What will be the balance in the savings account

Assignment Help Mathematics
Reference no: EM13205086

A person deposits $1500 in a savings account that pays 3% annual interest compounded yearly. At the end of th 12 years what will be the balance in the savings account?

Reference no: EM13205086

Questions Cloud

State the theoretical yield in grams and the percent yield : Determine the theoretical yield in grams and the percent yield, if 21.8 g of K2CO3 is produced form reacting 27.8g K2O with 8.0 L of CO2 at STP.
Find the volume of the box in cubic centimeters : A rectangular box with a square base is 13 centimeters taller than it is wide. If the surface area of the box is 1488 square centimeters, find the volume of the box in cubic centimeters.
A palindrome is a string : A palindrome is a string that is spelled the same way forward and backward. some examples of palindromes are: "radar," "able was i ere i saw elba," and, if you ignore blanks, "a man a plan a canal panama
Calculate the internal rate of return for each project : Calculate each project's payback period and calculate the net present value (NPV) for each project and calculate the internal rate of return for each project using an NPV profile
What will be the balance in the savings account : A person deposits $1500 in a savings account that pays 3% annual interest compounded yearly. At the end of th 12 years what will be the balance in the savings account?
What final temp would be required to increase the pressure : What final temp. would be required to increase the pressure to 1 atm, the volume being held constant?
Discuss some of the constraints that imposes : think about the requirement to solve this problem using only 17th and 18th century tools and methodologies. list and discuss some of the constraints that imposes.
How many humans and horses are there : e day, a person went to horse racing area, Instead of counting the number of human and horses, he instead counted 46 heads and 112 legs. Yet he knew the number of humans and horses there. How did he do it, and how many humans and horses are there.
Do the tax that was imposed either efficient or equitable : Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, progressive or, regressive What assumptions do you make in answering this question Do you think the tax that was imposed either efficien..

Reviews

Write a Review

 

Mathematics Questions & Answers

  State an appropriate boundary condition to ensure problem

Specify an appropriate boundary condition at x = 0 to ensure that the problem is self-adjoint. b) Use the Rayleigh quotient to show that there are no negative eigenvalues.

  How many days can he go without repeating an entire day

A college student eats all his meals at a restaurant offering nine breakfast specials, three lunch specials, and four dinner specials. How many days can he go without repeating an entire day's menu selection?

  Calculation of probability and normal distribution

Calculation of Probability - Normal Distribution - find the probability that a randomly selected employee

  Find the critical values of r given the number of pairs

Suppose you will perform a test to determine whether there is sufficient evidence to support a claim of a linear correlation between two variables. Find the critical values of r given the number of pairs of data n and the significance level alpha.

  Linear algebra system of equations

Determine q such that the system-Has no solution

  State the cost of the fencing parallel to the stream

the cost of the fencing parallel to the stream is $15 per foot installed , and installed . Find the dimensions of the maximum enclosed area

  Find probability- selection without replacement

Suppose that you select 3 cards without replacement from an ordinary deck of playing cards. If the first card that you select is a spade and the second is a heart, what is the probability that the third card that you select is a spade?

  Math problem-ending balance-interest and pay out

If I have a 10,000 death benefit at work that is left on deposit for 7 years at an annual interest rate of 5%. The balance after 7 years is what? and then is going to be paid out in 120 equal payments.

  Explain important information about counting and probability

Important information about Counting and probability, Find the number of possible combinations of picking 2 items out of 6.

  Explain moment generating functions and poisson process

Probability: Moment Generating Functions and Poisson Process Let X be a discrete random variable with probability mass function Pr {X=k} = c(1+ k^2) for k= -2, -1, 0, 1, 2.

  Find the solution to linear transformations

The solution to Linear transformations, A linear transformation L: V -- W is said to be one-to-one if L(v1) = L(v2) implies that v1=v2. Show that L is one-to-one if and only if ker(L) = {0v}.

  Finding speed and direction of a swimmer

Did you state probable solutions to all parts of the problem statement? Did you organize your information in paragraph form using at least 100 words?Did you reply to two other students' posts with appropriate replies using at least three sentences..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd