Seema deposited $800 in a saving account earning 2.88% compounded annually. To the nearest cent, how much will she have in 16 years? Do not include the dollar sign in your answer.​

Answers

Answer 1

Answer:

1260.04

Step-by-step explanation:

The formula for compound interest is:

A = P(1+[tex]\frac{r}{n}[/tex][tex])^{nt}[/tex] where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period and t is the number of time periods elapsed. Since the deposit was compounded annually, just like the interest, we can omit the n in the equation.

Applying the formula to question:

800(1+[tex]\frac{2.88}{100}[/tex][tex])^{16}[/tex] = 1260.04 (rounded off to nearest cent since it's money)


Related Questions

Amy's car gets 32 miles per gallon. If her car's tank holds 15 gallons of gas, and she wants to keep a minimum of 1 gallon of gas in the tank for safety, how far (in miles) can Amy drive after filling up before she needs to fill up again?

Answers

Answer:

478miles

Step-by-step explanation:

32=1gallons 32×15 = 510miles

15g

510- 32= 478miles

My teacher doesnt really explain stuff good cause of her accent. May someone please explain how to do the problem and the correct answer? (no Trolls please) the problem is in the pic below

Answers

Answer:

hey sisters

Step-by-step explanation:

1. Charlie bought a new computer for $450 with his credit card. He plans to pay the minimum payment

of $25 per month. What is the rate of change, including units ?

Answers

Given:

Charlie bought a new computer for $450 with his credit card.

He plans to pay the minimum payment  of $25 per month.

To find:

The rate of change.

Solution:

Let y be the remaining amount of loan after x months.

Initial amount of loan = $450

Payment of one month = $25

Payment of x months = $25x

Now,

Remining amount = Initial amount of loan - Payment of x months

[tex]y=450-25x[/tex]     ...(i)

The slope intercept form is

[tex]y=mx+b[/tex]     ...(ii)

where, m is slope and b is y-intercept.

From (i) and (ii), we get

[tex]m=-25[/tex]

Therefore, the rate of change is -25 dollars.

subtract -2/3- (-2/5)

Answers

Answer:

- 4/15

Step-by-step explanation:

The  - and - make a + so -2/3 + 2/5

HOPE THIS HELPS

PLZ MARK BRAINLIEST

Pls help with part b

Answers

Answer:

any number to the power of 0

Step-by-step explanation:

Any number to the power of 0 will be equal to 1.

[tex](1)^{0} (109)^{0} (-16.9)^{0\\}[/tex]

Any of those would work.

(I need help quick this assignment is due today)what is 421.53 in expanded form? I will give you 11 points.

Answers

Answer:

Expanded Notation Form:

 421.53 =

 400  

+ 20  

+ 1  

+   0.5

+   0.03

Expanded Factors Form:

   421.53 =

 4 × 100  

+ 2 × 10  

+ 1 × 1  

+ 5 ×   0.1

+ 3 ×   0.01

Expanded Exponential Form:

 421.53 =

4 × 102

+ 2 × 101

+ 1 × 100

+ 5 × 10-1

+ 3 × 10-2

Word Form:

421.53 =

four hundred twenty-one and fifty-three hundredths

Step-by-step explanation:

Answer:

Step-by-step explanation:

400  

+ 20  

+ 1  

+   0.5

+   0.03

NEED HELP 45 POINTS PLZ

Is there enough information to prove that the triangles are congruent?

If yes, provide the correct Triangle Congruence Postulate or Theorem and a congruence statement.

If no, justify your answer.

Answers

Answer:

I have given the answer in the chat box as i was not able to post officialy

Step-by-step explanation:

Write the LCD (Least Common Denominator I think) for each pair of fractions.
1/3, 1/5 | 2/7, 1/4 | 3/4, 3/5 | 2/9, 5/12 | 1/3, 3/7 | 1/6, 4/9

Please help. ASAP​

Answers

Answer:

answer: 15, 28, 20, 36, 21, 18

help me please click link to go to question

brainly.com/question/19566932?answeringSource=feedPublic%2FhomePage%2F2

Answers

Answer:

okay thank you. ummmm yes well it's not loading

I’ll mark you brainliest .
It’s either B,C,or D

Answers

Is the letter B I think

Answer:

I believe it may be C or D.

C and D are the exact same, but I don't think it is B, seeing as it is an absolute value function. If I'm wrong, please forgive me.

Step-by-step explanation:

Help me and also show steps thanks will mark brainliest.

Answers

2. If you follow the main equation y=mx + b using the numbers provided by the table, you will be able to generate the adequate equation. In this case is: y=7/3x + 1

3. Every second the bird drops 50 FT of altitude.

a dragon can fly 80 miles in 2 hours. an alien can fly 58 miles in 4 hours.
how far can a dragon fly in 11 hour. and how far can the alien fly in 1 hour.

Answers

Answer:

an alien can fly 14.5 miles in 1 hour and a dragon can fly 440 miles in 11 hours

Step-by-step explanation:

1.2x-2.4=84

Pls show work...

