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
slavikrds [6]
2 years ago
7

Avery deposited $400 in an account that earned 2.47% interest compounded annually. She did not make additional deposits or withd

rawals.
What will be the balance in this account at the end of 5 years?
Mathematics
1 answer:
aev [14]2 years ago
6 0

Answer:

Amount ($451.9), Interest ($51.9)

Step-by-step explanation:

We need to use the formula of A = P(1 + \frac{r}{n})^n*t

A = Total Amount

P = Principle/Deposited money

R = Annual Interest Rate

N = Number of times compounder per year

T = time in years

We have P = $400, r = 2.47%, n = 1 and t = 5 years.

Now lets plug it all in!

A = 400 (1 + \frac{0.0247}{1})^{1*5}

A = 400 * 1.0247^5

A = 400 * 1.129753

A = 451.9

Now we need to find the interest...

We will use A = P + I since A is 451.9 and P = 400

451.9 = 400 + I

I = 451.9 - 400

I = 51.9

You might be interested in
What is the definition of mean???
Scilla [17]
Mean, in terms of math, is the total added values of all the data in a set divided by the number of data <em>in</em> the set. Make sense? If not, here' an example...

Let's say this is my data set:
1, 2, 5, 4, 3, 8, 7, 4, 6,10

To find the mean...
Step 1: Add all of them together.
1+2+5+4+3+8+7+4+6+10 is what? 50. Now that you have this number...
Step 2: Divide by the amount there are. Basically, count up all of the numbers. How many are there? There are 10. Finally...
Step 3: Divide. 50/10 is 5, so the mean of this data set would be 5. Get it? I sure hoped this helped :)
3 0
3 years ago
Which of the x values are solutions to the inequality 4(2 – x) &gt; –2x – 3(4x + 1)? Check all that apply. x = –1.1 x = –2.2 x =
galben [10]
Answer:
x > - 11/10
(I don't know if this is correct or not, if so i'm glad i helped!)
8 0
3 years ago
Read 2 more answers
What is the simplified expression for the expression below?
Viktor [21]

Answer:

-2x + 3

Step-by-step explanation:

-5x/5 - 20/5 - 4x/4 + 28/4 ➡-x - 4 -x +7 ➡-2x + 3

8 0
3 years ago
-2+9=-2(x+3)+8<br> Is this Infinitely Many Solutions<br> No solutions<br> Or One solutions
Margarita [4]

Answer:

i think it is many but i am not sure

Step-by-step explanation:

3 0
3 years ago
RIDDLE ME THIS Fresh and invigorated after completing her algebra homework, Mimi appeared at the living room door. She held a pi
Marat540 [252]

Answer:

Mimi is 15.

Step-by-step explanation:

Set up two equations, and solve by elimination.

 2(m+5) = d+5

- 3(m-5) =  d-5

_____________

2(m+5) - 3(m-5) = 10

2m + 10 - 3m + 15 = 10

-m + 25 = 10

-m = -15

<u>m = 15</u>

Plug this back in to get dad's age.

2(m+5) = d+5

2(15+5) = d + 5

2(20) = d + 5

40 = d + 5

<u>d = 35</u>

<u></u>

8 0
3 years ago
Other questions:
  • Andrew began work at 6:45 AM. He went to lunch at 11:30 AM. After lunch, Andrew returned to work at 12:30 PM and worked until 3:
    8·1 answer
  • Find x.<br> 3х + 4<br> 6x - 2
    9·2 answers
  • How do i get the answer to rounding 387,422 to the nearest hundred thousand
    14·1 answer
  • The O'Niell family decided to book a hotel for a trip to Orlando, FL from Saturday 6/3 through Friday 6/9. They decide to stay a
    5·1 answer
  • Which is greater 10 yards or 360 inches
    10·2 answers
  • Pls work this out thanx
    12·2 answers
  • You build and sell toy cars for $36 each. So far, you have built 25 toy cars. How many more toy cars will you have to build and
    8·2 answers
  • In Tallahassee, Florida, CR 373 intersects non-parallel streets CR 363 and Monroe Street. Which locations/structures represent c
    12·1 answer
  • $2000 is invested for 5 years with an APR of 3% and daily compounding.
    7·2 answers
  • Which equation represents this situation?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!