Viktor deposits $4,300 in an account that
carns 6% interest compounded monthly.
How much is in the account after five years?

Answers

Answer 1

Answer:

Viktor will have $5,800 in his account after 5 years

Step-by-step explanation:

Compound Interest

It happens when interest in the next period is then earned on the principal sum plus previously accumulated interest.

The formula is:

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

Where:

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

Viktor deposits P=$4,300 in an account that earns r=6% interest compounded monthly. Since there are 12 months in a year, n=12. The interest rate is converted to decimal: r=6/100=0.06. The final amount in the account after t=5 years is:

[tex]\displaystyle A=\$4,300\left(1+{\frac {0.06}{12}}\right)^{12*5}[/tex]

[tex]\displaystyle A=\$4,300\left(1.005}\right)^{60}[/tex]

Calculating:

A = $5,800

Viktor will have $5,800 in his account after 5 years


Related Questions

The local lighting company found that 2 out of every 10 lightbulbs was defective. If
there are a total of 120 bulbs in a box, how many can they predict will be defective?

Answers

Answer:

24

Step-by-step explanation:

2/10

120 ÷ 10 = 12

2 x 12 = 24

10 x 12 = 120

24/120

Answer:

24

Step-by-step explanation:

120 % 10  = 12

2 x 12 = 24

I need help please :'v​

Answers

Answer:

Slope = 2

Step-by-step explanation:

[tex]\frac{-8-8}{-6-2}=\frac{-16}{-8}=2[/tex]

Answer:

2

Step-by-step explanation:

using formula given y2-y1/x2-x18-(-8)/2-(-6)8+8/2+616/82

Marking brainlesssss!!

Answers

22 is the answer because it’s asking for the closest answer which is 22 the real answer would be 28 but the closest it 22

Answer:

A 22 inches

Step-by-step explanation:

Pls just trust me lol

What expression is equivalent to -2x + 7

Answers

I think that’s the answer

what is 89999999+ 3099999999999=??????

Answers

3.100089999. This is is the answer

Answer:

3,100,089,999,998

Step-by-step explanation:

Hope this helped


Write each of these ratios in their
simplest form.
A) 3:9 B) 12:36 C) 13:39 D) 71:213 E) 142:213 F) 38:57 G) 33:44 H) 31:42

Answers

Answer:

A) 3:9 => 1:3

B) 12:36 => 1:3

C) 13:39 => 1:3

D) 71:213 => 1:3

E) 142:213 => 2:3

F) 38:57 => 2:3

G) 33:44 => 3:4

H) 31:42 => 31:42 or 21:42 => 1:2

Step-by-step explanation:

The simplest form of the ratios are as follows:

A) 3:9

Dividing the ratio by 3

1:3

B) 12:36

Dividing the ratio by 12

1:3

C)13:39

Dividing the ratio by 13

1:3

D) 71:213

Dividing the ratio by 71

1:3

E) 142:213

Dividing the ratio by 71

2:3

F) 38:57

Dividing the ratio by 19

2:3

G) 33:44

Dividing the ratio by 11

3:4

H) 31:42

The ratio is already in simplest form as 31 and 42 don't have a common multiple.

Or it might be mistakenly typed 31 instead of 21

Then the simplest form will be:

21:42

1:2

Hence,

A) 3:9 => 1:2

B) 12:36 => 1:3

C) 13:39 => 1:3

D) 71:213 => 1:3

E) 142:213 => 2:3

F) 38:57 => 2:3

G) 33:44 => 3:4

H) 31:42 => 31:42 or 21:42 => 1:2

Simplify the expression 5 to the power of 3 x 5 to the power of -5.

Answers

Answer:

5^-2

Step-by-step explanation:

5^3 * 5^-5

~Use exponent rule [ x^y * x^z = x^y+z ]

5^3+(-5)

~Simplify

5^-2

Best of Luck!

It’s an inequality I need the work for it ik the answer

Answers

Answer:

Solving the inequality [tex]1<\frac{a+7}{-2}[/tex] we get the value of a: [tex]\mathbf{a<-9}[/tex]

Step-by-step explanation:

We need to solve the inequality: [tex]1<\frac{a+7}{-2}[/tex]

We need to solve the inequality, to find the value of a.

Solving the inequality:

[tex]1<\frac{a+7}{-2}[/tex]

First step is Switching both sides (the inequality will be reversed)

[tex]\frac{a+7}{-2}>1[/tex]

The next step is to multiply both sides by -2 and reverse the inequality

[tex]\frac{a+7}{-2}*-2<1*-2\\a+7<-2[/tex]

Now, subtracting 7 on both sides

[tex]a+7-7<-2-7\\a<-9[/tex]

So, solving the inequality [tex]1<\frac{a+7}{-2}[/tex] we get the value of a: [tex]\mathbf{a<-9}[/tex]

Ryan drinks liters of water every of an hour at a constant rate.
How many liters of water does he drink in 3 hours?

