A new bank customer with 3,000 wants to open a money market account the bank is offering a simple interest rate of 1.8% how much interest will the customer earn in 20 years

Answers

Answer 1

Answer:

$3540

Step-by-step explanation:

See explanation

Step-by-step explanation:

The Simple Interest will be calculated as:

= P × R × T

= $3000 × 1.8% × 10.

= $3000 × 0.018 × 10

= $540

The interest that the customer earn in 10 years is $540.

Then, the account balance after 10 years will be:

= Principal + Interest

= $3000 + $540

= $3540

Therefore, the account balance will be $3540


Related Questions

calculate the compound interest on 10,000 for 6months at 2% per annum compounded quaterly

Answers

Answer:

Step-by-step explanation:

HELP HELP!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

You would multiply 25 x 6 and then add 70. So the answer is 220

B. Company P calculates the earnings of employee, E, for working h hours using the equation E = 8.25h.

Answers

Answer:

Step-by-step explanation:


2. Find the value of x. Give your answer in
simplest radical form.
20
16

Answers

Answer:

12

Step-by-step explanation:

The Pythagorean theorem shows that 400 or 20² - 256 or 16² = 144 or 12² which means that the other side is 12

x=12

Determine the following probabilities. Enter your final answers as reduced fractions. Two coins are flipped. Find the probability that the first coin land on heads and the second coin lands on heads. Two cards are drawn from a deck of 52 cards. The first card is replaced before drawing the second card. Find the probability that the first card is black and the second card is a 8. A single digit between 0 and 9 is randomly chosen, and a single letter from A to Z is randomly chosen. Find the probability that the number is 4 and the letter is a consonant. Two dice are rolled. Find the probability that first die lands on an even number and the second die is less than 2.

Answers

The probability of an event occurring is given by the ratio of the number of

possible outcome to the number of required outcome.

First question: The probability that the first coin lands on heads and the second coin lands on tails is 0.25.Second question: The probability of drawing a black card and then a 8 is [tex]\underline{\dfrac{1}{13}}[/tex].

Third question: The probability that the number chosen is 4 and the letter chosen is a consonant, is [tex]\underline{\dfrac{21}{234}}[/tex].

Fourth question: The probability that the first die lands on an even number and the second die is less than 2, is [tex]\underline{\dfrac{1}{12}}[/tex].

Reasons:

First question:

The number of faces in a coin = 2; A head or a tail

The probability that the first coin lands on heads, P(H) = [tex]\dfrac{1}{2}[/tex]

The probability that the second coin lands on tails, P(T) = [tex]\dfrac{1}{2}[/tex]

The probability that the first coin lands on heads and the second coin lands

on tails = P(H ∩ T)

Which gives;

[tex]P(H \cap T) = \dfrac{1}{2} \times \dfrac{1}{2} = \dfrac{1}{4}[/tex]

The probability that the first coin lands on heads and the second coin lands on tails = [tex]\dfrac{1}{4}[/tex] = 0.25

Second question:

The number of black cards in a pack of 52 = 26 cards

The number of cards that are a 8 in a pack of 52 cards = 8 cards

[tex]\mathrm{The \ probability \ of \ drawing \ a \ black \ card}, \ P(B) = \dfrac{26}{52} = \dfrac{1}{2}[/tex]

[tex]\mathrm{The \ probability \ of \ drawing \ a \ 8,} \ P(8) = \dfrac{8}{52} = \dfrac{2}{13}[/tex]

The probability of drawing a black card and then an 8, P(B∩8), is given as follows;

[tex]P(B \cap 8) = \dfrac{1}{2} \times \dfrac{2}{13} = \dfrac{1}{13}[/tex]

The probability of drawing a black card and then a 8 is P(B∩8) = [tex]\underline{\dfrac{1}{13}}[/tex]

Third question:

The probability that a number chosen between 0 and 9 is 4, P(4) = [tex]\dfrac{1}{9}[/tex]

The number of consonant in the alphabet = 21

The probability that a letter chosen from A to Z is a consonant, P(C) = [tex]\dfrac{21}{26}[/tex]

The probability that the number chosen is 4 and the letter chosen is a consonant, P(4 ∩ C)  = [tex]\dfrac{1}{9} \times \dfrac{21}{26} = \underline{ \dfrac{21}{234}}[/tex]

Fourth question:

