If you deposit $3,000 at 2.5% compounded continuously, what would your ending balance after 4 years?

Answers

Answer 1

You will have $3276.44 after 4 years if you deposit $3,000 at an annual interest rate of 2.5%, compounded continuously.

What is continuous compound interest?

In theory, continuously compounded interest means that an account balance is constantly earning interest, as well as refeeding that interest back into the balance so that it, too, earns interest.

The formula for continuously compounded interest is:

              \(A = P * e^{rt}\)

where:

A is the ending balance (the amount you will have after 4 years)

P is the principal (the initial amount you deposited, in this case $3,000)

r is the interest rate (2.5% per year, or 0.025)

t is the time in years (4 years)

Plugging these values into the formula, we get:

            \(A = $3,000 * e^{(0.025 * 4)}\)

Calculating this gives us an ending balance of $3,276.44.

Hence, you will have $3276.44 after 4 years if you deposit $3,000 at an annual interest rate of 2.5%, compounded continuously.

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Related Questions

HELP!!

GIVING BRAINLIEST!!

HELP!!GIVING BRAINLIEST!!

Answers

It’s c I hope it’s the right answer

I also don't know what this shape is lol please help ​

I also don't know what this shape is lol please help

Answers

Answer:

Thats an octagon

Step-by-step explanation:

It has 8 sides

calculate the expected return for stocks a and b. (do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)b.calculate the standard deviation for stocks a and b.

Answers

a) The expected return for stocks a and b is 13.56% and 20.02% respectively.

b) The standard deviation for stocks a and b are 8.32% and 32.60%.

a) Expected return = Probability of recession × Return during recession + Probability of normal × Return during normal + Probability of boom × Return during boom

Expected return for stock A = 0.21 × 0.04 + 0.61 × 0.12 + 0.18 × 0.30

The expected return for stock A = 0.1356

The expected return for stock A = 13.56%

Expected return for stock B = 0.21 × (-0.41) + 0.61 × 0.31 + 0.18 × 0.54

The expected return for stock B = 0.2002

The expected return for stock B = 20.02%

b) Standard deviation of stock = √{Probability(Recession) × (Rate during recession - expected rate )² + Probability(Normal)(Rate during normal - expected return)² + Probability(Boom) × (Rate in boom - Expected return)²}

Standard deviation of stock A = √[(0.21 × (0.04-0.1356)² + 0.61 × (0.12 - 0.1356)² + 0.18 × (0.30-0.1356)²)]

The standard deviation of stock A = 0.0832

The standard deviation of stock A = 8.32

Standard deviation of stock B = √(0.21 × (-0.41-0.2002)² + 0.61(0.31 - 0.2002)² + 0.18 × (0.54-0.2002)²)]

The standard deviation of stock B = 0.3260

The standard deviation of stock B = 32.60%

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Tata's age is 10 years younger than Kaka's age.
Three years from now, the sum of their ages
is 40 years. Tata's current age is
year.
a.12 b.15. c.22. d.25

help me -!

Answers

Answer:

c. 22

Step-by-step explanation:

Let x = Tata's age and y = Kaka's age.

x - 10 = y

x+3 + y+3 = 40

Now, we can substitute in x - 10 for y.

x + 3 + (x - 10) + 3 = 40

so 2x = 44

x = 22

Therefore, Tata's current age is 22.

aaron sampled 101 students and calculated an average of 6.5 hours of sleep each night with a standard deviation of 2.14. using a 96% confidence level, he also found that t*

Answers

The true mean sleep time of the population is believed to fall between 6.03 and 6.97 hours at the 96 percent confidence level based on Aaron's sample.

Based on his sample, Aaron computed t* to be 2.22. The t-value may be used to construct the confidence interval as follows:

Mean ± t* (standard error) Where the standard error is the standard deviation divided by the square root of the sample size.

Mean = 6.5

Standard deviation = 2.14

Sample size = 101

t* = 2.22

Standard error = standard deviation / sqrt (sample size)

= 2.14 / sqrt (101) = 0.21

The confidence interval may now be computed as follows:

6.5 ± 2.22 (0.21)

6.5 ± 0.47

= (6.03, 6.97)

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can someone help please ?

can someone help please ?

Answers

Answer:

A

Step-by-step explanation:

36 divided by 4 is 9 than you multiple that by 3 which is 27.

Today the population of a city is 250,000 and is growing at a rate
of 4% per year. When or how many years will the population reach
850,000

Answers

Step-by-step explanation:

Principal = 250,000

Rate = 4%

Simple interest = 850,000

Time = ?

\(t = \frac{100 \times interest}{principal \times rate} \\ t = \frac{100 \times 850000}{250000 \times 4} \\ t = \frac{100 \times 85}{25 \times 4} \\ t = \frac{8500}{100} \\ t = 85years\)

Please answer my question quickly.

Please answer my question quickly.

Answers

Answer:

b=sqrt7

Step-by-step explanation:

16=9+b^2

how do you know that an equation is a hyperbola?

