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
Mekhanik [1.2K]
3 years ago
7

What is interest earned on 3500 invested at 6% compounded quarterly or 12 years

Mathematics
1 answer:
enyata [817]3 years ago
6 0
\bf \qquad \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$3500\\
r=rate\to 6\%\to \frac{6}{100}\to &0.06\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly, thus four}
\end{array}\to &4\\
t=years\to &12
\end{cases}
\\\\\\
A=3500\left(1+\frac{0.06}{4}\right)^{4\cdot 12}\implies A=3500(1.015)^{48}

so, the interest earned then will be  A - 3500.
You might be interested in
If x equals 6, what is the order of the angles from smallest to largest degree?
aleksandrvk [35]

Answer:

A

Step-by-step explanation:

just find the value , and you will get tje answer

8 0
3 years ago
Read 2 more answers
How many times does 8 go into the 7 1/2
Tcecarenko [31]

Answer:

0.9375

Step-by-step explanation:

1/2=0.5

7.5÷8

=0.9375

barely even once

7 0
2 years ago
Pleaseeee I beg you. Help me!
kondor19780726 [428]

Answer:

3X+8 IS THE ANSWER FOR EQUATION

26 IS 2ND ANSWER

<u><em>Please mark as brainliest</em></u>

Have a great day, be safe and healthy

Thank u  

XD

4 0
3 years ago
Read 2 more answers
A customer service representative earns 13 an hour and he works 52 hours a week what is his weekly wage
loris [4]

Answer:

$676

Step-by-step explanation:

13*52=676

5 0
3 years ago
Read 2 more answers
Teresa sold t-shirts at a festival and made a profit of $75. She made $4 for each t-shirt she sold. Her total expenses were $25.
Paha777 [63]
She sold 25 t-shirts cuz she made $75 and spent $25 which means she sold $100 worth of shirts which divided by $4 a piece is 25 t-shirts.

4 0
3 years ago
Other questions:
  • It was recently estimated that uninsured vehicles out number insured ones by about 6 to 5 if there are 2002 vehicles in a county
    6·1 answer
  • Logarithm help needed
    12·1 answer
  • The length of a rectangle is 5 units more than the width. The area of the rectangle is 36 units. What is the length, in units, o
    10·2 answers
  • Do I just fill this in myself w my own info???
    15·1 answer
  • . A bag contains 15 balls of which x are red.
    9·1 answer
  • F ( x ) = x/3 -2 f (42 )
    11·1 answer
  • Rosalyn is planning to sell her apartment complex. Ten years ago, she bought the eight-room complex for $420,000.
    11·2 answers
  • 29. The table shows the average annual salary in dollars based on the minimum level of education required for two occupations. B
    5·1 answer
  • The graph shows the amount of gas that Dario's car uses to travel different distances.
    7·1 answer
  • The equation 2x square + 2y squareminus 8x -12y+16=0​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!