what is the interest earned in a savings account after 12 months on a balance of $2000 if the interest rate is 1.5% APY compounded yearly? round your answer to the nearest hundredth.

Interest = $ [?]

Answers

Answer 1

Answer:

$30

Step-by-step explanation:

2000 x .015 = 30

Answer 2

The interest earned in the savings account after 12 months on a balance of $2000 if the interest rate is 1.5% APY compounded yearly is $30

How to calculate compound interest's amount?

If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:

[tex]CI = P\left(1 +\dfrac{R}{100}\right)^T - P[/tex]

The final amount becomes:

[tex]A = CI + P\\A = P\left(1 +\dfrac{R}{100}\right)^T[/tex]

For this case, we're specified that:

Initial amount = P = $2000Interest rate 1.5% annually (compound interest), or R = 1.5Time for which interest will be compounded = 12 months = 1 year = T (converted time to year as interest is being compounded annually).

Thus, we get the amount of interest as:

[tex]CI = 2000\left(1 +\dfrac{1.5}{100}\right)^1 - 2000\\\\CI = 2000\times \dfrac{1.5}{100} = 30 \: \rm (in \: dollars)[/tex]

Thus, the interest earned in the savings account after 12 months on a balance of $2000 if the interest rate is 1.5% APY compounded yearly is $30

Learn more about compound interest here:

https://brainly.com/question/11897800

#SPJ2


Related Questions

use the table to find the slope

Answers

Points (-1,4) (3,6)
Slope: (6-4)/(3+1) = 2/4
The slope is 1/2

Question 8 HELPPPPPPPPPPPPPP

Answers

Answer:

it would be at 3

cause double negatives cancel out- if u c something like -- or -(-) they would become a positive- so you would plot it at positive 3

hope this helps (again lol)

<33

Step-by-step explanation:

Answer:

plot at 3

Step-by-step explanation:

a negative number times another negative number will result in a positive number

therefore,  - (-3)=3

GwhbbsnNn mmNlnananK a Kknaba

Answers

dysodjd kfudoandudslfhsotn

plz help fast!!
The distance on a map between a student’s house and her job is 6 cm. On the same map, the distance between her house and her school 8 cm. The actual distance from her house to school is 12 km. If d represents the approximate distance in km between her house and her job, what is d?

A) 4 km
B) 9 km
C) 48 km
D) 16 Km

Answers

Answer:

D. 16 km

Step-by-step explanation:

Hope this helps!

6. Michelle orders cupcakes that come in a carboard box. The box has the dimensions shown. What is the perimeter of the base? b. What is the height of the box? What is the area of the base
9in,10in,11in​

Answers

Can u send a pic of the square kinda hard without it

iogmkiuAnswer:

Step-by-step explanation:

gjkih

Solve the equation 8(3x - 6) = 6(4x + 8). Does the equation have one solution, no solution, or infinitely many solutions? Explain. ( worth two point, answer and explanation)

Answers

AnswEr :

⠀⠀⠀⠀

Equation have No solutions

⠀⠀⠀⠀

______________________

⠀⠀⠀⠀

➤ How to solve ?

⠀⠀⠀⠀

For solving such problems we need to recall equations .

⠀⠀⠀⠀

When the value of two variable comes equal and zero in an equation then that equation is said to have infinitely many solutions . If the value of a variable have any particular constant then the equation is said to have one solution . If the value of of any variable comes undefine then the equation is said to have no solution .

⠀⠀⠀⠀

━━━━━━━━━━━━━━━━━

⠀⠀⠀⠀

SolutiOn :

➠ 8( 3x - 6 ) = 6(4x + 8 )

➠ 24x - 48 = 24x + 48

Now, we will bring the variable on left hand side and constants on right hand side

➠ 24x - 24x = 48 + 48

➠ 0 = 48 + 48

➠ 0 = 96

As we can see the equation have end with a undefined value the equation have no solutions

➠ No Solutions

━━━━━━━━━━━━━━━━━

A company makes spherical tanks that store chemicals. Their standard model has a diameter of 6 meters, but a customer needs a larger tank whose capacity is 2.5 times the volume of the standard model. What is the approximate diameter of this larger tank? Round to the nearest tenth.​

Answers

Answer:

The approximate diameter of the larger tank is 8.10 meters

Step-by-step explanation:

Here, we want to calculate the diameter of the larger tank

The volume of a sphere

V = 4/3 * π * r^3

Let us calculate the volume of the standard model

That will be;

Since diameter is 6 and r = d/2

r = 6/2 = 3 meters

V = 4/3 * π * 3^3 = 36 π m^3

Now, the volume of the larger tank is 2.5 times of this;

The volume of the larger tank is 2.5 * 36 π = 90 π m^3

So we can calculate the radius of this before we calculate its diameter

4/3 * π * r^3 = 90 π

4r^3/3 = 90

r^3 = 270/4

r^3 = 67.5

r = 3x√(67.5)

r = 4.07 m

Diameter here is 2 times this

= 4.07 * 2 = 8.14

Answer:

8.1

Step-by-step explanation:

help me please I'll mark first answer Brainliest ​

Answers

Answer:

a. True

b. True

c. True

d. False

e. False

I hope this helped! Thank You!