The number of even numbers on a die = 3; (2, 4, 6)

The number of numbers less than 2 on a die = 1

The probability that the first die lands on an even number, P(E) = [tex]\dfrac{3}{6}[/tex]

The probability that the second die is less than 2. P(<2) = [tex]\dfrac{1}{6}[/tex]

Therefore;

The probability that the first die lands on an even number and the second die is less than 2, P(E ∩ <2) = [tex]\dfrac{3}{6} \times \dfrac{1}{6} = \dfrac{3}{36} = \underline{\dfrac{1}{12}}[/tex]

Learn more here:

https://brainly.com/question/19916581

simplify 2 by 5 into 4 by 7 + 21 by 35​

Answers

Solution:

[tex] \frac{2}{5} \times \frac{4}{7} + \frac{21}{35} \\ = \frac{8}{35} + \frac{21}{35} \\ = \frac{8 + 21}{35} \\ = \frac{29}{35} [/tex]

Answer:

[tex] \frac{29}{35} [/tex]

Hope it helps.

Do comment if you have any query.

Find the perimeter. Simplify your answer.

Answers

Answer:

4

Step-by-step explanation:

yeah-ya........ right?

The perimeter of the triangle is 2(12c - 7).

What is a triangle?

A triangle is a three-sided polygon with three edges and three vertices. the sum of angles in a triangle is 180 degrees. The perimeter of a triangle is the sum of the side lengths.

What is the perimeter of the triangle?

Perimeter = 7c - 5 + 7c - 5 + 10c - 4

24c - 14

2(12c - 7)

To learn more about a triangle, please check: https://brainly.com/question/9329354

Point C has a _____ abscissa and a _____ ordinate.



positive, negative
positive, positive
negative, positive
negative, negative

Answers

Answer:

i think its b but im not that sure

Step-by-step explanation:

The distance from Jason's house to school is 0.9 kilometer. What is this distance in meters?

The distance from Jason's house to school is
meters.

Answers

Answer:

900 meters

In 0.9 move the decimal two times to the right

That makes it 900 meters

Taryn is measuring ribbon to make decorations for a fall party. She needs

32 feet of ribbon. She has 12 &

1/3 feet of ribbon.

How many more feet of

ribbon does she need?

Answers

Answer:

19 2/3

Step-by-step explanation:

32 ft minus 12 and 1/3 ft is 19 and 2/3 ft.

How many 3/4s are in 2? Draw a tape diagram

Answers

Answer:

8/3, or 2 if you want a whole number

Step-by-step explanation:

Well, the simple answer is 2/(3/4). This is nothing but 2*4/3, which is just 8/3. (I used the theorem that states that dividing is the same as multiplying by the reciprocal)

https://www.coursehero.com/tutors-problems/Math-Other/20050339-Consider-the-problemHow-many-34s-are-in-2-1Describe-a-multiplicati/#best-answer

Draw a line representing the "rise" and a line representing the "run" of the line. State
the slope of the line in simplest form.

Answers

Answer:

The slope of this line is y=3x-3

Step-by-step explanation:

(I'm not sure but is the line on the point(1,0)? or is it past that point?)

You deposit $5000 into a savings
account. If you cam a simple
interest rate of 3%, how much
interest will you earn after 5 years

Answers

$750
Because if you multiply 5000 by .03 that equals $150 which is the amount of interest per year then you can multiply that by 5 giving you $750

What is 1+1?
I really need this answer i dont know it

Answers

Answer:

2

Step-by-step explanation:

write the sentence as an equation

46 less than m is 54.

Can someone please help me

Answers

Answer:

m - 46 = 54

Step-by-step explanation:

46 less than m is 54,

→ m - 46 = 54

Let's solve this equation,

→ m - 46 = 54

→ m = 54 + 46

→ [ m = 100 ]

So, the answer is 100.

The circumference of a circle is 20pi m. find its diameter,in meters

Answers

Answer:

20 m

Step-by-step explanation:

Circumference formula:

C = πd

Substitute and solve for d:

20π = πdd = 20π/πd = 20

(a) Aradh borrows R30 000 from the bank at 15% p.a simple interest, payable over 4 years. Calculate his monthly repayments.​

Answers

Answer:

R834.92 is the monthly repayments.

Step-by-step explanation:

A fisherman has 420 crabs. He sold one tenth of the crabs for a party. Then he sold two-thirds of the remaining crabs to a restaurant. The fisherman estimates that he has 232 crabs left. How far off is the fisherman's estimate?

