You deposit $5,500 into a saving account that pays an annual interest rate of 5.5% compounded monthly.

How much would you have after 10 years?

Answers

Answer 1

Answer:

$9520.92

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

Compounded Interest Rate Formula: [tex]\displaystyle A = P(1 + \frac{r}{n})^{nt}[/tex]

P is principle amountr is raten is compounded ratet is time

Step-by-step explanation:

Step 1: Define

Identify variables

P = 5500

r = 5.5% = 0.055

n = 12

t = 10

Step 2: Find A

Substitute in variables [Compounded Interest Rate Formula]:                     [tex]\displaystyle A = 5500(1 + \frac{0.055}{12})^{12(10)}[/tex](Parenthesis) Divide:                                                                                         [tex]\displaystyle A = 5500(1 + 0.004583)^{12(10)}[/tex](Parenthesis) Add:                                                                                            [tex]\displaystyle A = 5500(1.004583)^{12(10)}[/tex][Exponents] Multiply:                                                                                        [tex]\displaystyle A = 5500(1.004583)^{120}[/tex]Evaluate exponents:                                                                                         [tex]\displaystyle A = 5500(1.73108)[/tex]Multiply:                                                                                                             [tex]\displaystyle A = 9520.92[/tex]

Related Questions

The total cost c a roof technician charges to fix a sink in a house depends on the number h of hours it takes to assess the damages to the roof and repair the roof. This situation can be represented by the function rule 32h + 145. What is the total cost the roofer will charge if he works for 19.25 hours?​

Answers

Answer:

I believe it is 761 is the cost the roofer will charge.

Step-by-step explanation:

First: Multiply 32 with 19.25 (standing for h), which equals to 616.

Second: Add 616 with 145, which adds up to 761.

Triangle ABC is dilated by a scale factor of 2 with a center of dilation at the origin to
create AA'B'C'. What are the coordinates of the vertices of AA'B'C'?

Answers

5 because you add more

(PLEASE HELP/NO SPAM) Which equation shows the function y=2^x translated 4 units left and 2 units down?

Answers

Answer:

The answer is (h).

Step-by-step explanation:

When y = 2^x is shifted 4 units left, the x shifts 4 units to the left and x becomes (x+4). When the graph is shifted to units down, y has to be subtracted by 2.

The function becomes

y = 2^(x+4) -2.

Finally, you shift -2 to the same side as y.

This becomes

y+2 = 2^(x+4) which is (h)

the radius of a wheel is 21m.how much distance will it covers when it rotates 5 times?​

Answers

Answer:

Distance = 660 meters

Step-by-step explanation:

Given the following data;

Radius, r = 21 m

Number of revolutions = 5 times

To find the distance covered;

The distance covered in one revolution is given by the circumference of a circle.

Mathematically, circumfeence of a circle is equal to;

C = 2πr

Substituting into the formula, we have;

C = 2 * 22/7 * 21

C = 44 * 3

C = 132 meters

Next, we find the distance covered;

Distance = Circumference * Number of revolutions

Distance = 132 * 5

Distance = 660 meters

5. A rectangular parking lot has the length (x + 7) and width of (x + 10). If the total area of the parking lot is
180 m, what are the dimensions of the parking lot?
length
width =

Answers

Answer:

length = 12

width = 15

Step-by-step explanation:

if you foil (x+7)(x+10) you get:

x²+17x-110 = 0

the factors are:

(x+22)(x-5) = 0

x = -22 and 5

we can dismiss the negative as irrelevant for a measure; therefore, x = 5

length = 5+7, or 12

width = 5+10, or 15

The graph shows the number of servings in different amounts of frozen yogurt listed on a carton. Enter an equation that gives the number of servings y in x pints.

Use only decimal form, if necessary. Frozen Yogurt 9 COR Servings 3 2 1 Pints 3 31 5 6 18 9 The equation is y =​

Answers

Answer:

Please rephrase the question.

Step-by-step explanation:

Which statement correctly compares the shapes of the distribution?

