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$

Answers

Answer 1
STEP BY STEP

A = $1,313.75

Equation:
A = P(1+rt)

Calculation:

First converting R percent to R a decimal
R = r/100 = 3.4%/100 = 0.034 per year.

Putting time into years for simplicity,
18 months / 12 months/ year = 1.5 years

Solving our equation:
A = 1250(1+[0.034 * 1.5]) = $1,313.75

The total amount accrued, principal plus interest, from simple interest on a principal of $ 1,250.00 at a rate of 3.4% per year for 1.5 years (18 months) is $1,313.75

The ANSWER would be

D. $1.31375
Answer 2

$[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.

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Related Questions

HELP!! For the following right triangle, find the side length x. Round your answer to the nearest hundredth. 17 a X 12​

Answers

Answer:For this problem, you will need to use the pythagorean theorem which is  

So a and b are usually the sides that are NOT the hypotenuse, or in this case the long side that is not at a 90 degree angle.

You will start by plugging 12 into with (a) or (b) but not both. And then you will plug 17 in for (c). Make sure you square these values to solve the equation. Once you do that, it is basic algebra from there to solve for the missing variable. If you want to check to see if your answer is correct, then plug all the side numbers back into the equation. Also your answer should be between 12 and 17, or possibly one of those numbers.

Step-by-step explanation: I hope this helps!! God Bless you. Have a great day!!!!

The Pythagorean theorem is sometimes known as Pythagoras' theorem. The value of x can be written as 12.0416 units.

What is Pythagoras' theorem?

The Pythagorean theorem, sometimes known as Pythagoras' theorem, is a basic relationship between the three sides of a right triangle in Euclidean geometry. The size of the square whose side is the hypotenuse is equal to the sum of the areas of the squares on the other two sides, according to this rule.

Given that the length of a perpendicular side is x, while the length of the base of the triangle is 12. Also, the length of the hypotenuse is 17 units. Therefore, we can write,

Perpendicular² + Base² = Hypotenuse²

x² + 12² = 17²

x² + 144 = 289

x² = 289 - 144

x² = 145

x = √145

x = 12.0416

Hence, the value of x can be written as 12.0416 units.

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Pls helppppp 100 points!!

When 0.5(20x – 50y + 36) – 0.25(–100x + 40y – 12) is simplified, what is the resulting expression?

A. 10x - 25y + 18 - 25x + 10y - 3
B. -15x - 15y + 15
C. -10x + 25y + 18 + 25x - 10y + 3
D. 35x - 35y + 21

Answers

Answer:

D

Step-by-step explanation:

please the answer is D which is 35x - 35y + 25

A population of 65 foxes in a wildlife preserve triples in size every 13 years. The function y=65 x 3x, where x is the number of 13-year periods, models the population growth.How many foxes will there be after 39 ​years?

Answers

Answer:

585 I hope this helps!

Step-by-step explanation:

You will first divide 39 ÷ 13 and get 3.

Then you will take 3 and multiply it by 3 to get 9

After you will multiply 65 by 9 and get 585.

And thats your answer

There would be 585 foxes

Can someone plz help me with this one problem plz!!!

Answers

the answer is 77x + 298
77x + 298 is the answer! Have a great day!

hi plzzz helpp meeeee

Answers

Answer:

Step-by-step explanation:

Order of Operation.

A certain Small Factory employs 98 workers. of these 10 received, a wage of $350 per day, and the rest receive $255 per day. To the management, a week is equal to 6 working days. How much does the factory payout each day? How much does the factory payout in a week?

Answers

Answer:

25940 per day

155640 per week

Step-by-step explanation:

Tell whether each number is a solution to the problem modeled by the following equation.



Mystery Number: Five more than −8 times a number is 29. What is the number?



Let the mystery number be represented by n. The equation is 5+(−8)n = 29.



Is 3 a solution to the equation?


Is −4 a solution to the equation?

Answers

Answer:

Neither are a solution.

Step-by-step explanation:

The thing is, -4 * -8= 32+5 =37, and you're looking for 29.

3*-8=-24+5=19. If you meant to put positive 8 and not negative, then 3 would be right, but other than that, neither are correct.

This is so annoying. I need help ASAP

Answers

Answer:

the second one is Irrational

Step-by-step explanation:

it's just simple math.

Answer:

|-3| i think

Step-by-step explanation:

I really need help please

Answers

x= 1
y=2

just substitute one of the equations for y in the other one and solve for x. once you have x, substitute it in one of the equations and solve for y!

