A bank credit card charges interest at the rate of 24% per year, compounded monthly. If a senior in college charges $1,500 to pay for college expenses, and intends to pay it in one ye

what will he have to pay? (Round your answer to the nearest cent.)

$

Answers

Answer 1

Answer: 1902.36

Step-by-step explanation:

When interest is compounded monthly , the formula to find the accumulated amount is

[tex]A=P(1+\dfrac{r}{12})^{12t}[/tex] , where P = principal value , r = rate of interest , t = time.

As per given,

r= 24% =  0.24

P= $1500

t= 1 year

Put all value in formula , we get

[tex]A= 1500(1+\dfrac{0.24}{12})^{12\times 1}\\\\=1500(1+0.02)^{12}\\\\=1500(1.02)^{12}\\\\=1500(1.26824179456)\approx1902.36[/tex]

Hence, he need to pay $1902.36.


Related Questions

Evaluate the function. f(x) = -22 + 5x – 2

Find f (-4)​

Answers

Plug in -4 for x.
-22 + 5(04) -2 = -44

Stan spent $440 on 8 chairs. To find out how much he
spent on each chair, he did the following work in long
division.

Answers

Answer:

the answer is there should be another digit in the quotient

Answer:

No, because there should be another digit in the quotient

Evaluate
(0.3)*4= plplpl

Answers

Answer:

1.2

Step-by-step explanation:

0.3 * 4

= 3 * 0.1  * 4

= 3 * 4 * 0.1

= 12 * 0.1

= 1.2

What percent is equivalent to 2/3

66 1/3

66 3/5

66 2/3

66 7/10

Answers

Answer:

66 2/3

Step-by-step explanation:

(2/3)(100) = 66 2/3

[tex]\huge\text{Hey there!}[/tex]

[tex]\huge\textbf{Question reads....}[/tex]

[tex]\large\textbf{What percent is equivalent to }\rm{\bf \dfrac{2}{3}}\large\textbf{ ?}[/tex]

[tex]\huge\textbf{Let's simplify the current fraction}\\\huge\textbf{to find the overall result to this question.}[/tex]

[tex]\mathbf{\dfrac{2}{3}}[/tex]

[tex]\mathbf{= 2\div3}[/tex]

[tex]\mathbf{= 0.66666667}[/tex]

[tex]\mathbf{= 0.66666667 \times 100}[/tex]

[tex]\mathbf{= 66.6666667\%}[/tex]

[tex]\mathbf{\approx 66.67\%}[/tex]

[tex]\huge\textbf{Let's do process of elimination to find}\\\huge\textbf{the fraction that is equivalent to yours.}[/tex]

[tex]\huge\textsf{Option A.}[/tex]

[tex]\mathbf{66 \dfrac{1}{3}}[/tex]

[tex]\mathbf{= \dfrac{66\times3+1}{3}}[/tex]

[tex]\mathbf{= \dfrac{198 +1}{3}}[/tex]

[tex]\mathbf{= \dfrac{199}{3}}[/tex]

[tex]\mathbf{= 199\div3}[/tex]

[tex]\mathbf{= 66.3333333}[/tex]

[tex]\mathbf{= 66.3333333 \times100}[/tex]

[tex]\mathbf{= 6,633.33333\%}[/tex]

[tex]\mathbf{\approx 6,633.33\%}[/tex]

[tex]\huge\textsf{This eliminates Option A. as your result.}[/tex]

[tex]\huge\textsf{Option B.}[/tex]

[tex]\mathbf{66 \dfrac{3}{5}}[/tex]

[tex]\mathbf{= \dfrac{66\times5 + 3}{5}}[/tex]

[tex]\mathbf{= \dfrac{330 + 3}{5}}[/tex]

[tex]\mathbf{= \dfrac{333}{5}}[/tex]

[tex]\mathbf{= 333\div5}[/tex]

[tex]\mathbf{= 66.6}[/tex]

[tex]\mathbf{= 66.6 \times 100}[/tex]

