A certain bank pays 3.4% interest per year for a certificate of deposit, or
CD. What is the total balance of an account after 18 months with an initial
deposit of $1,250?
a. 765$
b. 2,015$
c. 63.75$
d. 1,313.75$
$[tex]1,313.75[/tex] is the total balance of an account after [tex]18[/tex] months with an initial deposit of $[tex]1,250[/tex]
What is balance?
In banking and accounting, the balance is the amount of money owed on an account. In bookkeeping, “balance” is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. When total debits exceed total credits, the account indicates a debit balance.
What is Interest?
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.
According to questions, a certain bank pays [tex]3.4[/tex]% interest per year for a certificate of deposit, or CD.
We have to find the total balance of an account after [tex]18[/tex] months with an initial deposit of $[tex]1,250[/tex]
Total balance can be calculated using the following formula:
[tex]A = P(1+rt)[/tex]
Here [tex]r=\frac{3.4}{100} =0.034[/tex]
[tex]t=\frac{18}{12} =1.5[/tex]
So,[tex]A = 1250(1+0.034[/tex]×[tex]1.5[/tex])
[tex]=[/tex]$[tex]1,313.75[/tex]
Therefore,$[tex]1,313.75[/tex] is the total balance of an account after [tex]18[/tex] months with an initial deposit of $[tex]1,250[/tex]
Hence, we can conclude that Option(d) is correct.
Learn more about Interest here:
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Name three common denominators of 1/4 and 1/5
A 10, 20, 30
B 2, 3, 5
C 20, 40, 60
D 5, 10, 15
I need help with my math
My other question I had I forgot to put my work. :)
z= -300
Step-by-step explanation:
Flip the equation so it looks like: 0.07z = -21
Then, divide it by 0.07 on both sides, which gets you -300.
You could also divide it by 7 and then multiply that answer by 100 if you want an extra step
Please please help i really need this..
The length of a rectangular fenced enclosure is 12 feet more than the width
If farmer Dan has 100 feet of fencing, find the dimensions of the rectangle with the largest perimeter that can be created using 100 feet of fencing.
Answer:
length = 31 ft
width = 19 ft
Step-by-step explanation:
Marcia is at a store with a 20% off sale. She also has a coupon for an additional 10% off the sale price.
Prove or disprove the following statement: A 20% discount on the original price of an item, followed by the use of a 10% off coupon, results in a total discount of 30%.
With explaination pls ill brainliest someone who helps.
Answer
Disprove. If there is a item that is $100 it will become $80 from the sale. and thenyou have a 10% coupon, which 10% of 80 is 8. There for the item will cost $72 which is not 30%
HELP!! WILL GIVE BRAINLIEST IF CORRECT!! *ABSURD ANSWERS WILL BE REPORTED*
Look at the image. Type the 2 inequalities that correspond with the lines. (Not multiple choice)
Answer: x ≤ 9 and x > 71
or 9 ≥ x > 71
Step-by-step explanation: I'm using 9 and 71 because the circles at the ends of the lines are just a little to the left and right of the tic marks where 10 and 70 would be.
The solid circle on the purple line indicates "less than or equal to" and the open circle on the yellow line means "greater than."
What is the y-coordinate of point W? -2.5 -1.5 1.5 2.5
Answer:
2.5 -1.5
Step-by-step explanation:
Answer:
Step-by-step explanation:
2.5,-1.5
answer question below plsssss
The answer to the question is 6
IVE BEEN WORKING ON THIS FOR 1 HOUR AND 56 MINUTES!!!!
A professional runner takes 3 strides between each pair of hurdles. The runner leaves the ground 2.2 meters before the hurdle and returns to the ground 1 meter after the hurdle.
About how long are each of the runner's strides between the hurdles?
Answer:
1.98m
Step-by-step explanation:
please help me with this
Answer:
improper fraction:10/3
mixed number: 3 1/3
Answer:
3 1/3 is the mixed number and 10/3 is the improper fraction
Step-by-step explanation:
I really hope this helps :)
Order of Operation.
Jackie Opened a pizzeria. She was charging $12 dollars for a Large Pizza, $8 dollars for medium Pizza, and $6 dollars for a small Pizza. if you order 3 large, 2 mediums, and one small pizza what equation would tell you how much You spend?
Answer:
55
Step-by-step explanation:
12x3 8x2 1x3 once youve done that it should be
36+16+3= 55 (i think so)
Answer:
(3×12)+(2×8)+6
36+16+6
52+6
58$
You must reverse the inequality sign when solving this inequality: x/4 < -12.
True
False
Jack's father is 3 times older than jack. 5 years ago the sum of their ages was 34. How old is jack's father now?
PLS HELP ASAP!!!!
Answer:
11 years old
Step-by-step explanation:
Jack's father is 3 times older than jack. ATQ, 5 years ago the sum of their ages was 34. So, the present age of Jack is 11 years.
(Hope this helps!! Btw, I am the first to answer.)
