Laura deposits $2,000 in an account that has an annual interest rate of 1.96%,
compounded monthly. How much interest will she earn at the end of 1 month?
Round to the nearest cent. *

Answers

Answer 1

Answer:

$3.23

Step-by-step explanation:

Given that,

Principal, P = $2,000

Rate of interest, r = 1.96%

Tie, n = 1 month = (1/12) years

The formula of compound interest is given by :

[tex]CI=P[(1+\dfrac{R}{100})^n-1]\\\\CI=2000\times [(1+\dfrac{1.96}{100})^{1/12}-1]\\\\CI=3.23[/tex]

So, the interest will she earn at the end of 1 month is $3.23

Answer 2

The amount she earns at the end of 1 month is 200,326cents

The formula for calculating the compound amount is given as:

A  = P(1 + r/n)^nt

r is the raten is the compounding timet is the time

A = 2000(1 + 0.0196/12)^(12*1/12)

A = 2000 (1+0.00163)^1

A = 2000(1.00163)

A = $2,003.26

Hence the amount she earns at the end of 1 month is 200,326cents

Learn more on compound interest here: https://brainly.com/question/24924853


Related Questions

Please put the following numbers in order from smallest to largest: 12% 4/28 0.15

Answers

12%, 4/28, 0.15

Pretty simple.

Answer:

12%<4/28<0.15

Step-by-step explanation:

12%=0.12

4/28=1/7=0.143

0.15

How many atoms will there most likely be at the third half-life of potassium-40 in this model?



A model rock layer had 50 pennies (atoms of potassium-40).

How old is the rock layer?

Answers

Answer to both is 13 and 1.3 billion years old.

I just completed the assignment, sorry if this is late. but I hope it helps

Answer:

How many atoms will there most likely be at the third half-life of potassium-40 in this model?

✔ 13

A model rock layer had 50 pennies (atoms of potassium-40).

How old is the rock layer?

✔ 1.3 billion years old

Step-by-step explanation:

a pack of 4 chocolate cost £1.20 what is the price per unit?​

Answers

30 cents per chocolate

A recipe says, “1 part cocoa to 4 parts sugar.” How much sugar will you need if you use 20 grams of cocoa

Answers

Answer:

80 grams

Step-by-step explanation:

because 1 part is cocoa and 4 parts sugar.

20= 1 part so all you have to do is multiply 20 by 4 and you get 80

Hope this helps!!

Answer:

80 grams

Step-by-step explanation:

4 times 20 is 80. it's like doing unit rate.

What is the slope of the line shown?

Answers

Answer:

The slope is 2, or 2/1

Step-by-step explanation:

If you count the rise/run, you get 4/2, which simplifies to 2/1, which is the same as 2.

The product of 3 and 4 2/5

Answers

Answer:

here! I hope this helps :) the answer is 13.2 or 13 1 (upon 5)

Step-by-step explanation:

3 × 4 2 (upon 5)

=3× 22 (upon 5)

=66 (upon 5)

=13 1 (upon 5)

What do the zero exponent and negative exponent properties mean.

Answers

Answer:

Negative exponents put the exponentiated term in the denominator of a fraction and zero exponents just make the term equal to one.

Step-by-step explanation:

Answer:

Step-by-step explanation:

Primero, cualquier número elevado a la potencia cero es uno. Segundo, los exponentes negativos indican una disposición. Si un exponente es negativo, necesita moverse de donde está al numerador o denominador. Investigaremos esta propiedad más adelante en el Conjunto de Problemas.

100,699 rounded to the nearest thousand

Answers

Answer:

I believe it would be 101,000

Step-by-step explanation:

It would be 101,000 because 6 is closer to the next #

During a thunderstorm​ yesterday, 600 millimeters of rain fell in 30 minutes. What is the unit rate for millimeters per​ minute?

Answers

9514 1404 393

Answer:

  20 mm/min

Step-by-step explanation:

To find the rate in mm per minute, divide mm by minutes:

  (600 mm)/(30 min) = 20 mm/min . . . unit rate

show your work please hurry
−17 = x − 15

Answers

Answer:

x = -2

Step-by-step explanation:

-17 = x - 15

+15      +15

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

-2 = x

Answer:

-17=x-15, move the terms.
-x=-15+17, add them together.
-x=2, move the signs, and your answer is...
x=-2

Does anyone know what the answer is?​

Answers

Answer:

0.974.

