Larry accumulated $3,000 in credit card debt. If the interest rate is 10% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years for quarterly compounding? Round your answer to two decimal places.

Answers

Answer 1

Answer:

The amount will be "$3655.21".

Step-by-step explanation:

The given values are:

Principle,

P = $3000

Interest rate,

r = 10% i.e., 0.1

Number of times interest,

n = 4

Time,

t = 2 years

As we know,

⇒ [tex]A=P[1+\frac{r}{n} ]^{tn}[/tex]

On putting the values in the above formula, we get

⇒    [tex]=3000[1+\frac{0.1}{4} ]^{2\times 4}[/tex]

⇒    [tex]=3000[1+0.025]^8[/tex]

⇒    [tex]=3000\times 1.2184[/tex]

⇒    [tex]=3655.21[/tex] ($)


Related Questions

If 24 = 118, what is the measure of each of the other
angles?

Answers

Answer:

Step-by-step explanation:

Lines l and m are the parallel lines and line n is a transversal intersecting parallel lines.

Since, m∠2 = m∠4 = 118° [Given]

m∠2 = m∠6 = 118° [Corresponding angles]

m∠4 = m∠8 = 118° [Corresponding angles]

m∠1 + m∠2 = 180° [Linear pair of angles]

m∠1 = 180° - 118° = 62°

m∠1 = m∠5 = 62° [Corresponding angles]

m∠3 = m∠1 = 62° [Corresponding angles]

m∠7 = m∠5 = 62° [Corresponding angles]

Given that f(x)=x-9, g(x)=3x^2-2x+5, Find the function

(f+g)(x):_____________

Answers

Answer:

f(g(x)) thats what (fog)(x) is

3(x-9)^2-2(x-9)+5

your answer is 3x^2-56x+266

Step-by-step explanation:

hope it helps

Brainliest for the correct answer 20 points!!!

Answers

Answer:

y = -3/2x + 3

Step-by-step explanation:

Answer:

y= 3 - 2x

Step-by-step explanation:

PLS HELP WORTH 20 POINTS

Answers

Answer:

all the sides are the same so it would be 5

Step-by-step explanation:

The side are the same so igg to would be 5

Write the word sentence as an equation. Then solve.

The quotient of a number x and −1.5 is 21.

Equation:

Question 2
Solution: x=

Answers

Answer:

-1.5-21x

Step-by-step explanation:

At the start of the month, Stephen’s savings account had a balance of $1,624. He made a $420 withdrawal each week for four weeks. During that month, he also made two deposits of $600 each and one deposit of $1,000. What was the balance in Stephen’s account at the end of the month?

Answers

Answer:

- 1625

Step-by-step explanation:

420 times 4 = 1680

1624 - 1680 = -56

-56 - 600 - 1000 = -1625

BRAINLIEST PLEASE

#12, what is this answer ?

Answers

Answer:

joan chris martin sara

Step-by-step explanation:

People use water to​ cook, clean, and drink every day. An estimate of 17.2% of the water used each day is for cooking . If a family uses 68.8 gallons of water a day for cooking​, how many gallons do they use every​ day?

Answers

Ummmmmmm try using those things that help ppl with math

What is the rate
$150/25
written as a unit rate?
A.

$30/5
B.

$6/1


C.

$4/1
D.

$125/2

Answers

The answer is B, divide the rate by the unit to simplify

Answer:

B

Step-by-step explan

150 divide by 25

25 divide by 25

I need to find the x pls help and show work

Answers

Answer:

Start giving more points

Step-by-step explanation:

plus i needed the points

Answer:

x=143

Step-by-step explanation:

deNew image over pre-image so 52/4 would equal x/11 because those sides correspond, then cross multiply to get 572 equals 4x then divide each side by 4 to get x=143

PLEASE HELP ME WITH THIS ASAP

Answers

9514 1404 393

Explanation:

1. ΔABC ≅ ΔDEF . . . . . 1. SAS postulate*

_____

The two given congruent sides are either side of the given congruent angle, so the SAS postulate applies. The objective appears to be irrelevant.