Answer:

a. False

b. True

c. True

d. False

e. False

Evaluate. -2 1/4 -(-3 2/5).

Answers

Answer:

1 3/20

Step-by-step explanation:

1. Make them all into fractions:

-8/4 -1/4 -(-15/5 -2/5)

2. Add like-terms:

-9/4 -(-17/5)

3. A negative times a negative makes a positive:

-9/4 +17/5

4. Identify the least common denominator (LCD):

20

5. Apply:

-9x5/4x5 +17x4x/5x4

6. Solve:

-45/20 +68/20

7. Result:

23/20, simplified 1 3/20

J.T has twelve songs on his playlist. Ken has five times as many. How many songs does Ken have on his playlist?

Answers

Answer:

60 Songs

Step-by-step explanation:

12 * 5= 60

Which fraction is not equivalent to 9/12
PLEASE HURRY

Answers

Answer:

1/2

1/2 = 50%

9/12 = 75%

Step-by-step explanation:

If 4 raffle tickets is 6 dollars how much is 1 raffle ticket

Answers

4/6 = 1/x cross multiple so x= 1.5 dollars

Round the numbers to estimate the quotient.

29 and one-fifth divided by 4 and StartFraction 6 over 7 EndFraction

Which numbers should be used?


÷

The estimated quotient is

Answers

Answer: 29 divided by 5                   5 4/5

Step-by-step explanation: EDGE 2022

Match each decimal with its percent equivalent.
1. 1.5 10%
2. 0.15 15%
3. 0.01 150%
4. 0.1 1%

Answers

Answer:

1.5 = 150%

.15 = 15%

.01 = 1%

.1 = 10%

Please give brainliest

Answer:

1.5 = 150%

.15 = 15%

.01 = 1%

.1 = 10%

Step-by-step explanation:

What is the compliment of a 45 degree angle

Answers

The complement of 45° is the angle that when added to 45° forms a right angle (90° ).

Please help this is math equation!
SIKE lol

Answers

Answer:

oop lol

Step-by-step explanation:

welp

Answer:

oop hello mortals how are yall doing

express cos6mcos2m as a sum or difference

Answers

Given :

An expression (cos 6m)(cos 2m) .

To Find :

We need to express it in terms as sum or difference.

Solution :

We know,

cos( A + B ) = cosA cos B - sin A sin B

cos( A - B ) = cosA cos B + sin A sin B

Adding both the equations we get :

2cos A cos B = cos( A + B) + cos( A - B )

or

cos A cos B = cos( A + B) + cos( A - B )/2

Putting value of A = 6m and B = 2m in above equation, we get :

(cos 6m)(cos 2m) = cos( 6m + 2m ) + cos( 6m - 2m )/2

(cos 6m)(cos 2m) = cos(8m) + cos(4m)/2

Hence, this is the required solution.

A certain drug is made from only two ingredients: compound A and compound B. There are 5 milliliters of compound A used for every 4 milliliters of compound
B. If a chemist wants to make 621 milliliters of the drug, how many milliliters of compound A are needed?

Answers

Answer:

884

Step-by-step explanation:

We know the ratio of A to B is 5:8

let x = the multiplier

then

5x = amt of compound A

and

8x = amt of compound B

 

:

5x + 8x = 884

13x = 884

x = 884/13

x = 68 is the multiplier

therefore

5(68) = 340 millilters of compound A needed

:

:

Confirm our answer. Find the amt of B

8(68) = 544 ml of B

340 + 544 = 884

At 8:00, the temperature was 15 degrees Celsius (°C). Three hours later, the temperature was -15°C. By how many degrees Celsius did the temperature change?​

Answers

Answer:

30 degrees

Step-by-step explanation:

If you were to draw a number line, 15 and -15 are both 15 units away from 0. So, 15 + 15 =30

Please brainlist!

Yesterday, there were 45 problems assigned for math homework. Malia got 36 out of 45
problems correct. What percentage did Malia get correct?
PLEASE HELP

Answers

Answer:80

Step-by-step explanation: if you do 45:100% and then x36 you get the result

Angles formed by parallel lines and transversal

Answers

Angle 1 is 113
Angle 2 is 67

Question 2 of 20
Which of the following is the range of the function based on the input-output
table below?
Hours
of training
5
10
15
Pay
per month
1100
1200
1300
20
1400
25
1500
30
1600
1700
35
A. (1100, 1200, 1300, 1400, 1500, 1600, 1700}
B. 1700, 35,1600, 30, 1500,25)
C. (5.10, 15, 20, 25, 30, 35)
D. (5, 1100, 15.1200, 25, 1300)

Answers

Given:

The function on the Input output table.

To find:

The range of the given function.

Solution:

We know that, range is the set of output values.

From the given table it is clear that, hours of training is the input variable and pay per month is the output value.

So, range of the given function is the set of pay per month.

Range = {1100, 1200, 1300, 1400, 1500, 1600, 1700}

Therefore, the correct option is A.

