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shusha [124]
3 years ago
6

An investor invests $2,500 into a mutual fund and earns 5.75% on the principle for each of three years. How much interest has ac

cused at the end of the period?
Mathematics
2 answers:
HACTEHA [7]3 years ago
8 0

Answer:

Interest in 3 years = $456.52

Step-by-step explanation:

As we know the the formula of compound interest

Total amount =  A(1+\frac{r}{n})^{nt}

Here n = number of times amount is compounded

r = rate of interest

t = period

Here A = $2500

r = 0.0575

n = 1 (compounded annually)

t = 3 years

Therefore amount after 3 years

P=2500(1+\frac{.0575}{1})^{3}

P =2500(1.0575)³

  = 2500×1.18

  = $2956.52

We have to calculate the interest then

Interest = $2956.52-$2500 = $456.52

So after 3 years interest gained = $456.52

Artemon [7]3 years ago
3 0

Answer:

Accrued interest is 431.25

Step-by-step explanation:

Only the principle amount of 2500 is earning interest at a rate of 5.75% per year and as such this is a typical simple interest problem. The interest earned at the end of the 3 years is evaluated as; 2500*(5.75/100)*3

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Which quadratic equation has the roots -1+4i and -1-4i
AysviL [449]

Answer:

C

Step-by-step explanation:

Solve the quadratic in answer choice C using the quadratic formula:

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x=\frac{-b+/-\sqrt{b^2-4ac} }{2a} =\frac{-2+/-\sqrt{(-2)^2-4(1)(17)} }{2(1)}=\frac{-2+/-\sqrt{4-68}}{2)}

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6 0
3 years ago
Jorge’s printer can print 36 pages in 18 minutes. How many pages can it print in 1 hour
Sloan [31]

Answer:

120 pages can be printed in 1 hour.

Step-by-step explanation:

First divide 36 by 18 to figure out how many pages can be printed in a minute.

Like this: 36 pages ÷ 18 minutes = 2 pages in one minute.

Now, multiply 2 by 60 to figure out how many pages can be printed out in a hour.

Like this: 2 pages in one minute × 60 minutes ( one hour) = 120 pages in one hour can be printed.

Hope this helps!

4 0
3 years ago
Which measures of central tendency would be affected if the outlier 11 was added to the following set 27,20,34,37,21,42,39
MrRa [10]

Answer:

Median will not be affected by the outlier.

Step-by-step explanation:

With the outlier, the mean will be dragged way down. The median will likely be about the same. Mean is non-resistant to outliers, median is resistant.

Hope this helps!

5 0
3 years ago
19 PTS!!!! PLZ HELP ASAP
Ira Lisetskai [31]

The number of muffin can yield is 18.

Step-by-step explanation:

Given:

The recipe needs  \frac{3}{4} cup chopped apple.

To find:

Umber of muffins when 1 \frac{1}{8} cup chopped apple is given.

Solution:

1\frac{1}{8} ÷  \frac{3}{4} = 1.5

1\frac{1}{8} cup apple is 1.5 times of \frac{3}{4} cup of apple

So, the number of muffins will be = 12 × 1.5

= 18

Thus 18 muffins can be yielded from a batch that contains 1 1/8 cups of chopped apple

6 0
3 years ago
Read 2 more answers
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