Solve the system using substitution. Check your solution.
2x - y= 65
5y = x

Answers

Answer:

The solutions to the system of equations are:

[tex]x=\frac{325}{9},\:y=\frac{65}{9}[/tex]

Step-by-step explanation:

Given the system of the equations

[tex]\begin{bmatrix}2x-y=65\\ 5y=x\end{bmatrix}[/tex]

isolate 'x' for 2x-y

[tex]2x-y=65[/tex]

Add y to both sides

[tex]2x-y+y=65+y[/tex]

[tex]2x=65+y[/tex]

Divide both sides by 2

[tex]\frac{2x}{2}=\frac{65}{2}+\frac{y}{2}[/tex]

[tex]x=\frac{65+y}{2}[/tex]

[tex]\mathrm{Subsititute\:}x=\frac{65+y}{2}[/tex]

isolate 'y' for  [tex]5y=\frac{65+y}{2}[/tex]

[tex]5y=\frac{65+y}{2}[/tex]

[tex]10y=65+y[/tex]

subtract y from both sides

[tex]10y-y=65+y-y[/tex]

[tex]9y=65[/tex]

Divide both sides by 9

[tex]\frac{9y}{9}=\frac{65}{9}[/tex]

[tex]y=\frac{65}{9}[/tex]

[tex]\mathrm{For\:}x=\frac{65+y}{2}[/tex]

[tex]\mathrm{Subsititute\:}y=\frac{65}{9}[/tex]

[tex]x=\frac{65+\frac{65}{9}}{2}[/tex]

[tex]x=\frac{325}{9}[/tex]

The solutions to the system of equations are:

[tex]x=\frac{325}{9},\:y=\frac{65}{9}[/tex]

graph and find the coordinates ​

Answers

Answer:

a' (4,3)

b' (2,-3)

c' (-1,0)

to graph the triangles, you plot the points an then connect them to form a triangle. you have to plot triangle ABC and then triangle A'B'C'

Step-by-step explanation:

what is 3,910 divided by 25 using the power of 10
A: 25
B: 250
C: 25,000

Answers

Answer:

izuocha is superior

Step-by-step explanation:

Answer:

ochaochaochaocha

Step-by-step explanation:

sorry i trying to get attention from someone

The club sold shirts and capes to raise money for new stage equipment. The club sold each shirt for $20.00. The club made profit of $4.00 for each shirt. Sold. Part A: The drama club sold a total of $480.00 worth of shirts. How much profit did the club make from the shirt sale?

Answers

Answer:

The club made a profit of $96 from the shirt sale.

Step-by-step explanation:

First, you have to find the number of shirts sold by dividing the total amount sold by the price per shirt:

480/20=24

Now, that you know the number of shirts that were sold, you can multiply the profit per shirt for the number of shirts sold:

4*24=96

According to this, the answer is that the club made a profit of $96 from the shirt sale.

Sorry I didn't know what subject to put this in but Please help I really do need it u don't have to tho
Which fitness test measures the strength and flexibility of the lower back?
A.
Walk/Run test
B.
Curl ups
C.
Sit and Reach
D.
Trunk Lift

Answers

Answer:

Curl ups

Step-by-step explanation:

I'm not 100% sure, but it seems like the most logical answer to me.

Answer:

Trunk Lift

Step-by-step explanation:

Simplify 3(2y -1) + 2y

Answers

Answer: 8y -3

Step-by-step explanation:

3(2y -1) + 2y

6y -3 + 2y

8y -3

Answer:

8 y - 3

Step-by-step explanation - I got it from google so its right 100%

I WILL GIVE BRAILYEST!!!!!
What are the solutions to y=5x2−35x+30?
What are the solutions to y=2x2+16x+30?
What are the solutions to y=6x2−48x+42?

Answers

Answer:

0,6

9,8

0,9

Step-by-step explanation:

answer quickly !!! Pls

Answers

Answer:

(6 × 5) + (6 × 3) = 6 × (5 + 3)

Step-by-step explanation:

Since both 5 and 3 are being multiplied by 6, the total would be 6 multiplied by the sum of 5 and 3.

5x - (2x + 5)
170
please help.

