An investment of $750 earns 3.3% Interest compounded monthly. What is the equation that modelsThe value of investment

Answers

Answer 1

Final answer:

To find the value of an investment with monthly compound interest, you use the formula [tex]A = P(1 + r/n)^{nt}[/tex]. For a $750 investment at a 3.3% interest rate compounded monthly, the equation is [tex]A = $750(1 + 0.033/12)^{12t}[/tex]. The formula accounts for principal, interest rate, compounding frequency, and number of years.

Explanation:

To model the value of the investment with compound interest, we use the compound interest formula:

[tex]A = P(1 + \frac{r}{n})^{nt}[/tex]
Where,

A is the amount of money accumulated after n years, including interest.P is the principal amount (the initial amount of money).r is the annual interest rate (decimal).n is the number of times that interest is compounded per year.t is the number of years the money is invested for.

So for an investment of $750 at a 3.3% interest rate compounded monthly, the equation would be:

[tex]A = 750(1 + \frac{0.033}{12})^{12t}[/tex]
This equation can be used to calculate the value of the investment after t years. Monthly compounding means that the interest is calculated and added to the account balance 12 times a year.


Related Questions

Find (3 × 10^4) + (7 × 10^2).
A) 3.07 × 10^2
B) 3.07 × 10^4
C) 3.70 × 10^2
D) 3.70 × 10^4
I need a correct answer please

Answers

the answer is  option "B"

It takes Olive 20 minutes to read 5 pages of her book. At what unit rate is olive reading?

Answers

It is taking Olive 4 minutes to read each page.

20/5 = 4
Hope this helps!

For this case we can find the unit rate in number of minutes per page.

To do this, we divide the total time between the number of pages.

We have then:

[tex]r = \frac {20} {5} \frac {min} {pag}\\r = 4 \frac {min} {pag}[/tex]

Answer:

The unit rate olive is reading is:

[tex]r = 4 \frac {min} {pag}[/tex]


Write the following equation in slope intercept form. y – 3 = -2 (x -5)

Answers

This equation is currently in Point Slope Form. You can easily convert this form to Y Slope Intercept by following these steps.

Add 3 to both sides.

y = -2(x-2)

Simplify.

y = -2x + 4
y - 3 = -2 (x -5)
y - 3 = -2x -10
+3 = +3
y = -2x -7

Pls help. First answer marked as brainliest

Answers

-2; 3-5= -2 or -5 - (-3)

-1; 4-5 or -5 - (-4) = -1

-5; -6 - (-1)= 1-6= -5

In a recent 10 year period, the change in the number of visitors to U. S. National Park was about -11,150,000.

Answers

okay, so, what am I trying to answer here? if you give me more information, ill be happy to help

Answer:

1115000

Step-by-step explanation:

12 is a percentage of 43

Answers

If 12 is a percentage of 43, that means that 12/43 will equal a percentage because we are given that 12 is within 43 and makes a percentage of it. 12/43 is 0.279 (rounded). This means that 12 makes up 27.9% of 43.

given the inequality 3(x - 4)>bx, for what value of "b" are there no solutions?

Answers

3(x-4)>bx
3x-12>bx

if b=3 then they you could remove the x of both sides:
-12>0
and there would be no solution

Which unit rate is the lowest price per ounce? Choice A: 25 ounces of potato chips for $3.49. Choice B: 45 ounces of potato chips for $4.79
Choice A
Choice B
Both are equal
Not determined

Answers

3.49/25 = 0.1396 rounded = 0.14 cents per ounce
4.79/45 = 0.1064 rounded = 0.11 cants per ounce

B is the lowest price

hope it helps
I thinks the awnswer is choise b because it is a lower unit price

which is bigger 3/8 or 0.38

Answers

.38 is larger than 3/8. 
To come to this conclusion, I convert the fraction 3/8 into a decimal. 
3/8=.375

Since .375 is smaller than .38, then .38 is larger than 3/8.
Final answer:

0.38 is bigger than 3/8.

