PERSONAL EXEMPTIONS

Tamira invests $5,000 in an account that pays 4% annual interest. How much will there be in the account after 3 years if the int

Talja [164]

Answer:

There will be $5624.32 in the account after 3 years if the interest is compounded annually.

There will be $5630.812 in the account after 3 years if the interest is compounded semi-annually.

There will be $5634.125 in the account after 3 years if the interest is compounded quarterly.

There will be $5636.359 in the account after 3 years if the interest is compounded monthly

Step-by-step explanation:

Tamira invests $5,000 in an account

Rate of interest = 4%

Time = 3 years

Case 1:

Principal = 5000

Rate of interest = 4%

Time = 3 years

No. of compounds per year = 1

Formula : $A=P(1+r)^t$

$A=5000(1+0.04)^3$

A=5624.32

There will be $5624.32 in the account after 3 years if the interest is compounded annually.

Case 2:

Principal = 5000

Rate of interest = 4%

Time = 3 years

No. of compounds per year = 2

Formula : $A=P(1+\frac{r}{n})^{nt}$

$A=5000(1+\frac{0.04}{2})^{2 \times 3}$

A=5630.812

There will be $5630.812 in the account after 3 years if the interest is compounded semi-annually.

Case 3:

Principal = 5000

Rate of interest = 4%

Time = 3 years

No. of compounds per year = 4

Formula : $A=P(1+\frac{r}{n})^{nt}$

$A=5000(1+\frac{0.04}{4})^{4 \times 3}$

A=5634.125

There will be $5634.125 in the account after 3 years if the interest is compounded quarterly.

Case 4:

Principal = 5000

Rate of interest = 4%

Time = 3 years

No. of compounds per year = 4

Formula : $A=P(1+\frac{r}{n})^{nt}$

$A=5000(1+\frac{0.04}{12})^{12 \times 3}$

A=5636.359

There will be $5636.359 in the account after 3 years if the interest is compounded monthly

8 0

3 years ago

Someone pls help, i need to get this right.

Elina [12.6K]

Answer:

0,2

Step-by-step explanation

6 0

3 years ago

(geomatry) Pleasee help I'll give brainest and thanks :)

lord [1]

Answer:

JML=142 degrees

Step-by-step explanation:

This shape is a rhombus, as all 4 sides are equal, but the angle measures are not. One of the properties of a rhombus is that opposite angles are congruent, and adjacent angles are supplementary. Only the second one is important. Since angles KLM and angle JML are supplementary, the equation KLM+JML=180 can be used. KLM is then substituted by the given angle measure, 38 degrees, to get an equation such as JML+38=180. Now, to solve for JML, 38 must be subtracted from both sides of the equation, which leaves teh answer of JML=142.

7 0

3 years ago

Read 2 more answers

If f(x)=2x+5 and g(x)=x²+5, evaluate the functions:

Ostrovityanka [42]

Answer:

f(-3) = -1

g(-3) = 14

Step-by-step explanation:

plug -3 for x to get the answer

3 0

3 years ago

Read 2 more answers

Solve for X! Please help

WARRIOR [948]

The two given angles are vertical angles which mean they are the same:

9x + 72 = 4x + 112

Subtract 72 from bot sides:

9x = 4x + 40

Subtract 4x from both sides:

5x = 40

Divide both sides by 5:

X = 8

4 0

3 years ago