I put $300 into a back account that gives me 2.5% simple interest. How much interest do i earn after 3 years

Answers

Answer 1

Answer:

$23.07

Step-by-step explanation:

Present Value(PV) = $300

Interest rate(r) = 2.5 % or 0.025

Year(d) = 3 years

Find Future Value first.

This is the formula:

FV = PV(1 +r)[tex]^{d}[/tex]

Put the values to it.

FV = 300(1 + 0.025)[tex]^{3}[/tex]

FV = 300(1.025[tex])^{3}[/tex]

FV = 300(1.076890625)

FV = 323.0671875 or $323.07

The future value is $323.07. Now subtract it to the present value to get the interest.

323.07 - 300 = $23.07

The interest is $23.07


Related Questions



Today, 8 friends went out for lunch. Their total bill was $37.92, including tax and gratuity. They decided to split the bill equally and each paid with a $10 bill.
How much money will each person get back

Answers

Answer:

$37.92+$10=$27.92

so a money will each person get back is $27.92

Si un triángulo rectángulo la altura es de 3cm mayor que la base y el area es 35cm, ¿Cuanto miden respectivamente, la base y la altura del triángulo?

Answers

Answer:

[tex]b = 23.33cm \\ height \: 3cm \\ area \: 35 \: {cm}^{2} \\ [/tex]

Dan's home is 2.4 miles from school. today, Dan wants to stop at the ice cream store after school. right now he is 0.42 miles away from school.

A)how far is the ice cream store from dan's school
B)how many how much farther does Dan need to walk to get to the store
C) how many miles does he have left to walk home

Answers

2.40 because yes and mathamatics it is B and please

For each year , the population of a forest of trees is represented by A(t)=115(1.025)t .In a neighboring forest, the population of the same type of tree is represented by the function B(t)=82(1.029)t .



Assuming the population growth models continue to represent the growth of the forests, which forest will have a greater number of trees after 100 years? By how many?

Answers

Answer:  Forest B has 71 more trees than forest A after 100 years.

Step-by-step explanation:

I'm assuming that both functions should read as follows:  (the time, t, is shown as a power, instead as a multiplication).

A(t)=115(1.025)^t

B(t)=82(1.029)^t

Although A starts out with more trees (115), B is growing at 2.9% per year [1.029], versus 2.5% [1.025]for A.

A(100)=115(1.025)^(100)

A(100) = 1359

B(100) = 82(1.029)^(100)

B(100) = 1430

Forest B has 71 more trees than forest A after 100 years.


Write an equation in Ax+By=C form for this line.

Answers

9514 1404 393

Answer:

  5x -2y = 30

Step-by-step explanation:

The slope of the line ...

  Ax +By = C

is -A/B. This means we can use A=5 and B=-2 in the equation we're looking for. The value of C will be one that makes the equation true at the given point.

  5x -2y = 5(4) -2(-5)

  5x -2y = 30

Pls help me on number 3 i really need to know

Answers

Answer:

they are not equivalent z^3 equals z×z×z and 3z is just 3z

I need help. Somebody, please help me!

Answers

Answer:

25 mini loaves

Step-by-step explanation:

Using the first set you can divide and tell that 1 cup of flour is equal to 2.5 mini loaves, applying that to the other set you can inquire that it's true. So therefore what you need to do is multiply 2.5 times the amount of flour you are using.

10 cups = 25 mini loaves

May I please receive help?

Answers

Answer:

Angle E = 105°Angle F = 50°

Step-by-step explanation:

If you like my answer than please mark me brainliest thanks

If x=-13, what is 54x+(14-x)

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───█───────────▀▄▄▄▄▄▄▄▄▄▀────────█

Answers

Answer: use the algebric condistional process

Step-by-step explanation: this is sample only

round 138401 the following number to the nearest 1000

Answers

Answer:

138000

Step-by-step explanation:

When you say nearest "1000", I suppose you mean the eight in that case.

138401 ≈ 138000

PLEASE TELL ME WHAT 4320÷9 IS

Answers

answer:

4320÷9=480

Step-by-step explanation:

hope it helps :)

HELP WITH THIS MATH PROBLEM, WILL GIVE BRAINLIEST!

Answers

Answer: m=20

Step-by-step explanation:

use the wolfram alpha calculator just  

A particular bank offer 6% interest per year compound monthly Timothy wishes to deposit $1000 write a forumla for the Amount A Timothy after n months

Answers

A formula that could be used to find the future value of Timothy's account after n months is: [tex]A = 1005^{\frac{144}{n} }[/tex]

Given the following data:

Interest rate = 6%Principal = $1000Number of times compounded = 12Time = n months to years = [tex]\frac{12}{n} \;years[/tex]

To write a formula for the Amount A Timothy has after n months:

Mathematically, compound interest is given by the 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 the given parameters into the formula, we have:

[tex]A = 1000(1 + \frac{0.06}{12} )^{12\times \frac{12}{n} }\\\\A = 1000(1 + 0.005 )^{\frac{144}{n} }\\\\A = 1000(1.005 )^{\frac{144}{n} }\\\\A = 1005^{\frac{144}{n} }[/tex]