Answers

you said liters, how many liters of water does he drink every hour?

I need some help please and thank you ​

Answers

The answer is “ A.) $3.50 “

Express 10 : 12 as a decimal.
(Round to the nearest hundrerdth)

Answers

Answer:

pretty sure it's .833

Step-by-step explanation:

The top running speed of a giraffe is 250% of the top speed of a squirrel. If a squirrel’s top running speed is 12 miles per hour, find the speed of a giraffe.

Answers

Answer:

30

Step-by-step explanation: First take the fastest speed of the squirrel, and then you multiply it by the percentage (250%). You can this by moving on decimal point to the left from the zero (250% = 2.50). Then multply the speed of the squirrel by said percentage of the girrafe,

12 x 2.5 = 30

Which of the following equations have infinitely many solutions?

Answers

Answer:

A

Step-by-step explanation:

The only one with nothing else in front of the X, which means you can't divide, which means it stays the same.

Over a one week period in the summer, the price of a gallon of gas increased from $2.35 to $2.82. By what percent did the price of gas increase over that week?

What is it

Answers

Answer:

$0.47

Step-by-step explanation:

2.82 - 2.35

What is the range of the cluster in the scatter plot?

A: Between 4 and 8 years of experience
B: Between 6 and 12 years of experience
C: Between $10,000 and $60,000
D: Between $40,000 and $60,000

Answers

Answer:

b

Step-by-step explanation:

answer :


b


hope this helped

How many cups are in 16 quarts? 1 quart = 4 cups

Answers

Answer:

64

Step-by-step explanation:

4 cups * 16 quarts = 64 cups

The answer is 64. Set it up like this
1 quart =4 cups
16 quarts-=?
Multiply 16 times 4 which is 64

Probability.

It has been estimated that about 30% of frozen chickens contain enough salmonella bacteria to cause illness if improperly cooked. A consumer purchases 12 frozen chickens. What is the probability that the consumer will have more than 6 contaminated chickens.

Answers

Answer: 0.0386

Step-by-step explanation:

Given: The probability hat the frozen chickens contain enough salmonella bacteria to cause illness if improperly cooked : p= 0.30

Sample size : n = 12

Let x = Number of contaminated chickens

Here , two outcomes for any chicken (either contaminated or not) , so it follows binomial distribution.

Binomial probability formula:

[tex]P(X=x) = \ ^nC_x p^x(1-p)^{n-x}[/tex]

The probability that the consumer will have more than 6 contaminated chickens :-

[tex]P(X>6)=P(X=7)+P(X=8)+P(X=9)+P(X=10)+P(X=11)+P(X=12)\\\\=^{12}C_6(0.3)^6(0.7)^6+^{12}C_7(0.3)^7(0.7)^5+^{12}C_8(0.3)^8(0.7)^4+^{12}C_9(0.3)^9(0.7)^3+^{12}C_{10}(0.3)^{10}(0.7)^2+^{12}C_{11}(0.3)^{11}(0.7)^1+^{12}C_0(0.3)^{12}(0.7)^0[/tex]

[tex]=0.03860084306\approx0.0386[/tex]  (simplified)

Hence, the required probability = 0.0386

a shop is having a sale all items are reduced by 30% work out the sale price of an item normally priced at £110

Answers

Answer:

77 us dollar

Step-by-step explanation:

because I used a calculator

Answer:

77

Step-by-step explanation:

Find an equation of the line perpendicular to the graph of 14x-7y=8 passing through the point at (-2,5)

Answers

Answer:

Equation of line perpendicular to given graph is:

[tex]y = -\frac{1}{2}x+4[/tex]

Step-by-step explanation:

Given equation of line is:

14x-7y=8

First of all, we have to convert the given equation into slope-intercept form to find the slope of the line

The slope-intercept form is:

[tex]y = mx+b[/tex]

Now

[tex]14x-7y=8\\14x-8 = 7y\\\frac{7y}{7} = \frac{14x-8}{7}\\y = \frac{14}{7}x - \frac{8}{7}\\y = 2x - \frac{8}{7}[/tex]

The co-efficient of x is 2 so the slope of given line is 2

Let m1 be the slope of line perpendicular to given line

The product of slopes of two perpendicular lines is -1

[tex]m.m_1 = -1\\2.m_1 = -1\\m_1 = -\frac{1}{2}[/tex]

The equation for line perpendicular line to given line will be:

[tex]y = m_1x+b\\y = -\frac{1}{2}x+b[/tex]

To find the value of b, putting (-2,5) in the equation

[tex]5 = -\frac{1}{2}(-2) + b\\5 = 1+b\\b = 5-1\\b = 4[/tex]

The final equation is:

[tex]y = -\frac{1}{2}x+4[/tex]

Hence,

Equation of line perpendicular to given graph is:

[tex]y = -\frac{1}{2}x+4[/tex]

you deposit $500 in an account that pays 5% annual interest compound continuously what is the balance after 3 years

Answers

Answer:

So I= p x r/100 x t

= 500 x 5/100 x 3

= 25 x 3

$75 interest

Balnce will be $575

Can somebody help me. Will mark brainliest.

