You deposit $2700 in an account that pays 3% annual interest compounded weekly. How much money is in the account after 5 years?

Answers

Answer 1

Answer:

A = $3136.86

Step-by-step explanation:

Given the following data;

Principal = $2700

Interest rate = 3% = 3/100 = 0.03

Number of times = 52

Time = 5 years

To find the future value, we would use the compound interest formula;

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

Where;

A is the future value.

P is the principal or starting amount.

r is annual interest rate.

n is the number of times the interest is compounded in a year.

t is the number of years for the compound interest.

Substituting into the equation, we have;

[tex] A = 2700(1 + \frac{0.03}{52})^{52*5}[/tex]

[tex] A = 2700(1 + 0.0005769)^{260}[/tex]

[tex] A = 2700(1.0005769)^{260}[/tex]

[tex] A = 2700(1.1618)[/tex]

A = $3136.86


Related Questions

Carl jumped 11 5/12 feet in the long jump. Ben jumped 9 7/8 feet. How much farther did Carl jump than Ben?

Answers

Answer:

Step-by-step explanation:

1  13/24

You and a friend were invited to a party you both were asked to bring pizzas and chips

Answers

What is the full question!?

Answer:

Then if each would bring 1 of each so there would be 2 pizzas and 2 bag of chips

Step-by-step explanation:

lol id.k/ if this was supposed to be a joke but here I am ◑﹏◐

25 3/2 in radical form

Answers

Exact Form:

25^3

Decimal Form:
125

I think of a number, subtract 5 and the result
is 9.​

Answers

Answer:

14 is the number subtracted by 5 to get to 9

Step-by-step explanation:

14-5=9

Find the surface area of the
triangular prism.
5 cm
8 cm
7 cm
3 cm​

Answers

Answer:

The surface area of the triangular prism is = 94.641016151378 cm^2

Solve for x. Round to the nearest tenth.
15°
33
x

Answers

The length of x in the right triangle is 31.9 units.

How to solve the side of a right triangle?

A right triangle is a triangle that has one of its angles as 90 degrees. The sum of angles in a triangle is 180 degrees.

Therefore, the side of a right triangle can be found using trigonometric ratios as follows:

Hence,

cos 15° = adjacent / hypotenuse

adjacent side = x

hypotenuse side = 33 units

cos 15° = x / 33

cross multiply

x = 33 cos 15°

x = 33 × 0.96592582628

x = 31.8755522675

Therefore,

x = 31.9 units

learn more on right triangle here:https://brainly.com/question/20046799

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Claire flips a coin 6 times. What is the probability that the coin will show tails 3 times?
0.016
0.047
0.125
0.313

Answers

Answer:

d

Step-by-step explanation:

Answer
0.313
Explanation
Because if she flips it six times it’s left 3times it probably flipped to tails

Which expression is equivalent to 2.5+4(3/4a-5)-9.5?

Answers

Answer:

11

Step-by-step explanation:

Answer:

The first one is 2.5+3a-20-9.5,

and 3a-27 for the second one.

7.5E-12= write the expression in scientific notation

Answers

Answer:

7,500,000,000,000 it think

Step-by-step explanation:

You can see in the picture pls help for homework

Answers

Answer:

For the .5s, go between the numbers for example, 4.5 is between 4 and 5 so you graph between them. Remember that the rule is (x,y) so graph the x (first number) on the horizontal line and graph the y (second number) on the vertical line.

Use the Distributive Property to
REWRITE -3(c-8)

Answers

-3c + 24 I’m pretty sure

Answer:-3c +24

Step-by-step explanation:

-3(c) and -3 (-8)

-3c and two negatives equal a positive, so +24

please help me with my math homework

Answers

Hi there!

[tex]\large\boxed{UV = 13}[/tex]

Since U and V are midpoints of the legs, then UV is the average of both WX and ZY.

Therefore:

(ZY + WX)/2 = UV

Substitute in the given expressions:

[(6x + 5) + (x + 7)]/2 = 8x - 3

Simplify by combining like terms:

(7x + 12)/2 = 8x - 3

Multiply both sides by 2:

7x + 12 = 16x - 6

Subtract 7x from both sides and add 6 to both sides:

18 = 9x

Divide both sides by 9:

18/9 = x

x = 2.

Plug in this value of x into the equation for UV:

8(2) - 3 = 16 - 3 = 13.

Help mee
simplify the expression 3(x - 6) + (4x + 12) - 6x

Answers

Answer:

x - 6.

Step-by-step explanation:

3(x-6) = 3x -18

3x -18 + 4x + 12 -6x = x - 6

The answer is x-6.Remove the Parentheses and distribute 3 through the Parentheses and put the + between Parentheses.Collect terms you will get x-18+12 and calculate the sum you will get the answer x-6.

Solve (x - 4)2 = 5.
help

Answers

Answer:

13/2

Step-by-step explanation:

2x-8=5

2x=5+8

2x=13

x=13/2

hope it helps

9 x 1/4 =?
1x 23/100=?

