You deposit $300 each month into an account earning 4% interest compounded monthly. How much will you have in the account in 35 years and how much total interest will you earn?

Answers

Answer 1

Answer:

Step-by-step explanation:

FV = PMT [((1 + r)ⁿ - 1) / r]

PMT = $300

r = 0.04/12

n = 35(12) = 420

FV = $300 [((1 + (0.04/12))⁴²⁰ - 1) / (0.04/12)] = $274,119.28

I = $274,119.28 - 300(420) = $148,119.28


Related Questions

. Andrew's father is paying for a $40 meal. He has a 15%-off coupon for the meal. After the
discount, a 6% sales tax is applied. What does Andrew's father pay for the meal?

Answers

Answer:  36.04 dollars

=============================================================

Explanation:

He gets a 15% discount, so he pays the remaining 85%. The two percentages add to 100%.

85% in decimal form is 0.85

The 6% sales tax means we also have the multiplier 1.06 to indicate a 6% increase.

The two factors 0.85 and 1.06 multiply to 0.85*1.06 = 0.901

This tells us that Andrew's father pays 90.1% of the original bill

0.901*40 = 36.04 dollars

--------------

An alternative method:

15% of $40 = 0.15*40 = 6

Andrew's father saves $6

The bill of $40 drops to 40-6 = 34 dollars before tax.

6% of $34 = 0.06*34 = 2.04

The father pays $2.04 in tax to get a total bill of 34+2.04 = 36.04 dollars

3. What is the exact area of triangle ABC? Use special right triangles to help find the base of the triangle. Show your work.

Answers

The exact area of triangle ABC is 93.51 cm².

The given parameters;

Height of the triangle, h = 18 cm

The base of the triangle is calculated by using trigonometry ratio as follows;

[tex]tan (30) = \frac{b}{18} \\\\[/tex]

where;

b is the base of the triangle ABC

[tex]b = 18 \times tan(30)\\\\b = 10.39 \ cm[/tex]

The area of the triangle ABC  with the calculated base and given height is calculated as follows;

[tex]A = \frac{1}{2} \times base \times height\\\\A = \frac{1}{2} \times 10.39 \times 18\\\\A = 93.51 \ cm^2[/tex]

Thus, the exact area of triangle ABC is 93.51 cm².

Learn more about area of a triangle here: https://brainly.com/question/23945265

Ms. Usman buys about 14.4 gallons of gas every other week. How many gallons of ir gas does she buy in a year?​

Answers

Answer:

374.4 gallons

Step-by-step explanation:

there are 52 weeks in a year

every other week means once every two weeks

52 / 2 =26

14.4 gallons x 26 = 374.4 gallons

The price of gas on Wednesday was $2.03/gallon. On Friday, the price of gas was $2.26. What is the percent change in the price of gas?

Answers

Answer:

Percent change in the price of gas is [tex]9.85\%[/tex]

Step-by-step explanation:

Percentage change equals the change in value divided by the absolute value of the original value, multiplied by [tex]100[/tex] .

[tex]\text { Percentage Change }=\frac{\Delta V}{\left|V_{1}\right|} \times 100[/tex]

Here

[tex]\Delta V=2.26-2.03\\\\=0.23\$/gallon[/tex]

[tex]V_{1}=2.03\$/gallon[/tex]

The percent change in the price of gas

[tex]=\frac{0.23}{2.03} \times100\\\\=9.85\%[/tex]

Percent change in the price of gas is [tex]9.85\%[/tex]

TE Irene has a collection of 32 dolls that have either blue eyes or green eyes. She has 14 more green-eyed dolls than blue-eyed dolls. How many dolls of each type does Irene have? Let x represent the number of green-eyed dolls. Let y represent the number of blue-eyed dolls.​

Answers

The formula

x + y = 32

Find our X value

y + 14 = x

Sub for x

(y + 14) + y = 32

Remove Parathesis

y + 14 + y = 32

Add

2y + 14 = 32

Subtract

2y = 18

Divide

y = 9

Sub for y

x + 9 = 32

Subtract

x = 23

Double Check:

9 + 14 = 23

23 + 9 = 32

I hope this helps! :)

Please help!! I have less than an hour to turn this in!

Answers

Answer:

8 × 10¹

Step-by-step explanation:

don't panic. just breathe deeply and then think logically.

0.002 ... what is that ? 2 10ths ? 2 hundredths ? 2 thousandths ? 2 tenthousandths ?

the 3rd position after the decimal point is for 1/1000.

and that means 10^-3. in the same way as 1000 is 10³.

so, it is 2 × 10^-3.

the other rounded number is then 4 × 10⁴.

now, we are multiplying both numbers

2×10^-3 × 4×10⁴

what do we do ?

we combine the same types of factors, like the basic constants : 2×4 = 8

and 10^-3 × 10⁴.

what hairball when we multiply the same base number with exponents ? we add the exponents :

10^-3 × 10⁴ = 10¹ = 10

because -3 + 4 = 1

and so, the result is

8 × 10¹

$145.75 marked up by 33% (round to the nearest cent)

Answers

Answer:

  $189.48

Step-by-step explanation:

  $145.75 + 30% × 145.75 = $145.75×1.30 ≈ $189.48

Pencils are on sale for 25 for $1.25. Based on this rate, how much would one pencil cost?