Answers

Answer:

56.66666667??? i think

Step-by-step explanation:

Answer:

The simplified answer is -335x-850

i genuinely don't understand . please help me asap

Answers

Answer:

48.17

Step-by-step explanation:

Umm.. i don't really have time to explain but

A^2+B^2=C^2

36^2+32^2=48.17

Elena wants to make a scale drawing of her bedroom. Her bedroom is a rectangle with length 5 m and width 3 m. She decides on a scale of 1 to 50. a. What would be the width and length of a scale drawing of Elena's bedroom?

Answers

Answer: Length = 10cm

Width = 6cm

Step-by-step explanation:

First and foremost, we should note that

1 meter = 100 cm.

Therefore,

Length = 5m = 500 cm

Breadth = 3m = 300 cm.

Since Elena wants to make a scale drawing of 1 to 50, then

Length = 500 cm / 50 = 10 cm

Breadth = 300 cm / 50 = 6 cm.

Therefore, the length of the scale drawing will be 10 cm and the width of the scale drawing will be 6cm.

Omar goes to a restaurant with his family. The total cost of their food is $136. An 8% sales tax is applied to the cost of their food. His family also wants to leave an 18% tip, which is based on the pre-tax food cost. How much will the final restaurant bill be?

A, $146.88
B, $160.48
C, $171.36
D, $173.32​

Answers

Answer:

C. 171.36....... :)).......

Olivia filled 6 baskets of strawberries. Later she combined the fruit evenly into 3 larger boxes. if all 3 boxes sold for $42, how much money did each box of strawberries cost?

Answers

Answer:

21

Step-by-step explanation:

becuase that's the answer lol

I am stuck on part b

Answers

Answer: answer is 3.

Step-by-step explanation:

Mean is the sum of all the numbers divided by how many numbers are being added.

Mean = (1 + 2 + 3 + 4 + 5)/5

= 15/5

= 3

Olivia can type 45 words every 2.5
minutes. What is the unit rate of words
per minute that Olivia can type?
What would be the rate of words per second?

Answers

Answer:

18 per min and 0.3 per second

Step-by-step explanation:

Per minut --> 45/2.5 = 18 words per minut

Per sec --> 2.5 mins*60 secs = 150 sec, then 45/150 = 0.3 words per second

Best regards

PLSSSS HELPPP ME SOMEBODY WITH THESE MATH QUESTIONS!!!!!!!!! OR AT LEAST TRYYYYYYYYYYY. REWARD BRAINLIESTTTTT

Answers

Answer:

i would help but i am very bad at math

Step-by-step explanation:

i’m at sorry

Manuel wants to replace the wooden floor at his gym. The floor is in the shape of a rectangle. Its length is 40 feet and its width is 25 feet. Suppose wood flooring costs 11$ for each square foot. How much will the wood flooring cost for the floor?

Answers

Answer:

$11,000

Step-by-step explanation:

Step one:

given data

the dimension of the gym is

length = 40ft

width= 25ft

Area= 40*25

Area= 1000ft^2

Step two:

     if 1ft^2 will cost $11

then 1000ft^2 will cost x

cross multiply

x=1000*11

x=$11,000

The cost for the floor is $11,000

Can anyone by chance know how to do these geometry questions?

Answers

my screen shows black pages there isn’t anything there for me?

Answer:

G is equal to (8, -11)

Step-by-step explanation:

We are given the midpoint and one end of the line segment.  We can find the other end of it by taking the distance from H to M, doubling it, and adding that to H:

[tex]G(x, y) = H(x, y) + 2(M(x, y) - H(x, y))\\\\G_x = H_x + 2(M_x - H_x)\\G_x = -4 + 2(-6 - (-4))\\G_x = -4 + 2(-2)\\G_x = -4 - 4\\G_x = 8\\\\G_y = H_y + 2(M_y - H_y)\\G_y= 3 + 2(- 3 - 4)\\G_y= 3 - 6 - 8\\G_y = -11[/tex]

So the coordinates of endpoint G are (8, -11)

The equation 2x-7=5+x has exactly one solution. True or false

Answers

Answer:

True

Step-by-step explanation:

x=5+7=12

The only solution is x=12.

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