Elaine opened a savings account with a deposit of $1000. The interest on her account is compounded each year at a rate of 2%. Elaine will not make any additional deposits to or withdrawals from her account. What will be the balance in Elaine's account at the end of 3 years? Round your answer to the nearest whole dollar.

Answers

Answer 1

Answer:

$1,061.21

Step-by-step explanation:

According to the scenario, computation of the given data are as follows,

Present value (PV) = $1,000

Rate of interest compounded yearly (r) = 2%

Time period (n) = 3

So, we can calculate the future value (FV) by using following formula,

Future Value = PV(1 + r)^n

By putting the value, we get

FV = $1,000 ( 1 + 0.02)^3

= $1,000 ( 1.02)^3

= $1,000 ( 1.061208)

= $1,061.21


Related Questions

Ingrid had 30 dollars to spend on 3 gifts. She spent 10 3/4 dollars on gift A and 5 1/2 dollars on gift B. How much money did she have left for gift C?

Answers

Answer:

ggs

Step-by-step explanation:

What is the value of x

Answers

42...But try to get another answer though because I’m not 100 percent correct

Westminster Street and Lake Avenue intersect. If Westminster Street is 7 meters wide and Lake Avenue is 5 meters wide, what is the distance between two opposite corners of the intersection? If necessary, round to the nearest tenth.

Answers

Answer:

the distance between two opposite corners of the intersection is 8.60 meters

Step-by-step explanation:

The computation of the distance between two opposite corners of the intersection is given below:

Here we applied the Pythagoras theorem

[tex]= \sqrt{7^2 + 5^2} \\\\= \sqrt{49 + 25} \\\\= \sqrt{74}[/tex]

= 8.60 meters

hence, the distance between two opposite corners of the intersection is 8.60 meters

Michelle is scuba diving. Her position changes from -2.1m to -38.6m in 6 1/4 min. What is the average change in Michelle's position each minute?

Answers

Answer: 5.824 m / min

Step-by-step explanation:

Change in position = -2.1m to -38.6m

Distance = |-38.6 m - (-2.1m) |

=|-36.5| m

= 36.5 m

Time = [tex]6\dfrac14\ min=\dfrac{6\times4+1}{4}\ min[/tex]

[tex]=\dfrac{25}{4}\ min[/tex]

The average change in Michelle's position each minute = [tex]\dfrac{36.5}{\dfrac{25}{4}}\text{ m/min}[/tex]

[tex]=\dfrac{36.4\times4}{25}\text{ m/min}\\\\= 5.824\text{ m/min}[/tex]

Hence, the average change in Michelle's position each minute = 5.824 m / min

1) 45 +
103
What would this equal

Answers

Answer:

148

Step-by-step explanation:

103+45=148

3.
Susan has a balance of $110 in her school lunch account, and she spends $6 per day for
lunch. Her sister Evelyn has $83 in her lunch account, and she spends $4 per day for lunch. In
how many days will Susan's lunch account balance be less than Evelyn's?

Answers

Answer:

i may be entirely wrong but evelyn has more days

susan=18

evelyn=20.75 or 21 if rounded

Oceanside Bike Rental Shop charges a $14 fixed fee plus $8 an hour for renting a bike. Tim paid
$86 to rent a bike. How many hours did he rent the bike? Write and solve an algebraic equation to
find the answer. Be sure to identify your variable. (7.EE.4)

Answers

Answer:

10.75 hours

Step-by-step explanation:

h= Hours  86divided by 8 = h= 10.75

A new car is purchased for $42,000 and over time its value depreciates by one half
every 7 years. How long, to the nearest tenth of a year, would it take for the value of
the car to be $5,800?

Answers

Answer:

t=20

Step-by-step explanation:

delta math blessed.

Answer:

t=20

Step-by-step explanation:

I do not have one, I apologise.

Not drawn
accurately
AB is parallel to CD.
LMN and PMQ are straight lines.
MQ = MN
B
Work out the value of x. *
(3 Points)
Diagram not drawn accurately.
-D
The value must be a number

Answers

so first u want to get a ruler to measure each sides, there gonna seem big at first so divide what you get on the ruler by 2 so its smaller, then do it for all sides.

The slope of the line below is -3. Use the coordinates of the labeled point to
find a point-slope equation of the line.

