A bank account pays 0.5% monthly interest. If $500 is put in the account, what will the balance be at the end of one year, assuming no additional deposits or withdrawals are made? Do not include units ($) in your answer.

Answers

Answer 1

The balance at the end of one years is; $502.5. The equation that that represents the balance in the account is $500 x (1.005)^1

What will be the balance of the account?

The amount of money in the bank account would grow at an exponential rate. then the formula for calculating future value:

FV = P (1 + r)^nm

Where:

FV = Future value

P = Present value

R = interest rate

N = number of years

We are given that bank account pays 0.5% monthly interest. If $500 is put in the account, it will the balance be at the end of one year,

$500 x (1 + 0.5/100)^1

$500 x (1.005)^1

= $502.5

To learn more about future value, please check: brainly.com/question/18760477

#SPJ1

Answer 2

Answer: $530.84

Step-by-step explanation: The principal is $500 with 0.5% added MONTHLY. One year has 12 months so we must calculate the interest for 12 months.


$500(1.005)^12 = $530.838 which rounds to $530.84


Related Questions

What is a angle called when two angles share a common side and a common vertex

Answers

They are called “Adjacent Angles”

Answer:

Adjacent Angles

Step-by-step explanation:

Adjacent angles are two angles that have a common vertex and a common side but do not overlap. They share the same vertex and the same common side.

If the sum of two numbers is 10 and the diffference is 6, find the numbers​

Answers

8 and 2
8+2 = 10
8-2 = 6

X + y = 10

Rewrite as y = 10-x

Y - x = 6

Replace y

10-x -x = 6

Simplify:

10-2x = 6

Subtract 10 from both sides:

-2x = -4

Divide both sides by -2:

X = 2

Now replace x in the first equation:

2 + y = 10

Subtract 2 from both sides:

Y = 8

The two numbers are 8 and 2

Find x. Please and thank you!

Answers

i found X he’s up here in heaven
X=7
Okay since the triangle is an isosceles triangle, you’re going to multiply that (9x-25) by 2. After that you’re going to add 104 to the 50 part of now 18x-50. Now just do this
180=18x-50 and solve for X and you should get X=7

a) work out the size of angle x
b) give reasons for your answer

Answers

Answer:

angle B=100 degrees

vertically opposite angle

angle B +x= 180 degree

100-180=x

80 degree =x

Answer:

x = 80°

Step-by-step explanation:

GIVEN :-

AD ║ EHCG as transversal∠CBD = 100°∠EFB = x°

TO FIND :-

The measure of x°

PROCEDURE :-

∠CBD + ∠FBD = 180°      (∵ ∠CBD & ∠FBD form a linear pair )

⇒ ∠FBD = 180° - 100° = 80°

Also,

∠FBD = ∠EFB       (∵ Alternative Interior Angles are equal )

⇒ x = 80°

A directed line segment AB with A (1,3) and B (8,4) is partitioned by point C such that AC and CB form a 4:1 ratio. Find C
Write your answer as a coordinate point.
Do not include spaces in your answer.
Write your answer as a decimal if necessary.

Answers

Answer:

[tex]C = (\frac{33}{5},\frac{19}{5})[/tex]

Step-by-step explanation:

Given

[tex]A = (1,3)[/tex]

[tex]B = (8,4)[/tex]

[tex]AC : BC = 4 : 1[/tex]

Required

Determine the coordinates of C

To do this, we make use of:

[tex]C = (\frac{nx_1 + mx_2}{n+m},\frac{ny_1 + my_2}{n+m})[/tex]

Where:

[tex]A = (1,3)[/tex] ---- [tex](x_1,y_1)[/tex]

[tex]B = (8,4)[/tex] ---- [tex](x_2,y_2)[/tex]

[tex]m:n = 4 : 1[/tex]

So:

[tex]C = (\frac{1 * 1 + 4*8}{1+4},\frac{1*3 + 4*4}{1+4})[/tex]

[tex]C = (\frac{33}{5},\frac{19}{5})[/tex]

Derek has a bank account that pays 4.1% simple interest. He deposits $910 and leaves it in for 2.5 years. How much interest does he earn.​

Answers

Answer:

After 2 and a half years, Derek's bank account will have earned interest of $ 93.27.

Step-by-step explanation:

Given that Derek has a bank account that pays 4.1% simple interest, and he deposits $ 910 and leaves it in for 2.5 years, to determine how much interest does he earn, the following calculation must be performed, knowing that simple interest is not added to the initial capital:

(910 x 0.041) x 2.5 = X

37.31 x 2.5 = X

93.275 = X

Thus, after 2 and a half years, Derek's bank account will have earned interest of $ 93.27.

pls pls pls pls helpppp

Answers

its 8.5 im 100% certain on this

7 x 4 - 20
Answer this 2 mins later (timer on math probs)

Answers

Answer:

I think answer is 8.....