Answers

the answer to your question is c

Boxers in the nineteenth century used their bare fists. In modern boxing,

fighters wear padded gloves. How do gloves protect the brain of the boxer from

injury?​

Answers

Answer:

boxers get injured but it is good to have some security on your fist and for those who do do boxing it's nice to have some security

type the correct answer in each box. spell all the words correctly, and use numerals instead of words for numbers. if necessary, use / for the fraction bar(s)

Answers

WHAT? What does this even mean?

There is no picture?

this is a 30-60-90 triangle. what is the measure of X? please explain

Answers

[tex]x = 10 \sin(60) \\ x = 10 \frac{ \sqrt{3} }{2} \\ x = 5 \sqrt{3} [/tex]

how many degrees in a triangle

Answers

Answer:

180 degrees are in a triangle.

There are 180 degrees in a triangle.

In the graph above, which vertical line (v) and horizontal line (H) can be used to graph point C

Answers

Answer:

V:  x= -3

H:  y= -3

Step-by-step explanation:

PLEASE HELP!!! An investment earns 3% a year compounded monthly. Find the value of an initial investment of $5,000 after 6 years.

Answers

Answer:

A = $5,984.74

A = P + I where

P (principal) = $5,000.00

I (interest) = $984.74

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 3/100

r = 0.03 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 5,000.00(1 + 0.03/12)(12)(6)

A = 5,000.00(1 + 0.0025)(72)

A = $5,984.74

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $5,000.00 at a rate of 3% per year compounded 12 times per year over 6 years is $5,984.74.

A grass seed company conducts a study to determine the relationship between the density of seeds planted (in pounds per 500 sq ft) and the quality of the resulting lawn. Eight similar plots of land are selected and each is planted with a particular density of seed. One month later the quality of each lawn is rated on a scale of 0 to 100. The sample data are given below.

Seed Density Lawn Quality
1 30
1 40
2 40
3 40
3 50
3 65
4 50
5 50

Required:
At the 1% level of significance, is there evidence of an association between seed density and lawn quality?

Answers

Answer:

There is no significant evidence to support the claim that an association between seed density and lawn quality exists.

Step-by-step explanation:

Given the data :

Seed Density Lawn Quality

1 30

1 40

2 40

3 40

3 50

3 65

4 50

5 50

Using technology to obtain the correlation Coefficient between seed density and lawn quality, the Coefficient, R = 0.6

H0 : ρ = 0

H1 : ρ ≠ 0

We can then calculate the test statistic :

Test statistic = r / √(1 - r²) / (n - 2)

Test statistic = 0.6 / √(1 - 0.6²) / (8 - 2)

Test statistic = 0.6 / 0.3265986

Test statistic = 1.837

Pvalue from test statistic : = 0.11583

α = 0.01

Pvalue > α ;

We fail to reject the null

Which measure of central tendency would be most effected if 50 was added to the following data set? 10, 14, 15, 15, 18, 20
select one

A. Interquartile Range

B. Mean

C. Median ​

Answers

Mean would be the lot accurate

Find the slope of the line and sketch its graph y=3

Answers

Answer:

0

Step-by-step explanation:

The slope is 0 as there is no x variable within the equation.

recall y=mx+c where m is the slope. y=3 so we are only given the y intercept.

to graph this simply draw a horizontl line that crosses (0,3).

I NEED HELP WITH MY HOMEWORK ASAP!!!!
I dont get it :(

Answers

where’s the homework

a city council consists of 7 democrats and 7 republicans. if a committee of 4 people is selected, find the probability of selecting 2 democrats and 2 republicans

Answers

Answer:

The probability of selecting 2 Democrats and 2 Republicans is 29.36%.

Step-by-step explanation:

Given that a city council consists of 7 democrats and 7 republicans, to determine, if a committee of 4 people is selected, the probability of selecting 2 Democrats and 2 Republicans must be performed the following calculation:

7/14 x 6/13 x 7/12 x 6/11 = X

0.5 x 0.46 x 0.58 x 0.54 = X

0.0734 = X

0.0734 x 100 = 7.34 x 4 = 29.36

Therefore, the probability of selecting 2 Democrats and 2 Republicans is 29.36%.

