Damarius is making some big life decisions! He decides it's time to start saving for his future and deposits $300 each month at 4.1% annual interest, compounded monthly, for 30 years. At the end of 30 years, he has an account balance of $211,966.64. How much of this did Damarius contribute and how much of this is interest?

Answers

Answer 1

Answer:

$108,000

$103,966.64

Step-by-step explanation:

Damarius contributes $300 each month, for 30 years. Therefore, to find the amount he contributed, we multiply those pieces together (12 months in each year).

300⋅12⋅30=$108,000

Therefore, over the 30 years, Damarius contributed $108,000.

If there was $211,966.64 in his account, and he contributed $108,000, then the rest is interest.

$211,966.64−$108,000=$103,966.64

There was $103,966.64 in interest earned on Damarius' account.


Related Questions

What is the common difference of these numbers 0.5 , 0 ,-0.5 ?

Answers

Answer:

0.5

Step-by-step explanation:

they are all 0.5 apart

what is the value of k?​

Answers

Answer:

(4k+5)+ (6k+10) = 115

Exterior angle of a triangle is equal to the sum of two opposite interior angles

10k=15=115

10k= 100

k = 100/10

k = 10

Step-by-step explanation:

Answer:

k = 10

Step-by-step explanation:

The 3rd angle that's not defined in the equation is supplementary to 115, so the angle is 180-115 = 65.

We can solve for the equation 65+(4k+5)+(6k+10)=180 -> 65+4k+5+6k+10=180 -> 10k+80 = 180 -> 10k = 100 -> k = 10.

To double-check(optional), we can plug k back into the equation, so 65 + 4*10 + 5 + 6*10 + 10 = 180 -> 100 + 65 + 5 + 10 = 180 -> 180 = 180, so we can confirm that k = 10.

A proportional relationship is represented with the equation y=5x. What is the constant of proportionality of the relationship?
PLZ HELP

Answers

The constant is 5, as it relates the two values x and y.

what is b+b+b+b-b simplified ​

Answers

Answer:

5b* because we have no idea what it could stand for

Answer:

5b

Step-by-step explanation:

However many b's there are that's your number so in this case its 5 and then you just add be to it so 5b

The population in a certain town is increasing linearly each year. The population at time t=3 is 1160 and at time t=5 is 1520, where t is the number of years after 1990​

Answers

Answer:

1999

Step-by-step explanation:

The equation which represents the given situation is P=180t+620.

Given that, the population at time t=3 is 1160 and at time t=5 is 1520, where t is the number of years after 1990​.

What is an equation?

In mathematics, an equation is a formula that expresses the equality of two expressions, by connecting them with the equals sign =.

Now, the standard form of the population is increasing linearly is P = mt + b.

Where m is the slope = (y2-y1)/(x2-x1)=(1520-1160)/(5-3)

=360/2

=180

So, 1160=180 × 3 + b

⇒ 1160=540 × 3 + b

⇒ b=620

Then, the equation is P=180t+620

Therefore, the equation which represents the given situation is P(t)=180t+620.

To learn more about an equation visit:

https://brainly.com/question/14686792.

#SPJ2

"Your question is incomplete, probably the complete question/missing part is:"

The population in a certain town is increasing linearly each year. The population at time t=3 is 1160 and at time t=5 is 1520, where t is the number of years after 1990​.

If P(t) is the population at time t, which of these equations correctly represents this situation?

What is 441,902 rounded to the nearest ten thousand?

Answers

Answer:

440,000

Step-by-step explanation:

The given number i.e. 441,902 rounded to the nearest ten thousand should be considered as the 440,000.

Calculation of the number:

Since the given number is 441,902

We have round the above number to the nearest ten thousand

Since the thousand is less than 5,000 so here it should be 440,000

hence, The given number i.e. 441,902 rounded to the nearest ten thousand should be considered as the 440,000.

Learn more about number here: https://brainly.com/question/17166653

Which is a solution of 3(x + 4) - x > 4 ?

a. -6
b. -5
c. -4
d. -3

Answers

a.........................

what is a dividen in a qoutient?

Answers

Answer:

The number which we divide is called the dividend. The number by which we divide is called the divisor. The result obtained is called the quotient.

