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A bank offers a 4% annual interest rate for a savings account. Nathan puts $3,800 into an account to save for college. How much will be in the account after a year?

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A bank offers a 4% annual interest rate for a savings account. Nathan puts $3,800 into an account to save for college. How much will be in the account after a year?

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Which of the following would be a good reason to place your money into a savings account? a. You can purchase stocks with a savings account b. A savings account earns interest c. You can write checks with a savings account d. You can use a debit card to make transactions

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Which of the following would be a good reason to place your money into a savings account? a. You can purchase stocks with a savings account b. A savings account earns interest c. You can write checks with a savings account d. You can use a debit card to make transactions

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Mai is putting money into a savings account. She starts with $350 in the savings account, and each week she adds $60 . Let S represent the total amount of money in the savings account (in dollars), and let W represent the number of weeks Mai has been adding money. Write an equation relating S to W . Then use this equation to find the total amount of money in the savings account after 12 weeks. Equation: Total amount of money after 12 weeks: $

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Answered by answersmine AT 22/10/2019 – 03:50 AM

S=60w+ 350. Because you get $60 times the amount of weeks,plus the first $350 she started with. She ends up with $1070 dollars because $60 x 12= 720, then you add the first $350 and get $1070. Hope this helped.

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If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals. A. $3,286.68 B. $1,832.10 C. $1,824.98 D. $9,160.52

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If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals. A. $3,286.68 B. $1,832.10 C. $1,824.98 D. $9,160.52

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Andrew deposited $500 in a savings account that offers an interest rate of 6.5%, compounded continuously. Andrew's initial deposit will grow to $543 in ___ months.

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Andrew deposited $500 in a savings account that offers an interest rate of 6.5%, compounded continuously. Andrew’s initial deposit will grow to $543 in ___ months.

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Shelby has an account at a financial institution that will waive the monthly fee if she keeps a certain amount in savings. what kind of account does she have?

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Depreciation=(equipment cost-salvage value)/useful life

Depreciation=(16,950−4,200)÷6
=2,125 per year

Book value after 3 years
=16,950−2,125×3
=10,575

Now find the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life
Depreciation=(equipment cost-salvage value)/useful life

Depreciation=(10,575−1,695)÷3
=2,960

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Amy wants to buy a pair of jeans that cost $65. Today the store is offering a straight discount of 25%. Calculate her savings and cost after the discount.

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Answer:

Option C – BD=76 cm

Step-by-step explanation:

Given : You are designing a diamond-shaped kite. you know that AD = 44.8 cm, DC = 72 cm, and AC = 84.8 cm.

To find : How long BD should it be?

Solution :

First we draw a rough diagram.

The given sides were AD = 44.8 cm, DC = 72 cm and AC = 84.8 cm.

According to properties of kite

Two disjoint pairs of consecutive sides are congruent.

So, AD=AB=44.8 cm

DC=BC=72 cm

The diagonals are perpendicular.

So, AC ⊥ BD

Let O be the point where diagonal intersect let let the partition be x and y.

AC= AO+OC

AC=  x+y=84.8 …….[1]

Perpendicular bisect the diagonal BD into equal parts let it be z.

BD=BO+OD

BD=z+z

Applying Pythagorean theorem in ΔAOD

where H=AD=44.8 ,P= AO=x , B=OD=z

H^2=P^2+B^2

(44.8)^2=x^2+z^2  ………[2]

Applying Pythagorean theorem in ΔCOD

where H=DC=72 ,P= OC=y , B=OD=z

H^2=P^2+B^2

(72)^2=y^2+z^2 …………[3]

Subtract [2] and [3]

(72)^2-(44.8)^2=y^2+z^2-x^2-z^2

5184-2007.04=(x+y)(x-y)

3176.96=(84.8)(x-y)

37.464=x-y ……….[4]

Add equation [1] and [4], to get values of x and y

x+y+x-y=84.8+37.464

2x=122.264

x=61.132

Substitute x in [1]

x+y=84.8

61.132+y=84.8

y=23.668

Substitute value of x in equation [2], to get z

(44.8)^2=x^2+z^2

(44.8)^2=(23.668)^2+z^2

2007.04-560.174224=z^2

z=sqrt{1446.865776}

z=38.06

We know, BD=z+z

BD= 38.06+38.06

BD= 76.12

Nearest to whole number BD=76 cm

Therefore, Option c – BD=76 cm is correct.

