Larry accumulated $3,000 in credit card debt. If the interest rate is 10% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years for monthly compounding?

Answers

Answer 1

Answer:

3,655.21

Step-by-step explanation:

Answer 2

The amount that Larry owes on his debt after 2 years is $20,514.

What is compound interest?

The compound interest is a form of interest where the rate of interest is applied on the amount obtained after every interval of time.

Given information is for monthly compounding as below,

The accumulated money in credit card is, P = $3000.

The rate of interest is 10% per year.

Then, the rate of interest per month is, r = 10/12 = 5/6%.

The time for compounding in years is 2 years.

Then in months, n = 2 × 12 = 24 months.

The formula for amount in compound interest is given as,

A = P(1 + r/100)ⁿ

Substitute the corresponding values to get,

A = 3000(1 + (5/6)/100)²⁴

   = 3000 × 6.838

   = 20514

Hence, the amount owed by Larry on the debt after 2 years is $20,514.

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Related Questions

A student has gotten the following grades on his tests. What is the minimum grade he must get on the last test in order to have an average of 82​? 85​, 90​, 79​, 72

Answers

Answer:

84

Step-by-step explanation:

Because average is basically the mean, so i used a mean calculator and put in the four grades (numbers) and got an average of 81.5, so then i kept putting an additional other number in and wasn't getting 82, until i put in 84 and all of those numbers together gave me an average of 82.

Answer:

84

Step-by-step explanation:

The average is found by adding all the scores together and dividing by the number of scores

Let the unknown score be x

(85+90+79+72+x) /5 = 82

Multiply each side by 5

(85+90+79+72+x) /5*5 = 82*5

(85+90+79+72+x)  = 410

Combine like terms

326+x = 410

Subtract 326 from each side

326+x-326 = 410 -326

x =84

Classes start at 8:30 a.m. at Lee's school. It takes him 15 minutes to ride his bike to school, but he likes to arrive 20 minutes early. What time should he leave home?

Answers

Answer:

maybe 7:55

Step-by-step explanation:

if he leaves at 7:55 then he gets to school at 8:10 which he is 20 minutes early for school

Answer:

7:55 a.m.

Step-by-step explanation:

What number is 110% of 150?

Answers

Answer:

165

Step-by-step explanation:

convert 110% to decimal, which is 1.1 by moving two places to the left. of means multiply so multiply 1.1 and 150 to get your answer!

Answer: 165.

Step-by-step explanation:  

need help asap please ​

Answers

the answer is b

reason:
because i did that

The model represents a perfect square monomial.
*72
+
+42
What equation is represented by the model?
(2x)2 = 4x2
(2x2)2 = 4x4
(4x)2 = 8x2
(4x2)2 = 8x8

Answers

Answer:

The answer is A

Step-by-step explanation:

(2x)^2 = 4x^2

Write the equation of the circle. A with a center A(-4,-3) and radius 5

Answers

Answer:

(x+4)^2 + (y+3)^2 = 5^2

Step-by-step explanation:

The equation of a circle is

(x-h)^2 + (y-k)^2 = r^2

now substitute the known values

(x+4)^2 + (y+3)^2 = 5^2

and theres your equation

Pentagon VWXYZ is shown on the coordinate grid. A student reflected pentagon VWXYZ across the y-axis to create pentagon V'W'X'Y'Z'. Which rule describes this transformation? *

(x, y) --> (-x , y)
(x, y) --> (x , y + 8)
(x, y) --> (-y , x)
(x, y) --> (x , -y)

Answers

Answer: (x, y) —> (-x, y)

Step-by-step explanation:

This is because the translation rule for reflection across the y-axis is (x, y) —> (-x, y)

(x, y) --> (-x , y)

Step-by-step explanation:

When reflecting across the y-axis, you will want to switch the sign of the x-coordinate. If the x-coordinate is positive, you will want to switch it to negative and vice versa.

Examples:

(3,5) --> (-3,5)

(-6,-2) --> (6,-2)

~

If you are going to reflect across the x-axis, you will change the y-coordinate, so it is the opposite of reflecting across the y-axis.

Look at this check register. Calculate the current balance.


A check register has a balance of 82 dollars and 92 cents. 78 dollars and 24 cents is debited for a phone bill. 125 dollars is deposited for a pay check. 40 dollars is debited from the A T M. 56 dollars and 50 cents is debited for tennis lessons.


The current balance is $

.

