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
zhenek [66]
3 years ago
5

Henry places £6000 in an account which pays 4.6% compound interest each year

Mathematics
1 answer:
aivan3 [116]3 years ago
7 0

Answer:

£ 6,564.70

Step-by-step explanation:

Henry places £6000 in an account which pays 4.6% compound interest each year. Calculate the amount in his amount after 2 years

Compound Interest formula =

A = P(1 + r/n)^nt

A = Final Amounrt

P = Principal = £6,000

r = Interest rate = 4.6%

t = Time in years = 2 years

n = Compounding frequency = Yearly = 1

First, convert R percent to r a decimal

r = R/100

r = 4.6%/100

r = 0.046 per year,

Then, solve our equation for A

A = P(1 + r/n)^nt

A = 6,000.00(1 + 0.046/1)^(1×2)

A = £ 6,564.70

The amount in his account after 2 years = £ 6,564.70

You might be interested in
The amount of profit, p, you earn by selling knives,k, can be determined by:p=200k-500. A) determine the constraints on profit a
Marizza181 [45]
The only restraints on profit result from the restriction on the domain which in turn place a restriction on profit.  

0≤k. Knives sold cannot be negative.

So the range of profit or p is:

p=[-500, +oo)

Profit increases as the number of knives sold increases.  $200 more profit is gained by each sale of a knife.

4000=200k-500

4500=200k

k=22.5

Since k is for knives sold, it must be an integer value, so a $4000 profit is not possible.  At 22, p=3900 and at 23, p=4100


3 0
4 years ago
PLeaseeeeee HELPPPPPPP PLEASEEEE IM BEGGING SOMONE PLEASEEEEE HELPPPPPPPPPPPP PLEASEEEEEE​
bulgar [2K]

Answer:145

Step-by-step explanation:x-5+3x+25=180

4x+20=180 4x=160 x=40. <k=120+25=145

4 0
3 years ago
Consider a value to be significantly low if its z score less than or equal to minus−2 or consider a value to be significantly hi
den301095 [7]

Answer:

Test scores of 10.2 or lower are significantly low.

Test scores of 31 or higher are significantly high

Step-by-step explanation:

Z-score:

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this problem, we have that:

\mu = 20.6, \sigma = 5.2

Significantly low:

Z-scores of -2 or lower

So scores of X when Z = -2 or lower

Z = \frac{X - \mu}{\sigma}

-2 = \frac{X - 20.6}{5.2}

X - 20.6 = -2*5.2

X = 10.2

Test scores of 10.2 or lower are significantly low.

Significantly high:

Z-scores of 2 or higher

So scores of X when Z = 2 or higher

Z = \frac{X - \mu}{\sigma}

2 = \frac{X - 20.6}{5.2}

X - 20.6 = 2*5.2

X = 31

Test scores of 31 or higher are significantly high

6 0
3 years ago
Suppose that a dog, a goat, and a bag of tin cans are to be transported across a river in a ferry that can carry only one of the
Bingel [31]

Answer:

The task is explained in detail below.

Step-by-step explanation:

We know that  a dog, a goat, and a bag of tin cans are to be transported across a river in a ferry that can carry only one of these three items at once (along with a ferry driver).  

The driver will first transport the goat to the other shore and then return empty. Then they will take a bag of tin and transport it to the other shore, and then they will return with the goat to their original place.  

Then he will leave the goat there and take a dog and carry it to the other shore and then return empty.

And eventually they will take the goat and transport it to the other shore.

4 0
3 years ago
Please Help!!
expeople1 [14]

A = P(1 + rt)

Where:

<span>·         </span>A = Total Accrued Amount (principal + interest)

<span>·         </span>P = Principal Amount

<span>·         </span>I = Interest Amount

<span>·         </span>r = Rate of Interest per year in decimal; r = R/100

<span>·         </span>R = Rate of Interest per year as a percent; R = r * 100

<span>·         </span>t = Time Period involved in months or years

A = 15,000(1+ 0.07(5))

A = 20,250 they acquired in total for 5 years

The yearly amount the get is 15,000 xx 0.07 = $ 1050 per year

So in the next 25 years addition of 1050x25 = $26250 they will get

7 0
3 years ago
Other questions:
  • What is the probability of obtaining two tails when flipping a coin
    11·1 answer
  • What is the radius of a circle with an area of 400(pi) cm^2?
    5·1 answer
  • What's the product of 21 and (6.3 times 10-4)
    6·1 answer
  • A submarine submerged at a depth of -35.25 meters dives an additional 8.5 meters.
    9·1 answer
  • A salesperson earns $350 per week plus 12% of her weekly sales. The expression representing her earnings is 350+0.12x. which of
    14·2 answers
  • How do you do this problem?
    14·2 answers
  • Consider the following data on 20 chemical reactions, with Y = chromatographic retention time (seconds) and X = molecular weight
    8·1 answer
  • Which expression is equivalent to the area of metal sheet required to make this square-shaped traffic sign? I WILL GIVE BRAINLYI
    13·1 answer
  • The third part lol helppppppppppppppppppppppppppppppppppppppppp
    8·2 answers
  • Find each product mentally using the Distributive Property. Show the steps that you used. For 6x13 in distributive property​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!