If sally invests $400 into the Bank of Reyonds that offers her a 6% interest, compounded monthly, how much money will she have in the bank in 5 years?

Answers

Answer 1

Given:

Principal = $400

Rate of interest = 6% compounded monthly

Time = 5 years.

To find:

The amount in the bank after 5 years.

Solution:

The formula for amount is:

[tex]A=P\left(1+\dfrac{r}{n}\right)^{nt}[/tex]

Where, P is principal, r is the rate of interest, n is the number of time interest compounded in an year and t is the number of year.

Interest compounded monthly. So, [tex]n=12[/tex].

Putting [tex]P=400, r=0.06, n=12[/tex] and [tex]t=5[/tex], we get

[tex]A=400\left(1+\dfrac{0.06}{12}\right)^{12(5)}[/tex]

[tex]A=400\left(1+0.005 \right)^{60}[/tex]

[tex]A=400\left(1.005 \right)^{60}[/tex]

[tex]A\approx 539.54[/tex]

Therefore, the amount of money in the bank after 5 years is $539.54.


Related Questions

what is equvalint to 1/2a-4

Answers

If your doing ireadys the answer is 1/2(a-8 but no negative 8 it’s just original 8

Which values for A and B will create infinitely many solutions for this system of equations? A x minus y = 8. 2 x + y = B.

Answers

Answer:

A = -2

B = -8

Step-by-step explanation:

A system of equations has infinitely many solutions when both equations are exactly the same equation, then both graphs intersect in infinitely many points, meaning that the system has infinitely many solutions.

Then if we have the equations:

A*x- y = 8

2*x + y = B

We want to find A and B such that both equations are exactly the same thing.

Notice that in the first one we have negative y, while in the second we have positive y.

Then A needs to be minus the coefficient that multiplies x in the other equation, this means that:

A = -2

And B needs to be minus the corresponding therm in the other equation, then B = -8.

Then the system becomes:

-2*x - y = 8

2*x + y = -8

We can see that one equation is -1 times the other, so if we write both of them as linear equations in the slope-intercept form, we get:

y = -8 - 2*x

y = -8 - 2*x

So both equations are exactly the same thing, meaning that we have infinitely many solutions.

PLEASE HELP ASAP PLEASE​

Answers

The Answer is: 224 m3

Keith needs to build a bridge to go across a pond. He has been able to collect the following measurements. About how long does this bridge need to be​

Answers

Answer:

[tex]\Huge\boxed{11.9}[/tex]

Step-by-step explanation:

Hello There!

Basic Concepts

Geometry

Once again we are going to need to use trigonometric ratios to solve for a missing side length (the length of the bridge)

Here are the trigonometric ratios

Sine - Opposite over Hypotenuse

Cosine - Adjacent over Hypotenuse

Tangent - Opposite over Adjacent

For the angle that has a measure of 50 degrees

we are given its adjacent side length and we need to find its opposite

When working with the opposite side length and adjacent side length we use the trigonometric ratio tangent

Knowing which trigonometric ratio we are going to use we have to create an equation

Remember tan = opposite over adjacent

So we plug in the given information and solve for the missing information ( In this case the opposite side length)

[tex]tan(50)=\frac{x}{10}[/tex]

Basic Algebra

Now we solve for x

Like always we want to isolate the variable

First we want to get rid of the 10

x is being divided by 10 and the inverse of division is multiplication

So we multiply each side by 10

[tex]tan50*10=10tan50\\\frac{x}{10} *10=x\\[/tex]

now we have

[tex]10tan50=x\\[/tex]

finally we plug in 10tan50 into a calculator to get the value of x

we get that x = 11.91753594

Our last step is to round to the nearest tenth

We can conclude that the answer is 11.9

The bridge needs to be 11.92 feet long by calculating the tangent of the given angle.

What is tangent of an angle?

Tangent of an angle in a right-angled triangle is the ratio of the height to the base of the triangle.

Let, the bridge is x ft. long.

Therefore, tan 50° = [tex]\frac{x}{10}[/tex].

⇒ x = 10 × tan 50°

⇒ x = 10 × 1.192

⇒ x = 11.92

Therefore, the bridge is 11.92 ft. long.

Learn more about tangent of angle here: https://brainly.com/question/14346186

#Tag #SPJ2

Suppose you want to put trim around the floor of a rectangular room.
The room is 7 by 11 feet. If a foot of trim costs $6, how much will the
trim cost altogether?

