If, at the end of two years, a savings account has a balance of $1,172.60, and the interest rate is compounded monthly at 3.2%, then what is the original amount deposited two years ago?

Answers

Answer 1

Answer:

$1101

Step-by-step explanation:

Given data

A= $1,172.60

R= 3.2 = 0.032

t= 2

The expression for compound interest is

A= P(1+r)^t

Substitute

1172.60=P(1+0.032)^2

1172.60=P(1.032)^2

1172.60=P1.065

Divide both sides by 1.065

1172.60/1.065= P

P=$1101

Hence the original amount is $1101


Related Questions

Mr. Jones charged Roberta $105 for parts and $25 per hour for labor to repair her bicycle. He spent 2 hours repairing her bike. Which expression would be used to correctly calculate the amount Roberta owes him?

a.(2 × 25) + 105

b.(105 x 2) + (25 x 2)

c.2 x (25 + 105)

d.2 x 25 × 105

Answers

Answer:

a.(2 × 25) + 105

Step-by-step explanation:

Let the number of hours spent repairing the bike = x

Mr. Jones charged Roberta $105 for parts and $25 per hour for labor to repair her bicycle.

Therefore, our algebraic expression

= $25× x + $105

= 25x + 105

We were told in the question that He spent 2 hours repairing her bike.

Hence:

25 × 2 + 105

Therefore, the correct option is option a

a.(2 × 25) + 105

At a restaurant, the bill comes to $30. If you decide to leave a 10% tip, how much total do you need to pay? Give your answer to the nearest dollar.

Answers

Answer:

33dollors if I'm not mistakin

HELP HELP HELP HELP HELP PLEASE PLEASE!!!!!!

Answers

I did something very very similar to this bu it was couple years ago

9514 1404 393

Answer:

  84 = j × 7

Step-by-step explanation:

A product results from multiplying two numbers. Here, the two numbers are said to be "Julie's score" and 7. "Julie's score" is represented by j, so the product is ...

  j × 7

Then the translation can be ...

  84 is the product of j and 7

  84 = j × 7

__

In algebra, we can indicate a product without the multiplication symbol, simply by writing the factors next to each other. Generally, we write the numeric factor first:

  84 = 7j . . . . another way to write the answer

Note that this latter method does not seem to appear in the forms available for your answer box.

Which type of interest will earn you more money in a savings account?

Answers

Answer:

a compound interest that has the lowest interest rate .  

Step-by-step explanation:

three and two forths - one and two thirds =
3 2/4 - 1 2/3 =

Answers

Answer:

1.83333333333

Step-by-step explanation:

pls mark me brainliest

ok thanks :) :) :) :)

The bottom part of this block is a rectangular prism. The top part
is a square pyramid. How much paper is needed to completely
cover the block? Explain.​

Answers

Answer:

Check question number 9 in that file you may be able to understand the problem

Step-by-step explanation:

PLEASE HELP 22 POINTS

Answers

Answer:

y = 15 m<a = 78 m<b = 68

Step-by-step explanation:

(5y+3) + (4y+8) --> 9y + 11

9y + 11 = 146

y = 15

plug in 15 into the equations for the angles and you get

m<a = 78

m<b = 68

HELP QUICK ILL GIVE TOU BRAINLIEST
find the surface area...

Answers

Answer: 483.09 in^2
Explanation: 12, 11, 10, 12

how much is 1/2÷8×57÷13+15

Answers

Answer:

Use the BODMAS method and at the end work the fraction left by adding it to 15

My answer was 15.274


[tex] \sqrt{361} [/tex]


Answers

Answer:

19

Step-by-step explanation:

Answer:

19

Step by step explanation:

Ricardo works as a real estate agent. he earns 6% commission for every how he sells. last month, Ricardo sold two homes. One sold for $135,000 and the other sold for $160,000. how much did Ricardo earn by selling these two homes?

