A new bank customer with ​$4,000 wants to open a money market account. The bank is offering a simple interest rate of 1.2​%.

a. How much interest will the customer earn in 30 ​years?
b. What will the account balance be after 30 ​years?

Answers

Answer 1

Answer:

Interest: $1440

Total Account Balance: $5440

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 1.2%/100 = 0.012 per year,

then, solving our equation

I = 4000 × 0.012 × 30 = 1440

I = $ 1,440.00

The simple interest accumulated

on a principal of $ 4,000.00

at a rate of 1.2% per year

for 30 years is $ 1,440.00.

Answer 2

The simple Interest is $1440 and the total Account Balance: $5440.

What is simple interest?

Simple interest is calculated just on the loan's principal amount, whereas compound interest is calculated on both the principal and the cumulative interest.

First, converting R percent to r a decimal,

r = R/100 = 1.2%/100 = 0.012 per year,

Then, solving our equation,

I = 4000 × 0.012 × 30 = 1440

I = $ 1,440.00

The simple interest accumulated,

on a principal of $ 4,000.00

at a rate of 1.2% per year

for 30 years is $ 1,440.00.

Therefore, the simple Interest is $1440, and the total Account Balance: $5440.

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Related Questions

Find the missing number to make these fractions equal.
3/4 = blank/8

Answers

Answer:

6/8

Step-by-step explanation:

You can multiply the denominator of 4 by two to get 8. But you need to do the same to the numerator, which gives you 6.

Answer:

6/8

Step-by-step explanation:

you multiply both numbers by 2

2) Find the slope between the points (-2,4) and (7,3).

Answers

Answer:

It would be M=-1/9

Step-by-step explanation:

You would use the slope formula:

m= y2−y1/ x2−x1

=3-4/7--2

=-1/9

2 x + 6 = 10
solve for x​

Answers

Answer:

x=2

Step-by-step explanation:

2x2=4

4+6=10

Answer:

x=2

Step-by-step explanation:

with questions like this do the inverse

10-6=4

4÷2=2

2=x

i hope this helped xx

I need to find the domain and range. Please help me

Answers

Answer:

(-infinity, -1) U (-1, 1) U (1, infinity)

(-4, -infinity) U (infinity, infinity) U (-infinity, -4)

Step-by-step explanation:

Which pair of angles shares ray a as a common side

Answers

Answer: Is the last one. D

Hope this helps

find the length of the third side. If necessary,write in simplest radical form.​

Answers

Answer:

4

Step-by-step explanation:

It’s a right triangle.

[tex]a^{2} +b^{2} =c^{2}[/tex]

[tex]10^{2} +x^{2} =(2\sqrt{29} ) ^{2}[/tex]

100+x^2=4(29)

16=x^2

x=4

Determine whether the graph shows a positive correlation, a negative correlation, or no correlation. If there is a positive or negative correlation, describe its meaning in the situation. Domestic Traveler Spending in the U.S., 1987-1999 Spending (dollars in billions) A graph titled Domestic Traveler Spending in the U S from 1987 to 1999 has year on the x-axis, and spending (dollars in billions) on the y-axis, from 225 to 450 in increments of 25. Year Source: The World Almanac, 2003

Answers

Answer:

A

Step-by-step explanation:

ifunny is dankreloaded

The solution is, Option B Negative ,as time passes, speed decreases.

What is Correlation?

Positive Correlation= With Increase in x value, y value also increases or vice versa, we call it positive correlation.

Negative Correlation= With Increase in x value, if y value decreases or vice versa, we call it negative correlation.

here, we have,

Description of the Graph

1. The Relation between , Speed and time is depicted on the graph.

2. Minute = x coordinate

Miles per hour= y coordinate

The points shown on the graph , describing the relationship are, (5,15),(10,13.8),(15,11),(20,10),(25,9.8).

There are two types of Correlation

Positive Correlation= With Increase in x value, y value also increases or vice versa, we call it positive correlation.

Negative Correlation= With Increase in x value, if y value decreases or vice versa, we call it negative correlation.

As you can see from the points plotted on the graph ,with increase in x value , y value decreases.

