A new bank customer with ​$3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.3% How much interest will the customer earn in 30 years

Answers

Answer 1
Answer: 117,000

The formula for simple interest is A=P(1+rt)
A is the final amount
P is the initial amount
r is the rate
t is the amount of time

If you plug the information given into the formula:

3,000(1+1.3•30)=120,000

3,000 is the initial amount
1.3 is the rate
30 is the amount of time
120,000 is the final amount

The question asks how much interest the customer will earn, not what the final amount in the account will be.

Given that, you would subtract the initial amount to find out how much the customer earned.

120,000-3,000=117,000

hope this helps!

Related Questions

The graph of f(x)=16^x is reflected about the x-axis and shifted upward 8 units. What is the equation of the new function, g(x) ?

Answers

Answer:

g(x) = -16^x + 8

Step-by-step explanation:

This reflection is accomplished by putting a negative sign in front of 16^x, and the upward translation by adding 8:

f(x)=16^x  becomes  g(x) = -16^x + 8

if [tex]a_{1}[/tex]=4 and [tex]a_{n}[/tex]= [tex]5a_{n-1}[/tex]-1 then find the value of [tex]a_{3}[/tex]

Answers

Answer:  94

========================================================

Explanation:

The first term is 4 because of the notation [tex]a_1 = 4[/tex]

To get the second term, we'll use the recursive equation [tex]a_n = 5(a_{n-1})-1[/tex] which basically says [tex]\text{nth term} = 5*(\text{previous term})-1[/tex]. To get the second term, we'll multiply the first term by 5, then subtract off 1.

2nd term = 5*(1st term) - 1

2nd term = 5*4 - 1

2nd term = 19

This means [tex]a_2 = 19[/tex]

We repeat this process again to find the third term [tex]a_3[/tex]

[tex]a_n = 5*(a_{n-1})-1\\\\a_3 = 5*(a_{3-1})-1\\\\a_3 = 5*(a_{2})-1\\\\a_3 = 5*(19)-1\\\\a_3 = 95-1\\\\a_3 = \boldsymbol{94}\\\\[/tex]

The third term is 94

Which theorem does it offer proof of?

Answers

Answer:

vertical angles are =

Step-by-step explanation:

Check the given measurements whether it could make a triangle

(a) 7 cm, 2 cm and 5 cm


(b) 10 cm, 12 cm and 14 cm.​

Answers

I don't know sorry.

Sorry!

The paragraph below comes from the rental agreement Susan signed when she opened her account at Super Video.

“All rentals are due back by midnight of the due date as printed on the transaction receipt. Any rental not received by midnight on the day it is due is subject to a late charge of $1.50 for each day it is late. Any rental not returned by the fifth day after the due date will be transferred to a sale. The Customer will then be required to pay the purchase price of the item in addition to five (5) days of late fees. The Customer will not be required to return the product once the total balance is paid.”

Both of Susan’s movies are three days late. According to her receipt, the purchase price of one of her movies is $12.00 while the purchase price for the other movie is $15.00. If she turns both of them in today, how much will Susan owe Super Video?

A) $4.50
B) $9.00
C) $27.00
D)$38.00

Answers

Answer:

$9

Step-by-step explanation:

(2 movies returned late)

3 days late

$1.50 per day late fee

equaling $4.50 per movie

TOTALING $9

TOTALING $9.00

Answer:

B) $9.00

Step-by-step explanation:

Since its less than 5 days, Susan will have to pay only late charge fee for two movies for 3 days.

The amount to be paid:

3*2*$1.5 = $9

Correct choice is B

Help again pls I think it’s D and A or am I wrong some one pls tell me thank you

Answers

It’s A and E, it can’t be D because of this reason.
x-2=4
+2=+2
x=6

You always need to do the opposite of the numbers around the variable so that the numbers cancel out for the variable to be alone.

Six apples and three oranges cost $3.36. Two apples and five oranges cost $3.04. Find the cost of one apple and the cost of an orange.

Answer and step-by-step explanation pls!!

