Your grandparents send you a check for $150 for your birthday. You deposit the check into your savings account which has a balance of $1,255. How much money will you expect to have in your account in one year if the interest rate is 2.5% and you don’t take any money out?

You can expect to have $1,442.76 in your savings account after one year if you don't take any money out and the interest rate is 2.5%.

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 = a number of times compounded in a year.

We have,

If you deposit the $150 birthday check into your savings account, your initial balance becomes:

$1,255 + $150 = $1,405

If the interest rate on the savings account is 2.5%, this means that the account earns interest at a rate of 2.5% per year.

To calculate how much money you will have in the account after one year, we can use the following formula:

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

where:

A is the amount of money in the account after one year

P is the initial balance ($1,405)

r is the interest rate (2.5% or 0.025 as a decimal)

n is the number of times the interest is compounded in a year (assuming the interest is compounded annually, n = 1)

t is the time in years (1 year)

Substituting these values into the formula, we get:

A = $1,405(1 + 0.025/1)^(1*1)

A = $1,442.76

Therefore,

You can expect to have $1,442.76 in your savings account after one year if you don't take any money out and the interest rate is 2.5%.

Learn more about compound interest here:

https://brainly.com/question/13155407

#SPJ3

Someone help me with this ASAP!

Can someone answer this? I'm really confused

Orlando buys a shirt for $15 and a pair of jeans for $32.50.If the sales tax is 8%,what is the total price Orlando pays for the items.
F. $47.88
G. $43.70
H.$51.30
J.$85.50

if you have 1200 cents from selling lemonade then how many $'s do you have?

What is the slope and y-intercept for the following equation 5y-2x=15

Use Morgan's strategy of working backwards to find the original number.

The table below has been started for you.

Plz help me someone
I need to know how you got that answer too plz and thank you!!

Please answer soon! Thanks beforehand!
Ohm's law states that V=IR for a simple circuit, where V is the total voltage, I is the amount of current running through the resistor and R is the resistance of the resistor. If I=40 amperes when R=3 ohms, find the amount of current (in amperes) when the resistor has a resistance of 20 ohms. Assume voltage remains constant.

When you answer this please show your work I

Jennifer thinks the angles below are not supplementary because they are a pair of non-adjacent angles. Is Jennifer correct? Explain in a minimum of 2-3 sentences using lesson vocabulary

I will give brainliest

anybody, please help me I don't understand this at all how do we find hypotenuse adjacent and the opposite side with only one angle the angle I have is 20 degrees but I don't know anything I don't understand it

I give 23 points!!


The distance between two towns is 120 kilometers. There are approximately 8 kilometers in 5 miles. Which measurement is closest to the number of miles between these two towns?

Please explain well bc I have a test over proportion tomorrow.

Here are the options:

Thanks!

Change the mixed number 14 2/3 to an improper fraction.

Which number line correctly represents the irrational numbers listed below?



-\sqrt{6}−
6
​
\sqrt{2}
2
​
-\sqrt{79}−
79
​
-\sqrt{32}−
32
​
\sqrt{57}
57
​ plzz helpp ill give brainlyest

can someone please explain how to answer this quickly

What is the length of the hypotenuse of the triangle?

Mr. Hernandez opened a flower shop. He took a random survey by asking every 5th customer to find out their favorite flower. Who is the sample?

all the customers
every 5th customer
all the flowers
all the people in the town

Brandon has an action figure collection. He keeps 178 of the action figures on his wall, which is 89% of his entire collection. What is the total number of action figures in Brandon's collection?

May someone help I will give brainliest and the math is slope

You move up 1 unit and down 9 units. You end at (0, -5). Where did you start?

welcome to baldys basics answer below :P

(1.) 2 x 7 =

(2.) 4 x 4 =

(3.) dnfibxni&*%(#&JGFTVYU

easy right? now answer >:D
if you get it wrong you have to......... eh... punish yourself :/

Find the value of x that makes the equation true.
2x + 3 = 20

A. x= 17/2
B. x= 5
C. x= 10
D. x= 2/17

i need help with these

You have a coupon for 10% off the sale price of a surfboard. Which is the better buy? Explain your reasoning.


● 40% off the regular price
● 30% off the regular price and then 10% off the sale price
40% of $150 = ___, so the sale price is ___
30% of $150 = ___, so the sale price is ___
10% of that sale price is ___,so after using the coupon, the sale price is ___

HELPP Me With this question

what is 85 x 98 ? woooooooooooooo

Which of the following choices best describes the expression 2/3(3/4x − 3/2)
Question 2 options:

equivalent to 12x − 1

equivalent to x − 12

not equivalent to 12x − 1 or x − 12

What improper fraction is the same as 12 3/4?
A) 51/4
B) 12/4
C) 123/4
D) 48/4

i need help please ??