A new bank customer with $5,000 wants to open a money market account. The bank is offering a
simple interest rate of 1.5%.
a. How much interest will the customer earn in 30 years?
b. What will the account balance be after 30 years?​

Answers

Answer 1

Answer:

Amount of interest in 30 year = $2,250

Account balance after 30 year = $7,250

Step-by-step explanation:

Given:

Amount deposit P = $5,000

Simple interest rate = 1.5% = 0.015

Find:

Amount of interest in 30 year

Account balance after 30 year

Computation:

Interest = PRT

Amount of interest in 30 year = (5,000)(0.015)(30)

Amount of interest in 30 year = $2,250

Account balance after 30 year = P + I

Account balance after 30 year = $5,000 + $2,250

Account balance after 30 year = $7,250


Related Questions

Rewrite each if the following division problems as a multiplication problem.

a. 24/3 = 8
b. 336/8 = x

Answers

9514 1404 393

Answer:

  a.  24 = 8·3

  b.  336 = 8·x

Step-by-step explanation:

A division equation can be rewritten as a multiplication equation by multiplying both sides by the denominator (divisor).

  a/b = c   ⇔   a = bc

__

a.  24/3 = 8   ⇒   24 = 3·8

b.  336/8 = x   ⇒   336 = 8x

a. find the area

b. find the perimeter​

Answers

Answer:

Area= 4y^2 + 14y + 12

Perimeter = 10y + 16

Step-by-step explanation:

Area of a reactangle = length × width

= (4y+6) × (y+2)

= 4y^2 + 6y + 8y + 12

= 4y^2 + 14y + 12

Perimeter of a rectangle = 2 × (a +b)

= 2 × ( 4y + 6 + y+ 2)

= 2 × ( 5y + 8)

= 10y + 16

ZABD and ZDBC are supplementary angles.
What is the measure of x?
x = [?]°
7D
AT
110%
Х
B
>C
Angles are not drawn to scale.
Enter

Answers

Answer:

x=70°

Step-by-step explanation:

x+110=180 linear pair

x=180-110=70

Simplify :
4a(6) + 3a

1. 24 a2 + 3 a
2. 13 a
3. 27 a
4. 27 a2

Answers

Answer:

Hi! The answer to your question is 3. 27a

Step-by-step explanation:

☆*: .。..。.:*☆☆*: .。..。.:*☆☆*: .。..。.:*☆☆*: .。..。.:*☆

☆Brainliest is greatly appreciated!☆

Hope this helps!!

- Brooklynn Deka

Answer:

3

Step-by-step explanation:

Bodmas brakets first

Take out Common factor

Multiple

i neeed help and quick its due at 3:15

Answers

Answer:

it c

Step-by-step explanation:

Camp counselors kept track of the number of granola bars they served each day.
What is the median of the data set?

Answers

Answer:

the median is 43

Step-by-step explanation:

Find x. Round to the nearest tenth if necessary.

Answers

Answer:

your answers are in the attachment

hope it helps...

Step-by-step explanation:

HELP PLEASEEEEEE I WILL GIVE YOU BRAINLIEST

Answers

Answer:

Step-by-step explanation:

so brh

Determine any data values that are missing from the table, assuming that the data represent a linear function.
X Y
7 16
9 17
18
13
a Missing x:13
Missing y:20
b. Missing x:13
Missing y.19
C. Missing x:11
Missing y:20
d. Missing x:11
Missing y:19

Answers

Answer:

well y is 19 and x is 11

Step-by-step explanation:

all I did is add one for a while then after that I go and I put 9 + 4 which equals 13 then in between 13 is 11 so I divided 13 by 2 basically and it's just 11

Six measurements were made of the magnesium ion concentration (in parts per million, or ppm) in a city's municipal water supply, with the following results. It is reasonable to assume that the population is approx. normal.

DATA: 202, 164, 157, 177, 113, 213202, 164, 157, 177, 113, 213.

Based on a 98% confidence interval for the mean magnesium ion concentration, is it reasonable to believe that the mean magnesium ion concentration may be greater than 195?

Answers

Answer:

The 98% confidence interval for the mean magnesium ion concentration is between 122 ppm and 220 ppm. As the lower bound of the interval is below 195, it is not reasonable to conclude that the mean magnesium ion concentration may be greater than 195

Step-by-step explanation:

The six measurements are:

202, 164, 157, 177, 113, 213

Sample mean:

Sum of all values divided by the number of values which is 6. So

[tex]S_m = \frac{202+164+157+177+113+213}{6} = 171[/tex]

Sample standard deviation:

Square root of the difference squared between each value and the mean, and divided by 1 subtracted by the sample size. So

[tex]s = \sqrt{\frac{(202-171)^2+(164-171)^2+(157-171)^2+(177-171)^2+(113-171)^2+(213-171)^2}{5}} = 35.69[/tex]

Confidence interval

We have the standard deviation for the sample, which means that the t-distribution will be used to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 6 - 1 = 5

98% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 5 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.98}{2} = 0.99[/tex]. So we have T = 3.365

The margin of error is:

[tex]M = T\frac{s}{\sqrt{n}} = 3.365\frac{35.69}{\sqrt{6}} = 49[/tex]

In which s is the standard deviation of the sample and n is the size of the sample.

