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
yulyashka [42]
3 years ago
11

$425 is invested into an account that earns 6% compounded monthly. Find how much the account is worth in 15 years.

Mathematics
1 answer:
Masja [62]3 years ago
6 0

Answer:

Future Balance

$1,044

Step-by-step explanation:

Compound interest is simple- It’s the interest you earn on both your original deposit and on the interest that your money earns. Compound interest allows your savings to grow faster over time.  In an account that pays interest, the earnings are typically added to the original principal at the end of every compounding period. That's often daily or monthly. Each time interest is calculated and added to the account, the larger balance results in more interest earned than before. This is what’s meant by compound interest. Note that high-interest savings accounts earn money faster than accounts with lower yields.

You might be interested in
Find 4 irrational number between 0.1 and 1.12​
Lelu [443]

I'm sorry but I do not know how to do this

5 0
3 years ago
Can someone please help me with this question?
Vanyuwa [196]

Answer:

5 seconds

Step-by-step explanation:

In 5 seconds it will be at 98 meters

x = -b/2a

x = -20/2(-2) = -20/-4 = 5

8 0
3 years ago
Xanthe and Sarah do some fundraising for their local nursing home. Together they raised $$$302. If Xanthe raised $$$102 more tha
Dimas [21]

Given :

Xanthe and Sarah together raised $302 .

If Xanthe raised $102 more than Sarah .

To Find :

The amount raised by Sarah .

Solution :

Let , amount raise by Sarah is x .

So , by the relation given , price raised by Xanthe is 102 + x .

Now , sum of their amount raised is :

x+(x+102)=302\\\\2x=302-102\\\\x=\$100

Therefore , the amount raised by Sarah is $100 .

Hence , this is the required solution .

6 0
3 years ago
I don’t understand??
Rina8888 [55]

Answer:

understand it lol

Step-by-step explanation:

4 0
2 years ago
Great Grizzly Park sells adult tickets at price x and tickets for children 12 and under at price y. The total charge for 3 adult
alexgriva [62]

Answer:

answer is J because if we lay out the information we will understand it

5 0
3 years ago
Other questions:
  • Asap please i need answer
    15·1 answer
  • Plz help me!!! It's a lvl6 paper and i am not that lvl yet! It's just so he teachers know how inwill do and its calculator alowe
    8·2 answers
  • What is the probability of drawing a K, Q or J from a deck of playing cards?
    6·2 answers
  • Find the value of g(16) for the function below
    14·1 answer
  • Which scenario could be represented by this graph?<br> ( someone plz help )
    5·1 answer
  • Simplify. 11 3/4 - 8 1/2 A. 3 1/4 B. 3 1/3 C. 4 1/4
    13·1 answer
  • What is y -0.12y ???
    8·2 answers
  • Suppose a friend tells you she paid a total of $20,500 for a car, and you’d like to know the car’s list price (the price before
    14·1 answer
  • Point upper D left parenthesis negative 3 comma 5 right parenthesis. is a vertex of triangle DEF. After a rotation of the triang
    10·1 answer
  • Rick bought some tetra fish and goldfish for his fish tank. He bought twice as many goldfish as he did tetras. Each goldfish cos
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!