Answers

An equation is a hyperbola when the locus of a point whose difference in the distances from two fixed points has a constant value.

What is hyperbola?

A hyperbola is a type of smooth curve lying in a plane that is depicted by the geometric properties or by equations for which it is the solution set.

In this case, an equation is a hyperbola when the locus of a point whose difference in the distances between two fixed points has a constant value.

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help i’ll give brainliest

help ill give brainliest

Answers

Answer:

(8, -2)

Step-by-step explanation:

It is reflected over the X axis

Because 8 is an x coordinate, it will not be changed. And because 2 is not an X coordinate it will be reversed, or turned to negative

Where’s the question at

please answer this question below 8th grade math?!

please answer this question below 8th grade math?!

Answers

Answer:

it b

Step-by-step explanation:

Write an equation of a line in slope-intercept form that is parallel to the graph of y = 2x + 5/4 and has a y-intercept of -1/2.
A. y=2x+5/4
B. y=1/2x-1/2
C. y=-1/2x-1/2
D. 2x-1/2

Answers

Answer: y = 2x - 1/2

Step-by-step explanation:

1. graph the first line

2. shift it down enough to get the correct y intercept

3. keep the slope the same

4. done

HELPPPP!!!! geometry plzzz.....
What is the distance between (3,-4) and (8,8) ?

Answers

Answer:

13

Step-by-step explanation:

To find the distance, d, between two points on the Cartesian plane use the distance formula.

\( d = \sqrt{(x_2 - x_1)^2 + (y_2 - y_1)^2} \)

The points are (3, -4) and (8, 8), so you can use:

x1 = 3

y1 = -4

x2 = 8

y2 = 8

Now plug in all values above in the formula and evaluate it.

\( d = \sqrt{(8 - 3)^2 + [8 - (-4)]^2} \)

\( d = \sqrt{(5)^2 + (8 + 4)^2} \)

\( d = \sqrt{25 + (12)^2} \)

\( d = \sqrt{25 + 144} \)

\( d = \sqrt{169} \)

\( d = \sqrt{13} \)

Yuson must complete a certain number of hours of community service. She does 2 hours of service each day. After 8 days, Yuson has completed half of her required community service.
Write a linear equation to represent the hours that Yuson has left to do after x days.

Answers

Answer:

8*2(16*2)=32  hours

Step-by-step explanation:

solve the problem:

x + 4 = 10

Answers

Answer: 6

Step-by-step explanation: The way to solve this problme is to move backwards. Instead of adding you would subtract the number after the equal sign and whatever number before. It's kind of like a fact family!

10-4=6 so the answer is 6.

I hope this help you out, have an awesome day! :)

What is the equation of the line that passes through the point (3, 3) and has a slope of -1?

Answers

Answer:

y = -x +6

Step-by-step explanation:

\(x_1 , y_1 = (3,3) \\

m= -1\)

Put information in Slope-intercept form :

\(y-y_1=m(x-x_1) \\ y - 3 = - 1(x - 3) \\ y - 3 = - x + 3\)

Collect like terms and simplify

\(y = - x + 3 + 3 \\ y = - x + 6\)

Which value of x makes the equation x+45=64 true?

Answers

Answer: x=19

Step-by-step explanation:

x+45=64

Subtract 45 from both sides.

x=64−45

Subtract 45 from 64 to get 19

x=19

answer

X=19

Step-by-step explanation:

because 64-45= 19 and 19+45=64

Think of a number (greater than 0). Double it, add one then multiply by 5. The anwer alway end in 5, explain why. Strike off the 5, and the remaining number will be the original number

Answers

When we multiply by 10 and when we add 5 then always last digit of that number is always 5.

Let's suppose a number  i am thiking as x which is greater than 0.

(2*x+1)*5

10*x + 5

Teach that when you multiply by 10, you simply shift the digits one place to the left. A zero is used as a place holder. For example, when you multiply 3×10, you shift the digits one place to the left and get a product of 30. When you multiply 6×10, you shift the digits one place to the left to get the product of 60.

The operation to find the total of different values is called addition. Let us know some facts about addition which will help us to learn to add 4-digit and 5-digit numbers.

We can see 10*x is always ends with 0 and when we add 5 into it we always get 5 in last.

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Milan is riding on a bike course that is 60 mlles long. So far, he has ridden 24 miles of the course. What percentage of the course has Milan ridden so far?​

Answers

Answer:

your answer to the question is 40%

The figure below shows dimensions of a block of foam used to package a triangular shaped product. The foam is in the shape of a rectangular prism with a small triangular prism removed from the center. How many cubic centimeters of foam are used to package this product?

The figure below shows dimensions of a block of foam used to package a triangular shaped product. The

Answers

Answer:

5,580

Step-by-step explanation:

Rectangle: 36x30x60=6480

Triangle: 1/2x15x20x6=900

6480-900=5,580

The foam are used to package this product is cubic centimeters.

What is the volume of the rectangular prism?

The Area of the rectangular prism is the product of the length, breadth, and height of the given prism.