A $7.00 item is marked down by 10%.
What is the new cost of the item?
Round to two decimals if needed.
$

Answers

Answer:

6.3

Step-by-step explanation:

5 members or 20% of the math league did not come to the meet. how many total members are there

Answers

There are 20 total members! Don’t click the answer above, it’s a scam. Mark brainliest :)

What is the conjugate of (x2-6)?

Answers

Answer:

2(x - 3)

Step-by-step explanation:

what is the quotient of 3 to the 5 power ÷ 3 to the 3 power

Answers

The answer is 9 because 3^5 is 243 divided by 27 equals 9

PLZ HELP DUE IN 8 MINS PLZ HELP

Answers

Answer: for number 1 its negative 14

Step-by-step explanation:

In ΔJKL, j = 520 inches, k = 730 inches and l=640 inches. Find the measure of ∠K to the nearest degree.

Answers

Answer:

It’s 56.7

Step-by-step explanation:

Fudisks

I WILL GVE BRAINLIEST JUST HELP ASAP

Use the Rational Zeros Theorem to write a list of all potential rational zeros
f(x) = 14x3 + 56x2 + 2x - 7

Answers

Answer:

± 1 , ± 1/2 , ± 1/7 , ± 1/14 , ± 7 , ± 7/2

Step-by-step explanation:

whoever gets these 2 right gets brainliest!!

Answers

Answer: c,b

Step-by-step explanation:

Answer:

the correct and reasonable answer should be B and C.

Step-by-step explanation:

What is the equation of the line, in slope-intercept form, that passes through the
points (-2, -2) and
and (4, — 3)?

Answers

Answer:

y = [tex]\frac{-1}{6}[/tex]x - [tex]\frac{7}{3}[/tex]

Step-by-step explanation:

1. Find the slope -3- -2 / 4 - -2  so -3+2/4+2, -1/6 so m = -1/6

2.  Find y intercept (b)   y = mx + b so -2 = -1/6(-2) + b, -2 = 1/3 + b

b = -2-1/3, b = -6/3 - 1/3, so b = -7/3

3.  Put it all together y = mx + b so y = -1/6x -7/3

a savings account increases from $200 to $212. what is the percent increase of the savings account?

Answers

Answer:

6% increase

Step-by-step explanation:

To find the percent increase, divide the difference by the original:

12/200

= 0.06

Multiply this by 100:

0.06(100)

= 6

So, the percent increase was 6%

Jennifer is attending a school orchestra concert.She sees her math teacher seated 4.5 meters ahead of her and her science teacher seated 1.1 metes to her right.how far apart are the two teachers?

Answers

Answer:

j

Step-by-step explanation:

jj

The lengths of a professor's classes has a continuous uniform distribution between 50.0 min and 52.0 min. If one such class is randomly selected, find the probability that the class length is between 51.5 and 51.7 min. P(51.5 < X < 51.7)

Answers

Answer:

0.1 = 10% probability that the class length is between 51.5 and 51.7 min, that is, P(51.5 < X < 51.7) = 0.1.

Step-by-step explanation:

A distribution is called uniform if each outcome has the same probability of happening.

The uniform distributon has two bounds, a and b, and the probability of finding a value between c and d is given by:

[tex]P(c \leq X \leq d) = \frac{d - c}{b - a}[/tex]

The lengths of a professor's classes has a continuous uniform distribution between 50.0 min and 52.0 min.

This means that [tex]a = 50, b = 52[/tex]

If one such class is randomly selected, find the probability that the class length is between 51.5 and 51.7 min.

[tex]P(51.5 \leq X \leq 51.7) = \frac{51.7 - 51.5}{52 - 50} = \frac{0.2}{2} = 0.1[/tex]

0.1 = 10% probability that the class length is between 51.5 and 51.7 min, that is, P(51.5 < X < 51.7) = 0.1.

Which is a perfect square?
61
62
63
65

Answers

Answer:

None of them really,

A perfect square is a number that can be expressed as the product of two equal integers...which is not seen here.

Th closest perfect square that could be possible would be 64, but thats not an option, so go with none.

What is the area of the triangle?
6
2
3

Answers

Answer:

6

Step-by-step explanation:

Find the area of both triangles inside the bigger triangle and add them together.

Use the Pythagorean theorem to find the missing length of the leg in the smallest triangle:

a² + b² = c²

2² + b² = 3²

4 + b² = 9

5 = b²

2.2 ≈ b

Calculate the area of the smaller triangle:

1/2(bxh)

1/2(2 x 2.2)

1/2(4.4)

2.2

Calculate the area of the bigger triangle:

We know that the longer leg is 3.8 units because we were able to subtract the length of the smaller triangle's leg from 6.

