Plz hellpp Meee Options: A: 1/4 B:4 C:-1/4 D:-4

Nazerhy deposits $8,000 in a certificate of deposit. the annual interest rate is 6%, and the interest will be compounded quarter

Bess [88]

The worth of the certificate in 10 years would be $14,512.15

Compound Interest and Its Formula

Compound interest is the type of interest based investment that causes initially modest sums of money to eventually increase to big sums. The formula for compound interest is given by,

$A = P(1+\frac{r}{n})^{nt}$

Here,

A is the final worth of the investment

P denotes the Principal amount of money that is invested

r denotes the rate of the compound interest

t denotes the time period in years

n denotes the number of times interest is compounded in one year

Given Information

P = $8,000

r = 6% = 0.06

n = 4 (∵ Compounded quarterly)

t = 10 years

Solving for A

Substituting the values of P, r, n, and t in the above mentioned formula of compound interest, we get,

$A = 8,000(1+\frac{0.06}{4})^{4*10}$

$A = 8,000(\frac{4.06}{4})^{40}$

$A = 8,000* 1.8140184$

$A = 14,512.14726$

Rounding the answer to two decimal places, we get,

$A = 14,512.15$

Therefore, Nazerhy would get $14,512.15 after 10 years.

Learn more about compound interest here:

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7 0

2 years ago

What was discovered because of the changing phases of the moon? Please Help!!! Will Give Lots Of Points!

elena-14-01-66 [18.8K]

Answer:

Firstly, the moon keeps changing its shape with 4 distinct moon phases that depend on the position of the moon and also on the position of the Earth. The moon orbits around the planet Earth, and the Earth orbits around the Sun.

Step-by-step explanation:

5 0

2 years ago

Use the formula r=log^10L, where r is the measurement of the Richter scale and l is the intensity, to find the Richter scale mea

Alborosie

Answer:

9.264817823

Step-by-step explanation:

If you use your calculator, press the log function button. Then type this (10 x 184,000,000). It will now give you your final answer.

7 0

2 years ago

Simplify cos^-1 (sqrt 3/2) A. 60° B. 30° C. 240° D. 150°

Fantom [35]

B.) 30 degrees would be correct here

7 0

3 years ago

In a NiCd battery, a fully charged cell is composed of Nickelic Hydroxide. Nickel is an element that has multiple oxidation stat

Westkost [7]

Answer:

P(cell has at least one of the positive nickel-charged options) = 0.83.

P(a cell is not composed of a positive nickel charge greater than +3) = 0.85.

Step-by-step explanation:

It is given that the Nickel Charge Proportions found in the battery are:

0 ==> 0.17

.

+2 ==> 0.35

.

+3 ==> 0.33

.

+4 ==> 0.15.

The numbers associated to the charge are actually the probabilities of the charges because nickel is an element that has multiple oxidation states that is usually found in the above mentioned states.

a) P(cell has at least one of the positive nickel-charged options) = P(a cell has +2 nickel-charged options) + P(a cell has +3 nickel-charged options) + P(a cell has +4 nickel-charged options) = 0.35 + 0.33 + 0.15 = 0.83.

Or:

P(a cell has at least one of the positive nickel-charged options) = 1 - P(a cell has 0 nickel-charged options) = 1 - 0.17 = 0.83.

b) P(a cell is not composed of a positive nickel charge greater than +3) = 1 - P(a cell is composed of a positive nickel charge greater than +3)

= 1 - P(a cell has +4 nickel-charged options) '.' because +4 is only positive nickel charge greater than +3

= 1 - 0.15

= 0.85

To summarize:

P(cell has at least one of the positive nickel-charged options) = 0.83!!!

P(a cell is not composed of a positive nickel charge greater than +3) = 0.85!!!

8 0

2 years ago