Answers

Answer: $108
Explanation: 7x6 = $42 + 11x6 = $66
It would be 4 sides not 2.
7+7 = 14
11+11 = 22
14 x 6 = 84
22 x 6 = 132
132 + 84 = 216
The trim costs $216

36 is 18% of what number?

Answers

Answer: 200

Step-by-step explanation: 36 by 100 and then divide the total by 18 as follows: (36 x 100) / 18 For 200

Answer:

200

Step-by-step explanation:

:/

I hope

1÷1+cosa+1÷1_cos a please solve question​

Answers

ok so THIS IS UR ANSWER I THINK PLEASE MAKE ME BRAINLIEST

Plz Help I will give Brainliest

Answers

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Answer: 8.6 Ft^2

Explanation:

First find the area of the WHOLE square in FEET

2.5 x 4.5 = 11.25 ft

Then we need to find the area of the circle

r = radius

The formula is A = 3.14r^2

The radius is .9166, we can tell because the total distance from top to bottom is 22in meaning 1.83333 ft, meaning the diameter is 1.8333, then to get the radius we cut that in half.

A = 3.14(.9166^2

A = 2.64 Ft

Now we need to find the new total area

11.25 - 2.64 = 8.61 in ^2

Now we need to convert it to the nearest tenth of a square foot

8.6 Ft^2

I hope this helped  !

<!>   Brainliest is appreciated! <!>

-  Zack Slocum

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Every year, a car loses 15% of the value it had the year before. If the car's initial value is $ 24,000, then how long will it take for the car to be worth half of its value?

Answers

Answer:

4.62 years

Step-by-step explanation:

Half the car's value =>$24,000/2 = $12,000

The formula for exponential decrease =

y = a(1 - r)^t

y = Initial value = $24,000

a = Value after time t = $12,000

r = Decrease rate = 15% = 0.15

t = time in years =??

Hence,

24,000 = 12000 ( 1 - 0.15)^t

Divide both sides by 12000

24000/12000 = 12000 ( 0.85)^t/ 12000

2 = 0.85^t

We take the logarithm of both sides

log 2 = log (0.85)^t

log 2 = t log 0.85

Divide both sides by log 0.85

t = log 2/log 0.85

t = 4.62098120373 years

Approximately = 4.62 years

It would take 4.62 years to be worth half the initial price

In the early 2016 there were about 80 devils living on Maria island.Of that total, 75% are offspring from the previous two breeding seasons. How many are offspring

Answers

Answer: 60 devils

Step-by-step explanation:

Question wants to know the number of offspring from the two previous breeding seasons.

There are 80 devils on the island. 75% of this 80 are from previous breeding seasons.

We need to find this 75% in whole numbers:

= Percentage of devils from previous seasons * Total number of devils

= 75% * 80 devils

= 60 devils

i need help with this question

Answers

Answer:

(C). [tex]\frac{22\pi }{3}[/tex] yd.

Step-by-step explanation:

The Cougars basketball team sold tins of flavored popcorn as a fundraiser. The players competed for prizes to see who could sell the most tins. This box plot shows the results.
Popcorn tins sold

What fraction of the players sold between 8 and 16 popcorn tins?

Answers

Answer:

1/2 percent

Step-by-step explanation:

If you look at the box, the middle number is 12 or since its the middle "1/2"

so the fraction would be 1/2, hope this helped.

The fraction of the players sold between 8 and 16 popcorn tins 1/2 percent.

We have given that,

The players sold between 8 and 16 popcorn tins,

If you look at the box, the middle number is 12, or since it's the middle 1/2.

What is the fraction?

Fractions represent equal parts of a whole or a collection. Fraction of a whole When we divide a whole into equal parts, each part is a fraction of the whole.

So the fraction would be 1/2, hope this helped.

The fraction of the players sold between 8 and 16 popcorn tins 1/2 percent.

To learn more about fractions visit:

https://brainly.com/question/78672

#SPJ2

2. 3. Edward bikes the same route to and from school each day. After 28 school days, he bikes a total distance of 389.2 miles. a. Estimate how many miles he bikes in one day.

Answers

Answer:

Step-by-step explanation:

Estimate usually means "Don't use a calculator." An estimate would be 30 days and 390 miles. That makes 13 miles / day. I get the feeling that is not what is wanted.

miles / day = total distance / number of days

miles / day = 389.2 / 28

miles / day = 13.9 miles per day.  I don't know which answer to use. I'd try this one first and then use the top one.

389/ 28 = 13.89
Round to 14 miles per day

The area of a rectangle is x2 - 6x – 27 and the length is
X - 9. What is the width?