Factorise 5x + 10=

ᴘʟᴀʏɪɴɢ: Who Asked (Feat: Nobody did ) ───────────⚪────── ◄◄⠀▐▐⠀►:/:⠀───○

Answers

Answer:

5(x+2)

Step-by-step explanation:

5x + 10=

Factor out 5

5(x+2)

Answer:

[tex]5(x + 2)[/tex]

Step-by-step explanation:

Get 5 out

[tex]5x + 10 \\ 5(x + 2)[/tex]

The gas tank in Feliz's car is 5/6 full. Each time he drives to or from work, he uses 1/12 of a full tank of gas. Which equation represents the number of times Feliz can drive to or from work with the gas in his tank?

Answers

Answer:

5/6 divided by 1/12 (the last box)

Well thats the only box with the right answer and the equation used is how you get the right answer

Which expression will solve for the area of the shaded portion, in square inches?

Answers

Answer:

I might be wrong but It's C

108-4

Step-by-step explanation:

I wrote on a sheet of paper and checked over my response to your question.

jose 25 kg is father is 5 kg less than 3 times jose's weight what is the weight of jose father​

Answers

Answer:

Jose's father weighs 70 kilograms.

Step-by-step explanation:

Given that Jose weighs 25 kg, while his father is 5 kg less than 3 times Jose's weight, to determine what is the weight of Jose father the following calculation must be performed:

Jose = 25

Father = 3J - 5

3 x 25 - 5 = Father

75 - 5 = X

70 = X

Therefore, Jose's father weighs 70 kilograms.

END OF THE YEAR TEST PLEASE HELP
Seung has a wooden block in the shape of a square pyramid as shown below. Derek has the same shaped block but with dimensions that are half of Seung’s block. How many times greater is the surface area of Seung’s block than Derek’s block?

Derek has the same shaped block but with dimensions that are half of Seung’s block. How many times greater is the surface area of Seung’s block than Derek’s block?

Answers

Answer:

the answer is 4

Step-by-step explanation:

Rosa budgets her allowance so she uses equal amounts for spending,saving, and gifts. Her weekly allowance is $6.75. How much does Rosa save each week?

Answers

She saves 2.25$ each week

Answer:

29.54

Step-by-step explanation:

29.54. is your answer to this problem

What is the equation for a line that has an x-intercept of 2 and a y-intercept of -6?

Answers

Answer:

An x-intercept of 2 implies

(

2

,

0

)

is a point on the line

A y-intercept of 4 implies

(

0

,

4

)

is a point on a line

The slope of the line joining

(

2

,

0

)

and

(

0

,

4

)

is

#(Delta y)/(Delta x) = (4-0)/(0-2) = -2

Using the slope-intercept form of the equation

y

=

m

x

+

b

where

m

is the slope and

b

is the y-intercept

we have

y

=

2

x

+

4

The table shows the relationship between Megan’s earnings and the hours that she worked.
What is the missing value in the table?

Earnings ($) 19 38 57 ? 95
Hours 2 4 6 8 10
A. 65
B. 66.5
C. 76
D. 85.5

Answers

Answer:

C.76

Step-by-step explanation:

2x= 19

x= 9.5

8x =?

8(9.5)= ?

76= ?

What is the weight of a 43.11-carat diamond in grams and ounces?

Answers

1/5 is the answer :)

which digit have the same place value and face value in 6782 1904​

Answers

4 and 0 has the same place value and face value.

Hope this is helpful :)

Answer:

0 and 4 are the digit which have same place and face value.

how many positive integers n satisfy the following condition: (130n)^50 > n^100 >2^200

Answers

Answer:

27

Step-by-step explanation:

The question is in the picture.

Answers

Answer:

I’m pretty sure it’d be 17 because 15 is the lower extreme.

Step-by-step explanation:

I just learned this. 17 would be the Q1, 20 would be Q2, and 23 would be Q3. I hope this helped you out :)

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