[tex]\mathbf{= 6,660}[/tex]

[tex]\mathbf{\approx 6,660\%}[/tex]

[tex]\huge\textsf{This eliminates Option B. as your result.}[/tex]

[tex]\huge\textsf{Option C.}[/tex]

[tex]\mathbf{66 \dfrac{2}{3}}[/tex]

[tex]\mathbf{= \dfrac{66\times3+2}{3}}[/tex]

[tex]\mathbf{= \dfrac{198 + 2}{3}}[/tex]

[tex]\mathbf{= \dfrac{200}{3}}[/tex]

[tex]\mathbf{= 200\div3}[/tex]

[tex]\mathbf{= 66.6666667}[/tex]

[tex]\mathbf{= 66.6666667\times100}[/tex]

[tex]\mathbf{= 6,666.66667}[/tex]

[tex]\mathbf{\approx 6,666.67\%}[/tex]

[tex]\huge\textsf{This eliminates Option C. as your result.}[/tex]

[tex]\huge\textsf{Option D.}[/tex]

[tex]\mathbf{66\dfrac{7}{10}}[/tex]

[tex]\mathbf{= \dfrac{66\times10 +7}{10}}[/tex]

[tex]\mathbf{= \dfrac{660 + 7}{10}}[/tex]

[tex]\mathbf{= \dfrac{667}{10}}[/tex]

[tex]\mathbf{= 667\div10}[/tex]

[tex]\mathbf{= 6.67}[/tex]

[tex]\mathbf{= 6.67\times100}[/tex]

[tex]\mathbf{= 6,670}[/tex]

[tex]\mathbf{\approx 6,670\%}[/tex]

[tex]\huge\textsf{This eliminates Option D. as your result.}[/tex]

[tex]\huge\textbf{It seems like none of the above matches }\\\huge\textbf{the original fraction, so we will use the}\\\huge\textbf{that is close to the original answer.}[/tex]

[tex]\huge\textbf{The closest answer was:}[/tex]

[tex]\mathbf{66 \dfrac{2}{3}}[/tex]

[tex]\huge\textbf{Therefore the answer MIGHT be:}[/tex]

[tex]\huge\boxed{\mathsf{Option\ C. \ 66 \dfrac{2}{3}}}\huge\checkmark[/tex]

[tex]\huge\text{Good luck on your assignment \& enjoy your day!}[/tex]

~[tex]\frak{Amphitrite1040:)}[/tex]

John bought 15 cookies and ate 3 of them. He ate % of the cookies. (Make sure to enter the answer using numbers only. Do not enter special characters such as the percent symbol.)

Answers

He ate 20% of the cookies

Answer:

20%

Step-by-step explanation:

Divide 3 by 15 to get 1/5. If you divide 1 by 5, you will get a decimal answer of 0.2. To convert a decimal to a percent, you must multiply the decimal by 100, which basically means to move the decimal place to the right twice. You will then get the product and final answer of 20%.

What is the slope of the line on the graph?

Answers

Answer:

mx plus b    

Step-by-step explanation:

the slope is 1 -2

Mia and her children went into a grocery store and where they sell apples for $2 each and mangos for $1.50 each. Mia has $20 to spend and must buy no less than 9 apples and mangos altogether. If Mia decided to buy 3 mangos, determine the maximum number of apples that she could buy. If there are no possible solutions, submit an empty answer.

Answers

Answer:

The maximum amount of apples she could buy is 7

Step-by-step explanation:

3 mangos would be 4.50 dollars. Subtract that from her current amount of money (20 dollars). You would get 15.5 dollars. Then, find how many apples she can buy with 15.5 dollars. You can't buy 8 because that would be above 15.5. So do the next smallest amount, 7.

Is this right? PLEASE HELP

Answers

Answer:

I got

2x^4u^4-6+9x^3u^2/ux^2

Step-by-step explanation:

Photo wrong only at the end u^2

If Mr. Vasquez can run 8 miles in 2 hours, then how many miles can he run in 1 hour?
I NEED HELPP nOw!!!!! pLz?!

