Carmelo puts $2,200.00 into savings bonds that pay a simple interest rate of 3.4%. How much money will the bonds be worth at the end of 5.5 years?

Answers

Answer 1
Hello there! So, the first thing we do when solving these types of problems is to find the interest rate. Because this is simple interest, the amount earned will be constant. The formula for this is I = prt. The principle is the $2,200. The rate earned per year is 3.4%. 2,200 * 3.4% (0.034) is 74.80. That's $74.80 worth of interest each year. The amount of time is 5.5 years. 74.8 * 5.5 is 411.4. Carmelo will earn $411.40 worth of interest in 5.5 years. However, that's not all. We are looking for the total amount of his bonds, which means add the interest and his initial amount in the bank. 2,200.00 + 411.40 is 2,611.4. Carmelo's saving bonds will be worth $2,611.40 at the end of 5.5 years.
Answer 2

The bonds will be $2611.40 at the end of 5.5 years.

What is simple interest rate?

Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

Simple interest rate formula

F.V = [tex]P.V (1+rt)[/tex]

F.V = Final value

P.V = Principal value

Given

Principal value P.V = $2200.00

Rate r = 3.4%

Time t = 5.5 years

Simple interest rate formula

F.V = [tex]P.V (1+rt)[/tex]

F.V = [tex]2200(1+3.4 \% \times 5.5)[/tex]

F.V = [tex]2200(1+0.034 \times 5.5)[/tex]

F.V = 2200 × 1.187

F.V  = 2611.40

Hence,

The bonds will be $2611.40 at the end of 5.5 years.

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Related Questions

A dress is 10 marked down by 20% and placed on a clearance rack on which is posted a sign take an extra 40% off already reduced merchandise. What fraction of the original price is the final sales price of the dress?

Answers

The answer would be $4.80

The final sales price of the dress is a fraction 12/25 of the original price after successive discounts of 20% and 40%.

To determine the final sales price of the dress after multiple discounts, we can apply each discount successively. Let's assume the original price of the dress is $10, as mentioned in the premise, although this might be a typo or an example figure since a dress would typically cost more.

First discount: 20% off the original price, which is 0.20 x 10 = $2. So the new price after the first discount is $10 - $2 = $8.

Second discount: An additional 40% off on the already reduced price of $8. The additional discount is 0.40 x 8 = $3.20. Therefore, the final sales price after the second discount is $8 - $3.20 = $4.80.

To find the fraction of the original price that the final sales price represents, we divide the final price by the original price: $4.80 / $10 = 0.48. Thus, the fraction of the original price is [tex]\frac{48}{100}[/tex] or 24/50 after simplification, which further simplifies to  12/25

Evaluate 10s 3t for s = 3 and t = 7.

Answers

all you're doing is plugging in the number where the variable is, when theres no space between them, its multiplication . - 10x3x3x7 = 630. 

if z=2 what is z+6? This is a practice question.

Answers

The answer to your question is 8, because you replace z with 2
z+6 would be 2+6=8 because you put the two in the place of z.

What is the slope of the graph?

Answers

The slope is -2.

Slope is the change in y divided by the change in x between any two points on the line.
1.Pick two points on the line and determine their coordinates.
2.Determine the difference in y-coordinates of these two points (rise).
3. Determine the difference in x-coordinates for these two points (run).
4. Divide the difference in y-coordinates by the difference in x-coordinates (rise/run or slope)

Another recipe mr c likes is for a chocolate chip pancakes the recipe calls for 3/4 of a cup of chocolate chips, 1/6 of a cup of butter and 3 eggs if he decides to make pancakes for his whole family using five cups of chocolate chips how many cups of butter and how many eggs would he need do that they still taste the same

Answers

How many people are in his family?
Tell me then I could solve. :)

100 POINTS IF YOU ANSWER CORRECTLY Rotate these coordinates 180 around the origin and then translate 6 units to the left.

Answers

Original Coordinates: (-2, -8) (-6, -8) (-11, -1) (-7, -3)

A 180 degree rotation around the origin flips the signs of x and y, so you get:

(2, 8) (6, 8) (11, 1) (7, 3)

Then a translation to the left 6 units just subtracts 6 from all the x values:

(-4, 8) (0, 8) (5, 1) (1, 3)

Those are your points! Hope this helped!

Hello!


