You deposit $300 each month into an account earning 4% interest compounded monthly.

A. How much will you have in the account in 20 years?
B. How much total money will you put into the account?
C. How much total interest will you earn?

Answers

Answer 1

You will have $1,09,545.455 in the account in 20 years. An you will put total $72,000 in the account. And you will earn $37,545.455 of total interest.

Here,

We deposit $300 each month earning 4% interest compounded monthly.

we will find the future value of this amount after 20 years.

for finding future value, The general formula is

FV=PV∙(((1+i)ⁿ-1))/i

Where,

FV= future value

PV=present value

i=interest

n=time period

now, our PV=300$ and we have 4% interest compounded monthly

i.e.

i=4/100∙1/12

i=0.0033

And, the period of time is

n=20×12

n=240

Now, we will calculate the future value

FV=300 (((1+0.0033)²⁴⁰-1))/0.0033

FV=300 (((1.0033)²⁴⁰-1))/0.0033

FV=300 (((2.205)-1))/0.0033

FV=300(365.15)

FV=1,09,545.455$

Now, The total money you put into account is

total amount=300×20×12

total amount=72,000$

Total interest,

total interest=109545.455-72000

total interest=37,545.455$

To know more about compound interest refer to:

https://brainly.com/question/3989769

#SPJ1


Related Questions

What is the prime factorization of 144?
OA) 4 x 36
OB) 22x6
OC) 24x3²
OD) 12x12

Answers

The Prime factorization of 144 is  ([tex]2^4[/tex]) x (3²).´

What is a factor?

A factor is a number/expression that divides another number/expression, leaves zero remainder . In other words, if multiplying two numbers/expressions gives us a product, then the numbers/expressions we are multiplying are factors of the product because they are divisible by the product.

Factors of 144:

1, 2, 3, 4, 6, 8, 9, 12, 16, 18, 24, 36, 48, 72, 144.

Prime factorization:

144 = 2 x 2 x 2 x 2 x 3 x 3, which can also be written as

144 = ([tex]2^4[/tex]) x (3²).´

To learn more about the factor from the given link

https://brainly.com/question/25829061

#SPJ1

A plant is already 11.25 meters tall, and it will grow 15 centimeters every month. The plant's height, H (in meters), after x months is given by the following.

Answers

The plant's height after x months is 11.25 + 15x.

How to calculate the plants height?

From the information illustrated, the plant is already 11.25 meters tall, and it will grow 15 centimeters every month.

In this case, let the plant's height be H (in meters)

Let the number of months be x.

The plant height will be:

= 11.25 + (15 × x)

= 11.25 + 15x

This is the height.

Learn more about height on:

brainly.com/question/73194

#SPJ1

Complete question

A plant is already 11.25 meters tall, and it will grow 15 centimeters every month. When is the plant's height, H (in meters), after x months?

Write the given expression as an algebraic expression in x. tan(2 sin^-1(x))

Answers

The trigonometric ratio tan(2 sin⁻¹(x)) is expressed as 2sec(x)

Trigonometric Ratio

The six trigonometric ratios are sine (sin), cosine (cos), tangent (tan), cotangent (cot), cosecant (cosec), and secant (sec). In geometry, trigonometry is a branch of mathematics that deals with the sides and angles of a right-angled triangle. Therefore, trig ratios are evaluated with respect to sides and angles.

In the question given, we have;

tan(2 sin⁻¹(x))

tan = sin / cos

sin/cos(2 * 1/sin x)

The expression becomes 2/cosx or 2cos⁻¹(x)

But cos⁻¹ = sec

tan(2 sin⁻¹(x)) = 2sec(x)

learn more on trigonometric ratio here;

https://brainly.com/question/9085166

#SPJ1

Given 1000 with 100<0, and 100<0 for all x in the interval with 1-1 and 1-03, the left, right, traperoidal, and midpoint rule approximations were used to estimate
08421 and 0.8895, and the same number of subintervals were used in each case. Match the rule to its estimate
Match
left endpoint
right endpoint
midpoint
trapezoidal
actual area
Definition
A) 0.7915
08410
0.8895
DJ08421
0.5405
The estimates were 0.7915, 0.8405, 08410

Answers

Answer:

Step-by-step explanation;

Which of the following is equal to 6.6÷2

Answers

Answer:B

Step-by-step explanation:

A is equal to 6.3'.

none of the others are equal to 3.3 exactly.