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Calculate the simple interest you would receive in one year on a savings account that earns 5% annual interest. your beginning balance is $255.19.

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The Contribution Margin per unit (CM) can be calculated
from the difference of Selling Price per unit (SP) and Total Expenses per unit
(TE).

 

First, let’s calculate the value of SP:

SP = Sales / Units sold

SP = $1,043,400 / 22,200 units sold

SP = $47

 

Second, calculate all expenses:

Direct materials per unit = $234,948 / 27,970 units
manufactured = $8.4

Direct labor per unit = $131,459 / 27,970 units
manufactured = $4.7

Variable manufacturing overhead per unit = $240,542 / 27,970
units manufactured = $8.6

Variable selling expenses per unit = $113,220 / 22,200
units sold = $5.1

TE = $26.8

 

Therefore the CM is:

CM = SP – TE

CM = $47 – $26.8

CM = $20.2 per unit

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1). The $70 selling price of a bicycle is the cost increased by 4 times the cost. Find the cost? 2). Three pounds less than twice mikes weight is 215 pounds. What is his weight? 3). If mr Washingtons saving were increased by 5 times his savings. He would then save $36,000. How much has he saved ? PLEASE SHOW YOUR WORK !!!!

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Here are the following effects of loose money and tight
money policies on the actions being listed.

A. A loose money policy
is usually implemented as an effort to encourage economic growth.
This can lead to inflation when uncontrolled. The effects are:

1. Borrowing becomes easy

2. Consumer buys more

3. Since more people are willing to buy,
businesses expand

4. Employment rate increases due to
expansion of businesses

5. Since more people are employed, thus
production also increases

 

B. A tight money policy is a course of action to restrict spending
in an economy that is growing too quickly or to hold back inflation when it is
rising too fast. This can lead to recession when uncontrolled. The
effects are:

1. Borrowing becomes difficult

2. Consumer buys less

3. Since people don’t have a lot of
money, business don’t expand

4. Unemployment rate increases due to businesses
slowing down

5. Production decreases

 

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How should students pay for monthly expenses? A. By credit card B. By debit card C. By taking out cash-advance loans D. By taking money out of their savings

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How should students pay for monthly expenses? A. By credit card B. By debit card C. By taking out cash-advance loans D. By taking money out of their savings

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Adam put $100 in a savings account after 10 years he had $1649 in the account what rate of interest did he earn? use the formula a=pe^rt where a is the ending amount p is the principal (initial amount) r is the interest rate and t is the time

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Answer:  The correct option is (C). 10 = square root of the quantity of x minus 8 all squared plus y minus 9 all squared

Step-by-step explanation:  Given that the segment AB has point A located at (8, 9). The distance from A to B is 10 units.

We are to select the correct option that could be used to calculate the coordinates for point B.

Let, (x, y) be the co-ordinates of point B.

According to distance formula, the distance between two points (a, b) and (c, d) is given by

d=sqrt{(c-a)^2+(d-b)^2}.

Therefore, the distance between the points A(8, 9) and B(x, y) is given by

d=sqrt{(x-8)^2+(y-9)^2}.

Since, distance between A and B is 10 units, so

d = 10.

Therefore,

10=sqrt{(x-8)^2+(y-9)^2}.

Thus, the correct statement is

10 = square root of the quantity of x minus 8 all squared plus y minus 9 all squared.

Option (C) is correct.

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After all of your expenses are subtracted from your income, the money left over is known as your savings.

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After all of your expenses are subtracted from your income, the money left over is known as your savings.

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Samantha wants to use her savings of $1150 to buy shirts and watches for her family. the total price of the shirts she bought was $84. the watches cost $99 each. what is the maximum number of watches that samantha can buy with her savings? (1 point)

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127=7 (mod n) means when 127 is divided by n, the division leaves a remainder of 7.

