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
Harman [31]
3 years ago
13

Lacy opened a savings account and deposited $100. The account earns 6% interest compounded monthly if she wants to use the money

to buy a new bicycle in two years how much will she be able to spend on the bike
Mathematics
1 answer:
Dafna11 [192]3 years ago
5 0

Answer:

Future Value= $112.72

Step-by-step explanation:

Giving the following information:

Initial deposit (PV)= $100

Number of periods (n)= 2*12= 24 months

Interest rate (i)= 0.06/12= 0.005

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 100*(1.005^24)

FV= $112.72

You might be interested in
90 x= 81 + 25 <br> I need help ?
charle [14.2K]

Answer:

x = \frac {53} {45}

Step-by-step explanation:

<u>Step 1:  Combine on the right side </u>

90x = 81 + 25

90x = 106

<u>Step 2:  Divide both sides by 90 </u>

\frac {90x} {90} = \frac {106} {90}

x = \frac {106/2} {90/2}

x = \frac {53} {45}

Answer:  x = \frac {53} {45}

4 0
3 years ago
Read 2 more answers
Write 935.97 in expanded form
Korolek [52]
<span> 935.97 = 900 + 30 + 5 + 0.9 + 0.07

hope it helps</span>
7 0
3 years ago
I need help with part B
jekas [21]

Answer:

Okay, do you have any images or choices?

8 0
3 years ago
Blake is cutting a piece of rope into fourths if each piece is 16 inches long what is the length of the entire rope
Dovator [93]
The length of the entire rope is 64 inches as when it is cut into four pieces one is 16 therefore when multiplying 16 by four you should get the length of the entire rope which is 64.
8 0
3 years ago
Two sides of a triangle measure 10cm and 15cm. which measure is possible for the third side
Irina-Kira [14]
The measurement for the third side is 155 cm. Hope this helps! Mark my answer brainliest when u can please thx
6 0
3 years ago
Other questions:
  • Elena plans to ride her bicycle 5 miles to a park and then ride several times
    7·1 answer
  • 30 points
    14·1 answer
  • HEYY CAN YOU hELP
    14·2 answers
  • Write in numeric form. Nine hundred thirty six and twelve hundredths
    6·2 answers
  • Help with this question !
    6·2 answers
  • there are 21 marbles in a blue jar. the blue jars has 3 times as many marbles as a red jar. let m be the number of marbles in th
    15·1 answer
  • Find the slope of the line through each pair of points (12, -18) &amp; (-15, -18)​
    11·1 answer
  • Find the product.<br><br> (8-3z)(8+3z)
    11·1 answer
  • What is the y-value of the solution to the system of equations shown below
    12·1 answer
  • If p∥q, m∠2=5b+1, and m∠12=6b−8, find m∠1 and m∠3.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!