$987.65 is invested at 0.4% annual interest for 5 years.
a. Simple Interest b. Compound Interest

Answers

Answer 1

Answer:

I. Simple interest = $19.753

II. Compound interest = $1007.6

Step-by-step explanation:

Given the following data;

Principal = $987.65

Interest rate, R = 0.4%

Time, T = 5 years

To find the simple interest;

S.I = PRT/100

S.I = (987.65*0.4*5)/100

S.I = 1975.3/100

S.I = $19.753

II. To find the compound interest;

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

Substituting into the formula, we have;

[tex] A = 987.65(1 + \frac{0.4}{100})^{5}[/tex]

[tex] A = 987.65(1 + 0.004)^{5} [/tex]

[tex] A = 987.65(1.004)^{5} [/tex]

[tex] A = 987.65(1.0202)[/tex]

A = $1007.6


Related Questions

Thirty percent of credit card holders carry no monthly balance, while 70% do. Of those card holders carrying a balance, 30% have annual income $20,000 or less, 40% between $20,001 - $50,000, and 30% over $50,000. Of those card holders carrying no balance, 20%, 30%, and 50% have annual incomes in these three respective categories.
a) What is the probability that a randomly chosen card holder has annual income $20,000 or less?
b) If this card holder has an annual income that is $20,000 or less, what is the probability that (s)he carries a balance?

Answers

Answer:

a) 0.27 = 27% probability that a randomly chosen card holder has annual income $20,000 or less.

b) 0.778 = 77.8% probability that (s)he carries a balance

Step-by-step explanation:

Conditional Probability

We use the conditional probability formula to solve this question. It is

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]

In which

P(B|A) is the probability of event B happening, given that A happened.

[tex]P(A \cap B)[/tex] is the probability of both A and B happening.

P(A) is the probability of A happening.

a) What is the probability that a randomly chosen card holder has annual income $20,000 or less?

20% of 30%(carry no balance).

30% of 70%(carry balance). So

[tex]P = 0.2*0.3 + 0.3*0.7 = 0.06 + 0.21 = 0.27[/tex]

0.27 = 27% probability that a randomly chosen card holder has annual income $20,000 or less.

b) If this card holder has an annual income that is $20,000 or less, what is the probability that (s)he carries a balance?

Conditional probability.

Event A: Annual income of $20,000 or less.

Event B: Carries a balance.

0.27 = 27% probability that a randomly chosen card holder has annual income $20,000 or less

This means that [tex]P(A) = 0.27[/tex]

Probability of a income of $20,000 or less and balance.

30% of 70%, so:

[tex]P(A \cap B) = 0.3*0.7 = 0.21[/tex]

The probability is:

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.21}{0.27} = 0.778[/tex]

0.778 = 77.8% probability that (s)he carries a balance

Please see attached pic

Answers

Answer:

D is the correct answer.

Step-by-step explanation:

-Subtract final value by start value

-Divide by start value

-Multiply by 100

Answer:

33%

Step-by-step explanation:

Please help me 7th grade math math

Answers

Answer: 1/8

Step-by-step explanation: hoped this helped:))

Answer:

i think its 1/3

Step-by-step explanation:

The net of a triangular prism is shown
below.
8.5 cm
10 cm
10 cm
10 cm
What is the total surface area of the prism?
A 470 cm?
C 390.5 cm?
B 385 cm
D 342.5 cm

Answers

Answer:

i think a.... sorry if im wrong

Step-by-step explanation:

A quarter has a diameter of 24 mm.
Which measurement is closest to the
circumference of the quarter in
millimeters?
A. 452.39 mm
B. 37.7 mm
C. 75.4 mm
D. 150.8 mm

Answers

Answer:

C or D

Step-by-step explanation:

Can someone help me with this problem please. ( I need it as fast as possible).

Answers

Answer:

D-B-A-C

Step-by-step explanation:

Help please I’ll give extra points

Answers

You have the right answer

At 3:30 p.m., you have 15 megabytes of a movie. At 3:45 p.m., you have 75 megabytes. What is the download rate in megabytes per minute?

