A total of $10,000 is invested at an annual interest rate of 3%. Find the balance after 5
years if the interest is compounded a) quarterly and b) continuously.

Answers

Answer 1

Answer:

Step-by-step explanation:

We will need 2 different equations for this problem. For compounding a certain number of times a year, the formula is

[tex]A(t)=P(1+\frac{r}{n})^{nt}[/tex] so let's do that first. Filling in we get

[tex]A(t)=10000(1+\frac{.03}{4})^{(4)(5)[/tex] and simplifying a bit gives us

[tex]A(t)=10000(1+.0075)^{20}[/tex] and a bit more,

[tex]A(t)=10000(1.0075)^{20}[/tex] and then

A(t) = 10000(1.161184142) so

A(t) = 11611.84

Then for the compounding continuously, the formula is

[tex]A(t)=Pe^{rt[/tex]

[tex]A(t)=10000e^{(.03)(5)}[/tex] and simplify a bit to\

[tex]A(t)=10000e^{.15}[/tex] Now raise e to the power of .15 on your calculator to get

A(t) = 10000(1.161834243) so

A(t) = 11618.34

Not too much of a difference between the 2 values at the end.


Related Questions

Questions:
a. How much will Mr. Santos has saved after 2 weeks? After 3
weeks? 4 weeks? After 5 weeks? After 6 weeks? After 7 weeks?
Summarize your answer using the table below.
5
7
Week
1
2
3 4
6
No.
Savings 300 300 + 100
= 400
b. Describe the pattern you used to fill in the table.
II​

Answers

122222222222222222222222222222222222

Which ordered pair could be removed to
make the set a function?
{(1,3), (2,4), (3,4), (3,6), (5, 10), (6,3)}
A. (1,3)
B. (6,3)
C. (5, 10)
D. (3,4)

Answers

Answer:

The answer is choices D.

Step-by-step explanation:

hope this helps

D. (3,4)
Because as you can see the rest of them are half of the number like 2 is half of 4 but 3 can’t do into 4 with out there being some left over

what is the maximum number of cubes with side lengths of 1/2 cm that can fit into a right rectangular prism with base dimensions of 12 1/2 cm by 8 1/2cm and a height of 9 1/2cm?

Answers

Answer:

8075.

Step-by-step explanation:

Volume of the prism

= 12 1/2 * 8 1/2 * 9  1/2

= 25/2 * 17 / 2 * 19/2

= 8075/8 cm^3

The volume of the small cubes = (1/2)^3 = 1/8 cm^3

So the number required = 8075 / 8   /  1/8

= 8075*8 / 8

= 8075.

Three students are arguing over who can run the fastest. Student A says that she can run 2/3 mile in six minutes. Student B says that he can run 1/2 mile in four minutes. Student C says that he can run 4/5 mile in eight minutes. Type your answer as a number. Fractions should be expressed in lowest terms. What fraction of a mile can Student B run in one minute?

Answers

Answer:

student A- can run 2/3 mile in six minutes

1/9 mile/min

student B- can run 1/2 mile in 4 minutes

Speed=1/8 mile/min

student C- can run 4/5 mile in 8 minutes

speed=1/10 mile/min

Step-by-step explanation:

the averages of the squared differences between the data values and the mean is known as​

Answers

Variance is the answer.

Explanation:

The variance is the average of the squared differences from the mean. To figure out the variance, first calculate the difference between each point and the mean; then, square and average the results.

Order of Operations with and without variables

Answers

Answer:

Step-by-step explanation

8(-1)^4-3(-1)-7= ?

multiply 8 * -1= -8

so -8^4= 4096 that part is done.

now do -3 * -1 and get 3 because two neg. = posit.

so now the question should say

4096+3-7=?

4096+3= 4099-7= 4092

x=4092 i think unless that isnt what you are doing im srry if this is incorrect i tryed and i hope this is correct...again im srry if this is incorrect

Answer:

4

Step-by-step explanation:

8(-1)^4=8

-3(-1)=3

8+3-7=4

PLEASE HELP STAT WILL MARK BRAINLIEST.
There are 78 skiers in line to ride the chair lift. If each chair seats 4 people, how many skiers will be on the last chair? [REMAINDER]

Answers

Answer:

19 r2

Step-by-step explanation:

okay so if you have 19.5 and there are 4 people per chair lift. You have to find half of 4 because .5 equals one half in this situation.

4 divided by 2 equals 2 so your remainder is 2

i just dropped my moms vase and it shatterd.

