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
frozen [14]
3 years ago
6

How much would you need to deposit in an account now in order to have $3000 in the account in 15 years? Assume the account earns

3% interest compounded monthly.
Mathematics
1 answer:
Rzqust [24]3 years ago
7 0

Answer:

Principal = Total ÷ (1 + Rate)^years

That formula is found here: http://www.1728.org/compint2.htm

Principal = 3.000 / (1.03) ^ 15

Principal = 3.000 / 1.5579674166

Principal = $1,925.59

Step-by-step explanation:

You might be interested in
Greg's football team played 16 games this season and won 12 of them.
ruslelena [56]
You need to divide 12 by 16 to get a decimal that you can turn into a percent. 12 ÷ 16 = .75. You turn that .75 into 75%. Greg's football team won 75% of their games.
4 0
4 years ago
Read 2 more answers
Boxes of cereal normally cost £2.89 each, but a supermarket has a special offer: Boxes of Cereal 3 for the price of 2
Agata [3.3K]

Answer:

9 boxes

Step-by-step explanation:

Boxes of Cereal 3 for the price of 2, the the price of the 3 boxes of cereals must be : 2 × £2.89 = £5.78

Boxes Megan can buy for the offer = £20 ÷ £5.78  = 3.46 (to 3 s.f.)≈ 3

3 × 3 =9 packs

But they actually only cost : 3 × £5.78  = £17.34

Therefore after buying the offer Megan has £20 - £17.34 = £ 2.66 left, which is not enough to buy a single pack, so the answer is 9.

5 0
3 years ago
I need help geometry final part 1
joja [24]

Answer:

See below

Step-by-step explanation:

1. Given

2. Given

3. Definition of supplementary angles (add up to 180)

4. Substitution Property (substitute 112 in for angle 1)

5. Subtraction Property (subtract 112 from both sides)

4 0
3 years ago
Read 2 more answers
Calculate the perimeter of a rectangle which is 11 metres long and 4 metres wide
mote1985 [20]
To calculate the perimeter of a rectangle what you would do is add the parallel sides together so 11+11=22 and then 4+4=8 so we would add 22+8=30

So your answer would be 30 
(correct me if im wrong)
3 0
4 years ago
Could somebody pls help me with this question
natulia [17]
simplify to 1 hour which will be 6 minutes in 1 hour

in 3 hours it will be 18 minutes
5 0
3 years ago
Read 2 more answers
Other questions:
  • What is the distance between (-5,-5) and (-9,-2)
    15·1 answer
  • If a pond has a major axis of 68 feet and a minor axis of 32 feet how far apart are the foci
    15·1 answer
  • Opening day at the new york state fair in 2012 had an attendence of 46,753. Dicide which place value to round 46,753 to if you w
    14·1 answer
  • What will the answer be
    6·2 answers
  • −4n−8=4(−3n+2) solve for n
    15·1 answer
  • 3. Write an expression to show h decreased by 13.​
    7·1 answer
  • How much Zn and how much HCl should be used to produce 1.5 g ZnCl2
    8·1 answer
  • Emma is playing miniature golf. Her ball is 2 feet of the right-wall. The hole is 4 feet to the left of the wall. The distance a
    10·1 answer
  • Hii I need the 7th and 8th question asap will mark brainliest 100% to who ever answers first and right thank you
    10·1 answer
  • Araba bought an electric Cooker for 540.00 ghanacedis at a discount of 10%.Find the actual price of the eletric cooker.
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!