Answers

Answer:

x=72

Step-by-step explanation:

1.2x−2.4=84

Step 1: Add 2.4 to both sides.

1.2x−2.4+2.4=84+2.4

1.2x=86.4

Step 2: Divide both sides by 1.2.

x=72

Answer: x=72

Step-by-step explanation:

A bus traveled on a level road for 2 hours at an average speed 20 miles per hour faster than it traveled on a winding road. The time spent on the winding road was 4 hours. Find the average speed on level road of the entire trip was 310 miles

Answers

Answer:

The average speed on level road is 65 mph

Step-by-step explanation:

Let the speed on the winding road be x mph

So the speed on the straight road will be x +20 mph

Mathematically, distance = speed * time

Distance on level road will be;

(x + 20)2

Distance on winding road will be;

x* 4 = 4x

Thus, we have;

2(x + 20) + 4x = 310

2x + 40 + 4x = 310

6x + 40 = 310

6x = 310 - 40

6x = 270

x = 270/6

x = 45 mph

The average speed on the level road is x + 20

That will be 45 + 20 = 65 mph

On Friday, a local hamburger shop sold a combined total of 436 hamburgers and cheeseburgers. The number of cheeseburgers sold was three times the number
of hamburgers sold. How many hamburgers were sold on Friday?

Answers

115 hamburgers were sold

Megan works at Amazon warehouse each crate can hold 32 boxes she needs to ship 712 how to divide into 22 crates?

Answers

She needs 23 boxes because 22.25 boxes doesn’t make sense.
The answer is 23 boxes not 22

I need help please.​

Answers

Answer:

e

Step-by-step explanation:

82 added to a number is the same as 36

Answers

Answer:

-46

Step-by-step explanation:

You’re answer will be -46 I’m pretty sure


!! please help timed

If the value of "y" varies directly with "x"
and y = -8 when x = 20, find "y" if x = -4.
Enter the number that belongs in the green box.
Reduce to simplest form.

Answers

Answer:

Step-by-step explanation:

Y= -2/5 x -4/1 so the answer is Y=8/5

6. Explain why 4 tens is greater than 4 tenths. (2 marks)​

Answers

Answer:

One is greater than zero, one is less than zero because one is on the right of the decimal and the other one is on the left of the decimal/

Step-by-step explanation:

Answer: because 4 tenths, is another way of saying 4/10 and in decimal form it's 0.4 and 4 tens is 10 10 10 10 which will = 40 a whole number

Step-by-step explanation:

complete the statements,extra points!!! please don't answer if you don't know ​

Answers

Answer:

1. 0.08703 killograms

2. Decameters

3. Liters

Step-by-step explanation:

convert.

How do you divide 10.5 divided by2.5?

Answers

Answer:

4.2

Step-by-step explanation:

10.5/2.5= 4.2

Move the decimal in 10.5 over one to the right to get 105.0

Answer:

Divide how you normally would, without the decimals, then put the decimal back in its orginal position; this would result in 4.2.

Step-by-step explanation:

I just need a walkthrough or step by step process on how to get it so i can understand :)

Answers

Answer:

The answer and explanation  is located in the screenshot.

Step-by-step explanation:

Hope this helped! And have a wonderful day!

12 time 10 times 10 times 10

Answers

Answer:i used a calculator 12000

Step-by-step explanation:12 × 10 × 10 × 10 = 12000

and have a nice Day :)

Answer:

12000

Step-by-step explanation:

If you multiply 12 by 10 its 120, if you add 2 more 0's to the end of the number, it will be 12000, so, basically, any time you multiply a number by 10, you add a 0 to the end of the number your multiplying 10 by, hope this helps:)

A patient has been ordered Oxycodone 10mg Q6H PO for 5 days. How many 10mg tablets should be dispensed?

Answers

Answer:20 tablets

Step-by-step explanation:

Asked my MD father.

Answer: 20 tablets
I did the equation I’m my head

when the Dixon family traded in their old car, it had 53,790 miles on it. they had the car for 8.25 years. on average, how many miles did they drive per year?​

Answers

Answer:

6,520 miles per year

Step-by-step explanation:

53,790 divided by 8.25 equals 6,520

The classroom has 12 9/10 meters of tape in one area of the building, and 8 3/5 meters of tape in another part. How much tape does the classroom have in all

Answers

Answer: 32

Step-by-step explanation: 45wheeej5t

Answer: 21 1/2

Step-by-step explanation:

12 9/10 + 8 3/5 = 21 1/2

hope this helps!

Find the area of this

Answers

Answer:

616

Step-by-step explanation:

Will somebody help real fast I will give brain??​

Answers

Answer:

the aswer is A

Step-by-step explanation:

Answer:

D. -4,1,7,15

Step-by-step explanation:

Range is the y axis

answer and show work

Answers

Answer:

3x+2/4>-20

3x+2>-80

3x>-80-2

3x>-82

x>-82/3

Also simplified to, x>-27 1/3
B is the correct answer
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