A certain bank pays 3.4% interest per year for a certificate of deposit, or
CD. What is the total balance of an account after 18 months with an initial
deposit of $1,250?
a. 765$
b. 2,015$
c. 63.75$
d. 1,313.75$
$[tex]1,313.75[/tex] is the total balance of an account after [tex]18[/tex] months with an initial deposit of $[tex]1,250[/tex]
What is balance?
In banking and accounting, the balance is the amount of money owed on an account. In bookkeeping, “balance” is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. When total debits exceed total credits, the account indicates a debit balance.
What is Interest?
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.
According to questions, a certain bank pays [tex]3.4[/tex]% interest per year for a certificate of deposit, or CD.
We have to find the total balance of an account after [tex]18[/tex] months with an initial deposit of $[tex]1,250[/tex]
Total balance can be calculated using the following formula:
[tex]A = P(1+rt)[/tex]
Here [tex]r=\frac{3.4}{100} =0.034[/tex]
[tex]t=\frac{18}{12} =1.5[/tex]
So,[tex]A = 1250(1+0.034[/tex]×[tex]1.5[/tex])
[tex]=[/tex]$[tex]1,313.75[/tex]
Therefore,$[tex]1,313.75[/tex] is the total balance of an account after [tex]18[/tex] months with an initial deposit of $[tex]1,250[/tex]
Hence, we can conclude that Option(d) is correct.
Learn more about Interest here:
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You must reverse the inequality sign when solving this inequality: x/4 < -12.
True
False
I need help with my math
My other question I had I forgot to put my work. :)
z= -300
Step-by-step explanation:
Flip the equation so it looks like: 0.07z = -21
Then, divide it by 0.07 on both sides, which gets you -300.
You could also divide it by 7 and then multiply that answer by 100 if you want an extra step
please help me with this
Answer:
improper fraction:10/3
mixed number: 3 1/3
Answer:
3 1/3 is the mixed number and 10/3 is the improper fraction
Step-by-step explanation:
I really hope this helps :)
Jack's father is 3 times older than jack. 5 years ago the sum of their ages was 34. How old is jack's father now?
PLS HELP ASAP!!!!
Answer:
11 years old
Step-by-step explanation:
Jack's father is 3 times older than jack. ATQ, 5 years ago the sum of their ages was 34. So, the present age of Jack is 11 years.
(Hope this helps!! Btw, I am the first to answer.)
Answer:
33
Step-by-step explanation:
Jack's father is 3x
Jack is X
(x-5)+ (3x-5)= 34
4x-10=34
4x=44
x=11
Jack's father is 3X
Jack's father is now 33
HELP!! WILL GIVE BRAINLIEST IF CORRECT!! *ABSURD ANSWERS WILL BE REPORTED*
Look at the image. Type the 2 inequalities that correspond with the lines. (Not multiple choice)
Answer: x ≤ 9 and x > 71
or 9 ≥ x > 71
Step-by-step explanation: I'm using 9 and 71 because the circles at the ends of the lines are just a little to the left and right of the tic marks where 10 and 70 would be.
The solid circle on the purple line indicates "less than or equal to" and the open circle on the yellow line means "greater than."
Find the area of the hexagon
Answer:
The area is 78 square inches
Step-by-step explanation:
so you can split the hexagon into two trapezoids, and then find the area of one of those trapezoids, which is what I did. The area of a trapezoid I think is
a, b=base, h=height
A=a+b/2*h
is a really bad way of saying it, but that's how I know to do it.
So anyways I just substituted the numbers with their corresponding letters and solved. So the area of one trapezoid was 39, and since we have two 39's, you do 39*2 and you get 78.
Hope I helped
Bob has to run some errands around town. Look at the map below to calculate his distance if he starts at home, goes to the video store, then the grocery store, grabs a fast snack, and ends at home. How many units did he walk?
Please please help i really need this..
The length of a rectangular fenced enclosure is 12 feet more than the width
If farmer Dan has 100 feet of fencing, find the dimensions of the rectangle with the largest perimeter that can be created using 100 feet of fencing.
Answer:
length = 31 ft
width = 19 ft
Step-by-step explanation:
please. Help ASAP ASAP I will give brainlist
Answer:
3 R5, 3.5
Step-by-step explanation:
Answer:
3 R 1
Step-by-step explanation:
3x2=6
7-6= 1 is your remainder
Can someone plz help me with this one problem plz!!!!
