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2 years ago

What is the total interest earned in two years on an account containing $500 at 3.5% interest, compounded annually?

Mathematics

1 answer:

Andrei [34K]2 years ago

7 0

Answer: $35.6125

Step-by-step explanation:

3.5% = 0.035

Let's find the deposit amount with interest at the end of the first year:

500 + 500 · 0.035 = 517.5

Let's find the amount of the deposit with interest at the end of the second year:

517.5 + 517.5 · 0.035 = 535.6125

Find the total interest earned over two years:

535.6125 - 500 = 35.6125

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A migrating bird flies 341 miles in 11 hours. How many miles can the bird fly in 6 hours?

Sedaia [141]

186 because you would divide 341 by 11 and you get 31 then multiply that by 6 and you get 186. Did this help?

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3 years ago

Read 2 more answers

Describe a way to make the arithmetic problem 45% x 680 mentally

lord [1]

Answer:

306.

Step-by-step explanation:

Firstly, we are aware 100% of 680 is obviously 680,

Next, we know half of a 100% is 50% therefore half of 680 is 340.

Then, we know 45% is 5% less than 50%

To find 5% of a number mentally, divide it by 10 as 100÷5=20

680÷20=34

Lastly 50% subtracted by 5%: 340-34=306.

Now we know, 45% of 680 is 306.

Hope this helps.

Hope this helps.Please mark BRAINLIEST.

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2 years ago

Suppose that 10 years ago you bought a home for $160,000, paying 10% as a down payment, and financing the rest at 9% interest fo

Goshia [24]

Answer:

Current monthly payment on their existing mortgage would be $1158.66

Step-by-step explanation:

Total cash value = $160,000

Down payment = 10% of 160,000

Down Payment = $16,000

Balance amount = 160,000 - 16,000 = $144,000

Monthly payment formula:

$P=\dfrac{r(PV)}{1-(1+r)^{-n}}$

where,

PV is present value of home, PV=$144,000

r is rate per period , $r=\frac{9}{1200}=0.0075$

n is number of period, n=30x12 = 360

$P=\dfrac{0.0075\times 144000}{1-(1+0.0075)^{-360}}$

$P=\$ 1158.66$

Monthly payment would be same for 30 years.

Thus, Current monthly payment on their existing mortgage would be $1158.66

5 0

2 years ago

A) Find the distance of line segment PR. Round answer to the nearest tenth. B) Find the distance around the park (perimeter).

juin [17]

Answer:

A. $PR = 80.6 yd$

B. Perimeter = 190.6 yd

Step-by-step explanation:

A. Distance between P(10, 50) and R(80, 10):

$PR = \sqrt{(x_2 - x_1)^2 + (y_2 - y_1)^2}$

$PR = \sqrt{(80 - 10)^2 + (10 - 50)^2}$

$PR = \sqrt{(70)^2 + (-40)^2}$

$PR = \sqrt{4,900 + 1,600}$

$PR = \sqrt{6,500}$

$PR = 80.6 yd$ (nearest tenth)

B. Distance around the park = Perimeter = PR + PQ + QR

PR = 80.6 yd

PQ = |50 - 10| = 40 yd

QR = |80 - 10| = 70 yd

Perimeter = 80.6 + 40 + 70

Perimeter = 190.6 yd

7 0

2 years ago

X^2+y^2-4x+2y=b what is b?

Zina [86]

First of all youre not going to get a direct answer to all of these questions, youre going to have 3 finally equations(because thats the amount of variables you have).

8 0

3 years ago