You deposit $6000 in an account earning 8% interest compounded monthly. How much will you have in the account in 15 years?

Answers

Answer 1

Answer:

13,200

Step-by-step explanation:

6000/100=60

60x8=480

480x15=7,200

6,000+7,200=13,200

Answer 2

If the initial amount is $6000 , rate of interest 8% then after 15 years the amount willbe $19957.218.

What is compound interest?

Compound interest is the interest calculated on the principal and the aggregate interest. It may be copounded annually,semi annually, monthly, bimonthly,etc.

How to calculate interest?

We have been given that the deposit is $6000,rate is 8% which is compounded monthly.

So effective rate of interest will be 8/1200=0.0067.

n will be 15*12=180

The sum after 15 years=6000[tex](1+0.0067)^{180}[/tex]

S=6000[tex](1+0.0067)^{180}[/tex]

Take log both sides.

log S=log 6000[tex](1+0.0067)^{180}[/tex]

log S=log 6000+log [tex](1+0.0067)^{180}[/tex]

log S=log 6000+180 log (1.0067)

log S=3.7781+180*0.0029

log S=3.7781+0.522

log S=4.3001

S=AL (4.3001)

S=19957.218

Hence if the initial amount is $6000 , rate of interest 8% then after 15 years the amount willbe $19957.218.

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Related Questions

A pasta factory made 328.16 pounds of pasta in 7 minutes. How much pasta, on average, did the factory make each minute?

Answers

Answer:

46.88 lb per minute

Step-by-step explanation:

328.16/7

46.88

In need of assistanceeeee!

Answers

Answer:

300 mi

Step-by-step explanation:

set the equations equal to each other.

110+(.60x)=20+(.90x)

solve

90=0.30x

x=300

check

"substitute x"

both = $290

Answer:

300 mi

Step-by-step explanation:

solve equation 4x+2y=8 for y

Answers

Answer: y= -2x+4

Step-by-step explanation:

2y=-4x+8

y= -4/2x+8/2

Answer:

y=-2x+4

Step-by-step explanation:

4x+2y=8

2y=8-4x

y=(8-4x)/2

y=4-2x

y=-2x+4

i need help with answering this question -7/12 + 1/2 =

Answers

Answer:

[tex]-\frac{1}{12}[/tex]

Step-by-step explanation:

Answer:

[tex]\frac{-1}{12}[/tex]

Step-by-step explanation:

[tex]\frac{-7}{12}[/tex] + [tex]\frac{1}{2\\}[/tex]

[tex]\frac{-1}{12}[/tex]

Help me please it says that I need help !!

Answers

Answer:

  A, D

Step-by-step explanation:

The independent variable is plotted on the x-axis. It is labeled "number of cans". The dependent variable is plotted on the y-axis. It is labeled "number of tennis balls". Then each ordered pair is ...

  (independent variable, dependent variable) = (cans, balls)

Then the point (2, 6) corresponds to (2 cans, 6 balls).

The applicable descriptive statements are ...

  A.  2 cans contain 6 tennis balls

  D.  There are 6 tennis balls in 2 cans

pleseeeeeeeeeeeeeee helllllllppppp fassttttty pleaseeeeeeeee​

Answers

Answer:

0.10

Step-by-step explanation:

[tex]0.15 = \frac{15}{100} \\ 0.40 = \frac{40}{100} \\ 0.35 = \frac{35}{100} \\ [/tex]

Since all of them have the denominator as 100,

the total no. of sweets must be 100. So,

No of strawberries= 100-15-40-35

= 10

p(taking a strawberry sweet)= 10/100

= 0.10

Answer:

0.10

Step-by-step explanation: did work

is 6.458 a rational number

Answers

Answer:

It is a rational number

Answer:

Rational

Step-by-step explanation:

6.458 is rational because it is not repeating or infinite.

Dylan buys 3.2 pounds of grapes for $2.56. What is the price per pound of the grape.

