Find the balance of an account after 7 years if &700 is deposited into an account paying 4.3% interest compounded monthly.

Answers

Answer 1

The required balance is $939.9

Given,

Time=7 years

Principal=700

Rate=4.3%

Compound Intrest:

Compound interest (or compounding interest) is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

The formula of the compound interest is,

[tex]A=P(1+\frac{r}{100})^T[/tex]

Now, substituting the given values into the above formula we get,

[tex]A=P(1+\frac{r}{100})^T \\A=700(1+\frac{4.3}{100})^7\\ A=939.9[/tex]

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Related Questions

Ann and Bob split some money in the ratio 4:2. Ann got £4 more than Bob. How much did Bob get?​

Answers

Answer:

$4

Step-by-step explanation:

A 4:2 ratio is the same as a 2:1 ratio, so Ann receives double what Bob gets.

If Ann gets 8 dollars and Bob gets 4, then Ann would have $4 more than Bob, and it would follow the appropriate ratio.

100000x559977332955 :)))))))))

Answers

Answer:

5.5997733e+16

Answer:

gsgdhxhdhhdbxbcbb ;)

Step-by-step explanation:

idkjwhdhdhhchchffh

Which number is additive inverse of -4 1/4

Answers

Answer:

4 1/4

Step-by-step explanation:

the additive inverse is a number that when you add it with the number you already had, makes 0

-2 is the additive inverse of 2

so 4 1/4 is the inverse of -4 1/4

Determine the unknown side of the similar triangle.
A)
2
B)
3
4
D)
5

Answers

Answer : C) 4
Step by Step explanation:

Answer:

(C). 4

Step-by-step explanation:

Sides of the similar triangles are proportional.

if X ~ Y , then [tex]\frac{12}{6}[/tex] = [tex]\frac{8}{x}[/tex] ⇒ x = 4

Pls help me out I really need help

Answers

Answer: -0.8

Step-by-step explanation:

Find the quotient of 60:5

Answers

Answer:

12

Step-by-step explanation:

Answer:

12

Step-by-step explanation:

60:5 = 60/5. 60/5=12

The school Library was building a new one-room addition. the architects drawing shown below uses the scale 1/8 in = 1ft

Dimensions: 2 1/4 and 3 3/16

Using the dimensions indicated on the drawing, what is the total area of the new room?

Answers

Answer:

the total are is 459

Step-by-step explanation:

3  3/16 divided by 1/8 = 25 1/2 or 25.5

2  1/4 divided by 1/8 = 18

so 18 x 25.5 = 459

hope this helps

The total area of the new room is 459.

What is the scale factor?

The ratio between comparable measurements of an item and a representation of that thing is known as a scale factor in arithmetic.

WE are given that school Library was building a new one-room addition. the architects drawing shown below uses the scale 1/8 in = 1ft

Dimensions: 2 1/4 and 3 3/16

Therefore,

3  3/16 divided by 1/8 = 51/2 or 25.5

2  1/4 divided by 1/8 = 18

Thus we have the area

= 18 x 25.5

Area = 459

The total area of the new room is 459.

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Which values, in order, will complete the table

Answers

Answer:

A or -1/2, -rad2/2, -rad3/2

Step-by-step explanation:

Right on edge

Answer:

A

Step-by-step explanation:

correct on edge 202222222

at what point in the first quadrant does the line with equation y=×+4 intersect the circle with the radius 5 and center (0,4)​

Answers

Answer:

x=3.536, y=7.356

Step-by-step explanation:

The point of intersection can be found out be equating the equations x^2+(y-4)^2=25 and y=x+4. Solving it we will get x=3.536, y=7.356

It is known that 10% of the UNIVERSITY students own their own car. If a random sample of 10 students is taken, what is the probability that at most 2 have their own vehicle?

Answers

Probability of students having their own vehicle

= 2/10

= 1/5

Find the area of the shape shown below

Answers

Answer:

18 MARK AS BRAINLIEST OR ELSE!!!!

Step-by-step explanation:

area = 1/2h(sum of bases)

area = 1/2x3(3+9)

area = 1/2 of 36

area = 18

What is the measure of PRQ?

Answers

Answer:

the answer is 172

Step-by-step explanation:

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[tex]PRQ = \frac{PQ +TS}{2} \\ [/tex]

[tex]PRQ = \frac{102 + 70}{2} \\ [/tex]

[tex]PRQ = \frac{172}{2} \\ [/tex]

[tex]PRQ = 86°[/tex]

Thus the correct answer is (( A )) .

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Which property justifies drew first step ?



A.commutative property of multiplication

B.associative property of addition

C. subtraction property of equality

D. distributive property of multiplication over addition

Answers

D) Distributive property of multiplication over addition

Turner took a total of 8 quizzes over the course of 4 weeks. How many weeks of school will Turner have to attend this quarter before he will have taken a total of 16 quizzes? Assume the relationship is directly proportional. plz just put the answer

Answers

Answer:

8 wks

Step-by-step explanation:

It's 8 weeks

It's literally 8 weeks

Rip king Von pop smoke quando rondo timmie and yea


Points and brainlest help me out on my question !!

Answers

Answer:

RIP to all those kings!!

