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
Can you please help me out with a question
Finger [1]

The standard equation of a circle is expressed as

(x - h)^2 + (y - k)^2 = r^2

where

h is the x coordinate of the center of the circle

k is the y coordinate of the center of the circle

r is the radius of the circle(the distance from the center of the circle to the circumference

From the graph,

h = - 1

y = 4

r = 5

By substituting these values into the equation, we have

(x - - 1)^2 + (y - 4)^2 = 5^2

(x + 1)^2 + (y - 4)^2 = 25

Thus, the equation of the circle is

(x + 1)^2 + (y - 4)^2 = 25

8 0
2 years ago
A cube has a surface area of 864 square inches.
slamgirl [31]
The answer is (D) or 1728 In³
6 0
4 years ago
Read 2 more answers
A square is cut into three equal rectangles. How does the area of the square compare to the sum of the areas of the three rectan
ludmilkaskok [199]

Answer:

A?

Step-by-step explanation:

If the square was split into 3 rectangles the 3 rectangles sum up to the square.

4 0
3 years ago
Bacteria are the most common example of exponential growth. Select a number between 2 and 10 to represent the hourly growth rate
shusha [124]

Answer:

bh

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
What is the range of this function?<br> y =x + 1 - 8
diamong [38]

Answer:

range:  {y | y>= -8)

Step-by-step explanation:

We have a radical here.

y = root( x + 1)  - 8

y is defined as long as  x+1 >= 0

so domain must be x > -1

y values would start from -8

and go upward.

range:  {y | y>= -8)

7 0
3 years ago
Other questions:
  • If f(x) = 2x^2+1 and g(x) =x^2-7 find (f+g)(x)
    9·2 answers
  • A heartbeat takes 0.8 seconds.How many sec is his written as a faction?
    6·2 answers
  • What is 195 squared to the nearest integer
    6·2 answers
  • Find the slop that gos through (-8,9) and (-8,-7)​
    7·1 answer
  • Two cars left the city for a suburb, 480 km away, at the same time. The speed of one of the cars was 20 km/hour greater than the
    9·1 answer
  • Need help 2m+3 /2-17/4 &lt;m+2/8
    10·1 answer
  • This table shows the results of rolling a standard number cube.
    5·1 answer
  • HELP PLEASEEEEEEEEEEEE
    15·1 answer
  • A weightlifter can increase the weight W(x) that she can lift according to W(x) = 315(1.05)", where x represents the number of t
    6·1 answer
  • Find the greatest common factor (GCF) of 12x and 18x3.
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!