Explanation:

To compare 3/8 and 0.38, we need to convert them to the same form. Since 0.38 is already in decimal form, we need to convert 3/8 to decimal form as well. Dividing 3 by 8 gives us 0.375.

Comparing 0.375 and 0.38, we can see that 0.38 is bigger than 0.375. So, 0.38 is bigger than 3/8.

solve for y, then find the value of y when given x = -2. 6x = 7 - 4y

Answers

Final answer:

To solve for y in the equation 6x = 7 - 4y, isolate the y-term by subtracting 7 and dividing by -4. When x = -2, y = 15/4.

Explanation:

To solve for y in the equation 6x = 7 - 4y, we can start by isolating the y-term. First, subtract 7 from both sides of the equation to get 6x - 7 = -4y. Then, divide both sides by -4 to isolate y and change the sign, giving us y = -6x/4 + 7/4. To find the value of y when x = -2, we substitute -2 into the equation:

y = -6(-2)/4 + 7/4 = 3 + 7/4 = 3 3/4 = 15/4

Learn more about Solving linear equations here:

https://brainly.com/question/29775795

#SPJ2

B
ryn had $525 which was 70%of the total amount needed for a deposit on an apartment. what was the total deposit needed

Answers

This would be 525 / 0.70  = $750 Answer

Convert 12 over 5 to a decimal using long division.

Answers

12/5 = 2.4

hope it helps
see the attached picture for long division:

HELP ME PLEASE!!!!!!

Answers

B is the correct answer :)
okey you have to turn the fraction into a decimal>>>  3/4=  0.75 x3600 = 2700 is the correct answer.

78 is three times a number

Answers

26. Because 78/3=26. 
78 = 3x <== ur equation
78/3 = x
26 = x...ur number

a geologist noticed that land along a fault line moved 24.8 cm over 175 yrs on average how much did the land move each year

Answers

24.8 cm ÷ 175= 0.141... or 0.14 cm.
The answer is 0.14 cm
The answer should be 0.14 cm

There are 318 fiction books in the class library.the number of nonfiction books is 47 less than the number of fiction books about how many nonfiction books are there in the class library?explain

Answers

well therare 318 fiction books and it says the number of non-fiction books is 47 less so what is 318-47.

Answer:

271 books

Step-by-step explanation:  

Given: There are 318 fiction books in the class library.the number of nonfiction books is 47 less than the number of fiction books.

To find: About how many nonfiction books are there in the class library

Solution: It is given that 318 fiction books in the class library.

Also it is given that the number of nonfiction books is 47 less than the number of fiction books.

Let us assume that there are x nonfiction books,

So, we have

[tex]x=318-47[/tex]

[tex]x=271[/tex]

Hence, the number of nonfiction books is 271.

35 multiplied by the quantity r less than 45

Answers

Hello There!

Call the missing value 'n'
35n < 45.

Hope This Helps You!
Good Luck :)

Find the LCM of 63 and 84.

Answers

252, because 2x2x3x3x7 = 252
The least common multiple is 252.

what do you notice about the slopes of opposite sides

Answers

There are two positive slopes on the opposite side for E and F, while there are two negative slopes on the opposite sides for G and H.

the midpoint of AB has coordinates (4, -9). Endpoint A has coordinates (-3,-5). what are the coordinates of B

Answers

The coordinates for other endpoint is (5,-23)

The co-ordinates of B are (11,-23)

what is the Cartesian coordinate system?

