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.

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step-by-step explanation:

1. sometimes

2.   never

3   .08c = 7.50+.05c   250 pages

step-by-step explanation:

1.   sometimes

the theoretical probability of rolling a 1 is 1/6.   perhaps you got really lucky and never rolled a 1   in those 60 times.   your experimental probability is 0.   or perhaps you rolled a 1   20 times.   your experimental probability is 20/60 is 1/3.     it really just depends on how you rolled in that experiment.

2.   never

the probability of the event occurring is 1.   that is being 100 % sure it will happen.   that is the maximum amount of confidence we have.

3.   no customer card cost:   .08 times number of pages

customer card cost:   7.50 + .05 times number of pages

we want to find when it costs the same amount, so we will set these equal

let c = number of pages

.08c = 7.50+.05c

subtract .05c from each side

.08c-.05c = 7.5+.05c-.05c

.03c=7.5

divide each side by .03

.03c/.03 = 7.5/03

c =250  

the cost is the same at 250 pages