Rick invests $7,174 in an account that earns an annual interest rate of 3%. What will be the balance of the account in 18 years if the interest is compounded monthly?
A
$173,668.18

B
$7,572.00

C
$12,302.34

Answers

Answer 1

Answer:

A

Step-by-step explanation:

Answer 2

Based on the amount invested and the interest rate as well as period of compounding, the amount after 18 years will be C. $12,302.34.

As the amount is being compounded monthly, you need to convert the interest rate and the period of compounding to a monthly basis.

Interest rate = 3%/12 = 0.25%

Period = 18 x 12 months = 216 months

The amount after 18 years is:

= Amount x ( 1 + rate) ^ number of periods

= 7,174 x (1 + 0.25%) ²¹⁶

= $12,302.34

In conclusion, the amount will be $12,302.34 after 18 years.

Find out more at https://brainly.com/question/13963658.


Related Questions

John is performing an experiment in which a solution alternates between a clear color and a bluish-purple color at a regular time interval. He observes that the time interval between color changes is 30 seconds (s). Sally replicates the experiment with the same solution, but at a temperature that is 10 degrees Celsius (°C) higher. What is the most likely time interval between color changes at this higher temperature?

Answers

Answer:

15 seconds

Step-by-step explanation:

The given parameters for the experiment are;

The time it takes the solution to change from a clear color to a bluish-purple color at a given temperature = 30 seconds

The temperature at which Sally replicates the experiment with the same solution = 10°C higher than the temperature the experiment was carried out by John

Given that the process involves a change in color, which is a characteristic of a chemical reaction, and that the rate of a chemical reaction increases as the temperature of the reacting system is increased, we have time it takes for the solution to change color at a temperature increased by 10°C, will be a time lesser than 30 seconds

Answer:

B

Step-by-step explanation:

-1/2x = -4/5
Help please

Answers

Answer:

x = 8/5

Step-by-step explanation:

first multiply both side by -1, it makes both side positive

1x/2 = 4/5

now multiply both sides by 2 to get the x by itself

x = 8/5

if they want improper fraction x = 1[tex]\frac{3}{5}[/tex]

Answer:

x=-8/5

Step-by-step explanation:

What is the image point of (2,4)(2,4) after a translation left 4 units and down 1 unit?

Answers

Answer:

(-2; 3)

.............

Graph.
y= 53x–4

Apparently this is way to short and I have to put in 20 more characters to get a "great" answer *eye roll* sooooooooooo blah blah blah balh there more than 20

Answers

Answer:

sorry

Step-by-step explanation:

why the hell do our teachers do this to us ;(

what is the area of this composite figure

Answers


245 m So you divide the shape into section to make a rectangle and a triangle and find the area of a rectangle or square you multiply the length times height in this case is 18*10 and to find the area of a triangle you multiply its base times its height divided by two in which un this case would be (10*13)/2 and one you add both the equations together you get your area 180+65

2x + 3(1/5x+3/4) simplify expression

Answers

Answer: 13x/5 + 9/4

Step-by-step explanation:

4 multiple ( 2+3) square 2

Answers

Answer:

100

Step-by-step explanation:

4 x (2 + 3)[tex]^{2}[/tex]

  for this equation u have to use PEMDAS so u have to solve the parenthesis first which is 5 then exponets which is [tex]5^{2}[/tex] which is 25 and 24 x 4 gives you 100

hope this helps, if im wrong sorry

The answer is; 100
4*(5)^2
4*25
100

The length of a rectangle is 3 units more than the width. The area of the rectangle is 54 units. What is the width, in units, of the rectangle?
please hurry

Answers

Answer:

The width is 6 and the length is 9.

Step-by-step explanation:

Factors of 54: (1, 54), (2, 2), (3, 18), and (6, 9)

6 and 9 would work because 6+3=9

PLZ ANSWER BOTH QUESTION

Answers

Answer:

The value of 2 pennies and 3 dimes is 17¢. The value of p pennies and d dimes is (p×1)+(d×5)

Step-by-step explanation:

Use the formula (p×1)+(d×5).

Insert the number of pennies and dimes into the formula: (2×1)+(3×5).

Solve the equation: (2×1)+(3×5)

= 2+(3×5)

= 2+15

= 17

So, there are 17¢ in 2 pennies and 3 dimes.

The answer for question 2 is the formula written above.

1.f(x)=0,5x+3 represents a function, Evaluate the function if f(12), *
A. 9
B. 3.04
C. 18
D. 15.5

Answers

It’s 9. F(12)= 6 (0.5 x 12) + 3

True or False. a radius is a segment that connects any point on the circle to the center of that circle.

Answers

Answer:

True

Step-by-step explanation:

Answer:

true

Step-by-step explanation:

Think about it as a disk, if you were to draw a line starting at the edge of the disk and tried to draw it to the center of it you would be able to do it from any point along the outside of the circle.

Solve the inequality. T/4 > 7

Answers

Answer:

T>28

Step-by-step explanation:

Multiply 4 to both sides to get your variable alone.

What alternatives did the colonists already try in their appeal to Great Britain, according to the text? A They have attempted to reason with the British as equal citizens. B They have pledged eternal loyalty to the crown, in hopes of perhaps gaining British favor. C They have tried many things, including minor insurrections and conflicts. D They have tried many things, including petitions, argument, and pleas to parliament and to the crown

Answers

Answer:D. They have tried many things, including, petitions, argument, pleas to parliament and to the crown

Step-by-step explanation:

77÷ -11

20 points!!!!!

Answers

Answer:

7 time 11 is 77 so 77 divided by 11 is 7

Step-by-step explanation:

Answer:

It's -7

Step-by-step explanation:

John has a part-time job. He is payed £6.80 per hour. This week he worked for 9 and a half hours. Work out John's total pay for this week.

