5. You deposit $300 in an account Urat pays 1.48% annual interest. What is the balance after 1 year if the

Mathematics

1 answer:

kirill [66]1 year ago

8 0

Answer:

The correct option is (A) $304.47.

Step-by-step explanation:

The formula to compute the future value (FV) of an amount (A), compounded daily at an interest rate of r%, for a period of n years is:

$FV=A\times [1+\frac{r\%}{365}]^{n\times 365}$

The information provided is:

A = $300

r% = 1.48%

n = 1 year

Compute the future value as follows:

$FV=A\times [1+\frac{r\%}{365}]^{n\times 365}$

$=300\times [1+\frac{0.0148}{365}]^{365}\\\\=300\times (1.00004055)^{365}\\\\=300\times 1.014911\\\\=304.4733\\\\\approx \$304.47$

Thus, the balance after 1 year is $304.47.

The correct option is (A).

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Nat2105 [25]

Answer: $\bold{9)\ \sin \theta=\dfrac{1}{3}\qquad 10)\ \sin \theta = \dfrac{4}{5}\qquad 11)\ \cos \theta = \dfrac{\sqrt{11}}{6}\qquad 12)\ \tan \theta = \dfrac{17\sqrt2}{26}}$

Step-by-step explanation:

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Note: 4² + (8√2)² = hypotenuse² → hypotenuse = 12

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Note: 12² + opposite² = 20² → opposite = 16

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2 years ago

A financial advisor tells you that you can make your child a millionaire if you just start saving early. You decide to put an eq

Blababa [14]

Answer:

$12159 per year.

Step-by-step explanation:

If I invest $x each year at the simple interest of 7.5%, then the first $x will grow for 35 years, the second $x will grow for 34 years and so on.

So, the total amount that will grow after 35 years by investing $x at the start of each year at the rate of 7.5% simple interest will be given by

$x( 1 + \frac{35 \times 7.5}{100}) + x( 1 + \frac{34 \times 7.5}{100}) + x( 1 + \frac{33 \times 7.5}{100}) + ......... + x( 1 + \frac{1 \times 7.5}{100})$