Step-by-step explanation:

Answer:

dividind symbol

Step-by-step explanation:

idk

The quotient of a number and 2 increased by 8 is -15

Answers


n/6 + 2 = 4
n/6 + 2 - 2 = 4 - 2
n/6 = 2
(n/6)6 = 2(6)
n = 12
x divided by 2+8=-15 is the answer

Melissa’s family is driving out of state to her grandmother’s house. They know that it takes 20 gallons of gas to get there, and the cost of three gallons of gasoline is $10.50. How much should the family budget to make the one-way trip?
$20.00
$60.00
$70.00
$110.00

Answers

Answer:

c

Step-by-step explanation:

:)

Given that the real-world distance from Chicago to San Jose is 2,200 miles, the distance from Atlanta to San Jose is

Answers

The distance from Atlanta to San Jose is

Answer:

(2,440.1 mi)

-2(3h-1)=5(2h-3) has how many solutions are there

Answers

Answer:

1 solution

Step-by-step explanation:

-2(3h - 1) =5(2h - 3)

-6h + 2 = 10h - 15

-16h = -17

h = 17/16

Answer: 1 solution

Please help :/ math is my worst subject and i cant get it for the life of me lol

Answers

The answer is (-2, -1.5, 0, 2/5, 3/4)

Answer:

the answer is c

Step-by-step explanation:

because -2 is less than -1.5 0 is going to be in the middle because it separates positive from negatives. and 2/5 is smaller then 3/4

help anyone please??

Answers

Answer:

1.

Collinear points mean they are on the same line. That leaves us with answer d. F, E, G

2.

In this case, the intersection of the 2 planes is a line. 2 points both planes contain are B and C, so the intersection can be named as answer b: Line BC

3.

2 points define a line, so therefore the answer to the question is answer b. 1

Hoped this helped. If it did, could you please consider giving me a brainliest? :)

Yolanda purchased stock for $7,000 and paid a 1.5% broker fee. She sold it for $6,325 and paid a 0.5% broker fee. Compute her net proceeds.

Answers

Answer:

$-748.38

Step-by-step explanation:

Net proceeds = Total cost of selling the stock - Total cost of purchasing the stock

Total cost of purchasing the stock = $7000 + ($7000 x 0.015) = $7105

Total cost of selling the stock = $6,325 + ($6,325 x 0.005) = $6356.63

Net proceeds = $6356.63 - $7105 = $-748.38

Alex has a rectangular piece of red paper that is 4centimeters wide. It's length is twice it's width.she glues a rectangular piece of blue paper on top of the red piece measuring 3 centimeters by 7 centimeters how many square centimeters of red will be paper will be visible on top

Answers

Answer:

11 square centimeters

Step-by-step explanation:

1. find the area of the red paper

  4 x 8 = 32

2. find the area of the blue paper

  3 x 7 = 21

3. subtract area of the blue paper from area of the red paper

  32 - 21 = 11

A truck is carrying 9 cars weighing an average of 4,000 pounds each. What is the total weight in tons of the cars on the truck

Answers

Answer:

18 tons

Step-by-step explanation

First you need to know that 1 ton is 2,000 pounds. Ok so if you do the 4,000 pounds times the 9 cars you get 36,000 pounds in total and then you can divide by 2,000 and you get 18 so it is 18 tons.

what is the answer to -7-(27)

Answers

Answer: -34

Step-by-step explanation:

hope this helps

Answer:

-34

Step-by-step explanation:

-7 - 27 = -34

or

-7 + -27 = -34

Evaluate
(y + z)^2when y = -8, z =19

Answers

Answer:

Substitute the value of the variable into the expression and simplify.

121

Step-by-step explanation:

Step-by-step explanation:

(y + z)^2

substitute in the given

y = -8, z = 19

(-8 + 19)^2

(11)^2

121

Hope this helps :)

write the four equivalent fraction of 9/13​

Answers

Step-by-step explanation:

18/26

27/39

36/52

45/65

An equivalent fraction for a/b is found by multiplying the numerator and denominator by a common integer (n)

Solve for h.