When you flip the coordinates and move them 6 units to the left your coordinates would be: (-4, 8) (0, 8) (5, 1) (1, 3)

line r is parallel to line t. find m<6. The diagram is not to scale

Answers

m <3 + 138 =190
so m<3 = 180 -138 = 42
r ans t are parallel so m<3 = m<6 then m<6 = 42

answer C.42

0.249 in expanded form

Answers

Final answer:

The expanded form of the number 0.249 is the sum of each digit multiplied by its place value, which is 0.2 + 0.04 + 0.009.

Explanation:

The question asks to write the number 0.249 in expanded form. The expanded form of a number is the sum of each digit multiplied by its place value. For the number 0.249, the expanded form is:

2/10 + 4/100 + 9/1000

This can also be written as:

0.2 + 0.04 + 0.009

Breaking down the number 0.249 into its decimal place values helps one understand how each digit contributes to the overall value of the number.

The country fair charges $8.50 to get in and $2 per ride. If you have $50.50 in your pocket, write an equation to find out how many rides you can go on.

Answers

50.50 - 8.50 = 42.00 divded by 2.00 = 21 rides
(50.50-8.50)/2=x

There are many different ways to write this, but this was the first to come to mind, and easiest to understand.


Which choice represents the best rational approximation for 35?

A) 5.9
B) 6.2
C) 6.7
D) 7.1

Answers

a) 5.9 
because when you square 35 it comes up as 5.916
I would say 7.1 or D.  Though, if we are rounding, the answer might be 6.7, or C.

In the theory we are rounding to the nearest whole number;
A: 5.9, would be closer to 6 and 6 does not multiply into 35
B: 6.2, would be six, and would not multiple to 35
C: 6.7, would round to 7 and 7 fits into the multiple of 35
D: 7.1, Would round to 7, and fits into multiple of 35. 

I hope this helps! 

Please help me simplify complex fractions

1/5/3/4

Answers

the answer is 4/15 decimal form is .26 and six repeates

1/5 reciprocal the second fraction to 4/3
1/5 ( 4/3) = 4/15

What's 5258 divided by 47

Answers

The answer of
5258/47 is 111.872
Final answer:

The answer to the question 5258 divided by 47 is approximately 111.87. This is solved using the mathematical operation of division.

Explanation:

To solve the question 5258 divided by 47, we need to use the division operation. Division is one of the four basic operations in mathematics, along with addition, subtraction, and multiplication. In this case, we are dividing 5258 (the dividend) by 47 (the divisor).

Step 1: Start by placing 5258 under the division bar and 47 outside to the left.

Step 2: Divide 5258 by 47. This may be done manually, or by using a calculator. The answer you get is approximately 111.87 when rounded off to the nearest hundredth.

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Make a conjecture given that points A,B,C are collinear and AC+ CB=AB

1. C is between A and B
2. A is between B and C
3. B is between A and C
4. ABC is equilateral

Answers

The points A, B and C are collinear and AC + CB = AB.
From that, we can conclude that C is between A and B. Because if you split AB, C will appear (AB = AC + CB).

Hope this helps! :)
Final answer:

The points A, B, C cannot be both collinear and form an equilateral triangle simultaneously. This is proven by applying the Pythagorean theorem and trigonometry laws for triangles, which show that the distances and angles do not match the requirements for an equilateral triangle if the points are collinear (on a straight line).

Explanation:

Given that points A,B,C are collinear and you've stated a variety of scenarios about the positioning of these points. Combining all these restrictions, however, leads to a contradiction. An equilateral triangle's points cannot all be collinear as you've mentioned in your last point. A collinear set of points exists on the same straight line. The points of an equilateral triangle do not fall on the same line. Therefore, it's impossible for points A,B,C to be collinear and also form an equilateral triangle ABC.

Applying the Pythagorean theorem to the positions of these points, we see that the distances on the sides of the triangle will not be equivalent if they are positioned in a straight line. Similarly, with the use of trigonometry laws for triangles, such as the ones for vector equations, the same result is found. The vector equations for collinear points lack the trigonometric components found in equilateral triangles.

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If you divide a fraction by 1/2, and the result was a mixed numbers. Was the original fraction less or greater than 1/2

Answers

It was greater than 1/2 because in order for a number to increase value, it has to be multiplied by a number greater than 1.

Hope this helps!

jane has 2 apples john takes one of her apples how many apples does jane have left

Answers

She had two and John took away one so you would do  2-1 = 1

This means Jane only has 1 apple left.


