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
Lana71 [14]
3 years ago
10

What is the resulting balance of $3,500 at 4% compounded annually for 8 years?

Mathematics
1 answer:
Brrunno [24]3 years ago
7 0

Answer:

<h3>$4,789.99</h3>

Step-by-step explanation:

Using the formula for calculating the compound interest

A = P(1+r)^t

P is the principal = $3500

r is the rate = 4% = 0.04

T is the time = 8 years

Substitute

A = 3500(1+0.04)^8

A = 3500(1.04)^8

A = 3500(1.3686)

A = 4,789.99

Hence the resulting balance is $4,789.99

You might be interested in
Find the smallest value of k such that 16k is a perfect cube.​
IrinaK [193]

Answer:

0

Step-by-step explanation:

The smallest perfect cube would be 0 since it cannot be negative and zero raised to the third power would still be 0

3 0
3 years ago
Read 2 more answers
Factor the following polynomial 9x2 + 21x – 18
solong [7]

Answer:

factors are

21 and x

Step-by-step explanation:

equation 9 × 2 + 21x - 18

terms 9 , 2, 21x, -18

factors 21x = 21 and x

4 0
3 years ago
Read 2 more answers
Relatively Simple Math, pls lend a hand. 50 points and Brainliest
ivann1987 [24]
I think the answer is A
7 0
3 years ago
Read 2 more answers
You want to frame a picture that is 5 in by 7 in with a 1 in wide frame. What is the perimeter of the outside edge of the frame?
r-ruslan [8.4K]
94 if your using the whole frame the math is 5×7=35 we have 2 sides do times 35 by 2 35×2=70 then we do 1×7=7 for the outside of the game then do 7 times 2 b/c you have 2 sides the do your final side by doing 5×1=5 then times that by 2 and you get 10 .70+14+10=94
4 0
3 years ago
Answer please! Thanks so much! :)
DanielleElmas [232]
320 is the correct answer
5 0
3 years ago
Other questions:
  • How many ways are there to travel in xyz space from the origin (0, 0, 0) to the point (4, 3, 5) by taking steps one unit in the
    6·1 answer
  • How long does it take a principal of $25,000 at a simple interest rate of 5% to become 30,000? Show all work
    11·1 answer
  • A stock falls 7 points each day for 2 days. What integer represents the change in stock price for the two days?
    10·1 answer
  • Can you please help me with the question
    13·1 answer
  • 5/-6+10i what is the answer to this
    14·1 answer
  • Skip drove 55.6 miles on Saturday, and 42 1/2 miles on Sunday. How many miles did he drive during the entire weekend?
    8·1 answer
  • The base unit used to measure weight in metric system is
    9·2 answers
  • The volume of a cube is 710cm3 work out the length of its side rounded to 1 decimal place​
    10·1 answer
  • What is the solution set for -4x+10 ≥ 5x+55
    11·1 answer
  • The radius of a semicircle is 2 feet. What is the semicircle's diameter?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!