Find the final balance earned in an account with $845 invested at 4% annual simple
interest for 18 months.

Answers

The final balance is $895.7.

What is simple interest?

Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

Interest = principal ×rate× time

Given, principal = $845

rate = 4%

time = 18 months = 3/2 years.

After substituting the values, we get

Interest = 845(4)(3/2)/100

= 50.7

Final balance = initial balance + interest

Therefore,

Final balance = 845 + 50.7

= $895.7

To know more about simple interest, visit:

https://brainly.com/question/28655726

#SPJ9

{Question 19} Please help! Need by tonight! Thanks

Answers

Answer: 3, -1/3x - 1

Step-by-step explanation:

Answer:

y= -1/3x-1

Step-by-step explanation:

Find the slope of the line by plugging two points into the slope formula

[tex]\frac{y_{2}-y_{1} }{x_2-x_1}[/tex]

[tex]\frac{-1-0}{0-(-3)}[/tex]

m= -1/3

Find the y-intercept by seeing where the graph intersects the y-axis

b = -1

y=mx+b

y= -1/3x-1

If 7 is lessened by 2 of a number, the result is the same as 3 subtracting of the number from 10. Write an equation to represent this situation. Use 'x' as the variable. ​

Answers

An equation to represent this situation x is 37/12. The components of a whole or group of items are represented by fractions.

What is fraction?The components of a whole or group of items are represented by fractions. A fraction consists of two components. The numerator is the figure at the top of the line. An element of a whole is a fraction. The number is represented mathematically as a quotient, where the numerator and denominator are split. Both are integers in a simple fraction. In a complex fraction, a fraction can be found in either the numerator or the denominator. A suitable fraction has a numerator that is less than its denominator.Any number of equal parts is represented by a fraction, which also represents a portion of a whole.

Here 7 is lessoned by 2 of a number.

Consider x be the number.

we get 2x - 7

the result is same as 3 subtracting of the number from 10.

therefore, we get 10 ( 3 - x )

from this two equations we get,

⇒ 2x - 7 = 10 ( 3 - x )

⇒ 2x - 7 = 30 - 10x

Simplifying we get,

⇒ -37 = - 12x

⇒ x = 37/12

Therefore, An equation to represent this situation x is 37/12.

To learn more about fraction refer to;

https://brainly.com/question/78672

#SPJ1

13 tenths + 8tenths + 32 hundredths

Answers

In the decimal for, the value of 13 tenths + 8 tenths + 32 hundredths is 2.42

Decimal

Decimal means a number that has a decimal point followed by digits that show the fractional part.

Given,

Here we have the expression 13 tenths + 8 tenths + 32 hundredths

Now, we need to find the value of this expression.

We know that, Tenths means we have one digit after the decimal point and the hundredths have two digits after the decimal point.

So, in the given expression 13 tenths is written as 1.3

And the  8 tenths is written as 0.8

And finally, the 32 hundredths is written as 0.32

Now, we have to add these numbers, then we get,

=> 1.3 + 0.8 + 0.32

=> 2.42

Therefore, the value of 13 tenths + 8 tenths + 32 hundredths is 2.42

To know more about Decimal here.

https://brainly.com/question/548650

#SPJ1

Find the y intercept

Answers

Because there is a slope of 0, the graph is a horizontal line.

Plug into the slope-intercept form: y=mx+b

Where

m = slope & b = y-intercept

m=0

y=-1

So,

y=(0)x+(-1)

therefore your final answer is:

y=-1

Q12) 150 Chinese Yuan is about $21 US dollars. How much (in US dollars) will an item cost in 700 Chinese Yuan?​

Answers

Answer:

Step-by-step explanation:

Set up the equation:

21/150=x/700

Cross multiply 150*x and 21*700

14700=150x

Divide each side by 150

98=x

State what additional information is required in order to know that the triangles are congruentfor the reason given.