Answers

1. They equal because both coordinates point the same directions

2.both are the same because both point the same direction along with being worth the same

3. They equal horizontal lines


4. Doesn’t have one


Brainliest please

if the product of two number is 10 and the sum is 7 ,then the longest of the two number is​

Answers

Answer:

5 units

Step-by-step explanation:

Step one:

Given data

Le the first number be x

and the second number be y

So

x*y= 10-----------------1

and

x+y= 7-----------------2

from eqn 1

x= 10/y

put x= 10/y in eqn 2

[tex]10/y+y= 7\\\\10/y= 7-y[/tex]

cross multiply we have

[tex]10=y(7-y)\\\\10=7y-y^2[/tex]

rearrange

[tex]y^2-7y+10=0[/tex]

the factors of the quadratic expression are

-5 and -2

[tex]y^2-5y-2y+10= 0\\\\y(y-5)-2(y-5) =0\\\\y-2=0\\\\y= 2\\\\y-5= 0\\\\y=5\\\\[/tex]

The longest side is 5 units

answers for both boxes please ​

Answers

Answer: (4,2). Explanation: In the elimination method you either add or subtract the equations to get an equation in one variable. When the coefficients of one variable are opposites you add the equations to eliminate a variable and when the coefficients of one variable are equal you subtract the equations to eliminate a variable. The Elimination Method
Step 1: Multiply each equation by a suitable number so that the two equations have the same leading coefficient. ...
Step 2: Subtract the second equation from the first.
Step 3: Solve this new equation for y.
Step 4: Substitute y = 2 into either Equation 1 or Equation 2 above and solve for x.
variable equation. It is relatively difficult to determine the values of x and y without manipulating the equations. If one adds the two equations together, the x s cancel out; the x is eliminated from the problem. Hence it is called the "elimination method”.

2 3/8 x 3 3/4 divided by 2 2/3

Answers

Answer:

57/32

Step-by-step explanation:

171/32 divided by 2 2/3

whats 43.6 rouded to the nest tenth

Answers

Answer:

43.6

Rounded to the nearest 0.1 or

the Tenths Place.

please help me with triangle angles. due today !

Answers

Answer:

12

Step-by-step explanation:

8x-1+3x+4+3x+9=180

14x+12=180

14x=180-12

x=168/14

x=12

Answer:

8x-1+3x+9+3x+4=180

8x+3x+3x=180+1-9-4

14x=168

x=12

Step-by-step explanation:

Hello can someone help me with this question please!

Answers

Answer: 66.10

Step-by-step explanation:

Sin^-1(32/35)

I don’t know how to do this can someone help?

Answers

Answer:

i think its B cause 4 was the radius

Step-by-step explanation:

3(x-2)+1=

I have to turn this in, in 10 minutes. Help.

Answers

Answer:

3x-6+1

Step-by-step explanation:

I know algebraaaaaa

X= 3/5, 3x-6+1, 3x-5, 3x=5, x=3/5

Shannon and Bob are members of a cross-country team. Bob runs at a rate of 8 kilometers per hour and Shannon runs at a rate of 10 kilometers per hour. If the distance around the team's practice course is 1.7 kilometers, how much longer does it take Bob to complete one trip around the course than Shannon, to the nearest tenth of a minute?

Answers

Answer:

2.6 minutes

Step-by-step explanation:

Speed of Bob = 8 km/hr

Speed of Shannon = 10 km/hr

Distance of practice course = 1.7 km

As time = (distance)/(speed), so

Time taken by Bob to cover the distance, t1 = 1.7/8=0.2125 hours

Time taken by Shannon to cover the distance, t2 = 1.7/10= 0.17 hours

As t1 > t2, so, Bob takes more time than Shannon to complete the course.

t1-t2= 0.2125-0.17 = 0.0425 hours = 0.0425 x 60 minutes= 2.55 minutes.

On rounding up to tenth digit, t1-t2 = 2.6 minutes.

Hence, It takes 2.6 minutes more time for Bob to complete one trip around the course than Shannon

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