Billy invests $5,000 in an account at 4.2% for 15 years, compounded monthly. Assuming no other deposits or withdrawals are made, how much will Billy have at the end of 15 years?

Answers

Answer 1
5,008 and you can find it on nerd wallet
Answer 2

The amount Billy has at the end of the 15 years is $9,377.73.

What is compound interest?

It is the interest we earned on the interest.

The formula for the amount earned with compound interest after n years is given as:

A = P[tex](1 + r/n)^{nt}[/tex]

P = principal

r = rate

t = time in years

n = number of times compounded in a year.

We have,

P = $5000

r = 4.2%

t = 15 years

n = 12

A = P[tex](1 + r/n)^{nt}[/tex]

A = 5000 [tex](1 + 0.0035)^{180}[/tex]

A = 5000 x [tex]1.0035^{180}[/tex]

A = $9,377.73

Thus,

Billy has $9,377.73 at the end of the 15 years.

Learn more about compound interest here:

https://brainly.com/question/13155407

#SPJ2


Related Questions

help me please ill mark as the brainiest if correct.

Answers

Answer:

14 minutes

Step-by-step explanation:

For every two minutes the temperature increases by 15 c. since 8 equals 55, 10 is 70, 12 is 85, and 14 is 100.

Answer:

14

Step-by-step explanation:

help plssssssssssssssssssssssssssssssssssssss

Answers

ANSWER: 0.125 cubic cm

3 1/3 of it is 10
I need help!

Answers

Not sure what your asking but i know from 3 1/3 of it is 10 means 3 1/3 equals 1/3rd of 10 but please tell me what your asking in the comment section ty

E=4i+3j A=5i finfd E.A=EAcos

Answers

Answer:

theta = 36.87

Step-by-step explanation:

E.A= (4i+3j).5i= 20

|E| |A| =

[tex] | e| |a| = \sqrt{4 ^{2} + {3}^{2} } \times 5 = 25[/tex]

[tex] \cos(theta) = \frac{e.a}{ |e ||a | } = \frac{20}{25} = \frac{4}{5} \\ theta = \cos ^{ - 1} ( {.8} ) = 36.87 [/tex]

Anyone know how to work this problem? I need to find the domain and range

Answers

Answer:

Step-by-step explanation:

Domain : [-9,-3]

Range: [2,6]

Answer:

um I think it's the range is 30

LAST ATTEMPT !! MARKING AS BRAINIEST!!

Answers

Answer: You have to get a better picture cause I cant see but D'C is 8

Step-by-step explanation:

WILL GIVE BRAINLIEST

Answers

Answer:the slope of the line is 5/3

The y-intercept is 0

Step-by-step explanation:

Answer:

C and E

Step-by-step explanation:

this drawing shows an isosceles triangle work out the size of angle a plz help as soon as possible thks




Answers

Answer:

70°

Step-by-step explanation:

Size of angle a = (180°-40°) ÷ 2 (angle sum of triangle; base angles of isos triangle)

                         = 140° ÷ 2

                         = 70°

Answer:

a + 40° = 180°

a t40°-40° =180°- 40°

a = 140°

Step-by-step explanation:

isosceles add up to 180°

Which of the following are possible side
lengths for a triangle?
A. 8, 5, 7
B. 10, 3, 7
C. 9,5, 15

Answers

Answer:

A  yes     B No    C  Yes

Step-by-step explanation:

The length of the third side is greater than the difference and less than the sum of the two smallest sides.

8, 5, 7    Using the 5 and 7  the third side is > (7 - 5) and < (5 + 7)

                                              the third side is  > 2  and < 12 so 8 is OK

10, 3, 7   Use the two smallest number: 3 and 7

                                               the third side is  > (7 - 3) and < (3 + 7)    

                                               the third side is > 4 and < 10   No it is 10

9, 5, 15    Use the two smallest number 9, 5

                                               the third side is > (9 - 5) and < (9 + 5)  

                                               the third side is > 4 and < 14       Yes  

Answer:

A. 8, 5 , 7

Step-by-step explanation:
the other guy who answered  gave two yes's so I chose one and A. was correct.

