You are given $100 for your birthday. You put the $100 in a savings account that pays an interest rate of 2.4% compounded monthly. If you leave your money for a year, how much will you have?

Answers

Answer 1
Each month the new total you be
initial amount * 1.024

Repeating the process for a year (=12 months) you get
initial amount * 1.024^12

Being initial amount = $100

100*1.024^12 = $132.92

After 1 year you will have $132.92
Answer 2

After one year, by depositing $100 in a savings account with a 2.4% interest rate compounded monthly, you will have $102.43.

You are given $100 for your birthday and decide to put it in a savings account that offers a 2.4% interest rate, compounded monthly. To calculate how much money you will have after one year, we'll use the formula for compound interest, which is [tex]A = P(1 + r/n)^{(nt)[/tex], where:

P is the principal amount ($100).r is the annual interest rate (0.024).n is the number of times the interest is compounded per year (12).t is the time the money is invested for in years (1).

Plugging these values into the formula, we get:

[tex]A = 100(1 + 0.024/12)^{(12*1)A = 100(1 + 0.002)^{12A = 100(1.002)^{12A = 100(1.0243)A = $102.43[/tex]

Therefore, after one year, you will have $102.43 in your savings account.


Related Questions

Using the digits 2,3,5,6,8 find the smallest possible product?

Answers

the product is always the same:

1440

The smallest possible product using the digits 2, 3, 5, 6, 8 is 1440.

To do this, we’ll arrange the digits in ascending order:

2 < 3 < 5 < 6 < 8

Hence, the smallest number formed using these digits is 23568.

Now let’s calculate the product:

2*3*5*6*8 = 1440

So, the product is always the same: 1440.

Whether you arrange the digits in ascending or descending order, the product remains unchanged because multiplication is commutative (i.e., the order of multiplication doesn’t matter)

my tens digit is double my ones digit. I am less than 70 and greater than 60.

Answers

63 is your answer

Check:

Multiply: 3 x 2 = 6

Check that it is greater than 60, less than 70: 60 < 63 < 70

~Rise Above the Ordinary

The 10 students who completed a special flying course are waiting to see if they will be awarded the one Distinction or the one Merit award for their efforts.
aIn how many ways can the two awards be given if:

1. if the same student can receive both awards?
2.if the same student cannot receive both awards?

Answers

Answer: 1)100ways and 2)90ways


Step-by-step explanation:

Given :-The 10 students who completed a special flying course are waiting to see if they will be awarded the one Distinction or the one Merit award for their efforts.

Ways can the two awards be given if the same student can receive both awards (i.e repetition is allowed)

=10×10=100ways

Ways can the two awards be given if the same student cannot receive both awards(i.e. repetition is not allowed)

=10×9=90ways

Final answer:

The number of ways two awards can be given out to 10 students is 100 when the same student can win both awards, and 90 when different students must win each award.

Explanation:

The student's question deals with the number of ways two awards can be given out to a group of 10 students under two different scenarios: one where the same student can receive both awards, and the other where the same student cannot receive both awards. This is a problem of permutations and combinations, a fundamental concept in probability and statistics.

Scenario 1: Same Student Can Receive Both Awards

In the first scenario, the same student can receive both the Distinction and the Merit award. Since there are 10 students and each student can potentially receive each of the two awards, we have 10 choices for the Distinction award and 10 choices for the Merit award. The total number of ways the two awards can be given out is simply the product of these two numbers:

10 (for Distinction) × 10 (for Merit) = 100 ways

Scenario 2: Different Students Receive Awards

In the second scenario, the same student cannot receive both awards. This means that once a student has been given one award, they cannot receive the other one. For the Distinction award, there are still 10 possible students. However, for the Merit award, there are only 9 remaining choices since the Distinction awardee cannot be considered:

10 (for Distinction) × 9 (for Merit) = 90 ways

scenario for 300=60t

Answers

Do you need to find what t is? If so, do 300 divided by 60 to get the t isolated. which is, 5.

you can check by doing 60*5 which is 300
t=5. 60 × 5 = 300. 300 ÷ 60 = 5. 300 ÷ 5 = 60

Mario's Fine Dining charges $60.22 for its prix fixe meal plus $37.69 for every drink, d, you purchase. The equation that models the total cost (T) isT(d)=37.69d+60.22. Which value in the equation represents the rate of change?