A Cartesian coordinate system in a plane is a coordinate system that specifies each point uniquely by a pair of numerical coordinates,

Given here: The midpoint of the line AB is (4,-9) and A (-3,5)

let the co-ordinates for B be (x,y) Thus using the formula for midpoint we get

4=x-3 /2

x-3=8

x=11

-9= 5+y /2

y=-23

Hence, The co-ordinates of B are (11,-23)

Learn more about the co-ordinate system here:

https://brainly.com/question/29762404

#SPJ2

Find the solution to the system of equations: x + 3y = 7 and 2x + 4y = 8 1. Isolate x in the first equation: 2. Substitute the value for x into the second equation: 3. Solve for y:       4. Substitute y into either original equation: 5. Write the solution as an ordered pair:     x = 7 – 3y 2(7 – 3y) + 4y = 8 14 – 6y + 4y = 8 14 – 2y = 8 –2y = –6 y = 3 x + 3(3) = 7 (, )

Answers

x + 3y = 7
x = -3y + 7

2x + 4y = 8
2(-3y + 7) + 4y = 8
-6y + 14 + 4y = 8
-2y = 8 - 14
-2y = - 6
y = -6/-2
y = 3

x + 3y = 7
x + 3(3) = 7
x + 9 = 7
x = 7 - 9
x = -2

solution is (-2,3)

Answer:

Thx. (-2, 3) is correct

Step-by-step explanation:

the forth term of an arithmetic seaquence is 19 and the fifth term is 13 . what is the third term

Answers

The third term was likely to be 25. You can see a pattern -6 when it goes up a term. 

Anthony is making a collage for his art class by picking shapes randomly. He has five squares, two triangles, two ovals, and four circles. Find P(a square is not chosen first).

PLEASE HELP!
15 POINTS

Answers

The answer is c because there is 13 shapes in total and there is 8 shapes that are not squares

Answer:

C) P = [tex]\frac{8}{13}[/tex]

Step-by-step explanation:

Square: 5

Triangle: 2

Ovals: 2

Circles: 4

Using formula of probability:

Probability = [tex]\frac{Favourable Outcomes}{Total Outcomes}[/tex] ----- 1

Total Outcomes: 5 + 2 + 2 + 4 = 13

Favourable Outcomes: 2 + 2 + 4 = 8 (Excluding 5 squares)

A sqaure is not chosen first, which means that any shape of the rest of 8 shapes can be chosen

so eq 1 becomes

P = [tex]\frac{8}{13}[/tex]

Someone help me please.

Answers

priscilla's family drove (135 + 40) = 175 miles in total

clifton's family drove half as far......175/2 = 87.5 (or 87 1/2) miles 

so ur numerical expression is : (135 + 40) / 2 <== clifton's distance

P=(135+40)
C= P halved.

Sophia has read 75 pages in a 250-page book. What percent of the book has Sophia read?

Answers

she has read 75 of 250 so 75/250= 0.3

To turn that into a percent move the place marker in front of the zero, and add the place mark.

She has read 30%
30% is the answer to the problem

The preventative maintenance plan for your automobile is $896. If you were required to replace your water pump and starter for $316 and $443, respectively, how much did the repairs cost you?

A. $896 (Would the maintenance plan cover it so it would just be 896?)

B. $316

C. $661

D. $1,655

Answers

I believe you want D.

Yeah its tricky but thats is what i belive is the best

Answer:

Option A is correct because the maintenance plan covers the cost of repair.

Step-by-step explanation:

We are supposed to replace  water pump and starter for $316 and $443, respectively.

So, total cost = [tex]316+443[/tex]

                     = $759

Since we are given that the preventative maintenance plan for your automobile is $896.

The total cost of repair is under the maintenance plan .

So, the answer is $896.

Option A is correct because the maintenance plan covers the cost of repair.

the coffee pub has cans of coffee that weight 3 1/4 pounds each. the pub has 8 1/2 cans of coffee left. What is the total weight of 8 1/2

Answers

To find the answer we must multiply the weight of one Can (3 1/4) with the amount of cans (8 1/2).

3 1/4 x 8 1/2 = 27 5/8

The total weight of 8 1/2 cans is 27 5/8 pounds.

To find the total weight of 8 1/2 cans of coffee, multiply the weight of each can by the number of cans. The total weight is 27 1/2 pounds.

The total weight of 8 1/2 cans of coffee can be found by multiplying the weight of each can (3 1/4 pounds) by the number of cans left (8 1/2).