2h − 1 = 1

h =

Answers

Answer:

h = 1

Step-by-step explanation:

2h - 1 = 1

2h - 1 + 1 = 1 + 1

2h = 2

2h/2 = 2/2

h = 1

Check:

2(1) - 1 = 1

2 - 1 = 1

1 = 1

Answer:

h = 1

Step-by-step explanation:

Add 1 to each side, so it now looks like this: 2h = 2Divide each side by 2 to cancel out the 2 next to h. It should now look like this: h = 1

I hope this helps!

help me i will mark brainliest​

Answers

It’s B I pretty sure it is

Which statement about the following system of inequalities is true?

There is no solution because the shading does not overlap.
There is no solution because the graphs do not intersect.
The solution contains points in four quadrants of the coordinate plane.
The solution is equal to the solution to

Answers

Answer:

the following system of inequalities is true

Step-by-step explanation:

there is no solution because the graph do not intersect

There is no solution because the graph does not intersect.

The following system of inequalities is true.

We have given that,

There is no solution because the shading does not overlap.

There is no solution because the graphs do not intersect.

The solution contains points in four quadrants of the coordinate plane.

The solution is equal to the solution to

What is inequality?

A statement of an order relationship—greater than, greater than or equal to, less than, or less than or equal to—between two numbers or algebraic expressions.

There is no solution because the graph does not intersect.

To learn more about inequality visit:

https://brainly.com/question/24372553

#SPJ5

Find the sigma notation of the following sum:
[tex][(\frac{2}{n})^3-\frac{2}{n} ](\frac{2}{n} )+...+[(\frac{2n}{n} )^3-\frac{2n}{n} ](\frac{2}{n} )[/tex]

Answers

Answer:

[tex]\displaystyle \frac{2}{n} \sum_{i = 1}^{n} \left(\left(\frac{2i}{n}\right)^3 - \frac{2i}{n}\right)[/tex]

Step-by-step explanation:

We have the sum:

[tex]\displaystyle \left[\left(\frac{2}{n}\right)}^3-\frac{2}{n}\right]\left(\frac{2}{n}\right)+...+\left[ \left(\frac{2n}{n}\right)^3-\frac{2n}{n}\right]\left(\frac{2}{n}\right)[/tex]

And we want to find the sigma notation that represents the sum.

Note that the leftmost term is the first term while the rightmost term is the last term.

n is the number of terms. Therefore, (2 / n) will stay constant. Hence, we can factor it out of the series:

[tex]\displaystyle =\frac{2}{n}\left(\left[\left(\frac{2}{n}\right)^3-\frac{2}{n}\right]+...+\left[\left(\frac{2n}{n}\right)^3-\frac{2n}{n}\right]\right)[/tex]

Notice the differences between the first term and the last term. The first term is given by [tex]\displaystyle \left(\frac{2}{n}\right)^3- \frac{2}{n}[/tex]. The last term is given by  [tex]\displaystyle \left(\frac{2n}{n}\right)^3- \frac{2n}{n}[/tex]. Because at the last term, our initial term i is equal to n, we can replace the extra n with i for our summation.

Therefore, we can write the following summation:

[tex]=\displaystyle \sum_{i=1}^{n} \frac{2}{n}\left(\left[\left(\frac{2i}{n}\right)^3-\frac{2i}{n}\right]\right)[/tex]

And since (2 / n) is constant:

[tex]\displaystyle = \frac{2}{n} \sum_{i = 1}^{n} \left(\left(\frac{2i}{n}\right)^3 - \frac{2i}{n}\right)[/tex]

Which of the following expressions
are equivalent to the whole number
240?
O 8x3
8 x 30
O 80 x 3
O 6x40
O 60 x4

Answers

Answer:

80x3, 6x40, 60x4

Step-by-step explanation:

80x3=240

6x40=240

60x40=240

you have a plate with 83 brownies on it you just saw your friend take 62 brownies from the plate how many are left on the plate?

Answers

Answer:

21 brownies

Step-by-step explanation:

Answer:

21 brownies.

Step-by-step explanation:

83 - 62 = 21

So there are 21 brownies left on the plate.

