what is the interest earned in a savings account after 12 months on a balance of $2000 if the interest rate is 1.5% APY compounded yearly? round your answer to the nearest hundredth.

Interest = $ [?]

Answers

Answer 1

Answer:

$30

Step-by-step explanation:

2000 x .015 = 30

Answer 2

The interest earned in the savings account after 12 months on a balance of $2000 if the interest rate is 1.5% APY compounded yearly is $30

How to calculate compound interest's amount?

If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:

[tex]CI = P\left(1 +\dfrac{R}{100}\right)^T - P[/tex]

The final amount becomes:

[tex]A = CI + P\\A = P\left(1 +\dfrac{R}{100}\right)^T[/tex]

For this case, we're specified that:

Initial amount = P = $2000Interest rate 1.5% annually (compound interest), or R = 1.5Time for which interest will be compounded = 12 months = 1 year = T (converted time to year as interest is being compounded annually).

Thus, we get the amount of interest as:

[tex]CI = 2000\left(1 +\dfrac{1.5}{100}\right)^1 - 2000\\\\CI = 2000\times \dfrac{1.5}{100} = 30 \: \rm (in \: dollars)[/tex]

Thus, the interest earned in the savings account after 12 months on a balance of $2000 if the interest rate is 1.5% APY compounded yearly is $30

Learn more about compound interest here:

https://brainly.com/question/11897800

#SPJ2


Related Questions

If two lines are perpendicular, what must be true about the slopes of the two lines. Select all that apply.

.

slopes are the same

Slopes are reciprocals

Slope are whole values

Slopes are opposites (one positive and one negative)

Answers

Answer:

Concept: Linear Systems

Those that are parallel have equal slope, contrary those that are parallel have reciprocal. Hope this helps!

determine the equation of the line

Answers

Answer:

y=5x-12

Step-by-step explanation:

the slope is 5 and y int. is -12

What does it mean to have diagonals bisect each other?
_____________________
A. They meet in the middle, cutting each other in half
B. The full diagonal line is congruent to the other diagonal line
C. The angles are congruent
D. That go across each other

Answers

Answer:

I think your answer would be A

Step-by-step explanation:

Your social security number?
A) continuous
B) discrete
C)categorical

Answers

B is the correct answer

what is the area if b=16mm and h=12mm

Answers

Answer: 96

Step-by-step explanation: the formula for area of a triangle is 1/2 (b)(h)

so 1/2 (16)(12)

= 96

Games Galore Super Store buys the latest video game at a wholesale price of $30.00. The markup rate at Game's Galore Super Store is 40%. You use your allowance to purchase the game at the store. How much will you pay, not including tax and explain your reasoning. *

Answers

Answer:

$42

Step-by-step explanation:

By definition, Markup is the difference between a product's selling price and cost as a percentage of the cost.

For example, if a product sells for $125 and costs $100, the additional price increase is ($125 – $100) / $100) x 100 = 25%.

Given data

firstly let us solve for 40% of $30

=40/100*30

=0.4*30

=$12

therefore the sale price will be the markup rate plus the initial price

Hence the you will have to pay 12+30=$42

At a concession stand 6 hot dogs cost $6.72. At this rate, how much would 8 hot dogs cost, in dollar sand cents?​

Answers

Answer:

$8.96

Step-by-step explanation:

Sorry if its to late

Distance between two places is 400 miles. The scale of the map is 1
in:200 miles. What is the distance between these two places in The Map

Answers

Answer:

2 in

Step-by-step explanation:

if 200 miles = 1 in

400 miles = 400 miles x 1 in

                        200 miles

= 2in

2. The angle of elevation of the top of a vertical
cliff, as seen from a boat 120 m away, is 32°.
The angle of elevation of the top of a flagpole
at the edge of the cliff, as seen from the boat,
is 37º. Find the height of the flagpole.

Answers

Answer: 15.44 m

Step-by-step explanation:

We can think this as two triangle rectangles.

In both cases, the adjacent cathetus is 120m.

