If $5000 is put into a savings account that pays
3.5% interest compounded monthly, how much
money, to the nearest ten cents, would be in that
account after 6 years, assuming no money was
added or withdrawn?

Answers

Answer 1

Answer:

17600

Step-by-step explanation:

calculator

Answer 2

Based on the amount of money being saved and the amount of time it will be saved, the amount in the account after 6 years would be $6,166.51

The interest is compounded monthly which means that you need to convert the interest to a monthly figure as well as the number of years you will be investing:

3.5% / 12 months = 3.5/12%

6 years x 12 = 72 months

The amount after 6 years is:

= Amount x (1 + rate) ^ number of periods

= 5,000 x (1 + 3.5/12%)⁷²

= $6,166.51

In conclusion, the amount in the account after 6 years is $6,166.51.

Find out more at https://brainly.com/question/20883478.


Related Questions

n/4 + 1 =5 how do I solve this and show my work​

Answers

Answer:

n=16

Step-by-step explanation:

n/4 + 1 = 5

inverse operations, (subtract the one from both sides)

n/4 = 4

inverse operations, multiply by 4 on both sides, (you're isolating the variable)

n = 16

Last minute Help me out please and thank you

Answers

Answer:

10-132-×/÷647 answer hai bro

negative six plus a number
is less than or equal to fifteen

Answers

Answer:

-6+x≤15

negative six: -6

plus: +

a number: variable (I chose x)

Less than or equal to: ≤ (an inequality)

fifteen: 15

Answer:

-6 + n ≤ 15

or

n ≤ 21

Step-by-step explanation:

negative six is -6

plus a number would be a variable (I will use n) + n

is less than or equal to would be ≤

fifteen is 15

-6 + n ≤ 15

If you want to solve it, continue

-6 + n ≤ 15

+6         +6

n ≤ 21

I hope that this helps! :)

CAN ANYONE PLZ ANSWER MY LAST QUESTION?????????!!!!!!!!!!!!!!!!

Answers

Answer:

what is the question? lol

Step-by-step explanation:

Answer:

what question ??

Step-by-step explanation:

1
How many – cup servings of ice cream are in 3 cups of ice cream?
4

Answers

Answer:

well.......................................3 cups are in a cup serving

Step-by-step explanation:

Answer:

3

Step-by-step explanation:

PLEASE HELP ME IM MARKING ANSWER BRAINLIEST RIGHT NOW!!Mr. Youngbear buys T-shirts in boxes
of 20 for $80 per box. He sells the
T-shirts for $6 each. How much profit
has he made after selling 93 T-shirts?

Answers

Step-by-step explanation:

1. Ok so first we need to figure out how many boxes of shirts he bought. In each box there are 20 shirts and he sold 93. So if we round it, he bought about 100 T-shirts. 100 ÷ 20 = 5. So he bought 5 boxes of shirts.

2. Next we need to figure out how much he spent on the shirts. 5*80=400. So he spent $400 dollars on the shirts.

3. We need to find out the amount of money he made from selling the shirts. 6*93=558  

4. We need to find the profit so you subtract the total expenses from the total revenue. 558-400= 158.  So the profit is $158

Answer: Mr. Youngbear made 158 dollars worth of profit after selling 93 T-shirts.

(I dont know if this is correct, but I hope I was able to help!)

A math quiz has 10 questions and is scored out of 100. Each question is worth the same. The function S(q) represents the quiz score, S, in terms of the number of correctly answered questions, 2-
Determine whether each statement below is true or false. Select True or False for each statement.
True False
Sla) represents a quantity that changes at a constant rate per unit interval.
Sla) represents a quantity that changes at a constant percent rate per unit interval
S[9) represents a linear function
S(a) represents an exponential function

Answers

Answer:  S(q) represents a quantity that changes at a constant rate per unit interval is true and S(q) represents a linear function is true. The rest is false. Hope this helps

Step-by-step explanation:

To begin solving this system of linear equations by elimination , you can add the equations . x + 4y = 38 5x - 4y = -30 8x = 8 This step works because of the distributive property B. multiplication property of equality C. commutative property D. addition property of equality

Answers

Answer: D. Addition property of equality

Step-by-step explanation:

how to find the sale price of an item that has been discounted 25%

Answers

Answer:

Multiply the normal price of the item by .25 and then subtract that from the normal price.

