John deposits $25 at the end of each month in a savings account with 6.4% annual interest compounded monthly. What is his account balance at the end of 15 years? *

Answers

Answer 1

Answer:

$ 65.13

Step-by-step explanation:

John deposits $25 at the end of each month in a savings account with 6.4% annual interest compounded monthly. What is his account balance at the end of 15 years? *

The formula for compound interest =

A = P(1 + r/n)^nt

Where

P = Initial amount deposited = $25

r = Interest rate = 6.4% = 0.064

n = number of times interest is compound = monthly = 12 times

t = time in years = 15 years

A = $25 × (1 + 0.064/12)^12 × 15

A = $65.13

His account balance at the end of 15 years is $65.13


Related Questions

The number of hits on a website doubles every month. About 10,600 people visited the website during May. The expression 10,600 · 2t models the number of visitors after t months. Evaluate the expression for t = 0 and t = −2. Describe what each value of the expression represents in the situation.

A. 10,600; 2650; About 10,600 people visited the website in March. About 2,650 people visited the website in May.
B. 10,600; 2650; About 10,600 people visited the website in May. About 2,650 people visited the website in March.

Answers

Answer:

The correct option is;

B. 10,600; 2,650; About 10,600 people visited the website in May. About 2,650 people visited the website in March

Step-by-step explanation:

The given parameters are;

The number of people that visit the website every month = 2 × The number of people that visited the website the previous month

The number of people that visit the website during May ≈ 10,600

The number of visitors of the website are given by the expression 10,600 × [tex]2^t[/tex]

For t = 0, we have;

The number of visitors of the website = 10,600 × 2⁰ = 10,600

For t = -2, we have;

The number of visitors of the website = 10,600 × 2⁻² = 2,650

Therefore, the website had about 10,650 visitors in May and about 2,650 visitors in 2 months earlier in March.

Find the amount to be paid at the end of 6 months on rupee 1800 at 8% per annum compounded quarterly. Plz give me with all the steps and ill mark uh as brainliest

Answers

Answer:

The amount to be paid is rupee 1872.72

Step-by-step explanation:

Compound Interest

It occurs when interest in the next period is earned on the principal sum plus previously accumulated interest.

The formula is:

[tex]\displaystyle A=P\left(1+{\frac {r}{n}}\right)^{nt}}[/tex]

Where:

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

The initial amount is P=1800 at r=8% = 0.08 during t=6 months (t=0.5 years) compounded quarterly. There are 4 quarters in a year, thus n=4.

Calculating A:

[tex]\displaystyle A=1800\left(1+{\frac {0.08}{4}}\right)^{4*0.5}[/tex]

[tex]\displaystyle A=1800(1.02)^{2}[/tex]

A = 1872.72

The amount to be paid is rupee 1872.72

What is two hundred three and four hundred three thousandths in standard form?

Answers

Answer:

2.03403 * 10^2

Step-by-step explanation:

Here, we want to write the given number in standard form

Firstly, we need to write the number in the normal form;

Mathematically, that will be;

203.403

Now, to write in standard form, we move the zero to the back of the first non-zero digit which is 2

What we have in this case will be:

2.03403

How many times did we move the decimal point?

The decimal point was moved two times

So, what we have is that the number two will become a power of 10

So therefore, we have it that;

2.03403 * 10^2

Kindly note that if the movement was to the left, the power becomes a negative number on 10

can plz tell the to 35÷23

Answers

Answer: 1.5

Step-by-step explanation:

Answer:

1.52173913043

or 1.5%

Step-by-step explanation:

For the given piecewise function, evaluate for the specified value of x

Answers

Answer:

-1

Step-by-step explanation:

For piecewise functions, you should look at the range of values and see where the number you are looking for falls. In this case, -1 is included in the domain of the middle equation, so you will be using f(x) = x

Then, all you have to do is plug in -1 for x, so f(-1) = -1

During a storm, there was 9/2 inches of rain in 1/3 of an hour at this rate how much rainfall will there be
in one hour?