Answers

Add the two houses together:

135000 + 160000 = 295,000

Multiply the total by the percentage:

295,000 x 0.06 = $17,700

He earned $17,700

Estimate the value of 50.
O A. between 5 and 6
O B. between 6 and 7
C. between 7 and 8
<
D. between 8 and 9
PLEASE HELPP

Answers

Answer: c

Step-by-step explanation: because 7 squared is 49 and 8 squared is 64

nvm i read the question wrong

Step-by-step explanation:

the person above is correct

help help meeee!!!!!

Answers

Answer:

The correct answer will be $725

Answer:I believe it is $725

Step-by-step explanation: 12.50(1+0.16)

= 14.5 then 14.5 times 50 = 725

An environmental study was conducted. It reported that houses with more inhabitants do not necessarily produce more or less trash. What can be determined?
A. There is no correlation between number of inhabitants and amount of trash produced.
B. There is a correlation between number of inhabitants and amount of trash produced. However, there is no causation. This is because there is probably an increase in the amount of trash produced with an increase in the number of inhabitants.
C. There is a correlation between number of inhabitants and amount of trash produced. There may or may not be causation. Further studies would have to be done to determine this.

Answers

Answer:

C.

Step-by-step explanation:

There's no problem for now but it still needs to be monitored in case something might happen.

What’s the answer pls

Answers

Answer:

Step-by-step explanation:

There is no bird on the spinner. therefore the answer is impossible because there is no bird.

Answer:

Impossible - There's no bird on the wheel.

Step-by-step explanation:

Can you help me please with this

Answers

-39/100 is the answer according to me ..

Plz mark me as brainliest if u found it helpful

List all factors of 72

Answers

Answer:

1,2,3,4,6,8,9,12,18,24,36,72.

Step-by-step explanation:

What you are looking for are numbers that multiply by each other to equal 72, like 1 and 72 or 8 and 9. Factor tree may help, search it up :)

How do you graph y=−x−2.

Answers

Y=-x-2 that is how you graph it
Isn’t that how you graph it? I’m confused about the question sorry!

A professor in one city earns $61,000 a year. A bioengineer earns $95,750. A nurse earns $50,600. What is the difference in salary between the professor and nurse?

Answers

Answer:

The difference is 10,400$.

Step-by-step explanation:

$61,000-$50,600=$10,400

PLZ HELP ME What shape is this cross-section?

Answers

Answer:

i'm not sure if i'm right but think is cube

Photo attached please help

Answers

it’s a

hope this helped!:)
I’m pretty sure it’s a

What is the area of the composite figure?

Answers

Hello! :)

[tex]\large\boxed{A = 32.5cm^{2}}[/tex]

We can use the following area to solve for the area of the trapezoid pictured:

[tex]A = \frac{1}{2}(b_{1} + b_{2})h[/tex]

Where:

h = height

b1 = bottom base

b2 = top base

Plug in the given values:

[tex]A = \frac{1}{2}(9 + 4)(5)[/tex]

Simplify:

[tex]A = \frac{1}{2}(65)\\\\A = 32.5 cm^{2}[/tex]

Isabella is making a display board for the school trip. The display board is 2.50m by 2m rectangle. She needs to cover the entire display board with card. How much card would she needs?

Answers

Answer:

5m^2

Step-by-step explanation:

Given data

Length of board= 2.50m

Width of board= 2m

The cover need should have the same area as the board

Area= Length*Width

Area= 2.5*2

Area=5m^2

Hence the area of the cover is 5m^2

Which of the following lists of ordered pairs is a function?
O A. (2, 4), (0, 2), (2, -4), (5,3)
O B. (1,6), (2,7),(4,9), (0,5)
O c. (0, 2), (2, 3), (0, -2), (4,1)
O D. (1, 2), (1, -2), (3, 2), (3, 4)

Answers

Answer:

b

Step-by-step explanation:

Answer:

The option B i.e.(1,6), (2,7),(4,9), (0,5) represents the function.

Step-by-step explanation:

We know that a function is a relation where each input or x-value of the X set has a unique y-value or output of the Y set.

In other words, we can not have duplicated inputs as there should be only 1 output for each input.