Answers

Answer:

tell your grandma your sorry

Step-by-step explanation:

Answer:

Blame it on your dog :)

Step-by-step explanation:

The table below shows the probability distribution of students in a high school with 1500 students. What is the expected value for the age of a randomly chosen student?

Age
13, 14, 15, 16, 18
Probability
0.01, 0.28, 0.30, 0.25,0.15,0.01

A. 15.28
B. 15.64
C. 15.34
D. 15.36

Answers

Answer: 15.28

Step-by-step explanation:

The expected value for the age of a randomly chosen student is,

⇒ 15.28

Given that:

Total number of students,

⇒ n = 1500,

And, Age : 13, 14, 15, 16, 17, 18

Probability : 0.01, 0.25, 0.27, 0.30, 0.16, 0.01

Now,

We can Calculate the expected value as shown below,

E = 13 × 0.01 + 14 × 0.25 + 15 × 0.27 + 16 × 0.30 + 17 × 0.16 + 18 × 0.01

E = 0.13 + 3.5 + 4.05 + 4.8 + 2. 72 + 0.18

E = 15.38

Therefore, The expected value for the age of a randomly chosen student is 15.38.

To know more about probability:

brainly.com/question/743546

#SPJ7

Line segment pq shown on the graph below, is rotated 90 counterclockwise about point q to form pq

Answers

Answer:

this isn’t a 100% guaranteed correct answer but maybe the second option saying “PQ and P’G’ are parallel”

(i’m doing the test rn)

Answer: PQ and P’Q’ are perpendicular (3rd option)

Step-by-step explanation: they’re both perpendicular

what is 5,300 rounded to the nearest thousand​

Answers

Answer:

5,000

Step-by-step explanation:

Interest on $5,255 at 12 percent for 30 days (use 360 days) is:​

Answers

Answer:

$52.55

Step-by-step explanation:

I=(5255×12×30/360)/100

I=(5255×12×1/12)/100

I=5255/100=52.55

Y=-1/4x +9 what is the slope and y - intercept

Answers

Well your slope is -1/4 and your y-intercept is 9

Answer:

The slope is -1/4 and the y intercept is at (0, 9)

Step-by-step explanation:

In the equation y = mx + b, m is the slope and b is the y intercept.

Since -1/4 is the coefficient to x in the equation, the slope is -1/4.

Since there is a +9 at the end of the equation, the y intercept is (0, 9).

So, the slope is -1/4 and the y intercept is at (0, 9)

Determine whether the triangles are congruent using sas sas asa aas HL

Answers

Answer:

They are congruent bc they are the same size and shape

Answer:

Congruent by SAS

Step-by-step explanation:

As given by the diagram, we have two congruent sides already. From the set of parallel lines, we see that two angles are congruent because they are corresponding. Luckily, this angle falls between the two congruent sides, which gives you the proof of SAS.

Only need a answer for problem a

Answers

The answer is 120. Find the supplementary angles by subtracting 60 from 180.

180-60=120

A linear pair : two angle that make up to 180 degrees

X = 120 degrees

The linear pair is angle B and angle C.

At the beginning of the semester, a professor tells students that if they study for the tests, then there is a 55% chance they will get a B or higher on the tests. If they do not study, there is a 20% chance that they will get a B or higher on the tests. The professor knows from prior surveys that 60% of students study for the tests. What is the probability that a randomly selected student studies for a test and gets a B or higher?

0.08
0.11
0.33
0.55

Answers

Answer:

.33

Step-by-step explanation:

the width of a rectangle is 3/4 length. The perimeter is 252 cm. What is the width of the rectangle?

Answers

“The answer is C. Divide 252/2 to get one width plus one length. Then, divide by seven parts, 3 for the width and 4 for the length. It is 18. Multiply for 3 because of 3/4 and you get 54.“

What is the area of a square with side a = 3m?

Answers

Answer:

12

Step-by-step explanation:

Answer:

9 Square Meters

Step-by-step explanation:

3x3=9

A local restaurant only sells burgers and cokes. 3 burgers and 5 comes cost $17, while 6 burgers and 9 cokes cost $33. What’s the price of a burger?

Answers

Answer:

The price of a burger is $4 and that of cone is $1.

Step-by-step explanation:

Let the cost of burger is x and that of cone is y.

ATQ,

3x+5y = 17 ....(1)

And

6x + 9y = 33 ...(2)

Multiply equation (1) by 2.