Answers

Answer:

$33.18

Step-by-step explanation:

$33.18 is the answer because...

Step one first we have the money in the cash register of $82.92. Unfortunately she has to pay a phone bill of $78.24 so we subtract 82.92 and 78.24 which leaves the person with $4.68.Step two so she has $4.68 but now she gets an outstanding $125 paycheck. So we add $4.68 and $125 to get $129.68 as her new balance.Now the person's balance is $129.68 it says in the question she debited $40 from the ATM. So we subtract $129.68 and $40 to get $89.68.Step four she also had to pay $56.50 for the persons tennis lessons so we subtract $89.68 and $56.50 to get our final answer of $33.18Hope this helped :)

The current balance is calculated by starting with the initial balance of $82.92 and then subtracting debits and adding credits from various transactions. After all adjustments, the current account balance is $33.18.

To calculate the current balance, we'll start with the first number under Balance and adjust it based on the recorded transactions.

Start with the initial balance: $82.92

Subtract the debit for the phone bill: $82.92 - $78.24 = $4.68

Add the deposit from the paycheck: $4.68 + $125.00 = $129.68

Subtract the ATM debit: $129.68 - $40.00 = $89.68

Finally, subtract the debit for tennis lessons: $89.68 - $56.50 = $33.18

Therefore, the current balance is $33.18.

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Identify the correct formula for the following sequence. 2, -4, -10, -16, -22, ...
A. an = 6n - 8
B. an = -8n + 6
C. an = 8n - 6
D. an = -6n + 8

Answers

Answer:

D

Step-by-step explanation:

The terms in the sequence have a common difference d between consecutive terms, that is

d = - 4 - 2 = - 10 - ( - 4) = - 16 - (- 10) = - 22 - (- 16) = - 6

This indicates the sequence is arithmetic with n th term

[tex]a_{n}[/tex] = a₁ + (n - 1)d

where a₁ is the first term and d the common difference

Here a₁ = 2 and d = - 6, thus

[tex]a_{n}[/tex] = 2 - 6(n - 1) = 2 - 6n + 6 = - 6n + 8 → D

l What are the 1st 4 terms of the sequence defined by the following equation AN equals 5 × 2 in -1


Identify the least and greatest value in each set.
1. 34, 62, 45, 35, 75, 23, 35, 65 23, 75

Answers

Answer:

Least; 23. Greatest; 75

Hope this helped.

the least is 23 and the greatest is 75 i think

What is the value of the expression 2 + 32 ⋅ (3 − 1)? 20 22 23 32 HELP

Answers

Answer:

66

Step-by-step explanation:

Parentheses first 3-1 = 2

2*32=64

64+2=66

Which person is more likely to have more wealth upon retirement?
A-a person who has invested 5 percent of their income into a stock portfolio beginning at age 50
B-a professional who bought some of their company’s stock beginning at age 30
C-a person who has invested 5 percent of their income into an equity mutual fund beginning at age 22
D-a person who has invested 5 percent of their income into government bonds beginning at age 22

Answers

Answer:

c

Step-by-step explanation:

n...
Select the best answer for the question
13. Which of the following is an example of a proper fraction?
.
O A. 4
O B.76
O c. 4/4
O D.43
eh...

Answers

4/4 is an example of a fraction.

choose the scenario that could be represented by 3/4
a - three friends share four apples equally
b - A four hour trip is the wedding into three equal legs C - four people share three desserts equally
D - 4 pounds of oats I divide it equally among three horses

Answers

Answer:

C

Step-by-step explanation:

A,B,D all divide 4 by 3

Answer: 'C'

Step-by-step explanation:

Simplify (write without the absolute value sign):
x+3, if x>2

Answers

Answer:

X+3 , if x>2

>2 is 3,4,5,6,,,extra

4+3 = 7

So , x>2

7>2

Step-by-step explanation:

Answer:

i dont know what it is

Step-by-step explanation:

LOL

2
Given that sin 8 =
and gº C.
1
IN NI
d
0

Answers

Answer:

It seems like there might be a bit of a mix-up or incomplete information in your question. "sin 8 =" appears to be incomplete, and "gº C." is not clear in the context provided. If you have a specific question or need assistance with a math or physics concept, please provide more details, and I'll be happy to help.

Step-by-step explanation:

Final answer:

The given sine value of 2/1 is not possible as the sine of an angle cannot exceed 1 or be less than -1. It seems there's an error in your question and incomplete information prevents a comprehensive answer.