Answers

Width is x - 3

A
=
x
2
+
6
x

27
=
(
x
+
9
)
(
x

3
)

the width is x - 3

~iwa-chan

PLEASE ANSWER FAST AS POSSIBLE I HAVE 40 LESSONS DUE BY 12 PM :(

Answers

Try B, hope that helps :)

Answer: B

Step-by-step explanation: Skeletons serve as a scaffold which supports organs, anchors muscles, and protect organs such as, the brain, lung, heart, and spinal cord.

What is the median of the data set shown: 18,21,22,24,28,30,31,32,36,37

Answers

29
Step 1: Add the two middle numbers (28+30)
Step 2: Divide the sum by 2 (58/2=29)

Answer: 27.9

Step-by-step explanation:

Add all the numbers together and divide it by how many number there is so

all the numbers added together is 279

there are 10 numbers there so you divide 279 by 10 and it gives you 27.9

Right answer gets brainlist

Answers

3 positive 1 positive

Step-by-step explanation:

D goes 3 units right and it get to 3 Positive and then two units down gets you to 3 Positive and 1 Positive 3,1

Someone pls help im new tysm if you do!

Answers

Answer:

-24 is your answer<3.....

the parenthess are just multiplication, so 6*-4 is -24

What is the value of x in the figure? Enter your answer in the box.

Answers

Answer:

x = 65°

Step-by-step explanation:

these are vertical angles, which are congruent

145 = 2x + 15

130 = 2x

65 = x

what is the measure of the complement of a 67 degree angle?

Answers

Answer:

23°

Step-by-step explanation:

Complement angles are two angles that add up to 90°.

Since we’re given that one of them is 67°, the other one must add up to 90°

90 - 67 = 23

The other angle is 23°

Answer:

the complement of 67° is the angle that when added to 67° forms when a right angle (90°)

if PQ and PR are tangent to circle S,find PQ

Answers

Answer:

From one point, you can draw two tangents to a circle. These two tangents will be equal.

Step-by-step explanation:

7x - 24 = 57 - 2x.

Rearrange the numbers (by adding 2x and 24 on both sides), we get:

7x+2x = 57 + 24

9x = 81.

x = 9.

Length of PQ = 57-2x = 57 - 18 = 39

If PQ and PR are tangent to circle S, then the value of PQ is 39.

What is tangent?

"A line that touches the circle at a single point is known as a tangent to a circle."

What is circle?

"A circle is a shape consisting of all points in a plane that are at a given distance from a given point, the centre."

P is the exterior point of a circle.

PQ and PR are the tangents to circle S.

According to theorem,

The lengths of the tangents drawn from a same external point to a circle are always equal.

7x - 24 = 57 - 2x

7x + 2x = 57 + 24

9x = 81

x = 9

PQ = 7x - 24

PQ = 7(9) - 24

PQ = 63 - 24

PQ = 39

Hence, the value of PQ is 39.

To learn more about tangent of a circle here

https://brainly.com/question/23265136

#SPJ2

A milky way candy bar has a height of 2.4 cm, a width of 3 cm, and is 6 cm long.
What is the volume of the candy bar?

Answers

Answer:

V=lbh=2.4×3×6=43.2cm^3

GIVEN

We are given a candy batband we are given its dimensions

height = 2.4cmwidth= 3cmlength= 6cm

TO FIND

We need to find it's volume

Volume of a cuboid is given by l×b×h

SOLUTION

Volume = length × breadth × height

Volume = 2.4 × 3 ×6

Volume = 43.2 cm^3

There are 68 marbles in a bin and 50% of the marbles are red.
How many red marbles are the bin?
There are
red marbles in the bin. .

Answers

Answer:

34 because 50 percent of 68 is 34

Answer:

There are 34 red marbles in the bin

Step-by-step explanation:

50% is basically 1/2. So half of 68 is 34.

-0.6 ÷ 3/4
1. 0.8
2. -0.8
3. -0.15
4. 0.15​

Answers

You answer is the second one which is -0.8

Factor completely
16x^2y^4z^3+33xy^8z^5​

Answers

Answer:

xy^4 z^3 ( 16x + 33y^4 z^2)

Step-by-step explanation:

step 1 : see what variable you can take out , start with x see if there is x in the left and right side. and how many time you can take it out

next y same thing and then last z

with x = left side you x^2 and right side you have x = so u can take x out once left you with x

with y = left side y^4 and right side y^8 so you can take out y ^4 out left you with y^4

with z = left side z^3 and right side z ^5 you can take out z^3 left you with z^2

A pizza parlor is creating a questionnaire to survey customers about their satisfaction with the taste of their pizzas. Which questions would be considered good questions to include on the survey?

