you deposit 2000 in an account earning 3% interest compounded monthly.
a. how much will you have in the account in 20 years
b. how much interest will you earn

Answers

Answer 1

Answer:

  a. 3641.51

  b.  1641.51

Step-by-step explanation:

The future value formula will tell you the amount in the account in 20 years.

Formula

  FV = P(1 +r/n)^(nt)

Principal P is compounded n times per year at annual rate r for t years.

Application

The future value of the account with P=2000, r=0.03, n=12, and t=20 will be ...

  FV = 2000(1 +0.03/12)^(12·20) = 2000(1.0025^240) ≈ 3641.50999

a.

The account value in 20 years will be 3641.51.

b.

The first 2000 of account value is the principal, so the interest is ...

  interest = 3641.51 -2000

  interest = 1641.51

__

Additional comment

Many calculators and all spreadsheets have built-in capability for making this calculation.

You Deposit 2000 In An Account Earning 3% Interest Compounded Monthly.a. How Much Will You Have In The

Related Questions

PLEASE HURRY!

Type the correct answer in each box.
The table shows Alice's age (a) and her daughter Martha's age (m). Complete the table and the equation.

Alice’s Age in Years
(a) Martha’s Age in Years
(m)
28 6
33 _
37 15
41 19
48 _


This equation relates Alice’s and Martha's ages in years.

Alice’s age (a) = Martha’s age (m) + _

Answers

Answer:

33-11

48-26

Alice’s age (a) = Martha’s age (m) + 22

Step-by-step explanation:

In order to find the blank spots you would need to find the difference in the filled spots. We are trying to figure out the difference which is subtraction.

28 - 6 = 22

To make sure we are correct we would do another problem.

37 - 15 = 22

So in order to find Martha's age when Alice was 33, we would subract 22.

33 - 22 = 11

Same when Alice was 48.

48 - 22 = 26

And the last equation is asking the difference between them, which would be 22.

Answer: 11 and 26

Step-by-step explanation:

hope this helps :)

Given two points (-3, 1) and (4, -1) are on a line. Write an equation in slope-
intercept form of the line.
y=____x+____

Answers

Answer:

y=-2/7x+1/7

Step-by-step explanation:

Find the slope first

-1-1/4+3

-2/7

m=-2/7

y=-2/7x+b

1=-2/7(-3)+b

b=1/7

PLEASEEEEEEEEEEEEE ANSWER THIS FASTTTTTTTTTTTTTTTT

Answers

Answer:

B 2:1

Step-by-step explanation:

Fine the area of this figure.what two shapes can you decompose.

Answers

D. 52 cm; a rectangle and triangle

Steps are on paper

Your uncle is 2 years older than 3 times your age.

You are x years old. Write an expression to describe your uncles age.

It would be a lot helpful if you could answer this! :D

Answers

you are x

three times is 3x

2 years older is 3x + 2

Answer:

3x+2

Step-by-step explanation:

3 times x plus 2 since he's 2 years older than that

Please help with this area assignment​

Answers

Answer:

375

Step-by-step explanation:

15 times 25 equals 375

The sum of two numbers is 15. Twice the large
number plus 4 times the smaller number is 24.
Find the large number.

Answers

x+y=15 which equals y=15-x
2x+4y=24
2x+4(15-x)=24
2x+60-4x=24
-2x=-36
x=18
the larger number is 18

It's math,I'll send u a picture!​

Answers

Answer:

suree.

Step-by-step explanation:

lemme see!! I wanna see!! I probably can’t help but I’ll try! :)

The carnival also offers two magic shows. The morning show is only 20 minutes and it costs $3.75. For the afternoon show, it is 35 minutes and costs $5.25. Which show would give you more for your money?

