You deposit $2100 in an account earning 3.6% interest compounded monthly. How much will you have in the account in 7 years?

Answers

Answer 1

The compound interest after 7 years is $2701.

What is compound interest?

The interest on savings that is computed on both the initial principal and the interest accrued over time is known as compound interest. Compound interest is computed by multiplying the starting principal amount by one and the annual interest rate raised to the number of compound periods minus one. The final step is to deduct the initial loan principal from the calculated value.

When the amount compounds quarterly, it means that the amount compounds 4 times in a year. i.e., n = 4. We use this fact to derive the quarterly compound interest formula. Thus, the quarterly compound interest formula is:

A = P (1 + r/12)[tex].^{n/12}[/tex]

A = 2100(1+3.6/12)[tex].^{7/12}[/tex]

A=2701

Hence the compound interest after 7 years will be $2701.


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Related Questions

Scarlett and Kamila are throwing a pizza party. They invited 436 students from school. Each pizza was cut into 6 pieces. How many pizza should they order?

Answers

Answer:

73 pizzas

Step-by-step explanation:

Scarlett and Kamila are throwing a pizza party. They invited 436 students from school. Each pizza was cut into 6 pieces. How many pizza should they order?

pizzas are cut into 6 slices so:

436/6 = 72.66 pizzas

Because you cannot order a partial pizza round up to:

73 pizzas

a divided by 4 is equal to For a= 7

Answers

Answer:

no no lose me das las respuestas

*
Hamburger meat is priced at $5.98
for 1.3 pounds of meat. What is the
the price per pound?
Your answer

Answers

The price per pound of meat is $4.60.

How to calculate the price of meat?

Given that hamburger meat is priced at $5.98 for 1.3 pounds of meat.

It should be noted that to find the cost per pound of meat, we will need to divide the value given.

This will be:

= Cost of meat / Pound of meat

= $5.98 / 1.3

= $4.6

The price is $4.60.

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Jasmine evaluated the expression 10 - (-3)
and says it is equal to 7. Is she right? If not, what was her mistake?

Answers

Jasmine was not right in evaluating the expression. She didn't multiply the subtraction signs.

How to evaluate an expression?

An algebraic expression consists of unknown variables, numbers and arithmetic operators.

To evaluate an algebraic expression means to find the value of the expression when the variable is replaced by a given number.

Therefore, let's evaluate Jasmine expression.

10 - (-3)

we have to open the bracket by multiplying the negative signs.

- × -  = +

Hence,

10 - (-3)  = 10 + 3 = 13

Therefore, Jasmine is wrong. Her mistake was not multiplying the minus sign.

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I need help on question 5
4. In triangle ΔABC, AB≅BC An altitude is drawn from B to AC and intersects always true?
1) ∠ABD≅∠CBD
2) ∠BDA≅∠BDC
3) AD≅BD
4) AD≅DC
5. In ΔEFG, IF is a median, GE=3 x+5 and I E=x+6. Find x.

Answers

Answer:

4. 1), 2), 4) are true

5. x = 7

Step-by-step explanation:

In question 4.

1), 2), and 4) are true

Triangles ABD and CBD are congruent by AAS. Then by CPCTC, 1) and 4) are true. 2) is true by definition of altitude and all right angles are congruent.

5.

Your drawing is good.

Since IF is a median, then IE = IG = (1/2)GE

IE = (1/2)GE

x + 6 = (1/2)(3x + 5)

2x + 12 = 3x + 5

-x = -7

x = 7

How can a polynomial expression be factored completely?

Answers

Answer:

Step-by-step explanation:

To factor the GCF out of a polynomial, we do the following: 


Find the GCF of all the terms in the polynomial. Express each term as a product of the GCF and another factor. Use the distributive property to factor out the GCF.


hope it helps!


Polynomials can be factored via the following methods:

• Grouping
- A polynomial is grouped into equivalent, even terms to be factored.

• GCF
- The GCF of all terms in the polynomial is pulled out front to distribute to these terms, creating an equivalent, factored polynomial.

• Quadratic factorization
- A trinomial polynomial of degree 2 is factored using the quadratic factoring method or quadratic formula.

