$567.86
The total amount accrued, principal plus interest, with compound interest on a principal of $500.00 at a rate of 4.25% per year compounded 12 times per year over 3 years is $567.86.
Answer: 11:11
Step-by-step explanation:
The ratio is 11 nickles to 11 dimes, Take away the names of the coins and there is your answer. (If i'm correct)
You multiply the 2 values together to get 1.5*10^12
The equation a = 100 + 75d represents Maria's account balance.
<u>Step-by-step explanation:</u>
Given that,
- Maria opened a new savings account with an initial deposit of $100.
- She deposits $75 into this savings account every two-weeks.
You need to find the equation to represent Maria's account balance, a after she has completed d deposits.
- Let 'd' be the number of deposits Maria made after the initial deposit.
- Let 'a' be the total account balance after 'd' deposits.
Therefore, the equation for the total account balance can be framed as the sum of the initial deposit and amount deposited after that.
<u>To find the amount that was deposited after the initial deposit :</u>
⇒ $75 × number of times Maria deposited.
⇒ 75 × d
The equation is written as,
⇒ a = 100 + 75d
Hence the equation a = 100 + 75d represents Maria's account balance.