44 POINTS !

Answers

The additional information is required in order to know that the triangle are congruent is, GW ≅ WX.

What is congruent triangles?

If each of the three corresponding sides and each of the three corresponding angles in two triangles equals one another, then the two triangles are said to be congruent.

We have to show that the the triangles ΔVWX and ΔEWG are congruent by using the AAS (angle, angle, side) criteria.

From the given reasons,

∠V ≅ ∠E

∠VWX ≅ ∠EWG

From this the AA criteria is satisfied.

We want sides of the triangle are congruent.

From the figure, GW ≅ WX

Therefore, by AAS the two triangles ΔVWX and ΔEWG are congruent.

To know more about congruent triangles, click on the link

https://brainly.com/question/2938476

#SPJ1


Find all values of m for which the equation has two real solutions.
3x² + 7x - (m + 1) = 0

Answers

This is the answer here

Answer:

m > - 5 1/12

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

Given is the quadratic equation.

A quadratic equation has two real solutions if the discriminant is positive.

Set inequality and solve for m:

D = b² - 4ac, where a = 3, b = 7, c = - (m + 1)D = 7² + 4*3*(m + 1) 7² + 4*3*(m + 1) > 049 + 12m + 12 > 012m + 61 > 012m > - 61m > - 61/12 m > - 5 1/12

Logan's family drinks a total of 12 gallons of milk every 6 weeks.

a. How many gallons of milk does the family drink per week?​

Answers

Answer: 2 gallons

Step-by-step explanation:

If they drink 12 gallons of milk every 6 weeks, to find how many gallons they drink per week, you need to divide the number of gallons by the time.

So,

12/6 = 2 gallons

Thus, they drink 2 gallons per week.

a teacher gives out 12 boxes of crayons for students to use for an art project. each student is given 1/4 of a box of crayons. how many students are given crayons

Answers

Answer:

The answer is 48

Step-by-step explanation:

First you have to get the number or crayons ehich is 12 then you can multiply it by the denominator in 1/4 so 12x4=48

-1.5x+3(-0.3x-1) simplify the linear expression

Answers

Answer: -2.4x-3

Step-by-step explanation:

What is 4x6x26x376x466 equal to

Answers

109334784 is the answer!
4x6x26x376x466 equals to 109334784

in a class of 50 student 35 are girls what is the probability that a student selected at random is a boy​

Answers

There are 50 students. If 35 are girls, then 15 are boys.

50 x 2 = 100%
So
15 boys x 2 = 30%

Answer= 30%

Have a happy thanksgiving ^^

SAFSADFASDSADSA HELPPPPPPP

Answers

Answer:

y = - [tex]\frac{10}{3}[/tex] x + 1

Step-by-step explanation:

the equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

y = [tex]\frac{3}{10}[/tex] x - 8 ← is in slope- intercept form

with slope m = [tex]\frac{3}{10}[/tex]

given a line with slope m then the slope of a line perpendicular to it is

[tex]m_{perpendicular}[/tex] = - [tex]\frac{1}{m}[/tex] = - [tex]\frac{1}{\frac{3}{10} }[/tex] = - [tex]\frac{10}{3}[/tex] , then

y = - [tex]\frac{10}{3}[/tex] x + c ← is the partial equation of line h

to find c substitute (3, - 9 ) into the partial equation

- 9 = - 10 + c ⇒ c = - 9 + 10 = 1

y = - [tex]\frac{10}{3}[/tex] x + 1 ← equation of line h

Name three points collinear points on plane P.

Answers

Answer:

ABC

Step-by-step explanation:

Think of a plane as a piece of paper that went on forever in all directions.  Which points would be on the paper?  Three examples would be points A, B and C.