Answer:
33
Step-by-step explanation:
Jack's father is 3x
Jack is X
(x-5)+ (3x-5)= 34
4x-10=34
4x=44
x=11
Jack's father is 3X
Jack's father is now 33
Bob has to run some errands around town. Look at the map below to calculate his distance if he starts at home, goes to the video store, then the grocery store, grabs a fast snack, and ends at home. How many units did he walk?
please answer quick for brainliest
A recipe requires 1/3 cup of milk for each h1/4 cup of water. How many cups of water are needed for each cup of milk?
A. 1/12
B. 3/4
C. 11/12
D. 1 1/3
Answer:
its D
Step-by-step explanation:
Answer:
The answer would be B because you have to multiply 1/3 by 3 to get a whole cup. Therefore, you have to multiply 1/4 by 3 also. In this case, the answer would be 3/4. Hope this helps
Step-by-step explanation:
please. Help ASAP ASAP I will give brainlist
Answer:
3 R5, 3.5
Step-by-step explanation:
Answer:
3 R 1
Step-by-step explanation:
3x2=6
7-6= 1 is your remainder
Solve the question below
please help me on this for brainliest
Answer:
23
Step-by-step explanation:
Questions Of The Day!
Answer:1. 16 1/2 2. 4/5 3. 1 2/3
Step-by-step explanation:
Solve the question below
Answer:
she earns 7 you this bye multiplying 5 bye 140 and get 700. the divide 700 by 100. and she earn 7 dollers in commision and that gets added to her paycheck i think
Answer:
she sold for $140
she earned 5% commission
5% = 0.05
140 * 0.05 = 7
Answer: she earned $7 by commissions on her sale
Hope i could help :D
Dont be scared to ask questions if you dont uderstand.
PLEASE HELP THANK YOU:
What is the measure of the angle that is supplementary to
a) 77° _______
a) 45° ________
a) 63° ________
a) 75° ________
Thank you so much! I appreciate it! :D
Answer:
a)13
a)45
a)27
a)15
Step-by-step explanation:
Can someone help me ASAP!! PLSSSSSSSSSSSSSSSSSSSSS
I Need Help With All of these questions, I don't like fractions.
Answer:
question 1. plot the points
question 2. add all the points together
question 3. biggest point and smallest point and find the difference( in this situation difference means subtract)
question 4. 2[tex]\frac{7}{8}[/tex] and multiply by 3
question 5. add smallest point and biggest point to get sum
question 6. make equation, solve and explain your answer
Answer:
1. cant make numberline sorry
2. 12
3. [tex]1\frac{7}{8}[/tex]
4.[tex]8\frac{5}{8}[/tex]
5. [tex]4\frac{5}{8}[/tex]
6. Eli is correct. The shortest length is [tex]1\frac{3}{8}[/tex] and the longest length is [tex]3\frac{2}{8}[/tex] . [tex]1\frac{3}{8}[/tex] x 3 = [tex]4\frac{1}{8}[/tex] which is more than [tex]3\frac{2}{8}[/tex]. This means that the longest length is less than 3 times the shortest length.
Step-by-step explanation:
Which function of x has the least value for the y-intercept
Answer:
The answer is B
hope this helps
Slope intercept form can be represented with the formal y=mx+3 in which B represents y intercept in case 3 is the y
UWU PLEASE HELP! my grade is depeneding on it! it would mean alot if you could help and tell the truth! each question has more than one number answer!
Answer:
I dont see the question if it pops up right now i will answer in comments
Step-by-step explanation:
:)
Can someone plz help me with this one problem plz!!!!
Step-by-step explanation:
Yeah the the answer is yess........
Suppose you want to buy bouquets of flowers for a party. An equation that represents the cost, y, in dollars for x bouquets is y=17x. Does this equation represent a proportional relationship?
a)No, the graph of the equation is not a straight line.
b)No, the graph of the equation does not pass through the origin.
c)Yes, the graph of the equation is a straight line passing through the origin.
Answer:
C
Step-by-step explanation:
Answer:
No, the graph of equation does not pass through the origin
Step-by-step explanation:
because it doesn't pass so no
What is Everyone up to???
Which of the purchases would be the least expensive?
Purchase
Amount of sale
Sales tax rate
A
$150
5%
B
$145
7%
C
$140
8%
D
$135
9%
purchase A
purchase B
purchase C
purchase D
An equilateral triangle has a perimeter of
24x + 6. What is the length of one side of the triangle?
Answer:
8x + 2
Step-by-step explanation:
The 3 sides of an equilateral triangle are congruent.
Divide the perimeter by 3 to find length of one side
[tex]\frac{24x+6}{3}[/tex]
= [tex]\frac{24x}{3}[/tex] + [tex]\frac{6}{3}[/tex]
= 8x + 2
Answer: if these expression represent side lengths, then you simply add those three expressions, and that's the perimeter.
I explore this idea a bit. obviously x < 5 (because 5-x has to be positive.
2x-5 > 0 is a requirement, also, so x > 2.5 is required.
Step-by-step explanation: