$500 principal earning 4% compounded quarterly, after 10 yrCompound Interest Formula: %5E%7Bnt%7D)
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The compound interest formula is A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time in years.
In this case, we can plug in the values given in the question to find the final amount earned after 10 years. The principal is $500, the annual interest rate is 4%, which is divided by 4 to get 1% per quarter, the number of times compounded per year is 4, and the time in years is 10. Plugging in these values, we get A = 500(1 + 0.01)^(4*10) = $740.60. Therefore, the final amount earned after 10 years is $740.60.
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Related Questions
What number is 35% of 22
5x^3+15x^2+10x please help with this I need to see how its worked out not just the answer I no the answer just don't no how to work out the problem
What should be done so that the expression will have a value of 10?12 - 2 + 22 ÷ 8 Add parentheses around 12 - 2. Add parentheses around 2 + 2. Add parentheses around 22 ÷ 8. Nothing needs to be done.
This is hard for me, can someone please help? Loren solved the equation 10 = StartFraction 19 Over 9 EndFraction (149) + b for b as part of her work to find the equation of a trend line that passes through the points (1, 130) and (10, 149). What error did Loren make? She should have solved 10 = StartFraction 9 Over 19 EndFraction (149) + b for b. She should have solved 1 = StartFraction 19 Over 9 EndFraction (130) + b for b. She should have solved 149 = StartFraction 19 Over 9 EndFraction (10) + b for b. She should have solved 130 = StartFraction 9 Over 19 EndFraction (1) + b for b.
The figures in each pair are similar. Find the missing length.
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Answer:y=3 1/8
Step-by-step explanation:
What is the answer?
a=−24
a=−10
a = 10
a = 24
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a - 7 = -17
+ 7
a = -10
So your answer is a = -10, I hope this helps!
Answer:
-10
Step-by-step explanation:
just took the test
(05.03) calculate the area of the irregular polygon shown below
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Hope I explain it okay and it helps you!
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Answer:
The value of each of the numbers is 125% of 4 hours 40 minutes is equal to 5 hours 50 minutes.
If this helped you let me know. If not, I will improve and make sure my work is correct. Have a nice day!
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So Eric has 12 candy bars
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The equation that satisfies all the points is y= -x+9 and the correct option is A.
What is an Equation?
An equation is a statement that is formed when two algebraic expressions are equated using an equal sign.
The table of x-y represents a line
x y
5 14
-2 11
1 8
4 5
The equation that satisfies these values has to be determined.
Substituting (5,14)
The first equation is
y = -x+9
Substituting the values in the equation
14 = 5 +9
14=14
Substituting (-2,11)
11 = 2+9
11 = 11
Substituting (1,8) ; (4,5)
8 = -1+9
8 = 8
4 = -5+9
4=4
Therefore, The equation that satisfies all the points is y= -x+9, and the correct option is A.
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Answer:
Answer:
1. y= -x+9
Step-by-step explanation:
plug the coordinates inside each of the equation
14 = -(-5)+9 --> 14 = 14
11 = -(-2)+9 --> 11=11
8 = -(1)+9 --> 8=8
5 = -(4)+9 --> 5=5
Step-by-step explanation: