Mr. Morris deposits $3,000 into a savings account that compounds annually by 16%. If 2 years
pass, how much money does Mr. Morris have in his savings account?

Mr. Morris Deposits $3,000 Into A Savings Account That Compounds Annually By 16%. If 2 Yearspass, How

Answers

Answer 1

Answer:

$4036.8

Step-by-step explanation:

Given data

Principal= $3,000

Rate=16% = 0.16

Time= 2 years

The expression for the compound interest is

A=P(1+r)^t

substitute our data into the expression to solve for A

A=3000(1+0.16)^2

A=3000(1.16)^2

A=3000*1.3456

A=$4036.8

Hence the savings after 2 years is $4036.8


Related Questions


The population of a town is 4,000 people. Every year the population increases by 4%. What will the population of this town be after 7 years?
After 7 years the population of this town will be?

Answers

Answer:

The answer is 5,120

Step-by-step explanation:

How to find 4% of 4000:

4 times 4000=

16000 divided by 100

160

Then you add 160 to 4000 7 times and you get 5,120.

Answer:

p=c(1+r)^t the population in 7 years will be 5263.72711694

Step-by-step explanation:

p=c(1+r)^t

p=4,000(1+.04)^t

p=4,000(1.04)^t

p=4,000(1.04)^4

p=4679.43424

p= the population you are solving for

c= the initial amount of the population

(1+r)= the rate of change

t= the period of time

find the measure of angle 7

Answers

Answer:

63°

Step-by-step explanation:

Knowing that opposite angles are equivalent, we can easily say that ∠3 is equivalent to 63°. ∠1 and ∠4 are the complements of the given angle and ∠3, so their measures are also the same and are equivalent to 180°-63°=117°.

Since the two horizontal lines are parallel, ∠6 is equivalent to ∠3, so it too is 63°. Its complements, ∠5 and ∠8, are thus equivalent to the complements of ∠1 and ∠4, and thus they are 117°. Lastly, since opposite angles are equivalent, ∠6 is equivalent to ∠7, and so ∠7 is also 63°.

the answer is 63degrese

A rectangle on a coordinate plane has vertices L(0,6), M(8,6), N(8,0), and O(0,0). What are the dimensions of the rectangle? The base is 6 and the height is 8. O The base is 8 and the height is 6. O The base is 6 and the height is 6. O The base is 8 and the height is 8.​

Answers

Answer:

the base is 8 and the height is 6

Step-by-step explanation:

i did the test

Answer:

B

Step-by-step explanation:

Which of these are integers?
-10
27
-1.33
-0.50
-65

Answers

Answer:

postive integer

27

negative integer

-10 and -65

Step-by-step explanation:

integers are whole numbers thats are not fractions or decimal. They can be negative as well but if you want a positive integer then the answer is 27

Urgent!!!
Can someone please help me with this question.
I will mark the first person who answers brainliest with an actual answer.
Please help!!!!

Answers

Answer:

The answer is C or 10, -5!

Step-by-step explanation:

Brainliest Please!

Answer:

Step-by-step explanation:

c would be located in (10,-5) have a good day

I added question and example. answer it CORRECTLY and you will get brainliest!

Answers

Answer:

1008

Step-by-step explanation:

like the 2nd picture we split it in 3 rectangular prism

[tex]V_{1}[/tex]=6*7*8=336

[tex]V_{2}[/tex]=6*7*8=336

[tex]V_{3}[/tex]=6*7*8=336

V=336+336+336=1008

if i take business stream , in the future should i take one science subject?​

Answers

Answer:

take more

Step-by-step explanation:

In ΔRST, s = 7.3 inches, t = 3.1 inches and ∠R=138°. Find the area of ΔRST, to the nearest 10th of a square inch.
big test, half grade, last problem, please lord

Answers

Answer:

5.1 inches

Step-by-step explanation:

Five triangles make up the pentagon.

The area of each is aside

The area of the pentagon is 5

Substitute values and calculate

1. Three apples, a, and two peaches, p, sell for $1.25.
Five apples and 1 peach sell for $1.50. What is the
cost of one apple?

Answers

Answer:

$0.25

Step-by-step explanation:

You can use systems of equations to solve this.

3a+2p = 1.25

5a+p = 1.5

Multiply the second equation by 2.

3a+2p = 1.25

10a+2p = 3

Subtract the bottom from the top

-7a= -1.75

Divide by -7

a= 0.25

Each apple is $0.25 (in this case, the peach also costs $0.25)

Use the following data to answer the question
10, 9, 4, 7,5.5
The range for this data is
10
06
05
04

Answers

Answer:

10

Step-by-step explanation:

range is the highest data

The dimensions of a rectangle are 2 x − 5 and 3 x + 3 . Which expression represents the area of the rectangle in simplest terms? A. 6 x 2 − 9 x − 15 B. 6 x 2 − 9 x + 15 C. 6 x 2 + 9 x − 15 D. 6 x 2 − 15 x − 9

Answers

Answer:

A

Step-by-step explanation:

The area of a rectangle is the product of its dimensions, that is

A = (2x - 5)(3x + 3) ← expand using FOIL

  = 6x² + 6x - 15x - 15 ← collect like terms

  = 6x² - 9x - 15 → A

Josie is picking apples. She has 3 identical baskets that she is trying to fill. One basket is 3/5 full, another is 7/10 full, and the last is 2/3 full. What portion of the 3 baskets has Josie filled? Give you answer as a mixed number and as an improper fraction.

