How much interest will you earn if you deposit
$4000 into an account compounded semi-annually
at 2.8% for 5 years?

Answers

Answer 1

Answer:

45215.31

Step-by-step explanation:

Answer 2

$596.6 is the interest will you earn if you deposit $4000 into an account compounded semi-annually at 2.8% for 5 years.

What is compounding?

Compounding is the process whereby interest is credited to an existing principal amount as well as to interest already paid. Compounding thus can be construed as interest on interest—the effect of which is to magnify returns to interest over time, the so-called “miracle of compounding.”

According to question,$4000 into an account compounded semi-annually at 2.8% for 5 years.

We have to find interest rate.

Formula for compound interest is [tex]P[(1+i)^n-1][/tex]

Since compounding is semi-annually,

[tex]i=\frac{0.028}{2}[/tex][tex]=0.014[/tex] (since compounding is semi-annually)

[tex]n[/tex]=number of years=[tex]5[/tex] ×[tex]2=10[/tex] years (since compounding is semi-annually)

So, compound interest

[tex]=[/tex][tex]P[(1+i)^n-1][/tex]

[tex]=4000((1+0.014)^{10} -1))[/tex]

[tex]=4000[/tex]×[tex]0.1491[/tex]

[tex]=596.6[/tex]

Hence we can conclude that,$596.6 is the  interest will you earn if you deposit $4000 into an account compounded semi-annually at 2.8% for 5 years.

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Related Questions

when rolling a die what is the probability of getting a number greater than 0​

Answers

Answer:

100%

Step-by-step explanation:

Numbers on a die are 1,2,3,4,5,6 which are all greater than zero, so the probability is 6/6 or 100%.

Question : Explore criteria of congruency of triangles using a set of triangle cut outs

Answers

Answer:

       Explore Various Criteria for Congruence TrianglesSASASAAASSSSRHS

Christine is putting money into a savings account. She starts with $550 in the savings account, and each week she adds $60.
Let S represent the total amount of money in the savings account (in dollars), and let W represent the number of weeks Christine has been adding money. Write an equation relating S to W. Then use this equation to find the total amount of money in the savings account after 19 weeks

Answers

Answer:

$1690

Step-by-step explanation:

equation: 60w+550=s

work: 60(19)+550=s

1140+550=s

1690=s

12 tenths+ 9 tenths = tenths = ones = tenths

Answers

Explain: it’s equals to 20

put the following unit fractions in order from smallest to largest. 1/16 1/24 1/8 1/10 1/4 1/12 1/3 1/6 1/2


Answers

Answer:

1/24, 1/16, 1/12, 1/10, 1/8, 1/6, 1/4, 1/3, 1/2

Step-by-step explanation:

If you have this many fractions and they all have the same numerator, then the smallest number will have the biggest denominator and the biggest number will have the smallest.

So when you have all numbers with the same numerator and you're trying to put them in order from smallest to greatest, it's like putting the denominators in order from largest to smallest. (So, the 1/24 is the SMALLEST and the 1/2 is the BIGGEST.

A shuffled deck of cards is placed facedown on the table. It contains 7
hearts, 8 diamonds, 6 clubs and 3 spades. What is the probability that the top two cards are one of the clubs followed by one of the heartS?

Answers

Answer:

3/23 x 5/23 = 15/529 = 2.84%

Answer:

First find the total of 7 hearts, 8 diamonds, 6 clubs and 6 spades which is 24 altogether. Therefore we are talking about 4 types of cards. I therefore think the probability will be 2/24

Write 23/18 as a decimal.

Answers

Answer:

hi

Step-by-step explanation:

the answer would be 1.2778

Find the perimeter and area of this polygon.

