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
LuckyWell [14K]
2 years ago
14

On April 1, Preston McCord deposited $1,400 in a savings account that pays annual interest of 3.2%

Mathematics
1 answer:
lesya692 [45]2 years ago
4 0

Answer:

After 6 months, the interest generated by the investment would be $21.10.

Step-by-step explanation:

To determine the interest that Preston McCord could earn by investing $ 1,400 in an account that pays 3.2% annual interest compounded monthly, leaving said money invested for a period of 6 months, it is necessary to perform the following calculation:

X = 1,400 x (1 + 0.032 / 6) ^ 0.5x6

X = 1,421.10

1421.10 - 1400 = 21.10

Thus, after 6 months, the interest generated by the account will be $ 21.10.

You might be interested in
The school wishes to purchase 2500 pens and have discovered that 3 stores sell the same model pen.Which store has the best buy ?
8_murik_8 [283]
Store\ A:  \frac{0.5}{15}=0.0333\ cents\ per\ pen \\  \\ Store\ B: \frac{1.7}{50}=0.034\ cents\ per\ pen \\  \\ Store\ C: \frac{0.9}{30} =0.03\ cents\ per\ pen \\  \\ Store\ C\ is\ the\ cheapest.
7 0
3 years ago
PLEASE I AM ASKING FOR HELP DESPERATELY! Which is NOT a good reason to establish a positive credit history?
otez555 [7]

Answer:

B.

Step-by-step explanation:

The purpose of establishing a good credit history is to show that you are able to handle money. The higher your credit score is, the more responsible you are with money.

You can build good credit history by making payments with a credit card and repaying your purchases. It shows that if the bank were to give you a larger sum of money, you would pay it back.

As such, B is incorrect. The purpose of credit relates to purchases. A is obviously correct for this reason. C is correct because banks are likely to put less interest, as interest correlates to the score (lower credit score, higher interest). D is correct because banks allow you to obtain credit cards with better rates if your credit score is high enough.

Employers cannot determine your qualification for a job based on a credit score. Some states even prohibit this. For this reason, B is incorrect.

8 0
3 years ago
6) 2(n + 5) = -2<br> help i wasn’t paying attention in my google meet
bonufazy [111]

Answer: the answer is -6

2(n+5) = -2

2n + 10 = -2

2n = -2 - 10

2n = -12

2n *1/2 = -12 * 1/2 = -6

n = -6

5 0
3 years ago
Read 2 more answers
What is the answer to The sum of 2 numbers is 19 and their difference is 3? And thank you brainly for helping. I need the answer
saul85 [17]

Answer:

11 and 8

Step-by-step explanation:

11+8=19

11-8=3

6 0
2 years ago
Read 2 more answers
One out of every 25 workers at Dean Shipyard filed for Workers' Compensation this year. What percent of the workers filed for Wo
Len [333]
4% of workers filed for Workers' Compensation because 1/25 is equal to 4%.
6 0
3 years ago
Read 2 more answers
Other questions:
  • In the equation x^2-6x+8=0 what are the solutions for x
    6·2 answers
  • Adam earns $75 per week mowing lawns. This can be represented by the function f(x) = 75x. Each week he deposits this money into
    14·1 answer
  • What is the graph of the function rule y=|3x|-1
    13·1 answer
  • What is the IQR <br>20<br>24 <br>28​
    12·2 answers
  • What other story element is most affected by the narrator's point of view?
    11·1 answer
  • Maria has 6 pizza slices and wants to split them among her and 8 other friends. If each person gets the same amount, how much of
    12·2 answers
  • HEELLLP LIKE RIGHT NOW! PLSSS
    7·1 answer
  • Writing an Equation in Slope-Intercept Form
    7·1 answer
  • The conditional relative frequency table was calculated by row using data from a survey of one station’s television programmin
    6·1 answer
  • Please help! I am confused.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!