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
MArishka [77]
3 years ago
15

Ernesto has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent, how much will he have i

n 3 years?
Mathematics
1 answer:
Paul [167]3 years ago
3 0

Answer: $81.03

Step-by-step explanation:

The interest is compounded annually which means that the future value formula applies:

Future value = Amount * ( 1 + rate) ^ number of years

Amount = $70

Rate = 5%

Number of years = 3 years

In 3 years, Ernesto will have:

= 70 * ( 1 + 5%)³

= $81.03

You might be interested in
What is 46/200 as a decimal
barxatty [35]
Simple way of finding the decimal value : -

=> 46/200
Divide numerator and denominator by 2
=23/100
As 100 is in denominator, shift decimal by 2, i.e
= 0.23

Answer = 0.23
6 0
3 years ago
At a bus station, buses begin their routes at 6 a.M. The schedule for two of the buses is based on the time intervals listed bel
Marianna [84]

Answer:

The next time both will leave the bus station at the same time is 7:15 a.m.

Step-by-step explanation:

Since 15 and 75 are multiples to each other.

So, L.C.M. of 15 and 75 is 75.

So, after 75 minutes both buses will leave the station at the same time.

Also since buses begin their routes at 6 a.m.

So, next time they will meet at

6 hours 0 minutes + 75 minutes = 7 hours 15 minutes = 7:15 a.m.

7 0
3 years ago
Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1 divided by 12 of
asambeis [7]

The monthly interest payment is 162

<h3>What is Interest?</h3>

Interest, in its most simple form, is calculated as a percent of the principal.

First,

monthly interest rate,

= 0.24/12

= 0.02.

Now,

Average monthly interest,

=0.02×$675

= $13.50.

Thus, the annual interest payments,

= 12×$13.50

= $162

Learn more about this concept here:

brainly.com/question/1435782

#SPJ1

3 0
1 year ago
4x - 3y = 12<br> 4x - 5y = -4<br> Solve using Elimination
mr_godi [17]

Answer:

{ \rm{4x - 3y = 12 -  -  -  \{eqn(a) \}}} \\ { \rm{4x - 5y =  - 4 -  -  -  \{eqn(b) \}}}

• subtract eqn(b) from eqn(a);

{ \underline{ \rm{  - \binom{4x - 3y = 12}{4x - 5y =  - 4} }}} \\ { \rm{0x + 2y = 16}} \\  \\ { \rm{2y = 16}} \\  \\ { \boxed{ \tt{ \:  \: y = 8 \:  \:   }}} \\

• find x :

{ \rm{4x - 3y = 12}} \\ { \rm{4x - 3(8) = 12}} \\ { \rm{4x = 36}} \\  \\ { \boxed{ \tt{ \:  \: x = 9 \:  \: }}}

8 0
2 years ago
Read 2 more answers
(x - 3)2 + (y + 2)2 = 4​
vazorg [7]
As a function this is x=3 y=3
4 0
3 years ago
Read 2 more answers
Other questions:
  • Zoom in to see it clear :)
    10·1 answer
  • Please help me !
    14·1 answer
  • Each of four friends orders a sweatshirt from a catalog. There are 14 colors of sweatshirts, 7 of which are all cotton and 7 of
    12·2 answers
  • Ina thangle A, B, C has sidos AB= (2m, BC=12, and
    7·1 answer
  • Please help me I really need help with this
    7·1 answer
  • -2+2x=4 help meeeeeeeeeeeeeeeeeeeeee
    13·1 answer
  • The Murphin Company has 2,342 employees and the Galdstock Company has 1,750 employees. How many fewer people work at the Galdsto
    7·1 answer
  • Find the zero of the following function: f(x)=2/3(x)+6
    14·1 answer
  • A=8, b=?, c=16 find the missing side
    9·1 answer
  • 40 points!!! please help
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!