Example 4 A certificate of deposit (CD) is a savings instrument that many banks offer. It usually gives a higher interest rate, but you cannot access your investment for a specified length of time. Suppose you deposit $3000 in a CD paying 6% interest, compounded monthly. How much will you have in the account after 20 years?

Q: A cup of coffee is taken out of a room and taken to the backyard where the ambient temperature is…

A:

Q: David had $40. He spent 1/5 of the money on a storybook and 3/10 on a calculator. How much did he…

A:

Q: If you are buying apples and it says they cost $16 for 6 pounds but you only want to buy 1 pound how…

A: For 6 pounds apple cost $16, we want to but only 1 pound.

Q: Zoe is buying turkey from the deli. Turkey costs $3.40 per pound. If she buys 2.5 pounds of turkey,…

A:

Q: A pair of shoes is on sale for $29. If the sales tax rate is 7.9%, what is the amount of sales tax?…

A: According to the given information in this question We need to find the amount of sales tax and…

Q: John had a sum of money. He spent $132 on a computer software and 3/4 of his remaining money on 5…

A: John had a sum of money. He spent $132 on a computer software and 3/4 of his remaining money on 5…

Q: A boy spent $215 for a box lunch and had $85 left. How much did he have at first?

A: An equation can either be an identity, a conditional equation or a contradiction depending upon the…

Q: John has $121 in the bank but wrote a check for $59 and another check for $86. What is his current…

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Q: Mr.lyn works 35 hour week for a total earning $5600.how much does he earn  per hour

A: He earn per hour is $ 5600/35=$160

Q: Amy decided to make 5 dozen cookies for the Just Because Festival at her school. The recipe called…

A: According to given question 1 cup of flour used for 13 cup of chips hence  523=173 cup of flour used…

Q: canada is advertising gas for .94 cents a liter. you have 20 dollars in u.s. money. how many gallons…

A: Given, canada is advertising gas for .94 cents a liter. you have 20 dollars in u.s. money.

Q: Your favorite soft drink is on sale at three packages for $9.00. Will you get more for your money if…

A: We have given that soft drink is on sale at three packages for $9.00. To find: Will you get more for…

Q: You worked 15 hours last week.  One job as a clerk paid $8.25 per hour and the other job giving…

A: Given: You worked 15 hours last week.  One job as a clerk paid $8.25 per hour and the other job…

Q: The grocery store charges $6.85 for 5 bags of potatoes. If someone bought 7 bags of potatoes how…

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Q: The iMac store buys iPods for $85 and sells them for $200.  What is the markup?

A: markup=sales price -unit costunit cost

Q: Cheryl spent 2/5 of her money on a party outfit. Her grandma gave her $25 as a birthday gift. She…

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Q: if i paid 10 dollars for 6 avocados what would be the price for 3 avocados

A: We have to find price of 3 avocados

Q: The bookstore marked some notepads down from $2.00 but still kept the price over $1.00. It sold all…

A: An Integer is any number in the set ···,-3,-2,-1,0,1,2,3,···. Integers comprise natural numbers 1,…

Q: Hai takes 12 minutes to walk to school. He wants to get there 15 minutes early to meet with his lab…

A: At what time should Hai leave his house if school starts at 8:10 a.m, given that he takes 12 minutes…

Q: The dinner bill is $62.  I have $29.42 and my friend has $2.00.  How much more is needed?

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Q: Last year, Lien earned $1,200 more than her husband. Together they earned $41,600. How much did each…

A: topic- linear equations

Q: Chris wanted to take a taxi from the library to the mall. The taxi driver said there was a $2.00 fee…

A: We have to find the taxi ride cost from library to mall.

Q: Walmart offers 1000 minutes of calling for $20 for one month. What would be the cost per minute?

A: Introduction:In one month, for the payment of $20, a total of 1,000 minutes of calling facility is…

Q: In order to encourage his son in the study of algebra, a father promised the son Php12 for every…

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Q: The dinner bill is $72.  I have $21.57 and my friend has $36.42.  How much more is needed?

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Q: Read and analyze each of the following problems by providing the need information as indicated…

A: Introduction: Addition and subtraction are arithmetic operations used in mathematics to calculate…

Q: Samantha bought 0.72 pounds of cherries and James bought 0.49 pounds of cherries.How many more…

A:

Counting Principles

In statistics, the counting principle can be said to be the concept in which the quantity of an item is determined. There can be a single item, or a group of items, or items that are related to each other. In every possible set of items, the quantity of the possible item groups or their sorting measures can be determined with counting principles.