Kennyhas$893inasavingsaccount.The interest rate is 8 1/5%, compounded annually.

To the nearest cent, how much interest will he earn in 5 years?

Answers

Answer 1
Principal (P) = $ 893Interest rate (r) = [tex]8 \frac{1}{5} \% = \frac{41}{5} \% = \frac{41}{5 \times 100} = \frac{41}{500} \\ [/tex]Number of times the amount is compounded per time period (n) = 1Time (t) = 5 years.Let the compound interest be I.Therefore,

[tex] \sf \: I = P(1 + \frac{r}{n} {)}^{nt} - P \\ \sf = 893(1 + \frac{41}{500} ) ^{1 \times 5} - 893 \\ \sf= 893 \times ( \frac{541}{500} ) ^{5} - 893 \\ \sf= 1324.30 - 893 \\ \sf = 431.30[/tex]

Answer:

$431.30(approximate value)

Hope you could get an idea from here.

Doubt clarification - use comment section.


Related Questions

What is the measure of Zx?
Angles are not necessarily drawn to scale.

Answers

Answer:

This question is straightforward if you find different triangles in the figure itself.

Property of a triangle: All internal angles of a triangle must add up to 180°

Take a look at Triangle DBH.

Method A

Angle BHD = 180°-33°-46° (sum of angles in a triangle)

                   = 101°

Property of angles on a straight line: All angles on a straight line must add up to 180°

Angle x = 180°-101° (supplementary angles)

             = 79°

Method B

Take a look at Triangle DBH.

Property of exterior angle (in this case, angle x): An exterior angle of a triangle is equal to the sum of its two opposite non-adjacent interior angles.

Angle x = 33°+46°

             = 79°

A survey of students in a large introductory statistics
class asked about their birth order (1 oldest or only
child) and which college of the university they were
enrolled in to the right is a table showing the results.
Suppose a student is selected at random from this
class. Complete parts a through d below:

Answers

Answer:

You have to show the table, not enough information is given here

Step-by-step explanation:

Combine the like terms to create an equivalent expression.
large 9p+3p

Answers

Answer:

12p

Step-by-step explanation:

9p+3p=12p

What is the hardest metal
if you get it right I'll give you brainliest

Answers

Answer:

is tungtset i tink not sure bout

Step-by-step explanation:

mark me brainlest plz

Express 29 and 37 as the sum of two squares.
If you can answer the correct answer first, then I will mark brainliest.

Answers

Answer:

See below

Step-by-step explanation:

[tex] {5}^{2} + {2}^{2} = 25 + 4 = 29 \\ \\ {6}^{2} + {1}^{2} = 36 + 1 = 37[/tex]

The values are 29 = 5² + 2² and 37 = 6² + 1².

What is square of number?

The definition of a square number states that they are numbers that have been multiplied by themselves. In other terms, a natural number is referred to as a square number if it is multiplied by itself.

Decimal squares are fairly simple to calculate, and the process is the same for both whole numbers (integers) and decimals.

Given numbers 29 and 37

to express in form of sum of two square

let = 29 = a² + b²

the perfect square number near 29 is 25

29 = 25 + 4

29 = 5² + 2²

and 37 = a² + b²

the perfect square near 37 is 36

37 = 36 + 1

37 = 6² + 1²

Hence the numbers in sum of two squares are,

29 = 5² + 2² and 37 = 6² + 1²

Learn more about square of number;

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(2w2+4w)÷(w–2) divide

Answers

THIS IS THE ANSWER ::

the answer is 4

PLease help ................................................................

Answers

Answer:

if it is an a or  b  B is the best answer but if it a true of false. the answer is true

Step-by-step explanation:

True or false 6 to the 3 power = 216

Answers

Answer:

True

Step-by-step explanation:

6^3, or 6x6x6, is equal to 216.

---

hope it helps

Answer:

true

Step-by-step explanation:

Help meeeeeeeeeeeeeeee​

Answers

Answer:

D.

Step-by-step explanation:

Complementary angles are two angles whose measures add to 90°.

A.

m<CFD = 150° - 100° = 50°

m<EFD = 180° - 150° = 30°

Sum = 80°

No

B.

m<AFB = 40°

m<DFE = m<EFD = 30°

Sum = 70°

No

C.

m<AFC = 100°

Sum > 100°

No

D.

m<BFC = 100° - 40° = 60°

m<DFE = 30°

Sum = 90°

Yes

Answer: D.

A certain factory produces and sells C computers per month. It costs x dollars to produce a single computer, and the factory sells each computer for y dollars. Their monthly net profit is 10,000 dollars.

Write an equation that relates C, x and y.

Answers

Answer:

Cy-Cx=10,000 this is the best answer ever

What is the simplified form of
3+2−14−24
−4
when x ≠ 4?

Answers

the answer for this is
-33

1. Which of the following is not an undefined term in
Euclidean geometry?
a. plane
b. point
c. bisector
d. line

Answers

Answer:

c. bisector

Explanation:

"There are, however, three words in geometry that are not formally defined. These words are point, line and plane, and are referred to as the 'three undefined terms of geometry'"

If point, line, and plane are all undefined terms in Euclidean geometry, then that only leaves one answer left, c. bisector.

if the two coffee shops combine their supplies, how many stirrers will they have for tousday?

