If sally invests $400 into the Bank of Reyonds that offers her a 6% interest, compounded monthly, how much money will she have in the bank in 5 years?

Answers

Answer 1

Given:

Principal = $400

Rate of interest = 6% compounded monthly

Time = 5 years.

To find:

The amount in the bank after 5 years.

Solution:

The formula for amount is:

[tex]A=P\left(1+\dfrac{r}{n}\right)^{nt}[/tex]

Where, P is principal, r is the rate of interest, n is the number of time interest compounded in an year and t is the number of year.

Interest compounded monthly. So, [tex]n=12[/tex].

Putting [tex]P=400, r=0.06, n=12[/tex] and [tex]t=5[/tex], we get

[tex]A=400\left(1+\dfrac{0.06}{12}\right)^{12(5)}[/tex]

[tex]A=400\left(1+0.005 \right)^{60}[/tex]

[tex]A=400\left(1.005 \right)^{60}[/tex]

[tex]A\approx 539.54[/tex]

Therefore, the amount of money in the bank after 5 years is $539.54.


Related Questions

An artist pays an art show director $ 86 to reserve a booth at the show and $ 15 per painting sold at the show

Answers

The question is incomplete:

An artist pays an art show director $ 86 to reserve a booth at the show and $ 15 per painting sold at the show. Which statement is true?

a. The expression 15 p + 86 represents the total amount of money the artist pays the art show director for selling p paintings at the art show.

b. The expression 15 p + 86 represents the total number of paintings, p , the artist sells at the art show.

c. The expression 86 p + 15 represents the total amount of money the artist pays the art show director for selling p paintings at the art show.

d. The expression 86p+15 represents the total number of paintings, p, the artist sells at the art show.

Answer:

a. The expression 15 p + 86 represents the total amount of money the artist pays the art show director for selling p paintings at the art show.

Step-by-step explanation:

With the information provided, you can say that the total  amount the artist pays for selling a certain number of paintings is equal to the result of multiplying the price per painting for the number of paintings plus the amount to reserve a booth at the show. So, the expression that represents this situation 15p+86. According to this, the answer is the expression 15 p + 86 represents the total amount of money the artist pays the art show director for selling p paintings at the art show.

explanation ASAP please.

Answers

Triangle area is 1/2 bh
So 11.9 is about 12, 7.1 is about 7.
7x12 = about 84 sq, cm

Answer:

Estimate = 1/2(12)(7) = 42 cm²

actual area = 42.25 cm²

Step-by-step explanation:

area = 1/2bh = 1/2(11.9)(7.1) = 42.25 cm²

Ben and Landon took turns driving on the recent 820 mile road trip Ben averaged 60 mph while Landon average 56 mph if the trip took them 14 hours how many hours did Landon Drive

Answers

Answer:

9 hours

Step-by-step explanation:

Let :

Landon hours = x

Ben hours = y

x + y = 14 - - (1)

60x + 56y = 820 - - - (2)

From (1)

y = 14 - x

60x + 56(14 - x) = 820

60x + 784 - 56x = 820

4x = 820 - 784

4x = 36

x = 36/4

x = 9

Landon drove for 9 hours

what expression best estimates -18 1/4 ÷ 2 2/3
a. 18÷3
b. -18÷3
c. -18÷(-3)
d. 18÷(-3)​

Answers

B) because if you round your numbers, -18 1/4 is -18 and 2 2/3 rounds up to positive 3

Write an equation when the two angles together are supplementary. solve for x

Answers

lol ur from trms

Step-by-step explanation:

6
5
4
2
1
-3 -2 -1
2.
3 4
5
6 7
-1
-2
-3
-4
Equation:

Answers

Answer:

(-1,5)

(0,2)

(-1,1)

(2,-4)

Answer:

y = -3x + 2

Step-by-step explanation:

Rise (y'-y): 2-5 = -3

Run ( x'-x): 0 - -1 = 1

slope (m): rise/run = -3/1

y intercept (b): 2

Equation: y = mx + b

y = -3x + 2

You buy a TV that costs $550 and you pay 6% sales tax. How much do you pay in total for the TV?
$33
$583
$517
$187

Answers

Answer:

$583 :)

Step-by-step explanation:

well we know the sales tax is %6 and to find out how much money it is equal to we have multiple $550 x 0.06. after that we get $33. Add $33 to $550 and you get $583!

Natalie uses a 15\%15% off coupon when she buys a camera. The original price of the camera is \$ 45.00$45.00. How much money does Natalie save by using the coupon? ​

Answers

Answer:

Natalie saves $6.75 by using the coupon.

