A certain bank pays 3.4% interest per year for a certificate of deposit, or
CD. What is the total balance of an account after 18 months with an initial
deposit of $1,250?

a. 765$
b. 2,015$
c. 63.75$
d. 1,313.75$

Answers

Answer 1
STEP BY STEP

A = $1,313.75

Equation:
A = P(1+rt)

Calculation:

First converting R percent to R a decimal
R = r/100 = 3.4%/100 = 0.034 per year.

Putting time into years for simplicity,
18 months / 12 months/ year = 1.5 years

Solving our equation:
A = 1250(1+[0.034 * 1.5]) = $1,313.75

The total amount accrued, principal plus interest, from simple interest on a principal of $ 1,250.00 at a rate of 3.4% per year for 1.5 years (18 months) is $1,313.75

The ANSWER would be

D. $1.31375
Answer 2

$[tex]1,313.75[/tex]  is the total balance of an account after [tex]18[/tex] months with an initial deposit of $[tex]1,250[/tex]

What is balance?

In banking and accounting, the balance is the amount of money owed on an account. In bookkeeping, “balance” is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. When total debits exceed total credits, the account indicates a debit balance.

What is Interest?

In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

According to questions, a certain bank pays [tex]3.4[/tex]% interest per year for a certificate of deposit, or CD.

We have to find the total balance of an account after [tex]18[/tex] months with an initial deposit of $[tex]1,250[/tex]

Total balance can be calculated using the following formula:

[tex]A = P(1+rt)[/tex]

Here [tex]r=\frac{3.4}{100} =0.034[/tex]

         [tex]t=\frac{18}{12} =1.5[/tex]    

So,[tex]A = 1250(1+0.034[/tex]×[tex]1.5[/tex])

        [tex]=[/tex]$[tex]1,313.75[/tex]

Therefore,$[tex]1,313.75[/tex]  is the total balance of an account after [tex]18[/tex] months with an initial deposit of $[tex]1,250[/tex]

Hence, we can conclude that Option(d) is correct.

Learn more about Interest  here:

https://brainly.com/question/21743489?referrer=searchResults

#SPJ2


Related Questions

Please help 15 points and brainliest




Use the table above. What is the probability of choosing a BOY? Give your answer as a Fraction, Decimal, and Percent.

Fraction:
Decimal:
Percent:
Use the table above. What is the relative frequency of GRADUATES? Give your answer as a Fraction, Decimal, and Percent

Fraction:
Decimal:
Percent:
Use the table above. What is the probability of choosing a BOY who GRADUATES? Give your answer as a Fraction, Decimal, and Percent

Fraction:
Decimal:
Percent:

Answers

Answer:

There is no table in your question.

Step-by-step explanation:

i need helpppppp with this

Answers

Answer:

32

Step-by-step explanation:

Subtract 50 - 20 = 32 Sorry not good with math

Answer:

Step-by-step explanation: you need to times the 20 and 52

then rownd to the nerest hundered inch

Check whether the given value of x is a solution to the equation.

(x+4) = 20 where x = 48

Is the given value of x a solution to the equation?

Answers

No, because x=48 and 48+4 is 52 so 52 does NOT sum up to be 20
substitute x into the equation
((48)+4=20
52=20
No it is not, as 58 does not equal to 20

Fill in the blanks to make the equation true. f x h ÷ h = ___ *

Answers

Answer:

f

Step-by-step explanation:

because the h's cancel each other out.

Answer:

f

Step-by-step explanation:

i believe thats right...

The figure shown is a square with a triangular hole cut into one side. The ratio of the height h of the
triangle to a side length of the square is 3 to 4. The ratio of the base b of the triangle to the side length of
the square is 1 to 2. If the area of the square is 16 square inches, what is the area of the shaded part of the
square?
b
h

Answers

50 is the answer to ur question

PLs help me im stuck.....

Answers

The answer is 20 I think so

What is the measure of angle PRQ of the bigger triangle? (Note: The triangles are not drawn to scale.)

Answers

C buddy from what I could come out with

Answer:

c

Step-by-step explanation:

On a coordinate plane, a line goes through (0, 4) and (4, 16). The line representing the first table is shown in the graph. What is the solution to the system of linear equations represented by both tables? 2 tables. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 2, 0, 2, 4. Column 2 is labeled y with entries negative 2, 4, 10, 16. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 2, 0, 2, 4. Column 2 is labeled y with entries 18, 16, 14, 12.

Answers

Answer:

x=3

y=13

Step-by-step explanation:

okay so what that means is that the two equations are y=-x+16 and y=3x+4

so y+x=16

    y-3x=4

so 4x=12 so x=3

y=13 is the solution

Answer:

On a coordinate plane, a line goes through (0, 4) and (4, 16).

The line representing the first table is shown in the graph. What is the solution to the system of linear equations represented by both tables?

2 tables. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 2, 0, 2, 4. Column 2 is labeled y with entries negative 2, 4, 10, 16. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 2, 0, 2, 4. Column 2 is labeled y with entries 18, 16, 14, 12.

