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aev [14]
3 years ago
5

What is the measure of the secant CD

Mathematics
1 answer:
Zielflug [23.3K]3 years ago
8 0
<span>The answer to your question is 3.</span>
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You deposit $300 in a savings account that pays 6% interest compounded semiannually. How much will you have at the middle of the
Makovka662 [10]

Answer:

  • The total amount accrued, principal plus interest,  from compound interest on an original principal of  $ 300.00 at a rate of 6% per year  compounded 2 times per year  over 0.5 years is $ 309.00.

  • The total amount accrued, principal plus interest,  from compound interest on an original principal of  $ 300.00 at a rate of 6% per year  compounded 2 times per year  over 1 year is $ 318.27.

Step-by-step explanation:

a)  How much will you have at the middle of the first year?

Using the formula

A\:=\:P\left(1+\frac{r}{n}\right)^{nt}

where

  • Principle = P
  • Annual rate = r
  • Compound = n
  • Time  = (t in years)
  • A = Total amount

Given:

Principle P = $300

Annual rate r = 6% = 0.06 per year

Compound n = Semi-Annually = 2

Time (t in years) = 0.5 years

To determine:

Total amount = A = ?

Using the formula

A\:=\:P\left(1+\frac{r}{n}\right)^{nt}

substituting the values

A=300\left(1+\frac{0.06}{2}\right)^{\left(2\right)\left(0.5\right)}

A=300\cdot \frac{2.06}{2}

A=\frac{618}{2}

A=309 $

Therefore, the total amount accrued, principal plus interest,  from compound interest on an original principal of  $ 300.00 at a rate of 6% per year  compounded 2 times per year  over 0.5 years is $ 309.00.

Part b) How much at the end of one year?

Using the formula

A\:=\:P\left(1+\frac{r}{n}\right)^{nt}

where

  • Principle = P
  • Annual rate = r
  • Compound = n
  • Time  = (t in years)
  • A = Total amount

Given:

Principle P = $300

Annual rate r = 6% = 0.06 per year

Compound n = Semi-Annually = 2

Time (t in years) = 1 years

To determine:

Total amount = A = ?

so using the formula

A\:=\:P\left(1+\frac{r}{n}\right)^{nt}

so substituting the values

A\:=\:300\left(1+\frac{0.06}{2}\right)^{\left(2\right)\left(1\right)}

A=300\cdot \frac{2.06^2}{2^2}

A=318.27 $

Therefore, the total amount accrued, principal plus interest,  from compound interest on an original principal of  $ 300.00 at a rate of 6% per year  compounded 2 times per year  over 1 year is $ 318.27.

3 0
3 years ago
2x−5 = 3 (1−x)+22?<br> is x=6?
scoray [572]

Answer:

x=6

Step-by-step explanation:

You are correct. x does equal 6

6 0
3 years ago
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Solve the system of inequalities. (Note: you may need to adjust your scale on the coordinate plane.) Show work
Mars2501 [29]

Answer:

Step-by-step explanation:

8 0
2 years ago
20 points
g100num [7]

Answer:

the answer is 7/12 hours

Step-by-step explanation:

4 0
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Please helpppp thank y’all
julsineya [31]

Answer:

105

Step-by-step explanation:

since its  a straight line it would add up to 180 degrees so 52 + 23 + 75 and you need 180 so 180-75 which gives 105 which is the missing angle

6 0
3 years ago
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