A thousand dollars is left in a credit union drawing 7% compounded monthly.
What is the balance at the end of 10 years?




Please show the work to answer compound interest work

Answers

Answer 1

Answer: $2009.66

Step-by-step explanation:

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

Answer 2

The balance at the end of 10 years in account after the credit union drawing 7% compounded monthly is $2009.66

What is compound interest?

Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.

The formula for the final amount with the compound interest formula can be given as,

[tex]A=P\times\left(1+\dfrac{r}{n\times100}\right)^{nt}\\[/tex]

Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate r of in the time period of t.

A thousand dollars is left in a credit union drawing 7% compounded monthly. The balance at the end of 10 years has to be find out.

Here the data given are,

Principal amount $1000.The rate of interest is 7%.Time period is 10 years.The number of month in a year is 12.

Put these values in the above formula as,

[tex]A=1000\times\left(1+\dfrac{7}{12\times100}\right)^{12\times10}\\A=2009.66[/tex]

Thus, the balance at the end of 10 years in account after the credit union drawing 7% compounded monthly is $2009.66

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Related Questions

What is the solution to the equation? 5=2/5a

Answers

a = 12.5

2/5 = 0.4
5/0.4 = a

find the minimum maximum and domain and range of the functions
h(x) = -x² + 4x - 2​

Answers

Domain (-infinity,infinity)

Min(?

max(2,2)

A rectangular room is 2 times as long as it is wide, and its perimeter is 36 meters. Find the width of the room.

Answers

36x2=72 which is the width so 72x2=144 so I’m pretty sure the length is 144

The width of the room is equal to 6 m

What is the area of the rectangle?

The formula for area is equal to the product of the length and breadth of the rectangle. Whereas when we speak about the perimeter of a rectangle, it is equal to the sum of all its four sides.

Given here: Perimeter=36 m

Let the length of the room be 2x and width of the room be x

Then we have (2x+x)=36

                             x=12

Thus length =12m & width=6 m

Hence, the width of the room is equal to 6 m

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Jane works 3 times as fast as Eleanor. If they work together they can do a job in 21 minutes. How long does it take Eleanor to do the job by herself?

Answers

Answer:

1 hour and 24 min

Step-by-step explanation:

Jane does 3/4 job done in 21 min

Eleanor does 1/4 job done in 21 min

21*4=84

60+24

1 hour and 24 min

The work rate when they work together is much higher than when Eleanor

does the job herself.

It will take 84 minutes

Reasons:

Jane's work rate = 3 × Eleanor's work rate

The time it takes both Jane and Eleanor to do a job = 21 minutes

Required:

The time it would take Eleanor to do the job herself.

Solution:

Let x represent the portion of the job performed by Eleanor in the 21

minutes, we have;

The portion performed by Jane = 3 × x

Therefore;

The job done when they work together for 21 minutes = x + 3·x = 4·x

The time it takes Eleanor to do the job portion, x = 21 minutes

Therefore;

The time it will take Eleanor to do a job of 4·x = 4 × 21 minutes = 84 minutes

The time it would take Eleanor to do the job herself = 84 minutes

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what point is located on the graph of any proportional relationship​

Answers

Answer:

At the end

Step-by-step explanation:

what is the value of x if abc is equilateral

Answers

Answer:

d

Step-by-step explanation:

Since the triangle is equilateral then the 3 sides are congruent.

Equate any pair of sides and solve for x

AC = BC , that is

10x - 5 = 6x + 3 ( subtract 6x from both sides )

4x - 5 = 3 ( add 5 to both sides )

4x = 8 ( divide both sides by 4 )

x = 2 → d

A correct option is an option (d).

The given sides are,

AB=7.5x

AC=10x-5

BC=6x+3

As we know in an equilateral triangle all sides are equal then,

AB=AC=BC

[tex]AB=AC\\7.5x=10x-5\\-10x+7.5x=-5\\-2.5x=-5\\x=\frac{5}{2.5} \\x=2[/tex]

So, the correct option is an option (d).

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x2+3x-4=0. Find a=, b=, and c=. thank you:)​

Answers

Answer:

a=1 b=3 c=-4

Step-by-step explanation:

using almighty formular

a=1 b=3 c= - 4

What function is graphed below? y = - 1 y = 3 x y = x - 3 y = x + 3

Answers

Answer:

im confuised which one is a?

Step-by-step explanation:

Answer: y = x/3 -1

Step-by-step explanation: I also had this question so I know what graph you're talking about, but next time put a graph.

Which pair of numbers is relatively prime?

Answers

Answer:

relatively prime. Two integers are relatively prime (or coprime) if there is no integer greater than one that divides them both (that is, their greatest common divisor is one). For example, 12 and 13 are relatively prime, but 12 and 14 are not.

Step-by-step explanation:

Answer:

Two integers

Step-by-step explanation:

Two integers are relatively prime.