Answers

Answer: y+7= 3(x-5) C

Step-by-step explanation:

1) From 30 inches to 24 inches. What is the percent of change? A. Increase 20% B. Decrease 25% C. Increase 20% D. Decrease 20%​

Answers

Answer:

either d or b???

It’s clearly a decrease, since it goes form a higher number (30) to a lower one (24).
30-24 = 6
6/30 = x/100
Work:
6 x 100 = 600
600/30 = 20

So there’s a 20% decrease.

Your friend wants to buy a pair of jeans
that are on sale for 30 off if the jeans
original price is $40, how much will the
sale price be?

Answers

Answer:

$12

Step-by-step explanation:

30 x 40

100

= 12

The sale price is $12.

The price of the pair of jeans that are on sale for 30% off will be $28.

What is the percentage?

The amount of any product is given as though it was a proportion of a hundred. The ratio can be expressed as a quarter of 100. The phrase % translates for one hundred percent. It is symbolized by the character '%'.

The percentage is given as,

Percentage (P) = [Final value - Initial value] / Initial value x 100

Your friend wants to buy a pair of jeans that are on sale for 30% off if the jean's original price is $40.

Let "S" be the price of sales. Then the equation is given as,

30% = [($40 - S) / $40] x 100

0.30 = ($40 - S) / $40

S = $40 - $12

S = $28

The price of the pair of jeans that are on sale for 30% off will be $28.

More about the percentage link is given below.

https://brainly.com/question/8011401

#SPJ2

A housing developer wants to create 45 house lots for every 10 acres of land. All the house lots will be the
same size and shape. Which of these is closest to the amount of land required to create 105 house lots?



A. 11 acres

B. 25 acres

C. 42 acres

D. 63 acres

Answers

Answer:

25 acres

Step-by-step explanation:

25 acres  hope this helps

Answer: B.25 acres because:

105/45=2.3
2.3 x 10= 23
23 is the closest to 25

Selena reduced the time it takes her to run a mile from 8 minutes to 6 minutes. What was Selena's percent decrease in the time it takes her to run a mile?​

Answers

Answer:

I think the answer might be 0.48 because that is 8 percent of 6, but im not positive

Selena reduced the time it takes her to run a mile from 8 minutes to 6 minutes. What was Selena's percent decrease in the time it takes her to run a mile?​

It is 25%

help for brainlest what can be use ti

Answers

Answer:

2x(5+13)

Step-by-step explanation:

add then multiply by 2

Answer:

to find perimeter

= 2(L+w)

= 2(5+13)

10+26

36

so the answer is 2×(5+13)

hope it's helpful ❤❤❤❤

THANK YOU.

Help answer fast if you ion mind ty

Answers

I think the is A if not then choose C

3 of 8
The area of a circle is 16.71cm2.
Find the length of the radius rounded to 2 DP.

Answers

Answer:

Radius = 2.31 cm

Step-by-step explanation:

Area of circle = 16.71 square centimeters

[tex]\pi r^2 = 16.71 \\3.14r^2=16.71\\r^2=\frac{16.71}{3.14}\\r^2=5.32\\\sqrt{r^2}=\sqrt{5.32}\\r=2.306[/tex]

Radius of circle = 2.31 centimeter

convert 0.11 to a percentage

NEED TO BE ANSWERED ASAP
I will award them the brainliest ​

Answers

Answer:

11%

Step-by-step explanation:

0.11*100=11%

necause 1%=1/100

11% = 0.11 :) hope this helps

Find the Measure of the missing angles.

49°

118

73

Measure angle 1 =

Measure angle 2-

Measure angle 3=.

Answers

Answer:

Find the Measure of the missing angles.

49°

118

73

Measure angle 1 =

Measure angle 2-

Measure angle 3=.

Step-by-step explanation:

How do algebra tiles help you solve equations?

Answers

Answer:

Algebra tiles make solving equations, merging like words, or factoring polynomials a visual operation, similar to students using counters to make sense of addition in elementary school, or students using number lines to make sense of integers.

Step-by-step explanation:

i hope this helped

solve using substitution
x=10
6x-6y=18
y=?

Answers

y = 7

hope it's helpful ❤❤❤❤❤❤

THANK YOU.

Step-by-step explanation:

6x -6Y = 18

6 × 10 -6y = 18

60 -6y = 18

-6y = 18 -60

-6y = -42

y = -42/-6

y = 7

Plz help me because I don’t no it

2345 ➗ 550

Answers

Answer:

4.26363636364 or this fraction 4 and 6590909090/25000000000

Step-by-step explanation:

try using photomath

Marvin wrote down all of the numbers from 1 to 100. How many times did the digit 8 appear in Marvins's list?

