How much money would you have if you invested $3000 at 6.25% annual interest, compounded daily for 2 years?

Answers

Answer 1

Answer:

[tex]A\simeq3399.41[/tex]

Step-by-step explanation:

The amount formula in compound interest is:

[tex]A=P(1+\frac{r}{n} )^{nt}[/tex]

where:

P = principal amount

r = annual interest

n = number of compounding periods

t = number of years

We already know that:

P = $3000

[tex]r = 6.25\% = \frac{6.25\%}{100\%}=0.0625[/tex]

t = 2

n = 365

Then,

[tex]A=3000(1+\frac{0.0625}{365} )^{(365)(2)}\\\\A=3000(1+\frac{0.0625}{365} )^{730}\\\\A=3399.408982\\\\A\simeq3399.41[/tex]


Related Questions

Someone please help me I’ll give out brainliest please dont answer if you don’t know

Answers

Answer:

x≥−3

Step-by-step explanation:

Let's solve your inequality step-by-step.

2x+3/ −3 ≤1

Step 1: Simplify both sides of the inequality.

−2/ 3 x−1≤1

Step 2: Add 1 to both sides.

−2/ 3 x−1+1≤1+1

−2/ 3 x≤2

Step 3: Multiply both sides by 3/(-2).

( 3/ −2 )*( −2/ 3 x)≤( 3/ −2 )*(2)

x≥−3

Answer:

x≥−3

Deltamath

Please help me I need help!!!!
⚠️Due today!!⚠️.

Answers

The midpoint should be (-1,-4). Hope this helps.

A rectangular prism has a volume of 100 cm3. The length of the prism 25 cm, the height is 2 cm, but the width is unknown. What is the width of the rectangular prism?
4cm
2cm
3cm
none of the above

Answers

Answer:

w = 2 cm

Step-by-step explanation:

100 = 25 x 2 x w

w = 2 cm

The width of the rectangular prism is 2 cm.

What is volume?

Volume is the amount of space occupied by a solid shape.

To calculate the width of the rectangular prism we use the formula below.

Formula:

V = lwh................. Equation 1

Where:

l = Length of the prismw = Width of the prismh = Height of the prismV = Volume of the prism

Make w the subject of the equation

w = V/lh................Equation 2

From the question,

Given:

l = 25 cmh = 2 cmV = 100 cm³

Substitute these values into equation 2

w = 100/(25×2)w = 100/50w = 2 cm

Hence, the width of the rectangular prism is 2 cm.

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You put $2000 in account with a simple rate of 1.5% how long does it take for the account to earn $60

Answers

Answer:

0.5

Step-by-step explanation:

The formula is I= prt

I= 60

P= 2000

r= 1.5%

60= 2000×1.5/100×t

60= 30t

t= 30/60

= 0.5

Hence the time required is 0.5 years

Solve for x. (URGENT)

Answers

Answer:

i'm guessing x is 13

Step-by-step explanation:

supplementary. a line adds up to 180 degrees. if 15+8 is 23 then x+10 should be 23 too. they're perpendicular in a circle and a circle is equal all the way around.

thats my thought process

b ÷ 8 + 3 = 6
Please help

Answers

Answer:

24 divided by 8 +3 =6

Step-by-step explanation:

Answer is 24. 24 divided by 8 equals 3, and 3 + 3 equals 6. Hoped this helped!

The area of the
rhombus is 52 m2
What is the base of
the rhombus?

Answers

i have explained through pictures

Which point would NOT be a solution to the system of linear inequalities shown below?

Answers

Answer:

(-1,1) would not be a solution to the system of linear inequalities presented in the problem. Simply substitute the x and y values in the coordinates provided to see if they would work as solutions.

Hope I helped, have a nice day :)

Answer:

(-1,1)

Step-by-step explanation:

If we try to substitute this values in the second inequality we have

1 > 4 (false)

Tell whether the angles
are
complementary or supplementary. Then find the value of c.
(6x + 1)
290

Answers

Answer:

Complementary, x=10

Step-by-step explanation:

Complementary angles mean they add up to 90 degrees.