Answers

Answer:

1 29/30 full

Step-by-step explanation:

Basket 1 = 3/5 full

Basket 2 = 7/10 full

Basket 3 = 2/3 full

Total = 3/5 + 7/10 + 2/3

= (18+21+20) / 30

= 59/30

= 1 29/30 full

Therefore, the portion of the 3 baskets Josie has filled is 1 29/30

Please Helpppppppppppppppppppp​

Answers

Answer:

See below

Step-by-step explanation:

[tex](f+g)(2)=f(2)+g(2)=7+3=10[/tex]

[tex](f-g)(4)=f(4)-g(4)=11-15=-4[/tex]

[tex](f \div g)(2)=7 \div 3 = \frac{7}{3}[/tex]

[tex](f \times g)(1)=f(1)\timesg(1)=5\times 0=0[/tex]

If one of the angles in a triangle is 55 degrees then what are possible measurements of the other two angles?

Answers

Answer:

100° and 25°

Step-by-step explanation:

Total measure of the angles in a triangle is 180°

180 - 55 = 125

split 125° into 2

lots of possible answers

HELP ASAP!!! PLEASE IT'S DUE AT 4:00PM TODAY PLEASE!

Describe the difference between a Non-Linear Form and a Neither Linear, Nor Non-Linear Form.

Answers

Answer:

Linear means something related to a line. All the linear equations are used to construct a line. A non-linear equation is such which does not form a straight line. It looks like a curve in a graph and has a variable slope value.

Step-by-step explanation:

Help!
solve this problem

Answers

Answer:

w = 82

Step-by-step explanation:

-92 + 82 = -10

Answer:

w = 82

Step-by-step explanation:

-92 + w = -10

add 92 to each side of the equation:

w = 82

I need help on this one

Answers

Answer:

the answer of the question is 27

Step-by-step explanation:

3×3×3=27

A string of holiday lights at a store have three colors that flash at different
times. Red lights flash every fifth second. Blue lights flash every third
seconds. Green light flashes every four seconds. The store owner turns on
the lights. After how many seconds will all three lights flash at the same
time for the first time?

Answers

Answer:

30 times i think i don't know i am doing lcm and  gcf

Step-by-step explanation:

What is the surface are of the cylinder with a height 7ft and radius 3ft?

Answers

Answer:

Total area, including top and bottom:  67.7 ft²

Step-by-step explanation:

The area of the sides (only) is A = (circumference of base)(height of cylinder), and in this case                        A = 2(3 ft)(3.14), or

approximately A = 18.8 ft²

If you also want the areas of the base and top of the cylinder, perform the indicated calculations:

A (top and bottom) = 2π(3 ft)² = 48.9 ft²

So that the total surface area is (48.9 + 18.8) ft², or 67.7 ft²

Find the area of the figure below

Answers

Answer:

36 I think, also to fintd the are of an object you count how many shapes its in the object:).

addison has 26 cups of cat food and 31 cups of dog food. Addison wants to use the same amount of cat food each day to feed her cats. she wants to use all the cat food she has before buying more. which statement is true?

Answers

Answer:

Who knows

Step-by-step explanation:

The question doesn't make sense so tell your teacher

how do I do the work by myself??​

Answers

Answer: By doing it with your notes or you could ask help from the teacher? You don't have a problem on here so good luck.

the distance a plane travels between two cities is 260 miles. The same trip, in miles, traveled by car is approximately 10% greater due to the route traveled. If the car travel at an average rate of 55 miles per hour, approximately, how long will it take the car to travel between the same two cities?

Answers

Answer:

5.2 hours or 312 minutes

Step-by-step explanation:

The plane route has been given as 260 miles.

We're told that the car/road rouge is 10% longer, and that is 260 * 1.1, which is equal to 286 miles.

Now, the car travels at 55 miles per hour, and we're to calculate how long it will take to travel.

Speed = distance / time

Making time the subject of formula, we know that

Time = distance / speed

Time = 286 miles / 55 miles per hour

Time = 5.2 hours, converting to minute, we have 5.2 * 60 = 312 minutes.

Solve for X

A) 5
B) 6
C) 7
D) 4

Answers

Answer:

A) 5

Step-by-step explanation:

ratio of big triangle to small is 9:5

45/9=5

5x/5=x

x=5

Polly and her friend, Goofus, are making friendship bracelets. The have 3 yards of thread that they need to cut into pieces that are 1/8 of a yard long. How many bracelets can they make from their yarn?

Answers

Answer: 24 bracelets.

Step-by-step explanation:

This question is about the division of numbers.

Since there are 3 yards of thread that is needed to be cut into pieces that are 1/8 of a yard long, this means that we've to divide 3 yards by 1/8. This will be:

= 3 ÷ 1/8

= 3 × 8

= 24

Therefore, they can make 24 bracelets from the yarn.

List 1 value that would make this inequality true.
9 - n ≥ 4

(How did you solve this)

Answers

9-1 > 4 = 8>4
This shows that 8 is greater than 4
8 is greater than 4 (9-1>4)

How much more time did he spending watching T.V. and Talking on the phone than he did Going to School

Answers

Answer:

 the answer is  h 8ours

Answer:

who is he

Step-by-step explanation:

True or False: you can only multiply exponents when the bases are the same

Answers

Answer:

We are given that when two variables with same base are multiplied then the exponents will be add. We have to find that given statement is true or false. There are two variable with same base x therefore, the power will be added. Hence, the statement is true.  Step-by-step explanation:

hope this helps god bless u and have a good day and give me brainliest if u want bye ;D

Answer:

True

Step-by-step explanation:

Compare the weight of the puppy and the dog using percentages.

Answers

Answer:

what are their weights

Step-by-step explanation:

I need help it’s really easy I just wasn’t paying attention

Answers

Answer:

simple how many 1/2 are in 4 the answer would be 8 y=8 can i have brainliest

Step-by-step explanation:

Answer: 30/6=5  100/4=25  

Step-by-step explanation:

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