When the angle is 32°, the opposite cathetus will be the height of the cliff.

When the angle is 37°, the opposite cathetus will be the heigth of the cliff plus the height of the flagpole.

Then we need to compute both of them and calculate the difference.

We can use the trigonometric relation:

Tan(θ) = (opposite cathetus)/(adjacent cathetus)

in this case we have:

Tan(32°) = (height of the cliff)/(120m)

Tan(32°)*120m = height of the cliff = 74.98m

Now we can use the other angle to compute:

Tan(37°) = (heigth of the cliff + heigth of the flagpole)/120m

Tan(37°)*120m = heigth of the cliff + heigth of the flagpole = 90.42m

Then the height of the flagpole will be:

H = 90.42m - 74.98m = 15.44 m

5/8 divided by 1 1/3? In fraction form

Answers

Answer:

15/32

Step-by-step explanation:

15/32 is the fraction form of the statement 5/8 divided by 1 1/3.

To divide 5/8 by 1 1/3, we first need to convert the mixed number 1 1/3 to an improper fraction.

1 1/3 can be written as (3/3 + 1/3), which simplifies to 4/3.

Now, we can rewrite the division as the multiplication of the dividend by the reciprocal of the divisor:

(5/8) * (3/4)

Multiplying the numerators and denominators:

(5 * 3) / (8 * 4) = 15/32

Therefore, 5/8 divided by 1 1/3 in fraction form is equal to 15/32.

Learn more about ratios here:

https://brainly.com/question/13419413

#SPJ6

Estimate and then solve 8,784 ÷ 61 = ___. answers: 133 134 143 144 I WILL MARK U BRAINLEIST IF ITS RIGHT​

Answers

Answer:

The answer is 144

Step-by-step explanation:

Answer:

Ummm...

8,784/61=

144, D ??

y = 4x 2 is shifted 5 units to the right

Answers

Answer:4

Step-by-step explanation: y=mx+b is the slope intercept form of an equation. m is the slope and b is the y-intercept. just substitute 4 for m and 2 for b and get the original equation y = 4x + 2. since 4 is m, then 4 is the slope.

Answer:

y= 4(x-5) 2

Step-by-step explanation:

It seems counterintuitive, but to shift a parabola, you have to subtract five from x. To shift to the left, you would simply add five to x instead of subtract.

Sal's Sandwich Shop sells wraps and sandwiches as part of its lunch specials. The profit on every sandwich is $2 and the profit on every wrap is $3. Sal made a profit of $1,470 from lunch specials last month. The equation 2x + 3y = 1,470 represents Sal's profits last month, where x is the number of sandwich lunch specials sold and y is the number of wrap lunch specials sold.
Below is a graph that represents the total profits for a third month. Write the equation of the line that represents this graph. Show your work or explain how you determined the equations.

Answers

Answer:

y = -2/3x + 300

Step-by-step explanation:

Since the line is linear, we can find the equation of the line in y=mx+b form.

First, you have to find the slope using the slope formula.  Pick two points from the graph and plug it into the equation.  It doesn't matter which ones; you will get the right answer regardless.  I picked the points (0, 300) and (450, 0).

[tex]m=\frac{y_{2} -y_{1} }{x_{2} -x_{1} }\\m=\frac{300 -0 }{0 -450 }\\m=\frac{300}{-450} \\m=-\frac{2}{3}[/tex]

You now have slope (m).  You have to find the y-intercept (b) next.  The y-intercept is the point where the line crosses the y-axis.  For this graph, the line crosses the y-axis at (0, 300), making the y-intercept 300.

Since you have m and b, you can plug the values into y=mx+b.

y = mx + b

y = -2/3x + 300

The table below shows the linear relationship between the number of people at a picnic and the total cost of the picnic.

