Nancy deposits $2500 into an investing account that pays 6.1% annual interest compounded quarterly. What will be the balance after 10 years? Round to the nearest cent.

Answers

Answer 1

Step-by-step explanation:

P=principle balance

r= interest rate

n= no. of times interest compounded per year

t= time period.

[tex]A = P {(1 + \frac{r}{n}) }^{nt} \\A = 2500 ({1 + \frac{ \frac{6.1}{100} }{4} )}^{4(10)} \\ A = 2500 {(1 + \frac{0.061}{4} )}^{40} \\ A = 2500 {(1 + 0.01525)}^{40} \\ A = 2500 {(1.01525)}^{40} \\ A = 4579.94[/tex]

BRAINLIST PLS

Answer 2

Based on the information given the balance after 10 years is $4579.94

Balance after 10 years

Using this formula

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

Where:

P=principle balance=2500

r= interest rate=6.1%

n= Number of times interest compounded per year=4

t= time period=10 years

Let plug in the formula

Amount=2500(1+0.061/4)^4×10

Amount=2500(1+0.01525)^40

Amount=2500(1.01525)^40

Amount=$4579.94

Inconclusion  the balance after 10 years is $4579.94

Learn more about  balance after 10 years here:https://brainly.com/question/25545513


Related Questions

A new video streaming and renting company Webflix claims it is better than its competitors. They charge $3.00 per month plus $1.25 per rental of new movie releases. A close competitor refutes the claims of Webflix and stated that they are actually better than its competitors. Zulu charges $4.00 per month plus
$1.00 per rental of new movie releases.

a) If you rent 7 movies, which streaming service would cost more? Explain/show your reasoning

b) Write a system of equations representing the total costs of the two streaming companies based on x
movie rentals.

c) How many movie rentals would it take for the streaming services to cost the same? Explain/show
your reasoning

d) Make an argument on which streaming service is the better cost.

Answers

Answer:

A

Step-by-step explanation:

I I think that's the answer


Choose all of the proportional relationships that have a greater unit rate than the unit rate of this graph.
10
9
8
7
6
5
4
3
2
1
5
7
B
00
9 TD
X
y
2
5
10
15
low
y
3
6
9
6
12
18
6
y = 2x
y = 0.25%
y
2
4
y
3
6
9
8
16
24
8
12

Answers

The proportional relationships that have a unit rate that is greater than that of the one of the graph are: the first and third tables, and y = 2x.

How to Determine the Unit Rate of a Proportional Relationship?

The unit rate can be calculated as, m = y/x. In an equation that represents a proportional relationship, y = mx, the value of m is the unit rate.

Using a point on the graph, (5, 2):

Unit rate of the graph = y/x = 2/5

Unit rate = 0.4.

Unit rate for the first table = 3/5 = 0.6 [greater than 0.4]

Unit rate for the second table = 2/6 = 0.3 [less than 0.4]

Unit rate for y = 2x, is 2 [greater than 0.4].

Unit rate for y = 0.25x, is 0.25 [less than 0.4].

Unit rate for the third table = 2/4 = 0.5 [greater than 0.4]

Unit rate for the second table = 3/8 = 0.375 [less than 0.4]

Those that have a unit rate that is greater than the one of the graph are: the first and third tables, and y = 2x.

Learn more about unit rate on:

https://brainly.com/question/4895463

#SPJ1


A farmer has two tractors. The probability that
tractor 1 will break down is 3% and the
probability that tractor 2 will break down is
5%. What is the probability that both tractors
will break down on a given day? Give your
ansineras

Answers

Step-by-step explanation:

the break down probabilities are for the same given day ? one day ?

if that is so, then the expected value for a break down day for tractor 1 will be 34 days (rounded up 100%/3%), and for tractor 2 20 days (100%/5%).

that would be horrible. a tractor would only work for about a month without major repair.

because normally such probabilities are given for a warranty period like 1 or 3 or 5 years.

but the description does not say anything about that. so, we have to go with the primary assumption.

