Larry accumulated $3,000 in credit card debt. If the interest rate is 10% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years for quarterly compounding? Round your answer to two decimal places.

Answers

Answer 1

Answer:

The amount will be "$3655.21".

Step-by-step explanation:

The given values are:

Principle,

P = $3000

Interest rate,

r = 10% i.e., 0.1

Number of times interest,

n = 4

Time,

t = 2 years

As we know,

⇒ [tex]A=P[1+\frac{r}{n} ]^{tn}[/tex]

On putting the values in the above formula, we get

⇒    [tex]=3000[1+\frac{0.1}{4} ]^{2\times 4}[/tex]

⇒    [tex]=3000[1+0.025]^8[/tex]

⇒    [tex]=3000\times 1.2184[/tex]

⇒    [tex]=3655.21[/tex] ($)


Related Questions

Triangles XYZ and RST are similar. XY
is 24 inches, YZ is 16 inches, XZ is
12 inches, RS is 18 inches, and RT is
9 inches. Find the length of ST.

Answers

Answer:

ST = 12

Step-by-step explanation:

18/9 is similar to 24/12

taking one of those as a basis, if:

24-------18

16--------ST

24*ST = 16*18

24ST = 288

ST = 288/24

ST = 12

Each cup holds 1/5
liter of water. There are 6 cups.

a. Draw a diagram representing the situation.

b. How many liters of water do the 6 cups hold?

Answers

Answer:

can't draw it but it should look something like 6 glasses that are half of half full. in total they hold 1.2 liters

Step-by-step explanation:

Answer:

that would be at least 1.41

Step-by-step explanation:

beucase 6 cups = 1.41

Mark me Brainliest!

i’m really confused please help

Answers

Answer: probly d

Step-by-step explanation:

a ,b ,and c are subtracting makeing it hard top get something that was not in the problem

Reagan and Nathan are 40 miles apart on a bike trail when they start pedaling toward each other on their b bicycles. Reagan rides at a constant speed of 8 miles per hour, and Nathan rides a constant speed of 10 miles per hour. How long does it take until Reagan and Nathan meet?

Answers

Answer:

They meet in 2.22 hours.

Step-by-step explanation:

We can find the time at which Reagan and Nathan meet by equaling the time as follows:

[tex] v_{R} = \frac{x_{R}}{t} [/tex]  

[tex] x_{R} = v_{R}t [/tex]    (1)      

[tex] v_{N} = \frac{x_{N}}{t} [/tex]  

[tex] x_{N} = v_{N}t [/tex]   (2)

Where R is for Reagan and N for Nathan.

Knowing that:

[tex] x_{R} + x_{N} = 40 mi [/tex]

By adding equations (1) and (2) we have:

[tex] x_{R} + x_{N} = v_{R}t + v_{N}t [/tex]

[tex] t = \frac{x_{R} + x_{N}}{|v_{R}| + |v_{N}|} = \frac{40 mi}{8 mi/h + 10 mi/h} = 2.22 h [/tex]

Therefore, they meet in 2.22 hours.        

I hope it helps you!                                                                                                                                                                                                 

Answer:

2.22

Step-by-step explanation:

poop

Help need to know if I did this right question in the picture

Answers

Answer:

You need to post a picture for an evaluation of your performance.

Step-by-step explanation:

sir i need the pic lol

a linear function has a y-intercept of -12 and a slope of 5 what is the equation of the line ​

Answers

Answer:

y=5x-12

Step-by-step explanation:

y = mx+b

hope this helps. i am in algebra two so you can trust my answer. Happy holidays stay safe

it is x  because you have a y factor and you need an x factor.

Someone help meeee please

Answers

Answer:

The equation of the line is -5/4

Step-by-step explanation:

1. Use the following graph to determine the coordinated of the y-intercept.
A. (5,0)
B. (4,0)
C. (0,4)
D. (0,5)

HURRY!!! Please.

Answers

Answer:

I believe it's C. (0.4)

Step-by-step explanation:

Austin has a square pool that measures 6 meters on each ude The pool is surrounded by a cement border that meayures 0.5 What is the area of the cement border (not including the pool of course)? HELP ASAP​

Answers

Answer:

5

Step-by-step explanation:

6 mis 1 is 5


Write some numbers that are equal to 15:12.