Juan and Malia make money by walking neighborhood pets. During a conversation about their work, they realize that they are both walking the same total number of pets, even though Juan walks pets in groups of 9 and Malia walks pets in groups of 3. What is the smallest total number of pets each could be walking?​

Answers

The smallest total number of pets each could be walking is 2.

Given:

Juan and Malia make money by walking neighborhood pets. During a conversation about their work, they realize that they are both walking the same total number of pets, even though Juan walks pets in groups of 9 and Malia walks pets in groups of 3.

from the given statements:

Juan pets groups = 9

Malia pets groups = 3

so they both can same total number of pets is maximum 3.

so minimum number for each is 1.

Total = 1+1

= 2

Therefore The smallest total number of pets each could be walking is 2.

Learn more about the total number here:

https://brainly.com/question/14286201

#SPJ1

Wha is the y intercept of the line given by the equation below y=4x - 6

Answers

The y-intercept is -6.

When identifying parts of a slope-intercept equation, we can note that:

• The coefficient is the slope (represented by m)
• The constant is the y-intercept (represented by b)

In this equation, the constant (the integer by itself) is -6. The slope (the coefficient represented with a variable of x beside it) is 4. (0,-6) is the point on a coordinate plane in which the graphed line crosses the y-axis.

Helen had $330 in her savings account when Vince
opened a savings account with zero
dollars.
Helen deposited $30
into her account each week for x week;
Vince deposited $50 into his account
each week for x weeks.
The accounts did not earn
interest.
Which inequality represents this situation when the amount of money in Helen's account wa
greater than the amount of money in Vince's account?

Answers

Answer:

Step-by-step explanation:

50x < 330 + 30x

10. Sean promotes certain brands on his social media page for compensation. His monthly profit can be modeled using
the quadratic function p(x) = -0.00425x² +7z-1000, where p(x) is the amount of profit earned over
number of days. The graph of the function is shown. Use the graph to find the zeros of the function and interpret
them in context.

Answers

Answer:

The zeros are (158.017, 0) and (1489.042, 0)

The profit earned in 158.017 days and 1489.042 days is equal to 0. This means that Sean only earns money (makes a profit) when the amount of days he promotes a brand is greater than 158.017 but less than 1489.042 days.

What is consumidores terciarios?​

Answers

Hello..!

¿What is consumidores terciarios?

They are the ones that feed on carnivores and their parasites.

An example:

When we see a dead bird, a week goes by and then there are only the bones, since as it says they feed on dead birds, that is, they eat everything without leaving anything, whether they are birds, cows or people.

¿What are tertiary consumers?

Organisms that eat secondary consumers are called tertiary consumers and are carnivores that eat carnivores, such as eagles or large fish.

Producers, or autotrophs, make their own organic molecules. Consumers, or heterotrophs, obtain organic molecules by eating other organisms.

A food chain is a linear sequence of organisms through which nutrients and energy pass from one organism to another through consumption.

see picture for question

Answers

The percentage error is 0.67%

What is Linear approximation ?

A linear approximation is an approximation of a general function using a linear function (more precisely, an affine function). They are widely used in the method of finite differences to produce first order methods for solving or approximating solutions to equations.

The formula is

L(x) = f(a) + f'(a) (x - a)

Given,

y = sin(2x)

Δx = 0.1 at x = 0

y'(x) = dy/dx = 2 cos 2x    

As, x = 0

y'(0) = 2 cos 0

we know, cos 0 = 1

y'(0) = 2      

Δy = y'(x) * Δx

    = y'(0) * Δx

   = 2 * 0.1

Δy = 0.2  (Approx value)

Exact value of Δy = sin(2 * 0.1) - sin 0

                            = sin(0.2) - 0

                             = 0.19867

% error = [ (Exact value - Approx value) / Exact value ] * 100

           =  [ (0.2 - 0.19867) / 0.19867 ] * 100

          = 0.66945 or 0.67%

Hence, the percentage error is 0.67%

To read more about Linear approximation.

https://brainly.com/question/18798718

#SPJ13

find the value of b/a if a+1/b-1=5/1 and a-1/b+1=1/1

Answers

Answer:

  1/2

Step-by-step explanation:

You want the value of b/a when (a+1)/(b-1)=5/1 and (a-1)/(b+1)=1/1.