Step-by-step explanation:

You have to use a correlation calculator.

A contractor cut 28 feet of wire into sections that were feet long. How many pieces of wire did the contractor have?

Answers

Answer:

its 6

Step-by-step explanation

6th grade math I mark as brainliest

Answers

Answer:

the second one I think

Step-by-step explanation:

dont come at me if it's wrong please

Answer:

8.962

Step-by-step explanation:

8×1+9×0.1+6×0.01+2×0.001

8+0.9+0.06+0.002

8.962

Find the value of x.

The answer choices are: 5, 7, 3, 11, 9

Answers

Answer:

x = 3

Step-by-step explanation:

Hi there !

DBC + CBV = 180°

DBC + BDC + DCB = 180°  }=> VBC = BDC + DCB

replace

20x + 5 = 9x - 2 + 40

solve the equation

20x - 9x = 40 - 2 - 5

11x = 33

x = 33 : 11

x = 3

Good luck !

The fence is rectangular, so use the formula for the area of a rectangle: .

You know the area (A = 300 ft2) and the width (w = 4 ft), but not the length. The formula would be more useful if it were rewritten to solve for the length in terms of the area and width. Rewrite the formula by dividing both sides by the width.


Use the formula to find the length of fence (in feet) that can be painted.

Answers

Answer: New formula is A/w=l

Length equals 75ft.

Step-by-step explanation:

A=l x w           Area of a rectangle formula.

A/w=l              Solve for length

300=l x 4      

300=l x 4

4           4

300/4=l

75=l

The new formula is A/w=l and  Length= 75ft.

A=l x w        (Area of a rectangle formula)

A/w=l           (Solve for length)

300=l x 4      

300=l x 4

300/4=l

75=l

What's the vicinity system?

Given a rectangle with duration l and width w, the system for the location is A = lw (rectangle). that is, the place of the rectangle is the duration accelerated by the width. As a unique case, as l = w inside the case of a rectangular, the location of a rectangular with facet duration s is given with the aid of the formulation: A = s2 (rectangular)

The perimeter P of a rectangle is given through the formulation, P=2l+2w, wherein l is the period and w is the width of the rectangle. The location A of a rectangle is given with the aid of the system, A=lw, where l is the length and w is the width.

Learn more about the area of a rectangle here: https://brainly.com/question/25292087

#SPJ2

10.(02.06 LC)
The number line below represents which combined inequality? (5 points)

Answers

For me it’s most likely to be A because I combine the inequality and got A so hope this helped
A because the dots are closed dots and are -4,3

What is the product of 8.0 x 102 and 7.4 x 102 expressed in
scientific notation?

Answers

Answer:

21

Step-by-step explanation:

Determina el valor de la expresión:

4 + 3 [4 – 26 – 3)] ÷ 2​

Answers

Answer:

-33.5, -71/2, or 35 1/2  they are all the same

Step-by-step explanation:

Whats x solve 1/3x-2/3=-18

Answers

Answer:

[tex]x=-52[/tex]

Step-by-step explanation:

multiple everything by 3 to get rid of the fractions

[tex]3(1/3x-2/3=-18)\\1x-2=-54\\[/tex]

rewrite

[tex]x-2=-54[/tex]

add 2 to both sides

[tex]x-2+2=-54+2\\x=-52[/tex]

Answer:

[tex]x=-52[/tex]

Step-by-step explanation:

[tex]\frac{1}{3} x-\frac{2}{3} =-18[/tex]

Add [tex]\frac{2}{3}[/tex] to both sides of the equation:

[tex]\frac{1}{3} x=-18 +\frac{2}{3}[/tex]

Simplify [tex]-18+\frac{2}{3}[/tex] by multiplying [tex]-18[/tex] in fraction form [tex]-\frac{18}{1}[/tex] to get a common denominator so you can add the two fractions:

[tex]-\frac{18}{1}[/tex] × [tex]\frac{3}{3}=-\frac{54}{3}[/tex]

Now add the two fractions:

[tex]-\frac{54}{3} +\frac{2}{3} =-\frac{52}{3}[/tex]

Now write the simplified equation:

[tex]\frac{1}{3} x=-\frac{52}{3}[/tex]

Divide both sides of the equation by the coefficient of [tex]x[/tex], which is [tex]\frac{1}{3}[/tex]:

[tex]x=-\frac{52}{3}[/tex] ÷ [tex]\frac{1}{3}[/tex]

Use the reciprocal of the dividend ([tex]\frac{1}{3}[/tex]), and multiply by your divisor:

[tex]x=-\frac{52}{3}[/tex] × [tex]\frac{3}{1}[/tex]

[tex]x=-\frac{156}{3}[/tex]

Simplify the fraction by dividing [tex]-156[/tex] into [tex]3[/tex]:

[tex]x=-52[/tex]

Q:What is the scale factor of this dilation?
1. 1/2
2. 1/3
3. 2
4. 3

Answers

Answer:

C. 2

Step-by-step explanation:

You can figure it out by multiplying the pre-image by 2 resulting in the image

A company earns $175 a week for 10 weeks. It then has a loss of $87 a week for 15 weeks. At the end of the 25 weeks what is the company's balance?

Answers

Answer= 445
175 x 10 = 1,750
87 x 15 = 1305
1750-1305 =445

When Brandon went bowling, it cost $4.95 per game, plus a one time fee to rent the shoes. Brandon played 5 games and paid $32. Write and solve a linear equation to find the cost to rent the shoes. (Hint Think about if you want to know the cost of the shoes, what does this mean for numbers of games?)

Answers

Answer:

(4.95x5)+X=32 x=7.25(one time fee)

Step-by-step explanation:

You have to find out what is already known.

A 14-foot ladder is set up 4 feet from the base of a building. How far up the building does the ladder reach? Round your answer to the nearest tenth of a foot.
A 13.4 feet
B 14.6 feet
C 16.5 feet
D 18.0 feet

Answers

Answer:

A

Step-by-step explanation:

Show your work and write an expression by using these clues:
1. Write a number that is greater than 100, but smaller than 10,000
2. Divide that number by 10, 100 or 1,000
3. The quotient should be a number that is less than 100, but greater than 1

Answers

Answer: 10.1

Step-by-step explanation:

Step 1:  1,000 is greater than 100 but smaller then

Step 2:  10,000     1,000 is divided by 10,100 which =10.1                                                                  

Step 3:    and 10.1 is less than 100 greater than 1

Answer:10.1

Step-by-step explanation:

Step 1:  1,000 is greater than 100 but smaller then

Step 2:  10,000     1,000 is divided by 10,100 which =10.1                                                                  

Step 3:    and 10.1 is less than 100 greater than 1

Step-by-step explanation:

determine which of the following sets of ordered pairs represents a function

Answers

Answer:

B.

Step-by-step explanation:

Every answer besides B. has an input that repeats. A function contains inputs that have exactly one output. This means x values cannot have more than one y value.

Johnny will work 15 hours a week during the l36 week school year, and 40 hours a
week the other 16 weeks of the year. How many hours will he work over the course
of the year?

Answers

15 hours for 36 weeks = 540 hours
40 hours for 16 weeks = 640 hours
540 + 640 = 1,180 hours total

The cost of shipping a package is $1.85 per pound. Karen has a package that has a mass of 8 kg. How much will it cost Karen to ship the package? Use 1 kg ≈ 2.2 lb

Answers

$32.56

Did she speak to the manager

how does the percent equation help solve markup problems i will mark brainliest

Answers

Yo bro bro the answer is 65

This afternoon, Sara noticed that the number of the page assigned for homework is divisible by both 12
and 2. What is the smallest possible page number that could have been assigned?

Answers

Answer:

12

Step-by-step explanation:

Well, 12/12=1, which I guess is the smallest number we can get, and 12 is divisible by 2 too.

giving 50 PONITS I MARK BRAINLIEST
the question is in the picture, its easy but I'm lazy, tyyy

Answers

Answer:

76,200

Step-by-step explanation:

move the decimal three places to the right

76,200

Answer:

7620

I hope this helps!

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