Explanation:

Given that the sin 8 = 2/1, it's important to note that in a range of -1 and 1, the sine of an angle cannot be greater than 1 or less than -1. Therefore, there's an error in your original question. Also, the second part of your question seems to be cut off (gº C. 1 IN NI). There seems to be no apparent relation to the sine function, and without a clear follow-up question or further information, I couldn't provide an accurate answer for it. Please revise your question and provide additional information if necessary.

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Explain one way a geometric function is similar to an exponential function

Answers

A. A geometric sequence is given a starting number and a common ratio. Each number of the sequence is given by multiplying the previous one for the common ratio.

The value of a car depreciates every two years. The value of the car after t years is shown by the following expression. Which best describes the coefficient, 25,250? A. the number of times the value of the car depreciated from the original value B. the decrease in the value of the car every two years C. the rate at which the value of the car is decreasing D. the initial value of the car

Answers

Answer:

A.

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

plz anybody answer this plz will give you brainliest!!!

Answers

The answer is 5 cm squared

Answer

i got 440cm^2 as the answer

Is y=x a proportional linear equation

Answers

Answer: yes.

Step-by-step explanation:

What is the y-intercept of the parabola, y=25/4x^2+10x?

Answers

Answer:

0

Step-by-step explanation:

To get the y-intercept ,all you have to do is to substitute x by 0 in the equation y=25/4x²+10x and find the value of y .

y = 25/4(0)²+10(0)

  = 0 + 0

 = 0

Liliana is renting a beach house for a family vacation. The house charges a $75 cleaning fee plus $95 per night. If Liliana wants to spend a maximum of $645 on the rental, which inequality represents “n”, the number of nights can she afford to rent the beach house?

Answers

95n+75 is less than or equal to 645. 645-75=570. 95n is less than or equal to 570. 570/95=6. A maximum of six nights

Answer:

She can spend 6 nights in the beach house

Can you answer these questions? Im doing them on my own but I need to check if they're right

Answers

Answer:

I got you.

Step-by-step explanation:

1. If x=5, whats (10x-5)+30:

First, (10x-5)

50-5=45

45+30=75

10x-5+30=75.

2.Inverse operations: 10+5 inverses 10-5, 10*5 inverses 10/5

3. I do: For example: 10x-5=60

Then, you would divide: 60/10 and 10/10

We need to isolate the variable: x-5=6

Leaving x to be 11.

4. That is a hard one but, for an equation to have no solution is that it is impossible to answer or just doesn't have an answer. And for an equation to have infinite solutions it means that it has more than one answer... Infinitely.

5. Using the distributive property for simplify: The distributive property of multiplication is a very useful property that lets you simplify expressions in which you are multiplying a number by a sum or difference. The property states that the product of a sum or difference, such as 6(5 – 2), is equal to the sum or difference of the products – in this case, 6(5) – 6(2).Remember that there are several ways to write multiplication. 3 x 6 = 3(6) = 3 •                          3 • (2 + 4) = 3 • 6 = 18.

Graph the equation
y=2(x+1)(x-1)

Answers

To graph the equation y = 2(x+1)(x-1), we can start by finding the x-intercepts and y-intercept of the equation.

To find the x-intercepts, we set y = 0 and solve for x:

0 = 2(x+1)(x-1)

0 = 2(x^2 - 1)

0 = 2(x+1)(x-1)

So, the x-intercepts are -1 and 1.

To find the y-intercept, we set x = 0 and solve for y:

y = 2(0+1)(0-1)

y = -2

So, the y-intercept is -2.

Now, we can plot the intercepts on the coordinate plane and sketch the graph of the equation. Since the equation is a quadratic function, the graph will be a parabola.

The x-intercepts are -1 and 1, so we can plot these points on the x-axis. The y-intercept is -2, so we can plot this point on the y-axis.

Next, we can plot a few additional points to help us sketch the graph. For example, we can choose x = -2, -0.5, 0.5, and 2, and find the corresponding y-values:

When x = -2, y = 2(-2+1)(-2-1) = 6

When x = -0.5, y = 2(-0.5+1)(-0.5-1) = 1.5

When x = 0.5, y = 2(0.5+1)(0.5-1) = -1.5

When x = 2, y = 2(2+1)(2-1) = 6

Now, we can plot these points and sketch the graph of the equation, which is a parabola that opens upwards and passes through the points (-2, 6), (-1, 0), (0, -2), (1, 0), and (2, 6).