Answers

Answer:

The answer I'd 28464835383637533

answer dis please

Aiko3han owo

Answers

Answer:

b

Step-by-step explanation:

-9y + 8(4z + 3y) -6x


PLZ HELP

Answers

Answer:

15y + 32z - 6x

Step-by-step explanation:

-9y + 8(4z + 3y) -6x

=> -9y + 32z + 24y - 6x

=> 15y + 32z - 6x

Hoped this helped.

Answer: 32z+15y-6x

Step by step:

-9y+8(4z+3y)-6x

-9y+32z+24y-6x

15y+32z-6x

32z+15y-6x

Find the x-intercept of y=1/2x-4

Answers

the x intercept is 8

Answer:

X=1/2

Step-by-step explanation:

Y=mx+b

Jordan will hike a trail with the distance of 25 miles at a rate of 5 miles per hour. Write a linear equation to represent the distance Jordan still has to walk after x hours. What does the y-intercept of the equation represent?

Answers

Answer:

y = - 4 x + 20

Step-by-step explanation:

The trail is 20 miles

Each hour you go 4 miles, so you subtract that each hour

How many rows would be returned from a cross join of tables A and B, if A contains 8 rows and B contains 18

Answers

The number of rows that would be returned from the cross join of tables A and B is 144 rows.

The cross join of table A and table B is the cartesian product of A and B.

Since table A = 8 rows and table B = 18 rows, the cartesian product of the rows is 8 × 18 = 144 rows.

So, the number of rows that would be returned from the cross join of tables A and B is 144 rows.

Learn more about cross join here:

https://brainly.com/question/24263570

A middle school has 212 people. 188 are students. The rest are adults. What is the ratio of students to adults? Write your ratio in three different forms.

Answers

Answer:

24 adults

Step-by-step explanation:

because it's just subtract 212-188=24

I think

FOR A BRAINLIST PLS HURRY

Answers

Answer:

y = x

Step-by-step explanation:

line has a slope 1 and passes through the origin . So the equation is y = x

need help urgently vvvvvvv

Answers

Make a line that goes up 3 right 4 that passes through the coordinate (2,-3)

Yw ;)

Step-by-step explanation:

you understand coordinates and how to find them in the chart, yes ?

because I can't draw here, I can only give you the points through which the line has to go.

one point is, of course, (2, -3).

to find another good point we use the slope 3/4.

the slope is the ratio of y change/x change when going from one point to another.

so, we find another point with integer coordinates by e.g subtracting the slope units from the point (addition would also work) :

the other point on the line would be

(2 - 4, -3 - 3) = (-2, -6)

and then you draw a line that goes through both points.

Help, I have no clue how to do this, My memory from 4th grade is bad ;)

Answers

Answer:

S=2

Step-by-step explanation:

the answer can not be higher than 2 because the inequality shows 9 is bigger than what is being added.

9 Is greater than or equal to 7+2

[tex]▪▪▪▪▪▪▪▪▪▪▪▪▪  {\huge\mathfrak{Answer}}▪▪▪▪▪▪▪▪▪▪▪▪▪▪[/tex]

Let's simpify the inequality ~

[tex]9 \geqslant s + 7[/tex]

[tex]9 - 7 \geqslant s[/tex]

[tex]2 \geqslant s[/tex]

So, the values equal to or less than 2 should be the required solutions ~

that is ~

[tex]s = 2[/tex]

Audrey has a pet-sitting service. She uses the following inequality to determine how many pets she can care for at one time, where d represents the number of dogs and c represents the number of cats. 10 + 15 < 60. A graph of the inequality is shown. Explain and interpret the meaning of the point in the graph

I missed a few days of school and I don't know how to do this problem is there any way anyone could walk me through this or show me how they got the answer?

Answers

Answer:

Step-by-step explanation:

Elizabeth bought 6 lipsticks for $15. How many lipsticks can be bought for $60

Answers

Answer:

4 lipsticks

Step-by-step explanation:

15+15=30, 30+30=60

workout the perimeter of this shape 3cm 5cm 2cm 6cm

Answers

Answer:

Perimeter is 16 cm

Step-by-step explanation:

3+5+2+6=16

im assuming the amounts given are the side lengths

16 you add them all together because there all the same units
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