If $5000 is put into a savings account that pays
3.5% interest compounded monthly, how much
money, to the nearest ten cents, would be in that
account after 6 years, assuming no money was
added or withdrawn?

Answers

Answer 1

Answer:

17600

Step-by-step explanation:

calculator

Answer 2

Based on the amount of money being saved and the amount of time it will be saved, the amount in the account after 6 years would be $6,166.51

The interest is compounded monthly which means that you need to convert the interest to a monthly figure as well as the number of years you will be investing:

3.5% / 12 months = 3.5/12%

6 years x 12 = 72 months

The amount after 6 years is:

= Amount x (1 + rate) ^ number of periods

= 5,000 x (1 + 3.5/12%)⁷²

= $6,166.51

In conclusion, the amount in the account after 6 years is $6,166.51.

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Related Questions

Antonia participated in a run-a-thon and raised $265 for her school. She received $25 in donations and an additional $8 for every lap she ran. How many laps did Antonia run? Use a piece of paper to draw a tape diagram and show your work.

Answers

Answer:

30 laps

Step-by-step explanation:

Take 265 then subtract 25. you get 240. then divide that by 8. you get 30 so she ran 30 laps

a water park is designing an incline for guests to boogie board on as shown below
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Answers

the answer would be ≈43.7

The employee e-mail accounts in one company are using a mean of 1.071.071, point, 07 gigabytes of memory with a standard deviation of 0.210.210, point, 21 gigabytes.

Answers

Answer:

Mean: 1096 megabytes

Standard deviation: 215 megabytes

Step-by-step explanation:

I got the answer on Khan Academy

is 0.75 repeating irrational or rational

Answers

Answer:

This is a rational decimal and is not a repeating decimal.

Step-by-step explanation:

Solve for n: n+516=−1n+516=−1

Answers

Answer:

n=-517

n+516=-1

subtract 516

9. Solve the equation.
4(6 – x) + 4 = 2 (3x + 1) – 6

Answers

Answer:

x=3.2

Step-by-step explanation:

4(6 – x) + 4 = 2 (3x + 1) – 6

24 - 4x + 4 = 6x + 2 - 6

28 - 4x = 6x -4

-4x - 6x = - 4 - 28

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divide both sides

x = 16/5 or x = 3.2

hope this helps :)

Heeeeellpppp
x^5 + 6x + 11x + 6 = 0

Answers

Answer:

The answer for x is

x=0.35262048

Find the measure of angle b.
4)
36°
what do you guys think

Answers

Answer: 54°
It’s a 90° angle so you just subtract whatever it is from 90

what is 2+2 my brain has been in circles about this

Answers

Answer:

hey  welcome to Brainly, and 2 + 2 = 4

Step-by-step explanation:

2+2=4

3+3=6

4+4=8

5+5=10

and so on just keep adding 2

8.
Andrew has $76.50. Elijah has $94.30. How much more money does Elijah have than
Andrew

Answers

Answer:

$17.80

Step-by-step explanation:

This is a fairly simple question. All we need to do is find the difference between the two amounts.

$94.30 - $76.50 = $17.80

Simplify x^-5

please please I need it please please please please please please

Answers

Answer:

[tex]1/x^5[/tex]

Step-by-step explanation:

[tex]x^-^y = 1/x^y[/tex]

Answer:

1/x^5

Step-by-step explanation:

When you have a negative exponent, you have to put 1 over that power without the negative sign in the exponent. You put 1 over x^5

Answer: 1/x^5

IF UR GOOD AT PRECALC PLEASE HELP

Answers

Answer:

Answer is C, u can find this just by looking at domain

The answer is C hope this helps

Select the correct answer from the drop-down menu.
Javier has a basket of oranges and apples. The number of oranges is 2 more than twice the number of apples in the basket. The difference of half the number of oranges and half the number of apples is 4.
An equation created to find the number of apples Javier has in the basket will have
A One Solution
B No solution
c Infinite Solution

Answers

Answer:

one solution

Step-by-step explanation:

Answer:

one solution

Step-by-step explanation:

what is the rate and unit rate of 13 inches of snow in 7 hours

Answers

Answer:

1 6/7 inches of snow in 1 hour

Step-by-step explanation:

13 divided by 7 is 1 6/7

Which of the following correctly represents the given data in the problem?
a = 24, g = 48, h = 22, i = 80
a = 22, c = 80, d = 24, i = 48
a = 24, b = 48, c = 22, i = 48
a = 24, c = 48, e = 22, i = 80

Answers

Answer:

D

Step-by-step explanation:

100% true

Answer:

It is D

Step-by-step explanation:

29 + 15x = -x - 3. Simplified

Answers

for this equation the answer is x= -2

help me plz !!!!!!!!!!!!

Answers

Answer:

5/7

Step-by-step explanation:

hope this helps!!

Answer:

the answer is 5/7 thats the lowest it can go

Step-by-step explanation:

Cho flipped a coin 20 times. The coin landed on tails 8 times. What is the ratio of the number of times the coin landed on heads to the number of flips?​

Answers

Answer:

The answer is

A ) 12 to 20

Step-by-step explanation:

Cho flipped heads 12 times. She flipped the coin a total of 20 times, making the ratio 12 to 20.