so, the question is about the probability that both things happen at the same time (the same day).

this is like asking for the probability of rolling a double 6 with two dice - both events (a 6 on a die) have to happen "together". so it is the probability of one event multiplied by the probability of the second event : 1/6 × 1/6 = 1/36

5% = 0.05 (5% is 5 hundredths) = 5/100

3% = 0.03 (3% is 3 hundredths) = 3/100

now both events (break-down of both tractors) happen together means 5/100 × 3/100 = 15/10000 = 0.0015

that means the probability in % is 0.15%

that means in other words, this event (both tractors breaking down on the save day) is expected to happen 15 times in 10000 days, or once every 667 days (or roughly every 2 years).

Isabelle ran a distance of about 26 miles during a marathon. In other countries, kilometers is used to measure length. There are approximately 8 kilometers in 5 miles.

Which measurement is closest to the number of kilometers Isabell ran?

Answer
A
16.3 kilometers.


B
41.6 kilometers.


C
7.2 kilometers.


D
53.5 kilometers.

Answers

Answer:

Step-by-step explanation:

b

Question 1 of 10
If f(x) = 4x - 12, what is f(2)?
A. -20
ОО O
B. 8
C. -4
O
D. 4

Answers

Answer:

C -4

Step-by-step explanation:

f(2)= 4(2) - 12

f(2) = -4

During a sale, a store offered a 20% discount on a camera that originally sold for $650. After the sale, the discounted price of the camera was marked up by 20%. What was the price of the camera after the markup? Round to the nearest cent.

Answers

Answer:

$624

Step-by-step explanation:

650 * .80 = 520

520 * 1.20 = 624

the person who answes my question can u stay because i have more thankyou

Answers

Answer:

c. 60 mins

Step-by-step explanation:

12 * 5 = 60

15 * 4 = 60

what is the slope of the equation above?

Answers

answer: slope is 3/7

If the point (2K-3, K+2) lies on the graph of the equation 2x+y+14=0, find the value of k.?​

Answers

Answer:

k = -2

Step-by-step explanation:

Substitute 2k-3 for x and k+2 for 2

2x + y + 14 =0

2(2k-3) + (k + 2) + 14 = 0

4k - 6 + k + 2 + 14 = 0

4k + k - 6 + 2 + 14 = 0

5k + 10 = 0

5k + 10 - 10 = 0 - 10

5k = -10

[tex]\frac{5k}{5} = \frac{-10}{5}[/tex]

k = -2

1. £1000 is invested for 2 years at 5% per annum with compound interest. Work out the total amount in the account after 2 years.

Answers

1000x1.05^2 =£1102.5

Answer:

A = £1102.50

Step-by-step explanation:

Use the compound amount formula:

A = P(1 + r)^t, where P is the principal, r is the interest rate as a decimal fraction, and t is the number of years.

Here A = £1000·(1 + 0.05)^2, which evaluates to  A = £1102.50

please help me asap

Answers

Answer:

No, it isn't linear because the graph is not a straight line.

Step-by-step explanation:

(see picture of graph)

Linear means a straight line, and these points do not form a line, so it is not linear. You can also calculate this by finding the slope between each point and the previous.

Plsss some one help with this

Answers

Answer:

the answer is c and the entire equation means that the tickets each cost $15 and the service fee is $12

The average bedroom is an apartment is approximately 16x10

Answers

Answer:

Bro what to find with this

Answer:

 which would mean it would  have the area  of   160 square feet  

Step-by-step explanation:

Noah’s recipe for one batch of sparkling orange juice uses 4 liters of orange juice and 5 liters of soda water. If someone uses 400 liters of orange juice, how much soda water would they need? And how many batches would that make?

Answers

Answer:

They would need 500 liters of soda water and this would make 100 batches of the sparkling orange juice.

