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

4. A dog shelter recorded the number of dogs, d, in their care as well as the pounds of dog food, f, the dogs consumed in a day. The table represents the relationship between the number of dogs, d, and the amount of food they ate, f. Name the independent variable and the dependent variable and explain.

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independent variable doesn’t change, dependent variable has a value that depends on another,

What is the probability you would spin a number less than 10 and then a number in green?

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On a coordinate plane, a line goes through (0, 4) and (4, 16). The line representing the first table is shown in the graph. What is the solution to the system of linear equations represented by both tables? 2 tables. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 2, 0, 2, 4. Column 2 is labeled y with entries negative 2, 4, 10, 16. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 2, 0, 2, 4. Column 2 is labeled y with entries 18, 16, 14, 12.

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Answer:

x=3

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Step-by-step explanation:

okay so what that means is that the two equations are y=-x+16 and y=3x+4

so y+x=16

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so 4x=12 so x=3

y=13 is the solution

Answer:

On a coordinate plane, a line goes through (0, 4) and (4, 16).

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2 tables. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 2, 0, 2, 4. Column 2 is labeled y with entries negative 2, 4, 10, 16. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 2, 0, 2, 4. Column 2 is labeled y with entries 18, 16, 14, 12.

✔ (3, 13)

Step-by-step explanation:

The person above me is correct im just showing you guys that they are i just checked

11. How much longer is the Canada goose egg than the raven egg?
12. How much wider is the turtledove egg than the robin egg?

Answers

2 2/10 is wider and 2 1/5 longer

Answer:

11. 1 1/2

12.  3/10

Step-by-step explanation:

11.

Answer:

=1 1/2

Solution by separating parts

Rewriting our equation with parts separated

=3+2/5−1−9/10

Solving the whole number parts

3−1=2

Solving the fraction parts

2/5−9/10=?

Find the LCD of 2/5 and 9/10 and rewrite to solve with the equivalent fractions.

LCD = 10

4/10−9/10=−5/10

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−5/10=−1/2

Combining the whole and fraction parts

2−1/2=1 1/2

12:

=3/10

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Solving the fraction parts

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What is the measure of angle PRQ of the bigger triangle? (Note: The triangles are not drawn to scale.)

Answers

C buddy from what I could come out with

Answer:

c

Step-by-step explanation:

Pls help it is due today

Answers

Answer:

20

Step-by-step explanation:

10 * 2 = 20

Answer:

the input would be 20

Step-by-step explanation:

It is dividing by 2 to get the output so if you need the input, you would multiply by 2

10 times 2 would be 20

If she would have left the money in the account for another nine months before withdrawing how much interest would the account have earned

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Depends how much is going on each month
Ya what that person said A

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Answer:

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Answer:

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Answers

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The figure shown is a square with a triangular hole cut into one side. The ratio of the height h of the
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Answers

it should look like this

The graph of the function [tex]y = \frac{1}{2}x-1[/tex] is attached below.

A graph is plotted on the cartesian plane and represents a mathematical function in a geometrical form.

To plot the function [tex]y = \frac{1}{2}x-1[/tex] in the graph, it is needed to obtain a minimum of two points from which the line of this function passes.

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Answers

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Order Of operation.


13) A football team completed three passes for 18 yards each and two runs for 12 yards each, but was also assessed four penalties which cost them 5 yards each. Write a numerical expression which would determine how many yards they have gained or lost.

Answers

Answer

18(2)+12(2)-4(5)

36+24-20

60-20

40

Step-by-step explanation:

since they had two-18 yard passes and two 12 yard runs, that's the first part of the expression, and then they had four penalties that cost them 5 yards, and that was the last term. When you simplify, you end up with 40 yards gained.

In math

Passes: 18(2)

Runs: 12(2)

Penalties:4(5)

equation

18(2)*12(2)-4(5)

Hope it helped

18(2)+12(2)-4(5)
Sorry I don’t have an explanation.

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Answers

Answer:

f

Step-by-step explanation:

because the h's cancel each other out.

Answer:

f

Step-by-step explanation:

i believe thats right...

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Answers

The answer is 20 I think so

Please help 15 points and brainliest




Use the table above. What is the probability of choosing a BOY? Give your answer as a Fraction, Decimal, and Percent.

Fraction:
Decimal:
Percent:
Use the table above. What is the relative frequency of GRADUATES? Give your answer as a Fraction, Decimal, and Percent

Fraction:
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Use the table above. What is the probability of choosing a BOY who GRADUATES? Give your answer as a Fraction, Decimal, and Percent

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Decimal:
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There is no table in your question.

Step-by-step explanation:

Dont know where to get the last point help!!

Answers

Answer:

230 i believe because multiplication

For what value of b, a polynomial in standard form, equivalent to the product of
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Answers

B the answer is Has equal coefficients for x^3 and for x
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Answers

6>6(12x+2)
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6/72

Answer:

12 > 72x + 2

Step-by-step explanation:

12 > 6(12x + 2)

12 > 72x + 2

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Answers

Answer:

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Step-by-step explanation:

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The baker made 10 total muffins on monday

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Step-by-step explanation:

A closed circle on the number line means that the number ______________________ a possible solution.

Group of answer choices

is

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Answers

Answer:

A closed circle on the number line means that the number is a possible solution.

Step-by-step explanation:

An open circle on the number line means that the number is not a possible solution.

A closed circle on the number line means that the number is a possible solution. Unfalsifiable arguments are referred to as closed-circle arguments.

What is meant by closed circle?

Unfalsifiable arguments are referred to as closed-circle arguments. The supporters of Karl Popper, for instance, point to psychoanalytic theory as an illustration of an ideology rather than a science.

A circle is a spherical shape without boundaries or edges. A circle is a closed, curved object with two dimensions in geometry.

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I'LL GIVE BRAINLIEST:

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Answers

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Answer:

d

Step-by-step explanation:

plzzzzzzzz Hel:p plzzzz i will give brianlest The weight limit on a bridge is 5 tons. A truck that weighs 2,943 pounds breaks down on the bridge. How much more weight (in pounds), can the bridge hold?

Answers

1705 pounds...........
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Answers

Answer:

the first one because supplementary means angles which add up to 180 and 180 degrees is a straight line and the third one because they both share the same vertex and side

Step-by-step explanation:

i need helpppppp with this

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Answer:

32

Step-by-step explanation:

Subtract 50 - 20 = 32 Sorry not good with math

Answer:

Step-by-step explanation: you need to times the 20 and 52

then rownd to the nerest hundered inch

Complete the equation to represent the relationship. Then solve the equation. Drag and drop each term or number into the correct box to complete the equation and solve for x.

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The equation is _ − _ = _ + _

x = ___

Answers

Answer:

66

Step-by-step explanation:

Let the number be  

x

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Pls help it is due today

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