A bank pays 7% interest on 3-year certificates of deposit. What is the value of a $500 certificate after one year? Give your answer to the nearest cent.

Answers

Answer 1
35 I think it might be right
Answer 2

The value after one year will be $535.

What is interest?

Interest, in its most simple form, is calculated as a percent of the principal. For example, if you borrowed $100 from a friend and agree to repay it with 5% interest, then the amount of interest you would pay would just be 5% of 100: $100(0.05) = $5.

Interest is most often reflected as an annual percentage of the amount of a loan. This percentage is known as the interest rate on the loan. For example, a bank will pay you interest when you deposit your money in a high-yield savings account.

given:

amount= $500

interest rate = 7% on 3-year certificates of deposit.

So, after one year  the value will be

=500 x 7% + 500

=500 x 0.07 + 500

= 35 + 500

= $535

Hence, the value will be $535.

Learn more about interest here:

https://brainly.com/question/4344129

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Related Questions

Donna sells beaded necklaces. Each large necklace sells for $5.20 and each small necklace sells for $4.90. How much will she earn from selling 3 large necklaces and 4 small necklaces?

Answers

Answer:

$32.6

Step-by-step explanation:

$5.20 x 3 = $15.6

$4.90 x 4 = $19.6

$19.6 + $15.6 = $35.2

Answer:

$32.6

Step-by-step explanation:

Stan's cookie recipe makes 24 cookies and calls for exactly 384 sprinkles. He is wondering how many sprinkles (p)eft parenthesis, p, right parenthesis he will need to make 60 cookies. He assumes each cookie will have the same number of sprinkles.
How many sprinkles does Stan need to make 60 cookies?

Answers

Answer:

960 sprinkles

Step-by-step explanation:

x = sprinkles

For this problem we will create a ratio

[tex]\frac{24}{384} :\frac{60}{x}[/tex]

24x=384*60

24x=23,040

x=23,040/24

x=960

Stan would need 960 sprinkles!

Hope this helps!

(pls mark as brainiest)

Thanks!

Answer:

960.

Step-by-step explanation:

hey you can help help pls pls help help me

Answers

Answer:

A.)

Step-by-step explanation:

HOPE IT HELPED:)!!

Answer:

2

Step-by-step explanation:

(3/4)/(3/8) =

(3/4) x (8/3) = 2/1 = 2

Hope this helps!

Please help me! I can't figure out the answer!

Answers

Answer:

...

Step-by-step explanation:

Hellppp meeeeeee PLEASEEEEE-&:&:

Answers

-8.5 feet above sea level

A family gathered 20 small seashells from the beach bringing the total number of small seashells in their collection to 41.

Which equation can be used to find, x, the number of small seashells in the collection before the 20 were added?

options:

20/x = 41

x-21=41

x+20=41

20x=41

Answers

7 in a half because your non
20x=41 because if you have 20 sea shells + (x) x is the ones that you are missing that add up to 41 and then you would make that all equal 41
20x=41 :)

HELP I WILL GIVE BRAINLIEST

Answers

Answer:

y= minus 1 and make that number negative?

Step-by-step explanation:

Each bus holds 56 people.
How many buses are needed to take 427 students, 17 teachers, and 53 parent volunteers to the track meet?

Answers

Answer: 9 buses

Step-by-step explanation:

427+17+53= 497

1 bus can hold 56 people

497 ÷ 56 = 8.8 --> round it up is 9

8.8 but if you round you get 9

The area, A, of an isosceles right triangle is a function of the length of its legs, s, and is represented by the equation: A = 1/2 S^2.

Answers

Answer:

what's the question?

Step-by-step explanation:

Find the answer
PLZZZZZZ!!

Answers

25 pi or 78.5
Hope this helps
The answer will be 25pi or 78.5

Help plsss s/.$.$&/&/&:&

Answers

Answer: Yada bada cada

Step-by-step explanation:

Answer:

i cant see the problem

Step-by-step explanation:

Complete the following to show how the expression can be simplified using the Commutative and Associative Properties of Multiplication.

Enter the correct numbers in the boxes.

(−0.5)(−7)(2)= ( )( )(2)
=(−7)[( )( )]
=(−7)( )
=

Answers

Answer:

[tex](-0.5)(-7)(2)= (-7 )(-0.5 )(2)\\=(-7)[( -0.5)(2 )]\\=(-7)( -1)\\=7[/tex]

Step-by-step explanation:

[tex](-0.5)(-7)(2)= (-7 )(-0.5 )(2)[/tex] Here you apply the commutative law ([tex]ab = ba[/tex]).

[tex](-7)[( -0.5)(2 )][/tex] Here apply the associative law ([tex]a(bc) = (ab)c[/tex]).

[tex](-7)( -1) = 7[/tex] A negative number by a negative number is equal to positive.

(-0.5)(-7)(2)= (-7)(-0.5)(2)
=(-7)[(-0.5)(2)]
=(-7)(-1)
=-7

HELPPPPPP MEEEEEEEEEEEEEEE PLSSSSSSSSSSSSS

Answers

Answer:

15/16 liters

Step-by-step explanation:

Let x=number of liters

Let y= container

Equation: 5/8 x = 2/3 c

Multiply both sides by 3/2 --- c = (5/8x) x (3/2)

The volume of the container is 15/16 liters

The Volume Is 15/16 Liters.

When we change the sign of the x-coordinate and the y-coordinate in an ordered pair, what transformation occurs?

Answers

Answer:

We are reflecting the pair.

Step-by-step explanation:

Take (6, 3) for example. We are reflecting across the the x and y axis. the reflection of (6, 3) is (-6, -3).

we are reflecting the pair

Write the Pythagorean theorem equation in an equivalent form with the a² isolated.