Answers

Answer: four

Step-by-step explanation:

8/2=4

Luke was given a gift card for a coffee shop each morning Luke uses the card to buy one cup of coffee the original amount of money on the gift card was $30 and after buying 6 cups of coffee the card had $12 remaining balance write and equation for a in terms of X representing the amount of money remaining on the card after buying X cups of coffee​

Answers

Answer:

30-6x=12

Step-by-step explanation:

30 (was the original)-6(the amount of coffee)x(the price of each coffee)=12(the remaining amount after those 6 cups)

hope this helps!!

In the diagram below, \overline{OH} OH start overline, O, H, end overline is parallel to \overline{ID} ID start overline, I, D, end overline. Find the length of \overline{HD} HD start overline, H, D, end overline.

Answers

Answer:

HP=11

Step-by-step explanation:

Now that we have \blueE{HP}HPstart color #0c7f99, H, P, end color #0c7f99, we can find HDHDH, D.

\begin{aligned} HD&=\blueE{HP}+DP \\\\ &=\blueE{2}+9 \\\\ &=11 \end{aligned}

HD

 

=HP+DP

=2+9

=11

Using the AAA similarity theorem, the length of segment HD in the diagram given is: 11 units.

What is the AAA Similarity Theorem?

If all corresponding angles of two  triangles are congruent, then, they are similar triangles, based on the AAA similarity theorem.

ΔPOH ~ ΔPID by AAA similarity theorem.

Therefore, their corresponding sides would be proportional. Thus:

PH/PD = PO/PI

Substitute

PH/9 = 6/27

PH = (9 × 6)/27

PH = 2

HD = 2 + 9

HD = 11 units.

Learn more about the AAA similarity theorem on:

https://brainly.com/question/2063552

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3.​ ​A solid cylinder has a radius of 6cm and a height of 20cm.

​a.​ ​Calculate the volume of the cylinder. Give your answer correct to 3 significant figures.

b.​ ​The cylinder is made of a material that has a density of 1.5g/cm3. Calculate the mass of the cylinder. Give your answer correct to 3 significant figures.
4. The diagram shows a right-angled triangular prism.

Answers

Answer:

a) 2260 cm³

b) 3390 grams

Step-by-step explanation:

3.

a)The radius of the solid cylinder = 6cm

The height of the cylinder is =20 cm

The volume = π*r²*h

The volume = 3.14 * 6²*20 =2260 cm³

b) Density of the material = 1.5 g/cm³

  Volume of the cylinder = 2261 cm³

  Mass of the cylinder = Density * Volume

  Mass of the cylinder = 1.5 * 2261 = 3390 grams

A local sorority sold hot dogs and bratwursts at the spring fling picnics. The first day they sold 8 dozen hotdogs and 13 dozen bratwursts for $330.00. The second day they sold 10 dozen hot dogs and 15 dozen bratwursts for a total of $390.00 how much did each cost?

Answers

Answer:

Hotdogs are $12.00 for the dozen or $1.00 each

Bratwursts are $18.00 for the dozen or $1.50 each

Step-by-step explanation:

PLEASE HELP! ILL GIVE BRAINLEST!
Question 1(Multiple Choice Worth 5 points)
(04.06A HC)

The table and the graph below each show a different relationship between the same two variables, x and y:

A table with two columns and 5 rows is shown. The column head for the left column is x, and the column head for the right column is y. The row entries in the table are 3,180 and 4,240 and 5,300 and 6,360. On the right of this table is a graph. The x axis values are from 0 to 10 in increments of 2 for each grid line. The y axis values on the graph are from 0 to 350 in increments of 70 for each grid line. A line passing through the ordered pairs 2, 70 and 4, 140 and 6, 210 and 8, 280 is drawn.

How much more would the value of y be in the table than its value on the graph when x = 11?