• Cubic and squared polynomial methods
- A polynomial is factored into a difference of squares, sum of cubes, or difference of cubes.

A scuba diver descends in the water at a rate of 23.5 feet per minute for 2.6 minutes. He immediately changes course when he sees a large fish and ascends at a rate of 28 feet per minute for 2 minutes. What is the scuba diver's position relative to sea level after the 4.6 minutes? Enter your answer as a decimal in the box.

Answers

Answer:

Step-by-step explanation:

t is given that a scuba driver descends in water for 2.8 minutes at a rate of   feet per minute.

Let's assume the descending position as negative.

The position at which the scuba driver will be after 2.8 minutes is :

= -  feet per minute × 2.8 minutes

= - 57.4 feet

Now , he sees a large fish and changes his direction and starts diving ascending at a rate of 25 feet per minute for 2 minutes.

Let's assume the ascending position as positive.

So , The position at which the scuba driver will be after 2 minutes after seeing large fish is :

= 25 × 2

= 50 feet

So , the scuba diver's position relative to sea level after the 4.8 minutes will be :

= -57.4 + 50

= -7.4 feet

This meant Scuba driver is 7.4 feet below sea level.

Choose the compound inequality that represents each phrase.
All real numbers that are less than –3 or greater than or equal to 5
A. x < –3 or x > 5
B. x < 5 or x > –3
C. x < –3 or x > 5
D. x < –3 or x < 5

Answers

Answer is A lt-less than which is 3 and gt which is greater than 5

A map has a scale of 1/2 inch
equals 25 miles. How many
miles are 8 inches?

Answers

According to the given scale, 400 miles are 8 inches.

Scale

Scale refers the ratio that defines the relation between the actual figure and its model. And it is used in maps to represent the actual figures in smaller units.

Given,

A map has a scale of 1/2 inch equals 25 miles.

Here we need to find how many miles are 8 inches.

Through the given question we know that,

1/2 inches = 25 miles.

Then the 1 inch is equal to,

1 inch = 25 x 2 = 50 miles.

Therefore, the miles equivalent of 8 inches is written as,

=> 8 x 50

=> 400 miles.

Therefore, 8 inches is equal to 400 miles.

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Amit sold 3 shells last week for $5 each
and 2 more shells this week for $5 each.
Show two ways to determine how much
money Amit made in the two weeks.

Answers

The two ways to determine how much money Amit made in the two weeks are,

$5(3 + 2) = $25 and $5(3) + $5(2) = $25.

What is shell?

A hard, protective outer layer is typically produced by an animal that lives in the sea and is referred to as a shell, seashell, or simply a shell. The animal's body includes the shell. Beachcombers regularly discover empty seashells washed up on beaches.

Given: Amit sold 3 shells last week for $5 each.

And 2 more shells this week for $5 each.

So, the equation which represent the total money is,

$5(3) + $5(2) = $15 + $10 = $25.

Also we can express this equation as,

$5(3 + 2) = $5(5) = $25

Therefore, the two ways to determine how much money Amit made in the two weeks are,

$5(3 + 2) = $25 and $5(3) + $5(2) = $25

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A photocopier takes 8 seconds to make 20 copies. How long will it take to make 45 copies?

Answers

Answer: 18

Step-by-step explanation:

8--20

x--45

x=45*8/20

x=18

In the general multiple regression equation, which of the following variables represents the Y-intercept? Select one: O a. b1 O b. X1 c. d. a

Answers

Answer:

it is a since using the pythagoras theorium the brainly bahahaha

At how many seconds s will the two bottles have the same amount of water if Jason and Pedro start drinking from each of their bottles at the same time ?

Answers

The time at which the two bottles will have the same amount of water, using linear functions, is of:

26 seconds.

What is a linear function?

The slope-intercept representation of a linear function is given by the rule shown as follows:

y = mx + b

The coefficients of the function and their meaning are described as follows:

m is the slope of the function, representing the change in the output variable y when the input variable x is increased by one.b is the y-intercept of the function, which is the numeric value of the function when the input x is of zero.