The lower end of the interval is the sample mean subtracted by M. So it is 171 - 49 = 122 ppm

The upper end of the interval is the sample mean added to M. So it is 171 + 49 = 220 ppm

The 98% confidence interval for the mean magnesium ion concentration is between 122 ppm and 220 ppm. As the lower bound of the interval is below 195, it is not reasonable to conclude that the mean magnesium ion concentration may be greater than 195

1. The cost of using a telephone in a hotel meeting room is $0.20 per minute. Which of the
following equations represents the total cost, c, in dollars for h hours of phone use?
a c= 0.20(60h)
b c= 0.20 + 60
d =

Answers

Answer:

A is correct

Step-by-step explanation:

[tex]\frac{0.20}{1min}[/tex] = [tex]\frac{12.00\\}{1 hour}[/tex]  

We can scale the ratio to give the most accurate answer.

0.20 X 60 = 12.00

*pls give brainlist*

Amanda covers the outside of a box, shown in the diagram below, with
decorative paper for a school project. The top of the box is open.
3 in
7 in.
8 in
If the paper costs $0.03 per square inch, what is Amanda's total cost?

Answers:
4.38
6.06
5.04
2.70

Answers

the answer is i think 2.70

Find value of x, in simplest radical form.

Answers

Answer:

√99

Step-by-step explanation:

a power 2 = 15 power 2 + a power 2

18 power 2 = 15 power 2 + x power 2

324 = 225 + x power 2

324 - 225 = 99 + power 2

so the answer is  √99

In the year 2003, a person bought a new car for $25000. For each consecutive year
after that, the value of the car depreciated by 12%. How much would the car be worth
in the year 2006, to the nearest hundred dollars?

Answers

Step-by-step explanation:

multiply 25000×12/10

and 2003-2006 is 3 years

next steps are in the attached pic

Answer:

$17000

Step-by-step explanation:

Given

Initial value PV = $25000Depreciation rate r = 12% per yearTime t = 2006 - 2003 = 3 yearsFV = ?

Required formula and solution

FV = PV*(1 - r)^tFV = 25000*(1 - 0.12)^3 = $17036.80 ≈ $17000 (rounded)

In the image above x=4 cm and y=8 cm. Find the surface area of the figure. (Note: Figure is not to scale.)

Answers

Answer:

96

Step-by-step explanation:

4×8×3=96 is the surface area

What is the answer to 420 + 69 =

Answers

Answer:

420 + 69 = 489

Step-by-step explanation:

HOPE THIS HELPS

brainliest pls :)

Answer:

489

Step-by-step explanation:

420 + 69 = 489

Joe has read 80% of a book. He has 6 more pages to finish. How many pages are there in the book?​

Answers

Answer:

30 pages in this book

Step-by-step explanation:

20% is equal 6 pages

so 80% is equal (80/20)*6+6=30

I NEED HELP PLEASE HURRY

Answers

Answer:

60m2

Step-by-step explanation:

(12x4)+(4x3)=60

Please give brainliest if this helps :)

Situation: Find the substance's half-life, in days. Round your answer to the nearest tenth. A 50 gram sample of a substance that's used to treat thyroid disorders has a k- value of 0.1133. Enter the correct answer. N = Noe -kt DONE No = initial mass (at time t = 0) 1? N = mass at time t k = a positive constant that depends on the substance itself and on the units used to measure time t = time, in days
Find the substance's half-life , in days.
Round your answer to the nearest tenth.​

Answers

Answer:

The substance's half-life is 6.1 days.

Step-by-step explanation:

The half-life of the substance can be calculated by knowing the constant decay:  

[tex] t_{1/2} = \frac{ln(2)}{k} [/tex]                          

k: is the decay constant = 0.1133 d⁻¹

Hence, the half-life is:      

[tex] t_{1/2} = \frac{ln(2)}{k} = \frac{ln(2)}{0.1133 d^{-1}} = 6.1 d [/tex]

Therefore, the substance's half-life is 6.1 days.

I hope it helps you!          

The effect of the time of day a science class is taught on test scores is being
studied in an experiment. Which of these is most likely to be an extraneous
factor that could also affect test scores?
A. Student clothing
B. Color of the school hallways
C. Principal of the school
D. Length of class period

Answers

Answer:D

Step-by-step explanation:

The effect of the time of day a science class is taught on test scores being studied in an experiment will be the length of the class period. The correct option is D.

What is a test analysis?

A test score is a piece of data, typically a number, that describes how well a test-taker performed. It is "a summary of the evidence contained in an examinee's replies to the test items that are connected to the construct or constructs being tested," according to one formal definition.

Given that the effect of the time of day a science class is taught on test scores is being studied in an experiment.

The time of the class periods is affected by the length of the class period. The length of the class period of one subject should be optimum so that students get the concepts easily without getting bored.

Therefore, an effect of the time of day a science class is taught on test scores being studied in an experiment will be the length of the class period. The correct option is D.

