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
Butoxors [25]
3 years ago
15

If you put $10 in a savings account at the beginning of each month for 15 years, how much money will be in the account at the en

d of the 10th year? assume that the account earns 12% compounded monthly and round to the nearest $1. $5,046
Mathematics
1 answer:
Vika [28.1K]3 years ago
6 0
After 10 years, there will have been 120 deposits. The last one earns 12%/12 = 1% interest, so is mutipied by 1.01. The one before is multiplied by 1.01². Overall, you have the sum of a geometric series of 120 terms with first term 10.10 and common ratio 1.01. That sum is given by the general formula
  Sn = a1·(r^n -1)/(r -1)
  S120 = 10.10(1.01^120 -1)/(1.01 -1)
  S120 = 1010·2.30038689 ≈ 2323

At the end of the 10th year (before the first deposit of the 11th year), the account balance will be
  $2,323
You might be interested in
4. Write the equation in standard form: y=3/4x – 6
wariber [46]
Y=3x/4-6

doing this is thinking of it in a matter of geometric figure and how you would plot it on a graph and this is the only way it would look write.
7 0
3 years ago
5-2×=13 <br>cual es el numero para 2x<br>​
olya-2409 [2.1K]

Answer: 39

Step-by-step explanation: x=13. so 5-2=3 x 13 = 39   espero que esto ayude :)

3 0
3 years ago
Possible
Alecsey [184]
<h3>Answer:  Independent</h3>

For two events A and B, if the occurrence of either event in no way affects the probability of the occurrence of the other event, then the two events are considered to be <u>  independent  </u> events.

=========================================================

Explanation:

Consider the idea of flipping a coin and rolling a dice. If these actions are separate (i.e. they don't bump into each other), then one object won't affect the other. Hence, one probability won't change the other. We consider these events to be independent.

In contrast, let's say we're pulling out cards from a deck. If we don't put the first card back, then the future probabilities of other cards will change. This is considered dependent.

3 0
2 years ago
A certain disease has an incidence rate of 0.7%. If the false negative rate is 5% and the false positive rate is
Alex_Xolod [135]
I think it will be 3.7%hope it’ works
8 0
2 years ago
72 inches equals how many yards?
ValentinkaMS [17]

Answer:

2 yards

Step-by-step explanation:

divide the length value by 36

72/36=2

7 0
3 years ago
Other questions:
  • Chi needs to simplify the expression below.
    5·2 answers
  • Find the slope and y-intercept of the line.<br><br> 12x + 2y = –60
    6·1 answer
  • What is 9% converted to a fraction
    13·2 answers
  • 4. What is the correct simplified form? See picture
    9·1 answer
  • How many dimes are in $1000? A) 100 B) 1,000 C) 10,000 D) 100,000 E) 1,000,000
    14·2 answers
  • Find all real square roots of -36
    14·2 answers
  • the ratio of large triangles to small triangles is 2-6 .If there are 100 triangles in the design ,how many small triangles are t
    7·1 answer
  • Please help ‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎
    7·1 answer
  • Graph y = -1/3x+5<br><br> will give brainiest
    14·1 answer
  • A surgery asks 25 people if they prefer brand A of brand B laundry detergent. The data show that 12 people prefer brand A. Write
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!