Step-by-step explanation

[tex]x -(x*.25)[/tex]  

x is the item

Step-by-step explanation:

100%-25%= discounted price= 75%

You do the discounted price divided by 75 to find 1%

do that times 100 to find the pre-discounted price.

e.g

find the original price of a sweater when it was on sale of 25%. the sale price is £15.00.

£15.00 = 75%

15.00 divided by 75 = 1% =£0.20

£0.20 x 100 = pre-sale price = £20.00

The price of the sweater before the sale is £20.00.

You are welcome xx

4(2x−9)=4 solve for x

Answers

Answer: x=5

Step-by-step explanation:

Distribute the 4 to the 2 and 9 and you will get (8x-36)=4.

Then you'd add the 36 to 4 to get 40.

Lastly you'd divide 8 and 40 to get 5. Hope this helps!!!

what is the initial value of the exponential function shown on the graph? a. 0, b. 1, c. 2, d. 4

Answers

Answer:

D

Step-by-step explanation:

4 is the initial value of the exponential function shown on the graph.

Have a great day

Which symbols correctly relate the two numbers
39 ? 39

Answers

Answer:

=

Step-by-step explanation:

Answer:

39=39

Step-by-step explanation:

because it is the same number so it equals each other

Tlus
Reduce answers to their lowest
terms and mixed forms.
5
+
7

Answers

Answer:

41/28

Step-by-step explanation:

mixed form is 13/28*1

follow me please.

Natalia solved the problem
74
.
4
÷
12
=
6
.
2
. Complete the model with partial products to check Natalia's work using multiplication.

A large rectangle is broken into 4 smaller rectangles The top line is labeled 6 and 0.2. The left side is labeled 10 and 2. The rectangles are divided between those labels. The top left rectangle is labeled A. The top right rectangle is labeled B. The bottom left rectangle is labeled C. The bottom right rectangle is labeled D.

Part A
Drag values to the boxes to complete the partial products. Not all choices will be used.

0.4 1.2 2 4 6 12 20 60


The product for A =
.

The product for B =
.

The product for C =
.

The product for D =
.

Part B
Choose the words to complete the statement.

Natalia's work is
correct
, because the total of the partial products is
Choose...
as the dividend.

Answers

Answer:

The product for A = 60

The product for B = 2  

The product for C = 12

 

The product for D=0.4

Choose......correct, Choose.....the same

Step-by-step explanation:

I had the same question on a test and this is the correct answers. Hope this helped!

The head of maintenance at XYZ Rent-A-Car believes that the mean number of miles between services is 4959 miles, with a standard deviation of 448.If he is correct, what is the probability that the mean of a sample of 43 cars would differ from the population mean by less than111 miles? Round your answer to four decimal places.

Answers

Answer:

0.8958

Step-by-step explanation:

Given that:

The mean [tex]\mu[/tex] = 4959

The standard deviation [tex]\sigma[/tex] = 448

The sample size n = 43

[tex]\mu_{\overline x} = \mu = 4959[/tex]

[tex]\sigma __{\overline x}} = \dfrac{\sigma}{\sqrt{n}}= \dfrac{448}{\sqrt{43}}[/tex]

By applying the central limit theorem;

[tex]\overline X \sim N \bigg( \mu_{\overline x} = 4959 , \sigma_{\overline x} = \dfrac{448}{\sqrt{43}}\bigg )[/tex]

The purpose of this question is to calculate the probability that the mean of a sample of 43 cars would differ from the population mean by less than111 miles.