Answers

Answer:

perimeter=114

AREA= 308

Step-by-step explanation:

A^2 + B^2=C^2

then A+B=+C= P for triangle

52= triangle perimeter

rectangle:

(l+w)*2=p for rectangle=62

then add 52+62= 114

AREA- Triangle

b*h/2

22*10=220

220/2

= 110

AREA- Rectangle

l*w=A

22*9=198

ADD BOTH AREAS

198+110=308

HOPE IT HELPS

help!!?1!1!1!1!1!1!1?1?1!?1?1!1?1!1?1?1?1?1??1?1!1

Answers

Joshua: 143.826 grams

Phoebe: 144 grams

Oliver: Unsure, but for sure what shouldn't happen

Joshua (advantage): It is actually good to include decimals into your information because more information helps assist in experiments with proper results but you must also not include unnessessary information

Phoebe (disadvantage): You should include decimals in information, especially relating to scale weighing and her method lacks decimals

Oliver (disadvantage): This experiment already involves grams and therefore you shouldn't change the form of measurement unless it requests for it to happen

Joshua: 143.826 grams (advantageous)

Phoebe: 144 grams (Disadvantage)

Oliver: Disadvantage

What is Rounding off?

Changing a number's digits so that it approximates a value is known as rounding a number. The provided number is more simply represented by this value. For instance, 700,000 rather than 698,869 could be used to express a town's population.

Joshua:

Although it is beneficial to add decimals in your data since more information aids in experiments producing accurate results, you should avoid including unnecessary information.

Phoebe's method lacks decimals, which is a drawback because it pertains to scale weighing and you should include them in information.

Oliver : As this experiment already uses grammes, you shouldn't modify the units of measurement until specifically instructed to do so.

Learn more about Rounding off here:

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1+ root2x + 1 = root2x + 8

Answers

Answer:

14x 2 +9

Step-by-step explanation:

(1-w-w²)⁶=64 prove thta​

Answers

1−w−w2=64

Step 1: Simplify both sides of the equation.

−w2−w+1=64

Step 2: Subtract 64 from both sides.

−w2−w+1−64=64−64

−w2−w−63=0

For this equation: a=-1, b=-1, c=-63

−1w2+−1w+−63=0

Step 3: Use quadratic formula with a=-1, b=-1, c=-63.

w= −b±√b2−4ac /2a

w= −(−1)±√(−1)2−4(−1)(−63) /2(−1)

w= 1±√−251/ −2

√((2+√3)÷(2-√3))

what is the answer?​

Answers

Ok done. Thank to me:>

6. Expand the brackets: a) 3(x - y) )​

Answers

Answer:

3x-3y

Step-by-step explanation:

3(x-y)

open the brackets:

(3×x)-(3×y)

= 3x-3y

Which of the following points lies on the line 2x+3y=5?
A. (2,3)
B. (2,1)
C. (-2,3)
D. (-2,0)

Answers

Answer:

B(2,1). And C(-2,3)

Step-by-step explanation:

Tbh, you can just plug the numbers into the original equation :2x+3y=5

A.2x2+3x3=13 ≠5

B.2x2+3x1=5=5

C.-2x2+3x3=5=5

D.-2x2+3x0=-4≠5

So the answer is B and C lies on the line

A positive integer squared plus 3 times it’s consecutive integer is equal to 43

Answers

Answer:

the integer is 5

Step-by-step explanation:

x^2+3(x+1)=43

x^2+3x+3=43

x^2+3x+(9/4)=43-3+(9/4)

(x+(3/2))^2=42 1/4

x+(3/2)=sqrt(42 1/4)

x+(3/2)=6 1/2

x=(6 1/2)-(3/2)

x=5

check:

5^2+3(6)=43

25+18=43

43=43

Answer:

5

Step-by-step explanation:

let positive integer be x

x² + 3(x+1)=43

x²+3x+3-43=0

x² + 3x - 40 = 0

x² + 8x - 5x - 40 = 0

x(x+8) - 5(x+8)=0

(x-5)(x+8)=0

x-5=0 or x+8=0

x=5. or x=-8

but the question says positive integer,

therefore, x=5

2
Which function has a greater rate of change?
Function 1
Function 2
4
3
2
The function whose input x and
output y are related by
1
X+
2
-*x+7
14-3-2-1 1 2 3 4
2
A) Function 1
B) Function 2
C) Neither, they are equal
D) Neither, one is nonlinear

Answers

a) function 1 has a greater rate of change

I need help on this question

Answers

Answer:

Go download CameraMath on playstore

I need help please I don’t know what to it is due today

Answers

Answer:

12 blue necklaces + 12 red necklaces = 24 necklaces. He will have 1 blue bead left over and 1 red bead left over.