3 1/4 pounds x 8 1/2 = 27 1/2 pounds

Therefore, the total weight of 8 1/2 cans of coffee is 27 1/2 pounds.

what is the scientific notation of 97,700,000,000,000,000,000

Answers

the answer is. 9.8 x 10^18
The answer would be 9.77 x 10^19. I hope this helps love! :)

Answer this question please. (It shows the question in the picture)


A). B). C) D)

Answers

I think A. is the answer.
Answer A. Because it increases

an angle measures 16 degrees less than three times its supplement find the measure of the angle

Answers

3x-16 is the expression used
Other Questions
Give an example of when you would make a frequency table to solve a problem. How did the Mughal Empire promote religious tolerance in the territories it controlled? What is the expression using summation notation of 0.4(1/2+1/2.4+1/2.8+1/3.2+1/3.6)? PLZ HELP ME THIS IS HARD FOR ME1. Which BEST explains why Minoan civilization was able to develop its rich culture?a. Its advanced war technology and tactics helped it conquer most of its neighbors and plunder their wealth and culture.b. Its island location and trading activities allowed it to acquire ideas and technology from other civilizations.C. Its abundant agriculture helped it become a food exporter, which led to great wealth.d. Its extensive mining activities, especially gold and silver, attracted many scholars to Crete. 2. What other cultures influenced Minoan civilization?a. the Egyptian and Mesopotamian civilizationsb. the French and British civilizationsc. the Phoenician and Babylonian civilizationsd. the Roman and the Mongol civilizations 3. Why did the Mycenaeans come to power in the mainland and Crete?a. They had the most advanced culture.b. They inherited power from Minoans.c. Their markets were the most prosperous.d. They invaded and conquered the lands. 4. According to the text, what are some of the values apparent in the Iliad and the Odyssey?a. equality, liberty, and justiceb. humor, hospitality, and humilityc. honor, courage, and eloquenced. materialism, literacy, and artistry 5. According to Greek legend, what sets off the Trojan War?a. The goddess Athena competes with the goddess Aphrodite.b. The Trojan Paris kidnaps Helen, wife of a Greek king.c. The Greek Odysseus stops worshiping Greek gods.d. The Trojan Hector does battle with the Greek Achilles. The equation of a line given two points needs to be found. Samuel claims that slope-intercept form will generate the equation and Helena claims that point-slope form will find the equation. Who is correct? Explain your reason by describing both forms. Sunflowers grown in the Midwest are a source of Russia mainly uses the sea to transport its goods. true or false and why An entity that buys goods and sells them to consumers at a markup is a ________. identify two mass balance equations for NaOCl a. [Na+]b. [OCl-]c. [Na+] + [OCl-]d. [OCl-] + [HOCl]e. [Na+] + [HOCl] Which detail from Thomas Edison: The Master of Improvement explains why Swans lightbulb failed to be successful? WILL MARK BRAINLIEST AND THANKS | PLEASE HELP ASAPWhich of these is a similarity between a polar and a subtropical jet stream? Both bring in cool air from the poles. Both are formed at latitudes close to the poles. Both are formed at latitudes close to the equator. Both are formed at the boundary of warm and cool air masses. Which option is an example of a physical property? 1.Flammability 2.pH 3. toxicity 4.freezing point Jupiter has a gravity of 2.9, what would your weight be on Jupiter if you weighed 84 lbs on Earth? Which major event sparked the first argument over national supremacy versus states' rights? If you are looking for a material that is a good conductor, you will look for a material that will (2 points)readily accept neutron flow.resist neutron flow.readily accept electron flow.resist electron flow. How does hale contribute to the emotional fever of the end of the act, when the girls begin naming individuals who were seen with the devil? 2.654 2.564 2.065 2.465greatest to least Fat prevents protein from being burned for energy so that protein can do its own important jobs. Math : powers , help me !!! a cleaning service order 7 large bottles and 5 small bottles of cleaning products each large bottle has 122 Oz each small bottle has 68 Oz which is the best estimate of the total amount of cleaning products that cleaning service orders Steam Workshop Downloader