10. A new bank customer with $3,000
a money market account. The
wants to open
simple interest rate of 1.1%.
bank is offering a
a. How much interest will the customer earn in
20 years?
b. What will be the account balance after
20 years?

Answers

Answer 1

Answer:

a. $660

b. $3660

Step-by-step explanation:

a. 1.1% = 1 years

   22% = 20 years

22% = 0.22

Take 3000 times 0.22 = $660

So, they will earn $660 interest in 20 years

b. $3000 + $660 = $3660

$3660 is their account balance after 20 years


Related Questions

Movers are filling the truck below with cube shaped boxes. If each box has edge lengths of 12 yard, how many total boxes will fit in the truck? L: 3 1/2 yds W: 5 yds H: 2 1/2 yds

Answers

Answer:

14boxes

Step-by-step explanation:

Given the following

Length of truck: 3 1/2 yds

Width of truck: 5 yds

Height of truck: 2 1/2 yds

Volume of truck = Length * Width * Height

Volume of truck = 3 1/2 * 5 * 2 1/2

Volume of truck = 7/2 * 5 * 5/2

Volume of truck  = 7/4 cubic yards

For each box

Length L = 1/2 yd

Volume of each box = 1/2 * 1/2 * 1/2

Volume of each box = 1/8 cubic yds

Since 1 box = 1/8 cubic yds

x box = 7/4 cubic yds

Cross multiply

1/8x = 7/4

Cross multiply

4 * x =   7 * 8

4x = 56

x = 56/4

x = 14

Hence the total boxes that can fit in the trunk is 14boxes

What is the value of (–7 +31) - (2-61)?

Answers

-9+9i

Hope this helped :T

The number of butterflies in an exhibit is decreasing at an exponential rate of decay. The number of butterflies is decreasing by 5% every year. There are 500 butterflies in the exhibit right now. How many butterflies will be in the exhibit in 7 years? Round your answer to a whole number.

Answers

Answer:

349 butterflies

Step-by-step explanation:

The formula for Exponential Decay =

y = a(1 - r)^t

Where y = Size of population after time t = ?

a = Initial size of population = 500

r = Decay rate = 5%

t = Time = 7 years

Hence,

y = 500(1 - 0.05)⁷

y = 500(0.95)⁷

y = 349.16864805 butterflies.

Approximately = 349 butterflies

find the perimeter:

The answer choices are down below:

80.8m or 91.7m.

Answers

Perimeter of the shape is =sum of all the side

Perimeter =16.2+7.5+18+12+18+7.5

Perimeter =79.2

Perimeter

Answer:

perimeter=12+18+18+7.5+7.5+16.2

=79.2m

Write an equation and find missing angle . 6x ° and 30 °​

Answers

6x+30=180

6×=180-30

×=150/6

×=25

6x=6×25=130

Please help and thank you

Answers

Answer:

D

Step-by-step explanation:

Israel has a total of 25 coins in his pocket - they are
all quarters and dimes. The value of the coins are
$3.85. How many quarters and dimes are in Israel's
pocket?
X - quarters
y - dimes

Answers

Answer:

15x 1y

Step-by-step explanation:

im smart

What is the distance between the points (-5, 9) and (4, 9) on the coordinate plane? 9 9 1 1 10 10 90

Answers

Answer:

9 units

Step-by-step explanation:

Given: Two points on a coordinate plane are [tex](-5,9),\,(4,9)[/tex]

To find: distance between points [tex](-5,9),\,(4,9)[/tex]

Solution:

According to the distance formula,

Distance between points [tex](a,b)[/tex] and [tex](c,d)[/tex] is equal to [tex]\sqrt{(c-a)^2+(d-b)^2}[/tex]

Take [tex](a,b)=(-5,9),\,(c,d)=(4,9)[/tex]

Therefore,

Distance between points [tex](-5,9),\,(4,9)[/tex] [tex]=\sqrt{(4+5)^2+(9-9)^2}[/tex]

                                                               [tex]=\sqrt{(9)^2}[/tex]

                                                               [tex]=9[/tex] units

What is the sum?
Thank you!