So it is negative correlation.

As, time passes, Speed Decreases, So it is a Negative Correlation.

Option B  Negative ,as time passes, speed decreases.

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Can somebody help me with this?

Answers

Awnser is B

Heart and comment.

X = 0
Solve.
2.1x - (1 + 2x) = 5.3

Answers

Answer:

-1=5.3

not sure if this is right; it should be though

Step-by-step explanation:

2.1(0) - (1+2(0))= 5.3

-(1)=5.3

-1=5.3

Find the value of each variable and the measure of each labeled angle (2x) (3x-42)

Answers

Step-by-step explanation:

Head opposite angles

2x= 3x-42

x= 42°

the angles are 84°

Each of the pairs of opposite angles made by two intersecting lines is called a pair of vertical angles. The value of x is 42 and the measure of the two given angles is 84° each.

What are vertical angles?

Each of the pairs of opposite angles made by two intersecting lines is called a pair of vertical angles.

The two of the given angles are vertically opposite angles, therefore, the measure of the two given angles will be the same.

(2x)° = (3x - 42)°

2x = 3x - 42

Subtract 2x from both sides of the equation and add 42 to both sides of the equation,

2x - 2x + 42 = 3x - 42 - 2x + 42

42 = 3x - 2x - 42 + 42

42 = x

Therefore, the value of x is 42. Now, the measure of each angle can be written as,

(2x)° = 2(42) = 84°

(3x - 42)° = 3(42) - 42 = 84°

Hence, the value of x is 42 and the measure of the two given angles is 84° each.

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What would you multiply by to find 28.3% of a number?​

Answers

Answer:

0.283

Step-by-step explanation:

Answer:

100

Step-by-step explanation:28.3% times 100

Find the measure of angle A

Answers

Answer:

30

Step-by-step explanation:

(x + 37) + (x + 67) + 90 = 180 by the Triangle Angle Sum Theorem

(x + 37) + (x + 67) = 90

2x + 104 = 90

2x = -14

x = -7

(-7 + 37) = angle A

angle A = 30

Answer:

<a = 30

Step-by-step explanation:

x + 37 + x + 67 + 90 = 180

<A + <B + <C = 180

*take each angle, add them, and equal them to 180*

x + 37 + x + 67 + 90 = 180

*solve for x*

2x + 194 = 180

      -194   -194

2x = -14

x = -7

<a = x + 37

<a = (-7) + 37

<a = 30

<b = x + 67

<b = (-7) + 67

<b = 60

<c = 90

Please help me answer 7 and 9!!

Answers

Answer:

Step-by-step explanation:

What is the missing length?

Answers

Answer:

as it is rectangular in shape. so the area of the rectangle =length *breadth =5*x=40

x=40/5=8metres

Find the vertex show work
Will mark as brainlist

Answers

Answer:

[tex]x = \frac{6 + \sqrt{ - 12} }{6} [/tex]

and

[tex]x = \frac{6 - \sqrt{ - 12} }{6} [/tex]

it's not has a Real number

Step-by-step explanation:

hope it helps you ☺️

Use the algebraic expression below to identify the following parts of the
expression. VARIABLES *
- 3x – 2x + 16 + 5 – 8 + x

Answers

Answer:

−4x+13

Step-by-step explanation:

collect like terms: (−3x−2x+x)+(16+5−8)

Answer:

-3x-2x-x+16+5-8=-4x13

A student does daycare for 3 different families in the summer. The chart lists how much she charges each family per week.



Which equation can be used to model how much she charges each family every week?

m=80d
m=37d
m=40d
m=35d+10

Answers

Answer:

Step-by-step explanation:

what is 67 divided by 9

Answers

Answer:

67 ÷ 9 = 7.444

Point (1,3) Slope: 2

Answers

Answer:

y=2x+1

Step-by-step explanation:

(1,3). y=mx+b or 3=2 × 1+b, or solving for b: b=3-(2)(1). b=1

the product of lisa and her twin brother is 36 and their sum is 36 how old can lisa be

Answers

Answer:

6 years old

Step-by-step explanation:

Since her twin brother is the same age as her, you are looking for two equal factors whose product is 36. The square root of 36 is 6, so the answer is they are both 6 years old.

