subject
Mathematics, 27.12.2019 21:31 shawdyylinda

Claire deposited $2,500 into an account that accrues interest monthly. she made no additional deposits or withdrawals. after 2 years, claire had $2,762.35 in the account. what is the annual interest rate of the account?

compound interest formula: mc006-1.jpg

t = years since initial deposit
n = number of times compounded per year
r = annual interest rate (as a decimal)
p = initial (principal) investment
v(t) = value of investment after t years

5%
11%
26%
31%

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 19:40
It appears that people who are mildly obese are less active than leaner people. one study looked at the average number of minutes per day that people spend standing or walking. among mildly obese people, the mean number of minutes of daily activity (standing or walking) is approximately normally distributed with mean 376 minutes and standard deviation 64 minutes. the mean number of minutes of daily activity for lean people is approximately normally distributed with mean 528 minutes and standard deviation 107 minutes. a researcher records the minutes of activity for an srs of 7 mildly obese people and an srs of 7 lean people. use z-scores rounded to two decimal places to answer the following: what is the probability (image for it appears that people who are mildly obese are less active than leaner people. one study looked at the averag0.0001) that the mean number of minutes of daily activity of the 6 mildly obese people exceeds 420 minutes? what is the probability (image for it appears that people who are mildly obese are less active than leaner people. one study looked at the averag0.0001) that the mean number of minutes of daily activity of the 6 lean people exceeds 420 minutes?
Answers: 1
question
Mathematics, 21.06.2019 23:00
Find the distance between the pair of points a(-1,8) and b(-8,4)
Answers: 1
question
Mathematics, 21.06.2019 23:00
Jorge wants to determine the enlarged dimensions of a digital photo to be used as wallpaper on his computer screen. the original photo was 800 pixels wide by 600 pixels high. the new photo will be 1,260 pixels wide. what will the new height be?
Answers: 1
question
Mathematics, 21.06.2019 23:00
What unit of been sure would be appropriate for the volume of a sphere with a radius of 2 meters
Answers: 2
You know the right answer?
Claire deposited $2,500 into an account that accrues interest monthly. she made no additional deposi...
Questions
Questions on the website: 13722360