Step-by-step explanation:

With the information provided, you can find the amount Natalie saves by calculating 15% of the original price of the camera as that is the discount percentage:

Original price=45

45*15%=$6.75

According to this, the answer is that Natalie saves $6.75 by using the coupon.

Rewrite the expressions by using the distributive property and collecting like terms. 1/6(12s + 6)

PLEASE HELP

Answers

For the distributive property, multiply the number outside the parentheses by each term inside the parentheses.

1/6 x 12s = 2s

1/6 x 6 = 1

Now combine them to get the final answer: 2s + 1

The digit 4 has a greater value in because its value is as much as its value in .

Answers

Question:

Fill in the blanks to complete the statements about the numbers 0.04 and 0.004. In 0.04, the digit 4 is in the place. In 0.004, the digit 4 is in the place.

The digit 4 has a greater value in because its value is as much as its value in

Answer:

The digit 4 has a greater value in because its value is as much as its value in  0.04

Step-by-step explanation:

Given

0.04 and 0.004

Required

Which has a greater value of 4

In 0.04, the value of 4 is hundredths i.e. 0.01

In 0.004, the value of 4 is thousandths i.e. 0.001

By comparison:

[tex]0.01 > 0.001[/tex]

So, 4 has a greater value in 0.04 than 0.004

Ann took a taxi home from the airport. The taxi fare was $2.10 per mile, and she gave the driver a tip of $5. Ann payed a Total of $49.10. (actual question is on screenshot below)

Answers

There would have been 21 miles in between the airport and her home

Isabel baked 2 dozen oatmeal cookies for her family. If two-thirds of the cookies were oatmeal, how many total cookies did Isabel bake?

Answers

Answer:

36 total cookies

Step-by-step explanation:

2 dozen = 2/3 of the total cookies

24 = 2/3 of the total cookies

24/x = 2/3

cross multiply

24(3) = 2x

72 = 2x

x = 36

Check the math: 2/3 x 36 = 72/3 = 24

How do I do this???????

Answers

Answer:

42

Step-by-step explanation:

alternate exterior angles are equal. Therefore 32 = y - 10. Solving for y:

y - 10 = 32

y = 32+10

y = 42.

Angle 24* and 4x* are equal

And angle 32* and (y-10)* are equal

24=4x
x=6

(y-10)=32
y=32+10
y=42

plsss help i’ll give brainliest if you give a correct answer

Answers

Answer:

1800

Step-by-step explanation:

Answer:

she will type 1,800 words in thirty minutes.

Explanation:

60x30=1800

Please help me! I need this answered fast!

Answers

Answer:

Question 1: A

Question 2: C

Step-by-step explanation:

The answer to question 1 is A. I know this is correct because Max needs to earn 108 dollars for the headphones he wants so the amount of money he earns per hour which is 15, times the amount of hours he needs to work which is x has to be greater than 108. So, the inequality equation has to be 15x > 108 which is answer A.

The answer to question 2 is C. I know this is correct because Felicia has 2 sisters which make 3 sisters in total to pay for the gift. They all pay evenly, so the first part of the equation would be 3x. The cost for the gift is less than 80 dollars, so we write the inequality equation like 3x < 80 which is answer C.

Evaluate 7d, when d = 9 please!

Answers

Answer:

63

Step-by-step explanation:

When d=9, the equation should be 7 times 9 because you need to plug 9 in. Therefore, 7 times 9 is 63! I hope that helps!

((will give brainliest)) What is the output of the function y = 12 + 3x if the input is 5.​

Answers

Answer:

y = 27

Step-by-step explanation:

The output is the value of y when x = 5

Substitute x = 5 into the function , that is

y = 12 + 3(5) = 12 + 15 = 27 ← output

output is 27

to solve you plug in the input into x and rewrite the equation as y=12+3(5) then you add 12+15 and get y=27

A bag contains 24 discs.
8 are red and 16 are blue.
One disc is taken out at random and replaced by two of the other colour.
Another disc is then taken out at random and replaced by two of the other colour.
Another disk is taken out at random
Work out the probability that all three discs are taken out red

Answers

Answer:

Step-by-step explanation:

8/24 are Red

Pick and return 2

So it will be 7/25

Again pick and return 2

Then it is 6/26

Now multiply the results

8/24 × 7/25 × 6/26 = 7/ 325

The probability that all three discs are taken out of red will be 7/ 325.

What is probability?

Probability is defined as the ratio of the number of favourable outcomes to the total number of outcomes in other words the probability is the number that shows the happening of the event.

Probability = Number of favourable outcomes / Number of sample

Given that a bag contains 24 discs. 8 are red and 16 are blue. One disc is taken out at random and replaced by two of the other colour. Another disc is then taken out at random and replaced by two of the other colour.