Answers

Answer:

35 minutes

Step-by-step explanation:

The carnival offers two magic shows

The morning show is for 20 mintes at $3.75

= 3.75/20

= 0.1875

The afternoon show is for 35 minutes at $5.25

= 5.25/35

= 0.15

Hence you pay a lesser amount for 35 minutes

a que numero micro corresponde 7/2​

Answers

Answer:

31/2 d nada xdddddddddddddddddddddddddddd

El triple del mayor de tres números pares consecutivos, más 6 es igual al doble del menor. Encuentra el número mayor. Porfaaaa :(

Answers

Answer:

-14. Aunque podría estar equivocado. Espero poder ayudar

Step-by-step explanation:

In a study published in the American Psychological Association's Journal of Personality and Social Psychology, 227 college students were asked to rate their level of aggression and indicate their level of exposure to video game violence. The study found that students who reported playing more violent video games engaged in more aggressive behavior. Which of the following conclusions can you make on the basis of this study?

a. There is no relationship between violent video games and aggression.
b. Nonviolent video games make students less aggressive.
c. Playing violent video games is associated with more aggressive behavior.
d. Violent video games make students more aggressive.

Answers

Answer:

c. Playing violent video games is associated with more aggressive behavior.

Step-by-step explanation:

This question is solved interpreting the text.

The study found that students who reported playing more violent video games engaged in more aggressive behavior.

The conclusion that it leads is that violent video games is associated with more agressive behavior. Keyword is associated, and the correct answer is given by option c.

The conclusion that can you make on the basis of this study is: c. Playing violent video games is associated with more aggressive behavior.

What is a Conclusion?

A conclusion refers to the final understanding that can be reached on a matter based on the findings in the study.

The findings from this study indicate that students who were exposed to violent video games had the tendency of becoming more aggressive.

So, we can conclude that violent video games is associated with aggressive behavior.

Learn more about conclusions from studies here:

https://brainly.com/question/20595455

Hellllllllppppp meeeee

Answers

Answer:

x=18°

Step-by-step explanation:

5x-18=4x

subtract 4x from both sides

x-18=0

add 18 to both sides

x=18°

simplify the expression 4x+2-1/2x

Answers

answer 41x

Step-by-step

HELP
In a fruit basket there are 9 bananas, 4 apples, and 3 plums. Fill in the blanks- The ratio of bananas to apples is ___:___

Answers

Answer:

9:4

Step-by-step explanation:

A rectangle has vertices A(1, 6), B(6, 6), C(6, 3) and D(1, 3). What is the "Area" of the rectangle?

Answers

Answer:

Step-by-step explanation:

Answer:

15

Step-by-step explanation:

Length times width. 3 is length and width is 5

If 5 hours is 25% of the time a trip will take, how long will it take?

Answers

Answer:

20 hours

Step-by-step explanation:

Answer:

20

Step-by-step explanation:

We know that 25% is 1/4 of the time. So 5 hours would be multiplied by 4, which is the reciprocal of 1/4.

5 x 4 = 20, so that's your answer. I hope I helped :)


The day after the day after tomorrow is four days before Monday. What day is it today?​

Answers

my brain hurts and i can’t comprehend this

Ms. Halloween works in a factory. She receives a salary of $9.10 per hour and piecework pay of 15 cents per unit produced. Last week she worked 40 hours and produced 988 units. a. What was her piecework pay? What was her total hourly pay for the week? What was her total pay for the week? b. If her boss offered to pay her a straight $13 per hour and no piecework pay for the week, would she earn more or less than under the piecework pay system? c. What would her total weekly salary have been if she produced 0 units?

Answers

Answer:

1065.1

Step-by-step explanation:

Part a:

1. Halloween's piecework pay = $148.20

2. Halloween's total hourly pay for the week = $364

3. Halloween's total pay for the week = $512.20

Part b:

Total amount received for the week = $520 and she earns more when she get the straight salary on hourly basis.

Part c:

Halloween's hourly pay for 0 units production = $364

What is a salary?

Salary is a compensation or fixed amount of money paid to an employee by an employer in return for work performed.

For the given situation,

Halloween's salary received per hour = $9.10

Halloween's piecework pay per unit = 15 cents

Total work per week = 40 hours

Total unit produced per week = 988 units.