Answers

Answer:

The value of rate of change in the equation [tex]T(d)=37.69d+60.22[/tex] is 37.69.

Step-by-step explanation:

Given the equation that models the total cost(T) is:

[tex]T(d)=37.69d+60.22[/tex]  where d is the drink you purchase.

To determine the rate of change:

1. An equation must be into the Slope-intercept form (y=mx+b).

2. m is the slope (rate of change) of the linear function.

3. b is the y-intercept of the linear function (y- intercept is where the line crosses the y-axis).

Since, the given equation is in the linear form i.e, [tex]T(d)=37.69d+60.22[/tex]

The rate of change(m) of the given equation is, 37.69.







there is an increase in the money supply that causes money to lose its purchasing power and prices to rise, what is this called?

A. Stagnation.
B. Inflation.
C. Deflation.
D. Conflation.

Answers

Answer:

open

Step-by-step explanation:

Inflation is the term used when an increase in the money supply reduces the purchasing power of money and causes prices to rise.

Can you help me? Please show how you work it out

Answers

Swimmers: 50 children ÷ 12 = 4.2  (you can't have a decimal so you must round up)

5 adults are need.

Dancers: 32 children ÷ 15 = 2.1  (you can't have a decimal so you must round up)

3 adults are need.

Minimum number of adults needed is: 5 for swimmers + 3 for dancers = 8 adults

Which decimal is equivalent to 1 80/333

Answers

1 80/333 is about 1.24
the full decimal is 1.24024024... etc

Answer: Our required decimal expansion would be[tex]1.\bar{240}[/tex]

Step-by-step explanation:

Since we have given that

[tex]1\dfrac{80}{333}[/tex]

We need to write in decimal form:

First we change the mixed fraction into improper fraction:

[tex]\dfrac{333\times 1+80}{333}=\dfrac{413}{333}\\\\=1.240240...............\\\\=1.\bar{240}[/tex]

Hence, our required decimal expansion would be[tex]1.\bar{240}[/tex]

Solve the inequality for x. Show each step of the solution.
12x>9(2x-3)-15

Answers

[tex]12x > 9(2x-3)-15\qquad|\text{use distributive property}\\\\12x > (9)(2x)+(9)(-3)-15\\\\12x > 18x-27-15\\\\12x > 18x-42\qquad|\text{subtract 18x from both sides}\\\\-6x > -42\qquad|\text{change the signs}\\\\6x < 42\qquad|\text{divide both sides by 6}\\\\x < 7[/tex]

Answer:

The answer is x<7

Step-by-step explanation: Factor[12 x > -15 + 9 (-3 + 2 x)]. 12 x > 6 (-7 + 3 x). Then, you get 7 is greater than x. Hope this helps!

Find two consecutive integers whose sum is 75

Answers

x + (x + 1) = 75

2x + 1 = 75

2x = 74

x = 37


75 - 37 = 38

You can check by substituting the product for the value of x.

37 + 37 + 1 = 75


The two consecutive integers whose sum is 75 are; 37 and 38.

If two consecutive integers sum up to become 75.

We can represent the first number as = x and

the second number as = (x + 1).

The sum of both of the numbers = 75.

therefore, x + (x + 1) = 75.

2x + 1 = 75

2x + 1 = 752x = 75 - 1

2x + 1 = 752x = 75 - 12x = 74

Dividing both sides of the equation by 2; we have;

x = 37

x + 1 = 38.

Ultimately, the two consecutive integers are; 37 and 38.

Read more:

https://brainly.com/question/18370359

A group of 2 adults and 4 children spent $38 on tickets to a museum. A group of 3 adults and 3 children spent $40.50 on tickets to the museum. Based on this information, how much is an adult ticket, and how much is a child ticket?


2a + 4c = 38.00

3a + 3c = 40.50

What values of a and c represent the solution to the system?

a = c =

Answers

the answer is :38 -16 = 22
[tex]22 \div 4 = 5.5[/tex]
[tex]40.50 - 24 = 16.50[/tex]
[tex]16.50 \div 3 = 5.50[/tex]
adults $8 childrens 5.5

Answer:

Adult ticket = $8

Child ticket = $5.5

a = 8 and c = 5.5

Step-by-step explanation:

2a + 4c = 38

3a + 3c = 40.5

To solve for the value of a and c in these equations. We solve the simulatenous equation by substitution method.