Answers

Answer:

£64.6

Step-by-step explanation:

Multiply £6.80 by 9

£61.2

Now divide £6.80 by 2

£3.4

Add £3.4 to £61.2

The answer is £64.6

(I think)

Hope this helps :)

Are the fractions equivalent?
63/72. 7/9

Answers

Answer: 9 goes into 63 7 times, but 9 does not go into

72 9 times, so the answer is no.

Step-by-step explanation:

a rectangle prism with a length of 5 inches, a width of 4 inches, and a height of 3 inches.

Answers

Answer:

▶◀

Step-by-step explanation:

n/a bc you didn't explain wut to do

1 point
Question: A school purchased a total of 112 student tickets and adult
tickets for a field trip to a play. The price of each student ticket was $3.50,
and the price for each adult ticket was $6.50. If the school spent a total of
$437, how many student tickets and adult tickets did the school purchase?
92 student tickets; 20 adult tickets
97 student tickets; 15 adult tickets
O
102 student tickets; 10 adult tickets
88 student tickets; 23 adult tickets

Answers

Answer:

the answer is 97 student tickets and 15 adult tickets

Step-by-step explanation:

A teacher gave a unit test to both of her statistics classes. The mean test grade for Class A was 77 points, with a standard deviation of 5 points, whereas the mean test grade for Class B was 80, with a standard deviation of 7 points. Kyle, in Class A, received an 82 on the test, and Caleb, in Class B, received an 87. Whose performance on the unit test was better relative to their class?

Answers

Answer:

i think they would be the same

Step-by-step explanation:

77+5=82 or 77-5=72

so he is within the range of 72-82

80+7=87 80-7=73

so he is also within the range of 73-87

Since both Kyle and Caleb scored 1 standard deviation above their respective class means, we can conclude that their performances were relatively equal.

What is standard deviation?

A standard deviation is a measure of how far apart the data is from the mean.

A low standard deviation indicates that data is clustered around the mean, whereas a high standard deviation indicates that data is more spread out.

To determine whose performance was better relative to their class, we need to calculate their z-scores, which tell us how many standard deviations a particular score is from the mean.

For Kyle in Class A:

z-score = (82 - 77) / 5 = 1

This means that Kyle's score is 1 standard deviation above the mean for his class.

For Caleb in Class B:

z-score = (87 - 80) / 7 = 1

This means that Caleb's score is also 1 standard deviation above the mean for his class.

Thus, we can conclude that Kyle and Caleb's performances were comparable because they both scored one standard deviation above their respective class means.

For more details regarding standard deviation, visit:

https://brainly.com/question/23907081

#SPJ3


unitary method examples.​

Answers

Answer:

For example, if a car runs 44 km on 2 litres of petrol then we can use the unitary method to find out the kilometres it will cover on 1 litre of petrol. In other words, the method by which we find out the value of one unit and further use it to find the value of multiple units is known as the unitary method.

Step-by-step explanation:

Hope this helps!

Is my math correct? It's about slop and proportions.

Answers

Answer:

yes! it's correct. Congrats :)

Step-by-step explanation:

Answer:

Your answer is correct.

Step-by-step explanation:

(−1,4);(3,0)

(x1,y1)=(−1,4)

(x2,y2)=(3,0)

m= y2−y1 /x2−x1  

0−4 /3−(−1 )

−4 /4 = −1

I’m super mad today :()

Answers

Answer:

why?

Step-by-step explanation:

That sucks I guess.

Helppp pleaseee:))))

Answers

1a

2f

3g

4d

5b

6e

7c

I hope this is the answer you were looking for.

f(x) = 3x + 10


f(11)

Answers

Step-by-step explanation:

send mia khalifa b¤obs pic pls

43

Step-by-step explanation:

f(x) = 3x + 10

f(11)

=3 (11) + 10

=33+10

=43


PLEASEE HELP.!! ILL GIVE BRAINLIEST.!! *EXTRA POINTS* DONT SKIP:((

Answers

Answer:

2/5 or .4

Step-by-step explanation:

basically look at the points where the line meets the graph. two points would be 0,20 and 50,40. then count the amount that it changes vertically and then horizontally. +20vertical +50 horizonal giving the slope 20/50. this can then be simplified to 2/5 or the equivalent number .4

Answer:

If I remember correctly, the slope would be 2/5.

Leslie is taking money out of her savings account to pay for violin lessons. After 3 lessons, her account was down to $155. After 7 lessons, she only had $95 left. How much does each lesson cost

Answers

Answer:

pog champ

Step-by-step explanation:

pog champ follow to.myinnit on twitch for a cookie

I’m not sure but I think $20

I did,,,

155 - 95 = 60

60/ 3 = 20

Because there were 3 lessons in between her 3rd and 7th lesson

Hope this helps! :)

simplify -50 1/2+(-12.3)

Answers

Answer:

-62.8

Step-by-step explanation:

-50 1/2 + (-12.3)

= -101 / 2 - 12.3

= -101  -  24.6

         2

= -125.6 / 2

= -62.8

Answer: you can use a website called math. way! Make sure its online like the website

Step-by-step explanation:

its a mathpage and it does algebra!

is this a function? x= y-7

Answers

Answer:

yup it passes the line test

Step-by-step explanation:

What is the name of each labeled part?
B
С
B
C
E
A
E
D

Answers

Answer:

I know that B is the nucleas but I don't know the rest sorry

Answer:

A: dendrite

B: cell body

C: axon terminal

D: axon

E: nucleus

Step-by-step explanation:

The width of a rectangle is 3/4 it’s length. The perimeter of the rectangle is 350 ft. What is the length, in feet of the rectangle

Answers

Answer:

20

Step-by-step explanation:

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