In year, 2004, I put $20.00 into an account to save. This account annual interest fee is 0.002%. However, every 10th year the interest rate get doubled and is now 0.004%. After, the 10th year it goes back to the original interest rate of 0.002% annually. If I check the amount I know have in total included my principal of $20.00, in the year of 2021. What would the total amount be of putting it there

Answers

Answer 1

9514 1404 393

Answer:

  $20.01

Step-by-step explanation:

In 2004–2012, the interest rate is 0.002%. In 2013, it is 0.004%. In 2014–2021, the interest rate is 0.002%. That is, in the 18 years between 2004 and 2021 (inclusive), the interest rate is 0.002% for 17 of them. The effective account multiplier is ...

  (1.00002^17)(1.00004^1) = 1.00038006801

Then the account balance is ...

  $20 × 1.00038006801 ≈ $20.01

_____

Additional comment

The annual interest earned on $20.00 is $0.0004. If the account balance is rounded to the nearest cent annually, at the end of the 18 years, the balance will still be $20.00. Not enough interest is earned in one year to increase the balance above $20. At the end of the 18 years, the amount of interest earned is 0.76¢ (a fraction of a penny) only if there is no rounding in intervening years.


Related Questions

Use the results from a survey of a simple random sample of 1176 adults. Among the 1176 respondents, 77% rated themselves as above average drivers. We want to test the
claim that
7/10 of adults rate themselves as above average drivers. Complete parts (a) through (c)
a. Identify the actual number of respondents who rated themselves as above average drivers
(Round to the nearest whole number as needed)

Answers

Using the sample data to test the hypothesis, we have that:

The actual number of respondents who rated themselves as above average drivers is 906.The p-value of the test is 0, which is less than the standard significance level of 0.05, thus we can conclude that the proportion respondents who rated themselves as above average drivers is greater than 0.7.

77% of the sample of 1176 adults rated themselves as above average drivers, that is:

[tex]0.77(1176) = 906[/tex].

Thus, the actual number of respondents who rated themselves as above average drivers is 906.

At the null hypothesis, we test if the proportion is [tex]\displaystyle \frac{7}{10} = 0.7[/tex], that is:

[tex]H_0: p = 0.7[/tex]

At the alternative hypothesis, we test if the proportion is greater than 70%, that is:

[tex]H_1: p \geq 0.7[/tex]

The test statistic is given by:

[tex]z = \frac{\overline{p} - p}{\sqrt{\frac{p(1-p)}{n}}}[/tex]

In which:

[tex]\overline{p}[/tex] is the sample proportion.p is the proportion tested.n is the size of the sample.

In this problem, the parameters are [tex]\overline{p} = 0.77, p = 0.7, n = 1176[/tex].

Thus, the value of the test statistic is:

[tex]z = \frac{\overline{p} - p}{\sqrt{\frac{p(1-p)}{n}}}[/tex]

[tex]z = \frac{0.77 - 0.7}{\sqrt{\frac{0.7(0.3)}{1176}}}[/tex]

[tex]z = 5.24[/tex]

The p-value of the test is the probability of finding a sample proportion above 0.77, which is 1 subtracted by the p-value of z = 5.24.

Looking at the z-table, z = 5.24 has a p-value of 1.

1 - 1 = 0.

The p-value of the test is 0, which is less than the standard significance level of 0.05, thus we can conclude that the proportion respondents who rated themselves as above average drivers is greater than 0.7.

A similar problem is given at https://brainly.com/question/24330815

representation of the function f(x)=-2x2+8x-6

Answers

X-intercepts: (1,0), (3,0)
Y-intercepts: (-6,0)

Hello, i need some help for questions 2-5 please

Answers

Answers:

4. =9.999........

Examplantion :

5×2÷3=9.99999..........

The perimeter of a rectangle downtown courtyard is 174 feet. The width of the rectangle is twice the length. Find the length and width of the rectangle?

Answers

Answer:

Step-by-step explanation:

L = Length

W = Width

W = 2L

   2W + 2L = 174

2(2L) + 2L = 174

            6L = 174

              L = 29 ft

W = 2(29) = 58 ft

In a class of 40 students, 14 students wore blue jeans.
-Write the ratio cf students wearing blue jeans to those not wearing blue jeans.

