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
15. Apply Mathematics (1)(A) Suppose you have a box with a 4 X 4-in.
erastova [34]

Answer:

Step-by-step explanation:

Formula for calculating the surface area of the box S = 2(LW+LH+WH) where

L is the length of the box

W is the width of the box

H is the height of the box

If the box is square based with dimension 4 * 4in, then L = W = 4in. substituting this values given into the formula we will have;

S = 2(4(4)+4H + 4H)

S = 2(16+8H)

S = 32+16H

<em>Hence, The function that represents the surface area of this box as a </em>

<em>function of its height is S = 32+16H where H is the height of the box</em>

<em></em>

Given H = 6.5in, to evaluate the function, we will substitute h = 6.5in into the modeled equation;

S = 32+16H

S = 32+16(6.5)

S = 32+106

<em>S = 138in²</em>

<em>Hence the total surface area of the box is 138in²</em>

5 0
3 years ago
A roulette wheel has 38 slots around the rim. the first 36 slots are numbers from 1 to 36. half of these 36 slots are​ red, and
pshichka [43]

Answer:

15 or 16 times

Step-by-step explanation:

6 0
3 years ago
3. What is x?<br> E<br> 4x+ 5<br> H
frez [133]
What is the question
3 0
3 years ago
Complete the function table and write the function rule
Andrej [43]

Answer:

6 and -22

Step-by-step explanation:

See attached image.

3 0
2 years ago
|x+1|&lt;4 please and thank youuuu
user100 [1]

Answer:

-5,3

Step-by-step explanation:

4 0
3 years ago
Other questions:
  • Find the equation of the axis of symmetry for<br> the parabola y=5x2
    5·1 answer
  • { 44-[28+(8+5)]} 2.​
    13·2 answers
  • How to graph 3x+1=3x+2
    10·1 answer
  • Katherine is a personal chef. She charges $115 per four-person meal. Her monthly expenses are $3,150. How many four-person meals
    6·1 answer
  • Help please! and explain
    11·1 answer
  • What the answer pls I suck at this just in the answer please thank you
    10·2 answers
  • Divide. Write the quotient in lowest terms.<br> 1<br> Col<br> What is 1/4 divided by 1 1/8
    13·1 answer
  • Which graph represents 2 (cosine (StartFraction 2 pi Over 3 EndFraction) + I sine (StartFraction 2 pi Over 3 EndFraction) ) ?
    14·1 answer
  • Translate this sentence into an equation. 39 is the product of Hector's height and 3. Use the variable h to represent Hector's h
    11·1 answer
  • Which of the following is true of the numbers 4 and 10?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!