1/2(bxh)

1/2(2 x 3.8)

1/2(7.6)

3.8

Add both areas to find the area of the largest triangle:

3.8 + 2.2 = 6

A friend owes $10,000 on his credit card. He plans to stop making charges and pay off the balance. The card has a minimum payment of 5%. He figures correctly that 5% of $10,000 is $500. From that he concludes that he needs to make the 5% minimum payment for only 20 months Is your friend right? If not, explain the error in his reasoning.

Answers

Answer:

yes he is correct

Step-by-step explanation:

10000x0.05=500 so thats correct

he will pay 500 for 20 month= 10,000

30°
8 + 6x
4x + 2
in a triangle

Answers

Answer:

x=12

Step-by-step explanation:

Simplifying

30 + 4x + 2 = 8 + 6x

Reorder the terms:

30 + 2 + 4x = 8 + 6x

Combine like terms: 30 + 2 = 32

32 + 4x = 8 + 6x

Solving

32 + 4x = 8 + 6x

Solving for variable 'x'.

Move all terms containing x to the left, all other terms to the right.

Add '-6x' to each side of the equation.

32 + 4x + -6x = 8 + 6x + -6x

Combine like terms: 4x + -6x = -2x

32 + -2x = 8 + 6x + -6x

Combine like terms: 6x + -6x = 0

32 + -2x = 8 + 0

32 + -2x = 8

Add '-32' to each side of the equation.

32 + -32 + -2x = 8 + -32

Combine like terms: 32 + -32 = 0

0 + -2x = 8 + -32

-2x = 8 + -32

Combine like terms: 8 + -32 = -24

-2x = -24

Divide each side by '-2'.

x = 12

Simplifying

x = 12

HELP ASAP!! In a right triangle, the longer leg is twice the shorter leg and the hypotenuse is 8 more than the shorter leg. Find the length of the shorter leg.

Answers

Answer:

We can't find an exact number, but the answer is x.

i will give you brainliest whoever answers correct first!!

Answers

Answer:

x=16

Step-by-step explanation:

ok yeah lololol

I have tried a while to figure this out, but I have had no luck!

Dianne runs around a circular track that has a radius of 55 feet. After running three quarters of the distance around the track, how far has she run?

Answers

Answer:

She has run 259.18m

Step-by-step explanation:

Since Dianne is running around the circular track, she is running around the perimeter of the circle.

Now, we know that the perimeter of a circle is given by;P = 2πr

Thus the perimeter of the track = total distance that the man travels = 2 x π x 55 = 345.575 meters

Now,since she has run 3/4 of the distance, thus, she has run;

(3/4) x 345.575 = 259.18m

A psychology professor assigns letter grades on a test according to the following scheme. A: Top 9% of scores B: Scores below the top 9% and above the bottom 56% C: Scores below the top 44% and above the bottom 20% D: Scores below the top 80% and above the bottom 6% F: Bottom 6% of scores Scores on the test are normally distributed with a mean of 79.3 and a standard deviation of 8.4. Find the numerical limits for a D grade. Round your answers to the nearest whole number, if necessary.

Answers

Answer:

You get a D if you have a grade between 66 and 72.

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

Scores on the test are normally distributed with a mean of 79.3 and a standard deviation of 8.4.

This means that [tex]\mu = 79.3, \sigma = 8.4[/tex]

D: Scores below the top 80% and above the bottom 6%

So between the 6th and the 20th percentile.

6th percentile:

X when Z has a pvalue of 0.06. So X when Z = -1.555.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]-1.555 = \frac{X - 79.3}{8.4}[/tex]

[tex]X - 79.3 = -1.555*8.4[/tex]

[tex]X = 66.2[/tex]

Rounds to 66

20th percentile:

X when Z has a pvalue of 0.2. So X when Z = -0.84.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]-0.84 = \frac{X - 79.3}{8.4}[/tex]

[tex]X - 79.3 = -0.84*8.4[/tex]

[tex]X = 72.2[/tex]

Rounds to 72

You get a D if you have a grade between 66 and 72.

PLEASE ANSWER ASAP FOR BRAINLEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer: Should be 150mm

Step-by-step explanation:

Find the surface area of each figure. Round answers to the nearest tenth, if necessary

2 mm-

2/5 mm

10 mm

3 mm

O

75 mm2

150 mm2

92 mm2

86 mm2

Answer: second one; 150mm^2

3/4 of 1/3 =? please show me how to do it

Answers

I haven’t done this in a while, but I believe that the “of” in the equation means multiply so you do 3/4 x 1/3 to get 3/12 (simplified to 1/4)!!
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