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
mario62 [17]
3 years ago
14

Allen and Ben both open new bank accounts with an initial

Mathematics
1 answer:
Nina [5.8K]3 years ago
7 0
Use Continuous Compound Interest Formula:
A = Pe^rt
A = Future Amount
P = Initial Amount
r = Interest rate
t = Time

%2 = 2/100
= 0.02

A = 500.00e^(0.02)(4)
A = 541.6435338

Round to nearest cent:
A ≈ 541.64 -> Final Answer.
You might be interested in
The distance a coiled spring stretches varies directly with the amount of weight hanging on the spring. If a spring stretches 2
STALIN [3.7K]

Answer:

5 cm

Step-by-step explanation:

The distance a coiled spring stretches varies directly with the amount of weight hanging on the spring.

Distance = D

Weight = W

Hence:

D ∝ W

D = kW

Where k is constant of proportionality

Step 1

We solve for k

If a spring stretches 2 cm when a 30 gram weight is hung from it.

2 = 30k

k = 2/30

k = 1/15

Step 2

how far will it stretch when a 75 gram weight is hung from the spring?

D = kW

We are solving for D

k = 1/15

D = 1/15 × 75

D = 5 cm

The spring would stretch 5cm with a weight of 75 gram.

3 0
3 years ago
The first term of a geometric sequence is –2 and the common ratio is -1/-4. What are the next three terms of the sequence?
masha68 [24]
-2 * 1/4 = -1/2
-1/2 * 1/4 = -1/8
-1/8*8 1/4 = -1/32

Correct choice is the first one.
5 0
3 years ago
Read 2 more answers
Find the total amount owed, to the nearest cent, for a simple interest loan with a principal of $2950, an interest rate of 7.4%
N76 [4]

Answer:

A = $ 3,283.44

A = P + I where

P (principal) = $ 2,950.00

I (interest) = $ 333.44

Step-by-step explanation:

A = P(1 + r/n)^nt

Where:

A = Accrued Amount (principal + interest)

P = Principal Amount

I = Interest Amount

R = Annual Nominal Interest Rate in percent

r = Annual Nominal Interest Rate as a decimal

r = R/100

t = Time Involved in years, 0.5 years is calculated as 6 months, etc.

n = number of compounding periods per unit t; at the END of each period

3 0
3 years ago
Jolene earned a 75% on her last quiz. If there were 8 questions, how many did she answer correctly
sveticcg [70]

Answer:

6

Step-by-step explanation:

100% / 8 questions= each question is worth 12.5 points

12.5*6=75

Therefore 6 were answered correctly

3 0
3 years ago
8x - 3x + 2 - x = ax + b<br> solve for b
kkurt [141]

Answer:

b = -ax + 4x + 2

Step-by-step explanation:

8x - 3x + 2 - x = ax + b

~Combine like terms

4x + 2 = ax + b

~Subtract ax to both sides

4x - ax + 2 = b

~Rewrite

b = -ax + 4x + 2

Best of Luck!

8 0
2 years ago
Other questions:
  • The value of the 2 in 204. 75 is how many times the value of the 2 in 103.52
    13·1 answer
  • The largest mass extinction in Earth's history occurred at the end of which era? A. Paleozoic B. Mesozoic C. Permian D. Triassic
    13·1 answer
  • If the initial population of panda was 100 and grew to 125 after the first year, which of the following functions best models th
    13·1 answer
  • If data for the topics below were collected and displayed in a frequency table, which topic would most likely need to be shown i
    8·1 answer
  • Find the value of 2x -1 when x+6=-2
    5·2 answers
  • How is the area of a sail related to the weight of the pilot on a hang glider?
    13·2 answers
  • PLEASE ANSWER QUICKLY WILL GIVE BRAINLIEST IF CORRECT
    5·2 answers
  • Susannah made the line plot below to show the distances she hiked each day in the past two weeks.
    9·2 answers
  • 6. Find the average of the middle 80% of the
    8·1 answer
  • Triangle ABC is similar to triangle DEF with a ratio of 3/5 If the difference of their
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!