The probability will be calculated as,

Red = 8/24

Pick and return 2 it will be 7/25

Again pick and return 2 then it is 6/26

Now the overall probability will be,

P = 8/24 × 7/25 × 6/26 = 7/ 325

Therefore, the probability that all three discs are taken out of red will be 7/ 325.

To know more about probability follow

https://brainly.com/question/24756209

#SPJ2

In the early 2016 there were about 80 devils living on Maria island.Of that total, 75% are offspring from the previous two breeding seasons. How many are offspring

Answers

Answer: 60 devils

Step-by-step explanation:

Question wants to know the number of offspring from the two previous breeding seasons.

There are 80 devils on the island. 75% of this 80 are from previous breeding seasons.

We need to find this 75% in whole numbers:

= Percentage of devils from previous seasons * Total number of devils

= 75% * 80 devils

= 60 devils

Find the unknown length x in the right triangle, to the nearest tenth.
D
26
F
Х
55
E
What is the length for x

Answers

sin55 = x/26

26sin55 = x

x = 21.298

There are 16 colored pencils and 8 colored pencils will fit in a box. How many boxes will the 16 pencils fill?

Answers

Given:

Total number of colored pencils = 16

Colored pencils fit in a box = 8

To find:

The number of boxed that will fit the 16 pencils.

Solution:

According to the question 8 colored pencils will fit in a box. So, we have

8 pencils = 1 box

Multiply both sides by 2.

2×8 pencils = 2×1 box

16 pencils = 2 box

Therefore, 2 boxes are required to fit the 16 colored pencils.

Choose which line represents the line of the best fit

Answers

Answer:

Step-by-step explanation:

I would say B

It’s online B. I mean idrk how else to explain this other than find a line that looks like it’s the closest to connecting the dots

pls help :(

What is the sum of the roots of the quadratic function
below?
(3x + 2)(3x - 5)

Answers

Roots: -2/3, 5/3
*Sum of roots: -2/3+5/3= 1*
Product of roots: -10/9


Answer in this case is....1

If x= 5, y= 3 and z= -2, find the value of 3x + 5z​

Answers

3x + 5z = 3 * 5 + 5 * (-2) = 15 - 10 = 5

Answer:

15 + -10

Step-by-step explanation:

3(5) + 5(-2)

15 + -10

Beth is two years older than Julio. Gerald is twice as old as Beth. Debra is twice as old as Gerald. The sum of their ages is 38. how old is Beth?

Answers

Answer:

Beth is five years old.

Step-by-step:

Beth + Julio + Gerald + Debra = 38

B + (Beth - 2) + (2 x Beth) + (2 x Gerald) = 38

Since we know that Gerald is twice as old as Beth and Debra is twice as old as Gerald. That makes Debra four times older than Beth.

Beth + (Beth - 2) + (2 x Beth) + (4 x Beth) = 38

B +  (B -2) + (2B) + (4B) = 38

Simplfy the like terms.

8B - 2 = 38

Add 2 on both sides.

8B = 38 + 2

8B = 40

Divide both sides by 8 to isolate the variable.

8/8 B = 40/8

B = 5

HELP HAVING A BAD DAY


Roger can finish his math homework in 6 hours. Trish can finish the same homework in 5 hours. What part of the homework will Roger and Trish finish if they work together for x hours?

I WILL REWARD BRAINLIEST FOR THE CORRECT ANSWER

Answers

Answer:

Rodger and Trish will finish the homework together for 30 hours. x=30

Step-by-step explanation:

This is a very simple problem. Its an lcm problem (lcm means lowest common multiple)

To find the lcm you must find the common number the two numbers 5 and 6 share which is 30. Hope that helps, sorry your having a bad day. (i am too bad days suck)

6    5

12   10

18   15

24   20

30   25

       30

And the file the other person shows never work, they are bots (robots) who waste your time answering your questions and waste your brainly points. ugh it gets to annoying.

Roger and Trish can finish 11x/30 of the homework if they work together for x hours.

What is Expression?

An expression is combination of variables, numbers and operators.

Let the total amount of work in the math homework is 1.

In one hour, Roger can finish 1/6 of the work, and Trish can finish 1/5 of the work. So, working together for one hour, they can finish:

(1/6) + (1/5)

= (5/30) + (6/30)

= 11/30 of the work.

If they work together for x hours, then they will finish:

x × (11/30) = 11x/30

of the work in x hours.

Therefore, Roger and Trish can finish 11x/30 of the homework if they work together for x hours.