Solution

The latter equation tells you ...

  a -1 = b +1

  b = a -2

Then the first equation tells you ...

  a +1 = 5(b -1)

  a +1 = 5(a -2 -1) substitute for b

  a +1 = 5a -15 . . . . eliminate parentheses

  16 = 4a . . . . . . . . add 15 -a

  4 = a . . . . . . . . . divide by 4

  b = a -2 = 4 -2 = 2 . . . . find the value of b

  b/a = 2/4 . . . . . . . . . . find the desired ratio

  b/a = 1/2

An isosceles triangle with congruent sides of length
49.3 inches has a perimeter of 121.7 inches Find the
length of the base.

Answers

The length of the base is 22.1

An isosceles triangle with congruent sides of length 49.3 inches has a perimeter of 121.7 inches

An triangle is said to be isosceles if two sides of the trainagle have same length.

The two sides of this triangle is congurent that is they have same length = 49.3

perimeter of a triangle is the summation of all three sides.

Perimeter = length + base + length

121.7 = 49.3 + base + 49.3

base = 121.7 - 99.6

base = 22.1

Therefore, the length of the base is 22.1

To learn more about perimeter refer here

https://brainly.com/question/24382052

#SPJ9

explain what a,h, and k do to transform the parent absolute function y=|x| to the function y= a|x|…

Answers

The a ,h and k values affect the parent absolute function ,by altering  the the size , causing horizontal and vertical movements respectively.

How do the a , h and k values affect the function?

a )a values

a values affect the size of the graphed parent absolute function and they have a scalar factor.When a is greater than 1 , we have a vertical stretch (Taller appearance )and a horizontal compression (Thinner appearance).When a is between 0 and 1 , we have a vertical compression( Shorter appearance) and a horizontal stretch ( wider appearance).

b ) h values

h values cause left or right movement of the graph, which is known as the horizontal shift or translation.When h is negative, the graph moves right.When h is positive , the graph moves left.

c ) k values

k values cause up and down movement ,which is known as the vertical shift or translation.When k is negative, the graph moves down.When k is positive , the graph moves up.

To learn more about parent absolute function, refer:

https://brainly.com/question/25971887

#SPJ1

(a) The school sells pens for $1.50 and notebooks for $2.50. The equation 1.50x+2.50y=601.50x+2.50y=60 describes the number of pens, x, and notebooks, y, that you can but for $60. Part A: Find the x- and y-intercepts. Tell what they represent. x-int: ​What does the x-intercept represent in the context of the problem? ​ (b) BoldItalicUnderlineAlign Align Left Align Center Align Right Align Justify Increase IndentIncrease IndentSpecial Characters $$​ 0 Words (c) y-int: What does the y-intercept represent in the context of the problem?

Answers

The x-intercept of the equation, 1.50 x + 2.50y = 60, is x = 40

The y-intercept of the equation, 1.50 x + 2.50y = 60, is y = 24

Determining the x-intercept and y-intercept of an equation

From the question, we are to determine the x-intercept and y-intercept of the given equation.

The given equation is

1.50 x + 2.50y = 60

The x-intercept is the point where y = 0

and

The y-intercept is the point where x = 0

Determining the x-intercept

1.50x + 2.50y = 60

Put y = 0

1.50x + 2.50(0) = 60

1.50x + 0 = 60

1.50x = 60

x = 60/1.50

x = 40

The x-intercept is x = 40

Determining the y-intercept

1.50x + 2.50y = 60

Put x = 0

1.50(0) + 2.50y = 60

0 + 2.50y = 60

2.50y = 60

y = 60/2.50

y = 24

Hence, the y-intercept is y = 24

The x-intercept represent the number of pens that could be bought for $60 when one is not buying any notebooks.