2a + 4c = 38 ..........eqn1

3a + 3c = 40.5 ............eqn2

Step 1, Find the value of a in eqn1

2a + 4c = 38

2a = 38 - 4c

a = (38-4c)/2

a = 19 - 2c

Step 2, subtitle the value of a in eqn2 to get the value of c.

3a + 3c = 40.5

3(19-2c) + 3c = 40.5

57 - 6c +3c = 40.5

57-40.5 = 6c -3c

16.5 = 3c

c = 16.5/3

c = 5.5

Step 3, subtitle the value of c in eqn1 to get the value of a.

2a + 4c = 38

2a + 4(5.5) = 38

2a + 22 = 38

2a = 38-22

2a = 16

a = 16/2

a = 8

Therefore:

Adult ticket = $8

Child ticket = $5.5

a = 8 and c = 5.5

find the sun of 5 ,-7 A.-2 B 12 c-35 D 2

Answers

Answer:


Step-by-step explanation:

Solution in given attachment.

How many 5/16 foot pieces of wood can you cut from a board that is 1 9/16 feet long ? Please explain

Answers

Add 16 to 1 9/16 that will then be 25/16 then you divide 5 from 25 that equals 5 so that is your answer

Jose bought a sofa on sale for $527. The price was 38% less than the original price. What was the original price

Answers

the original price of the sofa was 727.26

Original price is 850$

If the earth rotates 15° each hour how long does it take to rotate 1°? Show your work

Answers

It will take 4 minutes to rotate 1º because 15 divided by 15 is one (to get 1º) and 60 (1 hour) divided by 15 is 4.

There are 7 school buses taking students on a field trip. There are 37 students on each bus. How many students are going on the field trip? Please show work and it’s not 249

Answers

There are 259 kids on all 7 buses.

259 just take 7 and multiply it by 37

Which of the following choices are equivalent to the expression below? X^4/7

Answers

Answer:

the answer is a c and d

Step-by-step explanation:

Explain how to find the greatest common factor of three numbers.

Answers

You find the highest number that can divide into all of them without leaving any with a remainder.

Hope this helps.


u have to multiply the three numbers till u get the GCF

correct me if im wrong

have a blessed day!

Mia 77 pieces of gum playing hoops at her school's game night. later she gave three to each of her friends. she only has five remaining. how many friends does she have?

Answers

77 - 3x = 5

subtract 77 from both sides : -3x = -72

divide by -3 on both sides to get x by itself : x = 24

The answer is that Mia has 24 friends (x = 24)

Mia has 24 friends. the answer is 24

what is the factorization of the trinomial below? x^3-2x^2-35x

A) x(x-7)(x-5)
B) (x-7)(x+5)
C) x(x-7)(x+5)
D) (x^2-7)(x+5)

Answers

The answer is

First take an X out of all the terms
X(x^2-2x-35)
X(x-7)(x+5).

The answer is C

Jerry walked a dog from 6:40 am to 7:30 pm one day. If he was paid at the rate of 6$ per hour, how much did he earn that day?

Answers

Answer:

$5

Explanation:

Since Jerry walked the dog from 6:40am to 7:30am, the total minutes that he walked the dog was 50 minutes. Also a note, an hour is 60 minutes.


Since he is paid at a rate of $6 per 60 minutes, we can make a proportion.

   660=x50


From here, you have to solve for x. So cross multiply, and then simplify.

   60x=50⋅6

   60x60=50⋅6/60

   60x60=50⋅6/60

   x=5⋅6/6

   x=5

So the answer is $5.

Jerry earned about $76.98 for the day.

Jerry walked a dog from 6:40 am to 7:30 pm. To calculate how much he earned, we need to determine the total number of hours he worked.

First, we convert the end time into military time, which is 19:30.

Subtract the start time, 6:40, from the end time, 19:30.

Calculation:

From 6:40 am to 6:40 pm is 12 hours.From 6:40 pm to 7:30 pm is an additional 50 minutes, which is  [tex]\frac{50}{60}[/tex] hours or approximately 0.83 hours.Total hours worked: 12 + 0.83 = 12.83 hours.

Now, we use the rate of $6 per hour to calculate his earnings:

Earnings = Total hours * Rate per hour

Earnings = 12.83 hours * $6/hour = $76.98

Since Jerry worked a fraction of an hour, we included the approximate earnings up to two decimal places.

