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
laiz [17]
3 years ago
15

Balance on a 20,000 deposit earning 3.5% compounded quarterly after 10 years

Mathematics
1 answer:
Lemur [1.5K]3 years ago
7 0

~~~~~~ \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}\dotfill &\$20000\\ r=rate\to 3.5\%\to \frac{3.5}{100}\dotfill &0.035\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, thus four} \end{array}\dotfill &4\\ t=years\dotfill &10 \end{cases}

A=20000\left(1+\frac{0.035}{4}\right)^{4\cdot 10}\implies A=20000(1.00875)^{40}\implies A\approx 28338.18

You might be interested in
If 3.485 ÷ 5.1 is written in long division form as so that the divisor is written as a whole number, where should the decimal po
sineoko [7]
It is 3.485 in the inside and 5.1 at the outside but the answer is <span>0.68333333333</span>
8 0
3 years ago
•What is the domain for the graph below?
solmaris [256]
C All real numbers except 5 and 0
6 0
3 years ago
Read 2 more answers
Pretty pplease help :))
Sunny_sXe [5.5K]

Answer:

Approx. 423.88 feet squared

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Zen deposited some money in a savings account. The graph below shows the value of Zen's investment y, in dollars, after x months
kifflom [539]

The y-intercept of 1000 in the graph is at the point where x is equal to 0.

At x=0, it means no month have passed. It is the initial point where Zen deposited the money.

What is the amount (y axis)? 1000!

So y represents the initial deposit of Zen, which is 1000.


ANSWER: Answer choice D (Amount of money Zen deposited in the savings account)

6 0
3 years ago
Read 2 more answers
Sorry again but i'm having trouble on this one
Lisa [10]

Answer:

m∠PNO = 60°

m∠O = 33°

Step-by-step explanation:

∡NPO is 87° because it's a vertical angle with the 87° angle

3) ∡PNO is supplementary to the 120° angle (they must add to 180°)

4) m∠O = 180 - (60 + 87) = 33

5 0
3 years ago
Other questions:
  • A child jumps off a bridge at 75 feet, if you calculate that you will have another 10 feet going down into the water, will you s
    12·1 answer
  • Can you please help me with 22.? (BE SERIOUS) (ITS DUE TOMORROW)
    7·1 answer
  • A piece of art is in the shape of an equilateral triangle with sides of 6 in. Find the area of the piece of art. Round your answ
    12·2 answers
  • what is the total surface area for a rectangular prism with dimensions of 7 cm 2cm 8cm in square centimeters​
    5·1 answer
  • Estimate the product. 3 1/3 X 4 1/8​
    5·1 answer
  • Please help me ASAP!!<br> Determine the intercepts of the line.
    11·2 answers
  • Which describes the difference between the two sequences?
    5·1 answer
  • A construction crew is using heavy equipment to dig a hole in which the foundation of a house will be built. The hole
    9·1 answer
  • You draw the rectangle with verticals at (-3.5, 3), (3.5, 3), and (-3.5, -3). What is the perimeter and area of the rectangle?
    8·1 answer
  • If p() = x2 - 1 and q(x) - 5(x-1), which expression is equivalent to (p - q)(x)?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!