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
agasfer [191]
2 years ago
12

A $3,200.00 principal earns 7% interest, compounded annually. After 3 years, what is the balance in the account? Round to the ne

arest cent.
A. $1,097,600.00
B. $7,840.28
C. $67,200.00
D. $3,920.14
Mathematics
1 answer:
valentinak56 [21]2 years ago
3 0

The balance in the account is $3,920.14

<h3>Compound interest</h3>

The formula for calculating the compound interest is expressed as

A = P(1 + r)^t

Given

  • P = $3,200.00
  • r = 7% = 0.07
  • t = 3 years

Substitute

A = 3200(1+0.07)^3

A = 3,920.14

Hence the balance in the account is $3,920.14

Learn more on  Compound interest here: brainly.com/question/24924853

You might be interested in
Evaluate the expression <br> -2.3=
hammer [34]

Answer:-2.3

Step-by-step explanation:

4 0
3 years ago
Select the sets of data where it would be better to use a histogram than a
Contact [7]

Answer:

Weight of students in your class

Daily rainfall in Miami over a month

Step-by-step explanation:

A histogram is applied when the data is discrete/ continuous to present a visual understanding of the data by showing the number of data set fitting is a specified range.

A dot plot utilizes data which has only one measured variable, where the variable can be organized into categories.

8 0
3 years ago
What is the solution to the equation 2(3)x = 3x + 1?
boyakko [2]
The answer to the question is X=1/3
5 0
3 years ago
Read 2 more answers
Pretest: Unit 5 Question 12 of 21 Use the substitution method to solve the system of equations. Choose the correct ordered pair.
Gala2k [10]

Answer:

(10, - 9 )

Step-by-step explanation:

Given the 2 equations

y = - 2x + 11 → (1)

y = - 3x + 21 → (2)

Substitute y = - 2x + 11 into (2)

- 2x + 11 = - 3x + 21 ( add 3x to both sides )

x + 11 = 21 ( subtract 11 from both sides )

x = 10

Substitute x = 10 into either of the 2 equations and evaluate fir y

Substituting into (1)

y = - 2(10) + 11 = - 20 + 11 = - 9

solution is (10, - 9 )

3 0
3 years ago
Solve the equation<br> 4.8y-6.9=3.18<br> Explain your thinking
Alex777 [14]
4.8y - 6.9 = 3.18 
4.8y= 3.18 + 6.9 (I added 6.9 to both sides)
4.8 y = 10.08 (I added 3.18 by 6.9)
y = 2.1 (I divided 4.8)

Hope this helps!!
5 0
3 years ago
Read 2 more answers
Other questions:
  • Which inequality best represents the situation? A pine tree grows at a rate of 1.5 feet per year. James plants a 2-foot tall pin
    6·2 answers
  • Teresa drew a quadrilateral that had 4 sides of equal length and no right angels. What shape did she draw
    7·1 answer
  • at Sam's sandwich shop, toni ate 3/4 of a medium sandwich, Becky ate 3/4 of a small sandwich, and Mary jo ate 6/8 of a medium sa
    8·1 answer
  • An architect built a scale model of a sports stadium using a scale in which 2 inches represents 30 feet. The height of the sport
    7·1 answer
  • You put 40% of your paycheck into your savings account. If you earned $180 on your paycheck, then how much money did you put int
    12·1 answer
  • Divide 1.75 × 10^-2 by -7.3 × 10^-8. Express your answer in scientific notation. Round the coefficient to two decimal places.​
    13·1 answer
  • I need the answer cause this is for a grade please!!! Jamie has a rectangular room in her home with a width of 8 feet and a diag
    15·1 answer
  • Write three different equations that match the tape diagram.
    6·1 answer
  • A pool is being filled at a constant rate of 5 gallons every 2 minutes. Which graph has a slope that best represents this rate?
    14·1 answer
  • I NEED HELP FAST!! can someone please answer these questions for me!
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!