What functions have a range of {y £ R | -

Answers

Answer:

the second and the fourth have a range of real no

What do you add to 17/4 to make 5?

Answers

The number that can be added to 17/4 to make 5 is 3/4

How to add fractions

Given

Add to 17/4 to make 5

let

x = number added

x + 17/4 = 5

x = 5 - 17/4

x = (20-17) / 4

x = 3/4

Learn more about fraction:

https://brainly.com/question/11562149

LAST ATTEMPT IM MARKING AS BRAINLIEST!! (Graph the image of the figure using the dilation given)

Answers

Answer:

Try this on for size

Step-by-step explanation:

I’ll give the crown thing
The band sold 456 pies in 2 weeks. Which proportion could be used to make the best estimate for the number of pies that will be sold in 12 weeks?

Answers

Answer:

i would say A. if its not a its B.

Step-by-step explanation:

The cost of 5 story books is Rs 800. How many books can be bought for Rs 1,440?​

Answers

Answer:

cost of 5 story book=800

cost of 1 story book=800/5

=160

how many. book can be bought on rs.1400

=1400/160

=8.75

Step-by-step explanation:

=

Choose the symbol that correctly compares these mixed numbers.

Answers

Answer:

It is 7 2/11 is less then 7 4/10

Step-by-step explanation:

You do not have to worry about the whole number because they are the same. You have to compare the fractions, so if comparing fractions 10 is less then 11 so 1/10 has a larger space then 1/11. That is how i got the answer. Hope this helps. Am I right?

Answer:

[tex]\huge\purple{\overline{\quad\quad\quad\quad\quad\quad\quad\quad\quad \ \ \ }}[/tex]

[tex]7 \frac{2}{11} < 7 \frac{4}{10} [/tex]

Answer: B

Find the missing number so that the equation has infinitely many solutions.
4(4x - 14) - 14x +
-2(-x + 19)

Answers

Answer:

  18

Step-by-step explanation:

Maybe you want to fill in the blank so this is true for all x:

  4(4x -14) -14x + ___ = -2(-x +19)

Simplifying, we get ...

  16x -14x -56 + ___ = 2x -38

Adding 56-2x to both sides leaves ...

  ___ = 18

The missing number is 18.

Please help!
Having lots of trouble with math :)

Answers

So x and y are supplementary because the angle beside X is 90º so all together it’s 180º


And each side should add up to 90º

So x and y should each be 45º if I’m not mistaken, and then z is (I forgot the proper vocab term for this) right flippity across y so it should also be 45º
It should be a supplementary angle. Srry if it doesn’t help :/

Please help………………………

Answers

Answer:

= 180

y = 34

is the answer

lim
x→0

5x2 + 2x/sin(x) ?????

Answers

Answer:

114.59155

Step-by-step explanation:

Answer:

Sorry i didn't know that

ALOT OF POINTS FOR THIS ONE

Admission to the state fair is $12, and each ride ticket costs $3.50. Write an
expression to represent the situation and explain what the variable means.

3.50t + 12 where t represents the number of ride tickets
3.50a + 12 where a represents the cost of admission
12a + 3.50 where a represents the cost of admission
12t + 3.50 where t represents the number of ride tickets

Answers

Answer:

Step-by-step explanation:

12a + 3.50t x 6rides

Which value of x is a solution of the equation 4(x + 3) - 10 =6 (x -2)

Answers

[tex]\huge\text{Hey there!}[/tex]