Answers

The answer would be 2 megabytes a minute

Helppppp plzzzzzzz!!!!! 15+PTS and brainliest!!!!!!!!! ASAP plzzz!!!!!!!!

Answers

Answer:

75 FT

Step-by-step explanation:

Multiple 5 by 4 for each of the three squares, then multiply 5 by 3 for each triangle and divide it by 2. Add them all together and you get 75.

Answer:

75 Ft

Step-by-step explanation:

I told you im surewhwhwhhwhshsbsbwbsbsbsbs

1. Consider the surface area of the pyramid shown.

(a) Draw a net for the pyramid. Label all sides with measurements.
(b) Write an expression for the surface area of the pyramid and then find the surface area.

Answers

a) ...
I don’t how to do but b) I know

b) ________________
/ (10 ✖️10)-(1.5 ✖️1.5)
\/. =9.887

(3✖️3)+4(1/2✖️3 ✖️9.887)
=9+59.322
=68.322
Answer is 68.322
I think
Also sorry I didn’t do a) because I really don’t how to do so...

Answer:

i am also trying to figure out a

Step-by-step explanation:

simplify 3 times x² times y times 4z times x times 2y times z​

Answers

Answer:

3(x^2 x Y)(4z x X)(2y x Z)

Step-by-step explanation:

Answer:

[tex]3(x^{3} * 2y^2*4z^2)[/tex]

Step-by-step explanation:

x^2(x) = x^3

2y(y) = 2y^2

4z(z) = 4z^3

Multiple it all by 3

Find the value of y. geometry!!

Answers

Answer:

y = 54

Step-by-step explanation:

Once again we are going to use the inscribed angle and intercepted arc relationship where the inscribed angle is equal to half of the measure of the intercepted arc.

Angle "y" is the inscribed angle and its intercepted arc has a measure of 108°

So y = one half of 108

[tex]\frac{108}{2} =54[/tex]

So we can conclude that y = 54

What do those emojis mean in words?

Answers

Dark barking up no tree?

A black hole

The last one ...a girl playing a instrument

4. Let's say we do an opinion poll and find that 56% of the people say the Green Bay Packers
are their favorite team, while 22% choose the Chicago bears, and 10% choose the Dallas
Cowboys. What percent of people must have a favorite team other than these three teams?

Answers

56+22+10 = 98
100 - 88 = 12
12% of people have a favorite team other than the three teams

Mario traced this trapezoid.

Answers

Answer:

84sq. in

Step-by-step explanation:

Area of the rectangle  = length * width

Given

Length = 7in

Width = 12in

Area of the rectangle = 7in * 12in

Area of the rectangle = 84sq. in

Hence the area of the rectangle is 84sq. in

If a•b=b, what must the value of a be?
A.1
B.0
C.2
D.b

Answers

Answer:

a

Step-by-step explanation:

an example

1x2=2

1 is a, 2 is b, see they equal the same 2 and 2.

Answer:

B. 0

Step-by-step explanation:

Any number multiplied by 0 equals zero.

GIVING EVERYTHING IF CORRECT. No fake answers, you will be reported.

Answers

Answer:

the answer is 78.5 square units i think

Step-by-step explanation:

Answer:78.5 square units.

Explanation:

Find the volume of the pyramid.

Please Help!

Answers

Answer:

144cm

Step-by-step explanation:

Just search it up lol

One hundred forty four centimeters

Help please I’ll give extra points and brainlist

Answers

Answer:

Step-by-step explanation:

Probably D,  he's measuring voltage across the wire.. and then across the light bulb,   there would be very little across the wire and a lot across the light bulb

A rectangular pool is being constructed with a length that is four times the width. There will be a walkway constructed around the pool that is 6 feet wide all around. Write a factored expression for the area in square feet of the pool and the walkway combined.

Answers

Answer:

(4x²+36) feet²

Step-by-step explanation:

Area of the pool = L × W

Take width as x and Length as 4x

4x × x = (4x²)feet² {area of pool}

Area of walkway = L × W

6 × 6 = 36feet²

Total area = 4x² + 36 feet²

The length of a rectangle is 2 meters longer than the width. If the area is 30 square meters, find the rectangle's dimensions.