For the functions in this problem, we have that:

The slope is the rate of water they drink per second.The intercept is the initial amount of water that they have.

Hence the functions are given as follows:

Jason: J(x) = 20 - x.Pedro: P(x) = 65 - 2.5x.

The time at which they have the same amount is x for which:

P(x) = J(x)

65 - 2.5x = 20 - x

1.5x = 45

x = 45/1.5

x = 30 seconds.

However, at this time, the amount would be of:

J(30) = 20 - 30 = -10.

Which is a negative amount of water, not possible, hence they would have the same amount when Jason finishes, hence:

65 - 2.5x = 0

2.5x = 65

x = 65/2.5

x = 26 seconds.

Missing Information

The problem is:

Jason's water bottle has 20 ounces of water, and he is drinking ata rate of 1 ouncer per second. Pedro's water bottle contains 65 bunces of water, and he is drinking at a rate of 2.5 ouncers per second. At how many seconds, s, will the two bottles have the same amount of water if Jason and Pedro start drinking from each of their bottles at the same time?

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Devaughn is 13 years younger than Sydney. The sum of their ages is 43 . What is Sydney's age?

Answers

Answer:

30 years

Step-by-step explanation:

subtract devaughn's age from the sum of ages

need some help please

Answers

The values are given below,

Left Hand Limit i.e.  [tex]\lim_{x \to 1^-} f(x)[/tex] = 3 ,

Right Hand Limit i.e.  [tex]\lim_{x \to 1^+} f(x)[/tex] = 1 ,

Function value at x = 1  [tex]f(1)[/tex] = 1 ,

Left Hand Derivative [tex]\lim_{x \to 1^-} f'(x)[/tex] = -6 and

Right Hand Derivative [tex]\lim_{x \to 1^+} f'(x)[/tex] = -6.

So, the function f(x) is neither continuous nor differentiable at x = 1.

Given, a piecewise function

              3㏑(3 - 2x) + 3                for x < 1

f(x) =

                    -3x² + 4                     for x ≥ 1

Now, for  [tex]\lim_{x \to 1^-} f(x)[/tex] we will consider the function  3㏑(3 - 2x) + 3, as we have to find the Left Hand Limit of the function, at x = 1.

[tex]\lim_{x \to 1}[/tex] 3㏑(3 - 2x) + 3 = 3㏑(3 - 2(1)) + 3

= 3 ㏑(1) + 3

= 0 + 3

= 3

Now, for [tex]\lim_{x \to 1^+} f(x)[/tex] we will consider the function -3x² + 4, as we have to find the Right Hand Limit of the function, at x = 1.

[tex]\lim_{x \to 1}[/tex] -3x² + 4 = -3(1)² + 4

= -3 + 4

= 1

Now, for [tex]f(1)[/tex] we will consider the function -3x² + 4,

[tex]f(1)[/tex] = -3(1)² + 4

= -3 + 4

= 1

Now, for [tex]\lim_{x \to 1^-} f'(x)[/tex] we will consider the derivative of the function

3㏑(3 - 2x) + 3,

[tex]\lim_{x \to 1}[/tex] -6/(3 - 2x) = -6/(3 - 2(1))

= -6

Now, for [tex]\lim_{x \to 1^+} f'(x)[/tex] we will consider the derivative of the function

-3x² + 4,

[tex]\lim_{x \to 1}[/tex] -6x = -6(1)

= -6

So, the function f(x) is neither continuous nor differentiable at x = 1.

Hence,  [tex]\lim_{x \to 1^-} f(x)[/tex] = 3 ,  [tex]\lim_{x \to 1^+} f(x)[/tex] = 1 ,  [tex]f(1)[/tex] = 1 ,  [tex]\lim_{x \to 1^-} f'(x)[/tex] = -6 and  [tex]\lim_{x \to 1^+} f'(x)[/tex] = -6

The function is neither continuous nor differentiable at x = 1.

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What mixed number is represented on the number line shown here?

Answers

Answer:

The mixed number is 1 and 2/5. If it is split into 5 parts.

Step-by-step explanation:

No explanation sorry!