Answer:

y= -x+3

Step-by-step explanation:

in first one (A)

x=0 then   y= -0+3 =3

a(0,3)

in second one (b)

x=1 then    y= -1 +3 =2

b(1,2)

and the same with the other 2

Emma borrows $2,500 from her bank to buy a used car. The loan has a 5.4% annual simple interest rate. If it takes Emma 9 months to pay back the loan, how much interest will she be paying?

A. $101.25

B. $2,601.25

C. $3,715.00

D. $10,125.00

Answers

Answer:

$292.78

Step-by-step explanation:

Add the annual interest to the loan. Then divide the total by 9 to get the monthly cost.

Answer:

its c

Step-by-step explanation:

its c because you add 2,500 + 5.4% = 2,635 than it adds 135 to 2,500.

You multiply 135 x 9 = 1215 than you add that than that = 3715.

Evaluate the expression below when s = 4
6s – 1
23
24
25
63

Answers

Answer:-123242539

Step-by-step explanation: 6x4=24

24-123242563=123242539

23! Since s=4, that would make the answer 23 because 6 times 4 is equal to 24 than you subtract one and the answer is 23.

What is the least number of factors for any even number greater than 4?
Please help me I will give brainliest if I get a REAL answer :-)

Answers

So, 420 is the smallest positive integer with 4 prime factorizations in the E-zone.

A craft project requires 3 pints of paint for every two students. About how many liters of paint are needed for 60 students? (2.11 pints = 1 liter)

Answers

Answer:

90

Step-by-step explanation:

3/2=x/60

multiply 3/2 by 30 for the denominator to get to 60

90/60

90 liters of paint for 60 students

Answer:

90 pints

Step-by-step explanation:

2 students = 3 pints of paint

(×30) 60 students = 30×3

                              = 90

there are 30 students in your class. Of the students in your class 12% are left handed what fraction of the students are left handed?

Answers

3/25

Hope this helps!!!!
Answer us 3.6/30 but sense it’s people it would be 3/30

HELPPP MEEEEEEE PLZZZZZZZZZZZZZ

Answers

Answer:

The sandwich cost $5.75

Step-by-step explanation:

9 = s + 3.25

-3.25   -3.25

5.75 = s

Answer:

5.75

Step-by-step explanation:

All you have to is subtract 3.25 by nine on the other side. What you get equals s.

which choice best describes the relationship between the variables in the graph?

Answers

The best answer for this is D

As the temperature increases , the number of people at the bench increases

What is exponential growth factor?

The exponential growth or decay formula is given by

x ( t ) = x₀ × ( 1 + r )ⁿ

x ( t ) is the value at time t

x₀ is the initial value at time t = 0.

r is the growth rate when r>0 or decay rate when r<0, in percent

t is the time in discrete intervals and selected time units

Given data ,

Let the function be represented as f ( x )

Now , the value of f ( x ) is and exponential growth equation

where x marks the temperature and y marks the number of people on the bench

From the graph , we can see that

As the temperature increases , the number of people at the bench increases

Hence , the exponential equation is solved

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HELPPPPPPEFLWBAYIOGGYYYGYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYNY

Answers

Answer:

24,500

Step-by-step explanation:

24 times 1000 equals 24,000

1/2 of 1000 is 500

So 24,000 + 500 = 24,500

Jack's father is 3 times older than jack. 5 years ago the sum of their ages was 34. How old is jack now?
PLS HELP ASAP!!!

Answers

Answer:

jack (with the lower case j) is 11 years old

Step-by-step explanation:

(x - 5) + (3x - 5) = 34

x - 5 + 3x - 5 = 34

4x = 34 + 10

4x = 44

x = 11

So, jack = 11 years old.

Jack = 33 years old.

Answer:

the answer is 16

Step-by-step explanation:

Lacy = x

Jack = 3x

(x - 5) + (3x - 5) = 34

x - 5 + 3x - 5 = 34

4x = 34 + 10

 

4x = 44

x = 11

So, Lacy = 11 years old.

Jack = 33 years old.

Triangle FEG is similar to triangle IHJ. Find the value of y.
PLEASE ANSWER!!!

Answers

Answer:

y = 10

Step-by-step explanation:

(5(10) + 9) = (50 + 9) = 59 which is equal to the other triangle.