The graph of the equation y = 2(x+1)(x-1) is shown below:

Graph of y = 2(x+1)(x-1)

Therefore, this is the graph of the equation y = 2(x+1)(x-1).

MATH HELP !50 POINTS! PLEASE

Answers

Answer:

c 17 sorry if i got it wrong but thats what i got

Answer:

b) 19

Step-by-step explanation:

I took the price of the meat per pound and multiplied it by the amount the customer was purchasing.

I repeated that for each meat. I added my products together. My sum was $18.965, or about $19

I hope this makes sense :)

Write a system of equations to describe the situation below, solve using any method, and fill in the blanks.

Roger and Evelyn decided to shoot arrows at a simple target with a large outer ring and a smaller bull's-eye. Roger went first and landed 2 arrows in the outer ring and 5 arrows in the bull's-eye, for a total of 416 points. Evelyn went second and got 2 arrows in the outer ring and 1 arrow in the bull's-eye, earning a total of 112 points. How many points is each region of the target worth?

The outer ring is worth __ points, and the bull's-eye is worth __ points.

Answers

Answer:

outer region= 18pts, bulls eye=76pts

Step-by-step explanation:

its a system of equations

znzbzhshsjhsuwjanzns

GIVING BRAINLIEST BRAINLIEST!!!! Easy mathhh

Answers

Truthfully, this is tough to type over a computer but, let me see if I can guide you through doing it.

Method: Starting from the very center of the graph, move according to the coordinates, using (x, y)

- X is your horizontal axis.

- Y is your vertical axis.

Concept of Understanding Negatives and Positives:

A positive X, will mean it goes to the right.

A positive Y, will mean it goes up.

A negative X, will mean it goes to the left.

A negative Y, will mean it goes down.

Apply!

- From the center, "A (-2 , -1)" will translate to "go left two spaces, and go down by one". Plot the point.

- From the center, "B (-3 , -1)" will translate to "go left three spaces, and go down by one". Plot the point.

- From the center, "C (3 , 3)" will translate to "go right three spaces, and go up by thjree". Plot the point.

- From the center, "B (-2 , 3)" will translate to "go left two spaces, and go up by three". Plot the point.

CONNECT THE LINES! :D

Next, let's find the area of that shape!

Area = Base×Height

In this case, 4×1, because the height is 4 boxes, and it's 1 box for it's base.

Answer:

Answer is 4X1, PLEASE GIVE ME BRAINLIEST

Step-by-step explanation:

Find an explicit formula for the geometric sequence 120, 60, 30, 15, ...

Answers

Final answer:

The explicit formula for the geometric sequence 120, 60, 30, 15, ... is an n = 120  times [tex](0.5)^{n-1}[/tex], where an is the nth term of the sequence.

Explanation:

The sequence given, 120, 60, 30, 15,..., is an example of a geometric sequence where each term is obtained by multiplying the previous one by a constant called the common ratio. For this sequence, the first term a is 120, and the common ratio r is 0.5 since each term is half the preceding one.

An explicit formula for a geometric sequence can be expressed as:

an = a times [tex]r^{n-1}[/tex]

Where a is the first term, r is the common ratio, and n is the term number. Applying this to the given sequence, the explicit formula is:

an = 120  times [tex](0.5)^{n-1}[/tex]

This formula represents the nth term of the sequence, showing how each term can be calculated directly from its position in the sequence.

On a certain hot​ summer's day, 163 people used the public swimming pool. The daily prices are $ 1.50 for children and $ 2.50 for adults. The receipts for admission totaled $ 312.50 .  How many children and how many adults swam at the public pool that​ day?

Answers

Answer: 95 children, 68 adults

Step-by-step explanation:

Let the number of children be y

Let the number of adults be z

The following equation can be gotten from the question:

y + z = 163 ...... equation i

1.5y + 2.5z = 312.5 ....... equation ii

Multiply equation I by 1.5

Multiply equation ii by 1

1.5y + 1.5z = 244.5 ......... equation iii

1.5y + 2.5z = 312.5 ........ equation iv

Then subtract equation iv from iii

-z = -68

z = 68

From equation I

y + z = 163

y = 163 - 68

= 95

95 children and 68 adults swam.


