Juan decided to start savings for college. He deposited $500 into an account which earns 4% simple annual interest. At the end of each year, he will add $250 to this account. How much will he have in his account after the end of three years?
a
$550
b
$770
c
$1,050.80
d
$1,342.83
Answers
Answer
I am getting a different answer The reason being the first year we calculating the 4% of the initial amount of the $500 towards the end of the year if he deposits the 250 the second year he gets to have a 4% interest of the 750 in total If he deposits the 250 in the 3rd he gets to have a 4% of 1000 So if you actually calculate that and get the total of all the amount which is 1,000 plus the percentages of all that you get what I've shared
9514 1404 393
Answer:
d $1342.83
Step-by-step explanation:
At the end of the first year, the account balance will be $500 plus 4% interest on that amount, plus the $250 deposited at the end of the year:
$500(1.04) +250 = $770
At the end of the second year, the account balance will be $770 plus 4% interest on that amount, plus the $250 deposited at the end of the year:
$770(1.04) +250 = $1050.80
At the end of the third year, the account balance will be $1050.80 plus 4% interest on that amount, plus the $250 deposited at the end of the year:
$1050.80(1.04) +250 = $1342.83
_____
Additional comment
You can make an appropriate guess by realizing the total of the deposits is ...
$500 + 3×250 = $1250
Adding interest to that will increase the amount. The only answer choice greater than $1250 is $1342.83.
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Answers
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Step-by-step explanation:
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Answer:
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Step-by-step explanation:
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Answers
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Step-by-step explanation:
Answer:
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12 kilograms = 12000 gramsI hope this was helpful! =)Nolan reports the weather for TV 12's popular afternoon news show. Last month, he tracked
the noon temperature each day in the two largest cities in the area, Hooverville and Deeson
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Hooverville
Deeson City
Answers
Answer:
Hooverville
Step-by-step explanation:
The Hooverville has lower median temperature.
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HELP! Please!! Juan borrowed 12,00 from his friend eduardo and made an agreement to play him back over 2 years at an annual simple interest of 4% what is the total amount he will pay his friend back over the 2 years
Answers
Answer:
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Step-by-step explanation:
Use the formula A = P (1+rt)
A = (12000)(1+(0.04x2))
A = $12,960.00
Answer:
if the initial amount is 1200 then the answer is 1296
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Step-by-step explanation:
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Step-by-step explanation:
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Answers
Answer:
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Step-by-step explanation:
Diagonals of a parallelogram bisect each other.
E (x , y) : midpoint of segment AC or segment BD
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Answer:
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Step-by-step explanation:
We simply draw the parallelogram in coordinate system and read the coordinates of E.
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Answers
Answer:
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Step-by-step explanation:
Mathematically, when two triangles are similar, the ratio of their corresponding sides are equal
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The school you are attending is selling tickets to the fall festival. On the first day, the school sold 14 senior citizen tickets and 1 child ticket for a total of $66.50. On the second day, the school sold 2 senior citizen tickets and 2 child ticket for a total of $16.00. What is the price of one senior citizen ticket?
Answers
Answer:
Price of each senior citizen ticket is $12 and one child ticket is $3
Step-by-step explanation:
The price of one senior citizen ticket is $ 4.50.
Let x = price of one senior citizen ticket and y = price of one child ticket.
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Also, on the second day, the school sold 2 senior citizen tickets and 2 child tickets for a total of $16.00. We have that
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So, the price of one senior citizen ticket is $ 4.50.
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Question 3 V (t) 30(1.05), where t is the time, in years, since opening the account Connie deposits $30 into an account. The value of the account, in dollars, can be modeled as To the nearest cent, what is the average rate of change in the value of the account for the first 3 years? A $0.63/year B $1.58/year С $3.15/year thing D $4.73/year
Answers
Answer:
b
Step-by-step explanation:
The average rate of change in the value of the account for the first 3 years is, $3.15/year. So Option C is correct.
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The average rate of change in the value of the account over the first 3 years is given by the formula:
⇒ (V(3) - V(0)) / (3 - 0)
⇒ (30(1.05)³ - 30) / 3
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Hence, the average rate of change in the value of the account over the first 3 years is approximately $3.15/year
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Answers
Answer:
[tex] \sqrt{13} [/tex]
Step-by-step explanation:
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Answer:
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Answers
Answer:
yes
Step-by-step explanation:
Answer:
i think it would be No
Step-by-step explanation:
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Answer:
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Step-by-step explanation:
Answer: if you could post a picture of what the spinner looks like I’m sure I could answer the question
Step-by-step explanation:
A health-food store owner buys new products for his store by borrowing against a credit line of $4,500 from one of his wholesale suppliers. He is usually given 9 months to pay the money back. The store owner borrows the full amount and is told by the supplier that his monthly payments will be $600 a. How much did the distributor pay back altogether? How much in interest did the distributor pay for the loan?
Answers
Answer:
Loan Amount= $4500
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Answers
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x=35
Step-by-step explanation:
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Answers
Draw and label a diagram.
sin A = CB / AB
cos B = CB / AB
sin A = cos B
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The value of expression sin C - cos C is,
⇒ r - s
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Given that;
In right triangle ABC,
⇒ m∠ B ≠ m∠ C.
Let us assume that,
⇒ sin B = r
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Now, We get;
sin B = rh / h
= r
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= s
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sin C = sh / h = s
cos C = rh / h = r
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⇒ sin C - cos C
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Evaluate each expression for a = 3, b = 4, and c = 6. bc + 5a
Answers
Answer:
39
Step-by-step explanation:
bc+5a
Substitute values
(4)(6) + 5(3)
= 24 + 15
= 39
I need help with these
Answers
What is the measure for angle CBD
PLSSS HELPP!!!!
Answers
The measure of the angle CBD = 180° - 30° = 150°.
help me please. what is the solution for
4≤n−4
Answers
Answer:
n[tex]\geq[/tex]8
Step-by-step explanation:
You add 4 to both sides to make n the only thing on one side. Then to make the answer look better you move n to the left side and flip the symbol because n changed sides.
[tex]4\leq n-4\\ 4+4\leq n-4+4\\ 8\leq n\\ n\geq 8[/tex]
How to find coordinates of a point using ratio
Answers
m1=3, m2= 1
point A= (-5,4)
point B=(7,-2)
x=m1x2+m2x1/ m1+m2 , y=m1y2+m2y1 / m1+m2
x= 3×7 +1×-5/3+1 , y= 3×-2+1×4 / 3+1
x= 21-5/4, y= -6+4/4
x= 16/4, y= -2/4
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Sandra is 30 years old and deciding which investment she would like to make. She has $2,500 to invest.
Option A: Invest $2,500 and earn 3% of its value each year.
Option B: Invest $2,500 and earn $200 per year.
How many years would it be when both investments would yield the same amount of earnings?
Group of answer choices
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Answers
Find the missing height of the parallelogram described. b = (x + 4) yd, (blank text) yd, (5x + 20) yd2
Answers
Answer:
5yards
Step-by-step explanation:
Area of the parallelogram = Base * Height
Given
Area = (5x+20)yd²
Base = (x+4)yd
Required
height
Substitute into the formula
5x+20 = x+4 * Height
Height = 5x+20/x+4
Height = 5(x+4)/x+4
X+4 cancels out to have;
Height = 5
Hence the height of the parallelogram is 5yards
