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
Julli [10]
3 years ago
13

A savings account was opened with an initial deposit and never touched again. An account that does not meet the minimum balance

requirement is charged a service fee.
Assuming the account was open with an initial deposit below the minimum amount, the current account balance, B, is equal to the product of the initial deposit, I, and the quantity of the difference of 1 and the monthly service fee, f, raised to the power of n, the number of months since the account was open.

If an initial deposit of $2,713.00 is made to the account with a monthly service fee of 5%, what will be the value of B after 13 months? Round to the nearest cent.
Mathematics
1 answer:
Flauer [41]3 years ago
7 0
The equation we're given looks like:
B=I(1-f)^n
Substituting the information we're given, we have:
B=2713(1-0.05)^1^3
This is the same as:
B=2713(0.95)^1^3
which gives us an answer of $1392.70.
You might be interested in
the spoke of a wheel reaches from the center of the wheel to its rim if the circumstance of the rim of the wheel is 27 inches ho
aleksley [76]
Circumference = 2*pi*r = 27"
Solve for r
r=27"/(2*pi)
=27"/(2*3.14159265)
=4.297..."
=4.30" (to the nearest hundredth of an inch)

7 0
3 years ago
A realtor sells a house for $460000. If she earns 3% of the houses price as a commission, how much is her commission?
aleksandrvk [35]

Answer:

$13,800

Step-by-step explanation:

Take 460,000 and multiply it by .03 (.03 is 3% as a decimal)

hope this helps! :D


7 0
3 years ago
11. Sylvia Norton's account
trasher [3.6K]

Answer:

Withdrawals: $346.48

Step-by-step explanation:

862.91 + 794.26 = 1657.17

1657.17

- 1310.69 = $346.48

5 0
3 years ago
A company will need $45,000 in eight years for a new addition. To meet the school, the company deposit money in an account today
Lena [83]

Answer:

$28,125

Step-by-step explanation:

28,125 x 0.05 = 1406.25 x 4 = 5625 x 8 = 45000

3 0
3 years ago
What 2 numbers multiplied = 108 and added = -72
NemiM [27]
First you multiple 6*18=108
Then -108+36=-72

That it
Good luck
5 0
3 years ago
Other questions:
  • Find an equation for the line with the given properties,express the equation in slope-intercept form. p=(-3,5) and q=(-2,3)
    14·1 answer
  • Y<2x+3
    14·2 answers
  • Which pair of figures has the same number of faces as vertices?
    5·2 answers
  • How do you solve this ? 4v^2-3=-v
    9·1 answer
  • Solve the system by graphing.<br><br> 3x+8y=16<br><br> 3x+8y=-64
    13·1 answer
  • Which model represents the factors of x2 + 9x + 8?<br><br>Choices below:
    14·2 answers
  • PLS HELP I DONT GET THIS SHOW WORK PLS FOR ME TO UNDERSTAND
    11·2 answers
  • All sides are congruent.
    8·1 answer
  • Marcy wants to know which type of book is most commonly checked out by visitors of her local public library. She surveys people
    6·1 answer
  • If f(x) = 4x²-2 then f(-3) is​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!