I hope this helped you! If it did, please consider rating, pressing thanks, and giving my answer 'Brainliest.' Have a fantastic day! :)

please
help i’ve been stuck on
this all day

Answers

Answer:

CPB

Step-by-step explanation:

acute is less than 90 degrees and right is 90 degrees and obtuse is over 90 degrees

Answer: The answer is CPB

hELLPPLPLP PLEASEE answer 1-3 and please show the work on how to get it

Answers

Answer:

Step-by-step explanation:

Milk consumed in 4 weeks = 20 jugs

Milk consumed in 1 week = 20 ÷ 4 = 5 jugs

Milk consumed in 8 weeks = 5 * 8  = 40 jugs

2) Cost of 20 sets of crayons =  $ 60

Cost of 1 set of crayon  =   60 ÷ 20  = $ 3

Cost of 9 sets of crayons =  3 * 9 = $ 27

3) Number of tomatoes required to make soup for two guest  = 4

Number of tomatoes required to make soup for one guest  = 4 ÷ 2  = 2

Number of tomatoes required to make soup for 6 guests= 2*6= 12 tomatoes

The chart below contains the results of a survey in which students were asked about their cell phone plan.

Cell Phones Plans
Plan
Students
No cell phone
20
Voice only
14
Voice and texting
12
Voice, texting, and data
4

What percent of the students surveyed have a phone plan with texting?
16%
24%
32%
68%
If you get it right you get the crown brain thing

Answers

Answer:

It is option C.

Step-by-step explanation:

I did the test.

Answer:

it c

Step-by-step explanation:

i did the unit test hope this helps :)

identiy why trade improved during the middleages.
this is the question.

Answers

Answer:

intermarriage

Step-by-step explanation:

people from different part intermarried

Answer:

dont know

Step-by-step explanation:

A train traveled from one city to another city in 4 hours at a speed of 70 mph.
The retum trip was made in 5 hours. Find the speed for the return trip.

Answers

Answer:

56miles/hr

Step-by-step explanation:

Given parameters:

Time taken for the to travel  = 4hrs

Speed of the train  = 70mph

  From this data, let us find the distance of the trip;

Distance  =Speed x time

  Therefore, insert the parameters;

          Distance  = 70mph x 4hr = 280miles

Now;

  Return trip took, 5hrs,

Speed  = ?

  Speed  = [tex]\frac{distance}{time}[/tex]  

Insert the parameters and solve;

     Speed  = [tex]\frac{280}{5}[/tex]   = 56miles/hr

A farmer with 5000 feet of fencing wants to enclose a rectangular field and then divide it into two plots by adding a fence in the middle parallel to one of the sides. Using the function A(x) , analytically find the WIDTH of the field that would maximize its area. (Round your answer to the nearest whole number)

Answers

Answer:

The required width of the field that would maximize the area is = 1250  feet

Step-by-step explanation:

Given that:

The total fencing length = 5000 ft

Let consider w to be the width and L to be the length.

Then; the perimeter of the rectangular field by assuming a parallel direction is:

P = 3L + 2w

⇒ 3L + 2w = 5000

3L = 5000 - 2w

[tex]L = \dfrac{5000}{3} - \dfrac{2w}{3}[/tex]

Recall that:

The area of the rectangle = L×w

[tex]A(w) = ( \dfrac{5000}{3}-\dfrac{2}{3} ) w[/tex]

[tex]A(w) = \dfrac{5000}{3}w-\dfrac{2}{3} w^2[/tex]

Taking the differentiation of both sides with respect to t; we have:

[tex]A' (w) = \dfrac{5000}{3} - \dfrac{2}{3} ( 2 w)[/tex]

[tex]A' (w) = \dfrac{5000}{3} - \dfrac{4w}{3}[/tex]

Then; we set A'(w) to be equal to zero;

So; [tex]\dfrac{5000}{3} - \dfrac{4w}{3}=0[/tex]

5000  = 4w

w = 5000/4

w = 1250

Thus; the required width of the field that would maximize the area is = 1250  feet

Also, the length [tex]L = \dfrac{5000}{3} - \dfrac{2w}{3}[/tex] can now be :

[tex]L = \dfrac{5000}{3} - \dfrac{2(1250)}{3}[/tex]

L = (5000 -2500)/3

L = 2500/3 feet

Suppose, the farmer divides the plot parallel to the width; Then  2500/3 feet = 833.33 feet and the length L = 1250 feet.

HELP!!! Parallel Line Proofs

Answers

They add to 180 when you connect the two lines

find the original price of a pair of shoes if the sale price is $40 after a 60% discount

Answers

Answer:

Thus, the original price of the pair of shoes was $100.

Step-by-step explanation:

Percentages

After a 60% discount, the sale price is now valued at 100-60=40% of its original price.

If the sale price is $40, then the original price is calculated as

$40 / 40 * 100 = $100

Thus, the original price of the pair of shoes was $100.

Verify applying 60% discount:

$100 - 60*$100/100 =  $40

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