Step-by-step explanation:

37/3 = 12.333 or 12 r1

25/2= 12.5 or 12 r1

1+1=2

1 red and 1 blue bead left over

if you roll a fair 6-sided die 9 times, what is the probability that at least 2 of the rolls come up as a 3 or a 4?

Answers

Using the binomial distribution, it is found that there is a 0.857 = 85.7% probability that at least 2 of the rolls come up as a 3 or a 4.

For each die, there are only two possible outcomes, either a 3 or a 4 is rolled, or it is not. The result of a roll is independent of any other roll, hence, the binomial distribution is used to solve this question.

Binomial probability distribution

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

The parameters are:

x is the number of successes. n is the number of trials. p is the probability of a success on a single trial.

In this problem:

There are 9 rolls, hence [tex]n = 9[/tex].Of the six sides, 2 are 3 or 4, hence [tex]p = \frac{2}{6} = 0.3333[/tex]

The desired probability is:

[tex]P(X \geq 2) = 1 - P(X < 2)[/tex]

In which:

[tex]P(X < 2) = P(X = 0) + P(X = 1)[/tex]

Then

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 0) = C_{9,0}.(0.3333)^{0}.(0.6667)^{9} = 0.026[/tex]

[tex]P(X = 1) = C_{9,1}.(0.3333)^{1}.(0.6667)^{8} = 0.117[/tex]

Then:

[tex]P(X < 2) = P(X = 0) + P(X = 1) = 0.026 + 0.117 = 0.143[/tex]

[tex]P(X \geq 2) = 1 - P(X < 2) = 1 - 0.143 = 0.857[/tex]

0.857 = 85.7% probability that at least 2 of the rolls come up as a 3 or a 4.

For more on the binomial distribution, you can check https://brainly.com/question/24863377

6. Your gas tank can hold no more than 14.5 gallons of gasoline. On a trip to the grocery store, you use 1.5 gallons of gasoline. Write and solve an inequality that represents the amount of gasoline left in your gas tank after 2 trips to the grocery store.​

Answers

Answer:

14.5 ≥ g(1.5)

g = The number of trips to the grocery store.

You will have 11.5 gallons left.

Hogie lizards have tail lengths that are normally distributed with a mean of 22.5 cm and a standard deviation of 3.6 cm. What tail length is at the 40th percentile for these lizards?

Answers

A tail length of 23.94 cm is at the 40th percentile for these lizards.

The z score is used to determine by how many standard deviations the raw score is above or below the mean. It is given by:

[tex]z=\frac{x-\mu}{\sigma} \\\\where\ x\ is\ raw\ score, \mu\ is\ mean,\sigma\ is\ standard\ deviation\\\\\\Given\ that:\\\mu=22.5\ cm,\sigma = 3.6\ cm[/tex]

For the 40th percentile, that is z = 40% = 0.4:

[tex]0.4=\frac{x-22.5}{3.6} \\\\x=23.94\ cm[/tex]

A tail length of 23.94 cm is at the 40th percentile for these lizards.

Find out more at: https://brainly.com/question/15016913

b. What is the area of the surface of Crater Lake?