Area of rectangular prism = 2(length x width + length x height + width x length)

Area of rectangular prism = 2( 36 x 30 + 30 x60 + 60 x 36)

= 10080 cubic centimeters

Let's find the base area:

The formula to find the base area is,

B = ½bh

Triangle area = 1/2 x 15 x 20 x 6

Triangle area = 900

10080 - 900 = 9180

Hence, the foam are used to package this product is cubic centimeters.

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Sove for the Indicated varlable. Include all of your work in your answer. Submit your solution.
C= 2 pie r;for r

Answers

Answer:

c=2r

divide both sides by 2

c/2=r

if you forgot the pi

c=2pir

divide by 2pi

c/(2pi)=r

Step-by-step explanation:


Una caja de ahorros ofrece a sus clientes un interés simple del 8% anual por una imposición de 18.000 € durante 5 años. ¿ Cual es el importe de los intereses
generados en ese tiempo €

Answers

Una caja de ahorros ofrece a sus clientes un interés simple del 8% anual por una imposición de 18.000 € durante 5 años. de los Interés es = 7,200 €

Interés = Principal × Tasa de interés × Tiempo

Dado que el principal es de 18.000 €, la tasa de interés es del 8% anual y el tiempo es de 5 años, podemos sustituir estos valores en la fórmula:

Interés = 18,000 € × 0.08 × 5

Interés = 7,200 €

Por lo tanto, el importe de los intereses generados en ese tiempo es de 7.200 €. Esto significa que al finalizar los 5 años, el cliente habrá obtenido 7.200 € adicionales como resultado de la imposición de 18.000 € con una tasa de interés del 8% anual. Es importante tener en cuenta que este cálculo se basa en la suposición de que el interés es simple y no se acumula ni se reinvierte.

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Mr. Harrison sold 72 hot dogs in 4 days. At this rate, how many hot dogs will Mr. Harrison sell in 7 days?

Answers

Answer:

126

Step-by-step explanation:

72/4=18 hot dogs sold per day

18*7=126 hot dogs in a week.

Answer: 126

Step by Step Explanation:

What value of x makes 23x+5=11 true?

A. 4
B. 513
C. 9
D. 1023
E. 24

Answers

6/23 is the value of x that ensures that the equation 23x + 5 = 11 holds true. The solution to this problem cannot be found in the available selections since none of the answer possibilities match this value.

We must find x in order to determine what value of x results in the equation 23x + 5 = 11 being true.

Initially, we must remove 5 from both sides of the equation to isolate the variable x:

23x + 5 - 5 = 11 - 5

When we combine the left and right sides, we obtain:

23x = 6

Then, by multiplying both sides of the equation by 23, we must find x:

23x/23 = 6/23

When we combine the left and right sides, we obtain:

x = 6/23

As a result, 6/23 is the value of x that ensures that the equation 23x + 5 = 11 holds true.

The solution to this problem cannot be found in the available selections since none of the answer possibilities match this value.

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help please this assignment is do in a few minutes

help please this assignment is do in a few minutes

Answers

C. is the correct answer in this case

Answer:

The answer is C because the ratio 2:5 is equal to 40:100

I need know the answer and how to write out my answer as well

I need know the answer and how to write out my answer as well

Answers

5 . 3

6 I 3 1 . 8

- 3 0

1 8

- 1 8

0

Therefore, the answer is 5.3


The price of a ticket is increased from $32 to $96.
a What percentage of $32 is $96?
b What is the percentage increase?

Answers

Answer:

a) 96 is 300% of 32

b) it was increased by 200%

Step-by-step explanation:

a) 32 * 3 = 96, and if you convert 3 to percentages, that is 300%.

b) 300%-100%=200%

Which inequality represents all values of x for which the product below is
defined?
20 pts

Which inequality represents all values of x for which the product below isdefined?20 pts

Answers

Step-by-step explanation:

√a is defined only when a >= 0.

Therefore for √4x * √(x + 2) to be defined, both 4x and x + 2 must be non-negative.

When 4x >= 0, x >= 0.

When x + 2 >= 0, x >= -2.

x >= 0 and x >= -2, therefore we have x >= 0. (D)

Solve 7 + x - 15 = -22/3

Answers

Answer:

x = ⅔

Step-by-step explanation: 1. Subtract the numbers = 7 + x-15 = -22/3, -8 + x = -22/3. 2. Add the same term to both sides of the equation = -8 + x = - 22/3, -8 + x + 8 = - 22/3 + 8. 3. Simplify = Add the numbers, Add the numbers again, and x = 2/3

Please help! Will pick Brainliest for the right answer!!!

Please help! Will pick Brainliest for the right answer!!!

Answers

Answer:

3/5

4/3

2/1

3/1

Step-by-step explanation:

turn them to ratios and fractions and try to simplify

3/5=3/5

4/3=4/3

2/1=2/1

6/2=3/1

so put the end results in order

so all of them have a bigger numerator than denominator, except one. 3/5. Thats the slowest one.

4/3 isn't quite 2 wholes, but 2/1 is, so 4/3 is second last and 2/1 is second.

3/1 is the first.

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