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Alona [7]
3 years ago
8

Find how much interest $10,000 earns in 2 years in a certificate of deposit paying 5.5% interest compounded quarterly.

Mathematics
2 answers:
Sunny_sXe [5.5K]3 years ago
5 0

Answer:

  • $1154.42

Step-by-step explanation:

<u>Given:</u>

  • Deposit amount P = $10000
  • Interest rate r = 5.5% or 0.055
  • Time t = 2 years
  • Number of compounds n = 4

<u>The interest is:</u>

  • P*(1 + r/n)^(nt) - P =
  • 10000(1 + 0.055/4)^8 - 10000 =
  • 11154.42 - 10000 =
  • 1154.42
Levart [38]3 years ago
3 0

Answer:

How much interest can you earn on $10,000? In a savings account earning 0.01%, your balance after a year would be $10,001. Put that $10,000 in a high-yield savings account for the same amount of time, and you'll earn about $50.

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Igoryamba

Answer:

Step-by-step explanation:

The opposite angles in a quadrilateral theorem states that when a quadrilateral is inscribed in a circle, the angles that are opposite each other are supplementary, their degree measures add up to 180 degrees. One can apply this here by using the sum of (<C) and (<A) to find the measure of the parameter (z). Then one can substitute in the value of (z) to find the measure of (<B). Finally, one can use the opposite angles in a quadrilateral theorem to find the measure of angle (<D) by using the sum of (<B) and (D).

Use the opposite angles in an inscribed quadrialteral theorem,

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Substitute,

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Simplify,

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Inverse operations,

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z = \frac{187}{22}

Simplify,

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Simplify,

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