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
Lina20 [59]
2 years ago
8

Henry begins a savings account with $500. The savings account accumulates 2.5% annual interest based on the

Mathematics
1 answer:
MA_775_DIABLO [31]2 years ago
4 0

After t years, the expression that can be used to represent the money in Andres's account is A = P(1 + r/n)^nt

for t = 3

Answer:

A = $538.45

<h3 /><h3>Compound interest Computation</h3>

Given Data

Principal  P = $500

Rate r = 2.5%

Time t = 3 years

A = P + I where

P (principal) = $500.00

I (interest) = $38.45

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 2.5/100

r = 0.025 rate per year,

Then solve the equation for A

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

A = 500.00(1 + 0.025/1)^(1)(3)

A = 500.00(1 + 0.025)^(3)

A = $538.45

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $500.00 at a rate of 2.5% per year compounded 1 times per year over 3 years is $538.45.

Learn more about compound interest here:

brainly.com/question/24924853

You might be interested in
A manager at a local company asked his employees how many times they had given blood in the last year. The results of the survey
Lubov Fominskaja [6]

Answer:

Var(X) = E(X^2) -[E(X)]^2 = 4.97 -(1.61)^2 =2.3779

And the deviation would be:

Sd(X) =\sqrt{2.3779}= 1.542 \approx 1.54

Step-by-step explanation:

For this case we have the following distribution given:

X        0         1       2       3       4         5        6

P(X)  0.3   0.25   0.2   0.12   0.07   0.04   0.02

For this case we need to find first the expected value given by:

E(X) = \sum_{i=1}^n X_i P(X_I)

And replacing we got:

E(X)= 0*0.3 +1*0.25 +2*0.2 +3*0.12 +4*0.07+ 5*0.04 +6*0.02=1.61

Now we can find the second moment given by:

E(X^2) =\sum_{i=1}^n X^2_i P(X_i)

And replacing we got:

E(X^2)= 0^2*0.3 +1^2*0.25 +2^2*0.2 +3^2*0.12 +4^2*0.07+ 5^2*0.04 +6^2*0.02=4.97

And the variance would be given by:

Var(X) = E(X^2) -[E(X)]^2 = 4.97 -(1.61)^2 =2.3779

And the deviation would be:

Sd(X) =\sqrt{2.3779}= 1.542 \approx 1.54

 

8 0
4 years ago
PLZ HELP/......<br> :)<br><br> :?
alexdok [17]

Answer:

3 gallons of diesel weight = <u>22.2 pounds </u>

The constant of variation = <u>7.4</u>

The quantities vary <u>directly</u>

Step-by-step explanation:

Given:

5 gallons of gas weights = 37 pounds

To find

a) the weight of 3 gallons of gas.

b) if the quantities vary directly or inversely.

c) the constant of variation.

Solution:

Applying unitary method to find weight of 3 gallons of gas.

If 5 gallons weight = 37 pounds

Then, 1 gallon will weight = \frac{37}{5} =7.4 pounds

Thus, 3 gallons will weight = 3\times 7.4 = 22.2 pounds

Listing out the data we have:

1 gallon = 7.4 pounds

3 gallons = 22.2 pounds

5 gallons = 37 pounds

From the data, we find out that as the number of gallons of gas increases the weight of gas also increases. This shows that these quantities are directly proportional to each other.

<em>The unit rate of the quantities is called the constant of variation.</em>

<em>Unit rate: 7.4 pounds per gallon</em>

Thus, the constant of variation = 7.4

8 0
3 years ago
1 17/20 as a fraction in simplest form
rusak2 [61]

Answer:

37/20

Step-by-step explanation:

I hope it helps...

4 0
3 years ago
Read 2 more answers
How many solutions does the equation 5p − 4p − 8 = −2 + 3 have?
snow_lady [41]
It is one because im doing that rn and i just got it right xd
5 0
4 years ago
Read 2 more answers
If your looking for 50 points + brainiest answer this question correctly plz. thanks
jonny [76]

Answer:

Option 3, 57+32=32+57

Step-by-step explanation:

Communitive Property of Addition is where the equation is the same except the numbers swap places. In this case, that would be 57+32=32+57.

If this answer has helped you, please mark this as brainliest

4 0
3 years ago
Read 2 more answers
Other questions:
  • What number would you add to both sides of x2 + 7x = 4 to complete the square? 22 72 StartFraction 7 squared Over 2 EndFraction
    11·2 answers
  • Write the factors for each number Then decide whether the number is prime or composite
    6·1 answer
  • The given line passes through the points (-1,-1) and (4.1).
    11·1 answer
  • PLEASE HELP!!! Rewrite 2.26 ( a line over the 6 ) as a simplified fraction!! THANK YOU!
    8·2 answers
  • ????????????????????
    9·1 answer
  • Brad buys a jacket that is on sale for 30% off the original price. The expression p- 0.3p can be used to find the sale price of
    5·1 answer
  • Write the number 1/10,000,000 as a power of 10 using a negative exponents
    5·1 answer
  • I need help with these 3 questions. 25 points!!!
    14·1 answer
  • Find the y -intercept of the line whose equation is 3 x - 4 y = -2. <br> -2 <br> 1/2 <br> -2/3
    13·1 answer
  • You can buy 5 green beans at the Village Market for $320. You can buy 10 of the same cans at Sam’s Club for $6.30. Which store i
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!