If you deposit $300 in an account with a 6% interest rate, how much will be in your account after 1 year? $


If you leave this money in the account, how much will be in your account after 2 years?

Answers

Answer 1

Answer:

336

Step-by-step explanation:

The first year added $18 so just double the lat 2 digits

Answer 2

The amount $300 after 1 year and 2 year become $318 and $337.08 respectively.

It is given that the deposit amount is $300 in an account with a 6% annual interest rate.

It is required to find the money after 1 year and 2 year.

What is compound interest?

It is defined as the interest on the principal value or deposit and the interest which is gained on the principal value in the previous year.

We can calculate the compound interest using the below formula:

[tex]\rm A= P(1+r)^t[/tex]

Where A = Final amount

          P = Principal amount

          r  = annual rate of interest

          t = How long the money is deposited or borrowed (in years)

We have P = $300

               r = 6% = 0.06

               t = 1 years

Putting the values in the formula, we get;

[tex]\rm A= 300(1+0.06)^1\\\\\rm A = 300(1.06)\\\\\rm A = \$318[/tex]

After 2 year:

[tex]\rm A= 300(1+0.06)^2\\\\\rm A = 300(1.06)^2\\\\\rm A = \$337.08[/tex]

Thus, the amount $300 after 1 year and after 2 year become $318 and $337.08 respectively.

Learn more about the compound interest here:

brainly.com/question/26457073


Related Questions

T m = the number of minutes it will take Beck to finish his homework. Choose the equation that can be used to find the solution to the problem

Answers

Answer:

[tex]0.3 m = 12[/tex]

Step-by-step explanation:

See comment for complete question

Given

30% in 12 minutes

Required

Time to complete the homework

From the question: m represents the required minutes

This implies that:

[tex]30\% * m = 12[/tex]

Convert to decimal

[tex]0.30 * m = 12[/tex]

[tex]0.3 m = 12[/tex]

Hence:

The equation is: [tex]0.3 m = 12[/tex]

The half-life of a certain radioactive material is 83 hours. An initial amount of the material has a mass of 67 kg. Write an exponential function that models the decay of this material. Find how much radioactive material remains after 5 hours. Round the answer to the nearest thousandth.​

Answers

Answer:

Initial amount of the material is 67 kgHal-life is 83 hours

The required equation is:

m(x) = 67 * [tex](1/2)^{x/83}[/tex], where m- remaining amount of the radioactive material, x - number of hours

After 5 hours the material remains:

m(5) = 67 * [tex](1/2)^{5/83}[/tex] = 64.260 (rounded)

What is the cosine of angle P?

Answers

The cosine of an angle is defined as the sine of the complementary angle. The complementary angle equals the given angle subtracted from a right angle, 90°. For instance, if the angle is 30°, then its complement is 60°. Generally, for any angle θ, cos θ = sin (90° – θ).

The cosine is the ratio of the base and hypotenuse. Then the value of the cosine of angle P will be q / r.

What is trigonometry?

The connection between the lengths and angles of a triangular shape is the subject of trigonometry.

The right-angle triangle PRQ is given in which angle R is a right angle.

Then the value of the cosine of angle P will be

The cosine is the ratio of the base and hypotenuse.

Then we have

cos P = q / r

More about the trigonometry link is given below.

https://brainly.com/question/22698523

#SPJ2

Write the inequality to represent the graph.

Answers

Answer:

x > -1

Step-by-step explanation:

Open circle so the sign is not inclusive. The point is at -1 and goes to the right so it is more than.

Please help me!!!!!!

Answers

Answer: 72.5

Step-by-step explanation:

The average of 2 points is the midpoint so if I add 70 and 75 to get 145 and divide by the number of numbers which is 2 I get 72.5

The time spent watching television in hours on a daily basis of eight different people was used to create the box plot shown above. Which of the sets of times below matches the given box plot? A. Time Watching Television: 1, 2, 2, 2, 3, 4, 4, 5 B. Time Watching Television: 1, 2, 2, 3, 3, 3, 4, 5 C. Time Watching Television: 1, 2, 2, 2, 3, 3, 4, 5 D. Time Watching Television: 1, 1, 1, 2, 3, 3, 4, 5

Answers

a time watching television d

Select the correct answer.
A machining company needs to manufacture more than 20 fixtures in a day. The company uses five identical machines to make the fixtures. If each machine produces x fixtures, which inequality represents this situation?
A.
5x > 20
B.
5x < 20
C.
5x > 20 + 5
D.
5x < 20 + 5

Answers

Answer:

I thinks its D.

Step-by-step explanation:

if it takes Jake 5 minutes to do 1 3rd of a mile how much miles would he do in a hour ​

Answers

Answer:

4

Step-by-step explanation:

it takes 15 mins to do 1 mile (3 times 5) and 60 mins divided by 15 would be 4 . so 4 miles

Select the expression that has a value of 23.