110
150
215
275

Answers

Answer:

275

Step-by-step explanation:

calculator

PLEASE HELP I NEED TO SHOW WORK WILL GIVE BRAINLIST

Answers

Answer:

Jahmya's Lunch cost more

Step-by-step explanation:

Stephen's Lunch

(Garden Salad) 2.29(Veggie Burger) 4.75(Lemonade) 1.292.29 + 1.29 = 3.583.58 + 4.75 = 8.33Total Cost = $8.33

Jahmya's Lunch

(Fruit Salad) 2.89(Sandwich) 4.59(Water) 1.392.89 + 4.59 = 7.487.48 + 1.39 = 8.87Total Cost = $8.87

pleaseee helpp meee​

Answers

Answer:no

Step-by-step explanation:hope it helps

Boris used 2/3/5 gallons of gas on Friday and 5/1/4 gallons of gas on saturday, how many gallons did he use on the two days combined

Answers

Answer:

Exact form: 157/20

Decimal Form: 7.85

Mixed Number Form: 7/17/20

Step-by-step explanation:

If AB =CD, CD = 9in, BC = 5x, and AD = 53 in. , find x.
35
7
42
6
None of the other answers are correct

Answers

Answer:

Step-by-step explanation:

U right it’s not any of them and if u single I’m here

Answer:

B.

Step-by-step explanation:

AD, the entire segment, is composed of the three segments AB, BC, and CD. In other words:

[tex]AD=AB+BC+CD[/tex]

Since AB=CD, we can substitute:

[tex]AD=CD+BC+CD\\ AD=2CD+BC[/tex]

We know that CD is 9 and BC is 5x. AD is 53. So, substitute:

[tex]53=2(9)+5x[/tex]

Solve for x:

[tex]\begin{aligned} 53&=18+5x \\ 35&=5x \\ 7&=x \end{aligned}[/tex]

The value of x is 7.

Hence, our answer is B.

A pancake recipe calls for 4 of a cup of powdered milk and 2 cups of whole wheat flour for each batch of pancakes.
If Ruby plans on making 4 batches of pancakes, how many combined cups of powdered milk and whole wheat finur does she need?

Answers

Per Batch:
4 Cups Powdered Milk
2 Cups Flour
4 Batches:
4x 4 cups of Powdered Milk
4x 2 cups of Flour

Therefore
16 cups of powered milk
8 cups of flour

9514 1404 393

Answer:

  24 cups

Step-by-step explanation:

One batch takes a combined total of 4 + 2 cups = 6 cups of milk and flour. Then 4 recipes will take ...

  4 × 6 cups = 24 cups . . . combined

factorise the following fully:
6a⁴b⁶-8a³b⁵+12a²b³​

Answers

Answer:

2a^2 b^3(3a^2 b^3 - 4ab^2 + 6)

need help with simplifying.

Answers

Answer:

Step-by-step explanation:

4x^3 + 7x^3 - 5x + 9x + 3 + 11 = 11x^3 + 4x + 14

3. Estimate the quotient. Round the divisor first. 482 ÷61=

Answers

Answer:

8.033

Step-by-step explanation:

i need to fill in this table to show a proportional relationship.

Answers

Answer:

x 2 4 10 12 20 33

y 6 12 30 36 60 99

there are 3 rows of pictures on a wall. each row has 6 pictures. how many pictures are on the wall

Answers

Answer:

There are 18 pictures on the wall

Step-by-step explanation:

6 x 3 = 18

there is no way that simple multiplication is college level.

May I have brainliest please? :)

Jasmin can walk 1/4 mile every 1/5 hour. At this rate, how far can Jasmin
walk in one hour?

Answers

Answer:

hope this helps :)

Step-by-step explanation:

Since we know how far she can walk in 1/5 (one fifth) of an hour, if we multiply this distance by 5, we will find out how far she can walking in 5/5 (five fifths) of an hour, or to be clear: in one hour.

So, 5 x 1/4 miles = 5/4 or 1.25 miles per hour

Jazmeen can walk 1.25 miles in one hour.

Draco invests $5000. Approximately how long will it take for the investment to double if the rate is 10% compounded annually?

