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
77julia77 [94]
3 years ago
7

If an investment account starts with $3,900, and grows with 2.1% interest, compounded annually, how much is the account worth af

ter 15 years?
Round your answer to the nearest dollar.
Do NOT round until you have calculated the final answer.

Answer 5327
Mathematics
1 answer:
zalisa [80]3 years ago
3 0

Answer:

$5327

Step-by-step explanation:

Use the formula for calculating compound interest

A(t)=P(1+r/n)^n⋅t,

where A(t) is the balance of the account, P is the principal, r is the annual interest rate (as a decimal), n is the number of times the interest is compounded each year, and t is the time (in years). We are given that P=$3,900, r=0.021, n=1, and t=15. Substituting the values into the formula and using a calculator to evaluate, we find

A(t)=P(1+r/n)^n⋅t = $3,900(1+0.0211)^(15)(1) ≈ $5,326.61

So the final answer is $5,327.

You might be interested in
Put these in order from least to greatest<br> 14 √166 13
JulijaS [17]

Answer:

sqrt166, 13, 14

Step-by-step explanation:

3 0
3 years ago
In a game of chance, two pyramid-shaped, four-sided dice (with sides 1, 2, 3, 4). one colored red and the other colored green, a
Soloha48 [4]

Answer:

0.25 or 25%

Step-by-step explanation:

There are 4 possible outcomes for each die, which gives us 16 possible combinations (4 x 4). In order for the sum to exceed 5, the possible outcomes are:

Red = 3, and Green = 3

Red = 3, and Green = 4

Red = 4, and Green = 3

Red = 4, and Green = 4

Therefore, the probability of winning on a single play is:

P=\frac{4}{16}\\P=0.25

The probability is 0.25 or 25%.

5 0
3 years ago
A driving exam consists of 30 ​multiple-choice questions. Each of the 30 answers is either right or wrong. Suppose the probabili
Butoxors [25]

Answer:

a. P(x>20)=0.19

b. P(x≥6)=0.72

c. P(x≤20)=0.81

d. A and C

Step-by-step explanation:

We know that:

1) the probability that a student makes fewer than 6 mistakes is 0.28

P(x

2) The probaiblity that a student makes between 6 to 20 mistakes is 0.53.

P(6\leq x\leq20)=0.53

We will express the proabilibities in function of the information we have.

a. Probability that a student makes more than 20 mistakes.

P(x>20)=1-P(x\leq20)=1-(P(x20)=1-(0.28+0.53)=1-0.81=0.19

b. Probability that the student make 6 or more mistakes

P(x\geq6)=1-P(Px

c. Probability that a student makes 20 mistakes at most

P(x\leq20)=P(x

d. A and C, because A takes a event of more than 20 mistakes and C takes the event of 20 or less mistakes. Both events cover a probability of 1.

7 0
3 years ago
A scale drawing of Joshua's living room is shown below: width 4 length 6 If each 2 cm on the scale drawing equals 4 feet, what a
krok68 [10]
8ft by 12ft

the real question is why they randomly switched from metric to standard system. :P
3 0
3 years ago
Simplify. 4n + 6 + 1k – 4 + 5n - 1k
adelina 88 [10]
The answer is 9n+2,,,
6 0
3 years ago
Other questions:
  • NEED HELP WITH HW!!!! (will mark brainliest)
    12·1 answer
  • Simplify 9 to the 2nd over 9 to the 7th.
    13·1 answer
  • What is the slope intercept of 2y=14-4x
    6·2 answers
  • INTEGERS
    10·2 answers
  • A local museum charges $25 per adult and $12 per child for admission fees.
    9·1 answer
  • PLZ HELP ME IM TIMED YOU GUYS
    15·1 answer
  • The following data points represent the volume
    7·2 answers
  • Which student drew the best trend line?? Why?
    10·1 answer
  • 21/7= ?/1 i don't know the answer please help
    7·2 answers
  • What is the sum of the measures of the interior angles of a decagon?​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!