6x + 10 y = 34 ...(3)

Subtract equation (2) from (3)

6x + 10 y-(6x + 9y) = 34 - 33

6x + 10 y-6x- 9y = 1

y = 1

Put the value of y in equation (1)

3x+5 = 17

3x = 12

x = 4

So, the price of a burger is $4 and that of the cone is $1.

Write the equation of the line that has a slope of 8 and passes through the point (9, -1).

Answers

Answer:

Y=8x-9

Step-by-step explanation:

help as fast as you can!!!!!! Any living thing is called an organism,no matter if it is one-celled or many-celled. True or False?.

Answers

Answer:

true

Step-by-step explanation:

Answer:

TRUE.

Step-by-step explanation:

if the probability of picking a pink jelly bean out of a bag is 4/15, what is the probability of not picking a pink jelly bean

Answers

Answer:

The probability of not picking a pink jelly bean: 11/15    

Step-by-step explanation:

As we know that the maximum value of the probability of an event would always be 1.

The reason is that '1' is certain that something would happen.

Given that the probability of picking a pink jelly bean out of a bag is 4/15.

Thus, the probability of not picking a pink jelly bean can be calculated by subtracting 4/15 from the maximum probability '1'.

i.e.

Probability of not picking a pink jelly bean = max probability - 4/15

                                                                       = 1 - 4/15

                                                                      = 11/15

Therefore, the probability of not picking a pink jelly bean: 11/15                                                                    

Solve each equation. Check your solution.
a - 5 = -12

Answers

Answer:

A = -7

Step-by-step explanation:

Isolate the variable by adding 5 to each side. This becomes A = -7. To check your work plug -7 in for A.

-7 - 5 = -12

   -12 = -12

This is true so -7 is the correct answer.

plz help asap i will do brainliest!!! A car takes 4 hours to reach a destination travelling at the speed of 63 km/h. How long will it take to cover the same distance if the car travells at the speed of 56 km/h? Do these quantities (time and speed) vary directly or inversely? Find the constant of variation.

Answers

Answer:

A car takes 4 hours to reach a destination travelling at the speed of 63 km/h.

Speed = distance / time

Distance = speed × time

Distance it took the car, travelling for 4 hours to a destination at a speed of 63 kilometers per hour would be

4 × 63 = 252 kilometers.

if the car travels at a different speed of 56 kilometers per hour and the distance remains 252 kilometers, the time it takes will be

Time = distance / speed

= 252/56 = 4.5 hours

The time varies inversely with the speed. The more the speed, the lesser the time and the lesser the speed, the more the time.

Let speed = s and let time = t

s varies inversely with t

Introducing constant of inverse variation k, it becomes

s = k/t

When s = 56, t = 4.5

56 = k/4.5

k = 4.5 × 56 =252

This is the distance

Step-by-step explanation:

Write the equation of the linear relationship in slope-intercept form using decimals as needed

Answers

Answer:

25/82

Step-by-step explanation:

what can graphs involving constant rate be used for

Answers

the constant will always move in a straight path and will be at a constant rate.

Help me please *an image is attached*

Answers

Answer:

the height it is at is 95 meters

the answer is y=mx+b so plug in 37 and 12

If the human brain operates at one billion billion calculations per second, why does a computer do maths faster than a person?
Don't answer, take the points.

Answers

Answer:

thanks bro

Step-by-step explanation:

Step-by-step explanation:

ggggggddfhhhjhhhjjjkkklllll

The cost of 4 belts and 5 ties is $247. Each time costs 3 times as much as a belt. What us the total cost of 1 belt and 1 tie

Answers

Answer:

The total cost of 1 belt and 1 tie is $13 and $39 respectively.

Step-by-step explanation:

Given that,

The cost of 4 belts and 5 ties is $247.

Each tie costs 3 times as much as a belt.

Let the cost of a belt is x and that of a tie is y.

ATQ,

4x + 5y = 247 ...(1)

y = 3x ....(2)

Put the value of y from equation (2) in equation (1)

4x + 5(3x) = 247

4x + 15x = 247

19x = 247

x = 13

Put the value in equation (2)

y = 3x

= 3(13)

= 39

So, the total cost of 1 belt and 1 tie is $13 and $39 respectively.

HELP!!! The probability that a male’s foot is between 10 and 12.5 inches is__
p(10

Answers

Answer:

I suggest you use Socratic, it solves questions like this.

Step-by-step explanation:

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