Answers

Answer:

I'm in 6th grade and I think it is 500

For the investment to double if the rate is 10% compounded annually,

it will take about 7 years and 3 months.

What is compound interest rate?

Compound interest is computed as interest on the principle of an account plus any accrued interest.

Compound interest can be calculated using the following formula:

x = P (1+r/n[tex])^{nt}[/tex]

,where x = compound interest

P = principal (the initial deposit or loan amount)

r = annual interest rate

n = the number of compounding periods per unit of time

t = the number of time units the money is invested or borrowed for.

Given:

Draco invests $5000.

Draco wants his investment to double.

That means, accrued amount = $10000

Interest rate = 10%

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

r = R/100

r = 10/100

r = 0.1 per year,

Then, by using the formula,

t = ln(A/P) / n[ln(1 + r/n)]

t = ln(10,000.00/5,000.00) / ( 1 × [ln(1 + 0.1/1)] )

t = ln(10,000.00/5,000.00) / ( 1 × [ln(1 + 0.1)] )

t = 7.273 years

t = about 7 years 3 months

Therefore, the required time is about 7 years 3 months.

To learn more about the compound interest rate;

https://brainly.com/question/13307568

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Question 1/3 There are 85 girls and 70 boys in the sixth grade. Of these students, 14 girls and 8 boys take piano lessons.
What percentage of the sixth graders at this school take piano lessons?
A. 14%
B. 22%
C. 18%
D. 12%

Answers

Answer:

A

Step-by-step explanation:

155-22/155 equal around 86% who don't so meaning 14% do take lessons.

Answer:

The answer is A.

Step-by-step explanation:

Mickey needs $80 to buy a fish tank for her fish. So far he shas been able to save $8. She is going to be cleaning up this weekend at the park where he makes $9 per hour. Which inequality shows the minimum number of hours h , that Mickey can work at the park to earn enough to buy the fish tank for her fish? (5 points) a 8 + 9n ≤ 80, so n ≤ 8 b 8 + 9n ≥ 80, so n ≥ 8 c 9n ≥ 80 + 8, so n ≥ 9.8 d 9n ≤ 80 + 8, so n ≤ 9.8

Answers

Answer:

.

Step-by-step explanation:

A line passes through the point (10,9) and has a slope of 3/2. Write an equation in slope intercept form for this line

Answers

Answer:

The equation of line passing through (10,9) and having slope 3/2 is: [tex]y = \frac{3}{2}x-6[/tex]

Step-by-step explanation:

The slope intercept form of a line is given by:

[tex]y=mx+b[/tex]

We are given

Slope = m = 3/2

Point = (10,9)

Putting the value of the slope in the equation we get

[tex]y = \frac{3}{2}x+b[/tex]

b is the y-intercept. To find the y-intercept we have to put the point through which the line passes in the equation.

Putting (10,9) in the equation

[tex]9 = \frac{3}{2}(10) +b\\9 = 15+b\\b = 9-15\\b = -6[/tex]

Putting b=-6 in the equation

[tex]y = \frac{3}{2}x-6[/tex]

Hence,

The equation of line passing through (10,9) and having slope 3/2 is: [tex]y = \frac{3}{2}x-6[/tex]

Need help ASAP !!!!!!!!!!!!! Which statements describe the graph of f(x) = -1/4x as a transformation of the graph of g(x) = 1/x? Check all that apply.
A- the graph includes a vertical stretch.
B- the graph includes a compression.
C-the graph remains on the same side of the x-axis. D- the graph reflected across the x-axis ?

Answers

Answer:

It's B - The graph includes a compression

and D - The graph is reflected across the x-axis

Step-by-step explanation:

I got those right

B is right because f(ax) if a is greater than 1, then it includes a horizonal compression and 1/4x = f(4x)

D is right because -f(x) reflects across the x-axis. -f(x)= -1/x.

So -f(4x) = -1/4x

Answer:

b and d on edge

Step-by-step explanation:

just took the test

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