if a one time contribution of $2400 is deposited into an anually compounding account with a 2.9% interest rate, how much will be in the account after 2 years?

Answers

Answer 1
Answer: 2400(1+2.9%)^2=???.....

Related Questions

When e = 4, f = 2, and g = 8. If e varies jointly with f and g, what is the constant of variation?
PLEASE HELP!!!!!The data set represents the heights of players on a soccer team. 5.75, 5.16, 6, 5.25, 5.5, 6.25, 5.66, 5.33, 5.33, 6, 5.75. 5.66, 5.16 What is the interquartile range (IQR) of the data set? A. 0.585 B. 1.09 C. 5.6 D. 5.875
What should be the top item on a list of your life goals? A. A goal that's financially feasible B. A goal that's most important to you C. A goal that's easily achievable D. A goal you think others would want you to complete
URGENT WILL GIVE 20 POINTS AND BRAINLIEST:If the BASE ANGLES of an isosceles triangle ARE 44 degrees, what is the measure of the VERTEX ANGLE?
What is the value of the function when x = 1? y =

Alicia and her friends brittany, kenji, and ellis, are taking a pottery class.the four friends have to share 3 blocks of clay .how much clay will each of them receive if they divide the 3 blocks evenly?

Answers

3/4 = 0.75 of a block

A rancher needs to enclose two adjacent rectangular​ corrals, one for cattle and one for sheep. If the river forms one side of the corrals and 390 yd of fencing is​ available, find the largest total area that can be enclosed.

Answers

Width  = 55 yards

Length   =  165 yards

Maximized area   =  9075 sq yd

Step-by-step explanation:

Here, the total length of fencing available  =  390 yd

Let L = length of the side parallel to river

W = width of other 3 sides.

So, total fencing L  +  3 W =  390 yd

or, L  = 390 - 3 W

Now, Area of the field  = L x W

= (390 - 3 w) (W)

or, A  =  -3 W² + 330 W

The maximum value of above function is  at W = ((-b)/(2a) ) = (-330)/(2* (-3))  =  55

So, W = 55 yards

Now, L = (390 - 3 (55) ) =  165 yards

Now, maximized area  = L x W

= 55 x 165  = 9075 sq yds

Without adding find the sum 1 +3+5+7+.........................+47+49

Answers

Answer:

Hi,

Step-by-step explanation:

Find the sum 1 +3+5+7+.........................+47+49.

Number\ of\ terms\ in\ this\ sum\ =(49-1)/(3-1)+1 =(48)/(2)+1=24+1=25 \n\n\n1+49=50\n\n1+2+3+4+...+49=(25*50)/(2) =25^2=\boxed{625}\n

The equation of a line is y = -3x - 2. What are the slope and the y-intercept of the line? slope = -3 and y-intercept = 2 slope = 3 and y-intercept = -2 slope = 3 and y-intercept = 2 slope = -3 and y-intercept = -2​

Answers

Answer:

slope -3 and y-intercept -2

Step-by-step explanation:

The slope:

the general linear function is y=mx+n where m is the slope

so slope = -3

y intercept is when x=0

y=-3*0-2

y=-2  

Math help me ASAP!!!

Answers

The answer you are looking for is B.

Dan pays £714.73 a year in his car insurance. The insurance company reduces the price by 4.1%. How much does the insurance cost now? Give your answer to 2 DP.

Answers

Answer:

£682.57

Step-by-step explanation:

Dan pays £714.73 a year in his car insurance.

The price was reduced by 4.1%

To find the new cost of the insurance, we simply need to find 4.15% of £714.73 and then subtract that from the initial price of the insurance (£714.73)

4.5% of 714.73 is:

(4.5)/(100) * 714.73 = £32.16

Then, the cost of the insurance now is:

£714.73 - £32.16 = £682.57

The insurance now costs £682.57

Final answer:

To calculate the new price of the insurance, we first calculate the discount, which is 4.1% of the original price (£714.73). Then, subtract this discount from the original price. Understanding percentage reduction is fundamental in calculating such discounts.

Explanation:

To calculate the new cost of car insurance, we will subtract the 4.1% reduction from the original price of £714.73. The percentage reduction can be calculated using the formula: Discount = Original Price x (Percentage / 100).

In our case, the discount is given by: Discount = £714.73 x (4.1 / 100).

Then, we subtract this discount from the original price to obtain the new price of insurance: New Price = Original Price - Discount.

Insurance premiums are a significant factor in personal finance, but factors like discounts can make them more affordable. It is crucial to understand the concept of percentage reductions to comprehend how discounts significantly affect the final cost for services such as insurance.

Learn more about Percentage Reduction here:

brainly.com/question/40042564

#SPJ12