Answers

Answer:

3:4, 30:24, 60:48

Step-by-step explanation:

Answer:

30:24

45:36

60:48

75:60

90:72

105:84

120:96

135:108

150:120

Step-by-step explanation:

hope it helps

if x Multiplied by 7 = 21, what is x

Answers

Step-by-step explanation:

Given that x is multiplied by 7 = 21 Then

7 * x = 21

or x = 21/ 7

Therefore x = 3.

Answer:

Solution,

here,

x+7=21

x=21-7

Therefore,x=14

*BRAINLIEST BRAINLIEST BRAINLIEST BRAINLIEST**

Determine whether or not each expression below is a perfect square. Explain why the expression is or is not a perfect square. If it is not a perfect square, find the perfect square that seems “closest” to the given expression and show how the perfect square can be adjusted to be the given expression.

1. A(x)=x^2+6x+13

2. A(x)=2x^2+8x+14

Answers

Step-by-step explanation:

These aren't a perfect square bec. 1 st and 3rd terms must be perfect square

A(X) = X^2+6X +13 be perfect square if 13 Changed to 9

= X ^2+6X +9

A(x)= 2X^2+8X +14 be perfect square

= 4X ^2+ 8X + 16

Please help! 20 points and brainly!!
Which ratio forms a proportion with 14/42? 1/4 7/21 12/40 28/80
(Please explain how you got the answer)

Answers

Answer: 7/21 is the answer because 7 * 2 = 14 and 21*2=42

Step-by-step explanation:

Answer:

7/21

Step-by-step explanation:

This Correct Answer

Angle J and angle K are complementary angles. The measure of angle J is 18 less than the measure of angle K. Fine the measure of both angles.

Please and thank you.

Answers

Answer:

Step-by-step explanation:

If J and K are complementary, then J + K = 90. If J is 18 less than K, then:

J = K - 18. Now we have a system. We'll sub in K - 18 for J to the first equation:

K - 18 + K = 90 and

2K - 18 = 90 and

2K = 108 so

K = 54

Now that we know K, we'll sub in to find J:

J + 54 = 90 so

J = 36

Please help me with this !!! Thank you

Answers

Answer:

messages me i will explain how to solve if i can

-6 -3x=5x -4x can somebody solve this ?

Answers

Isolate the variable by dividing each side by factors that don't contain the variable.

Exact Form:

x = −3/2

Decimal Form:

x = −1.5

Mixed Number Form:

x = −1/1/2

Justin makes a necklace for his sister. Twelve beads take up 4 inches of
string. How many beads fit on 1 foot of string? Explain your answer.
1 point

Answers

Answer:

36

Step-by-step explanation:

12 inches are in a foot, 12 inches/4 inches=3, 12x4=36

Can someone help me? (look at image)

Answers

Answer:

L (-2, -3)  K(-2,-4)  I (3,-1)  J (2,-4)

Step-by-step explanation:

I' = (3,-1)

J' = (2,-4)

K' = (-2,-4)

L' = (-2,-3)

A medium pizza at Benny's Pizza costs $13.60 plus $2.50 for each topping. At Ricco's
Pizza, a medium pizza costs $14.60 plus $2 for each topping. For how many toppings
will the pizzas cost the same price?
O 2 toppings
O They will always cost the same.
О 1 topping
O They will never cost the same.

Answers

Answer:

They will never cost the same.

Step-by-step explanation:

Answer:

2.5x +13.6 = 2x +14.6 (set them equal to each other and subtract 2x from both sides)

0.5x +13.6 = 14.6 (subtract 13.6 from both sides)

0.5x = 1 (divide both sides by 0.5)

x= 2

at two toppings they will cost the same

Step-by-step explanation:

BRAINLIEST!! Can someone help me with the following problem?


(- 2*10+2)/3 +14*2-5+9=y

Solve for "y" :)

Answers

I believe that the answer is 26 but I’m not completely sure
Have a nice day :)

After 3 new students joined a class, the class had 30 students. Write an equation in which you can find n, the number of students in the class before the 3 new students joined.

Answers

Answer:

30-3=n

Step-by-step explanation:

Hope this helps!

Answer:

x+3=30

Step-by-step explanation:

There are x number of students, then 3 students were added to the class. Now there are 30 students.