Step-by-step explanation:

hope this helps. . . <3

good luck!    uωu

Answer:

500 soda water, 100 batches, just a guess so sorry if im wrong

Step-by-step explanation:

An ice cream truck sells ice cream between 2 p.m. and 10 p.m. each night in the summer. At the end of the night, the driver calculates his profits and makes a graph to analyze the data. What is the average rate of change for the from the 1st hour to the 4th hour? Be sure to include the correct units of measurement

Answers

The rate of change is in Y over the change in X.

Y is the dollar amount at 4 is 78 at 1 it is 54, the change is 78 - 54 = 24.

X is the time the change from 4 to 1 is 3 ( 4 - 1 = 3)

The rate of change is 24 / 3 = 8.

The answer is 8 dollars per hour.

An ice cream truck sells ice cream between 2 p.m. and 10 p.m. each night in the summer. the average rate of change from the 1st hour to the 4th hour is 8.

What is the unitary method?

The unitary method is a method for solving a problem by the first value of a single unit and then finding the value by multiplying the single value.

An ice cream truck sells ice cream between 2 p.m. and 10 p.m. each night in the summer.

At the end of the night, the driver calculates his profits and makes a graph to analyze the data.

The rate of change is in Y over the change in X.

Y is the dollar amount at 4 = 78 ,

at 1 = 54

the change is 78 - 54 = 24.                                        

X is the time the change from 4 to 1 = 3

The change is ( 4 - 1 = 3)

The rate of change = 24 / 3 = 8.

Therefore, The answer is 8 dollars per hour.

Learn more about the unitary method;

https://brainly.com/question/23423168

#SPJ2

Audrey & Jack begin a candlelight

dinner at 5pm with a 9-inch candle. At

8pm, their candle is only 3 inches.

What is the average rate of change of

the height of the candle per hour?

Answers

Answer:

-2 inches per hour

Step-by-step explanation:

Finding the average rate of change is just like finding the slope. So, take the y values (height) and subtract them and divide that by the difference in the x values (time).

( 3 - 9 ) / ( 8 - 5 )

= -6 / 3

= -2 inches per hour

Find the equation of a line parallel to y = -5x – 10 that passes through the point
(-5,0).

Answers

Answer:

8684787

Step-by-step explanation:

An equilateral triangle and a rectangle have the same perimeter.
How do you find the side lengths of the equilateral triangle and the rectangle?

Answers

I think you already got the explanation part

I've just solved for 'x' in here

And to check if the answer is correct or not, you just put in this value of x and try finding the perimeter for each.

You'll get 24 units!

I'm sorry, but it wouldn't let me answer earlier XD

Write the statement "--5 times x subtracted from 22 is less than 9 more than
x" as a mathematical inequality. I dont know this sorry​

Answers

Answer:

5x-22<9<x

Step-by-step explanation:

5 times x = 5x

subtract 22 = 5x-22

less then = 5x-22<

9 more then x = 5x-22<9<x

For every 20 penguins at the North Pole there are 9 polar bears. If you encountered 27 polar bears, how many penguins would you expect to see?​

Answers

Answer:

60 penguins

Step-by-step explanation:

We need to find out how many times 9, the number of polar bears for every 20 penguins, was multiplied by, so that we can multiply 20 penguins by the same amount.

27/9 = 3

20*3 = 60

Answer: 60

Step-by-step explanation:

The ratio is 20:9. If you times both sides by 3, you will get 60:27, which means 60 penguins per 27 polar bears.

47-?=50-35 please help

Answers

The answer is 32
Well brainly force me to type at least 20 words so I will just random type some words here

Answer:

x = 32

Step 1: Solve the right-hand side of the equation.

47 - x = 50 - 35

=> 47 - x = 15

Step 2: Subtract '47' from both ends.

=> 47 - x = 15

=> -x = 15 - 47

Step 3: Solve for x.

=> -x = -32

=> x = 32.

Hoped this helped.

Zachary wants to ride his bicycle 26.8 miles this week. He has already ridden 8 miles.
If he rides for 4 more days, write and solve an equation which can be used to
determine m, the average number of miles he would have to ride each day to meet his
goal.

