Your bank pays 4% annual interest compounded quarterly on January 1, April 1, July 1, and October 1. You deposited $840 on April 1 and made no other deposits or withdrawals. Find your savings account balance on January 1 of the next year. and
Your bank pays 4% annual interest compounded quarterly on January 1, April 1, July 1, and October 1. You deposited $840 on April 1 and made no other deposits or withdrawals. How much interest did you earn for these nine months?

The interest earned in 9 months is $25.45284

Step-by-step explanation:

The interest rate given by the bank = 4%

The rate at which the interest is applied = Quarterly

The amount of money deposited = $840

The formula for compound interest is given as follows;

Where;

P = The principal = $840

r = The rate = 4% = 0.04

n = The number of times the interest is compounded per period  = quarterly = 4

t = The time duration in period = 9 months = 3/4 × 1 year

Substituting the values gives the Compound interest C.I. as follows;

The interest earned in 9 months = $25.45284.

hello,

b) 62.47% of the students are between 14 and 18 years old.

step-by-step explanation:

mean = 15 and standard deviation = 2

student between 14 to 18

formula used z-score

for age 14 , z score

using z-table , p(z> -0.5)=0.3085

for age 18 , z score

using z-table , p(z< 1.5)=0.9332

p(-0.5< z< 1.5)=0.9332-0.3085 = 0.6247

thus, 62.47% of the students are between 14 and 18 years old.

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step-by-step explanation:

48 / 6 = x

in this case, x will equal the amount of money in each card!

x therefore will be 8.

trent had $8 in each birthday card.