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
iris [78.8K]
3 years ago
7

The compound interest on the account with .01% interest rate in 5 years

Mathematics
1 answer:
Alina [70]3 years ago
7 0

Answer:

The interest generated will be $ 51.20.

Step-by-step explanation:

To determine the compound interest on the account with 0.01% interest rate in 5 years compounded quarterly with an initial deposit of $ 1,000, the following calculation must be performed:

1,000 x (1 + 0.01 / 4) ^ 4x5 = X

1,000 x (1 + 0.0025) ^ 20 = X

1,000 x 1.0025 ^ 20 = X

1,000 x 1.05120 = X

1,051.20 = X

1,051.20 - 1,000 = 51.20

Therefore, the interest generated will be $ 51.20.

You might be interested in
a random sample of 20 high school students was surveyed and asked "how long does it take you to get ready for school in the morn
Ksivusya [100]

Answer:

where are the choices

Step-by-step explanation:


8 0
3 years ago
Factor -8 out of 56a-64 <br> PLEASE HELP
Pachacha [2.7K]

Answer:

-8(8-7a)

Step-by-step explanation:

56a-64=-8(8-7a)

7 0
3 years ago
Expression for two years older than Marjorie
Roman55 [17]
2 years older then Marjorie.....m = Marjorie

m + 2 <== ur expression
6 0
3 years ago
What is -3(6x+4)+20x
Leona [35]

Answer:

2x - 12

Step-by-step explanation:

Given:

-3(6x+4)+20x

Distribute:

-18x-12+20x

Combine like terms:

2x-12

Hope this helps, have a nice day :))

3 0
2 years ago
Read 2 more answers
ou have a bag of chocolate candy. Ten of them are red, 7 are brown, 12 are green, and 9 are blue. What is the probability that y
ladessa [460]
D)))))) 9 hhhhhhhhhhhhhhhhhhhhhhhhhhhh
7 0
3 years ago
Read 2 more answers
Other questions:
  • Which pair of expressions is equivalent using the Associative Property of Multiplication? 6(4a ⋅ 2) = 24a ⋅ 12 6(4a ⋅ 2) = (4a ⋅
    13·1 answer
  • find the sum. write the sum as a mixed number , so the fractional part is less than 1. 4 1/2 + 2 1/2 ?
    6·2 answers
  • Please can someone help ill give the person who answers brainliest :&gt;
    7·1 answer
  • PLEASE HELP, HELP ME!!!!
    13·1 answer
  • What is the answer to this
    5·1 answer
  • The library started the yoar with 14,341 books. At the end of the first week
    14·1 answer
  • Define and name two pairs of corresponding angles
    13·1 answer
  • 45 is 15% of what number
    8·2 answers
  • Please answer <br> Will give brainlst
    15·1 answer
  • A flying disc has a 434 inch radius. What is its approximate circumference, rounded to the nearest inch?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!