Find the slope of the line that passes through (8,6) and (4,15)

Answers

Is the line positive or negative

Will give crown will post one more

Answers

Answer:

1 is 22; 2 is 19; 3 is 16; 4 is 13; 5 is 10

Step-by-step explanation:

Give me that crown again

Answer:

22, 19, 16, 10

Step-by-step explanation:

y = 25-(3*1)= 22

y = 25-(3*2)= 19

y = 25-(3*3)= 16

y = 25-(3*5)= 10

what is the measure of

Answers

Since you know a line is = 180*

if angle EFG is 125, we can get angle EFD = to 180-125=55

And since we know that the line ED is congruent to line EF, angle EDF is = 55

180-55*2= 70

angle DEF=70

are these answers right?

Answers

Answer:

Yes, good job! :)

a force of 12N acts for 5 s on a mass of 2 kg. What is the change in momentum of a mass of 10kg under the same condition​

Answers

Answer:

The change in momentum is: 60 N.s

Step-by-step explanation:

By Newton's second law:

F = ∆p / ∆t

Given that

∆t = 5sF = 12N

Using the formula to determine the change in momentum

F = ∆p / ∆t

∆p = F × ∆t

     = 12 × 5

      = 60 N.s

Therefore, the change in momentum is: 60 N.s

Please help!
Solve 4(3x +2) = 17x + 6 - 5x + 2
Select the correct choice below and, if necessary fill in the answer box to complete your choice
• A. X = _
• B. The equation has infinitely many solutions.
•c. The equation has no solution.

Answers

Answer:

I know that the equation has infinity many solution

12x+8=12x+8

That would be the final answer

I need help on this question

Answers

Answer:

175.4379

Step-by-step explanation:

Hope this helps. :)

4x-5y+30=0 in slope-intercept form

Answers

Answer:

y=4/5x+6

Step-by-step explanation:

Other Questions
The circumference of the Earth isapproximately 40,075 kilometers.How many significant figures arethere in the numerical value? What is an erg, and what challenges do they pose for people? Please help 20 points and brainliestWhich of the following groups of numbers is in order from least to greatest?0.54, 7/10, 40%3/4, 0.8, 94%67%,1/2 , 0.8 7/10, 0.54, 67% Help meeee anyyyonee PLEASE HELP ASAPWhat are some financial choices Ilol have to make in the future for college and adult life? Fill in the blank with the present tense form of the verb in parentheses. * ONLY TYPETHE CONJUGATE VERB DO NOT TYPE IN THE WHOLE SENTENCE.T (comprender) espaol. 2 points please help!!! why was d-day a turning point? a. Do you think the adversarial system is the best method for solving disputes? Why or why not. What coefficient is needed to balance this equation? ____Fe + 4H2O --> Fe6O4 + 4 H2 * When Kennedy mentions "those who came before us" he is referring to other great leaders throughout American history other great leaders throughout American history our forefathers who founded the United States our forefathers who founded the United States other presidents other presidents scientists like Newton and Galileo ASAP Please what is the answer to this question?By the ways, this is not a quiz or a test. It is a benchmark review. Suppose a classmate is having difficulty solving 4(x - 7) > 6x + 2 + 8x.Explain how to solve the inequality, showing all the necessary steps andidentifying the properties you would use. Which statement best shows how this passage reflects acultural viewpoint in India?The explanation of Tara Charan's backgroundillustrates the impact the caste system, Kaystha, hason people.The fact that Nagendra is trying to help Kunda showsthat he is a good person.The information about Srimati shows how women arerevered in Indian culture.The letter Surja sends shows that women are theheads of households and responsible for theirfamilies. Read the passage from Edgar Allan Poe.In 1827, tired of quarreling with his foster father, Poe left Virginia for Boston, Massachusetts. Although Poe was no longer in school, he continued to write and published his first volume of poetry, Tamerlane and Other Poems, that same year. At eighteen years old, Poe was a published author, but he still needed to earn money, so he enlisted in the US Army. After serving for two years, Poe learned that his foster mother, Frances, was ill. He rushed to Richmond, Virginia, to see her, only to learn that she had died from tuberculosis before he could arrive.How does the author organize the information in this passage?He provides historical details to explain Poes life.He shows Poes feelings through characterization.He introduces the central idea that Poe moved often.He describes the setting in order to illustrate the time period. brainliest for correct answer with work Simplify -x+5+7x-2+2x+3 A librarian finds that the number of hours spent reading a book over a month, R, is dependent on the numbers of hours a person spends at the library over the course of a month, x, and can be modeled by the function R(x)=26+1.5xDraw the graph of the reading function by plotting its R-intercept and another point. A piano teacher charges $20 per lesson plus a $30 fee for supplies. Anotherteacher does not have a supply fee but charges $30 per lesson. After howmany lessons will the cost of the two teachers be the same? HELP! WILL GIVE BRAINLIST!!!- What effect do oceans have on the climate?a. Oceans produce extreme cold.b. Oceans moderate temperatures and climate.c. Oceans have little effect climate.d. Oceans create extreme temperatures. How many of the first million positive integers share no common factors greater than 1 with 2020