There of the ABCD are given. fine the coordinates of point D. A(3, 6) B(6,3) D(x, y)

Answers

Answer:

A. (3,2) . I recommend using desmos to find the coordinates

9514 1404 393

Answer:

  A.  (3, 2)

Step-by-step explanation:

The midpoints of the diagonals are the same point, so you have ...

  X = (A +C)/2 = (B +D)/2

  A +C = B +D . . . . . . . multiply by 2

  A +C -B = D . . . . . . . subtract B

The coordinates of D are ...

  D = (3, 6) +(6, 3) -(6, 7) = (3+6-6, 6+3-7)

  D = (3, 2)

4 2– 3 × 2 × ( 7 3 ÷ 7 6 )

Answers

Answer:

36.24

Step-by-step explanation:

- 3 * 2 = - 6

73 / 76 = 0.96

0.96 * (-6) = -5.76

42 - 5.76 = 36.24

List the first five multiples of 30

What is the lowest common multiple of 12 and 30


Someone answer rlly quick!!!

Answers

I guess this will help you

Step-by-step explanation:

30 , 60 , 90 , 120, 150

,LCM of 12 and 30 is 60

Answer:

List the first five multiples of 30

The first 5 multiples of 30 are: 0, 30, 60, 90, 120.

What is the lowest common multiple of 12 and 30

for LCM (12,30) we find:

Prime factorization of 12 = 2 × 2 × 3.

Prime factorization of 30 = 2 × 3 × 5.

Using all prime numbers found as often as each occurs most often we take 2 × 2 × 3 × 5 = 60.

Therefore LCM (12,30) = 60


Natasha rolls a fair dice 66 times.
How many times would Natasha expect to roll an even number?

Answers

Answer:

IS NATASHA SINGLE LOL!

Step-by-step explanation:

Answer:

33 because 1,3 and 5 are off and 2,4 and 6 are even and if you half 6- it's 33 for even and 33 for odd

Determine whether each graph is the graph of a function
Write YES or NO
Please Help

Answers

Answer:

yes no yes. I was a little skeptical about 18 but nevermind

Which equation would make this system consistent and dependent?
2x+y=-4
6x-3y=12
y=3x-4
y=2x+5

Answers

Answer:

The second one

Step-by-step explanation:

What is the degree of (x-1)(x+5) ?

Answers

Your answer would be 2

En una pension de perros hay tres perros que pesan 20kg 10kg y otro 5kg si se contempla que 70kg de alimento dura 2 meses¿que cantidad de alimento le toca a cada perro ? Problema de proporcionalidad inversa

Answers

Answer:

40kg

20kg

10kg

Step-by-step explanation:

The computation of the food each one is getting as follows

Total weights of all dogs

= 20 kg + 10 kg + 5kg

= 35 kg

And, the food is 70 kg

So, each one is getting

for 20 kg

= 70 ÷ 35 × 20

= 40 kg

For 10 kg

= 70 ÷ 35 × 10

= 20 kg

And, for 5 kg

= 70 ÷ 35 × 5

= 10 kg

Please and thank you

Answers

Answer:

Nah its odd negative

Step-by-step explanation:

Rises to the left and falls to the right.

Hiya! Here's my question:
A baker uses 80 grams of salt for each batch of bread. Salt comes in a ​32-kilogram package or a ​1,700-gram package. Which size package should the baker buy so that no salt is left after all of the batches are​ made? Explain.

(I really need to answer this quickly, thanks! ^^)

Answers

wait i got it!

Since 18 kilograms are 18000 grams, you have

18000/30=600

and

800/30=26.6

So, with 18 kilograms of salt the baker can make exactly 600 batches with no leftovers, while with 800 grams of salt the baker can make 26 batches, with some leftovers.

In fact, 26 batches require

26 x 30 =780

grams of salt, and the remaining

800-780=20

grams of salt are not enought to prepare the next batch

Step-by-step explanation:

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