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
Agata [3.3K]
3 years ago
8

If $5,000 is invested at 8% annual interest compounded monthly, what is the account balance after 5 years, assuming no additiona

l deposits or withdrawals are made?
Mathematics
2 answers:
gulaghasi [49]3 years ago
5 0

Answer:

A = $7,449.23

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 8/100

r = 0.08 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 5,000.00(1 + 0.08/12)(12)(5)

A = 5,000.00(1 + 0.006666667)(60)

A = $7,449.23

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $5,000.00 at a rate of 8% per year compounded 12 times per year over 5 years is $7,449.23.

densk [106]3 years ago
3 0

Answer:

Fv= 7346.64

Step-by-step explanation:

PV= 5000

I=8%=0.08

N=5 YEARS

FV= PV(1+I)n

= 5000(1+0.08)5

=7346.64

You might be interested in
(SOMEONE PLEASE HELP ME ) A central angle in a circle has a measure of 1 radian. The length of the arc it intercepts is 3.07 in.
Naddika [18.5K]
The total circle has a measure of 2π radian, so this portion is 1/(2π) of the whole circle
the circumference of the whole circle is 2πr
1/(2π) of 2πr=3.07
r=3.07
7 0
4 years ago
Read 2 more answers
The area of a rectangle is 108 m2 and its diagonal is 15 m. Find
Andre45 [30]

Answer:

47.6m.

Step by step solution:

Perimeter of a triangle = base + 2 . length____(1)

Area of a triangle = 1/2 . base . diagonal

108 = 1/2 . base . 15

multiplying both sides by 2:

216 = 15 . base

dividing both sides by 15:

base = 14.4m

But the diagonal divides the triangle into two

right angle triangles each with the same length (hypotenuse),base and diagonal(height).

Taking one right angle triangle:

And using pythagoras theorem;

length² = base² + diagonal ²

length² = 7.2² + 15²

Note: Base of each right angle triangle is 7.2 which would sum up to be 14.4 the base of the full triangle.

length² = 276.84

taking the square root of both sides:

length = 16.6m

Putting the values of the base and length into equation (1).

Perimeter of the triangle = 14.4 + 2 . 16.6

Note: We are dealing with the whole triangle

now hence the base is 14.4m.

Perimeter of the triangle = 14.4 + 33.2 = 47.6m.

6 0
3 years ago
Read 2 more answers
A student timed his drive to work each day for the three days. The times are shown 15 minutes 16 minutes 20 minutes what was his
AveGali [126]

Answer:

Step-by-step explanation:

first you add all the numbers together-

15+16+20=51

you add them up as shown-

=51

and the divide by 3, because you added up 3 numbers-

51/3=17

so your answer is 17

6 0
4 years ago
For the​ following, indicate whether a confidence interval for a proportion or mean should be constructed to estimate the variab
Mrrafil [7]

Answer:

Step-by-step explanation:

The research question is given as "Does chewing your food for a longer period of time reduce​ one's caloric intake of food at​dinner?"

Here interest of study variable is "reduction of caloric intake of food at dinner".

For construction of confidence interval, the researcher records the calorie consumption at dinner.

Since calorie consumption is a variable, we need to construct confidence interval for mean.

So correct choice of sentences as "The confidence interval for a mean should be constructed because the variable of interest is an individual's reduction in caloric intake, which is a quantitative variable."

3 0
3 years ago
alonzo wants to draw a shape with the following condition. the shape has three sides the shape has only one line symmetry the li
notka56 [123]
The shape must be any form of isosceles triangle, which is a triangle where two side lengths are the same measurement and the third line length is not the same measurement
8 0
4 years ago
Other questions:
  • Is -9.2222 a irrational number? Or rational? Im so confused
    15·1 answer
  • What is the equation of a line with a y-intercept at (0,6) and a slope of 3?
    11·1 answer
  • Wilson can eat 50 French fries in 4 minutes. How many French fries can he eat in 28 minutes
    12·1 answer
  • The ratio of zebras to elephants at the zoo is 6:5. The ratio of gorillas to zebras is 7:2. There are 30 zebras at the zoo. How
    10·1 answer
  • A florist has 49 red roses and 63 white roses. The florist wants to put an equal number of red roses in each centerpiece, along
    9·1 answer
  • Casey has 48 red peppers and 16 yellow peppers. If Casey wants to put the peppers into baskets so that each basket has the same
    6·1 answer
  • Donut $2.50
    13·1 answer
  • Find the total surface area of the 3D figure:<br> ft2<br> 9 ft<br> 8 ft<br> 6 ft<br> 8 ft<br> 8 ft
    9·1 answer
  • Plz help ASAP plz help
    10·2 answers
  • Pure acid is to be added to a 10% acid solution to obtain 90L of 81% solution. What amounts of each should be used?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!