Final answer:
With a principal amount of $6000 and a 3% annual interest rate compounded yearly, the account balance at the end of one year will be $6180, and at the end of two years, it will be $6365.40.
Explanation:
To calculate the amount of money in an account with compounded interest, we can use the formula [tex]A = P(1 + r/n)^{(nt)[/tex], where A is the amount of money accumulated after n years, including interest, P is the principal amount, r is the annual interest rate (decimal), n is the number of times the interest is compounded per year, and t is the time the money is invested for in years.
For the student's case, with $6000 placed in an account at 3% interest compounded each year with no withdrawals:
To find the amount at the end of one year, we calculate it as [tex]A = 6000(1 + 0.03/1)^{(1\times 1)[/tex], which equals $6000 × 1.03 = $6180.To find the amount at the end of two years, [tex]A = 6000(1 + 0.03/1)^{(1\times 2)[/tex], giving us $6000 × 1.03² = $6365.40.As such, after one year, the student would have $6180, and after two years, the balance would be $6365.40.
Select three rations that are equivalent to 7: 6.
Imagine a world in which only decimal,not fractions,are used.how would your life be different
Help with this math question please had to post picture side ways for it to fit thanks
496 rounded to the nearest 10 is 500 true or false
5.1 times 10 to the fourth power
a motorboat travels 432 kilometers on 6 hours going upstream and 384 km in 4 hours going downstream. What is the rate of the boat in still water and what is the rate of the current.
please help slove and steps
Can you please explain this
A town has two fire engines, a and b, that operate independently. the probability that engine a is available when needed is 0.96. the probability that engine b is available when needed is also 0.96. 12. what is the probability that neither fire engine is available when needed?
translated 2 units left and 9 units down
The translation of the given expression is "[tex]\bold{y=(x+2)^2-9}[/tex]"
Translation of equation:Given:
"translated 2 units left and 9 units down".
we assume the equation is "y" so, the translation of the above-given expression is equal to "[tex]\bold{y=(x+2)^2-9}[/tex]".
Please find the attached diagram for the translated expression.
Find out more information about the translation here:
brainly.com/question/24649944
What is the arc length of a circle (in meters) with a radius of 2 meters that has an arc angle of 90°? A 2π B π C 2 D 4π
Buying something in order to increase social status is known as _____ consumption.
1 Conspicuous
2 Emotional
3 Research
4 Wise
1) Conspicous Consumption
Which of the following is the same as 5(2 − 1)?
a 5 − 2 − 1
b 5 × 2 × 1
c 10 − 1
d 10 − 5
e one of the above
Distance between New York and San Francisco is 2539.79 MI a train travels at an average speed of 90 miles per hour what equation shows the relationship between distance traveled (Dl speed (s) and time taken (t)
Lee associates borrowed $60,000. The company plans to set up a sinking fund that will pay back the loan at the end of 12 years. Assuming a rate of 8% compounded semiannually, the amount to be paid into the fund each period is?
what do i do?? i just have to find what the the question marks show.
Admission to the state fair costs $5 and each ride costs $0.75. If Ahmed wants to spend no more than $14 at the fair, how many rides can he ride?
-Show All Work Please-
3 over 5 is 30% of what number?
What number lies between 7x8/10=
If the correlation between height and weight of a large group of people is 0.75, find the coefficient of determination (as a percent) and explain what it means. assume that height is the predictor and weight is the response, and assume that the association between height and weight is linear.
Answer:
Step-by-step explanation:
Given that the correlation between height and weight of a large group of people is 0.75
Coefficient of determination = [tex]R^2 =0.75^2 =0.5625=56.25%[/tex]
Coefficient of determination gives us the strength of association between two variables and how much the variability of the response variable i.e. weight is due to the variability of the predictor variable i.e. height
When there is a linear association correlation coefficient square gives us the reason for the variability and percentage due to the variability in predictor variable
Liliana used 4 dark power crystals to raise 14 zombie soldiers. She wants to know how many zombie soldiers (z) she can raise with 10 dark power crystals. How many zombie soldiers can Liliana raise with 10 power crystals?
Answer:- Liliana can raise 35 zombie soldiers with 10 power crystals.
Explanation:-
Let the number of zombie soldiers raised by 10 dark power crystals be 'x'.
Zombie raised by 4 power crystals = 14
Since the number of zombie and power crystals are in direct proportion.
Therefore, we get
[tex]\frac{x}{10}=\frac{14}{4}[/tex]
Multiply 10 on both the sides, we get
[tex]\Rightarrow\ x=\frac{14}{4}\times10=35[/tex]
Liliana can raise 35 zombie soldiers with 10 power crystals.
Which is greater 320 fl oz of 18 pt
How many solutions can be found for the equation 5x + 3(x − 1) = 10x − 2x − 3?
how do you graph y=2sin(2x)
At a certain time of day the angle of elevation of the sun is 30 a tree has a shadow that is 25 feet long find the tree to the nearest foot
pete's dog weighed 30 pounds . then lost 16% of its weight , how much weight did the dog loose
Compare and contrast y=square root of x and f(x)=square root of x
Answer:
Step-by-step explanation:
Given are two functions
[tex]y=\sqrt{x} :\\f(x) =\sqrt{x}[/tex]
We have to compare and contrast these two functions.
On comparing we have both are the same.
FIrst one is written as y = form while second function is written as function of x
Sometimes we use y and sometimes we use f(x) in practice.
In both the cases, x is the independent variable and normally marked on x axis and y or f(x) the dependent variable marked on vertical y axis.
-4x-2y=-12 and 4x+8y=-24 using addition/eliminatin method
how would you graph y=| x-2|-4
when using fraction strips how do you know that two fractions are equivalent
Carlisle is testing different types of planting soil to determine which type is most effective in growing blueberry bushes. He purchases 2 different brands of planting soil from a local store. Carlisle applies Brand A to an area of the yard that receives full sunlight and Brand B to another area of the yard that is in partial shade. He waters both areas daily. At the end of the study, Carlisle concludes Brand A is more effective in growing blueberry bushes. Why is his conclusion not valid?