Evaluate this expression.
3^-2 ANSWER ASAP PLEASE

Answers

Answer:

0.11111111111

Step-by-step explanation:

Answer:

1/9 or 0.1 repeating

Step-by-step explanation:

Start by doing the inverse of the square root of 2 (that is the negative sign)

The inverse of 3^-2 is 1/3^2

Therefore, your answer is 1/9.

Hope this helps!

pls help help me need help!! thank you!!

Answers

Answer: 55 feet of rope

Step-by-step explanation:

The absolute value of -30 is the distance 30 is away from 0, so |-30| = 30. And |25| = 25.

|-30| + |25| = 30 + 25 = 55

Find the volume of this problem

Answers

Answer:

Step-by-step explanation:

diameter = 6 in

r = 6/2 = 3 in

h = 11 in

Volume of cylinder = πr²h

                                = 3.14*3*3*11

                                = 310.86 in³

(: Please answer both questions :)
First person gets 50 points!

Answers

Answer:

1. 1350

2.2700

Step-by-step explanation:

In the diagram below BD is parallel to AE, BE bisects angle ABD, angle E is 37 degrees, angle BFE = 117, what is angle C

Answers

Angle C is 26 degrees

I will give the brainiest answer

Answers

Answer:

D

Step-by-step explanation:

This net when folded, will become a triangular prism, which is only represented by option D.

A certain pizza box holds a 14-inch diameter pizza. If the box is 2 inches high; what is its surface area?
2 in.
14 in.
2 in.
2 in.
14 in.
14 in.
528 in 2
504 in 2
196 in 2
392 in 2

Answers

Answer:

528 in²

Step-by-step explanation:

Look at the attached image to help layout all of the dimensions of the pizza box!

Let me know if you have any other questions and please rate my response and consider marking brainliest!!

f(x) = -4x2 + 12x – 9
What is the value of the discriminant of f?
How many x-intercepts does the graph of f have?

Answers

Answer:

[tex]D = 0[/tex]

The graph has 1 x-intercept

Step-by-step explanation:

Given

[tex]f(x) = -4x^2 + 12x - 9[/tex]

Required

- Discriminant of f

- Number of x intercepts

Let D represent the discriminant;

D is calculated as thus

[tex]D = b^2 - 4ac[/tex]

Where a, b and c are derived from the following general format;

[tex]f(x) = ax^2 + bx +c[/tex]

By comparing [tex]f(x) = ax^2 + bx +c[/tex] with [tex]f(x) = -4x^2 + 12x - 9[/tex]

We have

[tex]f(x) = f(x)\\ax^2 = -4x^2\\bx = 12x\\c = -9[/tex]

Solving further;

[tex]a = -4\\b=12\\c=-9[/tex]

So, D can now be calculated;

[tex]D = b^2 - 4ac[/tex] becomes

[tex]D = 12^2 - 4 * -4 * -9[/tex]

[tex]D = 144 - 144[/tex]

[tex]D = 0[/tex]

Hence, the discriminant of f is 0

From the value of the discriminant, we can determine the number of x intercepts of the graph;

When D = 0, then; there exists only one x-intercept and it as calculated as thus

[tex]x = \frac{-b}{2a}[/tex]

Recall that

[tex]a = -4\\b=12\\c=-9[/tex]

So, [tex]x = \frac{-b}{2a}[/tex] becomes

[tex]x = \frac{-12}{2 * -4}[/tex]

[tex]x = \frac{-12}{-8}[/tex]

[tex]x = \frac{12}{8}[/tex]

[tex]x =1.5[/tex]

please help me thanks

Answers

___________________________________

The right answer is of option C

so if we have to solve it then it will be:

5x+13x=180

or,18x=180

or,X=180/18

X=10

hope it helps

Good luck on your assignment

_______________________________

Answer:

C

Step-by-step explanation:

X is 10 so it is c

Hope this works

The coordinate of point B is -6 and the coordinate of point E is 2.
Find the length of segment BE.​

Answers

Answer:

4

Step-by-step explanation:

just because i just took it

Which expression is equivalent to RootIndex 3 StartRoot x Superscript 5 Baseline y EndRoot?

x Superscript five-thirds Baseline y

s Superscript five-thirds Baseline y Superscript one-third

x Superscript three-fifths Baseline y

x Superscript three-fifths Baseline y cubed

Answers

Answer:

The correct option is B:

B) x superscript five-thirds Baseline y superscript one-third

Step-by-step explanation:

The expression can be written as:

[tex]\sqrt[3]{x^5y}[/tex]

We know that cube root can also be written as the power of 1/3, So

[tex]\sqrt[3]{x^5y} = (x^5y)^{1/3}[/tex]

Multiplying the power with both variables

[tex](x^5y)^{1/3} = x^{5\cdot1/3}\cdot y^{1\cdot1/3}[/tex]

Simplifying the equation to get final form

[tex]x^{5\cdot1/3}\cdot y^{1\cdot1/3} = x^{5/3}\cdot y^{1/3}[/tex]

As we can see that it is similar to the option B which is

B) x superscript five-thirds Baseline y superscript one- third

the correct option is B

The expression which is equivalent to RootIndex 3 StartRoot x Superscript 5 Baseline y EndRoot is;

x Superscript five-thirds Baseline y Superscript one-third

The expression can be written as;

[tex] \sqrt[3]\frac{{ {x}^{5} } }{y} [/tex]

In essence, Upon simplification; we have;

x⁵ ^(1/3) × y^(-1/3)

Therefore, we have;

x^(5/3) × y (-1/3)

The expression therefore becomes;

[tex] \frac{ {x}^{ \frac{5}{3} } }{ {y}^{ \frac{1}{3} } } [/tex]

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Lauren has 108 pieces of candy leftover from Halloween. She would like to distribute them evenly to the 9 kids on her block. Write an equation to show how many pieces of candy each kid will receive. Somebody please Help!