Answers

Answer:

27/5

Step-by-step explanation:

plz tell me if i wroung

A college student recorded his progress for a reading
assignment at the end of each day for 7 days. The
graph shows the linear relationship between the
number of pages remaining and x, the number of days
the student spent reading. Which of these describes the domain of the function for this situation

Answers

Answer:I think it’s C

Step-by-step explanation:

The best describes the domain of the function is All the whole numbers greater than or equal to 0 and less than or equal to 7

What is data?

A collection of facts, such as numbers, words, measurements, observations.

Discrete data is counted and can only take certain values - like whole numbers

e.g. the number of cars passing by a school.

Shoe size is an example of discrete data as size 6 and 7

have a meaning however size 6.2 does not.

Given:

A college student recorded his progress for a reading assignment at the end of each day for 7 days.

As, from the graph

domain = { x| 0, 1, 2, 3, 4, 5, 6, 7}

Them we can say that the domain is all the whole numbers greater than or equal to 0 and less than or equal to 7

Learn more about data here:

https://brainly.com/question/10980404

#SPJ2

-8.11 ____ -8 8/100
is -8.11 greater or less then -8 8/100

Answers

-8.11 is less than -8 because -8 is closer to being a positive than -8.11

Answer:

lesser than

Step-by-step explanation:

-8 8/100 in decimal is -8.08

lets use the number line sytem

... -8.3, -8.2, -8.1, -8.0, -7.9 ... forward to 0

So -8.11 is lesser than -8.08

How many times is (x-1) a factor of g(x)= x^4-6x^2+8x-3

Answers

2&.8. I think she’s 729zhswx

I will mark brainliest for the best and first answer .......:​

Answers

Answer:

its the first one

Step-by-step explanation:

State the value of the underlined digit7455248–Give the value in figures.​

Answers

Step-by-step explanation:

74 lakh 55 thousand 2 hundred 48

. The volume of a cube is 1728 . Find its edge and total surface area

Answers

Answer:

Edge = 12

Total Surface Area = 72

Step-by-step explanation:

Volume of the cube = 1728

Length of the edge = [tex] \sqrt[3]{1728} = 12[/tex]

We know that

TSA (Total Surface Area) = [tex]6 {a}^{2} [/tex]

where a = length of edge of cube

So,

TSA of cube = [tex]6 \times 12 = 72[/tex]

What is the perimeter of a rectangle?

Answers

Answer:

Step-by-step explanation:

length = l  ;width = w

Perimeter of rectangle = sum of all sides

                                      =  l + w + l +w

                                      = 2l + 2w

                                       = 2*(l +w )

christina and her 2 friends spent $25.02 at there favorite restaraunt . if they split the cost equally how much will they each pay

Answers

Answer:

$8.34

Step-by-step explanation:

Simply divide $25.02 by three, since three people are splitting the cost.

This is under the Category Exponent Rules (Variable and Coefficients)

Help Simplify (−10x^2)(-2x^4)

Answers

Answer:

20x^6

Step-by-step explanation:

multiply bases and add exponents

Let c = 20. Evaluate the expression.

2c + 6

Answers

Answer:

46

Step-by-step explanation:

Since we know the value of the variable c, we can substitute 20 for c

2c + 6

2(20) + 6

40 + 6

46

What is the relationship between 55/44

Answers

Answer:

11 because 55 devided by 11 is makes 5 and 44 decided by 11 is 4

This table shows a proportional relationship between the number of cups of bananas and apples used for a smoothie.
Cups of
Bananas
Cups of Apples
1
6
2
12
4
24
Enter the number of cups of bananas used for 1 cup of apples.
cups

Answers

Answer:

For every 1 cup of banana you have to add 6 cups of apples. So it means there's six times as much apples as there is bananas. If there's 3 cups of apples, which is half of 6, it means the banana would now also have to be halved from 1 to half a cup.

Whatever you do to the bananas or the apples, you have to maintain the same ratio. Which is that apples is 6 times as much as bananas.

So 1 cup of apple would need to be divided by 6, to get banana. That would be approximately 1÷6= 0.167 cups

Which equation describes the line shown in the graph?

Answers

Answer:

B. y=-1/5x+3/2

Step-by-step explanation:

This map shows where Todd and his friends live.

Todd found the shortest distance to each friend's house traveling only on the gridlines.

Which two friends live the same distance from Todd?

