How much interest will you earn if you deposit
$4000 into an account compounded semi-annually
at 2.8% for 5 years?

Answers

Answer 1

Answer:

45215.31

Step-by-step explanation:

Answer 2

$596.6 is the interest will you earn if you deposit $4000 into an account compounded semi-annually at 2.8% for 5 years.

What is compounding?

Compounding is the process whereby interest is credited to an existing principal amount as well as to interest already paid. Compounding thus can be construed as interest on interest—the effect of which is to magnify returns to interest over time, the so-called “miracle of compounding.”

According to question,$4000 into an account compounded semi-annually at 2.8% for 5 years.

We have to find interest rate.

Formula for compound interest is [tex]P[(1+i)^n-1][/tex]

Since compounding is semi-annually,

[tex]i=\frac{0.028}{2}[/tex][tex]=0.014[/tex] (since compounding is semi-annually)

[tex]n[/tex]=number of years=[tex]5[/tex] ×[tex]2=10[/tex] years (since compounding is semi-annually)

So, compound interest

[tex]=[/tex][tex]P[(1+i)^n-1][/tex]

[tex]=4000((1+0.014)^{10} -1))[/tex]

[tex]=4000[/tex]×[tex]0.1491[/tex]

[tex]=596.6[/tex]

Hence we can conclude that,$596.6 is the  interest will you earn if you deposit $4000 into an account compounded semi-annually at 2.8% for 5 years.

Learn more about  compound interest here:

https://brainly.com/question/14295570?referrer=searchResults

#SPJ2


Related Questions

6:4 is equivalentto blank:24

Answers

24/4=6 so we must do 6x6=36. The final answer is 36:24

3a+5=20 steps on paper

Answers

Answer:

5

Step-by-step explanation:

3a+5=20 -5

3a=15 /3

a=5

11)
Given the function, f(x) = x2 + 5x - 3 evaluate f(-2).

Answers

Answer:

f(- 2) = - 9

Step-by-step explanation:

Substitute x = - 2 into f(x) , that is

f(- 2) = (- 2)² + 5(- 2) - 3 = 4 - 10 - 3 = 4 - 13 = - 9

Select the best estimate for the quotient.75.1÷9=

Answers

Answer:

8.3 44444 is the answer

Step-by-step explanation:

The diameter of a circle fits around the circle ______ times.

Answers

Answer:

it fits around [tex]\pi[/tex] times which is approximately 3 times

Step-by-step explanation:

[tex]\pi[/tex]

A fair coin is tossed (heads or tails) 9 times. What is the probability that the coin will land “heads” exactly 3 out of the 9 times?

Answers

Answer:

Step-by-step explanation:

The total number of tosses is 9

The number of successes is 3

P(heads 3 times ) = 3/9

P(heads 3 times) = 1/3

After the elves had hung 25% of the ornaments on the North Pole tree, there
were 480 more ornaments to hang. How many ornaments were in the box to
begin with?

Answers

Answer:

640

Step-by-step explanation:

x = total amount of ornaments

480 = 0.75x

(480 is 7 percent of the ornaments after you hang 2 percent of them)

x = 640

The sum of the first 15 terms of a geometric sequence with 7 as the first term and a common ratio of -3 is __________.

Answers

Step-by-step explanation:

the formula for the sum of the first n terms of a geometric sequence is

Sn = s1(1 - r^n)/(1 - r)

with r being the common ratio and s1 is the first term.

so,

S15 = 7×(1 - (-3)¹⁵)/(1 - -3) = 7×(1 - -14,348,907)/4 =

= 7×14,348,908/4 = 7×3,587,227 = 25,110,589

Please help meee! I will give brainlist to quickest answer !!!

What is the equation of this graphed line?

Answers

Answer:

You said quick so here it is

[tex]y-6=2(x-2)[/tex]

A researcher at the Centers for Disease Control and Prevention is studying the growth of a certain bacteria. He starts his experiment with 200 bacteria that grow at a rate of 2% per hour. He will check on the bacteria every 7 hours. How many bacteria will he find in 7 hours? Round your answer to the nearest whole number.

Answers

The population of the bacteria after 7 hours is 230 bacteria.

An exponential function is given by:

y = abˣ

where y, x are variables, a is the initial value of y and b is the multiplier.

Let y represent the population of bacteria after x hours.