Parents do your home work
Me:

Answers

same—————————————————-

PLS HELP ME I WILL GIVE YOU BRANILIEST

Answers

5/65:6 is the 44:(5;6

Answer:

yes

Step-by-step explanation:

(81/5)/(7/4)=81*4/5*7=324/35

jos  can make  almost 9 shelves

Help plz :((
I'll give brainliest

Answers

Answer:

A. The source of energy for the water cycle is the sun.

B. Condensation would be the process that changes the water vapor into water droplets that form the cloud.

C. Arrow X would be runoff

Just a bunch of easy ones


At the IGA, a 3 lb bag of apples costs $3.54. What is the unit rate for the 3 lb bag?


At the IGA, a 5 lb bag of apples costs $5.85. A 3 lb bag of apples costs $3.54. Which is the better deal?
3 lbs. for $3.54
5 lbs. for $5.85

Brycen bikes 2 miles in 12 minutes. What is his unit rate (minutes per mile)?


Brycen bikes 2 miles in 12 minutes. Tori swims 1 mile in 24 minutes. Who is moving faster?
Brycen
Tori

Brycen bikes 2 miles in 12 minutes. Tori swims 1 mile in 24 minutes. Thinking about your last answer, how much faster is that person moving (in minutes per mile)?


Chad colors 25% of the total shapes on his paper. He colors 8 shapes. Enter the number of shapes on Chad’s paper.


Enter the unknown value that makes this statement true: 60% of 80 is what?


A ship captain is mapping a trip and wants to know the distance the ship will travel over certain time intervals. Assuming that the ship travels at a constant speed, what is its speed (in miles per hour)?


Lin’s family has completed 70% of a trip. They have traveled 35 miles. How far is the total trip?
24.5 miles
50 miles
59.5 miles
200 miles
Other:

Lin runs 3 laps around a track in 6 minutes. How many minutes per lap is that?
2
1/2
1/3
3
Other:

Lin runs 3 laps around a track in 6 minutes. How many laps per minute is that?
2
1/2
1/3
3
Other:


hopefully it is not confusing

Answers

Answer:

1. 5lb bag is cheaper

2. 6 mpm (minutes per miles)

3. Brycen

4. 18 mpm faster

5. 32 total shapes

6. 75

7. not enough info

8. 50 miles

9. 2

10. 2

Step-by-step explanation:

3lb=$3.54=1lb=$1.18

5lb=$5.85=1lb=$0.85

12 minutes/2 miles=6 mpm

24 minutes/1 mile=24 mpm

24-6=18 mpm faster

25% of 100= 4

4×8=32

60% of 80= 75

process of elimination:

24.5 is less than 35 so no

50×.7=35, total miles is 50

For Lin if she runs 3 laps in 6 minutes. you need to divided 3/6=2

what is melody MUSIC TERMS. ill mark brainliest

Answers

Melody is a linear succession of musical tones that the listener perceives as a single entity. It’s a combination of pitch and rhythm.

solve x

3 - X/12 = -11

Answers

Answer: easy = 168

Step-by-step explanation:

Answer:

so x = 168

Step-by-step explanation:

[tex]3 - \frac{x}{12} = -11\\-\frac{x}{12} =-14\\-x = -168\\x = 168[/tex]

Please help ASAP thank you!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

58.9 m

Step-by-step explanation:

To find the width, use the area by dividing 215.2/16 to get 13.45. You now have the length and the width so add 16 + 16 + 13.45 + 13.45. You get 58.9.

Hope it helps!

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Answers

Answer:

D

Step-by-step explanation:

Answer: The answer is D

I really do hope this is the answer but I am really sorry if this is wrong

Step-by-step explanation:

the main equation would be

210+3x>288

first I divided 210 by 3 to see how many mugs he has sold first. Then I got an answer of 70 mugs sold. after that i subtracted 210 from 288 and got 78. After this I divided 78 by 3 to get a count of how many mugs Ronny needs to sell. so The total amount of mugs Ronny needs to sell to reach his goal of 288$ is 96. But he has already sold 70 so he needs to sell 26 more mugs.

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?

Answers

Answer:

1

Step-by-step explanation:

help giving a brainlist

Answers

The baker made 144 muffins Monday and 240 muffins Tuesday

How this helps :)

4x + 1/3y^2 What is the value of the expression above when x = 2 and y = 3? You must show all work and calculations to receive full credit.

Answers

4x+1/3y^2
4(2)+1/3(3)^2
8+1/3(9)
8+3
= 11
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