Fabio and Carlos play on a basketball team together. In the last game, Fabio had 7 points less than 2 times as many points as Carlos. Fabio scored points in the game. what is the expression (what is the numeric form) in this equation?

Answers

7x minus 2 equal 14. Expression

Your job pays $6 per hour. Write a variable expression for your pay in dollars for working h hours. What is your pay if you work 30 hours? (A) 6; $174 (B) 6h; $180 (C) 6h; $186 (D) 7h; $180

Answers

The answer is B. 6h shows you earn $6 per hour, and 30 hours x $6 is $180.

Answer:

(B) 6h; $180

Step-by-step explanation:

Let h represents the number of hour.

Given,

Payment for an hour = $ 6,

So, the payment for h hours = 6h dollars,

Where, h is a variable.

Thus, the required variable representation is 6h.

If h = 30,

Thus, the total payment for 30 hours

= 6 ( 30 )

= $ 180

Hence, option B is correct.

what multiplication expression can you use to solve 2 divided by 8 4/5?

Answers

2*(5/44)

Dividing fractions means take the reciprocal of the second fraction then multiply
Find the reciprocal of 8 4/5
44/5 becomes 5/44
Then multiply by 2

Baseball cards come in packages of 8 and 12. Brighton bought some of each type for a total of 72 baseball cards. How many of each package did he buy?

Answers

3 packs of 8 and 4 packs of 12.

3 x 8 = 24
4 x 12 = 48

24 + 48 = 72
Depending on weather it is a package of 8 or 12 if it were 8 then he would need 12 packages because 8 times 12 is 72 and if it were 12 he would need 8 because 12 times 8 is still 72.

If the pattern is 3ª¯², what is the value if a = 5?

Question 5 options:

81


27


9


3

Save

Answers

27 because 2-5=3 and 3^3 is 27

Please be 100 correct! I'll give brainiest to who's correct.

Answers

A = L*W
A = 6.75 * 4.5
A = 30.375

answer
D. 30.375 in^2

------------------
A = L*W
A = 9 * 14
A = 126

answer
C. 126 ft^2
You find the area of a rectangle by multiplying the length times the height, so for the first one it would be 4.5×6.75, and that’s 30.375.

The answer for the first one is 30.375 inches squared.

Then we do the same for the second one, 14×9. That gives us 126.

The answer for the second one is 126 feet squared. 

Two buses are traveling to a state park. One bus leaves the terminal at 4:00 p.m. and travels at 40 miles per hour. The second bus leaves the terminal at 5:00 p.m. and travels at 60 miles per hour. How much time passes until the second bus catches up with the first bus?

Answers

The 2nd bus will catch up to the 1st bus after 2 hours. For this problem, the value t will be the time since the 2nd bus started traveling. So let's create a couple of expressions to indicate the distance each bus travels at time t First bus is traveling at 40 mph and has a 1 hour head start, so it has a 40 mile lead. The distance traveled at t time is 40t + 40 The second bus is traveling at 60 mph, so its equation is 60t Now let's set the two equations equal to each other and solve for t 40t + 40 = 60t 40 = 20t 2 = t So the 2nd bus will catch up to the 1st bus after traveling for 2 hours.
Was 2 the correct answer?

A house and a lot are appraised at $158,100. If the value of the house is five times the value of the lot, how much is the house worth?

Answers

h=price of house
s=price of lot

h+s=158,100
h=5s

(5s)+s=158,100
6s=158,100
s=26,350

h=5(26,350)
h=$131,750

logan mader 4 stacks of wooden blocks, the first tackswas 6 blocks tall,the second stacks was 2 blocks taller than the first, the third stack was 2 blocks shorter than the second stack, and the last stack was 10 blocks taller than the third stack. how many blocks did loganuse in all?

Answers

25
 because why not use it all????/??/?/??///

A thermostat is set so that the temperature in laboratory freezer stays within 2.5 degrees F of 2 degrees F. Write and solve an absolute value equation to find the maximum and minimum temperatures in the freezer.

Answers

The absolute value gives the positive value of any given number inside the symbol. The absolute equation is,
 
                 2.5 = I d - 2I

The values of d can be calculated through,
      2.5 = d - 2 
          d = 4.5

Also,
     -2.5 = d - 2
      -2.5 + 2 = d 
      d = -0.5

Thus, the maximum value of the temperature is 4.5 and the minimum value of the temperature is -0.5. 

the temperature at noon was -27 degrees . the temperature increased by 13 degrees by 2pm . what was the temperature at 2pm

Answers

First, you would create an equation for this problem. 
-27 + 13

Now, all you would have to do is solve it. 
-27 + 13 = -14

By 2 pm the temperature was -14 degrees. 

