You deposit $2000 in an account that earns 5% annual interest. Find the balance in the account after 8 years if the interest is compounded monthly

You Deposit $2000 In An Account That Earns 5% Annual Interest. Find The Balance In The Account After

Answers

Answer 1

FORMULA FOR COMPOUND INT. = A = P ( 1 + [tex]\frac{R}{100}[/tex])[tex]^{n}[/tex]

= P = 2000, R = [tex]\frac{5}{12}[/tex] ( as it is compounded monthly ), N= 8 × 12 = 96

= A = 2000 [tex]([/tex] 1 + [tex]\frac{5}{1200}[/tex] [tex])^{96\\}[/tex] = [tex]\frac{2000}{1}[/tex] × ([tex]\frac{1205}{1200}[/tex]) [tex]^{96}[/tex]

= 2981.17


Related Questions

I rlly need help and the operation bby plssssss help me

Answers

AFE=35 degrees because 180=55+90+x

Answer:

∠ AFE = 35°

Step-by-step explanation:

∠ EFD = ∠ BFC = 55° ( vertically opposite angles )

Since BD is a straight line , then

∠ EFD + ∠ AFE + AFB = 180°, that is

55° + ∠ AFE + 90° = 180

∠ AFE + 145° = 180° ( subtract 145° from both sides )

∠ AFE = 35°

state if polygons are similar

Answers

Answer:

B

Step-by-step explanation:

5% of the students in Mr. Ferris's class joined the
band. If 65 students joined the band, how many
students are there in Mr. Ferris's class?

there’s not abc or d :( but can someone help me?

Answers

Answer:

maybe 68?

Step-by-step explanation:

You and a friend tutor for a total of 12 hours. Use the
tape diagram to find how many hours you tutor.
You
Friend

Answers

The answer is 2
12/6=2
2x2=4

5m+22-15n need answer

Answers

Answer:5m+22-15n

Step-by-step explanation:

The sum of two numbers is 25. Twice the first number minus the second is 6. Find the numbers.

Answers

Answer:

Step-by-step explanation:

x + y = 25

2x - y = 6           Solve for y in this the second equation. Add y to both sides

2x  = 6 + y         The ys on the left cancel. Subtract 6 from both sides.

2x - 6 = y

Put this value of y into the first equation

x + y = 25

x + 2x - 6 = 25      Combine on the left

3x - 6 = 25           Add 6 to both sides.

3x = 25 + 6           Combine the right

3x = 31                   Divide by 3

x = 31 / 3            

x = 10.333333

x + y = 25

10.33333 + y = 25  Subtract 10.33333

y = 25 - 10.333333

y = 14.666666

x + y = 25

10.33333 + 14.66666

25 approximately.

2x - y = 6

2*10.33333 - 14.66666

20.66666 - 14.66666

6

You should note that those numbers are repeating decimals

2x - 6 = y

8x(x+1)=(4x-3)(2x+1)

Answers

Answer:

(3x+1)(2x+1)

Step-by-step explanation:

Answer:

[tex]x2[/tex]=[tex]\frac{5-\sqrt{113} }{8} , x2 = \frac{5+\sqrt{113} }{8}[/tex]

Step-by-step explanation:

hope this help and if you can give me brainliest

4|m-n|
If m=-7 and n=2

Answers

you would first substitute -7 for m and 2 for n. It would look like this: 4| -7-2 | . we first solve the absolute value because it is the first step in PEMDAS or order of operations. -7-2 is equal to -9. Our equation should look like this now: 4 |-9| . we solve the absolute value portion, the absolute value of a negative number is the the same number but positive. the absolute value would be 9. (we just take the negative symbol off). we now have 4 x 9. This is equal to 36.

36 is the answer.

what's the opposite of -4

Answers

Answer:

4

Step-by-step explanation:

It's a opposite of -4 so the opposite would be 4

Answer:

4

Step-by-step explanation:

The opposite of -4 is 4

In addition

The absolute value of -4 is also 4

Therefore, the answer is 4.

PLEASE HELP ASAP!!!! ILL MARK BRAINLEST

Answers

Answer:40

Step-by-step explanation:

100+10+10=3x

3x=120

Divide both sides by 3

X=40

Answer:

40

Step-by-step explanation:

add 100+10+10 and divide it by 3

Help please! i have gymnastics soon

Answers

Answer:

A)

Step-by-step explanation:

The answer is A for sure

Question 2

If MNP = 107, what is NMQ?

Answers

Answer:

73 degrees

Step-by-step explanation:

73 degrees is the answer i think

what is the slope of this equation, v=3x+60

Answers

The slope is 3.

In y=mx+b, the number before x (or m) is the slope.