Answers

Answer:

fwoggy

Step-by-step explanation:

HELP PLEASE ILL MARK BRAINLIEST

A rectangular prism has a volume of 300 cubic inches. The base measures 15 inches and the height is 5 inches. What is the width?

Answers

Answer:

width = 4

Step-by-step explanation:

Use the formula for finding width, and plug in the numbers

w = V/h*l

w = 300/(5*15)

Simplify.

w = 300/(5*15)

w = 4

2/3a-7+7/18a-5 1/6 no need explanation just the answer

Answers

Answer:

19a−219/18

Step-by-step explanation:

(2)/(3)a-7+(7)/(18)a-5(1)/(6)

=19a−219/18

-4a - 7 = 3 - 4a - 7
a) -6
b) no solution
c) -8
d) -9

Answers

No solution would be the answer because if you solve it you don’t get an answer

Answer:

it should be 3

..............

Hey guys I need some heeeeeeelp please and thank you; Please explain
50 points

Answers

Answer:

8 full gas cans

Step-by-step explanation:

The volume of the rectangle is 8000 cm³. That divided by 1000 is 8...

A company found that the average customer rating of
a certain product can be used to estimate the total
income from that product, according to the equation
y= 44x+500, where y is the income,in dollars, and x is
the average customer rating. Which of the following
best describes the slope of the graph of the equation
in the xy-plane?
A) For every increase of 44 in the average customer rating,
the estimated increase in income is $500.
B) For every increase of 1 in the average customer rating,
the estimated increase in income is $544.
C) For every increase of 1 in the average customer rating,
the estimated increase in income is $500.
D) For every increase of 1 in the average customer rating,
the estimated increase in income is $44.

Answers

The option that best describes the slope of the graph of the equation in the xy-plane is: D) For every increase of 1 in the average customer rating, the estimated increase in income is $44.

The equation y = 44x + 500 represents the relationship between the average customer rating (x) and the estimated income (y) of a certain product. The coefficient of x, which is 44, determines the slope of the graph. In this case, it means that for every increase of 1 in the average customer rating, the estimated increase in income is $44. Therefore, option D is the correct answer. Option A is incorrect because it suggests a fixed increase of $500 for every increase of 44 in the rating, which is not accurate. Option B is also incorrect as it implies a higher increase in income than what the equation represents. Option C is incorrect because it overestimates the increase in income without considering the coefficient of x.

For more questions on increase in income:

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MY GO*D!!!!?!?!?! SOMEONE HELP?????
The Ratio of J ulian's age to cyn thia's age, to Adrian's age is: 8:5:2. If Adria n is 14 years old, what is the sum of the ages of the other two kids?

Answers

9514 1404 393

Answer:

  91

Step-by-step explanation:

You are planning to take a group of friends to the movies for your birthday. The local movie theater charges $12.99 per
person. When you check the company's website, you find that they also offer a special group rate. The group rate is only $8.99
per person, but also includes a $20 reservation fee in addition.
What is the minimum number of people that would need to attend your party in order for the group rate to be a better deal?
A
4 people
B)
5 people
Eliminate
6 people

Answers

6 people. With 4 people the first option ($12.99 per person) was cheaper, with 5 people they cost the same, so 6 people would be the minimum for the other to be cheapest

please y HELP MATHEMATICS

Answers

240 because I know how to do this

Please help! I will give brainliest! Needed ASAP

Answers

Answer:

3. No

4. Yes

5. Yes

Step-by-step explanation:

Ez and good luck

Answer:

3. no

4. yes equation: [tex]y=x+4[/tex]

5. yes equation: [tex]y=-2x+3[/tex]

Step-by-step explanation:

3. you can get it to that y=mx+b because it has x to the power 2

4. you just need to reverse the equation instead of the RHS of the equation 4+x it will be x+4

5. the same as question number 4

ALGEBRA Find the value of x in each figure.

HELP ASAP I WILL
MARK BRAINLIEST

Answers

Answer:

x=104°

Step-by-step explanation:

180=(x+4) +72

180-72=x+4

108=x+4

108-4=x

104=x

x=104°

Hope this helps! :)

Can someone help me with this I’m really bad in geometry

Find Y Round to the nearest tenth.
у
12
25°

Answers

I redrew the triangle (just turned it around it make it easier to understand).

Four times w is 16.

Answers

Answer:

w = 4

Step-by-step explanation:

4w=16

w = 16/4

w = 4

Step-by-step explanation:

The question is unclear. If the original question is telling you to make the word expression into an algebraic expression, the answer would be 4w = 16. On the other hand, if it was asking you to solve the given equation, the answer would be w = 4.

Find the Value of each power.

1. 12^0
2. 12^2
3. (2/7^3
4. 0.4^2
5.(4/9^1
6. 0.7^3

Answers

Answer:

1

144

8/343

0.16

4/9

0.343

Find the volume. Show your work
I’ll give brainliest

Answers

Answer:

360 km^2

Step-by-step explanation:

(this is a rectangular prism)

Volume = length * width * height

Volume = 5 * 6 * 12

Volume = 360 km^2

The sale price of $24 was 80 percent of the regular price.
What was the regular price?

Answers

$24 + 20%
=$28.8
This is the answer
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