This implies that;

[tex]P( |\mu-\overline x| <111) = p( 4959-111 < \overline X < 4959 +111)[/tex]

[tex]= P( 4848 < \overline X < 5070)[/tex]

[tex]= P \bigg ( \dfrac{ \overline x - \mu_x }{ \dfrac{\sigma}{\sqrt{n}}} < Z < \dfrac{ \overline x - \mu_x }{ \dfrac{\sigma}{\sqrt{n}}} \bigg )[/tex]

[tex]= P \bigg ( \dfrac{4848 -4959 }{ \dfrac{448}{\sqrt{43}}} < Z < \dfrac{5070 -4959 }{ \dfrac{448}{\sqrt{43}}} \bigg )[/tex]

[tex]= P \bigg ( \dfrac{-111 }{ 68.319} < Z < \dfrac{111 }{68.319} \bigg )[/tex]

[tex]= P ( -1.6247< Z < 1.6247 )[/tex]

= P ( Z < 1.627 ) - P(Z < -1.627)

From the standard normal tables

= 0.94791 -0.05208

= 0.89583

0.8958  to four decimal places.

1 +1 = ???????????????????????????

Answers

Answer:

IT 2

Step-by-step explanation:

The sum of two numbers is 58. The difference between the same two numbers is 6. Find the two numbers, and then find the PRODUCT of the two numbers.

Answers

Answer:

26 and 32 are the two numbers, the product is 832

Lee has 3 dog walking customers. Each month he gains another customer. Which arithmetic sequence represents the number of customers he has?
Group of answer choices

a1 = 3; an = an-1 + 1

a1 = 1; an = an-1 + 3

a1 = 1; an = an+1 + 3

a1 = 3; an = an+1 + 1

Answers

Given:

Lee has 3 dog walking customers.

Each month he gains another customer.

To find:

The arithmetic sequence that represents the number of customers he has.

Solution:

Initial number of customers = 3

First term : [tex]a_1=3[/tex]

Each month he gains another customer.

Common difference : [tex]d=1[/tex]

Recursive formula of an AP is

[tex]a_n=a_{n-1}+d[/tex]

where, d is common difference.

Substituting d=1, we get

[tex]a_n=a_{n-1}+1[/tex]

So, the required arithmetic sequence is [tex]a_n=a_{n-1}+1[/tex], where [tex]a_1=3[/tex].

Therefore, the correct option is A.

what is 23 plus 5?? pls help me ASAP

Answers

The answer to your question is 28

9.81 rounded to the nearest 10th is what?

Answers

Answer:

9.80

Step-by-step explanation:

Find the volume of the cylinder please

Answers

Answer:

105.m3

Step-by-step explanation:

Please answer!!!!!!!!!!!!!

Answers

I need help as well
Ok so first solve for the 90 degree equation because you already know what degree it is. So 90- 18 then you divide by 8 and you get 9. X = 9

That means KLM is 184
And M is 84

M is 84 because a full triangle is 360 and if we have the other two degrees we subtract that from 360.
So 360-90=270
And 270-184=86!

Tell me if that makes sense and if you can please mark brainliest (idek how to spell at this point)

HELP PLEASE!!!!

Describe two ways to find the distance between
two points on a Coordinate Plane.

Answers

distance formula and midpoint formula

distance: to find the distance between two points on a plane

midpoint: to find the midpoint between two points

Solve the inequality for t: 0.1−2t≥0.7

Answers


(1): "0.7" was replaced by "(7/10)". 2 more similar replacement(s)


Rearrange the equation by subtracting what is to the right of the greater equal sign from both sides of the inequality :

(1/10)-2*t-((7/10))≥0

7
Simplify ——
10

1 7
(—— - 2t) - —— ≥ 0
10 10

1
Simplify ——
10

1 7
(—— - 2t) - —— ≥ 0
10 10

Subtracting a whole from a fraction

Rewrite the whole as a fraction using 10 as the denominator :

2t 2t • 10
2t = —— = ———————
1 10
Equivalent fraction : The fraction thus generated looks different but has the same value as the whole

Common denominator : The equivalent fraction and the other fraction involved in the calculation share the same denominator

Adding up the two equivalent fractions
Add the two equivalent fractions which now have a common denominator

Combine the numerators together, put the sum or difference over the common denominator then reduce to lowest terms if possible:

1 - (2t • 10) 1 - 20t
————————————— = ———————
10 10

(1 - 20t) 7
————————— - —— ≥ 0
10 10

Adding fractions which have a common denominator
Combine the numerators together, put the sum or difference over the common denominator then reduce to lowest terms if possible:

(1-20t) - (7) -20t - 6
————————————— = ————————
10 10

5.1 Pull out like factors :

-20t - 6 = -2 • (10t + 3)

Equation at the end of step
5
:

-2 • (10t + 3)
—————————————— ≥ 0
10
STEP
6
:

6.1 Multiply both sides by 10

6.2 Divide both sides by -2

Remember to flip the inequality sign:

6.3 Divide both sides by 10

t+(3/10) ≤ 0


Solve Basic Inequality :

6.4 Subtract 3/10 from both sides

t ≤ -3/10

Inequality Plot :

6.5 Inequality plot for

-2.000 X - 0.600 ≤ 0

And the final answer is

t ≤ -3/10

1( m² + 15m + 56) = (____) (m+8)
2 a² +5ab + 6b²=(a +2b (_____)

pastor po ​

Answers

Step-by-step explanation:

1.

[tex] {m}^{2} + 15m + 56 = ( \: \: \: \: \: )(m + 8) \\ solution \\ \: \: taking \: lhs \\ = {m}^{2} + 15m + 5 \\ = {m}^{2} + (7 + 8)m + 56 \\ \: \: \: \: = {m}^{2} + 8m + 7m + 56 \: \: \\ now \: taking \: common \: factor \\ m(m + 8) + 7(m + 8) \\ (m + 7)(m + 8) \\ now \\ {m}^{2} + 15m + 56 = (m + 7)(m + 8)[/tex]

2.

[tex] {a}^{2} + 5ab + 6 {b}^{2} = ( a + 2b)( \: \: \: \: \: \: \: \: ) \\ solution \\ taking \: \: lhs \\ = {a}^{2} + 5ab + 6 {b}^{2} \\ = {a}^{2} + ( 3+ 2)ab + 6 {b}^{2} \\ = {a}^{2} + 3ab + 2ab + 6 {b}^{2} \\now \: taking \: common \: factor \\ a(a + 3b) + 2b(a + 3) \\ (a + 2b)(a + 3) \\ now \\ {a}^{2} + 5ab + 6 {b}^{2} = ( a + 2b)( a + 3) ans[/tex]

this may help you(:

If you scale an object with a scale factor greater than one it will get bigger.

True or False.

Answers

The size of the scale factor affects the size of the copy. A scale factor greater than 1 makes a copy that is larger than the original. A scale factor less than 1 makes a copy that is smaller.

The life of light bulbs is distributed normally. The variance of the lifetime is 900 and the mean lifetime of a bulb is 520 hours. Find the probability of a bulb lasting for at most 576 hours. Round your answer to four decimal places.

Answers

Answer:

0.969

Step-by-step explanation:

Given that:

Mean lifetime (m) = 520 hours

Variance = 900

Hence, standard deviation (s) = √900 = 30

Probability that bulb will last for at most 576 hours

X ≤ 576

Obtain the standardized score :

Using the relation :

Zscore = (x - m) / s

Zscore = (576 - 520) / 30

Zscore = 56 / 30

Zscore = 1.867

P(Z ≤ 1.867) : using the z probability calculator ;

P(Z ≤ 1.867) = 0.96905

Hence, P(Z ≤ 1.867) = 0.969

2 Please help!
Geometry is hard! ​

Answers

Answer:

A

Step-by-step explanation:

If you pull up a graph you can more accurately see it, I just did it in my head

Please help. Brainliest to correct answer.

Answers

i’m 99% sure it’s 21

An artist mixes colors for a painting. She mixes 1.5 ounces of blue with 2.5 ounces of yellow to get the perfect shade of green. If she determines that she will need 12 ounces of green, how much yellow paint will she need?

Answers

Answer:

4.5 ounces of yellow and 7.5 ounces of blue will create 12 ounces of the perfect shade of green.

Step-by-step explanation:

1.5 + 2.5 = 4 ounces.

Multiply by 3

4.5 + 7.5 = 12 ounces

So, she needs 4.5 ounces of yellow.

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