Answers

Answer:

108/9 = 12

Take the total amount of Candy (108) and divide it by the amount of people that will receive an equal amount (9). 108/9 = 12

What is the volume of a rectangular solid with a length of 12, a width of 3, and a height of 4?

Answers

Answer:

144

Step-by-step explanation:

L•w•h

12•4•3= 144

The answer is 144 , I got the same solving step by step solution like the other person

Which equations are equivalent to -1/4{X}=12 Select all that apply.

Answers

Answer:

2nd, 3rd and the last one

x and y are integers.
y>2
x<2
y< x + 3
Find the only pair of possible
values for x and y.​

Answers

Answer:

Y=3

X=1

3<1+3

Hope that helps

The only pair of possible values for x and y is (1,3) that satisfies the inequality expression.

What is an inequality?

An inequality is a relation which makes a non-equal comparison between two numbers or other mathematical expressions. It is the condition of being unequal.

For the given situation,

The expression is

x and y are integers, y>2, x<2

y< x + 3

[tex]x < 2[/tex] , x can take any value less than two.

⇒ [tex]x=1[/tex] and

[tex]y > 2[/tex] , y can take any value greater than two

⇒ [tex]y=3[/tex]

Thus the expression becomes,

⇒ [tex]y < x + 3[/tex]

⇒ [tex]3 < 1 + 3[/tex]

⇒ [tex]3 < 4[/tex]

Hence we can conclude that the only pair of possible values for x and y is (1,3) that satisfies the inequality expression.

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Using substitution to alive equation with two variables

Answers

Answer:

X=27

Step-by-step explanation:

-4•4= -16

Move -16 to the other side

3x=81

x=27

Can someone helping me?

Answers

Answer:

11

Step-by-step explanation:

Graph in desmos by making a table then you're able to count more clearly

Answer:

Answer is option b) 11

Step-by-step explanation:

[tex]distance \: between \: two \: points \\ = \sqrt{ {(y2 - y1)}^{2} + {(x2 - x1)}^{2} } \\ here \: x1 = 4 \: \: \: and \: y1 = 6 \\ x2 = - 7 \: \: \: and \: y2 = 6 \\ = \sqrt{ {(6 - 6)}^{2} + { (- 7 - 4)}^{2} } \\ = \sqrt{ { - 11}^{2} } \\ = \sqrt{121} \\ = 11[/tex]

HAVE A NICE DAY!

THANKS FOR GIVING ME THE OPPORTUNITY TO ANSWER YOUR QUESTION.

can you please solve this!

Answers

Answer:

x = 8

Step-by-step explanation:

Factor the perfect square trinomial x2 - 12x + 36.

Answers

Answer:

(x - 6)(x - 6)

Step-by-step explanation:

-6 + -6 = -12

-6 * -6 = 36

meaning -6 in in both

if you want to find x

x = 6

Answer:

6

Step-by-step explanation:

x2-12x+36=0

find a two numbers that add to -12 and multiply to 36

-6 and -6

(x-6)(x-6)=0

x-6=0     x-6=0

x=6         x=6

PLEASE HELP! FIRST CORRECT ANSWER WILL MARK BRAINLIEST!
A grocer wishes to blend two different coffee brands in order to make a blend of 400 pounds to sell at $3.00 a pound. If he uses a brand of coffee worth $2.70 a pound with another brand worth $3.20 a pound, how many pounds of each does he use?

Answers

Answer:

160 pounds at 2.70

240 pounds at 3.20

Step-by-step explanation:

Let x be the pounds and 2.70 per pound

400-x is the pounds and 3.20 per pound

there will be 400 pounds and 3.00 per pound

2.70 x + (400-x) *3.20 = 400 *3

Distribute

2.70x +1280-3.20x = 1200

Combine like terms

-.5x +1280 = 1200

Subtract 1280 from each side

-.5x = -80

Divide each side by -.5

x = -80/-/5

x =160

160 pounds at 2.70

400-160 = 240 pounds at 3.20

what is 2 with an exponent of negative 2 equal to?

Answers

Answer:

So since we have 2^-2 We can do 1/2^2  = 0.25

So if you have y^-x = 1/y^x

Answer:

1/4

Step-by-step explanation:

negative exponent rule says a ⁻ⁿ = 1/ aⁿ so:

2⁻² =1/2² = 1/4

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