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3 years ago

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:

Given:

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

The interest is:

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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The three-dimensional shape in the diagram on the right is a cube.

user100 [1]

Answer:

Step-by-step explanation:

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4 years ago

Fifty identical balls are numbered 1 through 50 and placed in a bucket. Then, a ball is randomly selected from the bucket. Selec

Drupady [299]

Answer:

Blank 1: 0.12

Blank 2: 0.18

Step-by-step explanation:

Out of 50, there are 6 numbers that contain the digit 5, (5, 15, 25, 35, 45, 50)

so when you take 0.06 and multiply it by 2 (because you have to multiply 50 by 2 to get 100), you get 0.12.

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3 years ago

The lengths of two sides of a right triangle are 5 inches and 8 inches. What is the difference between the two possible lengths

scZoUnD [109]

If 5 in and 8 in are legs:
hypotenuse = √(5²+8²) = √89 ≈ 9.4 in.

If 5 in is the leg and 8 in is the hypotenuse:
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The difference between the two possible lengths of the third side =
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3 years ago

Simplify: -1/2 (-5/6 + 1/3)

miskamm [114]

Answer:

1/4

Step-by-step explanation:

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3 years ago

Read 2 more answers

Is the following table a function? Why?

KonstantinChe [14]

Answer:

No, because on the Y row, it has both of the same numbers on that one row. Too make it more simpler, The y row has both 19 on it. Therefore, it is not a function.

Step-by-step explanation:

~Hope this helps! If this wasn't the answer you were looking for please don't hesitate to comment here or private message me. Have a nice day/night!! :)))~

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3 years ago