How much interest would $1,000 earn in one year at a rate of 6%, compounded annually? What would be the new balance?

Please, help me!

Answers

Answer 1

Answer:

The investment will generate $ 60 in interest, with which the new balance will be $ 1060.

Step-by-step explanation:

To determine how much interest would $ 1,000 earn in one year at a rate of 6%, compounded annually, and what would be the new balance, the following calculations must be performed:

1000 x (1 + 0.06 / 1) ^ 1x1 = X

1000 x 1.06 ^ 1 = X

1000 x 1.06 = X

1060 = X

Therefore, the investment will generate $ 60 in interest, with which the new balance will be $ 1060.


Related Questions

Flight 101, headed straight north, climbed to 30,000 feet and started its cruising speed of 360 mph 10 miles south of the point directly above our location. Flight 222, headed straight west, already cruising at 30,000 feet at 300 mph, was 5 miles east of the point above us at that time. Clearly, the paths of the planes intersect directly above us. Do they collide? Parametrize the linear paths and give the times when they are at the intersection point. By how many seconds do they miss each other?

Answers

Answer:

The answer is "40 second".

Step-by-step explanation:

Flight 101 headed north straight, ascended to a speed of 30,000 feet, and began a 360 mph cruising speed 10 kilometers from the point above our place. Flight 222, heading right west, was at the same time five miles east of the above-used spot already at 30 000 feet at 300 mph.

[tex]flight\ 101: x=0;\\\\y-10 +360 t\\\\10=360 t\\\\t=\frac{1}{36} \ hrs\\\\flight\ 222: x=5-300t\\\\ y=0\\\\5=300 t\\\\t=\frac{1}{60} \ hr\\\\[/tex]

Their [tex]\frac{1}{36}-\frac{1}{60}=\frac{1}{90}\ hr=40[/tex]seconds are missing each other.

Four groups of some amount equals 52 in a algebraic equation

Answers

Answer:

where's the full question

Step-by-step explanation:


Morty spent $54 on tulips and roses and bought a total of 14 flowers. If tulips cost $5 and roses $3

Let t = number of tulips bought

Let r = number of roses bought

a) Write the system.

b) How many of each flower did Morty buy? (Solve the system)

Answers

Answer:

a) Let's define the variables:

t = number of tulips bought

r = number of roses bought

We know that each tulip costs $5, and each rose costs $3.

Then the total cost will be:

$5*t + $3*r

We know that Morty spent a total of $54, then we have the equation:

$5*t + $3*r = $54

We also know that he bought a total of 14 flowers, then:

r + t = 14

Then the system of equations is:

$5*t + $3*r = $54

r + t = 14

b) To solve the system, first, we need to isolate one of the variables in one of the equations. I will isolate r in the second one:

r = 14 - t

Now we can replace this into the other equation:

$5*t + $3*r = $54

$5*t + $3*(14 - t) = $54

Now we can solve this for t.

$5*t + $3*14 - $3*t = $54

$2*t + $42 = $54

$2*t = $54 - $42 = $12

t = $12/$2 = 6

t = 6

He bought 6 tulips.

Now we can use the equation r = 14 - t

r = 14 - 6 = 8

r = 8

He bought 8 roses.

Abeer sat a French test and a German test.
In the French test she scored 34 out of 50.
In the German test she scored 14 out of 20.
In which test did she do better?
You must show your working.

Answers

Answer:

German Test

Step-by-step explanation:

Find common denominator:

34/50=68/100

14/20=70/100

Therefore, Abeer did better on the German test as 14/20>34/50

the u.s. produces 5.39x 10​

Answers

The expression of 5.39 × 10⁷ metric tons in standard notation is; 53,900,000 metric tonnes

How to express exponents in standard notation?

We are given the quantity of wheat produced each year as 5.39 × 10⁷ metric tons.

Now, that quantity is in exponent form and the way to express it in standard notation is to expand the exponent which gives;

5.39 × 10⁷ = 5.39 * 10 * 10 * 10 * 10 * 10 * 10 * 10

⇒ 5.39 * 10000000

⇒ 53,900,000 metric tonnes

The complete question is;

The U.S. produces 5.39 × 10⁷ metric tons of wheat each year. Express that number in standard notation

Read more about Standard notation at; https://brainly.com/question/5756316

#SPJ1

The volume of a sphere is 5000x m . What is the surface area of the sphere to the nearest
square meter?

Answers

Answer:

Step-by-step explanation:600

What single percentage change is equivalent to a 11% decrease followed by a 13% decrease?

Answers

Answer:

77.43% decrease

Step-by-step explanation:

A decrease of 11% = (100 - 11)% = 89% = [tex]\frac{89}{100}[/tex] = 0.89

A decrease of 13% = (100 - 13)% = 87% = [tex]\frac{87}{100}[/tex] = 0.87

A 11% decrease followed by a 13% decrease has an overall change of

0.89 × 0.87 = 0.7743 × 100% = 77.43%

GIVING EVERYTHING IF CORRECT. NO MORE LINKS.

