How much interest would $1,000 earn in one year at a rate of 6%, compounded annually? What would be the new balance?

Please, help me!

Answers

Answer 1

Answer:

The investment will generate $ 60 in interest, with which the new balance will be $ 1060.

Step-by-step explanation:

To determine how much interest would $ 1,000 earn in one year at a rate of 6%, compounded annually, and what would be the new balance, the following calculations must be performed:

1000 x (1 + 0.06 / 1) ^ 1x1 = X

1000 x 1.06 ^ 1 = X

1000 x 1.06 = X

1060 = X

Therefore, the investment will generate $ 60 in interest, with which the new balance will be $ 1060.


Related Questions


A swimming pool is to be drained. The pool is shaped like a rectangular prism with length 30 ft, width 18 ft, and depth 4 ft. Suppose water is pumped out of the
pool at a rate of 216 ft per hour. If the pool starts completely full, how many hours does it take to empty the pool?
hours ( NO LINKS , LINK WILL GET YOU BANNED )

Answers

Answer:

10 hours (I am not positive)

Step-by-step explanation:

We first want to find the volume of pool which is 30 x 18 x 4 = 2160.

Then you are going to divide by 216 to find how many hours it takes to drain the whole pool. (I'm not that big of an expert)

hellp me for a brainly

Answers

Answer:

25π or 78.5mm²

Step-by-step explanation:

[tex]A=3.14*5^{2} \\ =3.14*25\\ =78.5[/tex]

Answer:

78.5 mm² or answer D.

Step-by-step explanation:

The formula for the area of a circle is

A = π*r²

Now we can rewrite with the radius. *Note* I am using 3.14 for pi to make it easier*

A = π*5²

Solve

5² = 25

25 * 3.14 = 78.5

Now since the measurements were done in millimeters, we will add mm to the end.

Also since it is area, we need to add ²

78.5 mm²

please help i don't get this ​

Answers

Answer:

-4

Step-by-step explanation:

Find the mean of the data set. 5, 4, 5, 7, 7, 7, 5, 7, 6

Answers

Answer:

Mean x¯¯¯ 5.8888888888889

Median x˜ 6

Mode 7

Range 3

Minimum 4

Maximum 7

Count n 9

Sum 53

Quartiles Quartiles:

Q1 --> 5

Q2 --> 6

Q3 --> 7

Interquartile

Range IQR 2

hope i helped:) can u plz mark me brainlest

Answer:

the mean is 5.88888888889

Step-by-step explanation:

to find the mean, add all the data results together and divide by how many results you have.  

for example:  5+4+5+7+7+7+5+7+6= 53

53 divided by 9= 5.88888888889

have a good day

Select all the expressions that show a way to decompose 512. A. 3 1/2+2 1/2 B. 3/6+2/6 C. 1 1/2+2 1/2+2 1/2 D. 1 1/2+1 1/2+3 1/2 E.1 1/2+1 1/2+2 1/2+2 1/2

Answers

Answer:

C,D,E

Step-by-step explanation:

C, D, E
I believe this is the correct answer

anyone want to help me?
no but seriously I need to finish this right now

Answers

I need help to solve this problems can somebody help me

3.Construct a line perpendicular to the line given through the point P at the right​

Answers

Answer:

Step-by-step explanation:

find area and perimeter. plz help very important

Answers

Answer:

To find the perimeter of a rectangle, add the lengths of the rectangle's four sides. If you have only the width and the height, then you can easily find all four sides (two sides are each equal to the height and the other two sides are equal to the width). Multiply both the height and width by two and add the results.

Step-by-step explanation:

Solve the system of equations x - y = 12 and x + 7y = -20 by combining the
equations.

Answers

Answer:

x=16, y=-4

Step-by-step explanation:

-1(x-y=12)

x+7y=-20

-x+y=-12

x+7y=-20

8y=-32

y=-4

x-4=12

x=16

Answer:

x= 8, y= -4

Step-by-step explanation:

You can subtract one equation by another to eliminate x

(x-y)-(x+7y)=12-(-20)

-8y = 32

y= -4

Substitute y =  -4 in the first equation:

x-(-4) = 12

x =8

What is the distance between the points (5,7) and (3, 4) on the coordinate
plane?
A. 12.04 units
B. 7.28 units
C. 3.61 units
D. 8.54 units

Answers

Answer:

C) 3.61 units

Step-by-step explanation:

5 - 3 = 2

7 - 4 = 3

distance²  = 2² + 3³ = 4 + 9 = 13

distance = √13 = 3.61

A survey of 71 families showed that:
40 have a son(s)
45 have a daughter(s)
18 had neither a son nor a daughter.
How many families had ONLY son(s)?​

Answers

Answer:

108

Step-by-step explanation:

arrange the following whole numbers in increasing and decreasing order​

Answers

Answer:

Increasing Order:

34, 71, 269, 976, 16759, 49753, 796542

Decreasing Order:

796542, 49753, 16759, 976, 269, 71, 34

answer choices
A Function 1
B Function 2
C The Functions have the same Y-intercept

Answers

Answer:

I would say A

Step-by-step explanation:

Have a great day hope this helped!