To know more about a test analysis follow

https://brainly.com/question/22516544

#SPJ2

ANSWER ONLY IF YOU KNOW ( no links or ill report you)

Answers

Step-by-step explanation:

[tex]C=2\pi r[/tex]

[tex]C=2*\pi *28[/tex]

[tex]C=56\pi[/tex]

Yes, it is because the circumference is always [tex]2\pi[/tex] times the amount of the radius.

Calculate the exact value of cos(a−b) given that sin a=12/13 with π/2

Answers

Answer:

Step-by-step explanation:

[tex]sin ~a=\frac{12}{13} ,\frac{\pi}{2} <a<\pi\\a ~is~in~2nd~quadrant.\\sin~b=\frac{3}{5} ,0<b<\frac{\pi}{2} \\b~is~in~1st~quadrant.\\cos~b=\sqrt{1-sin ^2b} \\=\sqrt{1-(\frac{3}{5} )^2} \\=\sqrt{\frac{25-9}{25} } \\=\sqrt{\frac{16}{25} } \\=\frac{4}{5} ,\\cos~a=-\sqrt{1-sin^2 a} \\=-\sqrt{1-(\frac{12}{13} )^2} \\=-\sqrt{\frac{169-144}{169} } \\=-\sqrt{\frac{25}{169} } \\=-\frac{5}{13} \\cos(a-b)=cos~acos~b+sin~a sin~b\\=\frac{-5}{13}* \frac{4}{5} +\frac{12}{13}* \frac{3}{5} \\=?[/tex]

escribe en forma de potencia y encuentra el valor

((-9)²)³​

Answers

Answer:

Step-by-step explanation:

Answer:

531441

Step-by-step explanation:

using multiplicative law of indices

2 by 3 Is 6

so, -9⁶=531441

What is the m
Need help please!

Answers

9514 1404 393

Answer:

  27

Step-by-step explanation:

The measure of an inscribed angle is half the measure of the arc it subtends.

  ∠P = (RT)/2

  ∠P = 54/2

  ∠P = 27

plot-6 what is the sum of-6 and 9​

Answers

Answer:

3

Step-by-step explanation:

I believe the answer is 3 because:

- 6 + 9 = 3

minus and plus are equal to minus therefore we minused it and there is no minus sign with 3 because we always use the sign which is with the greater number.

— hope this helped :)!

How many solutions will the equation have?
|x- 13| - 5= -5

Answers

Answer: x=13

Step-by-step explanation: Hope this help :D

Answer:

One Solution

__________

x = 13

__________

Explanation:

| x – 13 | – 5 = -5

[Add 5 to both sides to isolate | x – 13 | and cancel out –5]

| x – 13 | – 5 + 5 = -5 + 5

[Reduce]

| x – 13 | = 0

[An absolute value can include both a positive and negative value so |x| = n → x = ±n ]

x – 13 = ± 0

[Add 13 to both sides to get the value of x]

x – 13 + 13 = 13 ± 0

x = 13 ± 0

[Adding or subtracting zero will leave you with the same number]

x = 13

Which choice is equivalent to the product below for acceptable values of x?

Answers

Answer:

the answer to the question is c

The equivalent expression to the equation is A = √ ( x² - 9 )

What do you mean by an Equation?

Equations are statements in mathematics that have two algebraic expressions on either side of the equals (=) sign.

It displays the similarity of the connections between the phrases on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are examples of the parts of an equation. When creating an equation, the "=" symbol and terms on both sides are necessary.

Given data ,

Let the equation be represented as A

Now , the value of A is

Substituting the values in the equation , we get

A = √ ( x + 3 ) .√( x - 3 )

Now , on simplifying the roots of the equation , we get

A = √ ( x + 3 ) ( x - 3 )

The value of ( a + b ) ( a - b ) = a² - b²

So , on further simplification , we get

A = √ ( x² - 9 )

Therefore , the equivalent expression of A is √ ( x² - 9 )

Hence , the equation is A = √ ( x² - 9 )

To learn more about equations click :

https://brainly.com/question/19297665

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which ratio represents the probability of taking a red apple from a bag containing 8 red apples, 4 yellow apples, and 3 green apples?

Answers

Answer:

8:15

or 8/15

Step-by-step explanation:

8 out of 15

Answer:

8:15

Step-by-step explanation:

There are 8 red apples and total of 15 apples

What is the value of w?

Answers

Answer:

180 - 35 - 74 = 71 degrees is the angle value that is right next to 35 degree angle.

35 + 71 = 106

180 - 106 = 74.

So w = 74 degrees.

Please help, if you’re correct I’ll mark you as brainiest!!!

Answers

Answer:

A

Step-by-step explanation:

950 is 95% of 1000

so he lost 5 percent, which can be represented as -5.0%

Answer:

Step-by-step explanation:

because the value went down.. we know the the rate of return , is negative.  then we just have to think about , how much is 50 of 1000 ??  well 10 is 10% of 100 right?  so 100 is 10% or 1000,  right?  sooo  half of 100, or 50, is 5% of 1000,  

so -5% is the return on investment (roi)

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