Spencer deposited $10 in an account earning 5% interest compounded annually.
To the nearest cent, how much will he have in 3 years?

Answers

Answer 1

Answer:

I (interest) = $1.58

Step-by-step explanation:

A = $11.58

A = P + I where

P (principal) = $10.00

I (interest) = $1.58

First, convert R as a percent to r as a decimal

r = R/100

r = 5/100

r = 0.05 rate per year,

Then solve the equation for A

A = P(1 + r/n)^nt

A = 10.00(1 + 0.05/1)^(1)(3)

A = 10.00(1 + 0.05)^(3)

A = $11.58

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $10.00 at a rate of 5% per year compounded 1 times per year over 3 years is $11.58


Related Questions

Mr. Alden Richards is planning to build a gazeboo whose base is a regular octadecagon. At what angle should he cut the lumber to frame the base.

Answers

A regular octagon consists of 8 interior and 8 exterior angles of which the respective sides and angles are equal. The exterior angles total 360 deg. So 360/8 = 45 and if you are cutting wood to form a 45 deg angle each cut must be 1/2 or 22.5 degrees. This will be added or subtracted from each side of the stock. Your table saw normally is set at 90 degrees, or perpendicular to the top. Subtract the 22.5 degrees from 90, and you get 67.5 degrees.
Answer: Set your blade tilt to 67.5 degrees.

12.
If $4204 is invested at 4% per year simple interest for 7 years, at what simple interest rate r would it need to be
invested for 5 years to earn the same amount of interest? Express r as a percentage correct to 2 decimal places.

Answers

The answer to this question is in the picture which is 0.56% to 2dp

Answer:

5.60%

Step-by-step explanation:

We can use the formula for simple interest to solve this problem. The formula is:

[tex]\boxed{\bold{SI =\frac{ P * T* R}{100}}}[/tex]

Where:

SI is the simple interest earnedP is the principal amount investedR is the interest rateT is the time period in years

If $4204 is invested at 4% per year simple interest for 7 years, the interest earned will be:

[tex]SI = \frac{4204 *4* 7}{100} = 1177.12[/tex]

In order to earn the same amount of interest of $1177.12, the investment of $4204 must be invested for 5 years at a simple interest rate of:

[tex]1177.12=\frac{4204*5*r}{100}[/tex]

Doing Criss cross multiplication

[tex]r=\frac{1177.12*100}{4204*5}[/tex]

r=5.60 %

To two decimal places, the interest rate r is 5.60 %.

In a circle, a central angle of 2 radians intercepts an arc of 6 centimeters.
Find the length of the radius in centimeters.

Answers

Answer:

3 cm

Step-by-step explanation:

To solve this problem, we can use the Arc Length Formula. This states that s = r · [tex]\bf \theta[/tex], where s = arc length, r = radius, and [tex]\theta[/tex] is the measure of the central angle (in radians).

From the problem, we are given that s = 6 cm, [tex]\theta[/tex] = 2, and we need to solve for r. Substituting these values into the equation gives us the following:

6 = r · 2

Solving the equation gives us r = 3 cm. Hope this helps!

An item on sale costs 60% of the original price. If the original price was $30, what is the sale price?
si
Х 5 ?

Answers

Answer: $18

Step-by-step explanation:

60% of original cost means 40% is taken off

40% = 0.4

30 x 0.4 = 12 so that is how much will be taken off

30-12= 18

$18

Given f(x) = x2 + 1 and g(x) = |x + 31| which value of x is a
solution to the equation f(x) = g(x)?

Answers

Answer:

the answer is 30..........

. What is 1- 87+23
What is 5- 700÷7

Answers

Step-by-step explanation:

[tex]1 - 87 + 23 \\ = - 86 + 23 \\ = - 63 \\ \\ \\ \\ 5 - 700 \div 7 \\ = 5 - 100 \ \\ = - 95[/tex]

hope it helps ..

A rectangle has an area of 20 cm^2. What will the area be if the rectangle tripled in size?

Answers

Answer:

  180 cm^2

Step-by-step explanation:

For similar figures the ratio of areas is the square of the ratio of linear dimensions.