Answers

the answer would be 15
30 divided by 2
if it’s wrong I’m so sorry.

40 POINTS!!!

Two construction companies are building homes in a new neighborhood. Company A has built 18 homes and plans to build an additional 6 homes each month. Company B has built 41 homes and plans to build an additional 4 homes each month. if building goes according to their plans, in how many months will the total number of homes built by the companies be equal to each other?

Answers

Answer:

14 months until there equal

Answer:

14 months

Step-by-step explanation:

In each case, calculate the circumference and the area.
The radius is 22 cm.
Your answer​

Answers

Answer:

Circumference of circle = 138.28 cm (Approx.)

Area of circle = 1,521.11 cm² (Approx.)

Step-by-step explanation:

Given:

Radius of circle = 22 cm

Find:

Circumference of circle

Area of circle

Computation:

Circumference of circle = 2πr

Circumference of circle = 2(22/7)(22)

Circumference of circle = 2(3.1428)(22)

Circumference of circle = 138.2832

Circumference of circle = 138.28 cm (Approx.)

Area of circle = πr²

Area of circle = (22/7)(22)²

Area of circle = (3.1428)(22)(22)

Area of circle = 1,521.1152

Area of circle = 1,521.11 cm² (Approx.)

Evaluate the piecewise function when x = -1.

Answers

Step-by-step explanation:

-2<-1<1, so f(-1)=-1-2=-3

Will give brainliest

Answers

Answer: Because the question uses the word “distinct” meaning obvious, and clear, I would select AB, AC, CB. (If it’s asking for all the possible line segments, I would select AB, AC, CB, BA, CA, BC).

Which expression below has the same value as
6
9?​

Answers

Which expression below has the same value as

6

9?​

Answer:

answer is c no because 9 power six so, we have to write 9 number 6 times

PLZ GIVE BE BRAINLIEST ANS+THANKS :(

Answer:

C,

Step-by-step explanation:

Hey there the answer is C  9x9x9x9x9x9 i did it 6 times because the exponent was 6

Find the surface area of each figure to the nearest tenth.


Answers

Answer:

A≈471.24 is the surface area of the cylinder

58m^2 is the surface area of the triangular prism

Step-by-step explanation:

Solution

A=2πrh+2πr2=2·π·5·10+2·π·52≈471.2389

Triangle area formula

area = 0.5 * b * h , where b is the length of the base of the triangle, and h is the height/altitude of the triangle.

4(2.5)+8(6)

10+48=58m^2

Hope this helped!!!

Solve this simultaneous equation x+2y=11
x-2y=1

Answers

Answer:

Equation 1,

[tex]x + 2y = 11[/tex]

Equation 2,

[tex]x - 2y = 11[/tex]

Take equation number 2.

[tex]x - 2y = 11 \\ x = 11 + 2y[/tex]

Substitute 'x' in Equation number 1.

[tex]x + 2y = 11 \\ 11 + 2y + 2y = 11 \\ 11 + 4y = 11 \\ 4y = 11 - 11 \\ 4y = 0 \\ y = \frac{0}{4} \\ y = 0[/tex]

y = 0.

So x,

[tex]x = 11 - 2y \\ x = 11 - 2(0) \\ x = 11 - 0 \\ x = 11[/tex]

x = 11.

Answer:

using elimination method multiply both equations by 2...then subtract equation 2 from 1

Which function is continuous at x = –4?

Answers

Answer:

The correct answer is C. I tried B and got it wrong

Step-by-step explanation:

Patricia rode her bike at a constant rate of 0.3 kilometer per
minute. Which table represents y, the number of kilometers
Pamela rode her bike in x minutes?
A
Number of
Minutes, x
Number of
Kilometers, y
Number of
Minutes,
Number of
Kilometers, y
5
03
5
0.1
10
03
10
02
15
0.3
15
0.3
20
03
20
0.4
D
Number of
Minutes,
Number of
Kilometers, y
Number of
Minutes,
Number of
Kilometers,
5
15
5
53
10
3.0
10
1013
15
45
15
153
20
GO
20
203

Answers

Answer:

C

Step-by-step explanation:

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