Mathematics College

Xavier opened a savings account with a deposit of $12,000.

The account earned simple interest.
He did not make any additional deposits or withdrawals.
At the end of 3 years, the account balance was $12,324.
What is the annual interest rate on this account?


0.9%

1.8%

2.7%

3.6%

Answers

Answer 1

Answer:

the answer is 236.25

Step-by-step explanation:

Answer 2

The interest rate on annual basis on the given account should be considered as 0.9%.

Calculation of the annual interest rate:

Here the interest amount be

= Future value - principal

= $12,324 - $12,000

= $324

Now the interest rate be like

Interest = Principal * rate * time period

$324 = $12,000 * rate * 3/ 100

So, the rate be 0.9%.

Hence, The interest rate on annual basis on the given account should be considered as 0.9%.

Learn more about interest rate here: https://brainly.com/question/14191952

Related Questions

The following sample data are from a normal population: 10, 8, 12, 15, 13, 11, 6, 5. (a) What is the point estimate of the population mean? 8.75 Incorrect: Your answer is incorrect. (b) What is the point estimate of the population standard deviation? (Round your answer to three decimal places.) (c) With 95% confidence, what is the margin of error for the estimation of the population mean? (Round your answer to one decimal place.) (d) What is the 95% confidence interval for the population mean? (Round your answer to one decimal place.) to

Answers

Answer:

10 ; 3.464 ; 2.4 ; (7.6, 12.4)

Step-by-step explanation:

Given the data :

10, 8, 12, 15, 13, 11, 6, 5

Point estimate of population mean :

m = ΣX / n

n = sample size = 8

(10+8+12+15+13+11+6+5) / 8

= 10

Point estimate of population standard deviation :

Sqrt(Σ(X - m)^2 / n-1)

((10-10)^2 + (8-10)^2 + (12-10)^2 + (15-10)^2 + (13 - 10)^2 + (11-10)^2 + (6-10)^2 + (5-10)^2) / 7

= sqrt(84/7)

= 3.464

Margin of error at 95%:

Zcritical * sqrt(sd²/n)

Zcritical at 95% = 1.96

1.96 * sqrt(3.464^2 / 8)

Margin of Error = 2.4

Confidence interval :

m ± Z(s/sqrt(n))

10 - 1.96(3.4634/sqrt(8)) = 7.6

10 - 1.96(3.4634/sqrt(8)) = 12.4

2. The route used by a certain motorist in commuting to work contains two intersections with traffic signals. The probability that he must stop at the first signal is 0.36, the analogous probability for the second signal is 0.54, and the probability that he must stop at at least one of the two signals is 0.65. What is the probability that he must stop at exactly one signal?

Answers

Answer:

0.30

Step-by-step explanation:

Probability of stopping at first signal = 0.36 ;

P(stop 1) = P(x) = 0.36

Probability of stopping at second signal = 0.54;

P(stop 2) = P(y) = 0.54

Probability of stopping at atleast one of the two signals:

P(x U y) = 0.6

Stopping at both signals :

P(xny) = p(x) + p(y) - p(xUy)

P(xny) = 0.36 + 0.54 - 0.6

P(xny) = 0.3

Stopping at x but not y

P(x n y') = P(x) - P(xny) = 0.36 - 0.3 = 0.06

Stopping at y but not x

P(y n x') = P(y) - P(xny) = 0.54 - 0.3 = 0.24

Probability of stopping at exactly 1 signal :

P(x n y') or P(y n x') = 0.06 + 0.24 = 0.30

y = 3.915(1.106)x.
In terms of the water lily population change, the value 3.915 represents:

Answers

Answer: the initial number of water lily’s

Step-by-step explanation:

the value 1.106 represents the population increase rate

edge 2021

The value 3.915 represents the initial population of water lilies

Expoenential equations

The standard exponential equation is given as y = ab^x

where;

a is the initial populationb is the rate (growth or decline)

Given the exponential equation y = 3.915(1.106^x

On comparison, we can see that;

a  = 3. 915

This shows that the value 3.915 represents the initial population of water lilies

Learn more on exponential equation here: https://brainly.com/question/2456547

find the value of x in the equation below.

x+1=6

Answers

X+1=6
Move the constant to the right hand side and change its sing
X=6-1
You subtract the number
X=5
And that’s your solution

Select the correct answer.
de.
Currently there are 691,255 trees in a national forest. A park ranger discovered that an
untreatable disease is killing the trees at a rate of 1.5% every year.
Let t represent the number of years after the current date. Determine the inequality that can be
used to model when there will be no more than 621,859 trees, and then solve the inequality for t.
CHECK ATTACHMENT FOR OPTIONS

Answers

Answer:

691,255(0.985)t ≤ 621,859; t ≥ 7

Step-by-step explanation:

i just did it. it was C

Answer:

Yes it is corect,

C

Step-by-step explanation:

PLEASE help!!!!


Im timed!
​

Answers

Answer:

it would be B

Step-by-step explanation:

Max walks 10 meters in 4 seconds what is his walking rate in meters per second

Answers

Answer:

2.5 m/s

Step-by-step explanation:

10/4 gets the answer. it is just distance over time

Answer: 2.5 m/s

Step-by-step explanation:

121/2% in to a fraction ​

Answers

add a picture, i dont understand the question

9514 1404 393

Answer:

  1/8

Step-by-step explanation:

You can replace % with /100 to make it a fraction.

  12 1/2% = (12 1/2)/100 = (25/2)/100 = 25/200 = 1/8

__

Or, you can reduce the decimal fraction.