We take "tripled in size" to mean that the linear dimensions of the larger rectangle are 3 times those of the smaller rectangle. That means the area of the larger rectangle will be 3² = 9 times the area of the smaller one.

  Area = (3²)(20 cm²) = 180 cm² . . . . area after tripled in size

16 PTS AND BRAINLIEST A book store manager took several random surveys of customers to determine which book genre they purchased most frequently. This table shows the average of each survey.

Based on the data shown in the table, which conclusions can be made about the frequency that customers purchase a genre?

Select each correct answer.


On average, 1 out of 6 customers purchases fantasy books most frequently.

On average, 24% of the customers purchase autobiographies most frequently.

On average, 22% of the customers purchase romance books most frequently.

On average, 2 out of 10 customers, purchase health and wellness books most frequently.
Book Genre Average of Surveys
Autobiographies 24
Mystery 11
Romance 22
Health and Wellness 18
Fantasy 15

Answers

Answer:

1/6 customer purchase Fantasy, and 2/10 customers purchase Heath and wellness books.

Step-by-step explanation:

Simply check each number of books over the total than see if it matches the percentage assumed.

Fantasy over total books = 15/90 which is 1/6 So that is correct

Autobiographies over total books = 24/90 = 26.6667 percent which is not what this option said, so not correct.

Romance books over total = 22/90 which equals 24.444 percent which is not equal to the 22 percent option, so also not correct.

And lastly Health and wellness books over total = 18/90 which equals to 20 percent. This is equal to 2/10. So this one is also correct.

Hope this helps, and please mark me brainliest!

the sum of two integers is - 120 if one of them is 82 find the other

Answers

Answer:

38

Step-by-step explanation:

Here,

Let one of the unknown integer be x whereas the other one be 82 (according to question)

Now,

X+82=120

Or, x=120-82

Or, x=38

Therefore the value of the unknown integer is 38.

i need help solving for x. with pythagorean theorem.​

Answers

Answer:

[tex]14 \sqrt{3} [/tex]

Step-by-step explanation:

Here you use the 30-60-90 triangle

Note that the side length opposite of the 60 degree triangle is root of 3 times greater than the side opposite of the 30 degree angle.

Here, x is the opposite of 60 degree angle.

7 times root of 4 is opposite of the 30 degree angle,

So we have

So this means

[tex]7 \sqrt{4} \times( \sqrt{3} ) = x[/tex]

Note that

[tex]7 \times \sqrt{4} = 7 \times 2 = 14[/tex]

So we have

[tex]14 \sqrt{3} = x[/tex]

MAX POINTS PLEASE HELP Will make Brainliest

What is the period and frequency of the function graphed and how would the equation be written

Answers

[tex]\qquad\qquad\huge\underline{{\sf Answer}}♨[/tex]

The required equation is :

[tex]\qquad \sf  \dashrightarrow \:a \cos(bx) + k[/tex]

Now, let's find the required values :

period (p) = 6

[distance between any successive Crest or trough]

a = - 4 (flipped)

b = 2π/p = 2π/6 = π/3

k = -2

Distance of starting position from origin = k

Now, plug in the values ~

[tex]\qquad \sf  \dashrightarrow \: - 4 \cos( \frac{ \pi}{3}x ) - 2[/tex]

10
10
U
U
g(x)
f(x)
8
10
-2
10-8
2
-108
--2
2
4
-8
- 10
If g(x) = f(x + k), what is the value of k?

Answers

Answer: -6

Step-by-step explanation:

The graph of g is the graph of f translated left 6 units.

............................

Answers

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Answer:

......................

Step-by-step explanation:

On a given planet the weight of an object varies directly with the mass of an object. Suppose that an object whose mass is 3kg weighs 21N. Find the weight of an object whose mass is 7kg

Answers

Weight = mass*gravity
Rearrange to get gravity
Gravity = weight/mass

Using 3kg, 21N

Gravity = 21/3 = 7
On this particular planet the gravity is measure at 7 m/s

Therefore:
Weight = 7kg*7= 49N

Manuel wants to rent a boat and spend at most 34. The boat costs 8 per hour, and Manuel has a discount coupon for 6 off. What are the possible numbers of hours Manuel could rent the boat?