Answers

wheres the table at bro post a pic

Use the equation p=b-3 to find the value of p when b = 8

Answers

Answer:

5

Step-by-step explanation:

p=(8)-3

p=5

Answer:

p=8-3

p=5

Step-by-step explanation:

Charlie can spend up to 10$ on lunch. He wants to buy a turkey sandwich, a bottle of soda,
and x pounds of macaroni. If a turkey sandwich cost $3.75, a bottle of soda cost $2.25, and
macaroni costs $2 per pound, find the range of pounds of macaroni that Charlie can buy.

Answers

Answer:

he can buy 2 pounds of macaroni

Step-by-step explanation:

first you add up the 3.75 and the 2.25 from the turkey and the soda. it ranges to 6 dollars. then if each macaroni pound is 2 you will be able to buy 2 pounds from the 4 dollars you have lefy

Answer:

Charlie can buy 1 or 2 pounds of macaroni

Step-by-step explanation

If we add up the cost of the turkey sandwich and the soda, we get $6.00. Charlie has $10.00 to spend, so when he buys the sandwich and soda, he will have $4.00 left to spend. If the macaroni is $2.00 per pound, then Charlie can buy 1 or 2 pounds of macaroni.

hope this helped

1 A high school talent show lasted a total of t minutes. There were 2 intermissions that were each the length of 8 the talent show. Which function can be used to find the number of minutes the talent show lasted, not including intermissions?​

Answers

Answer:

I think f(t)=1/4t

Step-by-step explanation:

Because of you multiply 1/8 times 2, it gives you 1/4. Not 100% sure tho

If total time is t and There were 2 intermissions each the length of 1/ 8  of the talent show then function to find the number of minutes the talent show lasted, not including intermissions  is f(t)= 3t/4 minutes .

What is a function ?

function is a relation from a  set  to another  set provided that each element of first set is related to a unique element of another set .

Here given that total time is t  minutes

And time of intermission is t/8 minutes

And there are total 2 intermissions

Hence function to find the number of minutes the talent show lasted, not including intermissions can be defined as

f(t)= total time - 2(time of intermission)

[tex]f(t) = t- 2\times \frac{t}{8}\\\\f(t)=t-\fract1}{4}\\\\f(t)=\frac{3t}{4}[/tex]

If total time is t and There were 2 intermissions each the length of 1/ 8  of the talent show then function to find the number of minutes the talent show lasted, not including intermissions  is f(t)= 3t/4 minutes .

To learn more about functions visit : https://brainly.com/question/25638609

Cindy has a picture that is 3 inches wide and 4 inches long. She wants to enlarge it so that it is 12 inches long. How wide will the picture be?

Answers

Answer:

9 inches wide

Step-by-step explanation:

What we know:

Cindy has a 3-inch by 4-inch picture.

She wants to enlarge that picture so the length is 12 inches.

It's 4 inches long in the original, and 12 inches in the scale.

Divide 12 by 4 to get a scale factor of 3.

Multiply 3 by 3 (essentially 3^2) to get 9 inches as the width.

Solve for x.
(x + 13) ft
24 ft

Answers

Answer:

x = 9.

Step-by-step explanation:

If you meant (x + 13) = 24, then we first must subtract 24 by 13.

24 - 13 = 9

Now, check your work by replacing the "x" with 9.

(9+ 13) = 24

24 = 24 <----- This is a true statement.

Therefore, x = 9.

Hope this helps! :D

Solve for X, please help me.

Answers

Answer:

9+12=21

21+2=33

23+3=26

Step-by-step explanation:

the answer is 7

The diameter of a circle measures 14 m. What is the circumference of the circle?
Use 3.14 for n, and do not round your answer. Be sure to include the correct unit in your answer.

Answers

Answer:

Step-by-step explanation:

The circumference is either pi*d or 2 pi r

Use pi*d

3.14 * 14 = 43.96

Answer:

43.96 m

Step-by-step explanation:

[tex]C = \pi \: d = 3.14 \times 14 = 43.96 \: m[/tex]

16. Rosa deposited $500 in a savings account with a SIMPLE interest rate of 3% per year. If she made
no other deposits or withdrawals, how much interest would she earn after 2 years? *
(5 Points)
$1.50
$15.00
$3.00
$30.00

Answers

30 because 3% of 500 is 15then you multiply that by 2

I’ll mark you brainlist I’ll mark you brainlist

Answers

Answer:

-2

Step-by-step explanation:

:)

-2 , i believe it would be -2

Put the following equation of a line into slope-intercept form, simplifying all fractions. 12x+8y=-16

Answers

Step-by-step explanation:

join my zoom meeting

id-9384026088

password -1234

what’s the slope of the line?