Answers

Answer:

50?

Step-by-step explanation:

it's 50 20+25i don't even know if this is the correct answee

Crystal's yearly income is $25,000, and the cost
of her rent for the year is $7,500. What fraction
of her yearly income does she spend on rent?
A. 1/4
B. 3/10
C. 2/5
D. 2/7

Answers

I NEED POINTSsssssssss

4) A jet travels 450 miles in 2 hours. At this rate, how far could the jet fly in
14 hours? What is the rate of speed of the jet?

Answers

3150 miles in 14 hrs

225 mph

hope this helps!

Find three consecutive even numbers such that the difference
between the square of the third and twice the square of the first is 32

Answers

the squeate 292 but

find the value of x ​

Answers

Can you give more details and whats the equation?

which of the following equations could be parallel to the equation x = 5

A. y = 5x

B. x = -2

C. y = 5

D. y = x​

Answers

Answer:

B

Step-by-step explanation:

x = 5 is the equation of a vertical line parallel to the y- axis

The equation of a line parallel to it must have the same form, that is

x = - 2 ← vertical line parallel to x = 5

check whether the given fraction are equivalent
a) 7 /13 ,5/11

Answers

Answer:

No

Step-by-step explanation:

Not equivalent

7/13 ≠ 5/11


Logan and his sister, Tessa, are baking oatmeal raisin cookies. Logan uses 1.25-ounce scoops
of dough to form his cookies, and Tessa uses 1 12 -ounce scoops for hers.
Who is making bigger cookies?

Answers

Answer:

Logan is making bigger cookies

Step-by-step explanation:

1.25 > 1.12

6 less than the quotient of y and 5.

Answers

Answer:

(y/5)-6

Step-by-step explanation:

quotient is dividing, less than is subtracting

A solid wood cone 12 cm in diameter and 8 cm high sells for $1.19. A second wood cone is 17 cm in diameter and 12 cm high. the fair price for this second cone rounded to the nearest cent, is

a) $2.53,
b) $3.58
c) $5.06
d) $10.75
e) $14.33

Answers

Answer:

Answer is a

Step-by-step explanation:

I think it's "A", im looking for answer as well :(

PLS HELPPPPPPPPPPPPPPPPPPPPPPP

Answers

You would use the semicircle formula which is 1/2(pi)r^2, plug it in, the answer would be 8(pi)

someone please help this is due in 25 minutes​

Answers

Because it is an isosceles triangle, the 2 sides that are given will be equal to each other.

15=4x+3

(subtract 3 on both sides)

12=4x

(divide by 4 on both sides)

x=3

Hope it helps!

Answer:

x = 3.

Step-by-step explanation:

1. 4x + 3 = 15

2. Subtract 3 from both sides.

3. Divide by 4 from both sides.

equivalent ratio tables​

Answers

Answer:

11, 44, 24

Step-by-step explanation:

On the right side column you are adding 11 every time you add 4 on the left side column

For example :

4:11

8:22

12:33

16:44

20:55

24:66

Hope this helps!!! :)))

Please answer!!!!!!!!!!!!!! 25 PTS!

Answers

Answer:

b

Step-by-step explanation:

b

It’s b I hope it helps

after sales tax a 33 dollar photo album cost 35.97 dollars. What is the sales tax percentage

Answers

Answer:

9%

Step-by-step explanation:

Set up a ratio:

[tex]\frac{33}{100}[/tex] = [tex]\frac{35.97}{x}[/tex]

Cross multiply: 33x = 35.97 * 100

33x = 3597

Divide by 33: x = 109

That means the tax is 9%.

What is the number in standard form (8 x 10) + (2 x 1 /100) + ( 9 x 1/1,000

Answers

Answer:

8.0029 x[tex]10^{1}[/tex]

Step-by-step explanation:

8 x 10=80

2 x [tex]\frac{1}{100}[/tex]=0.02

9x[tex]\frac{1}{1,000}[/tex]= 0.009

add all ur answers together and u get 80.029

then in standard form that nwould be 8.0029 x[tex]10^{1}[/tex]

Hoped that helped:P

How many beads would the jeweler need to make 10 bracelets?

Answers

Answer:

50 ?

Step-by-step explanation:

You didn't give any detail about how many beads it takes to make one bracelet

A hybrid car can go 400 miles on 8 gallons of gas. How far can the car take you with 1 gallon of gas?​

Answers

Step-by-step explanation:

In 8 gallons of gas the car can go = 400 miles

In 1 gallon of gas the car can go = 400/8

In 1 gallon of gas the car can go = 50 miles

How far can the car take you with 1 gallon of gas?​ With 1 gallon of gas, the car can go 50 miles.

Step by Step calculations:

We know that

With 8 gallons of gas, the car can go 400 miles

Then,

With 1 gallon of gas, the car can go

= 400 / 8

= 50 miles

Therefore, with 1 gallon of gas, the car can go 50 miles.

Learn more here : https://brainly.com/question/10153922

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