Answers

I think the answer is C

Gym A charges a registration fee of $75 plus $35.75 per month for members. Gym B charges a registration fee of $164 plus $17.95 for members. After how many months would the total cost at Gym A and Gym B be the same for members?

Answers

Five months
Reason: graph y=35.75x+75 and y=17.95x+164 and they connect in the middle of 253-254 for month 5

CAN SOMEONE LLEASE HELP ME IM SO LOST!!

Answers

Answer: 1324 in^2

Step-by-step explanation:

Write the slope-intercept equation of this line.

when the answers are

A. y=-2x-3
b. y=2x-5
c. y=-1/2x-5
d.y=-1/2x-3

Answers

Answer:

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

Step-by-step explanation:

Hi there!

Slope intercept form: [tex]y=mx+b[/tex] where m is the slope of the line and b is the y-intercept (the value of y when the line crosses the y-axis)

1) Determine the slope

The slope of a line is the same as its [tex]\frac{rise}{run}[/tex], or in other words, the number of units the line moves upwards over the number of units the line moves to the right.

In the graph, we can see that for every 2 units it moves right, it moves down 1 units. Therefore, our slope is [tex]-\frac{1}{2}[/tex]. This is negative since it is traveling downwards.

Plug [tex]-\frac{1}{2}[/tex] into [tex]y=mx+b[/tex] as m:

[tex]y=-\frac{1}{2} x+b[/tex]

2) Determine the y-intercept

In the graph, we can see that the line crosses the y-axis when y is equal to -3. Plug -3 into [tex]y=-\frac{1}{2} x+b[/tex] as b:

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

I hope this helps!

D

Used desmos graphing calculator


Sofia asked 50 students at her school whether they prefer music class or art class as an
elective. This table shows the relative frequencies from the survey.

Answers

Answer:

1 and 4

or say it as

More seventh graders prefer art class to music class as an elective

There is no association between a student's grade level and the electives they prefer

Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this is not always possible. An analysis of the amount of interest paid monthly by a bank's Visa cardholders reveals that the amount is normally distributed with a mean of 27 dollars and a standard deviation of 8 dollars.
A. What proportion of the bank's Visa cardholders pay more than 32 dollars in interest?
B. What proportion of the bank's Visa cardholders pay more than 40 dollars in interest?
C. What proportion of the bank's Visa cardholders pay less than 19 dollars in interest?
D. What interest payment is exceeded by only 19% of the bank's Visa cardholders?

Answers

H⁣⁣⁣⁣ere's l⁣⁣⁣ink t⁣⁣⁣o t⁣⁣⁣he a⁣⁣⁣nswer:

bit.[tex]^{}[/tex]ly/3a8Nt8n

What is the measure of angle XYZ?

Answers

Answer:

63degrees

Step-by-step explanation:

Using the theorem which states that the measure of angle at the vertex is half the angle of its intercepted arc.

Given

angle of its intercepted arc = 126 degree

Required

angle at the vertex = x =<XYZ

According to the theorem;

x = 1/2(126)

x = 126/2

x = 63

Hence the measure of <XYZ is 63degrees

01:09:23
What is the radius of this circle if the circumference is 18 cm?
0
3 cm
9 cm
18 cm
36 cm

Answers

Answer:

The formula for circumference of a circle is

2pi,R.

In which R= radius. Then we Insert 18 in for the circumstances.

so, 18=2πr

then solving for r

18=2

÷. ÷

2. 2

R = 9,,

A triangular prism is shown.
What is the surface area of the triangular
prism?

Answers

Answer:

Area= 840

Step-by-step explanation:

Area= (20x13)x2+(10x12x1/2)x2+10x20

=520+120+200

=840

Area=Two area of the triangle [13x20] + Two area of the rectangle + Under area (rectangle)- [10x20]

Which of these describes the transformation of ∆XYZ to ∆X᾿Y᾿Z᾿?

Answers

9514 1404 393

Answer:

  A.  translation 8 left

Step-by-step explanation:

Points X'Y'Z' are in the same clockwise order as points XYZ, so no reflection is involved.

Point X' at -6 is 8 units left of point X at 2. ΔXYZ has been translated left 8 units to make ΔX'Y'Z'.

Answer:

a is the answer.