Answers

Answer:

$0.8

Step-by-step explanation:

let x represent the price of apples

let y represent the price of oranges

6x+3y=3.36—eqn 1

2x+5y=3.04—eqn 2

Multiply eqn 2 by 3

3(2x+5y=3.04)=6x+15y=9.12

Subtract eqn 2 from 1

6x+3y=3.36

-{6x+15y=9.12}

-12y=-5.76

y=0.48

plug y=0.48 into eqn 1

6x+3(0.48)=3.36

6x=3.36-1.44

x=1.92/6=0.32

That is, an apple costs $0.32 and an orange costs $0.48

Therefore the cost of an orange and an apple=$0.48+$0.32=$0.8

Answer:

apple: $0.32orange: $0.48

Step-by-step explanation:

Let x and y represent the costs of 1 apple and 1 orange, respectively. The two cost figures tell us ...

  6x +3y = 3.36

  2x +5y = 3.04

We note that all of the numbers in the first equation are divisible by 3, so we can divide by 3 to reduce it to ...

  2x +y = 1.12

Subtracting this from the second equation gives ...

  (2x +5y) -(2x +y) = (3.04) -(1.12)

  4y = 1.92 . . . . . . . simplify

  y = 0.48 . . . . . . . divide by 4

Then the cost of an apple can be found from our reduced equation:

  2x +0.48 = 1.12 . . . substitute for y

  2x = 0.64 . . . . . . . . subtract 0.48

  x = 0.32 . . . . . . . . . divide by 2

The cost of one apple is $0.32; the cost of one orange is $0.48.

_____

Additional comment

The method of solution we used here is called "elimination," because the x-variable was eliminated from the combined equations. There are numerous other methods available for solving a system of linear equations. Most graphing calculators have features for graphing and for reducing matrices that will solve these for you. All you need to do is enter the equations.

Two​ trains, Train A and Train​ B, weigh a total of 557 tons. Train A is heavier than Train B. The difference of their weights is 371 tons. What is the weight of each​ train?

Answers

Answer:

A=464

B=93

Step-by-step explanation:

A+B=557

A-B=371

Solving the two equations simultaneously gives A=464 and B=93

Where are the factors? The number of terms? Where are the constants? Where are the confficients

3x-5y+15

Answers

Answer:

given the expression  4x - 2y + z + 5 we see three terms of the expression:  4x, -2y, +z , 5.

Terms are made of two things, a coefficient and a variable.

coefficient       variable

     4                 x

    -2                 y

   +1                 z

   +5                 no variable exists in this term so it is a special term called a constant.

Coefficients can be +/-, fractions, decimals, whole numbers, etc.

In equations the coefficient is often shown as a letter such as

ax + by + 3.

This means (a times x) plus (b times y) plus 3

fractional coefficients looks like this example:   x/4  + y/2  - z/3

the coefficient for x is 1/4, the coefficient for y is 1/2 and the coefficient for z is -1/3Step-by-step explanation:

Graph the function f(x)=1/2x+1

Answers

Answer:

See attached graph.

Step-by-step explanation:

solving linear systems graphically .

Answers

Answer:

D- points on one side of one of the lines

Step-by-step explanation:

I may be wrong but I believe I am correct

I’ll mark the brainiest

Answers

Answer: 122°

Step-by-step explanation:

Because angles on a straight line are supplementary (add up to 180°), then:

m∠2 = 180° - 58°

        = 122°

122
Supplementary angles
180-58=122

Select the correct answer. The perimeter of a triangle is 30 units. If it is dilated with respect to origin by a scale factor of 0. 5, what is the perimeter of the resulting triangle? A. 30 units B. 20 units C. 15 units D. 7. 5 units.

Answers

Answer:

.

Step-by-step explanation:

Sally collected 30.4 pounds of cans to recycle and plans to collect 2.1 more pounds each week. In this situation, what is the value of the y-intercept?​

Answers

The y-intercept is the intital value where the equation begins.

Because Sally initially started at 30.4 pounds, the y-intercept is 30.4.