Checking option A:

(2, 4), (0, 2), (2, -4), (5,3)

Here, the input x = 2 is repeated twice.

Thus, option A does not represent the function as the input x = 2 is duplicated and we can not have duplicated inputs as there should be only 1 output for each input.

Checking option B:

(1,6), (2,7),(4,9), (0,5)

It is clear that no input value is repeated. In other words, each input or x-value of the X set has a unique y-value or output of the Y set.

Thus, the option B represents the function.

Checking option C:

(0, 2), (2, 3), (0, -2), (4,1)

Here, the input x = 0 is repeated twice.

Thus, option C does not represent the function as the input x = 0 is duplicated and we can not have duplicated inputs as there should be only 1 output for each input.

Checking option D:

(1, 2), (1, -2), (3, 2), (3, 4)

Here, the input x = 1 is repeated twice, and also x = 3 is repeated twice,

Thus, option D does not represent the function as we can not have duplicated inputs as there should be only 1 output for each input.

Conclusion:

The option B i.e.(1,6), (2,7),(4,9), (0,5) represents the function.

(GIVING BRAINLYIST) 4 ÷ 1/2 YOU HAVE TO show your work on paper using fraction models!

Answers

Answer:

8

Step-by-step explanation:

so my school uses the method called kcf (keep change flip)

keep the 4

change the division sign to a multiplication sign

flip 1/2 to 2/1

4x2=8

Answer:

8 i first said two but used a caculater and found out it was 8

Step-by-step explanation:

5/= 1.5 x 25

What is 1.5 × 25

A. 22.5

B. 37.5

c. 52.5

D. 85.5​

Answers

Answer:

37.5 is the answer

Step-by-step explanation:

all you do is just multiply the 2 numbers

Drag and drop the correct terms to classify the triangles based on sides or angles.

Answers

1. Equilateral
2. Isosceles
3. Scalene
4. Right
5. Acute
6. Obtuse

The triangles are classified below.

What is a triangle?

It is a two-dimensional figure which has three sides and the sum of the three angles is equal to 180 degrees.

We have,

An equilateral triangle is a triangle where all three sides are equal.

The right triangle is a triangle where one angle is 90 degrees.

An isosceles triangle is a triangle where two sides are equal.

An obtuse triangle is a triangle where the angle is greater than 90 degrees

An acute triangle is a triangle where the angles are less than 90 degrees.

A scalene triangle is a triangle where all three sides are different.

Now,

Side 5 cm, 5 cm, 5 cm, and 5 cm is an equilateral triangles.

Since all the sides are the same.

Sides of 3 cm, 5 cm, and 5 cm is an isosceles triangle.

Since the two sides are the same.

Sides of 3 cm, 5 cm, and 7 cm is a scalene triangle.

Since all three sides are different.

Angles of 40°, 50°, and 90° is a right triangle.

Angles of 40°, 60°, and 80° is an acute triangle.

Angles of 40°, 40°, and 100° is an abtuse triangle.

Thus,

The triangles are classified above.

Learn more about triangles here:

https://brainly.com/question/25950519

#SPJ5

Which expression is the same as (2 x 7) x 3 ?

Answers

Answer:

[tex]42x^{2}[/tex]

Helppppppppppppp meeeeee

Answers

Answer:

9

Step-by-step explanation:

because 9 in a third is 3

3 + 12 is 15

9x2 is 18

and 15 is 3 less than 18


Solve for x:
3x – 2(6 - x) = 7x + 2(5 + x) – 6

Answers

Answer:

-4

Step-by-step explanation:

3x-2(6-x)=7x+2(5+x)-6

First, distribute.

3x+ −12+ 2x = 7x + 10 + 2x −6

Combine like terms on each side.

5x − 12= 9x + 4

To solve for x, pick a side to solve. I will solve the right x.

5x - 12 = 9x + 4

-5x         -5x

-12 = 4x + 4

Subtract 4 to isolate the variable.

-16 = 4x

Divide 4.

-4 = x

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