Aaron invested $570 in an account paying an interest rate of 7% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 8 years?

Answers

Answer 1

Answer:

The amount of money that would be in the account after 8 years is approximately $998

Step-by-step explanation:

The given parameters for the compound interest investment are;

The amount Aaron invested = $570

The interest rate of the investment = 7%

The mode of compounding of the interest = Continuously

The number of years the amount is invested = 8 years

For a compounded continuously interest rate, we have;

[tex]A = P \cdot e^{r \cdot t}[/tex]

Where;

A = The future value =The amount realized from the investment after the time of investment

P = The initial value = The principal amount invested

e = Euler's number = Mathematical constant

r = The interest rate = 7%

t = The time of investment = 8 years

Therefore, by substituting the known values, we have;

[tex]A = 570 \times e^{0.07 \times 8} \approx 997.883325[/tex]

The amount of money that would be in the account after 8 years to the nearest dollar = The future value of the investment = A ≈ 998

The amount of money that would be in the account after 8 years to the nearest dollar ≈ $998.


Related Questions

Sam bought a kite that he could do stunts with for $52. If he
paid $4.42 in sales tax, what was the sales tax rate?

Answers

Answer:

8.5%

Step-by-step explanation:

8.50% of 52= 4.42

In rectangle uvwx, xy = YW = 18.5 in. What is the area of rectangle uvwx
IM BEING TIMED PLEASE ANSWER THANKS

Answers

Answer:

The area of the rectangle is 420 square inches

Step-by-step explanation:

By adding the diagonals, we have a total of

18.5 * 2 = 37 inches

We can apply Pythagoras’ theorem to get the other side of the triangle

It states that the square of the hypotenuse equals the sum of the squares of the two other sides

Let the other side measure x inches

Thus;

37^2 = 12^2 + x^2

x^2 = 37^2 - 12^2

x^2 = 1225

x = √1225

x = 35 inches

So the area of the triangle would be;

35 * 12 = 420 square inches

Answer:

420

Step-by-step explanation:

In Jefferson Middle School, 5% of the sixth graders have red hair. If there are 100 sixth graders, how many have red hair?
5
20
50
95

help im am i n a test !!!!

Answers

Answer:

5

Step-by-step explanation:

Answer:

5

Step-by-step explanation:

[tex] \frac{5}{100} \times 100[/tex]

What is the value − 3 1/4 ∙ 2 1/3

Answers

Answer:

the value of this is-217÷4 = -54.25

Plz help 2 more questions left

Answers

Answer:

1st ? -> -6x

2nd ? -> 4x

3rd ? from left -> 4x

4th ? -> 24

5th ? -> 6

Show if 2 is a SOLUTION or NOT a SOLUTION to the equation 0.5(x + 0.8) = 1.4

Answers

Step-by-step answer:

0.5(x+0.8)=1.4

0.5x+0.4=1.4

0.5x+0.4-0.4=1.4-0.4

0.5x=1

0.5x/0.5=1/0.5

x=2

Plzzzzz give me Brainliest!!!!!  

what is 11^0 x 5x - 789

X=6

Answers

I think is -4729x I use symbolab

Answer:

-759

Step-by-step explanation:

Any number powered by 0 equals to 1, so the equation then becomes 1 × 5x - 789, but then x is 6, so it's 30 - 789, which is -759.

f(x) =-2 |x + 1|

how do I do this?

Answers

Answer:1

Step-by-step explanation: f(x)=-2 |x+1|

plug in the f(x) which is -2 into x to solve.

|-2+1|= |-1|= 1, it turns into positive 1.

Find the y-intercept of the graph

Answers

Answer:

The y intercept is zero

Step-by-step explanation:

What's up extras? I need help with this question!

If f(1) = 160 and f(n + 1) = –2f(n), what is f(4)?

Brainliest if you're correct!!

Answers

Ah! It's me! I lost my password-

I'm kAtSuKiBaKuGo02 qmp

Answer: f(4)=-1280

Step-by-step explanation:

A bridge spans a distance of 1012m. Large cables are attached to the tops of the towers, 45 m above the road. The road is suspended from the large cables by many smaller vertical cables. The smallest vertical cable measures about 1.5m. Determine a quadratic equation for the large cables.

Answers

Answer:

A quadratic equation for the large cables is [tex]f(x) = \dfrac{87 }{512072} \cdot x^2 + 1.5[/tex]

Step-by-step explanation:

The shape of the quadratic equation representing the large cables is a parabola

Taking the point of the smallest vertical cables as the vertex, (h, k) with coordinates, (0, 1.5), we have;

h = -b/(2·a)

∴ 0 = -b/(2·a), from which we have, b = 2·a × 0 = 0

k = 1.5 = c - (b²/(4·a) = c - (0/(4·a)) = c

∴ c = 1.5

The standard form of the quadratic equation, a·(x - h)² + k is therefore, given as follows;

f(x) = a·(x - 0)² + 1.5 = a·x² + 1.5

At the towers which are on either side of the bridge, when x = 1012/2 = 506, f(x) = y = 45

Therefore, we have;

45 = a·506² + 1.5

a = (45 - 1.5)/506² = 87/512072 ≈ 1.699 × 10⁻⁴

The quadratic equation for the large cables, f(x), can therefore be presented as follows;

[tex]f(x) = \dfrac{87 }{512072} \cdot x^2 + 1.5[/tex]

Can u pls help me with this question

Answers



You have to solve for the amount of readers.
=500 readers.