Part a:

1. Halloween's piecework pay = [tex](988)(15)[/tex]

⇒ [tex]14820 cents[/tex]

we know that $1 = 100 cents

⇒ [tex]\$148.20[/tex]

2. Halloween's total hourly pay for the week = [tex](40)(9.10)[/tex]

⇒ [tex]\$364[/tex]

3. Halloween's total pay for the week = [tex]364+148.20[/tex]

⇒ [tex]\$512.20[/tex]

Part b:

Halloween's boss offered to pay her a straight $13 per hour and no piecework pay for the week.

Total amount received for the week = [tex](40)(13)[/tex]

⇒ [tex]\$520[/tex]

Difference in pay = [tex]520-512.20[/tex]

⇒ [tex]\$7.80[/tex]

Thus, she earns more when she get the straight salary on hourly basis.

Part c:

If her production is 0 units, then she might get her hourly pay only.

⇒ [tex](40)(9.10)[/tex]

⇒ [tex]\$364[/tex]

Hence we can conclude that

Part a:

1. Halloween's piecework pay = $148.20

2. Halloween's total hourly pay for the week = $364

3. Halloween's total pay for the week = $512.20

Part b:

Total amount received for the week = $520 and she earns more when she get the straight salary on hourly basis.

Part c:

Halloween's hourly pay for 0 units production = $364

Learn more about salary and wages here

https://brainly.com/question/15282149

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x+y+x=22
a+a+x=28
y+2y+2a=38
2y*x*2a=?
there are no 0, negative number, or fractions
solve for all variables

Answers

x = 8
y = 6
a = 10
? = 1920

x + y + x = 22
8 + 6 + 8 = 22

a + a + x = 28
10 + 10 + 8 = 28

y + 2y + 2a = 38
6 + 2(6) + 2(10) = 38

2y * x * 2a =
2(6) * 8 * 2(10) = 1920

1. A house cost $112,000 in 2010. By the year 2015, the house had a value of $132,000. What was the growth rate as a percent for that 5-year period?


Pls help


A. 6.48%


B. 3.34%


C. 5.23%


D. 2.15%

Answers

Answer:

The growth rate for the period was of 17.86%.

Step-by-step explanation:

To find the growth rate as a percent, we multiply the change by 100, and divide by the initial value.

A house cost $112,000 in 2010. By the year 2015, the house had a value of $132,000.

Change: 132 - 112 = 20

Initial value: 112

Growth rate as a percent:

20*100/112 = 17.86%

The growth rate for the period was of 17.86%.

Answer:b

Step-by-step explanation:

30. Which reason justifies the statement below?


A. Definition of Congruence
B. Angle Addition Postulate
C. Supplement Theorem
D. Definition of Vertical Angles

Answers

D definition of vertical angless
Yw

The correct reason for the statement ∠1 ≅ ∠2 will be;

⇒ Definition of Vertical Angles.

Option D is true.

What is Vertical angles?

When the two lines are crosses to each other at a point then the vertical angles are formed.

Given that;

∠1 and ∠2 are formed between two lines which crosses at a point.

Now,

The two lines are vertical lines which passes through a point and ∠1 and ∠2 are formed between them.

So, By definition of Vertical Angles;

∠1 ≅ ∠2

Therefore,

The correct reason for the statement ∠1 ≅ ∠2 will be;

⇒ Definition of Vertical Angles.

Learn more about the vertical angles visit:

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The area of Ms. Anderson’s office floor measures 120
square feet. She puts down a carpet that covers 40%
of the floor. What is the area of Ms. Anderson’s floor not covered by the carpet?

Answers

Answer:

72 square feet not covered

Step-by-step explanation:

100%-40% = 60%

60% of 120 = 0.6x120 = 72

Answer:

72

Step-by-step explanation:

because i know

Find the quotient. Answer as a decimal.
–6 ÷ 1
1
3
3
1

Answers

Answer:

≈ -0.0005

Step-by-step explanation:

A pair of shoes that normally sells for $74.88 goes on sale for 25% off. What is the sale price?