Answers

Answer:

4.7 ~~~ :D

Step-by-step explanation:

t = total...i = initial amount ridden......d = days..... m = average amount of miles

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

t = i +dm

26.8 = 8 + 4m

----------------- solve -----------------

26.8 = 8 + 4m ----> 18.8 = 4m ----> 4.7 = m

The expression is 26.8 = 8 + 4m and the average number of, miles he would have to ride each day to meet his goal is 4.7.

What is an expression?

Expression in maths is defined as the collection of numbers variables and functions by using signs like addition, subtraction, multiplication, and division.

Numbers (constants), variables, operations, functions, brackets, punctuation, and grouping can all be represented by mathematical symbols, which can also be used to indicate the logical syntax's order of operations and other features.

Let the attributes be, t = total,  i = initial amount ridden, d = days, and m = average amount of miles.

The required expression can be written as below:-

t = i +dm

26.8 = 8 + 4m

The value of average miles will be calculated by solving the expression:-

26.8 = 8 + 4m

18.8 = 4m

4.7 = m

Therefore, the expression is 26.8 = 8 + 4m and the average number of, miles he would have to ride each day to meet his goal is 4.7.

To know more about expression follow

https://brainly.com/question/723406

#SPJ2

What is the are of a circle if pi is 22/7

Answers

Answer:

In-sufficient data

Step-by-step explanation:

The formula for area is pi*radius*radius

This shake is made from five congruent triangles. Find the total area of the shape

Answers

Area of one triangle = [tex]A = \frac{a·b}{2} = \frac{6 \times 3}{2} = \frac{18}{2} = 9 {cm}^{2} \\ [/tex]

For 5 triangles = [tex]9 \times 5 = 45 {cm}^{2} [/tex]

- BRAINLIEST answerer

Amy buys 16 envelopes for 14p each and pays with a £5 note.
How much change does she get?
Give your answer in pounds, £.

Answers

Answer:

  £2.76

Step-by-step explanation:

The cost of Amy's purchase is ...

  16×(£0.14) = £2.24

Her change from £5.00 is ...

  £5.00 -2.24 = £2.76 . . . . Amy's change

Use point-slope form to write the equation of a line that passes through the point
(-6,3) with slope – 2.

Answers

Answer:

y = -2x - 9

Step-by-step explanation:

Slope = - 2

Using the slope = -2 and the point (-6, 3) substitute into y= mx + b and solve for "b"

y = mx + b

3 = -2(-6) + b

3 = 12 + b

3 - 12 = b

-9 = b

The equation of the line is y = -2x - 9

The chances that you will be ticketed for illegal parking on campus are about 1/3. During the last nine days, you have illegally parked every day and have NOT been ticketed (you lucky person!). Today, on the 10th day, you again decide to park illegally. The chances that you will be caught are:

Answers

2/3*9=6
6/10=3/5
3/5 chance to be caught

The required probability of getting caught on the 10th day is 3/5.

What is probability?

Probability can be defined as the ratio of favorable outcomes to the total number of events.

Here,
Probability of getting caught in 9 days
= [1 - 1/3]*9=6

The probability of getting on the tenth day is given as,

= 6/10
=3/5

Thus, the required probability of getting caught on the 10th day is 3/5.

Learn more about probability here:

brainly.com/question/14290572

#SPJ5

Bacteria colonies can triple in size every 4 days. If you start with 150 bacteria microorganisms, how large would the colony be after 16 days? First, complete the equation: Future Amount = 150(1+[?]​

Answers

Answer:

But notice that the colony tripled 4 times in 16 days, or it tripled 16 / 4 = 4 times.

Step-by-step explanation:

150 x 3 x 3 x 3 x 3 = 150 x 34 = 150 x 81 = 12,150.

Hope this helps

Answer:

ha i got nothing

Step-by-step explanation:

he i got nothing

Find the slope (-10,-3) (7,2)

Answers

Answer:

Let (-10,-3) be (x1, y1)

and (7, 2) be (x2, y2).