So 29+(6x+1)=90.

30+6x=90

6x=60

x=10

Answer:

Complementary-------- x= 10

Step-by-step explanation:

only 90 degrees

(6x-1)/2930+6x = 90

-----------------------------

3. 6x = 60

=======================

x= 10

maths geometry quadrilateral​

Answers

Answer:

What’s the question?

Step-by-step explanation:

Suppose that $2000 is loaned at a rate of 9%, compounded quarterly. Assuming that no payments are made, find the amount owed after 10 years.
Do not round any intermediate computations, and round your answer to the nearest cent. Why isn’t my question popping up ?

Answers

Answer:  $4,870.38 in 10 years

2000(1+.09/4)^4(10)

4870.377

Can someone answer all my questions please that this will help me pass grade

Answers

Answer:

Number 1 is S

Number 2 is 0.4

Number 3 is 8 yards per second

Number 4 is 4 hours.

A man drops a ball from the top of a 300 foot cliff. The height of the falling ball is modeled
by h(t)=-16t2+300 where h is in feet and t is in seconds. How long does it take for the ball to be 44 feet above the ground?

Answers

Answer:

The ball reaches 44 ft above the ground after 4 sec.

Step-by-step explanation:

Set h(t)=-16t^2+300 equal to 44 feet and solve for time, t.  Indicate exponentiation with " ^ "

-16t^2 + 300 = 44 becomes

-16t^2 + 256 = 0, or 16t^2 = 256.  Then, taking the square root of both sides, we get:

4t = 16, or t = 4 sec.  The ball reaches 44 ft above the ground after 4 sec.

The ball will take 4 seconds.

What are quadratic equations?

A quadratic equation, or simply "quadratics," is a polynomial equation with a degree of two as its highest. This is how it is expressed:

a x² + b x + c = 0 where x is the unknown variable and the constant terms are a, b, and c.

Given equation of height h(t) = -16t² + 300...…..(1)

where h is height in feet and t is time in seconds,

and height at t = 0 is 300 feet

when ball is 44 feet above ground then time is,

put h = 44 in equation 1

44 = -16t² + 300

16t² = 300 - 44

t² = 256/16

t = √16

t = 4

Hence time taken by ball is 4 seconds.

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9 - (12 + 3) + 8 x 2 using PEMDAS.


Helppppp!!!!

Answers

Answer: 10

Step-by-step explanation:

parenthesis first 9 - 15 + 8 x 2

multiply 8 x 2

you now have 9 - 15 + 16

subtract first because addition and subrtaction go in the order they're in the equation: 9 - 15 = -6

then add -6 + 16 = 10

what would you do to rationalize the denominator and simplify [tex]\frac{5}{\sqrt{2} }[/tex]

Answers

Answer:

(5√2) / 2

Step-by-step explanation:

Multiply  

(5 / √2) * (√2 / √2) = (5√2) / 2

hope this will help you

good luck

The route that Verlonda takes from her house to a store is represented on the grid below. Which ordered pair represents a point on Verlonda's route?

Answers

Answer:

(3.8)

Step-by-step explanation:

Given

See attachment for grid

Required

Which point is on Veronica's path

On the attached grid, I plotted each of the coordinate pair (i.e the given options, A to D) on the grid.

By observation. we can see that:

A is on the vertical line (y intercept)

B is on the second quadrant

C is just few points to the left of the given path

D represents Verlonda's house

Hence, the required coordinate pair is: (3.8)

pls help! Evaluate for m: 6 – 4m = 26

Answers

M=5 ..................

Answer:

m = -5

Step-by-step explanation:

solve for x.

