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3 years ago

$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.

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How do i simplify 3√96×√98

Vera_Pavlovna [14]

<span>3√96 * √98 = </span><span>12√6 * 7√2 = 84</span>√12 = 168√3

5 0

3 years ago

Apply the Pythagorean Theorem to find the distance between points A and B.

irinina [24]

Answer:

Properties of a right tangle can be created in a Coordinate Plane

Distance between two points A and B are shown as below

Step-by-step explanation:

Find distance between two point using Pythagorean Theorem.

Properties of right triangles and creating right triangle as a coordinate Plane.

Suppose two point are drawn in triangle containing value of (-2 , 4 ) and (-2, -2)

then

In (-2 , 4 ) and (-2,-2)

taking y-values that is 4 and -2

find difference between them such as

4-(-2) = 6

Distance is (-2,4) is 6 unit from (-2,-2)

We can also find unit length of A and B

Side A: (-1, 2) and (3,2)

3-(-2) = 5

side A is 5 unit in length

Side B : (-2,2) and (-2,-1)

2 - (-1) = 3

Side B is 3 unit in length

7 0

3 years ago

Read 2 more answers

A shipping company charges based on calculations of the volume of a rectangular box and the sum of the dimensions of the box. A

Allushta [10]

Answer:

A shipping company charges based on calculations of the volume of a rectangular box and the sum of the dimensions of the box. A square rectangular...

Step-by-step explanation:

7 0

3 years ago

Dave receives a salary of $200 a week plus a commission of 10% of his weekly sales. An equation y = m x + b represents Dave’s we

vovangra [49]

Answer:

y = 0.1x+200

Step-by-step explanation:

First, let's establish that:

x is independent

y is dependent

Basically, the value of y will depend on what x is.

The problem states that the slope of the line is Dave's comission, so since he makes 10% of comission, we can make the slope as 0.1x (mx)

The problem also states that the y intercept (b) is Dave's base salary, and earlier in the problem it states that his base salary is $200 a week. Therefore, b=200

now, the equation is:

y=0.1x+200

Hope this helps!

4 0

4 years ago

Y=-4x-41 that passes through (-2,7)

dalvyx [7]

Answer:

Parallel: y=-4x-1

Perpendicular: y=-4x+13/2

Step-by-step explanation:

For the equation y=-4x-41, the slope is -4. Writing a line related to this equation has two options:

If the line will be parallel to it then this is the slope of the new line as well. Use the point-slope form to write the equation, then simplify and convert into the slope intercept form.

(y-7)=-4(x--2)

y-7=-4x-8

y=-4x-1

If the line will be perpendicular to it then the slope is the negative reciprocal of the previous slope. It is 1/4.

(y-7)=1/4(x--2)

y-7=1/4x-1/2

y=-4x+13/2

4 0

3 years ago

Read 2 more answers