Slope = [tex]\frac{y2-y1}{x2-x1}[/tex]

Substitute in values:

[tex]\frac{2-(-3)}{7-(-10)} =\frac{5}{17}[/tex]

Answer:

5/17

Step-by-step explanation:

Slope = Change in /Change in X

Slope = 2 - (-3) / 7 - (-10)

Slope = 5/17

-Chetan K

5 razor blades cost 35p find the cost of 15 razor blades​

Answers

Answer:

The cost would be 105p

Step-by-step explanation:

If 5 razor blades equals 35 p 5x3=15 so 35x3=105

Answer:

the ansawer would be 105

Step-by-step explanation:

You could figure this out by either multiplying 35 by 3 since 35 is 5 blades, and 5 multiplied by 3 is 15, you can also multiply 35 by 3.

You can also use ratios to figure it out. You'd have to set it up like this; 5 to 35 then you'd have to divide both 5 and 35 by 5. You'd get 1 to 7. Then, finally multiply the ratio by 15, getting 15 to 105.

Other Questions
Explain what happens in each stage of mitosis. no links How deep does electrical conduit need to be buried? Pls Help! Worth 8 Points Will Give Brainlest Solve each equation for the specified variable.a. a-q=a+sx for xb. kx-bf=fy/m for yc. a-q=a+sx for qd. kx-bf=fy/m for mPLEASE HELP I WILL GIVE GREATEST ANSWER TO WHOEVER SOLVES ALL OF THEM THE BEST. THANK YOU SO MUCH The comparison between the number of human genes and those of other animal species has led to many conclusions, including that _____. Volcanic eruptions have immediate effects such asAND long term effects such asO global warming, hot lavaO global warming, lowering temperaturesO lowering temperatures, global warmingO hot lava, causing more hurricanes 1. Stories expressed mainly in text are under what multimodal text?A. Linguistic B. Gestural C. Visual D. Spatial E. Audio2. Dramatization or role playing and dance performance are categorized as __________.A. Linguistic B. Gestural C. Visual D. Spatial E. Audio3. Photographs, pictures and posters fall primarily under what modality?A. Linguistic B. Gestural C. Visual D. Spatial E. Audio4. Musicals and other song performances are examples of ____________A. Linguistic B. Gestural C. Visual D. Spatial E. Audio5. Stories with text and images, biographical portraits use both _____________.A. Linguistic and visual B. Gestural and audioC. Spatial and gestural D. Linguistic and audio Determine if the triangles are similar. If similar, choose how and also choose the correct similarity statement.Select 2 correct answer(s)SASSSSAANot SimilarLMN ~ GHNLNM ~ GHNMLN ~ GHN Find the volume of the largest right circular cylinder that can be inscribed in a sphere of radius 6 Which will be different on the moon than it is on Earth?weightmass What aspect of Athenian society allowed its citizens to have the time to hold public office and participate in the democracy?The large number of citizens in Athens.Everyone in Athens was rich.The use of slavery.Not all of the citizens were able to participate in the democracy.NO LINKS Help help help help hell help bell how many grams of H20 can be formed from 0.996 g C8 H18? 22 divided by a number s in algebraic expressions 1. Alpha-gamma coactivationA. is critical for preventing contraction of an antagonist muscle when the other muscle is contracting during voluntarymovementB. is critical for maintaining the appropriate tension on the spindle organ during contraction of extrafusal fibers.C. is the process by which Ca2+ is released from the sarcolemma when nicotinic acetylcholine receptors are activatedat the neuromuscular junctionnone of the above Which one of these is not an important structural feature found by the number ofelectron rich regionsHybridizationBond AnglesElectronegativityElectron Geometry what trype of preople setteland russia HELP ME WHATS THE PERIMETER What is the condition in a male in which the prostate gland enlarges and compresses the urethra, causing bladder, kidney, and urinary problems? 100 POINTS ANSWER QUICKA sphere has a diameter of 9 inches.What is the volume of the sphere rounded to the nearest tenth?Use 3.14 for pi.95.4 in381.5 in763.0 in3052.1 in