Answers

Answer:

$1.25

Step-by-step explanation:

3.2/2.56=1.25

Answer:

1.25

Step-by-step explanation:

3.2/2.56=1.25 i know because i am the future

9. Fill in the blank. -8 +_= -15
10. Fill in the blank. 12 +_=-30
Please respond quickly thank you!

Answers

Step-by-step explanation:

9. -8+(-7)=-15

10. 12+(-42)=-30

Seven more than the product of five and a number is 45.

Answers

Answer:

7+(5n)=45

n= 7.6

Step-by-step explanation:

10.) A box is created from a sheet of cardboard 20 in, on a side by cutting a square from each corner and folding up the sides Let x represent the length of the sides of the squares removed from each corner. Find an expression for the volume of the box in terms of x ​

Answers

Answer:

the volume will be (20-2x)(20-2x)(x)

Step-by-step explanation:

assuming its a square

Rocco can do 60 jumping jacks in 1 minute. How many jumping jacks can he do
in 8 minutes?

Answers

Answer: 480 Jumping jacks

Step-by-step explanation: What I did was 60 * 8= 480

60 Jumping Jacks=1 minutes

120 Jumping Jacks=2 minutes

continue, continue

The number of jumping jacks can he do in 8 minutes is 480 if Rocco can do 60 jumping jacks in 1 minute.

What is a fraction?

Fraction number consists of two parts, one is the top of the fraction number which is called the numerator and the second is the bottom of the fraction number which is called the denominator.

It is given that:

Rocco can do 60 jumping jacks in 1 minute.

60 Jumping Jacks = 1 minutes

120 Jumping Jacks = 2 minutes

= 60x8

= 480

Thus, the number of the jumping jacks is 480.

Learn more about the fraction here:

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Choices are...
A)1120
B)2275
C)3500
D)2345
It's Side Splitter Theorem

Answers

Answer:

B

Step-by-step explanation:

The sections of the parallel roads split by the transversals are in proportion, that is

[tex]\frac{350}{300}[/tex] = [tex]\frac{first}{1650}[/tex] ( cross- multiply )

300 first = 577500 ( divide both sides by 300 )

first = 1925 ft

Thus

Elm st → Maple st = 1925 + 350 = 2275 ft → B

If the area of a square room is 100 square meters, what is the length of one side of the room in meters?

Answers

Answer:

10 meters

Step-by-step explanation:

Area of a square is represented by the following formula:

A= s²

Plug in your area and solve.

√100 m² =√ s² (square both side)

10 m² = s

Thus, your one side length is 10

Which set of measurements will produce a scalene acute triangle?

Answers

PLEASE GIVE BRAINLIST

An ACUTE triangle contains three acute angles. (In other words, each angle of an acute triangle is less than 90 degrees.) A SCALENE triangle is one in which all sides have different lengths (and therefore, all angles have different measures).

HOPE THIS HELPED

A taxi charges $2.00 for the first mile and $1.60 for every additional mile. Rachel is taking a trip that is 4 miles long. How much will she be charged?

Answers

She should pay $6.80
She would pay exactly $6.80

factorize
a²-b²-20+1​

Answers

Answer:

(a+b)(a-b)-19

Step-by-step explanation:

a²-b²

=a²-ab+ab-b²

=a(a-b)+b(a-b)

=(a+b)(a-b)

it'll be more easy to understand if u try solving it the other way(from bottom to the top)

there fore... a²-b²=(a+b)(a-b)

and -20+1=-19

so then the ans will be(a+b)(a-b)-19

OMG PLEASE HELPPPPP I NEED THIS TO BE TURNED IN , IN LIKE 10M

Answers

Answer:

use 5x for each question

Step-by-step explanation:

its says u should get 5x out of them

Can anyone give the answer for the question which i have attached .

Answers

Here you go, hope this helps. Don’t mind the water droplets, accidentally topped my bottle over.

What is 0.941941 repeating in fraction form ( simplest form) I need help!!!!

Answers

0.941941 converted to a simplified fraction is 941941/1000000

Find the perimeter of the polygon with the vertices $Q(-3,\ 2),\ R(1,\ 2),\ \ S(1,-2),$ and $T(-3,-2)$ .

Answers

Answer:

The perimeter is 16 units.