Answers

Answer:

$56.16

Step-by-step explanation:

74.88 times 0.75 =56.16

Answer:

$56.16

Step-by-step explanation:

To find the sale price, multiply the original price by 0.75:

74.88(0.75)

= 56.16

So, the sale price is $56.16

prove that Sn=n(n+1) for the sequence an=2n,where n is any positive integers​

Answers

Answer:

Proved

Step-by-step explanation:

Given

[tex]a_n = 2n[/tex]

Required

Prove that [tex]S_n = n(n+1)[/tex]

The given sequence is an arithmetic sequence.

The Sn of this sequence is:

[tex]S_n = \frac{n}{2}(a_1 + a_n)[/tex]

Calculate a1

[tex]a_n =2n[/tex]

[tex]a_1 =2*1[/tex]

[tex]a_1 =2[/tex]

So, we have:

[tex]S_n = \frac{n}{2}(a_1 + a_n)[/tex]

[tex]S_n = \frac{n}{2}(2 + 2n)[/tex]

Factor out 2

[tex]S_n = \frac{n*2}{2}(1 + n)[/tex]

[tex]S_n = n(1 + n)[/tex]

[tex]S_n = n(n + 1)[/tex] --- Proved

I need help with this question​

Answers

Answer:

2,540 miles

Step-by-step explanation:

The computation of the fewer miles is given below;

For Space explorer B

= 15,000 miles ÷ 5 hours

= 3,000 miles per hour

For space explorer A

y = 4,600 x

That means in one hour it covered 460 miles

So, the fewer miles would be

= 3,000 - 460

= 2,540 miles

ayudaa para mañana !!​

Answers

Answer:

ok bueno dejamr haber que ago

Answer:

2/5 > 1/3

9/20 > 13/30

17/12 < 22/15

Step-by-step explanation:

Encuentra un denominador común. por ejemplo, 2/5 y 1/3 tienen un denominador común de 15. 2/5 se convierte en 6/15 y 1/3 se convierte en 5/15. 6 es mayor que 5. ¡Espero que esto ayude y buena suerte!

write a real-world problem given the equation 2/3x = 12. Then solve the equation.

Answers

Answer:

You want to buy long pieces of paper at Dollar Tree for 66 cents. You have $12. How many long pieces of paper can you buy

Step-by-step explanation:

For each statement, write what would be assumed and what would be proven in a proof by contrapositive of the statement. Then write what would be assumed and what would be proven in a proof by contradiction of the statement.

a. If x and y are a pair of consecutive integers, then x and y have opposite parity.
b. For all integers n, if n² is odd, then n is also odd.

Answers

Answer:

a)

Given Statement - If x and y are a pair of consecutive integers, then x and y have opposite parity.

Proof by Contrapositive:

Assumed statement: Suppose that integers x and y do not have opposite parity.

Proven Statement: x and y are not a pair of consecutive integers.

Proof -

x = 2u₁ , y = 2u₂

Then

(x, x+1) = (2u₁ , 2u₁ + 1) = (Even, odd)

If y = 2u₁ + 1

Not possible

⇒x and y are not a pair of consecutive integers.

Hence proved.

Proof by Contradiction:

Assumed statement: Suppose x and y are not a pair of consecutive integers.

Proven Statement: Suppose x and y do not have opposite parity.

Proof -

If x and y are not a pair of consecutive integers.

⇒ either x and y are odd or even

If x and y are odd

⇒x and y have same parity

Contradiction

If x and y are even

⇒x and y have same parity

Contradiction

(b)

Proof by Contrapositive:

Assumed statement: Let n be an integer such that n is not odd (i.e. n is an even integer)

Proven Statement: n² is not odd (i.e n² is even)

Proof -

Let n is even

⇒n = 2m

⇒n² = (2m)² = 4m²

⇒n² is even

Hence proved.

Proof by Contradiction:

Assumed statement: Let n be an integer such that n² be odd.

Proven Statement:  suppose that n is not odd (i.e n is even)

Proof -

Let n² is odd

⇒n² is even

⇒n² = 2m

⇒2 | n²

⇒2 | n

⇒n = 2x

⇒ n is even

Contradiction

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