I hope this helps!
-14 degrees.

-27 + 13 = -14

Write each Percent as a decimal and as a mixed number or fraction in simplest form

Answers

[tex] p\%=\dfrac{p}{100}\\\\225\%=\dfrac{225}{100}=2\dfrac{25}{100}=2.25=2\dfrac{1}{4}\\\\550\%=\dfrac{550}{100}=\dfrac{55}{10}=5\dfrac{5}{10}=5.5=5\dfrac{1}{2}\\\\0.8\%=\dfrac{0.8}{100}=\dfrac{0.8\cdot10}{100\cdot10}=\dfrac{8}{1,000}=0.008=\dfrac{1}{125}\\\\0.06\%=\dfrac{0.06}{100}=\dfrac{0.06\cdot100}{100\cdot100}=\dfrac{6}{10,000}=0.0006=\dfrac{3}{5,000}[/tex]

Jared used 1 2/5 bags of soil for his garden. He is digging another garden that will need 1/5 as much soil as the original. How much will he use total?

Answers

Need to find 1/5 of 1 2/5 so 1 2/5 times 1/5 =  1 2/25 
Now we add 1 2/5 + 1 2/25 = 2 12/25
Now add 1 2/5 + 2 12/25 =  3 (22/25)

Answer:

[tex]1\frac{17}{25} \\[/tex] bags

Step-by-step explanation:

Number of bags used by Jared for his garden

[tex]= 1\frac{2}{5} \\= \frac{7}{5}\\[/tex]-------------------------- Eq (A)

Number of bags of soil required for new garden

[tex]= \frac{1}{5} * \frac{7}{5} \\= \frac{7}{25} \\[/tex]-------------------------- Eq (B)

Total number of bags that will be used

[tex]= Eq (A) + Eq (B)\\= \frac{7}{5} + \frac{7}{25} \\= \frac{42}{25} \\= 1 \frac{17}{25}[/tex]

approximately 9 out of 10 smokers began smoking before the age of 21. In a group of 400 smokers, about how many of them started before they reached their 21st birthday?

Answers

Greetings!

You can create an equation to solve for x:
[tex]9/10=x/400[/tex]
Cross Multiply.
[tex]9*400=10*x[/tex]
[tex]3600=10x[/tex]
Divide both sides by 10.
[tex](3600)/10=(10x)/10[/tex]
The Answer Is:
[tex]360=x[/tex]


Out the 400 smokers, approximately 360 of them started smoking before age 21.

Hope this helps.
-Benjamin

There are 360 smokers in group of 400 smokers began smoking before they reached their 21st birthday.

What is Proportional?

Any relationship that is always in the same ratio and quantity which vary directly with each other is called the proportional.

Given that;

Approximately 9 out of 10 smokers began smoking before the age of 21.

Now,

Let number of smokers in group of 400 = x

Since, approximately 9 out of 10 smokers began smoking before the age of 21.

Hence, Number of smokers in group of 400 is,

⇒ 9 / 10 = x / 400

Solve for x as;

⇒ 9 × 400 / 10 = x

⇒ 9 × 40 = x

⇒ x = 360

Thus, There are 360 smokers started before they reached their 21st birthday.

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An online retailer sells two packages of protein bars. Package 10−pack of 2.3 ounce bars 12−pack of 1.6 ounce bars Cost ($) 17.35 16.97 Which package has the better price per bar?

Answers

I heard that before, where did you see that, and 10 packs

Answer:

Package 10−pack of 2.3 ounce bars has the better price per bar

Step-by-step explanation:

Case 1) Package 10−pack of 2.3 ounce bars Cost ($) 17.35

Cost of Package 10−pack of 2.3 ounce bars = 17.35

Cost of Package 1−pack of 1 ounce bars = [tex]\frac{17.35}{10 \times 2.3}[/tex]

                                                                   = [tex]0.7543[/tex]

2)  12−pack of 1.6 ounce bars Cost ($)16.97

Cost of Package 12−pack of 1.6 ounce bars = 16.97

Cost of Package 1−pack of 1 ounce bars = [tex]\frac{16.97}{12 \times 1.6}[/tex]

                                                                   = [tex]0.8838[/tex]

Hence  Package 10−pack of 2.3 ounce bars has the better price per bar

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