All categories

1 year ago

If 2000 is placed into a bank account that pays 3% compound interest per year, how much will be in the account after 2 years?

Mathematics

1 answer:

Alex17521 [72]1 year ago

8 0

Answer:

2,120 or 2,121.8

Step-by-step explanation:

It depends on the answers

3% of 2,000 is 60 dollars you add the 60 dollars to the bank account 2000 + 60 = 2060 3% of 2060 is 61.8

You might be interested in

How do you solve -6(a+8)

algol [13]

Use the distributive property.

This states that: a(b+c)= ab+ac

So,

-6*a= -6a and -6*8= -48

-6a+-48

This is the most you can simplify this problem.

I hope this helps!
~kaikers

4 0

3 years ago

Read 2 more answers

If x+y=12and x-y=8, what is the value of 2x-xy?

slamgirl [31]

Answer:

2x - xy = 0

Step-by-step explanation:

We need to solve the equations simultaneously to find the values of x and y:

x + y = 12

x - y = 8 - we need to add the equations together

2x = 20

x = 10

Then we substitute x into one of the equations to find y:

10 + y = 12

12 - 10 = y

y = 2

Now we substitute x and y into the final expression:

2(10) - 2(10)

20 - 20 = 0

8 0

3 years ago

What Is 21+21,000 Please tell me what the answer

drek231 [11]

Answer:

21021

Step-by-step explanation:

8 0

3 years ago

As discussed in Exercise 6.10, the General Social Survey reported a sample where about 61% of US residents thought marijuana sho

Maslowich

Answer: 2285

Step-by-step explanation:

Formula to find the sample size is given by :-

$n=p(1-p)(\dfrac{z_c}{E})^2$

, where p = prior estimate of population proportion.

E= Margin of error.

$z_c$ = z-value for confidence interval of c.

Given : Confidence interval : 95%

From the z-value table , the z-value for 95% confidence interval = $z_c=1.96$

The General Social Survey reported a sample where about 61% of US residents thought marijuana should be made legal.

i.e. the prior estimate of population proportion of US residents thought marijuana should be made legal : p=0.61

[∵ sample proportion is the best estimate for population proportion.]

Margin of error : E= 2%=0.02

Now, the required minimum sample size would be :-

$n=0.61(1-0.61)(\dfrac{1.96}{0.02})^2$

Simplify ,

$n=0.2379\times9604=2284.7916\approx2285$

Thus , we need to survey <u>2285</u> Americans .

4 0

3 years ago

Considering the following statements, what is X → Z? X → Y: If the sum of the interior angles of a shape is 180°, then it's a tr

tresset_1 [31]

Answer:

Step-by-step explanation:z=180

Interior angle =180

8 0

2 years ago