What is the answer? 2c-5 C=4

Answers

Answer:

2(4)-5=3

we know that C is going to be multiplied by 2 and the value of C=4

so 2*4 = 2(4)

2(4)-5

2*4=8

8-5=3

So, the answer is 3

A certain relationship is defined as having only one corresponding y-value for each x-value. Which of the following best describes this relationship?
A.
variable
B.
expression
C.
function
D.
equation

Answers

Answer:

We conclude that a function is defined as having only one corresponding y-value for each x-value.

Hence, option (C) is true.

Step-by-step explanation:

We know that A function is a certain relationship is defined as having only one corresponding y-value for each x-value.

Considering the function

f(x) = x+1

Here,

x is the input and f(x) or y is the output. 'x' is often called an independent value and y is called the 'dependent' value.

Considering the table

x                      y

1                      2

2                     3

3                     4

4                     5

The values in the table satisfy the function y = x+1.

It is clear from the table that the function has only one corresponding y-value for each x-value. In other words, there is no repetition of 'x' value.

Therefore, we conclude that a function is defined as having only one corresponding y-value for each x-value.

Hence, option (C) is true.

explain how it is possible that all proportional relationships are linear functions but not all linear functions are proportional relationships.

Answers

Proportional and linear functions are almost identical in form. The only difference is the addition of the “b” constant to the linear function. Indeed, a proportional relationship is just a linear relationship where b = 0, or to put it another way, where the line passes through the origin (0,0).

You’re welcome

Which is the graph of the linear inequality x – 2y > –6?

Answers

Answer:

uhhh d????

Step-by-step explanation:

Graph D represents the  linear inequality x – 2y > –6.

The given inequality is x – 2y > –6.

We rearrange the inequality as y < (1/2)x + 3

Now we have the inequality in slope-intercept form, y < mx + b, where m is the slope (1/2) and b is the y-intercept (3).

To graph this inequality, you can start by plotting the y-intercept, which is the point (0, 3).

The slope of the graph is 1/2.

However, the inequality is y < (1/2)x + 3, which means the shaded region is below the line.

Hence, graph D represents the  linear inequality x – 2y > –6.

To learn more on Inequality click:

https://brainly.com/question/28823603

#SPJ7

A factory is manufacturing cell phones that must each have a thickness of 0.5±0.001 inch. Which inequality describes the acceptable range of x, the thickness in inches of a cell phone?

Answers

A factory is manufactuaring cell phones that must each have a thickness of 0.5+/-0.001 inch. Which inequality describes the acceptable range of x, the thickness in inches of a cell phone?

A. 0.499 ≤ x ≤ 0.501

B. x ≤ 0.49 or x ≥ 0.51

C. x ≤ 0.499 or x ≥ 0.501

D. 0.49 ≤ x ≤ 0.51

I believe it was C

Find the slope of the line.​

Answers

Answer:

the slope is 1

Step-by-step explanation:

Slope is 1 hope that helps!

Answer #1 and #2 for Brainliest! Plz answer if you know and not just for points

Answers

Answer:

#1:  A

#2:  2

I apologize if its wrong

Answer: A, 5

Explanation:

Simply create an slope-intercept equation using the given information. The initial fee is $5, which is the y-intercept and $2.75 every stop, which is our slope. The equation is y = 2.75x+5. Since this is an inequality and she's looking for the most amount of stops she can take before maximizing her budget, it needs to be a less than or equal to sign. Change the equation to be 5+2.75S≤21. Subtract 5 from both sides to get 2.75S≤16. Divide 2.75 to both sides to get S≤5.82. This would be estimated to around 5 stops, which would be the largest amount of stops.

Kiran paid $54.00 for 3 tickets to go to a corn maze. At the same rate, what is the cost of 5 tickets to the maze? *

Answers

Answer:90

Step-by-step explanation:

Answer: $90

Step-by-step explanation:

You can set up a proportion.

$54 = 3 tickets

x = 5 tickets

To find x, multiply 54 and 5.

54 × 5 = 270

Then divide 270 by 3.

270 ÷ 3 = $90

Since we figured out x = $90, this means that it costs $90 for 5 tickets.

hope this helps!!

2 The density of a substance can be determined
by finding the unit rate that compares mass to
volume. A nugget of gold has a mass of
463.2 grams and a volume of 24.0 milliliters.
What is the density of gold?
F 11,116.8 g/mL
G 439.2 g/mL
H 0.052 g/mL
J 19.3 g/mL

Answers

Answer:

88888

Step-by-step explanation:

6201005050

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