Answers

Answer: 14:26

Step-by-step explanation:

Answer:

25

Step-by-step explanation:

Help please i just wanna pass

Answers

The answer is 741. But pls trust me that is what I got

The area of manang district is square kilometre is 2,246 find the prime factors of 2246​

Answers

The prime factor of 2246 is 1123

From past experience, it is known that a telemarketer makes a sale with probability 0.2. Assuming that results from one call to the next are independent. Determine the probability that telemarketer makes:___.
a. the first sale on the third call
b. the first sale after the third call
c. the second sale on the fifth call
d. the second sale before the fifth call

Answers

It could be A no C but maybe D but B also looks like a great option to choose

Two angles are complementary. One angle is 8º less than three times the other angle. Find the measures of the angles.
Part 1 of 2
The smaller angle is
Part: 1 / 2
Part 2 of 2
The larger angle is
Submit Assignment

Answers

Answer:

Step-by-step explanation:

complementary angles sum to 90°

Let angle 1 =  x

    angle 2 =  3x - 8

  3x - 8 + x = 90

             4x = 98

               x = 24.5°

3(24.5) - 8 = 65.5°

or

90 - 24.5 = 65.5°

Help please thank you

Answers

Mistake is both the numbers were added. After multiplication, it becomes 3.3 * 10^8

express the f.f as fraction
0.454545​

Answers

Answer: 5/11

Step-by-step explanation:

Please helppppppppppppp!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

558

Step-by-step explanation:

The sum of the first n numbers is ½n(n + 1)

which is the left most number in each row number n

so finding the row containing 526

½n(n + 1) > 526

½n² + ½n > 526

n² + n > 1052

n² + n - 1052 > 0

n > (-1 + √(1² - 4(1)(-1052))) / 2(1)

n > 31.938

so 526 is almost to the end of the 32 row.

The end of that row is ½(32(33)) = 528

so 526 resides two spaces to the right of 528

The end of the row below it, row 33, is ½(33)(34) = 561

As each row is one number longer than the previous row, we count back

2 + 1 = 3 numbers from the end to find what is under 526

561 - 3 = 558


help meeeeeeeeeeeee





2/3u. 4/2u².3=

Answers

Answer:

4u³

Step-by-step explanation:

2/3u × 4/2u² = 4/3u³

4/3u³ × 3/1 = 4u³

Answer:

4u³

Step-by-step explanation:

[tex]2/3u*4/3u^2*3=[/tex][tex]2/3*4/2*3u^{1+2}=[/tex][tex]4u^3[/tex]

Based on your equation, what was the car’s approximate initial velocity (at time=0)?

Answers

From the intercept of the line of best-fit, the car’s approximate initial velocity was of 5.7 m/s.

How to find the equation of linear regression?

To find the regression equation, also called line of best fit or least squares regression equation, we need to insert the points (x,y) in the calculator. These points are given on a table or in a scatter plot in the problem.

For this problem, the input and the output are defined as follows:

Input: Time in seconds.Output: Velocity in m/s.

Hence the points are given by:

(2, 13.1), (4, 19.8), (6, 28.1), (8, 34.6).

Using these points and a calculator, the equation is:

v = 3.64s + 5.7

The intercept of 5.7 represents the initial velocity in m/s.

A similar problem, also involving a line of best-fit, is given at https://brainly.com/question/22992800

#SPJ1

Caleb wants to rent a kayak. Kayak rentals cost $91.61 for a half hour. If Caleb rents a kayak for 2.9 hours, how much will it cost him?

Answers

Answer:

$265.669

Step-by-step explanation:

$91.61 times 2.9 equals 265.669, therefore it would cost him $265.669. Round up/down if needed.

please ans very easy question​

Answers

Answer:

what is the question please tell me on comment

The container that holds the water for the football team is 2/3
full. After pouring out 3
gallons of water, it is 1/2
full. How many gallons can the container hold?

Answers

Answer:

18 gallons

Step-by-step explanation:

We'll find out how much of the total container was lost when pouring out by subtracting 2/3 from 1/2.

2/3 = 4/6

1/2 = 3/6

4/6 - 3/6 = 1/6

1/6 of the total amount the container could hold was lost when 3 gallons was poured out. This means that 1/6 of the container equals to 3 gallons. We can then simply multiply 3 by 6 to find the number of gallons of liquid the container can hold.

3 * 6 = 18 gallons

Checking my answer:

18 * 2/3 = 6 * 2 = 12

12 - 3 = 9

1/2 of 18 = 9

This means that our answer is correct.

como se escribe 654,007,000 en letra​

Answers

Answer:

seiscientos cincuenta y cuatro millones siete mil

What did James earn this pay period? (use pay stub) *
1 point
$1451.28
$1000.00
$709.74

Answers

make a purchase, then the statement is true.
If you just leave the balance <> to 0 and don't purchase anything more, the interest just keeps on building up. It is the surest way to get into financial trouble.

PLS HELP ME I NEED IT

Answers

Step-by-step explanation:

the area = [tex](\frac{1}{2}) (18)(4)\\[/tex] = [tex]36ft^{2}[/tex]

please give me a brainliest answer

When the mortgage is completely paid off your house, it will be 5 times as old as it is now. If you have 28 years left on the mortgage, how old is the house now?

Answers

Well this will depend on if you have a 30 year mortgage and if there is 28 years left you paid 2 years only. 0.214

PLZ HELP ME SOMEONE!!!

Answers

Answer:

131

Step-by-step explanation:

Hope this helps

Answer:

the answer is 130.9 round it up and you get 131

Step-by-step explanation:

HELPS! TYS IF U DOESSSSS
I WILL GIVE BRAINILEST!!!!!!!!!