Answer:

slope=3

Step-by-step explanation:

What is the y-intercept of the line?
110
A
2
B
3
000
-7
-6
D

Answers

the correct answer is 3

It took a car 4 days to travel 2686 miles. What was this car's average speed, in miles per hour? (round to the nearest mile per hour)

Answers

Answer:

28

Step-by-step explanation:

Well we know that in a day there are 24 hrs so in 4 days there will be 96 hrs

so the car travelled 2686 miles in 96 hours

2686/96= 27.9791666667

So the car's average speed is about 28

Which angle number is adjacent to angle to ZOKL?

Answers

Answer:

there aint no picture

Step-by-step explanation:

All triangles are equal to ______ degrees

Answers

Answer:

180

Step-by-step explanation:

they are all equal too 180 degrees

The cylinder shown here has a height of 7 centimeters and a radius of 4 centimeters. What is the area of the base of the cylinder? Express your answer in terms of 1. Do not include units (cm2) in your answer. Use pi to represent the n symbol. For example: 321 would be typed as 32pi​

Answers

Answer: 16pi

Step-by-step explanation:

i need le help...if u have 25 pieces of gum and you got 7 more pieces then subtracted 3 and added 16 what would it equal Im to tired and my brain hurts from the test to figure it out

Answers

Answer:

45

Step-by-step explanation:

25 plus 7 is 32

32 minus 3 is 29

29 plus 16 is 45

hmmm well that's a  lil too hard for my smol brain to process but hmmm well when I think about it, it really gets my brain thinking and ummm well you see it's uh hmm you add the yeah to that and hmmmm well ahhh that looks to be about right uuuuuuuuuh

45....

.....or is it?

hmmmmmmmmmmmmmmm

A train travels 240 miles in 6 hours. At this rate, how far could the train go in 13 hours?

Answers

Answer:

Step-by-step explanation:

520 miles

Solve 7+2x over 3 = 5

Please and thank you! x

Answers

Answer:

x = 4

Step-by-step explanation:

(7 + 2x) / 3 = 5

Cross product

7 + 2x = 5 * 3

7 + 2x = 15

Subtract 7 from both sides

2x = 15 - 7

2x = 8

Divide both sides by 2

x = 8/2

x = 4

please help i’ll give you brainlest pleas

Answers

Answer:

20°,40°,75°

Step-by-step explanation:

Subtract the number from 90 and turn the difference to a degree

I’m pretty sure it’s 20°,40°,75°

3x + x - 7 = 10

What does x=

Answers

First you add 3x+x because they are like terms.

3x+x-7=10  

Your New Simplified Equation:

4x-7=10  

Now, you have to take out the -7 by adding a positive 7. Also you                          have to add +7 on the other side so add 7 to 10.

Your New Simplified Equation:

4x=17      Now, you divide both sides by 4.

Your New Simplified Equation:

x= 17/4 So, that's your answer :)

5+4−6=24 plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Answers

Answer:

its false

Step-by-step explanation:

5+4-6=24

9-6=24

3=24 3 does not equal to 24 so its false

Matthew buys 13 uniforms for the baseball team. He pays $455 in total. What ratio shows the relationship of price to uniforms?

2Points
Select 2 possible answers.

Remember to reduce the ratio by the GCF

A
1 to 13

B
35 to 1

C
13 to 455

D
455 to 13

Answers

Answer: 35:1

Step-by-step explanation:

Glad I could Help :)

X + 5x - 6 < 12 solve for inequality

Answers

Answer:

7

Step-by-step explanation:

x+5x<12

x+5x=12

12-5x

=7

7 divide by 1

=7

Christina needed 8 pounds of flour to make cookies that will
serve 44 people. How many pounds of flour will Christina
need to feed 66 people?

Answers

Answer:

12

Step-by-step explanation:

4 pounds is 22 people

8 is 44

12 is 66

7= -5x
Select one:
O1. Multiply each side by 5.
O2. Multiply each side by -5.
O3. Multiply each side by 1/5.
04. Multiply each side by -1/5.

Answers

Option 2 multiple each side by -5
Option 4. Multiply each side by -1/5
It’s the same as dividing by -5.
The - cancels out and 5/1x1/5 is equal to one

Given a quadratic equation px^2 + 8x + 2 does not have real roots. Determine the range of the values of p.
[4 marks]

Answers

Step-by-step explanation:

For a quadratic equation to have no real roots, the discriminant b² - 4ac must be negative.

For px² + 8x + 2 = 0,

We have a = p, b = 8 and c = 2.

=> (8)² - 4(p)(2) < 0

=> 64 - 8p < 0

=> 8p > 64

=> p > 8

Hence the range for p is p > 8.

what is this 2x-5+22=?

Answers

Answer: 2x+17

Step-by-step explanation: add -5 and 22

Answer:[tex]\boxed{\boxed{\sf{2x+17}}}[/tex]Solution Steps:

______________________________

1.) Add −5 and 22:[tex]-5+22=17[/tex]

 - You could also solve this by  flipping the numbers around and subtracting 22 - 5, Which still gives you 17.

So your answer is [tex]\bold{(2x+17)}[/tex].

______________________________

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