6 + (9 x 3) ÷ 3 + 8
(6 + 9) + 3 ÷ 3 + 8
6 + 9 x 3 ÷ (3 + 8)
(6 x 9 x 3) ÷ 3 + 8

Answers

i believe the first one which is:
6 + (9 x 3) ÷ 3 + 8
I think its the first choice, the other choices dont seem right to me

What is 5% of 700

Need ASAP

Answers

Answer:

35

Step-by-step explanation:

Answer:

The answer is 35

Step-by-step explanation:

all i did was multiply 5% by 700

Help! Check if my answer is right please, I’m marking brainliest!!!

A. 46.1
B. 50.1 - (my answer)
C. 76
D. 54.2

Show work, if possible. Thanks❤️

Answers

Answer:

its B

Step-by-step explanation:

I NEED HELP ASAP I ONLY HAVE 10 MINUTES LEFT!!!!

The average newborn baby weighs 7.0 pounds, give or take 1 pound. The average newborn hippopotamus weighs 40 pounds, give or take 1 pound. Which statement is true about the percent error of each of the two newborns?
a. A newborn baby has a smaller percent error
b. A newborn hippopotamus has a smaller percent error
c. Both newborns have the same percent error
d. There is not enough information to decide

Answers

Answer:

B

Step-by-step explanation:

since the average newborn hippopotamus has a larger weight, if you give or take one pound, the percent error will not make as much of a difference as it would with the weight of an average newborn baby (7 pounds). therefore, a newborn hippopotamus has a smaller percent error.

Camden is going to invest $600 and leave it in an account for 12 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for Camden to end up with $920?

Answers

Answer:

320 i think lol

Step-by-step explanation:

Answer:

3.56

 

Step-by-step explanation:

The vertex of a parabola is (-1, -8) and the zeros are (-5, 3) Determine the equation of the parabola in standard and factored form

Answers

Answer:

Part A

The equation of the parabola in standard form is f(x) = 0.5·x² + x - 7.5

Part B

The equation of the parabola in factored form is f(x) = 0.5·(x + 5)·(x - 3)

Step-by-step explanation:

The coordinates of the vertex of the parabola, (h, k) = (-1, -8)

The zeros of the parabola = -5, 3

Part A

The quadratic equation representing the parabola can be written as follows;

y = a·(x - h)² + k

The standard form of the equation is f(x) = a·x² + b·x + c

k = c - b²/(4·a)

h = -b/(2·a)

c = k + a·h² = -8 + a

From the zeros of the parabola, we have;

f(-5) = a × (-5)² + b×(-5) + c = 25·a - 5·b + c = 0

f(3) = a × (3)² + b×(3) + c = 9·a + 3·b + c = 0

Therefore, we have;

25·a - 5·b + c = 0...(1)

9·a + 3·b + c = 0...(2)

From which we have;

25·a - 5·b + c = 25·a - 5·b - 8 + a = 26·a - 5·b - 8 = 0

9·a + 3·b + c = 9·a + 3·b - 8 + a = 10·a + 3·b - 8 = 0

We then have;

26·a - 5·b = 8...(3)

10·a + 3·b = 8...(4)

Making 'b', the subject of both equations (3) and (4), equating the values, we find the value of 'a' as follows;

From equation (3), we have;

26·a - 5·b = 8

∴ b = (26·a - 8)/5

From equation (4), we have;

10·a + 3·b = 8

∴ b = (8 - 10·a)/3

From b = b, by transitive property, we have;

(26·a - 8)/5 = (8 - 10·a)/3

3 × (26·a - 8) = 5 × (8 - 10·a)

78·a - 24 = 40 - 50·a

∴ 128·a = 64

a = 64/128 = 1/2 = 0.5

a = 0.5

∴ b = (26·a - 8)/5 = (26 × 0.5  - 8)/5 = (13 - 8)/5 = 1

b = 1

c = -8 + a

∴ c = -8 + 0.5 = -7.5

c = -7.5

The equation of the parabola in standard form is therefore presented as follows;

f(x) = 0.5·x² + x - 7.5

Part B

The equation of the parabola in factored form is given as follows;

With the aid of a graphing calculator, we have;

f(x) = 0.5·x² + x - 7.5 = 0.5×(x² + 2·x - 15) = 0.5·(x + 5)·(x - 3)

The equation of the parabola in factored form is f(x) = 0.5·(x + 5)·(x - 3)

The person who can come up with a good caption for either photo gets brainliest

Plz don't joke This is for school

Answers

Answer:

One hour’s sleep before midnight is worth three after.

Answer: You may laugh or whatever but for that london one

Step-by-step explanation:

A beautiful city of night.

In order to become a member of the library all star members club there is a $40 signup fee and a $2 monthly fee

Answers

Answer:

do you need an equation? if so it would be 2x+40

Step-by-step explanation:

54-1/7 y i = 9x -4 help

Answers

Let's solve for i.

54−(

1

7

y)(i)=9x−4

Step 1: Add -54 to both sides.

