Question

To find the increased amount on a standard term deposit with the following conditions: starting amount: BGN 13000, type of deposit: annual, annual compound interest rate: 1.4%, after 4 years;

150

likes

752 views

Answer to a math question To find the increased amount on a standard term deposit with the following conditions: starting amount: BGN 13000, type of deposit: annual, annual compound interest rate: 1.4%, after 4 years;

$Expert avatar$

Eliseo

4.6

102 Answers

First, convert R as a percent to r as a decimal r = R/100 r = 1.4/100 r = 0.014 rate per year, Then solve the equation for A A=P\left(1+\frac{r}{n}\right)^{}^{nt}

A=13,000.00\left(1+\frac{0.014}{1}\right)^{}^{1*4}

A=13,000.00\left(1+0.014\right)^{}^{4}

A=13,000.00\left(1.014\right)^{}^{4}

A= BGN 13,743.43 Answer: A = BGN 13,743.43

Frequently asked questions (FAQs)

Math question: Find the absolute extrema of f(x) = x^3 - 6x^2 + 9x on the interval [-2, 4].

What is the value of f(x) if f(x) = c for all real numbers x?

Math question: What is the variance of the numbers 2, 4, 6, 8, and 10? Solution: The variance is 8.

New questions in Mathematics

Director of reservations believes that 9% of the ticketed passengers are no-shows. If the directors right what is the probability that the proportion of no-shows in a sample of 789 ticketed passengers with differ from the population proportion buy more than 3% round your answer to four decimal places.

Suppose the horses in a large stable, have a mean weight of a 807 pounds and a variance of 5776. What is the probability that the mean weight of the sample of horses with differ from the population mean by greater than 18 pounds is 41 horses are sampled at random from the stable round your answer to four decimal places.

The function g:Q→Q is a ring homomorphism such that g(3)=3 and g(5)=5. What are the values of g(8) and g(9)?

The beta of a company is 1.51 while its financial leverage is 27%. What is then its unlevered beta if the corporate tax rate is 40%? (4 decimal places)

What is the r.p.m. required to drill a 13/16" hole in mild steel if the cutting speed is 100 feet per minute?

Determine the minimum degree that an algebraic equation can assume knowing that it admits 2 as a double root and -i as a triple root

Subscribers to the FAME magazine revealed the following preferences for three categories: Fashion 30, Athletics 24 and Business 15. Following these frequencies of observation, compute the chi-square test statistic. At the 0.05 level of significance, would you conclude they are similar?

Determine the general equation of the straight line that passes through the point P (2;-3) and is parallel to the straight line with the equation 5x – 2y 1 = 0:

What’s the slope of a tangent line at x=1 for f(x)=x2. We can find the slopes of a sequence of secant lines that get closer and closer to the tangent line. What we are working towards is the process of finding a “limit” which is a foundational topic of calculus.

19) If the temperature of -8°C decreases by 12°C, how much will it be? a)-20°C -4°C c) 4°C d) 20°C

The simple average of 15 , 30 , 40 , and 45 is

The two sides of the triangle are 12 cm and 5 cm, and the angle between the sides is 60°. Cover the area of the triangle!

A cell phone company offers two calling plans. Plan A: $20 per month plus 5 cents for each minute, or Plan B: $30 per month plus 3 cents for each minute. [2] Write an equation to describe the monthly cost (a) C (in $) in terms of the time m (in minutes) of phone calls when Plan A is applied.

(X+2)(x+3)=4x+18

A natural gas company has a fixed rate of 1,320 pesos plus 1,590 pesos per cubic meter of gas consumed monthly per customer. Indicate the cost function to determine the value in pesos of the cubic meters of gas consumed in a month per customer. How much did a customer who consumed 18 cubic meters of gas pay? If a customer paid 34,710 pesos, how many cubic meters of gas did he consume?

Calculate the pH of a solution obtained by mixing 100ml of 0.2M HCl with 100ml of 0.1M NaOH

The average undergraduate cost per tuition, fees, room, and board for all institutions last year was $26,025. A random sample of 40 institutions of higher learning this year indicated that the mean tuition, fees, room, and board for the sample was $27,690, and the population standard deviation is $5492. At the 0.05 level of significance, is there sufficient evidence that the cost has increased? (Remember to follow the steps in hypothesis testing)

For the numbers below, select a number at random and find the probability that: a. The number is even b. The sum of the number’s digit is even c. The number is greater than 50 2 3 5 7 11 13 17 19 23 29 31 37 41 43 47 53 59 61 67 71 73 79 83 89 97

did an analysis of dropout from the nursing faculty at the Universidad Veracruzana. With a poblation of 122 students, it turned out that according to the gender data, the female sex predominates with 82%, and the male sex male is found with 12%. The main factors why students drop out are, first of all, "Not "re-enrolled" at 49%, second place "Personal reasons" at 20%, third place "change of school" in 11%, "lack of documents" and "economic reasons" in 7%, change of residence and lack of social service in 3%. Of this sample, how many students dropped out for other reasons?

Recall that with base- ten blocks, 1 long = 10 units, 1flat = 10 long, and a block = 1 unit. Then what number does 5 flat, 17long and 5 units represent represent ?

To find the increased amount on a standard term deposit with the following conditions: starting amount: BGN 13000, type of deposit: annual, annual compound interest rate: 1.4%, after 4 years;

Answer to a math question To find the increased amount on a standard term deposit with the following conditions: starting amount: BGN 13000, type of deposit: annual, annual compound interest rate: 1.4%, after 4 years;

You might be interested in