Step-by-step explanation:

Once you graph all the sides you can easily count and see the perimeter is 16. :)

What is the prime factorization of 96? 8 · 12 2 · 2 · 2 · 2 · 3 25 · 3 25 · 32

Answers

96
/ \
8 • 12
/ \ / \
4 • 2 • 4 • 3
/ \ / \
2 2 2 2
96 is 2•2•2•2•2•3 or 2^5•3

Dunni earns money babysitting.She charges $20 for traveling to the job, plus another $5 for each hour she babysits.Yesterday Dunni earned $60 for babysitting job

Answers

Well. It sounds like she baby sited for 8 hours and the rest was from her flee so 20$ + 40$ =60$

Please Help!! 8 Points!! Brainliest Answer!!

Answers

Answer:

right 5 down 3, I believe

Anna has amask collection of 60 masks. She keeps 45% of the masks on her wall. How many masks does she keep on her wall?​

Answers

60x.45=27 60-27=33 masks on the wall

Answer:27

Step-by-step explanation:

60x.45=27

(14d2 - 8) + (6d2 - 2d +1)

Answers

Step-by-step explanation:

Jodi liked to collect stamps. On 3 different days, she bought 6 stamps. Then she decided to sell 4 of them. After that she bought 2 sets of 5 stamps. She figured out how many she had total, and then she divided that total into 3 groups to put into stamp books. How many did she put in each book?

Answers

Answer:

4

Step-by-step explanation:

6-4=2

2x5=10

10+2=12

12 divided by 3=4

She put 4 in each book.

If log x (8x-3)-logx4=2, the value of x is or .

Answers

X false -10 cg(centigrams)+8x-3

Answer:

[tex] x = \dfrac{1}{2} [/tex]   or   [tex] x = \dfrac{3}{2} [/tex]

Step-by-step explanation:

[tex]log_x (8x - 3) - log_x {4} = 2[/tex]

[tex] log_x \dfrac{8x - 3}{4} = 2 [/tex]

[tex]log_x (2x - \dfrac{3}{4}) = 2[/tex]

[tex] x^2 = 2x - \dfrac{3}{4}} [/tex]

[tex] 4x^2 - 8x + 3 = 0 [/tex]

[tex] (2x - 1)(2x - 3) = 0 [/tex]

[tex] 2x - 1 = 0 [/tex]   or   [tex] 2x - 3 = 0 [/tex]

[tex] 2x = 1 [/tex]   or   [tex] 2x = 3 [/tex]

[tex] x = \dfrac{1}{2} [/tex]   or   [tex] x = \dfrac{3}{2} [/tex]

if PQ=8 and Q lies at -13 where could P be located?

Answers

Answer:

In the given figure the point on segment PQ is twice as from P as from Q is. What is the point? Ans is (2,1).

Step-by-step explanation:

There is really no need to use any quadratics or roots.

( Consider the same problem on the plain number line first.  )

How do you find the number between 2 and 5 which is twice as far from 2 as from 5?

You take their difference, which is 3. Now splitting this distance by ratio 2:1 means the first distance is two thirds, the second is one third, so we get

4=2+23(5−2)

It works completely the same with geometric points (using vector operations), just linear interpolation: Call the result R, then

R=P+23(Q−P)

so in your case we get

R=(0,−1)+23(3,3)=(2,1)

Why does this work for 2D-distances as well, even if there seem to be roots involved? Because vector length behaves linearly after all! (meaning |t⋅a⃗ |=t|a⃗ | for any positive scalar t)

Edit: We'll try to divide a distance s into parts a and b such that a is twice as long as b. So it's a=2b and we get

s=a+b=2b+b=3b

⇔b=13s⇒a=23s

The side lengths of a rectangle are described as (8x+1) feet and (3x−2) feet. Which expression represents the area of the rectangle in square feet?

Answers

Answer:

24x² - 13x -2

Step-by-step explanation:

To get the area of a rectanglenyou have to multiply the length and the width:

(8x+1) (3x−2)

Using Foil Method:

24x² -16x + 3x -2

24x² -13x -2

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