Answers

Answer:

Originally Answered: How many times does 8 occur in 1 to 100? 20 8's occur from 1 to 100. 8, 18, 28, 38, 48, 58, 68, 78, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89 and 98.

Step-by-step explaintion: i am 5 million iq brainlist pls

(-)*(-)*(-)
a. +
b. -
c. 0

pls help

Answers

Answer:

b. -

Step-by-step explanation:

Note the rules of multiply/dividing negative numbers:

1) A positive number multiplied/divided by a positive number = a positive answer.

2) A positive number multiplied/divided by a negative number (and vice versa) = a negative answer.

3) A negative number multiplied/divided by a negative number = a positive answer.

~

Note the question.

The first part is multiplying a negative number with a negative number:

(-) * (-) = (+) , based on the rules given above.

Next, multiply the next number. Note that it is also a negative number:

(+) * (-) = (-) , based on the rules given above.

b. - is your answer.

~

Which of the following questions describes the equation g + (-4) = -5?

What number, when subtracted from negative four, is equal to negative five?
What number, when added to negative five, is equal to negative four?
What number, when subtracted from negative five, is equal to negative four?
What number, when added to negative four, is equal to negative five?

Answers

I think the answer is g=-1

Answer:

im pretty sure its the last one

Step-by-step explanation:

Can you help me please its urgent!

Answers

Answer:

Step-by-step explanation:

Option " C" is correct this question is from fixed& variable

Answer:

C

Step-by-step explanation:

The monthly fee is going to be $5 and she's playing for a month, so let's put that down-

5+

Now, we need to figure out how much she plays - since we don't know this, we put it as a letter, and since we're calculating the cost, we add this to the equation-

5+0.25*x

Therefor, the answer is C(x)=5+0.25x

If the plays for 4 hours, the equation would be 5+(0.25*4)

PLEASE HELP!!
Which inequality describes all the solutions to -5x + 6 -9
B. x 4

Answers

Answer:

-5x-3

Step-by-step explanation:

-5x+6-9=-5x-3

The inequality that describes all the solutions to the given inequality expression is x > 4

Given the inequality expression -5x + 6 < 2(-3 − x)

Expand the right-hand side of the ineqality

-5x + 6 < -6 - 2x

Collect the like terms

-5x + 2x < -6 - 6

-3x < -12

Divide both sides by -3

-3x/-3 > -12/-3

x > 4

Hence the inequality that describes all the solutions to the given inequality expression is x > 4

Learn more here: https://brainly.com/question/15816805

Can you please not sit on my eggplant Because if 6 inches plus 6 inches is not 3 inches but it would be 12 inches then why would it be 12 inches if it wasn’t 3 inches?

Answers

Answer:

because you add. if you would subtract 6 inches by 3 inches it would be 3 inches.

When we rewrite a fraction as a decimal, are we changing the value of the fraction? hi so my teacher is asking this question on this mini quiz thing and i have a horrible headache and dont feel like doing that right now. so pls help me out

Answers

Answer:

No, you are not changing the value.

Step-by-step explanation:

Answer:

No, because then it would have different values and it wouldn't be rewriting it.

Step-by-step explanation:

Ex. 1/2. The decimal for this would be 0.5, right?

We aren't changing the value of the fraction. It is just another way of writing the value.

Hope this helped. :)

Also, I hope your headache goes away. Feel better soon. :D

If BE = 2x + 2, BD = 5x – 3, and AE = 4x – 6. What is AC?

Answers

Answer:

AC=44

Step-by-step explanation:

The value of AC is 12 unit.

What is parallelogram?

A special form of quadrilateral called a parallelogram has both pairs of its opposite sides parallel and equal.

Given:

ABCD is a parallelogram.

And  BE = 2x + 2, BD = 5x – 3, and AE = 4x – 6.

The two diagonals bisect each other.

AC = AE + EC

AC = 2AE

AC = 8x-12

The diagonals of a parallelogram are equal.

So,

BD = AC

5x+3 = 8x-12

x = 3

So, AC = 12

Therefore, the AC is 12 unit.

To learn more about the parallelogram;

https://brainly.com/question/29133107

#SPJ6

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