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
crimeas [40]
2 years ago
9

$1000 is invested at 2.9% annual interest for 6 months. a. Simple Interest b. Compound Interest

Mathematics
1 answer:
kirza4 [7]2 years ago
8 0

Answer:

a. Simple interest = $174

b. Compund interest = $1187.1

Step-by-step explanation:

Given the following data;

Principal, P = $1000

Interest, R = 2.9%

Time, T = 6 months

a. To find the simple interest;

S.I = (PRT)/100

S.I = (1000*2.9*6)/100

S.I = 17400/100

S.I = $174

b. To find the compound interest;

A = P(1 + \frac{r}{100})^{t}

Substituting into the formula, we have;

A = 1000(1 + \frac{2.9}{100})^{6}

A = 1000(1 + 0.029)^{6}

A = 1000(1.029)^{6}

A = 1000(1.1871)

A = $1187.1

You might be interested in
E = mc2<br> please help ive been looking and i can’t find an answer for math.
goldfiish [28.3K]

Answer:

Don't really understand the question, but

7 0
3 years ago
Given the following function, find f(-2), f(0), and f(4).
borishaifa [10]

Answer:

f(-2) = 0

f(0) = -4

f(4) = 12

Step-by-step explanation:

Given the function f(x) = x^2 - 4, we must plug in the values substituting x for each of the answers.

f(-2) = (-2)^2 - 4

-2 times itself is a positive 4, therefore:

f(-2) = 4 - 4

f(-2) = 0

We do the same for each answer.

f(0) = (0)^2 - 4

f(0) = -4

f(4) = (4)^2 - 4

f(4) = 16 - 4

f(4) = 12

6 0
3 years ago
A community swimming pool is 90 2/5 feet long and 55 1/2 feet wide. If Natalie swims the perimeter of the pool four times, what
Drupady [299]

Answer:

the right answer is 254

Step-by-step explanation:

902/5+551/2

=63.5

and Natalie swims the pool 4 times

therefore,

4×63.5=254

3 0
3 years ago
How many times does 10 go into 100,000,000,000,000,000?
PilotLPTM [1.2K]
100,000,000. this is how many times 1<span>0 goes into 100,000,000,000,000,000</span>
4 0
2 years ago
Read 2 more answers
Ryan earns $20 for every lawn that he mows.<br> How much will Ryan earn if he mows 15 lawns?
Fiesta28 [93]

20*15=300

It's "too short", but there's not much else to say here.

6 0
3 years ago
Read 2 more answers
Other questions:
  • The length of a rectangle is 16 inches, and it's area is (32x + 48) square inches. Factor the expression for the area. Write an
    5·1 answer
  • In triangle ABC, what is the measure of angle C​
    9·2 answers
  • In solving the inequality -3x &lt; 9, you would divide both sides of the inequality by -3 and flip over the inequality symbol. t
    12·1 answer
  • What is 0.727272 as a simplified fraction?
    8·1 answer
  • a salesperson receives a 2.5% commission on sales. what commission does the salesperson receive for $8000 in sales?
    9·1 answer
  • Which pair of addends form compatible numbers in the expression 6.1 + 8.4 + 1.6
    9·1 answer
  • How many solutions does this have
    6·2 answers
  • On Jerry's text message plan she pays 0.80 for every 20 message. what is cost per message?​
    5·1 answer
  • Equation in point slope form for the line That passes through the given points (-4,6) (-2,22)
    9·1 answer
  • Ilean works as a welder and web designer. As a welder, she earns $18 per hour. Last week she worked 푥 hours as a welder and her
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!