How much interest will you earn if you deposit
$4000 into an account compounded semi-annually
at 2.8% for 5 years?

Answers

Answer 1

Answer:

45215.31

Step-by-step explanation:

Answer 2

$596.6 is the interest will you earn if you deposit $4000 into an account compounded semi-annually at 2.8% for 5 years.

What is compounding?

Compounding is the process whereby interest is credited to an existing principal amount as well as to interest already paid. Compounding thus can be construed as interest on interest—the effect of which is to magnify returns to interest over time, the so-called “miracle of compounding.”

According to question,$4000 into an account compounded semi-annually at 2.8% for 5 years.

We have to find interest rate.

Formula for compound interest is [tex]P[(1+i)^n-1][/tex]

Since compounding is semi-annually,

[tex]i=\frac{0.028}{2}[/tex][tex]=0.014[/tex] (since compounding is semi-annually)

[tex]n[/tex]=number of years=[tex]5[/tex] ×[tex]2=10[/tex] years (since compounding is semi-annually)

So, compound interest

[tex]=[/tex][tex]P[(1+i)^n-1][/tex]

[tex]=4000((1+0.014)^{10} -1))[/tex]

[tex]=4000[/tex]×[tex]0.1491[/tex]

[tex]=596.6[/tex]

Hence we can conclude that,$596.6 is the  interest will you earn if you deposit $4000 into an account compounded semi-annually at 2.8% for 5 years.

Learn more about  compound interest here:

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Related Questions

The roots of the function f(x) = x2 – 2x – 3 are shown. What is the missing number?

x = –1 and x =

Answers

Answer:

x=3

Step-by-step explanation:

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After the elves had hung 25% of the ornaments on the North Pole tree, there
were 480 more ornaments to hang. How many ornaments were in the box to
begin with?

Answers

Answer:

640

Step-by-step explanation:

x = total amount of ornaments

480 = 0.75x

(480 is 7 percent of the ornaments after you hang 2 percent of them)

x = 640

Solve the inequality and graph the solution.
j/4>2

Answers

Answer:

J=8

Step-by-step explanation:

Multiply 4 by 2 and then you get 8 and 8/4 is 2 so J = 8

sorry if im incorect

Marcus sleeps 60 hours a week this is 5 times as many hours as he plays chess. How many hours a week does Marcus play chess?

Answers

Answer: 12 hours a week

Step-by-step explanation:

60/5 = 12

Since he plays chess 5 times the amount of time he sleeps, simply divide the amount of time he sleeps by 5.

Correct me if I am incorrect.

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Answers

Answer:

5

Step-by-step explanation:

3a+5=20 -5

3a=15 /3

a=5

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8.3 44444 is the answer

Step-by-step explanation:

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24/4=6 so we must do 6x6=36. The final answer is 36:24

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please read the question on the photo and these are the choices bellow!!

A-translation, reflection
B- rotation, reflection
C-reflection, rotation
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Answers

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D.

Step-by-step explanation:

7 x [(7 + 7) = 7
Help plz

Answers

Answer:

[tex] \frac{1}{14} [/tex]

Step-by-step explanation:

7 x (7+7)=7

7x [(14)]=7

x=

[tex] x = \frac{1}{14} [/tex]

Help me with these worksheets pls

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Answer:

1. yes

2.no

3.yes

4.no

5.yes

The sum of the first 15 terms of a geometric sequence with 7 as the first term and a common ratio of -3 is __________.

Answers

Step-by-step explanation:

the formula for the sum of the first n terms of a geometric sequence is

Sn = s1(1 - r^n)/(1 - r)

with r being the common ratio and s1 is the first term.

so,

S15 = 7×(1 - (-3)¹⁵)/(1 - -3) = 7×(1 - -14,348,907)/4 =

= 7×14,348,908/4 = 7×3,587,227 = 25,110,589

is -74.58 an integer

Answers

yes it is. goodluck!

Pls help my child has no clue and this math is too hard for me to understand!!

Answers

Answer: 160

Step-by-step explanation: The questions says that there are 144 which make up 90% of the total group.

What is the other 10%? To figure this out, we can set up a proportion which we can do in the following way:

144/t = 90/100

From here, you can cross multiply 144 x 100 = 14,400

90t = 14,400

t= 160

You can always check by plugging 160 into t to make sure the proportion is equal. I picked t as my varriable of choice which stands for team members. But you can pick an varriable (letter) to find an unknown.

In practice, is best that your child uses a calculator because in the real world, its a practical handy tool and one doesn't have time to memorize every detail by doing that long division. Once your child gets the hang of practicing setting up proportions, your child can solve a variety of problems without going back in circles.

Hope this explanation helps. Best of luck to you and your child.

A fair coin is tossed (heads or tails) 9 times. What is the probability that the coin will land “heads” exactly 3 out of the 9 times?