Answers

Answer:

C. HI my other account:P

Step-by-step explanation:

PLZ ANSWER WILL GIVE BRAINLYEST!!!!
What are the x and y-intercepts of the line described by the equation?

3x−9y=10.8
Question 2 options:

x-intercept = 1.2

y-intercept = -3.6


x-intercept = -1.2

y-intercept = 3.6


x-intercept = -3.6

y-intercept = 1.2


x-intercept = 3.6

y-intercept = -1.2

Answers

Answer:

x-intercept = 3.6

y-intercept = -1.2

Step-by-step explanation:

Can someone please show a piece of paper or ex’s plum how you do h point?

Answers

Answer:

(-1,-1)

Step-by-step explanation:

well a square has four sides and they are all equal so it would have to be (-1,-1) for the sides to be equal

the general solution of the equation cos3x +cos2x =sin3x/2 + Sinx/2 is​

Answers

Answer:

I am doiiiiiiinnnnggg just wait

Which function is the inverse of the function f(x) = 4x2 + 10, if the domain of f(x) is x 2 0?

Answers

Step-by-step explanation:

inverse = √((x-10)/4)

that is the answer

Answer:

Step-by-step explanation:

Justine has 4 1/2 pounds of red apples, 3 1/4 pounds of green apples, and 2 1/4 pounds of yellow apples. How many kilograms of apples does she have?

Answers

4 1/2 + 3 1/4 + 2 1/4 = 10 pounds of apples.

10 pounds is approximately 4.5 kilograms.

Use rounding to the nearest whole number to estimate the product

4 1/4 • 7 9/17

A) About 32
B) About 35
C) About 40
D) About 25

Answers

Answer:

A) About 32

Step-by-step explanation:

4 1/4 • 7 9/17

The first one is rounded down as 1/4 < 1/2 and the second one rounded up as 9/17 > 1/2.

4 * 8 = 32

Correct choice is A

4 1/4=17/47 9/17=128/17

Product

17/4(128/17)128/432

Option A

3 ice cream cones cost $ 8.25

At this rate , how much do 2 ice cream cones cost ?

Answers

Answer:

The cost of 2 icecream cones is $5.50. Given data: Price of 3 icecream cones is $8.25. 1 icecream come = $(8.25÷3) =$ 2.75.

Step-by-step explanation:

Answer:

5.50

Step-by-step explanation:

8.25 divided by 3 =2.75

Then take 2.75 and multiply it by 2 and you get your answer which is 5.50

Other Questions
free questionA certain shade of pink is created by adding 3 cups of red paint to 7 cups of white paint. How many cups of red paint should be added to 1 cup of white paint? Once you have made a lifestyle choice, you cannot change your mind. in which phase of the cell cycle does dna replication occur? Empareja la descripcin con la persona. (Match the description with the person.) HELPIn 536, ________ allowed the 42,600 Jews to return to Judah1. Hammurabi2. Sennacherib3. Nebuchadnezzar4. Cyrus the Great HELPPPPPPPPPPPPPPPPPPPPPPPP which kind of system software tells the computer how to communicate with peripherals, such as a printer or scanner? HURY I NEED THIS QUICKMatch each poetry excerpt to the sound effect used in it.(alliteration) (assonance) (repetition) (slant rhyme)(end rhyme) (Internal Rhyme)Leaning left and limping light ------> (_______)Silently, the night took flight-----> (_______)The story went on and on-----> (_______)So strange, the frail orange in the basket-----> (_______)For a simple walk,An elaborate talk -----> (_______)We braved the cold, one and alland felt the chill in our very souls -----> (_______) HELppppppppppppppppp Last year 300 people attended a play with ticket price of $8. The school estimates that 20 fewer people attend for each $1 increase in price. What ticket price would give the greatest income? PLEASE HELP WITH THIS ONE QUESTION Qu oracin tiene un verbo en el pluscuamperfecto?A) Adn ya haba aprendido las canciones antes de inscribirse en el grupo de canto.B) En el festival de la asociacin cultural africana haba mucha gente. C) Lisa tiene tanta creatividad que ha escrito una novela fantstica.D) Cmo ha desarrollado David su habilidad este ao! I dont know what answer is i need help 1. What is 3/4 divided by 1/6 I experienced a frightening experience when the lightning hit my house.A. Passive voiceB. RedundancyC. Unclear ComparisonD. Wordiness Describe the composition of the atmosphere. 2/3 : 2/6 as a unit rate various Native American Indian tribes attacked colonial settlements on the western frontier because trade of urbanisation in nepal 6) A 14.5 g sample of sodium chloride reacts with excess fluorine gas according tothe following chemical equation.2 NaCl(s) + F2(g) 2 NaF(s) + Cl2(g)a. How many grams of sodium fluoride are produced?b. How many grams of chlorine gas are produced? the cylinder has radius 43 and hight h. the total surface area of the cylinder is 566. find the exact value of h giving the answer in the form a2 + b3 where a and b are both integers.