The statement is equivalent to
120=0 (mod n), meaning that n divides 120.

All divisors of 120 will satisfy the statement because 120 divided by a divisor (factor) will leave a remainder of 0.

Factors of 120 are:
n={1,2,3,4,5,6,8,10,12,15,20,24,30,40,60,120}, |n|=16.
You can count how many such values of n there are, and try to check that each one satisfies 127=7 mod n.

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Harry Hoodeen made $24,567.00 net pay last year. His monthly expenses averaged $1,980.00. How much was left over for savings for the year?

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Harry Hoodeen made $24,567.00 net pay last year. His monthly expenses averaged $1,980.00. How much was left over for savings for the year?

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Ben owns a townhome valued at $ 195,000, but still owes $120,000 on the loan. Ben has $5,000 in savings and balance of $1,400 on his credit cards. There is a balance of $20,000 owed on Ben's car which is valued at $ 38,000. What is ben's net worth?

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Ben owns a townhome valued at $ 195,000, but still owes $120,000 on the loan. Ben has $5,000 in savings and balance of $1,400 on his credit cards. There is a balance of $20,000 owed on Ben’s car which is valued at $ 38,000. What is ben’s net worth?

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How many times can you transfer money from a savings account?

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The equations is A= P(1 + r)^t, where P is the amount invested, r is the interest rate, and t is the time.  So A, your total amount in the bank account including interest, is equal to 6500(1.04)^7, which is The answer is $8553.56 (that’s what I rounded to). That is your total, so subtract 6500 from that number and you’ll get the interest amount. 

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If Jackson is paid an interest rate of 10 percent on his savings, but the inflation rate has risen to 20 percent, the purchasing power of his savings is _____.

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If Jackson is paid an interest rate of 10 percent on his savings, but the inflation rate has risen to 20 percent, the purchasing power of his savings is _____.

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Stephen deposited $1800 into a savings account for which interest is compounded weekly at a rate of 3.2%. How much interest will he earn after 10 years? A. $58.51 B. $678.59 C. $2478.59 D. $7679.48

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Stephen deposited $1800 into a savings account for which interest is compounded weekly at a rate of 3.2%. How much interest will he earn after 10 years? A. $58.51 B. $678.59 C. $2478.59 D. $7679.48

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Brain deposited 9000 into a savings account for which interest is compounded monthly at a rate of 2.36%. How much interest will he earn after 11 years?214.71416.032336.402664.73

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Answer:

Her current balance is $17,574.21

Step-by-step explanation:

Given :

Barbie,s passbook savings account started out with $12000 as last month’s balance.

She has made two deposits of $25.67 and $5133.54

She made a withdrawal of $145.00.

Interest of Amount $560 is added to account.

To Find : Current Balance

Solution :

Barbie’s account balance was $12000

She has made two deposits of $25.67 and $5133.54

So, after the addition of amount of these two deposits .

The new balance = $12000 +$25.67 + $5133.54 = $17,159.21

Now, She made a withdrawal of $145.00.

So, new balance after the deduction of withdrawal amount = $17,159.21-$145.00. = $17,014.21.

Now, interest of Amount $560 is added to account.

So, after the addition of amount of interest New balance is

= $17,014.21 +$560= $17,574.21

Hence ,The current balance is $17,574.21

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Which financial institutions are often called thrifts? a finance companies b savings and loans c commercial banks d credit unions

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Answer: b. savings and loans

Explanation:

Savings and loans financial institutions are known to be financial institutions which permit account holders to deposit and save money in their account. Furthermore, the financial institutions in turn pay interest into the account. They are also known as savings bank or thrifts. Thus, they provide loan to individuals in order to buy a house.

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With a traditional savings account, you could be charged a fee if:

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When an insurance company needs to provide a payout, the money is removed from “a pool of funds”.