Step-by-step explanation:

A circle passes through the points (3,2) and (7,2) and has radius 2√2. Find the two possible equations for this circle

Answers

Answer:

18 because of its addition

Step-by-step explanation:

πr²=3+2+7+2+2+2

=5+9+4

=18

The new floor in the school cafeteria is
going to be constructed of square tiles that
are either gray or white and in the pattern
that appears below. What is the ratio of

Answers

Answer:

Step-by-step explanation:

18 tiles and 10 shaded in

PLEASE LOOK AT PICURE THEN ANWSER, WHOEVER IS CORRECT I WILL MARK BRAINIEST :)

Answers

The answer is A. Hope u get it right

Could you please answer? I'm on a big test

Answers

The answer is the second option, B

Answer:

it is option C

Step-by-step explanation:

download  to help your work

1/ a cube and b to the power 4

If the maximum of a data set is 50 and the minimum of the set is 10, what is the range?

Answers

Answer:

40

explanation:

The range is the difference between the smallest and highest numbers in a list or set. To find the range, first put all the numbers in order. Then subtract the lowest number from the highest. The answer gives you the range of the list.

Helppp plssssssssssss

Answers

Answer:

The answer is C

Step-by-step explanation:

If you plot them carefully.

How could you design an experiment to support the claim that people who watch television for at least 2 hours every night have lower energy in the evening than people who do not watch as much television Include any factors or steps that should be considered .​

Answers

Step-by-step explanation:

Several ways in which television can disrupt or alter sleep patterns:

The blue light emitted by screens can interfere with your brain’s production of melatonin at night, making it harder for you to fall asleep. Exciting or disturbing content can switch your mind into high gear, making it harder to wind down, and harder to sleep deeply. The timing of television viewing may push back bedtime and contribute to sleep disturbances -- including sleep-related anxieties and difficulty falling asleep. Having a television in the bedroom can undermine your ability to sleep well. Extended viewing may lead to sleep loss, poor quality sleep, and daytime tiredness.

People who don't watch Television won't have these problems.

The prices (in dollars) for a particular model of digital camera with 6.0 megapixels and an optical 3X zoom lens are shown below for 10 online retailers. Estimate the true mean price for this particular model with 93% confidence. Assume the variable is normally distributed. Use a graphing calculator and round the answers to at least one decimal place.
225 236 217 202 231 185 193 185 245 217

Answers

Solution :

Let [tex]$x_i$[/tex] represents the prices for the digital camera.

              [tex]$x_i$[/tex]                   [tex]$x_i^2$[/tex]

           225              50625

           236              55696

            217               47089

           202              40804

           231               53361

           185               35225

           193               37249

           185               34225

           217               47089

[tex]$\sum x_i = 2136$[/tex]       [tex]$\sum x_i^2 = 460388$[/tex]

Mean, [tex]$(\overline X) = \frac{\sum x_i}{n}$[/tex]

                 [tex]$=\frac{2136}{10}$[/tex]

                 = 213.6

Variance, [tex]$\sigma^2 = \frac{\sum x_i^2}{n}-(\overline X)^2$[/tex]

                     [tex]$ = \frac{460388}{10}-(213.6)^2$[/tex]

                    = 46038.8 - 45624.96

                    = 413.84

Therefore, standard deviation,

[tex]$\sigma = \sqrt{Var}$[/tex]

   [tex]$=\sqrt{413.84}$[/tex]

   = 20.343

Now to find the 93% confidence interval, the formula us

[tex]$(\overline X)\pm (z) \times \frac{\sigma}{\sqrt{n}}$[/tex]

For 93%, the value of z is 1.81

∴ Confidence interval = [tex]$(\overline X)\pm (z) \times \frac{\sigma}{\sqrt{n}}$[/tex]

C.I. = [tex]$213.6\pm 1.81 \times \frac{20.343}{\sqrt{10}}$[/tex]

      [tex]$=213.6 \pm 11.6438$[/tex]

Therefore, lower bound = 213.6 - 11.6438

                                        = 201.9562

                  Upper bound = 213.6 + 11.6438

                                         = 225.2438

∴ [tex]$201.9562 < \mu < 225.2438$[/tex]

or [tex]$202< \mu < 225.2$[/tex]

       


Pls help me with this

Answers

Ur answer would be D! Hope that helps

Add or Subtract to Simplify:
(4x - 2x3) + (5x3 - 4x + 5)
I need the answer ?

Answers

Answer: =3x^3+5

Step-by-step explanation: Hope this help :D

Find the solution set of the inequality:

82 + 2 > 34

SOMEONE PLS HELP

Answers

Answer:

82+2>34

84>34

True

I hope this helps :)


In a class of 7, there are 3 students who have done their homework.
If the teacher chooses 3 students, what is the probability that none of the three of them have done their
homework?
Choose 1 answer:
2/37
6/41
ОООО
5/29
4/35

Answers

Answer:

4/35

Step-by-step explanation:

Probability of 1 student having no hw is 4/7, then 3/6, then 2/5

4/7 x 3/6 x 2/5 reduces to 4/35

Which statement can be used to find X

Answers

Answer:

it's letter D. cos 16⁰=²¹--x

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