✔ (3, 13)

Step-by-step explanation:

The person above me is correct im just showing you guys that they are i just checked

Please help I'll give brainliest to the correct person

Line l is a straight line.

Which statements are true about the angles in the figure? Select two options.

Answers

Answer:

the first one because supplementary means angles which add up to 180 and 180 degrees is a straight line and the third one because they both share the same vertex and side

Step-by-step explanation:

Pls help it is due today

Answers

Answer:

20

Step-by-step explanation:

10 * 2 = 20

Answer:

the input would be 20

Step-by-step explanation:

It is dividing by 2 to get the output so if you need the input, you would multiply by 2

10 times 2 would be 20

Pls help it is due today

Answers

Answer:

2 fruit for every 3 monsters

Step-by-step explanation:

First one, Two fruit for every 3 monsters

I'LL GIVE BRAINLIEST:

C or D

Answers

D? I’m not sure :,)

Answer:

d

Step-by-step explanation:

What is the probability you would spin a number less than 10 and then a number in green?

Answers

two numbers less than 3: 1 and 2. There are 6 total possible results, so the probability of rolling a number less than 3 is
2
6
or
1
3
or
0.3333
.

Which choice is NOT equivalent to 0.71? *
71/100
71%
7/10 + 1/100
0.71%

Answers

I definitely think it’s the last choice
0.71% is not equivalent

What is the probability you would spin a yellow or green space on this spinner?

Answers

Answer:

I'm pretty sure the answer is 4/8 or 1/2

Answer : 89 possibility’s

Explanation:

The possibility is 89 percent because the corners of green spin is always in the corner welled the the down will either go to green or blue of 99 percent tposibility

help or u will not get brainlest

Answers

Answer:

1st Equation: 0.95 x 15  answer if needed: 14.25

2nd Equation: 15 - 0.25 answer if needed: 14.25

Step-by-step explanation:

1st: 100% would be 1, so subtract 0.05 (5%) from that to get 0.95 (95%), then multiply that by the total amount of money (undiscounted)

2nd: Find the original price.  Get the the discount percentage.  Calculate the savings.  Subtract the savings from the original price to get the sale price

what is the graph of the function rule y=1/2x-1

Answers

it should look like this

The graph of the function [tex]y = \frac{1}{2}x-1[/tex] is attached below.

A graph is plotted on the cartesian plane and represents a mathematical function in a geometrical form.

To plot the function [tex]y = \frac{1}{2}x-1[/tex] in the graph, it is needed to obtain a minimum of two points from which the line of this function passes.

Let x = 0 in the function,

[tex]y = \frac{1}{2}\times0-1\\y = 0 - 1\\y = -1[/tex]

Now, put y = 0 in the function,

[tex]0 = \frac{1}{2}x-1\\1 = \frac{1}{2}x\\2 = x\\x = 2[/tex]

The points (0, -1) and (2, 0) pass through the line [tex]y = \frac{1}{2}x-1[/tex].

Now, locate both points on the graph.

Draw a straight line passing through both points.

Thus, the function is plotted.

Learn more about graph here:

https://brainly.com/question/17267403

#SPJ6

Dont know where to get the last point help!!

Answers

Answer:

230 i believe because multiplication

For what value of b, a polynomial in standard form, equivalent to the product of
(X^2-10x+6)(2x+b):

a. Does not contain x^2
b. Has equal coefficients for x^3 and for x

Answers

B the answer is Has equal coefficients for x^3 and for x
i think the answer is b

Order Of operation.


13) A football team completed three passes for 18 yards each and two runs for 12 yards each, but was also assessed four penalties which cost them 5 yards each. Write a numerical expression which would determine how many yards they have gained or lost.

Answers

Answer

18(2)+12(2)-4(5)

36+24-20

60-20

40

Step-by-step explanation:

since they had two-18 yard passes and two 12 yard runs, that's the first part of the expression, and then they had four penalties that cost them 5 yards, and that was the last term. When you simplify, you end up with 40 yards gained.

In math

Passes: 18(2)

Runs: 12(2)

Penalties:4(5)

equation

18(2)*12(2)-4(5)

Hope it helped

18(2)+12(2)-4(5)
Sorry I don’t have an explanation.

A closed circle on the number line means that the number ______________________ a possible solution.

Group of answer choices

is

is not

Answers

Answer:

A closed circle on the number line means that the number is a possible solution.

Step-by-step explanation:

An open circle on the number line means that the number is not a possible solution.

A closed circle on the number line means that the number is a possible solution. Unfalsifiable arguments are referred to as closed-circle arguments.

What is meant by closed circle?

Unfalsifiable arguments are referred to as closed-circle arguments. The supporters of Karl Popper, for instance, point to psychoanalytic theory as an illustration of an ideology rather than a science.

A circle is a spherical shape without boundaries or edges. A circle is a closed, curved object with two dimensions in geometry.

A closed and an open circle. An inequality is said to have less than () or more than (>) when it has an open circle. If the circle is closed, the inequality has a less than or equal to () or greater than or equal to () sign.

Therefore ,  A closed circle on the number line means that the number  is a possible solution.