Give a step by step explanation

Answers

Answer: 23.76 miles

Step-by-step explanation:

You are basically finding the perimeter for question a

given that perimeter is [tex]\pi[/tex]d

Subsitute the values

So perimeter = [tex]\pi[/tex] x 5.5 = 5.5 [tex]\pi[/tex] miles = 17.28 miles (2.d.p)

For question b, the area of the surface of Crater lake is finding its area

Given that area of a circle is [tex]\pi r^{2}[/tex]

Substitute the values

Because 5.5 is the diameter, to find the radius, divide by 2 to get 2.75

Area = 2.75^2 x [tex]\pi[/tex] = 7.5625[tex]\pi[/tex] = 23.76 miles^2 (2.d.p)

pls help due tonight

Answers

Answer:

-32

Step-by-step explanation:

-32x + 4y = 12

4y = 12 + 32x

/4      /4     /4

y = 3 + 8x

i need help with this question

Answers

Answer:

so its 4 just bc

Step-by-step explanation:

Answer:

yes

Step-by-step explanation:

5x + 40 + 2(2x + 20) + x = 360

10x + 80 = 360

10x = 280

x = 28

5x + 40 =? 180

140 + 40 =? 180

180 = 180

Find the common factors of the algebraic expression:- 7a²b, 14abc


please help me please it's important​

Answers

factor of 7a²b, 14abc

7a²b, 14abc= 7ab

Helppppppppppppppppppp

Answers

Answer:

<6

<4

Step-by-step explanation:

Remote interior angle is an interior angle that is not adjacent to the exterior angle of interest.

<6

<4

Layla borrowed some money from her friend in order to help buy a new video game
system. Layla agreed to pay the friend back some amount every week until her loan
was paid off. Let L represent the amount Layla owes her friend after t weeks. A graph
of L is shown below. Write an equation for I then state the y-intercept of the graph
and determine its interpretation in the context of the problem.

Answers

The linear equation for this scenario is L = -20t + 140. Layla owes her friend $140 and pays the friend $20 per week.

What is an equation?

An equation consists of numbers and variables linked together by mathematical operations to form an expression.

A linear equation is in the form:

y = mx + b

Where m is the rate of change and b is the initial value

Let L represent the amount Layla owes her friend after t weeks.

Using the point from the graph (0, 140) and (7, 0):

L - 140 = [(0 - 140)/(7 - 0)](t - 0)

L - 140 = -20t

L = -20t + 140

The y intercept is 140

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Given [tex]cot(\alpha )=-\sqrt{3}[/tex] and [tex]\pi/2 \ \textless \ \alpha \ \textless \ \pi[/tex], find the exact values of the five remaining trigonometric functions:
1. [tex]sin(\alpha )[/tex]
2. [tex]cos(\alpha )[/tex]
3. [tex]tan(\alpha )[/tex]
4. [tex]csc(\alpha )[/tex]
5. [tex]sec(\alpha )[/tex]

Answers

Immediately, by definition of cotangent, we find

tan(α) = 1/cot(α) = 1/(-√3)

⇒   tan(α) = -√3

Given that π/2 < α < π, we know that cos(α) < 0 and sin(α) > 0. In turn, sec(α) < 0 and csc(α) > 0.

Recall the Pythagorean identity,

cos²(α) + sin²(α) = 1

Multiplying both sides by 1/sin²(α) recovers another form of the identity,

cot²(α) + 1 = csc²(α)

Solving for csc(α) above yields

csc(α) = + √(cot²(α) + 1) = √((-√3)² + 1) = √4

⇒   csc(α) = 2

⇒   sin(α) = 1/2

Solve for cos(α) using the first form of the Pythagorean identity:

cos(α) = - √(1 - sin²(α)) = - √(1 - (1/2)²) = - √(3/4)

⇒   cos(α) = -√3/2

⇒   sec(α) = -2/√3

Tessa feeds her dog,Roscoe 3 3/4 cups of dog food per day.if she buys a bag of food that contains 165 cups, how many days will the bag last?

Answers

44 days 165 ÷ 3 3/4 = 44

PLEASE HELP!!!!!!!!!!!!! ASAPPP

Answers

Answer:

JO !

Step-by-step explanation:

get he exponet out the way

\

that leaves you with 3+4x1

do 4x 1 that equals 4

3+ 4 = 7

Hey there!

3 + 4 × 1^2

= 3 + 4 × 1

= 3 + 4

= 7

[Jo is correct] whereas Mia is incorrect because she misunderstood the question.

Good luck on your assignment and enjoy your day!

~Amphitrite1040:)

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