Answer:

Step-by-step explanation:

We already know how to represent whole numbers on the number line. Let us consider the image shown, here, the digits 0 and 1 are represented on the number line.

Representation of 0 and 1 on The Number Line

If we divide the number line into two equal parts, as shown in the figure below, what value does that mid-point hold? Half of what the graduation between 0 and 1 holds.

So, the point represents (1-0)/2 = ½

Fraction - Representation Of Fraction On The Number Line

Thus we saw, to represent a fraction on the number line, we need to divide the line segment between two whole numbers into n equal parts where n represents the denominator of the fraction. For example, if we have to represent the fraction 1/5 on the number line, hence, we need to divide the line segment between 0 and 1 into five equal parts, where the first point as shown in the figure represents the fraction 1/5, the second represents 2/5 and so on.

Fraction Representation

We must note that, 0/5 = 0 here and 5/5 = 1.

Here you have seen the representation of proper fraction on the number line. To represent improper fractions, you first convert them into mixed fractions. The same procedure, as shown above, is used with the whole number as the starting point.

2. Раскройте скобки.
a) (6 + a) * 7;
6) 5 (10-x)

Answers

Answer:

a) 7a + 42 b) -5x + 50

Step-by-step explanation:

a) (6 + a) × 7 = ?

→ (6 + a) × 7

→ (6 × 7) + (a × 7)

→ 42 + 7a

→ 7a + 42

The answer is 7a + 42.

b) 5(10 - x) = ?

→ 5(10 - x)

→ (5 × 10) - (5 × x)

→ 50 - 5x

→ -5x + 50

The answer is -5x + 50.

cual es El promedio de 12,16 y 23​

Answers

Answer:

17

Step-by-step explanation:

Se suman todos los números y se divide por el número de números.

¡¡¡Espero que esto ayude!!!

(Translated to English: You add all the numbers together and divide by the number of numbers.  I hope this helps!!!)

A new car costs $24,250, which is approximately 110% of what a comparable car cost 3 years ago. What did the car cost 3 years ago?

Answers

The car's cost 3 years ago was $22,045.45.

According to the question,

We have the following information:

A new car costs $24,250, which is approximately 110% of what a comparable car cost 3 years ago.

Now, let's take the cost of car 3 years to be $x.

So, we have the following expression:

110% of x = 24250

110x/100 = 24250

Using the cross multiplication method:

110x = 24250*100

Dividing both sides by 110 will give us the value of x which is the required cost of car:

x = 2425000/110

x = $22045.45

Hence, the car's cost 3 years ago was $22,045.45.

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Your cross country team ran at a pace of 6 mph for 90 minutes. How far did your team run?

Answers

Answer:

9 miles

Step-by-step explanation:

90 min = 1hr and 30 min

6(miles)*1(hr) = 6

6(miles)*0.5(hr) = 3

[ remember we multiply by 0.5 because half of 1 hour is 30 min. ]

Answer: 9 miles

Step-by-step explanation:

convert 90 minutes into hours: 90 mins/60 mins in an hour = 1.5 hours

find how far the team ran: 6mph * 1.5 hours = 9 miles

answer: the team ran 9 miles in 90 minutes

For rectangles with the same area, the length varies inversely to the width. Henry is trying to decide how to plan the dimensions of his new rectangular swimming pool. He is planning on his pool being 200 square feet. One option would be to have a length of 20 ft and a width of 10ft. Write an equation to model this scenario.


PLEASE HELP WILLMARK BRAINLIEST


A: 10=a/20

B: 20=a/10

C: 10=20/a

D: 20= 10/a

Answers

Answer:

It would be c.................

A truck can be rented from Company A for $100 a day plus $0.30 per mile. Company B charges $50 a day plus $0.80 per mile to rent the same truck. Find the number of miles in a day at which the
rental costs for Company A and Company B are the same.
Atmiles, the rental costs are the same from either company.

Answers

Answer:

100 miles

Step-by-step explanation:

Let m be the number of miles.