Answers

Answer:

On a scale of 1 to 10, how satisfied are you with the taste of our pizzas?

Would you recommend our pizzas to your friends and neighbors? Please answer either yes or no.

Step-by-step explanation:

Total surface area??

Answers

Answer:

total area = 207 cm²

Step-by-step explanation:

base area = 9 x 9 = 81

side area = 1/2(9)(7) = 31.5 x 4 (for 4 sides) = 126

81 + 126 = 207 cm²

How would you describe slope 0/-5? Brainliest for best answer!!!

A. positive
B. negative
C. 0
D. does not exist.​

Answers

im pretty sure its c

what do u do when your teacher comments this in a assighnment?."I can't accept this. It is clear that you copied and pasted from the internet. I will give you another chance to do it correctly - using your own thoughts, not the internet." T_T my teacher found out ......:((

Answers

Answer:

Deny. Deny. Deny.

Step-by-step explanation:

Say how crazy the similarities are but you genuinely wrote what came to mind and you did not even look up the topic online. If that fails just grovel and come up with a sob story so they are no so harsh. Hope this helps <3

Paul had 3.8 pounds of bananas and 2.1 pounds of apples. About how much fruit does he have in all?​

Answers

Answer:

5.9 pounds

Step-by-step explanation:

3.8 + 2.1 = 5.9

Other Questions
make a number line and show all values of that x that x < -1 and x > 1 PLSSS ANSWER NOWWWwhy is the mitochondria and the brain alike? Analyze: 30 + 11 when c=4 Isabelle was curious if sample maximum was an unbiased estimator of population maximum. She startedwith a large normally distributed population of test scores whose maximum was 99 points.She then took a random sample of 6 tests and calculated the maximum of the sample. She replaced thosetests and repeated this process for a total of 40 trials. Her results are summarized in the dotplot below,where each dot represents the maximum score from a sample of 6 tests.HHHHU7580859095100Sample maximum Find the values of x and y that make these triangles congruent by the HL Theorem What does it mean for a virus to "infect" a cell?Tir11The virus lands on the outside of the cell and remains there until the cell produces more viruses.The virus lands on the outside of the cell and eats proteins on the surface of the cell.The virus lands on the outside of the cell and injects its genetic material into the cell.The virus lands on the outside of the cell and injects its proteins into the cell. I WILL GIVE BRAINLIEST Which frequency table shows the test times in minutes) for a reading test?81, 63, 61, 58, 72, 70, 79, 68, 82, 64, 54, 82, 72, 63, 64, 76, 57, 65, 73, 58 The governor has proposed to clean up all the trash on the side of the highway. The project is estimated to cost the tax payers and additional $15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in $12,000 of revenue from the highway being cleaned. Should the governor continue with the project Mario Works in a bakery He made 90 more loaves of bread on Saturday then he did on Sunday he made 70 more loaves of bread on Monday that he did on Sunday if he made 340 loaves off Bread on Monday how many lobes are friendly do you make on Saturday Forests are crucial to the health of our planet because they __________. A. Can easily be cut down to make room for agriculture and cattle grazing B. Provide homes for species of plants that are used to make medicines C. Clean and protect the atmosphere by absorbing carbon dioxide and releasing oxygen D. Provide fuel and lumber for houses and industries Giselle uses 2 ounces of pasta to make 2 over 3 of a serving of pasta. How many ounces of pasta are there per serving Together Mike and Sara ran 42 laps on thetrack. Sara ran twice as many laps asMike did. Write a system of equations andsolve it to see how many laps they each ran. 30. what are 4 poetic sound devices in the song Drivers License? If u help I give brainliest Which of the following contributed to Nigerias independence movement?A)African UnionB)ImperialismC)ApartheidD)Pan-African Movement 1. What is the decimal equivalent of 3/9? 0.2 0.3 0.4 0.5 Leslie invest 42,000 into an account that pays 7%compounded weekly. How much is the account worth after 5 years? By 850 B.C.E., the Nubians had thrown off Egyptian rule and formed an independent kingdom called ..... Find the apothem or height of the triangle. Round your answer at the end to the nearest tenth. He works in______.They make the screen for computer. a. screen computer factory b. factory screen computer c. computer screen factory d. Hardware Dr. Molar is the best dentist in town. 60% of his paitents are female. He has 120 female paitents. How many paitents does he have in all?