The y-intercept represent the number of notebooks that could be bought for $60 when one is not buying any pens

Learn more on Determining x-intercept and y-intercept here: https://brainly.com/question/20386185

#SPJ1

Other Questions
Kareem is preparing a presentation to persuade community members to donate to a local animal shelter. He shares two stories about abandoned dogs that were rescued and adopted by loving families. What's the BEST way to describe this type of topic? Question 2 options: closing content evidence content counter content hook content which search algorithm uses three variables to mark positions within the array as it searches for the searchvalue? a client undergoing chemotherapy has a critically low platelet count. to stimulate platelet cell production, the nurse expects to administer: ((Comparing the two essays)), it is obvious that one relied on more thorough research - prepositional phrase - participial phrase - gerund phrase - infinitive phrase In a pecie of fly, mooth wing (W) are dominant to wrinkled wing (w) and red bodie (R) are dominant to yellow bodie (r). A WwRr and wwrr fly mate and produce the following offpring:PhenotypeNumber of OffpringSmooth, red778Smooth, yellow162Wrinkled, red158Wrinkled, yellow785What i the percent recombination frequency for thi cro?Round to nearet whole number. \%% Is the amount of energy required to get a spacecraft from the earth to the moon greater than, less than, or equal to the energy required to get the same spacecraft from the moon to the earth?. URGENT!! ILL GIVEBRAINLIEST!!!! AND 100 POINTS!!!!! How do you evaluate log6 36?. x+5y-3z=192x-3y+4z=-114x+y-2z=9guys i need help with this asap What is the significance of the Gitlow v. New York case ?. suppose the government passes a new law providing companies with low-cost alternative energy sources such as solar and wind. this would lead to a(n): The use of should have at the beginning of this excerpt indicates that, in retrospect .henry clay's comprehensive plan for internal improvements designed to overlap sectionalism and promote union and expansion was called the Copyrights and patents are examples of barriers to entry. a. True b. False Which of the following are not required to be deducted from an employee's paycheck?a. Federal unemployment tax (FUTA)b. Social Securityc. State unemployment tax (SUTA)d. Federal income taxe. Charitable contributionsf. Medicare taxesa. Federal unemployment tax (FUTA)c. State unemployment tax (SUTA)e. Charitable contributions Read the following article describing a current marine issue.Household vinegar advances the fight against crown of thorns starfish threat on Great Barrier ReefABC North QldBy Kathleen Calderwood and Isobel RoeCrown of thorns starfish (COTS) is a pest which eats coral tissues, posing a huge threat to the reef. AustralianInstitute of Marine Science research showed coral cover on surveyed reefs had declined by about 50% overthe past 30 years, with COTS responsible for almost half of that decline. James Cook University scientist LisaBostrm-Einarsson searched for an eradication method for COTS that was cheap, easily available and safefor everything other than the starfish themselves. Her method involved injecting the COTS with 20 millilitersof household vinegar. The trial saw a 100% kill rate within 48 hours of injection. "I tried alcohol [first] and thatdid not work very well, and then I heard some rumors that some people had used vinegar but had not hadvery good results," Ms Bostrm-Einarsson said. "So I refined the methods a little bit and then it turned out towork really well." Ms Bostrm-Einarsson said the starfish were mostly water inside and could not tolerate theacidity of the vinegar. "The acid basically just melts their insides," she said. "It is quite dramatic the way theygo and within 24 hours there is basically just slime left-it is not pretty."Explain the scientific procedure followed in the article by describing the following: (4 points)1. State the problem2. Identify a hypothesis from the article3. Identify the procedures used in the experiment4. Describe the results a client with post-polio syndrome displays fatigue and decreased muscle strength. how should the nurse best respond to the client? What Native American tribe did Grandpa Joe "Iron Shell" belong to? When responding to a railroad incident, most railroad companies advise that all vehicles be kept at least _____ from the tracks. which diagnostic tests are a priority for a patient who had a stroke and needs a cardiac assessment select all that apply