PLS HELP ASAP THANKS ILL GIVE BRAINLKEST THANKS

Answers

Answer:

1

Step-by-step explanation:

it means from Virginia to Florida you will drive more than 7 hours

how do you turn radius into cm​

Answers

Answer:

depending on the question I suggest only converting at the end

sorry if it doesn't help

by the way a cm needs to be times by 100 to become a meter

Select the correct expression. Which expression is equivalent to 5^4 · (5^-2)^3 ?
5-^3
5^2
5^-2
5^-1

Answers

we have 5^4 . (5^-2)^3 = 5^4 . 5^-6 = 5^ (4-6) = 5^-2

ok done. Thank to me :>

Here is the problem: (Picture)

Answers

Answer:

c

Step-by-step explanation:

what is the value of |-3.25| and what is the value of |4.25|

Answers

Answer:

3.25 and 4.25

Step-by-step explanation:

absolute value just makes the numbers positive

Anna has £10 savings, Ben has £3.

Each week, Anna saves £2.50 and Ben saves £3.

How many weeks will it take for Anna and Ben's
savings to be in the ratio 5:4?

Answers

Answer:

6

weeks

Step-by-step explanation:

f(x)=x^4−4x^3−22x^2+4x+21
Select each correct answer.

−3
−1
0
1
3
7

Answers

Answer:

-1

1

7

-3

Step-by-step explanation:

A Web site charges $0.99 to download a game and a $12.49 membership fee. Write an expression that gives the
total cost in dollars to download g games. Then find the cost of downloading 6 games.

Answers

Answer:

Part A (Equation): C(g) = 0.99g + 12.49

Part B: Total cost of 6 games = $18.43

Step-by-step explanation:

Given the $0.99 charge to download a game, and a membership fee of $12.49:

Part A: Find the Equation of Total Cost, C, and Number of Games (g)

A cost function (or equation) that represents the total cost (C ), in dollars, to download g number of games is:  

C(g) = 0.99g + 12.49

where:

0.99 (cost per downloaded game) = represents the rate of change (or slope). This means that the total cost increases by $0.99 for every game that is dowloaded.  12.49 (membership fee) = the initial value or flat fee (y-intercept).

Part B:  Find the cost of downloading 6 games:

To find the cost of downloading 6 games C(6), substitute the value of g = 6 into the equation:

C(g) = 0.99g + 12.49

C(6) = 0.99(6) + 12.49

C(6) = 5.94 + 12.49

C(6) = 18.43

Therefore, it costs $18.43 to download 6 games.

70% of Hassan's collection of goldfish died. if he has 60 survivors, how many did he have originally?​

Answers

Hassan originally had 200 goldfish

Step-by-step explanation:

Multiply 60 by 100, which will get you 6,000, then divide by 30 to get 200. The 100 is for the total percentage, the 30 is the percentage left.

Answer:

200goldfish

Step-by-step explanation:

since 30percent(100_70)is60 what about 100percent

100percent/30percent multiplied by 60goldfish=200

Therefore the answer is 200goldfish

Are the ratios 17:10 and 2:1 equivalent?

Answers

Answer:

No, they don't have the same value

Step-by-step explanation:

Are the ratios 17:10 and 2:1 equivalent?

17 : 10 = 1.7

2:1      = 2

Harmony used discarded paper to make notepads for her friends she folded 5 letter size pieces of paper 3 times then cut along the lines then she would stack the smaller note papers and staple them together how long one notepad last if someone wrote 10 notes per day

Answers

Answer:

Answer is 5

Step-by-step explanation:

I don't what the problem is ;-; not sure

5x3-x=10

Can someone help me with 1. ?

Answers

Make a table of each equation.

Find the point where the two lines end? or meet?

Write 27% as a fraction.​

Answers

Answer:

27/100

Step-by-step explanation:

27%= 0.27= 27/100 which cannot be reduced

Answer:

27/100

Step-by-step explanation:

27% = 27/100

Someone could help me with problem 3-76 (b) pls

Answers

Answer:

ok so you see the equation at the top... you are going to "plug in" the number in the "in" row to get the "out number

Step-by-step explanation:

example

in: 4

-2(-4)+1

8+1

9

so for the out row under -4 you would put 9

-2(-3)+1

6+1

7

so for the out row under 3 you would put 7

Answer:

...

Step-by-step explanation:

how do u add and subtract rational numbers

Answers

Answer:

ration number such as 2 and 3

2 plus 3 is 5

3 minus 2 is 1

3 by 5 plus 2 by 5 is 5 by 5 which is 1

3 by 5 plus 2 by 4 take lcm and add the numerator .

SOMEONE PLS HELP ME!!!

Answers

Answer:

refer to the picture attached for steps

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