20})\\\\=1-P(z\leq1)\ \ [\because z=\dfrac{x-\mu}{\sigma}]\\\\=1-0.8413\ \ \ [\text{By z-table}]\\\\=0.1587

Hence, the required probability= A) 0.1587

6 0
3 years ago
Given f(x) = x^2 + x − 2 and g(x) = 2x − 4, identify (f + g)(x).
shutvik [7]

Answer:

(f + g)(x) = x^2 + 3x - 6

Step-by-step explanation:

Given f(x) = x^2 + x − 2 and g(x) = 2x − 4

Plug in:

(f + g)(x) = x^2 + x − 2 + 2x − 4

(f + g)(x) = x^2 + 3x - 6

3 0
3 years ago
Read 2 more answers
A jewelry store has 9/10 of an ounce of gold they need to split into one 6 ounce groups how many groups going to make
Mariana [72]
12
12
12
12
12
12
1
2
1

12
1
12
4 0
3 years ago
A washer and a dryer cost $585 combined. The washer costs $65 less than the dryer. What is the cost of the dryer?
Mekhanik [1.2K]
I believe the dryer costs $357.50
there's an easy way to solve this
you just divide the given price($585)
by 2 and then to one half add $65
and the answer is 65+292.5=357.5
6 0
3 years ago
Other questions:
  • How do i solve and graph y=x^2+5x+6
    5·2 answers
  • 4) Mr. Conner is starting a marching band at his school. Mr. Conner has 210 students who are interested in
    13·1 answer
  • What is the length of the missing side? <br> (Will mark brainliest)
    10·2 answers
  • How many miles will a person run during a 12 kilometer race?
    11·2 answers
  • Plane hkp and plane rkp are two distinct planes. name the intersection of plane hkp and plane rkp.
    8·1 answer
  • Define a stationary front in your OWN words.
    9·1 answer
  • No solution or one solution because??
    8·1 answer
  • Pls help me I will give the first answer brainlyist and thanks NO LINKS OR NO BRAINLYIST there are two questions please help
    7·1 answer
  • What is the area of the figure below?
    11·2 answers
  • Given the function f)(x) =-x^2+3x+8,determine the average rate of change of the function over the interval listed in the picture
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!