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
Bogdan [553]
3 years ago
11

On the day that Tony was born his grandmother invested $2200 in a certificate of deposit that pays a 3% interest

Mathematics
1 answer:
galben [10]3 years ago
3 0

Answer:

$3530.3541

Step-by-step explanation:

Given that:

Principal = 2200

Interest rate compounded annually (r) = 3%

Time (t) = 16 years

Using the compound interest formula :

A = P(1 + r/n)^n*t

A = final amount

n = number of times interest is applied per period

A = 2200(1 + 0.03)^16

A = 2200(1.03)^16

A = 2200 * 1.60470643909878751793

A = $3530.3541

Hence, amount in account on his 16th birthday will be $3530. 3541

You might be interested in
In this formula, n represents the _____ .
san4es73 [151]

Answer:

a. number of periods over which interest is calculated on the loan

Step-by-step explanation:

A formula should always be accompanied by an explanation of what it calculates and the meaning of each of its variables. This formula calculates P, the periodic payment on a loan of n periods at interest rate i (compounded) per period. The principal amount of the loan is PV.

___

The same formula can also be used to calculate an annuity from which payment P is received at the end of each of n periods. The amount invested is PV and the interest rate per period (compounded per period) is i.

3 0
3 years ago
Let f(x)=√7x and g(x)=x+8, whats the smallest number that is the domain of f^o g?
Ludmilka [50]
(f○g)(x)=√(7(x+8))

(f○g)(x)=√(7x+56)

Since there is no real square root of a negative value, the smallest value in the domain would make the radicand equal to zero.  x=-8 is the smallest number in the domain of (f○g)(x)
6 0
3 years ago
We "nhc-wgyb-vmg" will be playing some games and have fun with g ​
MrRa [10]

Answer: ok cool- . .

8 0
2 years ago
52,908 round to the nearest hundred.
IrinaVladis [17]

The hundredth is the 3rd number after the decimal place (so the 9). Look at the number before it and if it is 5 or above then round it to the next hundredth. In this case it is only a zero so we don't change the 9 just substitute it 0's. Therefore the answer is 52,900.

If you need further help let me know, hope this helped you.

6 0
3 years ago
Which function has the largest slope?
photoshop1234 [79]
C as you know what you’re going through to your point of what time you’re leaving the school you
4 0
3 years ago
Read 2 more answers
Other questions:
  • Linear function f(x) = x is graphed on a coordinate plane. The graph of a new line is formed by changing the slope of the origin
    10·1 answer
  • What is 138÷12 to the nearest cent
    7·2 answers
  • Lines s and L are perpendicular.If the slope of the line s is 5, what is the slope of the line f?
    6·1 answer
  • Susannah made the line plot below to show the distances she hiked each day in the past two weeks.
    9·2 answers
  • An isometric transformation was applied to triangle
    7·2 answers
  • PLEASE HELP ME I DONT UNDERSTAND
    9·1 answer
  • 3) What operation do you need to use when you factor out the greatest
    13·1 answer
  • What is the range of possible sizes for x?
    6·2 answers
  • Four less than the product of one and a number 2.
    13·1 answer
  • Find the value of x.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!