Pooled funds are assets from numerous individual financial specialists that are amassed for the reasons for speculation, as on account of a shared or annuity support. Investors in pooled fund ventures profit by economies of scale, which take into account bring down exchanging costs per dollar of venture, expansion and expert cash the executives. Alongside the additional costs engaged with the type of the executives charges, the fundamental detractor of pooled fund investments is that capital increases are spread equally among all investors, now and then to the expense of new investors.

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Steven wants to buy a $500 bicycle steven has no money saved but will be able to deposit $45 into a savings account when he receives his paycheck each friday however before steven can buy a bike he must give his sister $85 that he owes her for how many weeks will steven need to deposit money into his savings account before he can pay back his sister and buy the bike ?

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Answer:

Step-by-step explanation:

Given that the quiz scores for two different groups of math students are given below.

Group A =93, 90, 71, 77, 85, 75, 77, 85, 87, 90

Count =10: Mean = 83: Std dev: = 7.0852

Group B = 71, 75, 85, 95, 71, 71, 90, 95, 87, 80

Count =10: Mean = 82: Std dev: = 9.230

Since std dev is lower for group A

Group A has less variability and hence more consistent.

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Jimmys dad gave him $100 on his birthday, which is January 1. Jimmy deposited the $100 in his savings account the same day. At the beginning of every month thereafter, jimmy decides to deposit three time the amount he did in the previous month. On June 15th of the same year, the amount in jimmys account will be

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Firstly let’s find the dimension of this large rectangle:(given)

Area of Rectangle = 660 x 66 =43,560 ft²

And we know that 1 acre = 43,560 ft², then each rectangle has an area of 1 acre & the 20 acres will correspond to 20 x 43560 = 871,200 ft²

We know that the 20 acres form a rectangle. We need to know what is their disposition:

1) We would like to know the layout of the rectangles since we have 4 possibilities FOR THE LAYOUTS

Note that W=66 & L=666 = 43,956 ft²/ unit )

lay out shape could be either:(in ft)
1 W by 20 L  (Final shape Linear 66 x 13320 = 879,120) or
2 W by 10 L  (Final shape Stacked  132 x 6660 = 879,120) or
4 W by   5 L  (Final shape Stacked  264 x 3330 = 879,120) or

2) We would like to know the number of participants so that to allocate equal space as well as the pedestrian lane, if possible, if not we will calculated the reserved space allocated for pedestrian/visitors)

3) Depending on the shape given we will calculate the visitor space & we will deduct it from the total space to distribute the remaining among the exhibitors.

4) (SUGGESTION) Assuming it’s linear, we will reserve
20ft x 13320 ft = = 266,400 ft² and the remaining 612,720 ft² for exhibitors
5) Depending on the kind of the exhibition, we will divide the 612,720 ft² accordingly
6) How can we select the space allocated for each exhibitor:
 the 617,720 ft² could be written as a product of prime factors:
612720 = 2⁴ x 3² x 5 x 23 x 37
If you chose each space will be185 ft² , then we can accommodate up to 3,312 exhibitors.
Obviously you can choose any multiple of the prime factors to specify the area allocated & to calculate the number of exhibitors accordingly

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Carl. put $1.10 in his piggy bank every day in the month of July. His total savings was $55 at the end of June. hat is the best estimate for Carl's savings at the end of July

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Carl. put $1.10 in his piggy bank every day in the month of July. His total savings was $55 at the end of June. hat is the best estimate for Carl’s savings at the end of July
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If you place $1,000.00 in a savings account with an interest rate of 5.25%/month, how much should you earn in interest at the end of the month?

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Answer:

Total cost of John Stone of renting a car per month = $300

Step-by-step explanation:

Fixed rate of renting a car = $49

Total fixed rate of renting for 4 weeks = 4 × 49

                                                                 = $196

Amount paid for optional insurance per week = $14

Total amount paid for optional insurance in 4 weeks = 4 × 14

                                                                                           = $56

Amount spent on gas each week = $12

Total amount spent on gas in 4 weeks = 4 × 12

                                                                  = $48

Therefore, Total cost per month = 196 + 56 + 48

                                                       = $300

Hence, Total cost of John Stone of renting a car per month = $300

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