Mathematics, 15.10.2019 20:30 zoeatlowapple

You deposit 12,000 in an account that pays 5% interest compounded quarterly .

a. find the future value after one year
b. use the future value formula for simple interest to determine the effective annual yield

Answers: 2

Show answers

Answers

P is the principal amount, $12000.00.
r is the interest rate, 5% per year, or in decimal form, 5/100=0.05.
t is the time involved, 3month(s) time periods.
Since your interest rate is "per year" and you gave your time interval in "month(s)" we need to convert your time interval into "year" as well.
Do this by dividing your time, 3- month(s), by 12, since there's 12 months in 1 year.
So, t is 0.25year time periods.
To find the simple interest, we multiply 12000 × 0.05 × 0.25 to get that:

The interest is: $150.00
Usually now, the interest is added onto the principal to figure some new amount after 3 month(s),
or 12000.00 + 150.00 = 12150.00. For example:

If you borrowed the $12000.00, you would now owe $12150.00
If you loaned someone $12000.00, you would now be due $12150.00
If owned something, like a $12000.00 bond, it would be worth $12150.00 now.

Answer from: Quest

the 4th choice is the correct one

step-by-step explanation:

*sigh* i seriously need on this question. i don't understand it. i would appreciate it if somebody

Answer from: Quest

answer:

payment just for service

→

87.12

payment for service including tax

→

94.09

explanation:

service only with 20% tip

→

72.6

(

100

)

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the

service

−−−−−−

so technically the answer is

→

72.6

(

100

)

87.12

however, the intention of the question provider may have been that your answer is to be

87.12

(

100

)

94.09

to 2 decimal places.

payment just for service

→

87.12

payment for service including tax

→

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge

→

72.60

20% tip

100

72.60

14.52

−−−−−−

←

add

87.12

tax

100

87.12

6.97

−−−−−

←

add

94.09

Another question on Mathematics

Mathematics, 21.06.2019 16:30

In two or more complete sentences describe how to determine the appropriate model for the set of data, (1,1), (3,2), (6,3), (11,4).

Answers: 1

Answer

Mathematics, 21.06.2019 19:30

Mr. brettler is hanging up a 5-foot tall rectangular welcome sign in the gym. he has drawn a sketch on a coordinate grid. he has the lower vertices of the sign at (9, –3) and (–6, –3). where would the upper vertices be on the grid?

Answers: 1

Answer

Mathematics, 21.06.2019 22:00

(05.02)a farmer has decided to divide his land area in half in order to plant soy and corn. calculate the area of the entire area so he knows how much soil is needed. a parallelogram with a height of 6 yards and side length 9 yards. the height forms a triangle with the slanted side of the rhombus with a base of 2.5 yards. rhombus is split into a soy half and a corn half. each bag of soil covers 40 square yards. how many bags should the farmer purchase?

Answers: 3

Answer

Mathematics, 22.06.2019 00:30

Astudent was asked to find the square of 7x+3. the student quickly wrote (7x+3)^3= 49x^2+9. identify the student's error and provide the correct answer.

Answers: 3

Answer

You know the right answer?

You deposit 12,000 in an account that pays 5% interest compounded quarterly .

a. find th...

Questions

Mathematics, 16.04.2020 19:12

When someone buys a ticket for an airline flight, there is a 0.0974 probability that the person will not show up for the flight. A certain jet can sea...

Mathematics, 16.04.2020 19:12

A novel type of bacteria is found in a recent medical research. After every minute, the bacteria may die, or stay the same, or split into two or split...