Answers

Answer:

(0,0)

Step-by-step explanation:

Pls help, my moms gonna tell if i fail

Answers

Answer:

0 and 3, I think those are the answers cause they make the most sense

Step-by-step explanation:

laura has 160 pounds of green beans at her vegetable stand. she sells 10 pounds of green beans every hour, what is the percent decrease in green beans after 3 hours?

Answers

Answer:

laura has 160 pounds of green beans at her vegetable stand. she sells 10 pounds of green beans every hour, what is the percent decrease in green beans after 3 hours?Step-by-step explanation:

Answer:

g

Step-by-step explanation:

Brainlest if correct

Answers

I believe that the answer is B

480/____=80
what does ____=???

Answers

The answer is 6. 480 divided by 80 gives you the answer 6.

Given the function, f(x)= 1/2x − 4, evaluate f(2).

Answers

Answer:

-3

Step-by-step explanation:

1/2x2=1  1-4=-3

Other Questions
What is .63 converted into a decimal? A= 12.8mB=13.9mC=12mD= 7m I WILL GIVE BRAINLIST Answer the questions to compare 3/12 and 2/9 by using their decimal forms. 1. How can you find the decimal forms of 3/12 and 2/9?2. Find the decimal form of 3/12 Show your work3. Find the decimal form of 2/9 Show your work Lucius and Angelina's teacher gave them a system of linear equations to solve. They each took a few steps that led to the systems shown in the table below. Hamburger meat cost $3.68 pound. which equation best represent y, the total cost of x pounds of hamburger meat? Clover Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine hours. The following data pertain to one month's operations: Standard machine hours allowed for actual production: 3,550 MH Actual machine hours for the month: 4,000 MH Actual variable manufacturing overhead costs incurred: $ 80,000 Variable overhead spending variance: $ 5,450 Unfavorable What is variable overhead rate variance? A. S 9,450.00 unfavorable B. S9,450.00 favorable C. 4,000.00 unfavorable D. 4,000.00 favorable E. Not determinable 4(m+3)=24m=?If you know the answer, please let me know. I really need help. Thank you.(If the answer is right, this person will be the smartest) Identify the correct organization order of an introduction paragraph.O A. Hook and Thesis StatementB. Thesis statement, background information, and hookO c. Thesis statement and hookO D. Hook, background information, and thesis statementno Write the ratio of corresponding sides for the similar triangles and reduce the ratio to lowest terms.3020M16a.16 248153020b16244-20305C16202430 3 d.1530162024< Previous Activity i need a step by step explanation factor completely 4x+12x-16x-48x When an organizatin needs a program to do a very specific job, it mayhire someone to write _____ software. Some one help ASAP its already 2am I want sleep please help I give crowns i was wondering....does anyone want to be my penpal or my language buddie....im about to stat korean and um i know french ig lol Which word in this paragraph contains a prefix?Lexie's face grew red with embarrassment. As shewalked into school, she quickly realized that she was theonly student wearing a bathrobe and slippers. Shelooked at the bulletin board and gasped. "Oh no! I musthave misread the calendar. Pajama Day is tomorrow."bathrobebulletingaspedmisread How many moles are in 3.4 x 10-7 grams of Silicon dioxide, SiO2? What does the 16 mean in the isotopes carbon 16 ( HELP PLEASE Question 3 of 8 Which of the symbols correctly relates the two numbers below? Check all that apply. 19 ? 20 A.=/ B. = C. _E. > F. What crop did the Malcontents MOST LIKELY want to use slave labor to grow?