Answers

Answer:

$0.05

Step-by-step explanation:

1.25/25=0.05

5. Linda earns $95 per day. If she works of a day, how much will she earn?

Answers

Answer:

95 Dollars

Step-by-step explanation:

95 dollars because she earns 95$ per day and it says "of a day" so it would have to be 95*1, and 95*1 is 95 and it asks how much she earns as in money so it is 95 dollars.

Help help help math math

Answers

Answer:

y=-1/2x-3

Step-by-step explanation:

Let's pick two points for slope.

[tex]\frac{-1+3}{-4-0}[/tex]

[tex]\frac{2}{-4}[/tex]

For the y-inctercept, the line intersect at the y-axis at (0,-3)

CHECK:

[tex]y=-\frac{1}{2} (-4)-3[/tex]

[tex]y=2-3[/tex]

[tex]y=-1[/tex]

[tex]\sqrt[3]{y} (7\sqrt[3]{8y^2}-\sqrt[3]{y^5} -4y\sqrt[3]{27y^2}[/tex] simplify

Answers

Answer:

[tex]\huge\boxed{-y^2+2y}[/tex]

Step-by-step explanation:

[tex]\sqrt[3]y\cdot\left(7\sqrt[3]{8y^2}-\sqrt[3]{y^5}-4y\sqrt[3]{27y^2}\right)\\\\=(\sqrt[3]y)(7\sqrt[3]{8y^2})-(\sqrt[3]y)(\sqrt[3]{y^5})-(\sqrt[3]y)(4y\sqrt[3]{27y^2})\\\\=7\sqrt[3]{(y)(8y^2)}}-\sqrt[3]{(y)(y^5)}-4y\sqrt[3]{(y)(27y^2)}\\\\=7\sqrt{8y^3}-\sqrt{y^6}-4\sqrt{27y^3}\\\\=7\sqrt[3]{2^3y^3}-\sqrt{y^{2\cdot3}}-4\sqrt{3^3y^3}\\\\=7\sqrt[3]{(2y)^3}-\sqrt{(y^2)^3}-4\sqrt{(3y)^3}\\\\=7\cdot2y-y^2-4\cdot3y\\\\=14y-y^2-12y\\\\=-y^2+2y[/tex]

Used:

[tex]a(a+b)=ab+ac\\\\\sqrt[3]{a\cdot b}=\sqrt[3]a\cdot\sqrt[3]b\\\\\sqrt[3]{a^3}=a\\\\(a^n)^m=a^{n\cdot m}[/tex]

Sean received both the 5th highest and the 5th lowest mark in the class. How many students are there in the class?

Answers

Answer:

There are 9 people in the class.

Step-by-step explanation:

Sean received the 5th highest grade in his class meaning that there are 4 people in front of him who got a higher grade. This also means that Sean has 4 people behind him who have lower grades. So,

4+4+1 (Sean himself) = 9 people

The number of students in the class is given by the sum of the frequency

of each score.

There are at least 9 students in the class.

Reasons:

When the class scores are arranged in increasing order, we have;

Sean's position = 5 th = The fifth lowest score

Therefore;

The number of scores lower than Sean's score = 4

When the scores are arranged in decreasing order, we have;

Sean's position = 5 th = Fifth highest score

Therefore;

The number of scores higher than Sean's score = 4

The total number of different scores in the class = 4 + 1 + 4 = 9

Given that two or more students can have the same score, the frequency

of each score, determines the number of students in the class, we have;

The number of students in the class, n ≥ 9

Learn more about data frequency here:

https://brainly.com/question/14298164

5. Marcus has a 28-ounce bottle of Gatorade. He
drinks 21 ounces. Enter the percentage of the
bottle Marcus has left.

Answers

Hi!

He has 25% of the bottle left.

Knowing he drank 21 oz. out of a 28 ox. bottle, he has 7 oz. left.

We want to know the answer to: 7 is what percent of 28?

To do this, we simply take 7 and divide it by 28. 7/28 is 1/4, which can be represented by 0.25

0.25 as a percent is 25%.

If f(x) =3x^3+10x^2-13x-20 and f(-4)=0, then find all of the zeros of f(x) algebraically

Answers

Answer:

If f(x) =3x^3+10x^2-13x-20 and f(-4)=0, then find all of the zeros of f(x) algebraically

Pleaseee HELPPPPPP HELPPPPP PLEASE

Answers

Answer:

14.6

Step-by-step explanation:

the given angle 6.2 is cleared to be wrong

so we will erase the point of decimal and times sin62 with hypotenous 16.5 that will give us 14.6 length unit as 2 triangles are symmetric as the line cut them to 2 equal triangles

Problem #15: A box contains 4 black balls, 7 red balls, and 3 green balls. Three balls are
drawn (without replacement). Find the probability that the balls drawn are red, green,
and black in that order.