What is the value of x?

Answers

Answer:

122

Step-by-step explanation:

122 + 58 = 180

Answer:

x=122°

Step-by-step explanation:

58° and x form a straight angle, which is 180°.

x+58°=180°

x=180°-58°=122°

Can you guys help me with this, please?

Answers

Answer:

G) y ≥ 1

Step-by-step explanation:

Range is all the y-values seen on the graph.

Since it starts at (0, 1), the lines just keep increasing so:

y ≥ 1

Someone Please help me

Answers

Answer:

B. $104.95

Step-by-step explanation:

$160.45-$55.50=$104.95

The answer is $104,95

What is happening at A?

Answers

Answer:

the last one

What is the measure of the missing angle

Answers

Answer:

c. 42°

Step-by-step explanation:

two interior angles= one exterior angle

let x be the other interior angle

90° + x=132°

x=132-90

x=42°

A music store conducted a survey. It showed that the number of CDs purchased by a shopper decreases with the
number of songs he downloaded. What can we likely say?

Answers

Answer: there is a correlation between a number of songs downloaded. there may or may not be causation. further studies would ave to be done to determine this.

Step-by-step explanation:

Answer:

There is a correlation between number of CDs purchased and number of songs downloaded. There may or may not be causation. Further studies would have to be done to determine this.

Step-by-step explanation:

A music store conducted a survey. It showed that the number of CDs purchased by a shopper decreases with the number of songs she downloaded. What can we likely say?

what is 1/2 x 1/2 x 1/2 x 1/2

Answers

Answer:

0.0625

Step-by-step explanation:

Hope this helps :)

Have a nice day <3

Answer:

1/16

Step-by-step explanation:

Just multiply all numerators and all denominators: 1x1x1x1/2x2x2x2. That gives you your total of 1/16.

What is the missing side?

Answers

Answer:

x=5

Step-by-step explanation:

Area of triangle=1/2 * b * h

In this case b=10, h=x, and A=25

By substituting values in we can say:

[tex]A=\frac{1}{2} * b *h\\25=\frac{1}{2} * 10 * x\\25=5x\\x=5[/tex]

An initial population of 535 quail increases at an annual rate of 25%. Write an exponential function to model the quail population. What will the approximate population be after 5 years?

Answers

Answer: c

Step-by-step explanation:

Write the equation in standard form. Y=x+1

Answers

X-y=-1 is the Standard

Please help........................

Answers

Answer:

I think it is 2 one

Step-by-step explanation:

I’m pretty sure that it’s C

Which of these situations can be modeled by an exponential function?
A) The declining population of a city if 100 people move away every year.
B) A herd of lions whose numbers triple every decade.
C) The amount of money Grant has saved up if he makes $18.50 an hour.
D) Total distance if we drive 75mph for x hours.

Answers

Answer:

B) A herd of lions whose numbers triple every decade.

Step-by-step explanation:

Situations that can be modeled by exponential functions:

A situation can be modeled by exponential functions when the change is a multiplication or a division, not a sum or subtractions.

In this question:

In option A, C and D the measures are a sum or subtractions, as the rate of change is always the same. So it rests option B as the answer, as tripling is multiplying by 3.

Find the length of side x in simplest radical form with a rational denominator.

Answers

This is a 30-60-90 right triangle.

In this special triangle, opposite 60 degrees = sqrt{3}. Thus, x = sqrt{3}.

Plz guys help me please

Answers

Answer:

G(-4,2), H(-3,-4), J(-1,1)

Step-by-step explanation:

The x-values would all become negative.

G(-4,2), H(-3,-4), J(-1,1)

A single 6-sided die is rolled. Which BEST describes the probability of rolling a number 4 or less? 1) A ) impossible B) unlikely likely certains

Answers

Answer:

it is likely because the majority of the outcomes are in your favor

Answer:

A

Step-by-step explanation:

Impossible, did it on usatestprep

Alex was making pumpkin soup that called for 3 and 4/5 cups of pumpkin. If Alex makes 2 batches of soup how many cups of pumpkin will he need?

Answers

Answer:

7 and 3/5

Step-by-step explanation:

3 and 4/5 times 2 is 7 and 3/5

Can someone please help me I will mark u brilliant

Answers

Answer:

1 cubic inch

Step-by-step explanation:

For rectangular prism:

[tex]l = 4 \times \frac{1}{2} = 2 \: in \\ \\ w= \frac{1}{2} \: in \\ \\ h = 2 \times \frac{1}{2} = 1 \: in \\ \\ volume \: of \: prism = lbh \\ = 2 \times \frac{1}{2} \times 1 \\ = 1 \: {in}^{3} [/tex]

Answer: The volume is 1 cubic inch.

Step-by-step explanation:

Volume of 1 cube

V= l*w*h

V= 1/2*1/2*1/2

V= 1/8 or 0.125

Volume of Prism

8*1/8= 1

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