[tex]5x + 3x = 2 + 5 - 3x[/tex]
solve for x​

Answers

the answer is x=7/10

Answer:

[tex]x = \frac{7}{11} [/tex]

Step-by-step explanation:

[tex]5x + 3x = 2 + 5 - 3x \\ 8x = 7 - 3x \\ 11x = 7 \\ x = \frac{7}{11} [/tex]

Other Questions
Read the excerpts from Alice Gerstenbergss play, Fourteen, and The Dinner Party, which show an event in the story differently. Which statement describes the difference between Gerstenbergs play and the short story?From Fourteen:MRS. PRINGLE: . . . Theres the front doorbell, Dunham . . . go, peek into the drawing-room and tell me who it is [As DUNHAM goes out, the telephone rings. MRS. PRINGLE eyes it suspiciously.] . . . Now what? Hello! Who! Mr. Farnsworth! Mr. Oliver Farnsworth? No . . . Hes what? Instructed you to make his excuses! He had to leave for Boston at once on very important business Oh! [She hangs up the receiver without completing the conversation and hits the telephone in a temper, then rises and paces back and forth in a rage.] How dare he! How dare he! The last moment like this! No regard for a hostesss feelings! No regard for the efforts she goes to provide an evenings enjoyment! And such a good dinner I planned and he promised he would come business! I dont believe it! He didnt want to exert himself was afraid of freezing in the blizzard as if he didnt have half a dozen limousines to carry him to the door selfishness downright rudeness and worth millions just a match for you, Elaine and I was bound you should meet him and sit next to him at the table [she tears up his card], and now I dont know when I can give you a chance like that again! Im perfectly furious Ill never speak to him again! I wont be treated that way From The Dinner Party:While Dunham went to answer the door, Mrs. Pringle snatched the receiver up to her ear. It was the secretary for Oliver Farnworth. Before the poor man could explain their cancelation, Mrs. Pringle hung up and flew into a rage. HOW DARE HE! she roared. At the last moment! So inconsiderate of him! Everythings ruined now! I will not be treated this way by anyone! Then she turned on Elaine. And how will I ever find a suitor for you now?A. The short story focuses on more significant insights into why Mrs. Pringle is upset than the play.B. The wording and the length of the dialogue in the play paints a more vivid picture of Mrs. Pringles feelings than the text of the shorty story.C. The play tells more about what Dunham did when Mrs. Pringle got bad news than the short story.D. The short story includes details about Oliver Farnsworths reasons for canceling that the play does not. You buy an electric guitar for 30% off the original price. If the original price is $450, howmuch didyou pay? Can someone please help me with 10,11,and 12 I WILL MARK BRAINLIEST!!! 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Name at least three. Perform the following operationand express the answer inscientific notation.4.0x10^5 x 3.0x10^3 2) The growth rate of the raccoon population in this scenario is exponential or sometimes referred to as the biotic potential. This is the maximum rate of growth without limitations that would otherwise impede growth. While small populations may grow at this rate initially, eventually it slows. What are three factors that could cause growth to slow? What is the authors purpose in a work of nonfiction?the reason the author is writing the thesis statement the universal topic the reason an author stops writing 30 points please help! To help the teens weigh the risks and ponder if they could remain nonviolent, workshop leaders got them to talk about how they felt. Bernard Lafayette, one of the trainers, said, "We didn't want anyone to . . . participate in the demonstrations and then regret that they did." He found it was "easier for the girls to talk about feelings than boys . . . Which part of the narrative structure does the author develop in this excerpt? Plot is developed as Arnetta participates in protests and marches. Characterization reveals the workshop leaders compassion. Conflict is developed as Arnetta argues with her workshop director. Setting reveals a description of the historical time period. What is the higher measurement of blood pressurecalled?A. systolicB. diastolicC. stage 1D. stage 2 I NEED HELP ASAPPWhat is the "Programa de Vigilantes Ecolgicos"?A.a television series that highlights environmental issuesB.a video series filmed to inform people on how to protect the environmentC.a magazine written by Mxico's Office of the Secretary of the EnvironmentD.a curriculum for schools to educate their students on environmental issues How many molecules of ATP are made frombreaking down a molecule of glucose? 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At the instant when the block passes through its equilibrium position, a lump of putty with mass m is dropped vertically onto the block from a very small height and sticks to it. Part APart complete What should be the value of the putty mass m so that the amplitude after the collision is one-half the original amplitude? Express your answer in terms of the variables M, A1, and k. m = 3M Previous Answers Correct Part B For this value of m, what fraction of the original mechanical energy is converted into heat? Express your answer in terms of the variables M, A1, and k. Steam Workshop Downloader