Answers

Answer:

Step-by-step explanation:

The total number of tosses is 9

The number of successes is 3

P(heads 3 times ) = 3/9

P(heads 3 times) = 1/3

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What is the equation of this graphed line?

Answers

Answer:

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Bob purchased 2 hot dogs and 1 hamburger for S10. Later that day, Bob had to purchase more food and
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Answers

Answer:

Hotdog: $3.00

Hamburger: $4.00

Step-by-step explanation:

For the first time that Bob buys food, we can make an equation to find how much a single hotdog and a single hamburger costs, where:

x = cost of a hotdog

y = cost of a hamburger

He bought 2 hotdogs and 1 hamburger for $10, so the equation for his first time buying food is:

2x + y = 10

For the second time buying food, he bought 1 hotdog and 3 hamburgers for $15, so his equation would be:

x + 3y = 15

To find the value for x and y we need to solve this system of equations using the two equations we just came up with. We can do this multiple ways, but I'll be demonstrating the substitution method.

Using the second equation, we can solve for x by simply subtracting 3y from both sides:

x = 15 - 3y

We can then insert this value of x into the first equation so that way we are only dealing with one variable to solve - y:

2(15-3y) + y = 10

Distribute out the 2 into the paratheses, combine like terms, and then solve for y:

30 - 6y + y = 10

30 - 5y = 10

-5y = -20

y = 4

This means the cost for one hamburger is $4. But we still need to find the price of one hotdog, so we can insert this value of y into the equation we came up with earlier for x, and then solve for x:

x = 15 - 3y

x = 15 - 3(4)

x = 15 - 12

x = 3

So the price of one hotdog is $3 and the price of one hamburger is $4. Hope this helps.

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Answers

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Answer:

Its D

Step-by-step explanation:

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Answers

You are adding by 5 in the sequence.
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f(5)=13
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a. Morning rain showers dropped 1/3 of an inch of rain. Later that day, another storm passed through and dropped 1/8 inch of rain. How much more rain fell in the morning than in the afternoon?

Answers

Answer: 5in

Step-by-step explanation:

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1/8x3/3=3/24

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in 2011 i sold 105276 tickets.
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How many tickets i sell in 2018?

And

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Answers

Answer:

sorry I don't know the answer of this

A researcher at the Centers for Disease Control and Prevention is studying the growth of a certain bacteria. He starts his experiment with 200 bacteria that grow at a rate of 2% per hour. He will check on the bacteria every 7 hours. How many bacteria will he find in 7 hours? Round your answer to the nearest whole number.

Answers

The population of the bacteria after 7 hours is 230 bacteria.

An exponential function is given by:

y = abˣ

where y, x are variables, a is the initial value of y and b is the multiplier.

Let y represent the population of bacteria after x hours.

Given that he starts his experiment with 200 bacteria, hence

a = 200

The bacteria grow at a rate of 2% per hour, hence:

b = 100% + 2% = 1.02

The exponential equation becomes:

y = 200(1.02)ˣ

After 7 hours:

y = 200(1.02)⁷ = 230

The population of the bacteria after 7 hours is 230 bacteria.

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A. $10

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They make $10 profit an hour.

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Answer:

total cost = 10 • months + 100

Step-by-step explanation:

The $100 application fee is extra, only needed to pay once. The $10 per month is multiplication. $10 • the number of months.

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What is the equation of this graphed line?



Enter your answer in slope-intercept form in the box.

Answers

Answer is highlighted in blue. If you have any questions feel free to ask.
We can find the slow by using the formula y2-y1/x2-x1. We have (-4, -6) and (2, 6). 6+6/2+4 is 12/6 which is 2. We need to put this into point slope form before putting this into slope-intercept form.

I will use the coordinates (2, 6).

y - 6 = 2(x - 2)

This gives us y - 6 = 2x - 4. We need to isolate y. This gives us y = 2x + 2.

I decided to use point slope form because it looks like the y-intercept is 2 and something tenths. However, the line is just off.

The answer is: y = 2x + 2

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2
3
4
5

Answers

Answer: The missing digit is 2.

Step-by-step explanation:

4,912*22= 108,064

The diameter of a circle fits around the circle ______ times.

Answers

Answer:

it fits around [tex]\pi[/tex] times which is approximately 3 times

Step-by-step explanation:

[tex]\pi[/tex]

florida sales tax is 7%. How much money comes out of your pocket if u buy something for $100

Answers

Answer:

$7

Step-by-step explanation:

If you use "Is over of" the equation will be ?/100*7/100, therefore after simplifying your answer is $7

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Answers

Answer:

y-intercept = (0,3)

Step-by-step explanation:

11)
Given the function, f(x) = x2 + 5x - 3 evaluate f(-2).

Answers

Answer:

f(- 2) = - 9

Step-by-step explanation:

Substitute x = - 2 into f(x) , that is

f(- 2) = (- 2)² + 5(- 2) - 3 = 4 - 10 - 3 = 4 - 13 = - 9

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