Answers

Answer:

[tex]a^{2}= -b^{2}+c^{2}[/tex]

Step-by-step explanation:

Rewrite the Pythagorean Theorem equation in terms of [tex]a^{2}[/tex].

[tex]a^{2}+b^{2}=c^{2}[/tex]

Subtract b squared from both sides.

[tex]a^{2}= -b^{2}+c^{2}[/tex]

Answer:

A^2=-B^2+H^2

Step-by-step explanation:

A^2+B^2=H^2

Isolate A^2. Subtract B^2 from both sides.

A^2=-B^2+H^2

Hope this helps :)

don't add links please

Answers

Answer:

A

Step-by-step explanation:

The slope is 4

The y-intercept is ( 0, -9 ).


Hope this helps! :)

i am timed pls quick if you actually know the answer

Answers

Answer:

D)

Step-by-step explanation:

4 3/5 × 3 =

= 4 × 3 + 3/5 × 3

= 12 9/5

= 12 + 5/5 + 4/5

= 12 + 1 + 4/5

= 13 4/5

Answer: D)

The correct answer is A

PLS HELP
I Need this done now!

Answers

Answer:

3

Step-by-step explanation:

Write and then evaluate an expression for the following number line

A number line from negative three to three is shown. An arrow starts at zero and goes to negative two. It is labeled move two units left. A second arrow starts at negative two and goes to two. It is labeled then move four units right.
Enter the correct answers in the boxes.

Answers

Answer:

ok there are know boxesStep-by-step explanation:

Step-by-step explanation:

PLZ SAVE MEEEEEEEEEEEEEEEEE

Answers

Answer:

I think the answer is 60

Step-by-step explanation:

I am sorry if it s wrong

Answer: 600, because 54,000 divided by 90 is 600

An item is regularly priced at $65. It is now priced at a discount of 40% off the regular price. What is the price now?

Answers

39 dollars

Reason for is because our original price is 65 now take away 40% of that which is 26 , 65-26=39

Dante works mowing lawns and babysitting. He earns $9.20 an hour for mowing and $7.60 an hour for babysitting. How much will he earn for 5 hours of mowing and 1 hour of babysitting?

Answers

Answer:

Step-by-step explanation:

$9.20 times 5 hours= $46 for mowing

$7.60 times 1 hour = $7.60

$7.60+  $46= $53.6 alll together

9.20 an hour for mowing
7.60 an hour for babysitting
9.20x5=46
7.60x1=7.60
46+7.60=53.60

can anyone complete this for me? if answered correctly ill give u 10+p (brainliest)

Answers

It would be yes, yes, no, no, yes, yes, no, no, yes, no, yes, yes, yes, no, no, no, yes, yes, no, no, yes, yes, no
The answer is “painting is learned easely”(misspelled intentionally).

The yeses spell “painting is le” and the nos spell “arned easely”

10 , 16 , 18 , 15 , 15 , 10 , 23

mean:____________

value differences:
______________


MAD:__________

Answers

Answer:

mean 10+16+18+15+10+23/6

92/6

15.33333......

Mean is 15 add up all the numbers divide them by how many numbers there are which is 7

use a factor tree to find the prime factors of 30 and 66

Answers

Answer:

Prime factors of 30 are 2,3 and 5. Prime factors of 66 are 2, 3 and 11.

Prime Factors of 30:2,3 and 5. Prime factors of 66:2,3 and 11.

Help me please! correct answer gets brainliest!!

Answers

Answer:

T = 7

Step-by-step explanation:

Given f(x) = 3x+5 and g(x) = -8x-10
A) Find f(x)+g(x)
B) Find f(x)-g(x)
C) Find f(x)*g(x)
D) Find f(x)/g(x)
E) Determine which of the above are polynomials.

Answers

Answer:

Option A

Step-by-step explanation:

[tex]\frac{F (x)3x + 5 }{g (x) 2 (x +5) }[/tex]

The answer is a I think

pls pls pls help help pls

Answers

Answer:

b or 7/9

Step-by-step explanation:

Answer:

The correct answer is B: 7/9

A farmer has 200 feet of fencing to construct a rectangular pen up against the straight side of a barn, using the barn for one side of the pen. The length of the barn is 150 feet. Determine the dimensions of the rectangle of maximum area that can be enclosed under these conditions. (Hint: Be mindful of the domain of the function you are maximizing.)

Answers

Answer:

200

Step-by-step explanation:

Answer:

200

Step-by-step explanation:

All the dimensions of a cuboid are whole numbers, and its volume is 24 units^3. Which one of the following could NOT be one of its dimensions?
A.) 3
B.) 4
C.) 5
D.) 6
First Person who gets it right and EXPLAINS will get branliest! :-)

Answers

If I’m correct, it’s 5 since x•x•5=24 isn’t doable
Answer:

5 is the answer.

Review:

What is a cuboid?

A cuboid is a rectangle, but in 3D form.

Do we calculate area or volume in a cuboid?

We calculate the volume for 3D shapes. For 2D shapes, area is used.

If/Then:

Now, if the volume of the cuboid is 24 units³ then:

x × x × y

Now, lets fit all our options to see which one is NOT the dimensions.

Option A:

x × x × 3 = 24 units³

x × x = 12 units³ ✔

This is possible.

Option B:

x × x × 4 = 24 units³

=> x × x = 6 units³ ✔

This is possible.

Option C:

x × x × 5 = 24 units³

=> x × x = 24/5 units³ ❌

This is not possible. This will be our answer.

Option D:

x × x × 6 = 24 units³

=> x × x = 4 units³✔

This is possible.

Conclusion:

So after working on our problem, we can conclude that C is our answer. Hoped this helped.

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