Read more on compound interest here: https://brainly.com/question/22339845

Write the next three terms of the arithmetic sequence.
First term:15
Common difference: -4

Answers

Answer:

11, 7,3

Step-by-step explanation:

common difference means what you do to the number to get the next term. So 15-4 is 11. Then 11-4=7 and 7-4 is 3

4.Resuelve a partir de las expresiones dadas. Se tienen las expresiones algebraicas ( a^2+ 3b -6) (3a^2-5b+8)El resultado de la suma de las dos expresiones anteriores es igual a

Answers

Answer:

21EL

Step-by-step explanation:

round to 1 decimal place
0.212

Answers

Answer:

2.12

Step-by-step explanation:

0.212=move the decimal point in 1 time

=2.12

Find the slope.
-2,15
0,3
4,-21
8,-45

Answers

Answer:

do you remeber the slope formula

y2 - y1 / x2 - x1

so pick two points from those 4 points ill pick -2,15 and 0,3

so 3 - 15 / 0 - 2 gives us -12/-2 or a slope of 6/1 or just 6

X/5 + 3 = 2 pls help

Answers

Answer:

x=-5

Step-by-step explanation:

Group all constants on the right side of the equation

Subtract 3 from both sides:

x/5+3-3=2-3

Simplify the arithmetic:

x/5=2-3

Simplify the arithmetic:

x/5=-1

Isolate the x

Multiply to both sides by 5:

x/5 ·5= -1 · 5

Group like terms:

1/5 · 5x = -1 · 5

Simplify the fraction:

x = -1 · 5

Simplify the arithmetic:

x = -5

Which expression is not equivalent to 54x−12 from the amswers below?

2(27x−6)

3(18x−4)

(12x−3)4

(9x−2)6

Answers

The equation that is not equal to 54x-12 is (12x-3)4

(12x-3)4 equals 48x-12 while the other ones equal 54x-12

Answer: (12x-3)4

54x-12 is not equal to (12x-3)4

The temperature at the top of the mountain is 5 degrees above zero. The temperature at the base of the mountain is 8 degrees below zero. By how many degrees does the temperature change as you climb from the top of the mountain to the base?

Answers

Answer:

13 degrees

Step-by-step explanation:

5--8=5+8=13

16

Three years ago the mean price of an existing single family home was $243,789 A real estate broker believes that existing home prices in her neighborhood are higher

Answers

Answer:

See image for answer:)

Step-by-step explanation:

Can someone please give me the (Answers) to this? ... please ...

Answers

Answer:

a. locate the rise over run between points

b. y2-y1/x2-x1

c. m=slope in y=mx+b

Step-by-step explanation:

a) Use rise over run,

() count how far apart up/down the y's are, and how far apart left/right the x's are

() down in the y's mean it is negative

b) change in y over change in x

() y2 - y1 / x2 - x1

c) find the "m" when it is in slope-intercept form

() y = mx + b

Have a nice day!

   I hope this is what you are looking for, but if not - comment! I will edit and update my answer accordingly. (ノ^∇^)

- Heather

find the value of Z.

Answers

Answer:

61°

Step-by-step explanation:

2z + 2z - 64 = 180

4z = 244

z = 61

Solve the following inequality
2x − 4 > 12

Answers

Answer:

X>8

Step-by-step explanation:

1. Group all constants on the right side of the inequality

2. Isolate the x

3. Solution on a coordinate plane

write 875 000 000 in standard form​

Answers

Step-by-step explanation:

8.75×10^8 this is the standard form

_x+5=4(–x–5) help pls

Answers

Answer:

Assuming the equation is: _x+5=4(–x–5) and not -x+5=4(–x–5),

Step-by-step explanation:

_x+5=4(–x–5)

_x+5=–4x–20

_x =–4x–25

_x +4x=–25

(4+_x) = -25

There is nothing left to do without more information.

====

Otherwise:

-x+5=4(-x-5)

-x+5=-4x-20

-3x = -25

x = -(25/3)

1,868 to the nearest hundred

Answers

Answer: 1,900

Step-by-step explanation:

You would round up to 1,900 because in the tens place is a 6 and when you have a number greater than or equal to 5 you round up. Hope this helps!

do the math
[tex]\frac{3x+1}{(x-1)^{2} } -\frac{1}{x+1} +\frac{x+3}{1-x^{2} }[/tex]

Answers

This is your answer

What is x? (Triangle Theorems)

1. x = 54
2. x = 9
3. x = 24
4. x = 144

Answers

Answer:

2. x = 9

Step-by-step explanation:

The sum of the measures of the angles of a triangle is 180°.

6x + 16 + 90 + 20 = 180

6x + 126 = 180

6x = 54

x = 9

Answer: 2. x = 9

At the after school Hawk Club meeting, there were four drinks you could choose from: orange soda, Coke, Dr. Pepper, and water. There were three snacks you could choose from: peanuts, fruit, and cookies. Each student may have only one drink and one snack.
Use the counting principle to find the number of choices available

Answers

Answer: 12 possible choices

Step-by-step explanation: there are 4 drink options, and 3 snack options so using the counting principle we would do 4 x 3 to get 12. You could also check individually since it is not a big number by doing: 1 choice with coke and peanuts, another with coke and fruit, etc.

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