Given that he starts his experiment with 200 bacteria, hence

a = 200

The bacteria grow at a rate of 2% per hour, hence:

b = 100% + 2% = 1.02

The exponential equation becomes:

y = 200(1.02)ˣ

After 7 hours:

y = 200(1.02)⁷ = 230

The population of the bacteria after 7 hours is 230 bacteria.

Find out more at: https://brainly.com/question/12490064

Help fast !!! I have like 5 minutes left

Answers

Answer:

y-intercept = (0,3)

Step-by-step explanation:

Pls help my child has no clue and this math is too hard for me to understand!!

Answers

Answer: 160

Step-by-step explanation: The questions says that there are 144 which make up 90% of the total group.

What is the other 10%? To figure this out, we can set up a proportion which we can do in the following way:

144/t = 90/100

From here, you can cross multiply 144 x 100 = 14,400

90t = 14,400

t= 160

You can always check by plugging 160 into t to make sure the proportion is equal. I picked t as my varriable of choice which stands for team members. But you can pick an varriable (letter) to find an unknown.

In practice, is best that your child uses a calculator because in the real world, its a practical handy tool and one doesn't have time to memorize every detail by doing that long division. Once your child gets the hang of practicing setting up proportions, your child can solve a variety of problems without going back in circles.

Hope this explanation helps. Best of luck to you and your child.

The roots of the function f(x) = x2 – 2x – 3 are shown. What is the missing number?

x = –1 and x =

Answers

Answer:

x=3

Step-by-step explanation:

factoring

set to 0

What is the equation of this graphed line?



Enter your answer in slope-intercept form in the box.

Answers

Answer is highlighted in blue. If you have any questions feel free to ask.
We can find the slow by using the formula y2-y1/x2-x1. We have (-4, -6) and (2, 6). 6+6/2+4 is 12/6 which is 2. We need to put this into point slope form before putting this into slope-intercept form.

I will use the coordinates (2, 6).

y - 6 = 2(x - 2)

This gives us y - 6 = 2x - 4. We need to isolate y. This gives us y = 2x + 2.

I decided to use point slope form because it looks like the y-intercept is 2 and something tenths. However, the line is just off.

The answer is: y = 2x + 2

Marcus sleeps 60 hours a week this is 5 times as many hours as he plays chess. How many hours a week does Marcus play chess?

Answers

Answer: 12 hours a week

Step-by-step explanation:

60/5 = 12

Since he plays chess 5 times the amount of time he sleeps, simply divide the amount of time he sleeps by 5.

Correct me if I am incorrect.

7 x [(7 + 7) = 7
Help plz

Answers

Answer:

[tex] \frac{1}{14} [/tex]

Step-by-step explanation:

7 x (7+7)=7

7x [(14)]=7

x=

[tex] x = \frac{1}{14} [/tex]

is -74.58 an integer

Answers

yes it is. goodluck!

help pls and thank you​

Answers

Answer:

A. $10

Step-by-step explanation:

They make $10 profit an hour.

PLEASE HELP I WILL MARK YOU BRAINLEST!!!
please read the question on the photo and these are the choices bellow!!

A-translation, reflection
B- rotation, reflection
C-reflection, rotation
D-rotation, translation

Answers

Answer:

D.

Step-by-step explanation:

Consider the sequence: -7, -2, 3, 8…. What is f(7)?

Answers

You are adding by 5 in the sequence.
If f(1) is -7
f(2) = -2
f(3)= 3
f(4)=8
f(5)=13
f(6)=18
Therefore, f(7)=23

What is log Subscript 5 Baseline (4 times 7) + log Subscript 5 Baseline 2 written as a single log?

Answers

log5(4*7)+log5(2)=log5(28)+log5(2)=log5(56)

Answer:

Its D

Step-by-step explanation:

just took the test

Help me with these worksheets pls

Anything would help BUT PLS ANSWER IT CORRECTLY, If you don't know, just IGNORE THIS AND DON'T JUST COME FOR THE POINTS.

Answers

Answer:

1. yes

2.no

3.yes

4.no

5.yes

(GIVING BRAINLIEST AND EXTRA POINTS) A multiplication expression with a product of 108,064 is shown below. What is the missing digit?



2
3
4
5

Answers

Answer: The missing digit is 2.

Step-by-step explanation:

4,912*22= 108,064

in 2011 i sold 105276 tickets.
This is 7% less then the number of tickets i sold in 2018.

How many tickets i sell in 2018?

And

Show a check of your answer.

Answers

Answer:

sorry I don't know the answer of this

a. Morning rain showers dropped 1/3 of an inch of rain. Later that day, another storm passed through and dropped 1/8 inch of rain. How much more rain fell in the morning than in the afternoon?