So, Jerry earned about $76.98 for the day.

round to the place value of the underlined digit 12,387 and 2 is underlined

Answers

To round 12,387 with the thousands place underlined, we look at the digit to the right (3) and, since it is less than 5, we round down by keeping the 2 unchanged and turning all the digits to its right to zeros, which gives us 12,000.

Since the next digit (3) is less than 5, we do not increase the value of the underlined digit. Thus, we keep the 2 as it is and change all the digits to the right of it to zeros, resulting in the rounded number 12,000.

This concept is similar to the general principle applied when rounding numbers, which involves looking at the digit immediately to the right of the target place value. If it's 5 or greater, we round up. Otherwise, we round down. Examples of rounding numbers in different situations include:

Significant figures: Rounding an answer like 2,085.5688 to five significant figures would result in 2,085.6 because the first digit to be dropped is greater than 5.

Limiting the final answer to a certain place value: When adding 6527.23 and 2, the answer must be reported as 6528 because the digit 2 has no decimal places that would be significant, so we can only report to the ones place.

When working with calculations such as 119.902, if we need to limit our answer to tenths based on significant figures, we round down to 119.9.

6(30 – 3) = plz help me

Answers

just think of it like this  6 x (30 - 3) so then it turns into 6 x 27 which is 162 :) I hope this helped :))

You always are gonna do what’s in parentheses first so, 30-3= 27 then 6 times 27 is 162 the answer is 162

It takes us of ribbon to make a hair bow. How much ribbon is needed to make 9 bows?

Answers

Final answer:

The length of ribbon needed to make 9 bows is 9 times the amount of ribbon needed for one bow, expressed mathematically as 9*x given 'x' is the length of ribbon for one bow.

Explanation:

Based on your query, there appears to be a detail missing, which is the length of the ribbon needed to make one bow. Suppose we denote that length as 'x' units. To find the total length necessary for making 9 bows, we would simply multiply that length by 9. In mathematical terms, this would be expressed as 9*x. So if it takes x units of ribbon to make one bow, it will take 9*x units of ribbon to make 9 bows.

Learn more about Math Multiplication:

http://brainly.com/question/11319098

#SPJ2

Final answer:

Due to a typo, the exact length of ribbon per bow is unspecified. Assuming a length of [tex]\( x \)[/tex] per bow, for 9 bows the total needed would be [tex]\( 9x \)[/tex] This is akin to scaling up costs for making multiple items, similar to the production cost examples provided.

Explanation:

It seems there is a typo in the initial fraction of ribbon used per bow, as it is not provided in the question. Assuming the fraction provided is the one we would work with, let's say it takes [tex]\( x \)[/tex] of a ribbon to make one hair bow. To find out how much ribbon is needed to make 9 bows, we multiply [tex]\( x \)[/tex] by 9. Therefore, the total amount of ribbon required for 9 bows would be [tex]\( 9x \)[/tex].

Going by the example information given, if we compare it with the cost of manufacturing goods, we can draw on the parallel of calculating the cost to produce multiple items. For example, if pants finishing costs 49 cents for 7 pairs, and we want to calculate for 9 pairs, we would set up a proportion or use unit rate to find the answer. Though this example doesn't directly relate to the ribbon question, it illustrates the process of scaling up a unit quantity to a larger quantity, which is a common mathematical operation in both scenarios.

Did I get this right ???will mark brainliest and is worth 17 points

Answers

Answer:

it is right


Step-by-step explanation:


Yes, you are correct.  A negative number times a positive is a pos, and 4 times 12 is 48. Neg times a neg is a pos, and 48 times 3 is 144.

what is -9/8 as a mixed number

Answers

-1 1/8 because -9/8 is equal to [tex]-\frac{9}{8}[/tex] so just make it a improper fraction, pretend the negative is not there then add the negative at the end

-hope this helps :D

700 meters or 4 kilometers which is furthest?

Answers

4 kilometers is the furthest

which compound inequality is equivalent to ax-b c

Answers

i think the answer is ax -b < - c

if u 5 then take away 2 =

Answers

Um, I'm not directly sure what you mean but if its 5-2 then it makes 3.

I don't get this question. But, if its 5 - 2 it is 3.

Hope this helps! :)

round 7.854 to the place named?

Answers

This is placed at the thousandth place

(i think that is what you wanted me to answer..?)

hope that helps :)

7.854 rounded to the nearest thousandths is 7.85. 7.854 rounded to the nearest tenth is 7.9
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