Answers

The probability that the balls drawn are red, green, and black in that order will be 3/78.

What will the probability be?

Probability is the occurence of likely events. It is the area of mathematics that deals with numerical estimates of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1.

The box contains 4 black balls, 7 red balls, and 3 green balls. The total number will be:

= 4 + 7 + 3

= 14 balls.

The probability that the balls drawn are red, green, and black in that order will be:

= P(red) × P(green) × P(black)

= 7/14 × 3/13 × 4/12

= 1/2 × 3/13 × 1/3

= 3/78

The probability is 3/78.

Learn more about probability on:

brainly.com/question/24756209

#SPJ1

purchase good from naresh rs 9000 and isued a cheque of rs 4000 only as payment​

Answers

Answer:

that means you have a 5000 dollar debt

Hope This Helps!!!

What can you conclude about the domain and range of a relation if a verticals line at x=5 passes through 2 points? 1 point? No Points?

Answers

Answer:

i dont understand

Step-by-step explanation:

i took test

Choose yes or no to tell whether each expression is equivalent to -4/3p-2/5
A. -2/5-4/3p
B.2/5-4/3p
C.-2/5-4/3p
D.-4/3p+(-2/5)

Answers

The answer is b I think

A car traveled 133 miles in 4 3/4 hours. What was the cars average speed in miles per hour?

Answers

4 3/4 = 19/4

 

133/(19/4) = 133(4/19) = 1197/19 = 63 mph

Two side of a triangle have the following measures.

Answers

Answer:

add the two then subtract the two and put those answers in each box :)

Step-by-step explanation:

hope this helped! happy holidays!

Please please hurry!!!! Answer this question

Answers

we cant if we dont know the points

How many cubes with side lengths of 1/3 does it take to fill the prism

Answers

Step-by-step explanation:

along the side with 1 cm we can fit 3 cubes, as 3×1/3 = 1.

along the side with 2 2/3 cm we can fit 8 cubes :

2 2/3 = 6/3 + 2/3 = 8/3.

and 8/3 / 1/3 = 8/3 × 3/1 = 3×8 / 3×1 = 8

and the height is 2/3 cm, so we can put 2 layers of cubes on top of each other.

so, we have

3 × 8 × 2 = 48

48 cubes are needed to fill the prism.

If you spend 3/5 of your $40 gift card, how much money will be left on it?

Answers

Answer:

$16

Step-by-step explanation:

1-⅗=⅖

40×⅖=16

Here's the answer

4x+3y=7 what is the coefficients

Answers

co-efficient of x is 4co-efficient of y is 3constant term is -7

nasa pick po yong sagot

#CARRYONLEARNING

loveuall:)

Find the unit rate for each person's typing test in words per second 0.5 words/second is the unit rate for James. 3 words/second is the unit rate for Shanya words/second is the unit rate for Tristan, words/second is the unit rate for Ebony, So. is the fastest typist​

Answers

Unit rates is the rate of a quantity in comparison to 1 i.e. unit.

Based on the given parameters, Shanya is the fastest typist

From the question, the unit rates are given as:

James: 0.5 words per secondShanya = 3 words per seconds

The unit rates of Tristan and Ebony are not given.

So, we compare the rates of James and Shanya

3 words in a second is greater than 0.5 words in a second.

Hence, Shanya is the fastest typist

Read more about unit rates at:

https://brainly.com/question/11848573

Answer:

✔ 1.5

words/second is the unit rate for Tristan.

✔ 2

words/second is the unit rate for Ebony.

So,

✔ Shanya

is the fastest typist

thanks and 5 stars >:(

Please answer the question on the image.

Answers

Answer:

both isosceles???

Step-by-step explanation:

Answer:

They are similar.

Step-by-step explanation:

There might be other ways but

<X(Angle of x) is used for both triangle XAB and XYZ

And lines AB and YZ are parallel, From this we know that a line intersected by parallel lines it forms same angles for both parallel angles.

The similarity statement is: AAA Because angle(A=B , B=Z)

Match each shape with its area formula. ​

Answers

square: A=s^2

triangle: A=(1/2)bh

rectangle: A=lw

parallelogram: A=bh

Find the value of x in the figure.

Answers

It’s also 64 because the angles are congruent

x = 64

since , it is vertically opposite

!PLEASE ANSWER ASAP! THANK YOU!

if g(n) varies inversely with n and g(n) = 9 when n = 4 then find the value when g(n)=8.

round final answer to the tenths place. if answer is a whole number then put a zero in the tenths place before entering your answer.

Answers

Answer:

Step-by-step explanation:

I'm ASSUMING you want to find n where g(n) = 8

g(n) = a/n

g(4) = 9 = a/4

          a = 36

g(n) = 8 = 36/n

         n = 36/8 = 4.5

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