  12.5% = 12.5/100 = 0.125 = 125/1000 = 1/8

What number is 120% of 16?

Answers

Answer:19.2

Step-by-step explanation:

Solve the Equation

P + 75 = 100.

Answers

Answer:

P= 25 so

25+75= 100

Step-by-step explanation:

100-75

Answer:

P=25

Step-by-step explanation:

P+75=100

  -75  -75

_________

P=25

What is 83% as a decimal SHOW WORK IF U CAN HELP ASAP!!

Answers

0.83Answer:

Step-by-step explanation:

83% means 83 per 100 or 83/100 if you divide 83 by 100 you get 0.83

Answer:

.83

Step-by-step explanation:

to turn a percentage into a number you have to divide by 100, meaning you need to move the decimal point to the left 2 times so you get:

.83

hope this helps!!

If the data below were represented by a comparative bar chart, the bar
representing which of these would be the tallest?
A. Left-handed girls
B. Right-handed boys
C. Right-handed girls
D. Left-handed boys

Answers

Answer:

b right handed boys

Step-by-step explanation:

PLEASE HELP I NEED HELP WITH AN ALGEBRA 2 QUESTION ILL GIVE BRAINLEST

Answers

Answer:

the zeros of the function are those that result, when plugged into the equation, in zero; the zeros are -3, 1, and 1/2

Step-by-step explanation:

all possible factors:

±3/2,  ±1/2,  ±3,  ±1

2x³ + 3x² - 8x + 3

let '2' = p and let '3' = q

factors of 'p' are 1 and 2

let '3' = q

factors of 'q' are 1 and 3

possible factors are q/p

Two pencils and one pen cost $0.80, and one pencil and two pens cost $1.15. How many cents would three pencils cost

Answers

Answer:

.33 cents

Step-by-step explanation:

Please answer quickly Thank You

Answers

Answer:

A. $ 46

B. 12 people.

Step-by-step explanation:

From the question given above, we obtained the following:

C(x) = 6.5x + 20

Where:

C => total cost of bowling

x => number of people

A. Determination of the of bowling for 4 people.

Number of people (x) = 4

Total cost (C) of bowling =?

C(x) = 6.5x + 20

C(4) = 6.5(4) + 20

C(4) = 26 + 20

C(4) = $ 46

Thus, it will cost $ 46 for 4 people to bowl

B. Determination of the number of people that can bowl for $ 98.

Total cost (C) of bowling = $ 98

Number of people (x) =?

C(x) = 6.5x + 20

98 = 6.5x + 20

Collect like terms

98 – 20 = 6.5x

78 = 6.5x

Divide both side by 6.5

x = 78 / 6.5

x = 12

Thus, 12 people can bowl for $ 98.

Write the equation in slope intercept form of the line perpendicular to the given line that passes through the-given points (8,-5);y=2x+3

Answers

Answer:

y -y1= m(x-x1)  is in point slope form

y --9 = -2 (x-10)

y+9 = -2(x-10)

Step-by-step explanation:

HOPE THIS HELPS!!!

Select all the correct answers.

Janine needs to calculate the value of log , 81

Which expressions could she input into her calculator to find this value?

In 81

12

✓

in 81

In 12

log 81

log 12

log 81

In 12

log 12

log 81

Answers

Answer:

In 81 / In 12 ;

log 81 / log 12

Step-by-step explanation:

Log 12 81

Log 81 base 12

According to rule of logarithm :

Log 81 base 12 = (log 81 base 10) / log 12 base 10)

Obtaining the value :

(log 81 base 10) / log 12 base 10) = 1.7684564

Using trial and error method :

log 81 / In 12 = 0.7680308

In 81 / In 12 = 1.7684564

In 81 / 12 = 0.3662040

Hence, the correct answers are :

In 81 / In 12

log 81 / log 12

Corey need a 24 boards that are 47 1/2 inches long







A. How many feet a boards should he buy? Explains.










B. if you can only buy 8-fot boards, how many should he buy? explain ​

Answers

Answer:

Step-by-step explanation:

1 foot = 12 inches

47.5 inches × (1 foot)/(12 inches) = (47.5/12) feet

24 boards × ((47.5/12) feet)/board = 95 feet

:::::

(8 feet)/board × (12 inches)/foot = (96 inches)/board

96/47.5 = 2 remainder 1

An 8-foot board provides two 47.5" boards, with an inch wasted.

He needs to buy 12 of the 8-foot boards.

HELP PLEASE IM BEGGING PLEASE PLEASE PLEASE

Answers

Answer:

h - 18 = 67

Step-by-step explanation:

If h is her height, then her height minus 18 is 67, or h - 18 = 67

Answer:

67 = h - 18

Step-by-step explanation:

Sry I meant h-18 = 67

Find the indicated term of each sequence by repeatedly multiplying the first term by the common ratio.
Enter your answer to 5 decimal places if necessary. Use a calculator.
A
-50, 35, -24.5,..;5th term
The 5th term of the sequence is 70

Answers

Answer:

Step-by-step explanation:

The first term here is -50 and the common ratio is 0.70.  Note that the second term is 0.70(50) = 35.

The formula a(n) = a(0)*r^(n -1) becomes  a(n) = -50*0.70^(n -1), and so

the 5th term is a(5) = -50*0.70^4 = -12.005

What is the result when 6x3 + 11x2 + 9x + 2 is divided by 3x + 1?

Answers

Answer:

(6x^(3)+11x^(2)-19x+5)-:-(3x-2)

Step-by-step explanation:[tex]63+112+32+1[/tex]

for some reason it showed that but yeah hope this helps!

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