Answers

Answer:

50 is the sum

Step-by-step explanation:

-10+20=10

10+-40=-30

-30+80=50

I only need the explanation

Answers

Step-by-step explanation:

start with bracket,4 + 8=12

1/2×12=6

if the diamter of the sun is 16cm, what is the area

Answers

201.06cm²  

Hope this helps.

Help??? The answer I put was an accident and I can’t take it away

Answers

Answer:

try clicking on another option?

Sumeet bought a few fidget spinner and divided it equally among six of his friends and his sister, Jasmine. While playing, Jasmine lost 2 fidget spinners and has only 12 fidget spinners at present. Find how many fidget spinners did Sumeet buy in all.

Answers

Answer:

Yes

Step-by-step explanation:

Ye yes yes =yes yes hes

Maribel pidio 100 refrescos a una tienda,los de naranja se los vendieron a $35.00 y los de cola a $38.00 si pago en total $3620 cuantos refrescos de naranja pideo

Answers

Answer:

the number of orange sodas be 60

Step-by-step explanation:

Let us assume the orange ones be x

And, the cola ones be y

Now according to the question

x + y = 100

y = 100 - x.........(1)

35x + 38y = $3,620........(2)

Now put the value of equation 1 in equation 2

So,

35x + 38(100- x) = 3620

35x + 3800 - 38x = 3620

-3x = -180

x = 60

Hence, the number of orange sodas be 60

HEY THERE! PLS HELP ME WITH THIS MATH QUESTION- AN EXPLANATION WOULD BE GREAT! THE CORRECT ANSWER SHALL BE MARKED AS BRAINLIEST AND ACHIEVE 10 POINTS! THANKS :)

xoxo

Answers

Answer:

I might be wrong but I think it's 180 millimeters.

Step-by-step explanation:

4cm times 5cm times 9cm = 180 millimeters

1. 4cm times 5cm = 0.002 m^2

2. 0.002 m^2 times 9cm = 180 millimeters

Hopes this helps. If not please tell me. I will try to improve.

Write the absolute value equations in the form |x-b|=c(where b is a number and c can be either number or an expression) that have the following solution sets:
One solution: x=15

Answers

Answer:

|x-15|=0

Step-by-step explanation:

Obviously.

Answer:

|x-15|=0

Step-by-step explanation:


What will be the 7th term in the sequence
Enter your answer as a fraction.

Answers

Answer:

1/32

Step-by-step explanation:

You plug 7 for n and solve in calculator.

Answer:

1/128*4= 0.03125

Step-by-step explanation:

We can simplify the formulas to get 1/2^n *4. Substitute 7 for n and you get your answer.

What is the equation of the line that has a slope of 0 and passes through the point (6, -8)?

Answers

Answer:

your answer will be J. Y=-8

Step-by-step explanation:

Y=mx+b (6, -8)

(-8)= 0(6) +b

(-8)= 0+b

(-8)= b

Y=0(6)-8

y=-8

I need help with these question! Please do step by step :)

Answers

Answer:

Number of bags of chocolate chip cookies = x = 0.133 bags

Number of bags of walnuts = 7.7 bags

Step-by-step explanation:

Chocolate chip cookies = 12oz per bag = $3

Walnuts = 4oz per bag = $2

She need 3 pounds of Chocolate chip cookies and Walnuts

Let us represent

Number of bags of chocolate chip cookies = x

Number of bags of walnuts = y

She need 3 pounds of Chocolate chip cookies and Walnuts

Hence,

We have to convert oz (ounces) to pounds

For chocolate chip cookies

1 oz = 0.0625 pound

12 oz = x

Cross Multiply

x = 12 × 0.0625 pound

x = 0.75pound

For Walnuts

1 oz = 0.0625 pound

4 oz = x

Cross Multiply

x = 4 × 0.0625 pound

x = 0.25pound

Hence,

0.75 pound = $3

0.25 pounds = $2

She can only spend $15

Chocolate chip cookies = 12oz per bag = $3

Walnuts = 4oz per bag = $2

Hence,

0.75x + 0.25y = 3..... Equation 1

3x + 2y = 15.... Equation 2

Multiply Equation 1 by 2 and Equation 2 by 0.25

1.5x + 0.5y = 3... Equation 3

1.5x + 4y = 30.... Equation 4

Subtract Equation 3 from 4

3.5y = 27

y = 27/3.5

y = 7.7 bags

Solving for x using Equation 2

3x + 2y = 15.... Equation 2

3x + 2(7.7) = 15

3x + 15.4 = 15

3x = 0.4

x = 0.4/3

x = 0.133 bags

Number of bags of chocolate chip cookies = x = 0.133 bags

Number of bags of walnuts = 7.7 bags

work out how many degrees ​

Answers

I would help but your picture doesn’t show what December is!

PLEASE HELP ASAPPP ILL MARK BRAINLY IF CORRECT

Answers

Answer:

I don't really understand this problem from the picture but here is some tips-

Step-by-step explanation:

Because the domain refers to the set of possible input values, the domain of a graph consists of all the input values shown on the x -axis. The range is the set of possible output values, which are shown on the y -axis.

Use the picture attached. Sorry for not answering the exact question!

Can I get brainliest?

definition of interest

Answers

Interest :
the state of wanting to know or learn about something or someone.

money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

what would be the ending bank balance?

Answers

It’s F the first one

I NEED HELP ASAPPP NO LINKS PLSS​

Answers

Answer:

heyy! im reaaally sorry if its wrong but I think its c, f, d

brainliest? :)

Step-by-step explanation:

Answer:

7= D

8= F

9= C

Step-by-step explanation:

7. x - 3 [tex]\leq[/tex] 7

     +3     +3

x [tex]\leq[/tex] 10

8. 3b < 18

   /3       /3

    b < 6

9. [tex]\frac{y}{3}[/tex] > 9

  *3    *3

 y > 27

10- 12 I am so sorry, but I don't understand these functions lol

HELPPPPP
CAN ANYBODY TELL ME IF 3.375 IS THE ANSWER

Answers

yeah i think that’s right im sorry if not

I NEED HELP ASAP I WILL GIVE BRAINLIST
A camera has a listed price of $553.98 before tax. If the sales tax rate is 7.5%, find the total cost of the camera with sales tax included. Round your answer to the nearest cent, as necessary.

Answers

519.99(.0825) = 42.899

519.99 + 42.899 = $562.89

Answer:

Sales tax---> 553.98 x 0.075= 41.5485

Total---> 553.98 + 41.5485= 595.5285

Round to nearest tenth---> 595.53 is your answer

HELP ME angle-angle similarity

Answers

EBK THE ANSWER IS Y O U R M O M I S G A Y

Which of the following equations represents this statement

Answers

Answer: 5n = 35

Step-by-step explanation:

The product of a number n and the number 5 is 35. This statement can be formed into an equation as:

n × 5 = 35

5n = 35

The equation is 5n = 35

If we want to get the value of the number, it'll be:

5n = 35

n = 35/5

n = 7

The number is 7

Please help me with this. I don't know how I can thank you, but I need this ASAP. More questions coming.

Answers

Answer:

The answer you have marked is correct

Step-by-step explanation:

The angles added together equal 360

Write an expression that represents the perimeter of a trapezoid with side lengths z+5,8z-10, 4z+9, and 3z-6

Answers

Answer:

Perimeter = (16z - 2)

Step-by-step explanation:

Perimeter of a polygon = sum of the lengths of all sides of the polygon

Sum of all sides of the trapezoid = (z + 5) + (8z - 10) + (4z + 9) + (3z - 6)

By adding like terms,

Perimeter of the trapezoid = ( z + 8z + 4z + 3z) + (5 - 10 + 9 - 6)

                                            = 16z - 2

Therefore, expression representing the perimeter of the trapezoid will be,

(16z - 2)

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