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3 years ago

9

Claire deposited $500 into a savings account that earns 2.5% annual simple interest. If she keeps this amount in the account for

2 years, how much interest will she earn?

1 answer:

Snezhnost [94]3 years ago

7 0

Answer:

Claire will earn $25 in interest after 2 years.

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Angelina deposits $3000 in a savings account on 1 January 2019, earning compound interest of 1.5% per year.

jekas [21]

The interest earned would be $481.62.

The total amount of money in her account would be $16,377.12.

<h3>Determining interest after 10 years </h3>

Interest = future value - amount deposited

$3000 (1.015)^10 = $3,481.62

Interest = $3,481.62 - $3000 = $481.62

<h3>Determining the future value of the account.</h3>

Future value of the lump sum = $3000 x (1.015)^11 = $3,533.85

Future value of the annuity = amount deposited x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r = [(1.015)^10 - 1] / 0.015 = 10.702722

Future value = 10.702722 x $1,200 = $12,843.27

Total future value = $12,843.27 + $3,533.85 = $16,377.12

To learn more about future value, please check: brainly.com/question/18760477

4 0

2 years ago

Can I get some help with this question plzzz

victus00 [196]

All the possible combinations are
1-1 2-1 3-1 4-1 5-1 6-1
1-2. 2-2 3-2 4-2. 5-2. 6-2
1-3 2-3. 3-3. 4-3. 5-3. 6-3
1-4. 2-4. 3-4. 4-4. 5-4. 6-4
1-5. 2-5. 3-5. 4-5. 5-5. 6-5
1-6. 2-6. 3-6. 4-6. 5-6. 6-6

What is the total for each roll?

2. 3. 4. 5. 6. 7.
3. 4. 5. 6. 7. 8
4. 5. 6. 7. 8. 9
5. 6. 7. 8. 9. 10.
6. 7. 8. 9. 10. 11.
7. 8. 9. 10. 11. 12

What roll occurs most often?

>>>>>>7<<<<<

7 occurs in 6 out of 36 possible outcomes

7 0

3 years ago

I need help, I don't know how to do it.

Sindrei [870]

Answer:

Step-by-step explanation:

to solve this problem we can use the Pythagorean theorem

UT and TL are the legs, while LU is the hypotenuse

We have to find LU so we can proceed like this

x^2 + (x+1)^2 = LU^2

x^2 + x^2 + 1 + 2x = LU^2

2x^2 + 2x + 1 = LU^2

LU = +/- $\sqrt{2x^2+2x+1$

we have to take only the positive value because a length can’t be negative.

2x^2 + 2x + 1 is positive for every value of x, so the final answer is

$\sqrt{2x^2+2x+1}$

5 0

2 years ago

Airida [17]

A+s=496

s=496-a

and we are also told that:

s=3a

Since s=s we can say:

3a=496-a add a to both sides

4a=496 divide both sides by 4

a=124

So 124 adult tickets were sold.

3 0

3 years ago

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What is the reflection of the point (1.7, -4.9) across the x axis

Vitek1552 [10]

(-1.7, -4.9)

to reflect across the x-axis multiply the x-value by negative 1

8 0

3 years ago

Read 2 more answers