To learn more about closed circle refer to:

https://brainly.com/question/1462732

#SPJ2

help for a brainliest

Answers

Answer:

I don't know if you remember me but I was wondering

Complete the equation to represent the relationship. Then solve the equation. Drag and drop each term or number into the correct box to complete the equation and solve for x.

Two less than 5 times a number is the same as the number plus 10.

The equation is _ − _ = _ + _

x = ___

Answers

Answer:

66

Step-by-step explanation:

Let the number be  

x

then as per given condition

2  ×  number  −  2  =  number  +  64

2 x  −  2  =  x  +  64

2 x  −  x  =  64  +  2

x  =  66

plzzzzzzzz Hel:p plzzzz i will give brianlest The weight limit on a bridge is 5 tons. A truck that weighs 2,943 pounds breaks down on the bridge. How much more weight (in pounds), can the bridge hold?

Answers

1705 pounds...........
1705 pounds I think!

4. A dog shelter recorded the number of dogs, d, in their care as well as the pounds of dog food, f, the dogs consumed in a day. The table represents the relationship between the number of dogs, d, and the amount of food they ate, f. Name the independent variable and the dependent variable and explain.

Answers

independent variable doesn’t change, dependent variable has a value that depends on another,

hi yall can someone help me, please

Answers

355+(207 +f)=73 I think!

help
giving brainlist

Answers

Answer:

The baker made 10 total muffins on monday

The baker made 30 Blueberry Muffins On Tuesday

Step-by-step explanation:

11. How much longer is the Canada goose egg than the raven egg?
12. How much wider is the turtledove egg than the robin egg?

Answers

2 2/10 is wider and 2 1/5 longer

Answer:

11. 1 1/2

12.  3/10

Step-by-step explanation:

11.

Answer:

=1 1/2

Solution by separating parts

Rewriting our equation with parts separated

=3+2/5−1−9/10

Solving the whole number parts

3−1=2

Solving the fraction parts

2/5−9/10=?

Find the LCD of 2/5 and 9/10 and rewrite to solve with the equivalent fractions.

LCD = 10

4/10−9/10=−5/10

Reducing the fraction part, 5/10,

−5/10=−1/2

Combining the whole and fraction parts

2−1/2=1 1/2

12:

=3/10

Solution by separating parts

Solving the fraction parts

9/10−3/5=?

Find the LCD of 9/10 and 3/5 and rewrite to solve with the equivalent fractions.

LCD = 10

9/10−6/10=3/10

If she would have left the money in the account for another nine months before withdrawing how much interest would the account have earned

Answers

Depends how much is going on each month
Ya what that person said A

12 ≥ ​6(12x​ + 2). help please

Answers

6>6(12x+2)
6>72x+12
6-12>72x
-6>72x
-6/72>x
6/72

Answer:

12 > 72x + 2

Step-by-step explanation:

12 > 6(12x + 2)

12 > 72x + 2

Hope this helps cuz im not really sure what answer your looking for.

Other Questions
The presence of which two characters are used in the chart to classify the bat? Increase 19060 by 9%Answer in 2DP Two _________________ plates are descending (going under) the _________________ plate. How did Caesar change citizenship in the Roman Republic? He allowed women to become citizens. He allowed plebeians to become citizens. He allowed defeated soldiers to become citizens. He allowed people outside the country to become citizens. can you help me please During the Spanish-American War, the U.S. Navy destroyed the Spanish fleet in ManilaBay in the Philippines. The U.S. Congress later voted for annexation of the Philippines.What was one reason for this act of U.S. imperialism? Convert 2.1 A to nanometers Explain how trade enabled the Phoenicians to spread their alphabet throughout cultures of the Mediterranean. Why was this important? El lote rectangular de mi casa tiene 8m mas de profundidad que de frente y para cercalo necesitamos 46m cuales son las dimensiones del lote? PronounsUnderline all pronouns in the sentences below:1)She was really scared of the wicked witch and her loud cackling laugh.2)Everyone thought her house was haunted. It was the oldest house they had ever seen.3)I love to dress up for Halloween in scary costumes. 4)He has the best costume I have ever seen. 5)She gave her extra candy to them. Do you think the constant use of the Internet for almost all information seeking is a good or bad thing? Explain. Help me!!!!!!!!!!!!!!!!!!!!!!!1 When was the Roman Colosseum built? Which scientific area has the most influence in shaping modern classification methods? HURRY I REALLY NEED THIS!!!!!!What contemporary examples can you cite of the interconnectedness of everyone even in a country aslarge as the United States? For f (x) = 3x +1 and g(x) = x2 - 6, find (ff + g)(x). During the 1630s, the MassachusettsBay ColonyA.) saw its population dwindleB.) saw its population explodeC.) disappeared without a traceD.) merged with the Plymouth Colony rectangle j is 6 feet wide and 9 feet long rectangle K is 9 feet wide and 12 feet long are the rectangle similar explain it is easyyyyy help pleaseTell me two reasons for the division of the roman empire1.2. True or False? A three shot is a series of any three individualcamera shots.