Step-by-step explanation:

If start fraction 1 over 3 end fraction is equivalent to 33start fraction 1 over 3 end fraction%, what percent is equivalent to two-thirds? A. 33two-thirds% B. 150% C. 66two-thirds% D. 65%

Answers

Answer:

The answer is C 66%

Step-by-step explanation:

round 803 to the nearest ten. Enter your answer in the box below.​

Answers

Answer:

800

Step-by-step explanation:

Answer:

Hey buddy, here is your answer. Hope it helps you

Step-by-step explanation:

It will round off to 800 as it is below 5. Above 5 it will round off to 810.

What value of θ makes the statement true?
cos(θ)=sin(θ/3−10)

Answers

The required value of  θ  for the trigonometric function cos(θ)=sin(θ/3-10) is 60°.

What are trigonometric functions?

The  basic Trigonometric functions are sine, cosine, tangent, secant, cosecant and cotangent.

The given equation is,

cos(θ)=sin(θ/3-10)          (1)

To find the value of θ,

Change the whole equation into one trigonometric function,

Since, cos(θ)=sin(90-θ)

Substitute this value in equation (1)

sin(90-θ)=sin(θ/3-10)

⇒90-θ=θ/3-10

⇒4θ/3=80

⇒θ=60

The value of θ is 60°.

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Three letters are randomly chosen from PROBABILITY. What is the probability that at least one of the letters is B?

Answers

Answer:

2/11

Step-by-step explanation:

thats the probability

Answer:

2/11

Step-by-step explanation:

The price of one share of a stock fell 4 dollars each day for 8 days. How much value did one share of the stock lose after 8 days?

Answers

Answer:

After 8 days, the stock lost 32 dollars.

Step-by-step explanation:

If 4 dollars fell every day for 8 days, it would be 32 dollars because 4*8 is 32.

hannah and jayna have disponsable camreas. The table and desprition shiw the number of shots left on thier cameras as a function of time.

Answers

Answer:

Okay, so what is the question?

Answer:

   Tornado: clouds, strong wind, rain, hail.

   Hurricane or cyclone: strong wind, heavy rain.

   Blizzard: heavy snow, ice, cold temperatures.

   Dust storm: strong winds, arid conditions.

   Flood: heavy rainfall.

   Hail storm: cold or warm temperatures, rain, ice.

   Ice storm: freezing rain.Step-by-step explanation:

what is the estimate product of 33 and 76

Answers

33 multiplied by 76 is 2,508.

Estimation is ~2,500.

How is the interest rate on a payday loan calculated?
a.
loan amount divided by total fees
b.
total fees divided by loan amount
c.
total fees divided by days of loan
d.
APR divided by 365

Answers

Answer:

b. total fees divided by loan amount

Step-by-step explanation:

The interest rate on a payday loan is usually calculated by dividing the total fees accrued in the loan repayment calculation by the exact loan amount.

Doing this will result in determining the interest rate used in a loan and it’s usually important to ensure accountability and also making sure the exact rate contained in the Loan application agreement Is the same as what is used later on.

Answer:

b. total fees divided by loan amount

Step-by-step explanation:

The interest rate on a payday loan is usually calculated by dividing the total fees accrued in the loan repayment calculation by the exact loan amount.

Doing this will result in determining the interest rate used in a loan and it’s usually important to ensure accountability and also making sure the exact rate contained in the Loan application agreement Is the same as what is used later on.

Use benchmark values to estimate 7/10 + 7/8.​

Answers

Answer:

1.575

Step-by-step explanation:

What is the domain of the relation?
✔ -4<=x<=6

What is the range of the relation?
✔ -4<=y<=4

Is the relation a function?
✔ yes


here are all the answers

Answers

Answer:

thx for ur help

factor 5x^2 + 10x + 5

Answers

answer: 5(x-1)^2 because you factor out the 5 to look like 5(x^2+2x+1) then just factor the expression to the answer.

Q(9,10) R(-5,2) S(-8,-2) T(-1,2)

Answers

Need more than just this

Answer:

its perpendicular

Step-by-step explanation:

Question 10 of 20 :
Select the best answer for the question.
10. If five times a number plus two is 17, what is the number?
A. 2
B. 5
ООО
C.3
D. 7
Mark for review (Will be highlighted on the review page)
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Answers

Answer:

C. 3

Step-by-step explanation:

3 x 5 = 15, 15 + 2 = 17 :)

Convert 144 pounds to kilograms. Use 1 kg = 2.2 Ib. Round your answer to the nearest tenth. kg​

Answers

Answer:

Since 1 kg is equals to 2.2 lb. You divide 144 by 2.2 :

144/2.2

=65.45

=70 kg

Which statement is false? Explain.
A. An equiangular polygon has all angles congruent.
B. A regular polygon is both equilateral and equiangular.
C. An equilateral polygon has all sides congruent.
D. A polygon is concave if no diagonal contains points outside the polygon.

Answers

Answer: D. A polygon is concave if no diagonal contains points outside the polygon.

Explanation:

Choice A is true since "equiangular" means "equal angles"

Choice B is true since all sides are congruent, and all angles are congruent for a regular polygon

Choice C is true. The term "lateral" means "side".

Choice D is false because a convex polygon is one where all possible line segments contained in the polygon do not spill outside the polygon. Put another way, if points A and B are in a convex polygon, then every point on line segment AB is also in the polygon. Concave polygons don't have this feature. It is possible to draw a line segment where it spills outside the concave polygon.

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