Your bank pays 4% annual interest compounded quarterly on January 1, April 1, July 1, and October 1. You deposited $840 on April 1 and made no other deposits or withdrawals. Find your savings account balance on January 1 of the next year.
and
Your bank pays 4% annual interest compounded quarterly on January 1, April 1, July 1, and October 1. You deposited $840 on April 1 and made no other deposits or withdrawals. How much interest did you earn for these nine months?

Answer:

The interest earned in 9 months is $25.45284

Step-by-step explanation:

The interest rate given by the bank = 4%

The rate at which the interest is applied = Quarterly

The amount of money deposited = $840

The formula for compound interest is given as follows;

[tex]Compound \ interest = P \times \left [ \left(1 + \dfrac{r}{n} \right )^{t \times n} - 1\right ][/tex]

Where;

P = The principal = $840

r = The rate = 4% = 0.04

n = The number of times the interest is compounded per period  = quarterly = 4

t = The time duration in period = 9 months = 3/4 × 1 year

Substituting the values gives the Compound interest C.I. as follows;

[tex]C.I. = 840 \times \left [ \left(1 + \dfrac{0.04}{4} \right )^{\dfrac{3}{4} \times 3} - 1\right ] = 840 \times \left [ \left(1 + \dfrac{0.04}{4} \right )^{ 3} - 1\right ] = \$ 25.45284[/tex]

The interest earned in 9 months = $25.45284.

24% of what number is 16.08

Ten students in your class put their names on slips of paper inside a box. Out of the ten students, four are girls, and six are boys. Five names are chosen.
What is the probability that three girls and two boys are chosen?

1.90%
350%
7.14%
23.81%

A hypothetical population consists of eight individuals ages 14, 15, 17, 18, 19, 21, 28, and 30 years What is the probability that a person in this population is a teenager? What is the probability of selecting a participant older than 30? What is the probability of selecting a participant who is at least 20 years old?

which is greater -13 or -16?

How do Sasa’s film techniques relate to the content and mood of this excerpt?

6 blue slabs have a mean weight of 7 kg. 3 yellow slabs have a mean weight of 5 kg. 1 grey slab has a mean weight of 9kg. work out the mean of 10 slabs

What is the answer to this question?
91
X51

Jackson is riding his bike in a 150 mile race. If he wants to keep the same pace for the first five hours then go as fast as he can the last 20 miles. How many miles should he travel in the first hour of his race?

Possible answers:
A. 18 miles
B. 22 miles
C. 24 miles
D. 26 miles

Evaluate the expression 8n for n = 1 5/12

6. Just because a diet is popular does not mean it is safe and effective. True False

HELP FAST!
Not really math its PE

Bryant collected 2 pounds of newspaper for the recycling drive. Luther collected 3 7/8 times as much newspaper as Bryant. How many pounds of newspaper did Luther collect?

are 3 6 9 12 15 and 18 a related function

How could i improve my math skills? i'm so freaking bad at math i've been in a f for over a month and don't remember anything i've learned over the years. i'm in 10th grade and feel like imma fail or have to dropout of school to be a failure at life. >:(
how can i get better b4 i get kicked outta my homeschool and put into brick and mortar and get the 'rona.

You have $40 to spend on coffee and tea. Graph the equation 8x+4y=40 , where x is the number of bags of coffee and y is the number of boxes of tea. Then find the maximum number of bags of coffee you can buy.

BEST ANSWER WILL BE MARKED BRAINIEST
Are same side interior angles complementary or supplementary?
Are same side exterior angles complementary or supplementary

Given the function f(x) = 3x + 2, and g(x) = -x + 10, find the value of x for which f(x) = g(x).

can someone help me?

answer to question below

Carter bought 0.1 pounds of peanuts and 0.2 pounds of raisins. How many pounds of snacks did he buy in all?

I just need help with the graphing the rest of them are all drop downs lol​

1. -1 + 2

2. 1 + (-2)

3. -1 - 2
-
4. 1 - (-2)

what is the 289345.29 x 13.4

PLZZZZZ HELP I WILL GIVE BRAINLEST POINTS AND EXTRA POINTS
1. Identify each of the following situations or equations as proportional or non-proportional and explain your reasoning.

(a) The total cost of rent is determined by recording x months of rent at $1400 per month, plus a $150
application fee.
(b) y =3/4x
(c) y=1/2x - 6

The listed price of a refrigerator is $ 9700. If a sales tax of 6% is charged from the buyer, find the selling
price of the refrigerator,
the dollar

A hierarchy of quadrilaterals is shown. Name the figures that complete the hierarchy. Number the figures in your response to indicate where in the diagram they belong.​

what is the slope of (12,22) (-20,19)

Nicole deposits $300 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 5 years

This is really head to so try yo best

What percent of 25 is 5?
How do you know your answer is correct?

(4.076 x 10^4) + (3.2 x 10^4)