I need help finding the answer to this:
Nathan opens a new savings account and makes an initial deposit of $400. If the account earns 2% annual interest, how much interest will he earn in 9 months?

Answers

Answer 1

Answer:

He will earn $6 in interest in 9 months.

Step-by-step explanation:

This is a simple interest problem.

The simple interest formula is given by:

[tex]E = P*I*t[/tex]

In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.

After t years, the total amount of money is:

[tex]T = E + P[/tex]

Initial deposit of $400.

This means that [tex]P = 400[/tex]

2% annual interest

This means that [tex]I = 0.02[/tex]

How much interest will he earn in 9 months?

An year has 12 months, this means that [tex]t = \frac{9}{12} = \frac{3}{4} = 0.75[/tex]

This is E. So

[tex]E = P*I*t = 400*0.02*0.75 = 6[/tex]

He will earn $6 in interest in 9 months.


Related Questions

What is the equation of a line, in general form, that passes through point (1,-2) and has a siope of 1/3?

Answers

9514 1404 393

Answer:

  x -3y -7 = 0

Step-by-step explanation:

The general form of the equation for a line is ...

  ax +by +c = 0

where a, b, c are mutually prime and the leading coefficient is greater than zero.

__

The general form equation for a line with slope m = rise/run through point (h, k) can be found by simplifying ...

  rise(x -h) -run(y -k) = 0 . . . . where run has the sign of the slope

For the given point and slope, we have ...

  1(x -1) -3(y -(-2)) = 0

  x -3y -7 = 0

Solve for a

a² + 7a - 8 = 0

Answers

Answer:

a=-8

Step-by-step explanation:

Use mental math, estimation, and the division algorithm to evaluate the expressions.
What is the answer ?

118.4 divided by 6.4 ?

Answers

Answer:

18.5

Step-by-step explanation:

Answer to question: 18.4

2) 8x +9y = 82
2x + 2y = 20

Answers

X=8 and y=2 solved using elimination

Consider the function.
3
f(x) = -X + 12
4
What is the y-intercept of f'(x)?
-16
ООО
- 12
3
4

Answers

Answer:

A. -16

Step-by-step explanation:

Note that [tex]f^{-1}(x)[/tex] stands for the inverse of [tex]f(x)[/tex]. We can write the graph as [tex]y=\frac{3}{4}x+12[/tex]. Switching [tex]y[/tex] with [tex]x[/tex] and vice versa will now get us the inverse of the graph, so we see that the inverse is [tex]x=\frac{3}{4}y+12[/tex].

We are asked for the y-intercept, which is the point for which [tex]x=0[/tex]. Substituting that gives [tex]0=\frac{3}{4}y + 12[/tex] or [tex]\frac{3}{4}y = -12[/tex], so [tex]y=-12\cdot \frac{4}{3} = -16.[/tex] We are now done.

(4+4)÷22×2

plss someone answer hurry <3

Answers

Answer:

first is 4+4=8.........second is 22×2=11 ..........third is 8÷11=0.7272727273 u can do it 0.72

Step-by-step explanation:

hope this help

Answer:

0.72

Step-by-step explanation:

write the equation of the line that is parallel to y=4x-1 and passes through the point (4.9)

Answers

9514 1404 393

Answer:

  y = 4x -7

Step-by-step explanation:

Rearranging the slope-intercept for equation, we can find the intercept:

  y = mx +b

  y -mx = b . . . . . subtract mx

We know the slope of the parallel line is the same as that of the given line (m=4), so we only need to find 'b'.

  b = 9 -4(4) = -7

The desired equation is ...

  y = mx +b

  y = 4x -7

10 Determine the area of the figure. 9 cm 6 cm 12 cm​

Answers

Answer:

Area= 648

Step-by-step explanation:

Area formula: L times W times H

9 times 6 times 12        :)

When the length, width, and the height is given so the area of the figure is considered to be 648.

Calculation of an area:

Since the length is 9cm

The width be 6 cm

And, the height is 12 cm

So, the area be like

= (9) (6) (12)

= 648

Hence, When the length, width, and the height is given so the area of the figure is considered to be 648.

Learn more about an area here: https://brainly.com/question/20882229

PLS HELP GIVING BRAINLESS TO FIRST PERSON PLS HELP

Answers

The answer to this question is A x<8

Which expression is equivalent to z2 + z + 4z3 + 4z2 ?
Group of answer choices

A.No answer text provided.

B.5z

C.4z3 + 5z2 + z

D.4z3 + 5z2

E.9z2 + z

Answers

I know the answere it is c

A collector has 2792 coins
altogether. Half of the coins
are on display. The collector
buys more coins at an auction
so that the coins on display
are now 40% of the collection.
How many coins are bought at
the auction?

Answers

Answer:

3490 coins

Step-by-step explanation:

Given data

Total coins= 2792 coins

Half of the coins are on display

that is 50% are on display

=2792/2

=1396

let the coins bought be x

40% of x= 1396

40/100*x= 1396

0.4x= 1396

x=  1396/0.4

x=3490

Hence 3490 coins were bought

−3.64⋅|−5.3|−1.5^3

help pls

Answers

Answer:

5

Step-by-step explanation:

its 45

Answer:

-22.667

Step-by-step explanation:

-3.64(5.3) - (1.5)³

-19.292 - 3.375 = -22.667

Which of these represents the equation of a line that passes through the points (-5, -4) and (3, 8)?
A
3
y = x +
7
2
B.
y = {
C
2
3
С
y = ſa +6
y= 3x - 22
D
2

Answers

The answer is a I just did it :)

What is the value of y?
What is the area, in square inches, of the rectangle

Answers

Answer:

Part A:  y = 3

Part B:  Area = 60 sq units

Step-by-step explanation:

we can create this system of equations from the information given:

8y + 2x = 34

10y + 2x = 40

now we can subtract to get:

-2y = -6

y = 3

solve for 'x':

8(3) + 2x = 34

24 + 2x = 34

2x = 10

x = 5

Area of Rectangle is 12 x 5

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