[tex]100 + .30m = 50 + .80m[/tex]

[tex]100 = 50 + .50m[/tex]

[tex].50m = 50[/tex]

[tex]m = 100[/tex]

Answer:

100

Step-by-step explanation:

You can put into a graph such as desmos and see where the lines intersect. the x value of the intersection is the answer you want.

What is the exact solution to the equation 10x=23?

Answers

Answer:

x = 2.3

Step-by-step explanation:

you divide both sides of the equation by 10

find the size of angle x

Answers

Answer: 14 is bigger than 8 and x is smaller than 8 so x would be a small number, i bet that x is = to 3 cm

Step-by-step explanation:

I don't know for SURE though :)

Which of the following is an equation of a line that is parallel to y = 6x - 2 and has a y-intercept of (0, 3)
A-y = 3x + 6
B-y = 6x - 3
C-y = 3x - 6
D-y = 6x + 3

Answers

The equation of a line which is parallel to the given line; y = 6x - 2 as required in the task content is; Choice D-y = 6x + 3.

Equation of parallel lines.

It follows from the task content that the equation of a line which is parallel to the given equation; y = 6x - 2 is to be determined.

First, by comparison the given equation with the slope-intercept model of a linear equation; y = mx + c. where m is slope and c is y-intercept.

Slope, m = 6.

Hence, since parallel lines are lines which have equal slopes.

The slope of the required line is therefore; 6 and it's y-intercept (0, 3) has a y-coordinate of; 3.

The required equation of the line is therefore; y = 6x + 3.

The correct answer choice among the answer choices is; Choice D; y = 6x + 3.

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IXL need finished fast please Help fast !

Answers

The angles are alternate exterior so they add to equal 180
89+62-6x+3x=180
151-3x=180
-3x=29
X=-9.66 (repeating)

- 9 + 5z - 12z = 15 help please

Answers

Answer: z=24/7

Step-by-step explanation:

Find all values of m for which the equation has two real solutions
(m - 3)r² + 9r - 2 = 0

Answers

The value of m for equation  (m - 3)r² + 9r - 2 = 0 is 57/8.

What is quadratic equation?

A quadratic equation is a second-order polynomial equation in a single variable x , ax2+bx+c=0. with a ≠ 0 .

The given equation is (m - 3)r² + 9r - 2 = 0

For the equation to have real and equal roots, the discriminant should be 0.

b²-4ac=0

a=m-3, b=9, c=-2

plug in the values in discriminant

81-4(m-3)(-2)=0

81-4(-2m+6)=0

81+8m-24=0

8m+57=0

m=57/8=7.125

Hence, the value of m for equation  (m - 3)r² + 9r - 2 = 0 is 57/8.

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i need help asap with this question

Answers

Answer: B

Step-by-step explanation:

The width = 23/4

The length = 2 × the width = 2 × 23/4 = 23/2                

The perimeter of the rectangle = 2 ( length + width)

                                                    = 2 (23/2 + 23/4 )

                                                    = 2 ( 69/4)

                                                    = 69/2

                                                    = 34 .1/2

                     

Which two points on the number line are
opposites?
points A and B
points B and C
points C and D
points A and D

Answers

The point B and C are opposite to each other.

A number line is a mathematical visual representation of numbers on a straight line. The digits on a number line are positioned sequentially at regular intervals throughout its length. It frequently appears horizontally and might go on forever in any direction.

As seen from the number line, point A is one unit left of -1 which is -2. Since each mark is a difference of 1 and to the left is a negative value, point B is midway between -1 and 0 is half of -1 which is -0.5, point C is midway between 0 and 1 is basically half of 1 which is 0.5 and point D is halfway between 1 and 2 is exactly that 1.5

As per the numerical values of the given points, the two that are opposites to each other are points B and C. They both have a value of 0.5 on each end of the number line, one being negative while the other is positive, thus they are opposites of each other.

Therefore, points B and C are opposite to each other.

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The given question is incomplete. Here is the complete question:

Which two points on the number line are opposites? A number line goes from negative 2 to positive 2 in increments of 1. There are 4 equal spaces between each number. Point A is 1 mark to the left of negative 1. Point B is halfway between negative 1 and 0. Point C is halfway between 0 and 1. Point D is halfway between 1 and 2.

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