Hope I helped :)

Please consider Brainliest :)

Find the intercept form (-4,2), (4,7)

Answers

Answer:

y=5/8x+4.5

Step-by-step explanation:

You have to do y-y divided by x-x so 7-2 which equals 5 and 4-(-4) which equals 8 so your slope is 5/8. For y-intercept, you have to do plug in one of your points into y and x in y=mx+b, so I used the point (4, 7) and I put 7 in the y spot and 4 in the x spot and I put the slope in the slope spot so now you have 7=5/8(4)+b. Next, you multiply 5/8 and 4 which gives you 5/2 or 2.5, so now you have 7=2.5+b. Then you subtract 7-2.5 which gives you 4.5 and there is your y-intercept and your whole equation is y=5/8x+4.5.

What is the answer and how do I work this.

Answers

Answer:

other

Step-by-step explanation:

you should now this it's too esay in which standard are you. tell in comments

Which option is an example of a survey?
A collecting data on pulse rate of a group of people
B. Flipping a coin 100 times and counting the number of heads
C. Asking kids in a kindergarten classroom about the average number of pieces of fruit they eat each day
D. Having a randomly selected group of students take a penci-and paper test and comparing the results with another randomly selected group of students who took the same test on the Computer ​

Answers

Answer:

C

Step-by-step explanation:

You are asking a group of people to gain knowledge, and through that, you would be conducting a survey.

Find the values for a, b, c, from the number line

Answers

Answer:

A is 1/2 B is -5 and C is 3

Step-by-step explanation:

because it start at 0 and A is not on the 1 it is on the half B is 5 backwords and C is 3 spaces

Other Questions
HELP PLEASEEE20 POINTS FOR THIS ONE The oceans waters became choppy. Possessive noun FIRST ONE TO ANSWER AND GET IT RIGHT WILL GET A BRAINLIEST!!!! do you think luis fonsi is a hero? why or why not? (answer must contain at least 5 full sentences) What argument used to justify slavery appealed to people's religious beliefs?A. Slaves were naturally unable to take care of themselves andneeded masters.B. Slavery was mentioned in the Bible.C. Slaves who were freed and given votes would hurt democracy.D. Slaves had better lives than many free factory workers. Grace is playing a game with her friends. Each player gets5 pieces. In all, there are 45 pieces on the game board.Which number sentence can be used to find the numberof people playing the game?A45-5=B45-5=c45x5D45+5= Duncan states: "There's no art / To find the mind's construction in the face" What does thismean? What is the symbol in the picture mean and do? What are serial murders and mass murders? How do these two categories of crime differ? Sand is mined from a location in order to make concrete. Growing cities use large amounts of concrete to construct buildings and roads. Which of the following is something an engineer might ask about sand mining and concrete use? Select all that apply. aWhat is the cost of concrete as compared to the alternative material? bWhy are cities growing so quickly? cHow does the strength and durability of concrete compare to the strength and durability of the alternative material? dWhat is an alternative material? PLEASE I NEED HELP1) Explain why the executive branch has somany checks on the powers they have.What did the early Americans want to be assured of How did the first state constitutions address the concern that power should remain in the hands of the people? The flag of the United States is a horizontally positioned rectangular banner. Thirteen equal horizontal red and white stripes that begin and end in red adorn the flag and represent the 13 British colonies that declared independence from Great Britain in the 18th century. In the upper left-hand corner is a blue rectangle dotted with 50 white stars in nine rowsthe first and last of which hold six stars, with those in between consisting of five stars each. Each star represents one of the 50 states that currently makes up the union. Which statement best describes how the author organizes information? The text uses specific details to create an image of the flag in the readers mind. The text explains how the flag is made from start to finish. The text explains that the 13 stars were added because of the colonies independence. The text lists all the reasons for creating the original flag. Which expression results in a rational number? Andy invests 12 000 in a variable rate compound interest account.The interest is2% for the first year3.5% for the second year5% for the third yearWork out the value of Andy's investment at the end of 3 years. Dante rode his bike a mile in 5 minutes. At that rate, how many miles can he ride in an hour? One half of a is 14 more than 2 times the number.find the number? convert the binary numbers into decimal 100000 I also need help on this What are three functions of hormones? Which endocrine gland is involved in hormone production? What is the function of hormones?