lulimanzanet lulimanzanet

15-11-2017
Mathematics

contestada

alex deposits $4000 in a saving account that pays 5% interest,compounded semiannually. what is his balance after one year?

Respuesta :

Aliwohaish12 Aliwohaish12

15-11-2017

The formula is
A=p (1+r/k)^kt
A future value?
P present value 4000
R interest rate 0.05
K compounded semiannual 2
T time 1 year
A=4,000×(1+0.05÷2)^(2×1)
A=4,202.5

Hope it helps!

Answer Link

Otras preguntas

A row of plaques covers 120 square feet of space along a wall. If the plaques are 3 feet tall, what length of the wall do they cover?

Which property is shown? 3(–7 +12) = 3 • (–7) + 3 • (12) A. distributive property B. associative property C. opposite of a sum property D. commuta

Which statement is true about a polarized object?

In the BOREAS study, scientists are trying to determine if a large amount of carbon is being taken in by what biome?a. rainforestb. tundraC. boreal forestd. des

Children whose parents don't like their actions might be _____ with them?

_____ repeatedly broke the law as she fought to bring reproductive freedom to women?

Find f(6) if f(x) = x2 ÷ 3 + x

Which decision by Tokugawa Ieyasu was most influential in Japan’s cultural rise?

Parallel and Perpendicular Lines determine value of x for which a || b if m3=10x and m5=12x-25

The solution to 2 * 27 will be what kind of number? A. Prime B. Odd C. Perfect square D. Even