Answers

Answer: 5in

Step-by-step explanation:

1/3x8/8=8/24

1/8x3/3=3/24

8-3=5

Bob purchased 2 hot dogs and 1 hamburger for S10. Later that day, Bob had to purchase more food and
Bot 1 hot dog and 3 hamburgers for S15. What were the prices of the hamburger and hot dogs?

Answers

Answer:

Hotdog: $3.00

Hamburger: $4.00

Step-by-step explanation:

For the first time that Bob buys food, we can make an equation to find how much a single hotdog and a single hamburger costs, where:

x = cost of a hotdog

y = cost of a hamburger

He bought 2 hotdogs and 1 hamburger for $10, so the equation for his first time buying food is:

2x + y = 10

For the second time buying food, he bought 1 hotdog and 3 hamburgers for $15, so his equation would be:

x + 3y = 15

To find the value for x and y we need to solve this system of equations using the two equations we just came up with. We can do this multiple ways, but I'll be demonstrating the substitution method.

Using the second equation, we can solve for x by simply subtracting 3y from both sides:

x = 15 - 3y

We can then insert this value of x into the first equation so that way we are only dealing with one variable to solve - y:

2(15-3y) + y = 10

Distribute out the 2 into the paratheses, combine like terms, and then solve for y:

30 - 6y + y = 10

30 - 5y = 10

-5y = -20

y = 4

This means the cost for one hamburger is $4. But we still need to find the price of one hotdog, so we can insert this value of y into the equation we came up with earlier for x, and then solve for x:

x = 15 - 3y

x = 15 - 3(4)

x = 15 - 12

x = 3

So the price of one hotdog is $3 and the price of one hamburger is $4. Hope this helps.

Please help!! Thank you!!!!

Answers

Answer:

total cost = 10 • months + 100

Step-by-step explanation:

The $100 application fee is extra, only needed to pay once. The $10 per month is multiplication. $10 • the number of months.

Sec one on your computer

I need help on this question

Answers

Answer:

Go download CameraMath on playstore

Solve the inequality and graph the solution.
j/4>2

Answers

Answer:

J=8

Step-by-step explanation:

Multiply 4 by 2 and then you get 8 and 8/4 is 2 so J = 8

sorry if im incorect

florida sales tax is 7%. How much money comes out of your pocket if u buy something for $100

Answers

Answer:

$7

Step-by-step explanation:

If you use "Is over of" the equation will be ?/100*7/100, therefore after simplifying your answer is $7

Brainliest would be appreciated! :-)

The answer you are looking for the Florida tax for $100 is 7$
Other Questions
Which sentence has the most informal style?\ When a hot metal cylinder is dropped into a sample of water, the water molecules whats the min idea because i dont really undertstand it how is biomimicry is used in companies help Plz answer I will make brainiest plzzz I need right answer ASAP!!!!! The terminal side of an angle in standard position passes through the point (3, 1). Calculate the exact values of the six trig functions for angle . The twins like ice cream (question tag) When testing a claim that the majority of adult Americans are against the death penalty for a person convicted of murder, a random sample of 491 adults is obtained, and 27% of them are against the death penalty (based on data from a Gallup poll). Find the P-value. Round to 4 decimals when necessary. You rent an apartment that costs $1600$1600 per month during the first year, but the rent is set to go up 11% per year. What would be the rent of the apartment during the 10th year of living in the apartment? Round to the nearest tenth (if necessary). solve for Y 3y =2(4-2y)+6 Match the image with the correct invention. Find the gravitational force between Earth (5.97 x 1024 kg) and the Sun (1.99 x 1030 kg) knowing they are 1.48 x 1011 m apart. In the standard (x, y) coordinate plane, what is thedistance between the origin and the point (,5 12) How is this poster an example of anti-German propaganda during World War I? The poster suggests that German women were weak. The poster states that Germans were cruel to animals. The poster portrays a German leader as an animal. The poster suggests that the German government was disorganized. HELP IVE BEEN STUCK ON THE SAME QUESTION NOBODY WILL HELP ME I CANT CALM DOWN HELP ME 23. Cost of Car $23,986 with a 5 year loan at 3% write 0.000046 in scientific notation pls help me asap !!!!! convert 360minutes to hour What is the average dance time per week for Suzette relative to her goal number of hours?Relative to Suzette's goal, her average dance time over the last five weeks is ____ hours.