−1

7

iy+54+−54=9x−4+−54

−1

7

iy=9x−58

Step 2: Divide both sides by (-y)/7.

−1

7

iy−y7=

9x−58−y7i=

−63x+405y

Answer:i=

−63x+406y

I NEED HELP PLEASE Which is the better buy?

14 rolls of paper towels for $18
or
10 rolls of paper towels for $12

what is the unit rate for the 14 roll option

Answers

Answer: The second one, 10 rolls for $12. 1.29 (Rounded)

Step-by-step explanation:

14/18 is 1.29 (Rounded)

10/12 is 1.20.

The unit rate is cheaper, therefore making it the better buy

The 10 roll option is better:
Make both numbers of rolls 140 (14x10 and 10x14)
Do the same with the dollars:
10 roll option: $168 but 14 roll option: $180
Bottom option is better

(m - 8) ÷ 2 in standard form (no links)

Answers

Answer:

1/2m - 4

Step-by-step explanation:

PLEASE HELP ITS DUE BY 11!! I NEED ALL QUESTIONS SOLVED AND I WILL MARK BRAINLIEST

Answers

I’ve attached my work!
X=15 than you just plug it in for each angle

Answer:

∠A = 60°

∠B = 42°

∠C = 78°

Step-by-step explanation:

∵ In a triangle, sum of all the three interior angles is 180°

∴ m∠A + m∠B + m∠C = 180°

∴ (4x)° + (3x - 3)° + (5x + 3)° = 180°

∴ (4x + 3x - 3 + 5x + 3)° = 180°

∴ (12x)° = 180°

∴ 12x = 180

∴ x = 180/12

∴ x = 15

∠A = (4x)° = (4× 15)° = 60°

∠B = (3x-3)° = (3× 15-3)° =(45-3)°= 42°

∠C = (5x+3)° = (5× 15 + 3)° =(75 + 3)°= 78°

The school cafeteria sells two kinds of wraps: vegetarian and chicken. The vegetarian wrap costs $1.00 andthe chicken wrap costs $3.10. Today they made $268.30 from the 136 wraps sold. How many of the wraps
sold were vegetarian?
a. 57 wraps
c. 63 wraps
d. 75 wraps
b. 73 wraps

Answers

Answer:

I think it is 73

Step-by-step explanation:

Because i tryed all of the other numbers and they didnt work

HOPE THIS HELP !!!!!!!!!!!!!!!! :)

What is the measure of the missing angles?

Answers

Answer:

[tex]x = 64 + 45 \\ x = 109[/tex]

HELP I NEED HELP ASAP
HELP I NEED HELP ASAP
HELP I NEED HELP ASAP
HELP I NEED HELP ASAP

Answers

Answer (5,5) don’t know


The answer is A
You’re welcome

Answers

Answer:

so you answered your own question?

y = -3x + 4
y = 3x - 2
graph​

Answers

Answer:

Look at the graph bellow

Step-by-step explanation:

use the slope and y-intercept to graph.

Consider the figure shown below. How long is HG?

Answers

Answer:

HG = 2[tex]\sqrt{2}[/tex]

Step-by-step explanation:

Using the cosine ratio in the right triangle and the exact value

cos60° = [tex]\frac{1}{2}[/tex] , then

cos60° = [tex]\frac{adjacent}{hypotenuse}[/tex] = [tex]\frac{GI}{HG}[/tex] = [tex]\frac{\sqrt{2} }{HG}[/tex] = [tex]\frac{1}{2}[/tex] ( cross- multiply )

HG = 2[tex]\sqrt{2}[/tex]

Use trigonometry.

Angle H = 30 degrees

sin (30) = sqrt{2}/HG

HG = sqrt{2}/sin (30)

HG = 2.8284271248

HG = 2•sqrt{2}

The slope is -8. The point
(3, 12) lies on the line. What is the equation for each linear

Answers

Answer: y=-8x+36

Step-By-Step:
y=-8x+b
12=-8(3)+b
12=-24+b
b=36

I need help right now I’m in my class plz help

Answers

Answer:

1/3x + 1/2

Step-by-step explanation:

combine like terms 1/3x plus 2/3x equals 3/3x - 2/3x = 1/3x

and 3/4-1/4 = 2/4.

Answer:

1/3x+1/2

Step-by-step explanation:

1/3x+2/3x-2/3x+3/4-1/4      eliminated +2/3x-2/3x

1/3x+3/4-1/4

1/3x+2/4    simplify 2/4 to 1/2

1/3x+1/2

Pleaseee needing helppp

Answers

Answer:

You were correct.

Step-by-step explanation:

If the input to the function y = 4x - 3 is 2 Then

y = 4 * 2 - 3

= 8 - 3

= 5

Hope it helps :)

you are correct, the answer is 5

I NEED THIS ANSWERED QUICKKKK

Answers

Answer:

2/4=4/8

Step-by-step explanation:

you do 2×2=4 and 4×2=8. You multiply both denominators by 2.

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