To learn more on Expressions click:

https://brainly.com/question/14083225

#SPJ3

A boat traveled 12 miles north and then
22.5 miles east. What is the shortest
distance the boat must travel to return
to its starting point?

Answers

Answer:

25.5 mi

Step-by-step explanation:

12 22.5  X

Let X be the shortest distance we are trying to find.

a units 2 b units 2 c units 2

12 units 2 + (22.5)=c units 2

144+506.25=c units 2

650.25=c units 2

[tex]\sqrt{x} 650.25[/tex]=c units 2

25.5

James, Reed, Spencer and Larry have 912 cups of trail mix for their hike. If they each eat the same amount of trail mix, how many cups will each person eat?

Answers

Answer:

228 cups

Step-by-step explanation:

the cups each person will eat can be found by dividing the total number of trail  by the number of people who went on the hike

total number of people on the hike = 4

total cups of trail = 912

912 / 4 = 228 cups

what is the
spuare root of 144​

Answers

Answer:

The square root of 144 will be 12

Answer:

12 is the answer

Step-by-step explanation:

12x12=144

Help me if you know how to do this!!!

Answers

Answer:

Volume = 1099 cm³

Step-by-step explanation:

Volume = πr²h = 3.14(5²)(14) = 1099 cm³

Other Questions
A characteristic used to describe something is called a Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic competency?A personal competency is something you are born with, whereas an academic competency is something a teacher gives youA personal competency is something warned from schooling, while an academic competency is something learned through readingA personal competency is a skill that is part of your character or personality, whereas an academic competency is generally learned through schoolingA personal competency is something that you cannot develop, whereas an academic competency is something that you can learn The _______, which ended World War I, set the stage for World War II in the ways it punished Germany. Identify the two most important rights held exclusively by U.S. citizens. Please help Ill give brainlieast Great Britain taxed the colonies to repay its debt. Why was Great Britain in debt? A. It owed Spain money for building British ships. B. It owed France money because France sent soldiers to help the British control the colonists. C. It had borrowed money to fight the French and Indian War. D. It owed the colonists money for imports of raw materials.PLEASE HELP! Summary of the corner store? IM GONNA FAIL MY QUADRATIC FORMULAS TEST HELP PLSSS!I need you to tell me how many of these formulas I can use on the equation:a) Square Rootsb) Quadratic Formulac) Completing the Squared) Factoring/Zero Product Property solve each system by substitution y=2x-1. 3x+8y=11 Parts of the Arctic have 21 hours of daylight each summer day. Whatfraction of the day is dark? Show your work. Write your answer in lowestterms.ok so can someone please answer because this is for a test Suppose the production of long-distance airline flights is described by a fixed proportion production process in which three crew members (i.e., labor) are required for each aircraft (i.e., capital). If the airline operates with four crew members per plane, then we know that: A. the production process violates diminishing margin returns. B. production at this point is technically inefficient. C. the isoquants for this production process are upward sloping. D. the airline will have negative profits. HELP ASAP WILL GIVE BRIENLIST This photograph shows Dr. Martin Luther King, Jr., and other civil rights leaders at the "March on Washington" in1963. What conclusion can be made from thisphotograph?-Whites as well as blacks participated in the struggle against racial discrimination-A Philip Randolph was unable to attend the March on Washington-Dr. King refused to work with whites in the struggle against segregation-The March on Washington successfully persuaded states to prohibit racial segregation HELP MARK BRANLIEST AND ALSO POINTS Helppppppp...????????????????????? In what way was the ratification of the Fourteenth Amendment a reflection ofthe historical context surrounding the late 19th century?A. It guaranteed equal rights regardless of race at a time whenformer African American slaves were vulnerable to extremediscrimination.B. It sought to end racial segregation at a time when AfricanAmericans were beginning to launch a major civil rightsmovement.C. It empowered state governments to deal with racial segregation ata time when Americans were extremely skeptical of increasingfederal power.D. It applied the Bill of Rights to the states at a time when moststates recognized no individual rights for their citizens. Opera history began:A. With the meetings of the Florentine CamerataB. When Lully wrote ArmideC.When Rameau published La nuove MusicheD.With the first preformance of Orfeo ed Euridice by Gluck For which value of x must the square root 97x be further simplified T-lymphocytes are created in the bone marrow and then developed in thespleen.adenoids.thymus.tonsils. A middle school has 500 students. A survey was given to 50 randomly selected students, and 25 said they would buy fresh fruit in the cafeteria if it were offered. How many students all together could be expected to buy fresh fruit from the cafeteria if it were offered? plsss help ASAP !! giving the brainlest answer to whoever can help me out?? plsss