FILLER

Simplify:
7x3 + 5x2 – 2 = [?]
X=-1

Answers

Answer:

so the answer for your question is -4

The first three terms of arithmetic progression are -5,-1 and 3.Find the six term.​

Answers

Answer:

15

Step-by-step explanation:

The pertinent general formula for this arithmetic progression is

a(n) = a(1) + d(n - 1), where d is the common difference.  That difference is d = 4.

Here, a(n) = -5 + 4(n -1)

Therefore, a(6) = -5 + 4(5) = 15

Answer:

It is 15.

Step-by-step explanation:

Alright, first lets find the pattern. Since its a arithmetic sequence, it has something to do with adding/subtracting.

With the values, -5, -1, and 3. Notice something about them? -1 is 4 more than -5 & 3 is 4 more than -1. There's a pattern! The pattern is that for every new term, it is 4 more than the one before it.

With this, we can make a table to find the 6th term!

(Given)

1st Term: -5

2nd Term: -1

3rd Term: 3

Now, continue adding 4 to each term...

4th Term: 7

5th Term: 11

6th Term: 15

For the 6th term, it has been found that the answer's 15.

PLEASE HELP
In a certain Algebra 2 class of 30 students, 16 of them play basketball and 8 of them play baseball. There are 12 students who play neither sport. What is the probability that a student chosen randomly from the class plays both basketball and baseball?

Answers

Answer:

6/30 or 1/5  or 0.2

Step-by-step explanation:

Find the volume of a right circular cone that has a height of 12.4 m and a base with a
diameter of 5.1 m. Round your answer to the nearest tenth of a cubic meter.

Answers

Answer:

84.4

Step-by-step explanation:

done

Volume of a right circular cone is  84.39 m³

What is volume?

The amount of space occupied by a three-dimensional figure as measured in cubic units.

Given:

height = 12.4 m. base diameter= 5.1 m, radius= 5.1/2 m

Volume of right circular cone= 1/3* π* r²*h

                                                = 1/3*3.14* 2.55*2.55*12.4

                                               = 84.39 m³

                                         

Hence, the volume of right circular cone is 84.39 m³

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PLEASE HELP WITH THIS

Answers

Answer:

a.2

b.area of one triangular faces =9m²

2×9m²18m²

Solve this

4( x + 4)=

Answers

Answer:

4x + 16 - simplified

Step-by-step explanation:

please help asap!
thanks

Answers

Answer:

Option B

Step-by-step explanation:

By applying Pythagoras theorem in the given right triangle,

(Hypotenuse)² = (leg 1)² + (leg 2)²

Now substitute the measures of each side in the formula,

(13)² = x² + (12)²

169 = x² + 144

x² = 169 - 144

x² = 25

x = √25

x = 5

Therefore, Option B will be the correct option.

Find the distance from the point (0,0) to the line y = x – 6. Round your answer to the nearest tenth.

Answers

Answer:

Step-by-step explanation:

Hi

answer:
6 units

step-by-step explanation:
using desmos
the y-intercept is vertical, and the x-intercept is horizontal
it touches the y-intercept at -6
distance cannot be negative


Perpendicular distance between the base of a triangle and the opposite vertex is called _____of the triangle

Answers

Answer:

Median might be the answer or maybe the height?

Altitude of the triangle

If AB = 15, what is the length of DE?

12

14

16

18

Answers

Answer:

16

Step-by-step explanation:

Answer:16

Step-by-step explanation:

Can someone please help me with math.

Answers

Answer:

D

Step-by-step explanation:

If you multiply all sides by 2 you get the same dimensions.

Which of the following graphs represents all values of x for which (2 + 1)(x - 3) <0?
(PLEASE HELP!!) :(

Answers

Answer:

D

Step-by-step explanation:

x < 3

If the value of "y" varies directly with "x"
and y = -8 when x = 4.
Find "y" when x = -4.
Enter the number that belongs in the green box.
y = [?]

Answers

This is see through. Y = -8 both vary directly with X.
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