[tex]\large\textsf{4(x + 3) - 10 = 6(x -2)}\\\large\textsf{4(x) + 4(3) - 10 = 6(x) + 6(-2)}\\\large\textsf{4x + 12 - 10 = 6x - 12}\\\large\textsf{4x + 2 = 6x - 12}\\\large\text{SUBTRACT 6x to BOTH SIDES}\\\large\textsf{4x + 2 - 6x = 6x - 12 - 6x}\\\large\text{SIMPLIFY IT!}\\\large\text{NEW EQUATION: \textsf{-2x + 2 = -12}}\\\large\text{SUBTRACT 2 to BOTH SIDES}\\\large\textsf{-2x + 2 - 2 = 6x - 12 - 6x}\\\large\text{SIMPLIFY IT!}\\\large\textsf{-2x = -14}\\\large\text{DIVIDE -2 to BOTH SIDES}[/tex]

[tex]\mathsf{\dfrac{-2x}{-2}= \dfrac{-14}{-2}}\\\large\text{CANCEL out: }\rm{\dfrac{-2}{-2}}\large\text{ because it gives you 1}\\\large\text{KEEP: }\rm{\dfrac{-14}{-2}}\large\text{ because it helps solve for the x-value}\\\large\text{NEW EQUATION: }\mathsf{x = \dfrac{-14}{-2}}\\\large\text{SIMPLIFY IT!}\\\large\textsf{x = 7}\\\\\\\huge\boxed{\text{Therefore, your answer is: \boxed{\textsf{x = 7}}}}\huge\checkmark[/tex]

[tex]\huge\text{Good luck on your assignment \& enjoy your day!}[/tex]

~[tex]\frak{Amphitrite1040:)}[/tex]

pls help quick
plssss
plssssss

Answers

The second year would be 16.
The third year would be 20.

Help help help help help math

Answers

Step-by-step explanation:

don't panic. just breathe and think logically.

why would these angles be different ? how could they be different ?

right : they cannot be different. otherwise the 2 horizontal lines would not be parallel.

so, yes, indeed, these 2 angles are identical.

3x + 2 = 2x + 6

x = 4

that's it.

Help help math math

Answers

Answer:

There are 24 different combinations.

Step-by-step explanation:

2x4x3= 24

Please answer
2x^2+7x+3=0

Answers

Answer:

x+-(1)/(2),-3

Step-by-step explanation:

Thank you:)

what decimal represents the fraction 1/4

Answers

Answer:

0.25

Step-by-step explanation:

1/4 is equal to 1.00 split into 4 equal parts. 0.25*4 = 1.00 , meaning that each 1/4 is equal to 0.25

Answer:

0.25.

Step-by-step explanation:

We divide 1 by 4:

4)  1. 00

    0.25

Rebecca draws a graph of a real-world relationship that turns out to be a set of unconnected points. Can the relationship be linear? Can it be proportional? Complete the explanation of your reasoning.

Answers

Answer:

Step-by-step explanation:

A jet plane can carry up to 200,000 liters of fuel. It used 130,000 liters of fuel during a flight. What percentage of the fuel capacity did it use on this flight?

Answers

Answer:

Step-by-step explanation:

65%

Step-by-step explanation:

Given: Full capacity= 200000 litres

          Amount of fuel used during flight= 130000 litres

Now, finding percentage of fuel used on the flight.

∴ Percentage of fuel used=  

Solving it, we will get  

∴ 65% of fuel capacity been used in this flight.

Answer:

65%.

Step-by-step explanation:

(130,000/200.000) * 100

= 0.65 * 100

= 65%.

Please help me with these proof questions!

Answers

Answer:

The answers can be seen in the photo

Thomas finished the 200-meter race in 25.7 seconds while Mikah finished in 28.1 seconds. How much faster did Thomas run the race than Mikah?

Answers

Answer:

2.4 seconds

Step-by-step explanation:

We can use subtraction to solve this problem.

28.1 - 25.7 = 2.4 seconds

[] Fun Fact: For men, the world record in the 200-meter dash is by Usain Bolt with a time of 19.30 seconds

Have a nice day!

     I hope this is what you are looking for, but if not - comment! I will edit and update my answer accordingly. (ノ^∇^)

- Heather

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