Answers

5 hours

6 times 5 is 30, and if hes not wanting to go over, then it'd be 5 hours for $30

A point on a pre-image is currently located at (1, -3). The pre-image is translated 3
units right and 6 units up.
What are the NEW coordinates for the point after the translation? Use graph paper
to sketch the translation if needed.
(3, 4)
(3,4
(4,3)
)
(7.0)
0
(-2.2)

Answers

Answer:

(4,3)

Step-by-step explanation:

Since its a positive translation you add 3 to 1 because you are going to the right. You coordinates of that step then becomes (4,-3). Then you need to translate up 6 units. Because the y is -3 you add 3 to make 0, then 3 more (3+3=6) to get positive 3. You then end up with the coordinates (4,3)

need help ASAP will mark BRAINLIEST

Answers

Answer:

28 square inches

Step-by-step explanation:

There will be 4 sectors in a circle each having 90° central angle.

-> Area of circle = 4*Area of sector of circle having central angle 90°

= 4*7

= 28 sq inches

need help really please someone​

Answers

Answer:

6/8 and 12/16

Step-by-step explanation:

This is because 3/4 x 2/2 = 6/8 and 3/4 x 4/4 = 12/16

Answer:

6/8 and 9/12 are both equal to 3/4

Step-by-step explanation:

You can't simplify but you can make it bigger.

3/4 x 2/2 = 6/8

and

3/4 x 3/3 = 9/12

it should be correct because 3/3 and 2/2 are both equal to 1 which is why they are equivalent.

Find the area of the triangle with the following coordinates. A (-5,9) B (1,-7) C (8,4)

Answers

QUESTION : > FIND THE ARE OF THE TRIANGLE WITH THE FOLLOWING COORDINATES.

A. (-5,9)

B . (1,-7)

C . (8,4)

ANSWER :> A.

(-5,9).

HOPE IT HELPS

THANK ME LATER.

#CARY ON LEARNING

evaluate the equation: F( 2 ) =

Answers

Answer:

3

Step-by-step explanation:

it's basically asking what is the y value that corresponded to x = 2

that value is 3.

Are constant functions periodic? The reason I ask this is because a function is periodic if it has a period but in a constant function the period could be infinitely small.

Answers

Answer:

A function f:R→R is periodic if there exists some number t>0 such that

f(x)=f(x+t)

A constant function is periodic since you can take t=1,t=2, etc. (Hint: Hover over the tag "periodic-functions". What do you see?)

The fundamental period of f is the smallest of such t's. Since t cannot be 0, you are looking for the minimum of (0,∞), which does not exist.

Step-by-step explanation:

A social security number contains nine digits, such as 224-10-7135. How many different social security numbers can be formed?​

Answers

Answer:

420 million

Step-by-step explanation:

There are up to 420 million numbers that were assinged.

Which fraction is equal to 0.3?

Answers

0.3 is equal to 3/10

Show 9/12 as the sum of unit fractions

Answers

[tex]\cfrac{9}{12}\implies \cfrac{1+1+1+1+1+1+1+1+1}{12} \\\\\\ \cfrac{1}{12}+\cfrac{1}{12}+\cfrac{1}{12}+\cfrac{1}{12}+\cfrac{1}{12}+\cfrac{1}{12}+\cfrac{1}{12}+\cfrac{1}{12}+\cfrac{1}{12}[/tex]

Answer:

1/4 +1/4 +1/4

or add 1/12 9 times

Step-by-step explanation:

9/12

try to find the greatest common factor of both the numerator and denominator.

(a number that you can divide both the top number and bottom number with)

in this case, the greatest common factor is 3. once you divide the numerator and denominator by 3, it leaves you with a fraction 3/4

you can add 1/4 3 times to get 9/12

1/4 +1/4+1/4

or you could just add 1/12 9 times

Which table represents a linear function?
x
X
y
x
х
y
1
y
0
y
1
0
0
0
0
0
1
2
1
1
1
1
1
3
AN
low
N
4
3
2
0
N
5
2
3
3 3
8.
3
6
3
1
3
7
O
o

Answers

Answer:

  (d)  see attached

Step-by-step explanation:

A linear function has equally-spaced outputs for equally-spaced inputs. The given tables all have sequential values for x, so we can find the linear function by looking at the differences of y-values.

  a) 2 -1 ≠ 4 - 2 . . . . not linear (exponential)

  b) 1 -0 ≠ 3 -1 . . . . not linear (quadratic)

  c) 1 - 0 ≠ 0 - 1 . . . . not linear

  d) 3 -1 = 5 -3 = 7 -5 . . . . a linear function

✏Answer ✏

Letter D. A linear function.

Step-by-step explanation:

# Brainliest Bunch

Help what is the product?

Answers

Answer:

(6 18)

Step-by-step explanation:

[tex](4 \: 2) \times \binom{ - 2 \: \: \: \: \: \: \: \:5 }{7 \: \: \: \: \: \: - 1} \\ \\ (4 \times - 2 + 2 \times 7 \: \: \: 4 \times 5 + 2 \times - 1) \\ \\ ( - 8 + 14 \: \: \: \: \: \: 20 - 2) \\ \\ (6 \: \: \: 18)[/tex]

cumulated Depreciation and Fees Earned would be sorted to which respective columns in completing a work
eet?
ect one:
. a. Balance Sheet and Statement of Owner's Equity-Credit; and Income Statement-Credit.
b. Balance Sheet and Statement of Owner's Equity-Debit; and Income Statement-Debit.
c. Income Statement-Debit and Income Statement-Credit.
d. Balance Sheet and Statement of Owner's Equity-Debit; and Balance Sheet and Statement of Owner's Equity-
Credit.
e. Balance Sheet and Statement of Owner's Equity-Debit; and Income Statement-Credit.

Answers

Accumulated Depreciation and Fees Earned would be sorted into Balance Sheet and Statement of Owner's Equity-Debit; and Income Statement-Credit.

What is an accumulated depreciation?

Accumulated depreciation is the accumulation of an asset's depreciation through a specific point in its lifetime. It is a contra asset account, which means that its proper balance is a credit that decreases the asset's overall value.

A corporation debits depreciation expenditures and credits accumulated depreciation when accounting for depreciation in the general ledger. 

On the balance sheet, accumulated depreciation is recorded and shown underneath the line for associated capitalized assets.

Therefore, we can conclude that Accumulated Depreciation and Fees Earned would be sorted into the Balance Sheet.

Learn more about accumulated depreciation here:

https://brainly.com/question/9041582

Write the point-slope form of a line that has slope −7 and passes through the point (4, 8)

Answers

Answer:

y = -7x + 36

Step-by-step explanation:

Point-slope form: y - y1 = m(x - x1)

y1 = y-value of a point on a linem = slopex1 = x-value of a point on a line

Substitue 8 for y1, and 4 for x1, and -7 for m:

y - y1 = m(x - x1)

y - 8 = -7(x - 4)

Solve:

y - 8 = -7(x - 4) <== distribute -7

y - 8 = -7x + 28 <== add 8 to both sides

  + 8         + 8

y = -7x + 36

Therefore, the point-slope of the line is y = -7x + 36

Check your answer using (4, 8):

y = -7x + 36

8 = -7(4) + 36

8 = -28 + 36

8 = 8

This statement is correct

Hope this helps!

A student recorded the distance and height of a basketball when shooting a free throw.

Distance feet X 0 2 6 9 12 13 15
Height (feet) Y 4 8.4 12.1 14.2 13.2 10.5 9.8
(a) Write the quadratic regression equation mal models the data Letx=distance in feet and let y= height in feet Round all numbers to the nearest hundredth
(b) Use the equation to estimate the height of basketball when shot from 20 feet. Show your work.​

Answers

Answer:

a) [tex]y = 0.118x^{2} +2.112x+4.215\\[/tex]

b)height = 896.2 feet

Step-by-step explanation:

for b, substitute 20 in place of x in the first equation.

If your net pay, after a $142.00 automatic withdrawal, is $2,665.00, what percent of your net pay was withdrawn?

Answers

Answer:

Net pay = $142 + $2665 = $2807

Percent withdrawn = (withdrawal ÷ net pay) × 100%

                               = (142 ÷ 2807) × 100%

                               = 5.058781617...%

                               = 5.1% (nearest tenth)

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