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
givi [52]
2 years ago
5

Suppose that when Emma was born, her grandparents deposited $20,000 into an account paying 5% interest compounded quarterly. Wha

t will the balance be when Emma turns 18? Round to the nearest cent
Mathematics
1 answer:
neonofarm [45]2 years ago
4 0

Answer: The balance when Emma turns 18 = $ 48,132.38

Step-by-step explanation:

When interest is compounded quarterly, the accumulated amount after t years will be :

A= P(1+r)^t

, where P =  principal, r= rate of interest( in decimal)

Given: P= $ 20,000 , r= 5% =0.05

t = 18 years

A = 20000(1+0.05)^{18}\\\\= 20000(1.05)^{18}\\\\= 20000(2.406619)\\\\=\$\ 48,132.38

The balance when Emma turns 18 = $ 48,132.38

You might be interested in
PLZ HELP!!!!!!! <br><br> Evaluate.<br><br> 43−4÷2⋅5<br><br> 20<br> 40<br> 54<br> 150
vitfil [10]
Isnt it 33 ////??? thats what i got.
6 0
3 years ago
Read 2 more answers
Solve the equation 9x + 3y -2x
DiKsa [7]
Hope this helps 

Good luck mate :P

4 0
3 years ago
Quadrilateral A'B'C'D' is the image of quadrilateral ABCD under a dilation
Talja [164]
Correct answer is B.
4 0
3 years ago
Calculate the Laplace transforms of the following from the definition. 1. y = t^2. y = t^3
Likurg_2 [28]

Answer:

1) L(y)=\frac{2}{s^{3}}

2) L(y)=\frac{6}{s^{4}}

Step-by-step explanation:

To find : Calculate the Laplace transforms of the following from the definition ?

Solution :

We know that,

Laplace transforms of t^n is given by,

L(t^n)=\frac{n!}{s^{n+1}}

1) y=t^2

Laplace of y,

L(y)=L(t^2) here n=2

L(y)=\frac{2!}{s^{2+1}}

L(y)=\frac{2}{s^{3}}

2) y=t^3

Laplace of y,

L(y)=L(t^3) here n=3

L(y)=\frac{3!}{s^{3+1}}

L(y)=\frac{3\times 2}{s^{4}}

L(y)=\frac{6}{s^{4}}

5 0
2 years ago
The picture is incorrect but what is the correct value of x
Monica [59]
Start with -3x + 2 = -7
Subtract 2 from each side
-3x = -9
Divide each side by -3
x = 3
6 0
3 years ago
Other questions:
  • Find the range of f(x) = -x2 + 1 for the domain {-2, 0, 2}
    7·1 answer
  • Solve the equation using the zero product principle<br> (x-3)(x+6)=0
    14·1 answer
  • What is 27 is what % of 60?
    6·1 answer
  • What is the volume of this figure?
    8·1 answer
  • WHO'S UP AND WANTS TO HELP??
    7·1 answer
  • Which conic section is represented by the following equation? 9x^2 – 5x – 3y^2 – 2y + 4 = 0
    7·2 answers
  • A coach surveyed a random sample of 200 college athletes about their height.
    15·1 answer
  • Thomas bought two and one half dozen eggs costing 45.00. He sold each eggs for 2.00. Did he make a profit or a loss and by how m
    5·1 answer
  • Answer the photo below thanks
    6·2 answers
  • Suppose that you and a friend are playing cards and you decide to make a friendly wager. the bet is that you will dr6aw two card
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!