A. Marcus and Tara
B. Lisa and Marcus
C. Same and Tara
D. Sam and lisa

Answers

The two friends who live the same distance from Todd is D Sam and lisa hope this helps

I neeedddd helpppppppp

Answers

The answer is B, good luck

Use the distributive property to rewrite 3(-2x+4)

Answers

[tex]\huge\boxed{\sf{Hello\:there!}}[/tex]

To simplify this expression, we have to use the Distributive Property.

It states that

a(b+c)=ab+ac

Let's use it:

3(-2x+4)

-6x+12

That's my answer.

[tex]\huge\boxed{\boxed{Hope\:it\:helps\:you!}}}[/tex]

[tex]\huge\bold{\underline{\underline{\underline{Good\:luck!}}}}[/tex]

[tex]\huge\mathfrak{LoveLastsAllEternity}[/tex]

Find the measure of each angle indicated

Answers

86 trust meee2929osxds

Are you in the mood to save a life? if your answer is yes you are in the right place.
PLSSSSSSSSSSSSSSSSSSSSSSSS HELPPPP
Could a design be both translational and glide reflectional symmetry? Explain why or why not.

thank you

Answers

Answer:

Translational symmetry is common in many of the patterns we see. It technically only exists in infinite patterns, but we can apply the concept to finite patterns with a bit of imagination. It occurs when a piece of a pattern has been moved a specific distance and direction so that it fits perfectly onto itself.

Step-by-step explanation:

Therefor no, Bcuz It only exists in infinite patterns.

i need help with this ?

Answers

Answer:

Range: [-5, 0]

General Formulas and Concepts:

Algebra I

Range is the set of y-values that are outputted by function f(x)

Step-by-step explanation:

According to the graph, the line's y-values span from -5 to 0. Since both are closed dot, they are inclusive in the range:

[-5, 0] or -5 ≤ y ≤ 0

Solve for x+1/x. 3x+2/x-4=2(x+9)-(7-1/x)

Answers

Answer:

x + [tex]\frac{1}{x}[/tex]  = 15

Step-by-step explanation:

Given

3x + [tex]\frac{2}{x}[/tex] - 4 = 2(x + 9) - (7 - [tex]\frac{1}{x}[/tex] ) ← distribute and simplify right side

3x + [tex]\frac{2}{x}[/tex] - 4 = 2x + 18 - 7 + [tex]\frac{1}{x}[/tex]

3x + [tex]\frac{2}{x}[/tex] - 4 = 2x + 11 + [tex]\frac{1}{x}[/tex] ( subtract 2x from both sides )

x + [tex]\frac{2}{x}[/tex] - 4 = 11 + [tex]\frac{1}{x}[/tex] ( subtract [tex]\frac{1}{x}[/tex] from both sides )

x + [tex]\frac{1}{x}[/tex] - 4 = 11 ( add 4 to both sides )

x + [tex]\frac{1}{x}[/tex] = 15

McKenzie makes and sells quilts at an art fair. The materials for each quilt cos t$30.50. She sells the quilts for $80. If "n" represents the number of quilts she sells, which expression could be used to represent her total profits?

Answers

Answer:

Total profits = 49.50n

Step-by-step explanation:

Cost of each quilt = $30.50

Selling price of each quilt = $80

Profits = selling price - cost price

= $80 - $30.50

= $49.50

Profits = $49.50

If n = number of quilts she sells

which expression could be used to represent her total profits?

Total profits = profits of each quilt × number of quilt sold

= $49.50 × n

= 49.50n

Total profits = 49.50n

pls help. Green Rocket starts the flight from point (4,0). The flight
path reaches a maximum height of 28 and lands at point (38,
0).

Answers

Answer:

?

Step-by-step explanation:

please help me please please please

Answers

U have like 6 apples every one hour

Answer:

the answer is 30

Step-by-step explanation:

1/2 x 60= 60/2

1 x 60/2 = 60/2

60/2  = 30

~plz mark brainliest if correct :-)~

Theo buys a slice of pizza and a bottle of water for $3. Ralph buys 3 slices of pizza and 2 bottles of water for $8. How much does a slice of pizza and a bottle of water cost

Answers

Answer:

2$ per slice of pizza

1$ per bottle of water

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