Step-by-step explanation:
Yeah the the answer is yess........
helllllllllllllllllllp me plz
Answer:
Step-by-step explanation:
1. B
2.A
UWU PLEASE HELP! my grade is depeneding on it! it would mean alot if you could help and tell the truth! each question has more than one number answer!
Answer:
I dont see the question if it pops up right now i will answer in comments
Step-by-step explanation:
:)
answer question below plsssss
The answer to the question is 6
What is the y-coordinate of point W? -2.5 -1.5 1.5 2.5
Answer:
2.5 -1.5
Step-by-step explanation:
Answer:
Step-by-step explanation:
2.5,-1.5
is cooking popcorn on a stove convection, radiation or conduction?
Cooking the popcorn on a stove is the transfer of energy in the form conduction.
Heat Energy transfers from the flame to the popcorn through the utensil which uses the mode of CONDUCTION.
Answer:
Conduction
Explanation:
The heat from the pan transfers directly to the oil. The heat from the oil transfers directly to the popcorn kernels. When the kernels reach 100°C, the liquid water inside each kernel turns into a gas (steam) and expands, making the kernel “pop.”
(Hope this helps!! Btw, I am the first to answer.)
please answer quick for brainliest
The length of a rectangle is 3 1/6 cm longer than the width. The perimeter of the rectangle is 15 1/3 cm. What are the width and length of this rectangle?
PLS HELP ASAP!!!!!!!!!!!!!!!!!
Answer:
width is 2 1/4 length 5 5/12
Step-by-step explanation:
Marcia is at a store with a 20% off sale. She also has a coupon for an additional 10% off the sale price.
Prove or disprove the following statement: A 20% discount on the original price of an item, followed by the use of a 10% off coupon, results in a total discount of 30%.
With explaination pls ill brainliest someone who helps.
Answer
Disprove. If there is a item that is $100 it will become $80 from the sale. and thenyou have a 10% coupon, which 10% of 80 is 8. There for the item will cost $72 which is not 30%
Can someone help me ASAP!! PLSSSSSSSSSSSSSSSSSSSSS
Which function of x has the least value for the y-intercept
Answer:
The answer is B
hope this helps
Slope intercept form can be represented with the formal y=mx+3 in which B represents y intercept in case 3 is the y
PLEASE HELP THANK YOU:
What is the measure of the angle that is supplementary to
a) 77° _______
a) 45° ________
a) 63° ________
a) 75° ________
Thank you so much! I appreciate it! :D
Answer:
a)13
a)45
a)27
a)15
Step-by-step explanation:
please help me on this for brainliest
Answer:
23
Step-by-step explanation:
Solve the question below
HELP! im sooooooooooo confused
Can someone plz help meeeeeee!!!!
Answer:
no
Step-by-step explanation:
Answer:
no
Step-by-step explanation:
What is Everyone up to???
Which of the purchases would be the least expensive?
Purchase
Amount of sale
Sales tax rate
A
$150
5%
B
$145
7%
C
$140
8%
D
$135
9%
purchase A
purchase B
purchase C
purchase D
Solve the question below
Answer:
she earns 7 you this bye multiplying 5 bye 140 and get 700. the divide 700 by 100. and she earn 7 dollers in commision and that gets added to her paycheck i think
Answer:
she sold for $140
she earned 5% commission
5% = 0.05
140 * 0.05 = 7
Answer: she earned $7 by commissions on her sale
Hope i could help :D
Dont be scared to ask questions if you dont uderstand.
Questions Of The Day!
Answer:1. 16 1/2 2. 4/5 3. 1 2/3
Step-by-step explanation:
Order of Operation.
Jackie Opened a pizzeria. She was charging $12 dollars for a Large Pizza, $8 dollars for medium Pizza, and $6 dollars for a small Pizza. if you order 3 large, 2 mediums, and one small pizza what equation would tell you how much You spend?
Answer:
55
Step-by-step explanation:
12x3 8x2 1x3 once youve done that it should be
36+16+3= 55 (i think so)
Answer:
(3×12)+(2×8)+6
36+16+6
52+6
58$