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
Levart [38]
2 years ago
10

A teacher saves P5,000 every 6 months in the bank that pays 0.25% compounded monthly. How much will be her savings after 10 ears

?
History
1 answer:
Kazeer [188]2 years ago
3 0

Answer: $101,197

Explanation:

First find the periodic interest rate for 6 months because the rate is per year.

= 0.25% / 2

= 0.125%

There are 2 semi annual periods in a year so in 10 years:

= 2 * 10

= 20 periods

Use future value of annuity formula:

= Amount * ((1 + rate)^periods - 1) / rate

= 5,000 * (( 1 + 0.125%) ²⁰ - 1) / 0.125%

= $101,196.45

= $101,197

You might be interested in
In which section of the Declaration of Independence is the purpose of government described?
DaniilM [7]

Answer:

preamble

Explanation:

Declaration of Independence is the purpose of government', this is described in the 'Preamble' section.

8 0
3 years ago
In the ancient kingdom of mali and in the roman republic an important feature of life was the development of
Vinvika [58]
The answer is Codified laws.
3 0
2 years ago
The main motivation for imperialism was
Assoli18 [71]

Answer:    The five main motives for imperialism include exploration, economic expansion, increased political power, the diffusion of ideological beliefs, and the spreading of religious beliefs and practices to others.

7 0
3 years ago
Probably the most important decision the supreme court made was
trapecia [35]
I would go with Brown v Board of Education. It gave more rights to African Americans and made them one step closer into beating segregation. Through the court case, segregation in schools was deemed unconstitutional, and so was segregation in other public places.
4 0
3 years ago
How did the Supreme Court ruling in the Maculloch vs Maryland case expand federal power
Bogdan [553]

Answer:

Answer Below-

Explanation:

McCulloch v. Maryland (1819) is one of the first and most important Supreme Court cases on federal power. In this case, the Supreme Court held that Congress has implied powers derived from those listed in Article I, Section 8. The “Necessary and Proper” Clause gave Congress the power to establish a national bank.

Hope this helps

6 0
3 years ago
Read 2 more answers
Other questions:
  • Which Supreme Court case resulted in due process rights for adults being available for juveniles accused of crimes?
    13·2 answers
  • The Mexicans are to North America as the Incas are to:
    5·1 answer
  • The journey from West Africa to the West Indies and British North America was also known as the
    13·2 answers
  • Which heading best completes the partial outline below?
    14·1 answer
  • What was Jefferson referring to as the, Fire bell in the Night? (1821)
    7·1 answer
  • Who was the United States Secretary of State that proposed a plan to give aid to European countries after WWII?
    15·1 answer
  • Which is an effect of the attack on Pearl Harbor
    13·1 answer
  • Please help if you know the correct answer. I’ll give brainliest
    8·1 answer
  • Why did president Truman say that foreign aid was critically important?
    14·1 answer
  • Which languages are Romance languages?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!