Write the equation of the line with the slope =5 and that goes through point (3,-5)

Answers

Answer:

[tex]y=5x-20[/tex]

Step-by-step explanation:

Point-slope form.

[tex]\frac{y-(-5)}{x-3} = 5\\y+5 = 5x-15\\y=5x-20[/tex]

Which statements are true regarding triangle LMN? Check all that apply.

Answers

Answer:A,C,E

Step-by-step explanation:I took the quiz

Answer:

its right ACE

Step-by-step explanation:

The sum of two numbers is 57 and the difference is 23 what are the numbers?

Answers

34 is the answer


!!!!

Answer:

40 and 17

Step-by-step explanation:

40 + 17 = 57

40 - 17 = 23

Not much of an explanation but hope it helps!

what is the area of the real object that the scale drawing models?

a. 300 square cm
b. 12 square cm
c. 60 square cm
d. 25 square cm​

Answers

Answer:

60 square cm

answer c

Step-by-step explanation:

hsjsbsjsbjzbzjsbjzbshzi

Answer:

A 300 square cm

Step-by-step explanation:

When you buy multiple stocks, you have to multiply your gains and losses by how many stocks you own. For example, if you own two stocks of Netflix, and the stock increases in value by $10, you have gained $20 (To calculate this you do $10 x 2).

Suppose you own 5 stocks of Netflix. If the value of Netflix stock increases by $30 after you buy it... how much money have you made?

Answers

i would say it’s 150
(30 x 5)

The angle of elevation of the top of a flagpole from a point on the ground 30 meters
from the base of the flagpole is 18 degrees. What is the height of the flagpole, to the
nearest meter?

I need help

Answers

Answer:

[tex]10\:\mathrm{meters}[/tex]

Step-by-step explanation:

We can use trigonometry for a right triangle to solve this problem:

[tex]\tan 18^{\circ}=\frac{h}{30},\\h=30\cdot\tan 18^{\circ},\\h\approx \fbox{$10\:\mathrm{m}$}[/tex].

The height of the flagpole is 10 meters.

What is angle of elevation?

"It is the angle from the horizontal upward to an object."

For given question,

Consider the following figure.

The angle of elevation is 18°

⇒ ∠ACB = 18°

Also, BC = 30 meters

We need to find the height of the flagpole i.e., we need to find the distance AB.

Consider a tan(∠ACB )

[tex]\Rightarrow tan(18^{\circ})=\frac{AB}{BC}\\\\ \Rightarrow 0.3249 = \frac{AB}{30}\\\\ \Rightarrow AB=9.747 ~~meters\\\\\Rightarrow AB\approx 10~~meters[/tex]

Therefore, the height of the flagpole is 10 meters.

Learn more about angle of elevation here:

https://brainly.com/question/21137209

#SPJ3

solve the proportion
4/5 = x/15

Answers

Answer:

x = 12

Step-by-step explanation:

Solve for x by simplifying both sides of the equation, then isolating the variable.

Answer:

hmmm it got deleted

x=12

Step-by-step explanation:

because 4/5 times 15 is 12

also, 5x=60

x=12

For trapezoid JKLM A and B are midpoints of the legs. Find AB.
19
B
M
L
27
C.
23
a
h
35
46

Answers

I think that the answer is c

Which algebraic expression represents this mathematical statement? 32 more than a number

A. m
B. s
C. d
D. x

Answers

A.m which is an algebraic expression represents the mathematical statement 32 more than a number

HERE IS THE TEXT THERE IS MORE THO

Answers

Answer:

What exactly is this for?

Helllp,??????????????

Answers

If the first question mark is 3 then the next is 13 than the next still 13 and the right one 26 and then lastly x is equally to 2
Or
3x+9+10x=33
13x+9=33
13x=26
X=2

Yoo 9th grade math please help me out My grade is slowly slipping

Answers

Answer: I'm pretty sure it would be no

Step-by-step explanation:

Answer:

No

Step-by-step explanation:

y_<_2x

4_<_2(3)

4_<_6

true

y > x + 4

4 > 3 + 4

4 > 7

false

5. Show 3 different ways on how you can multiply two polynomials to get 30x^3.
For example: 5x^2 - 6x = 30x^3​

Answers

10x(3x^2)
15x^2(2x)
5x(6x^2)

I need help with this ASAP and can you explain so i can understand?!

Answers

Answer: 225 adult tickets, 375 student tickets

Step-by-step explanation:

a = adult tickets

s = student tickets

a + s = 600 (the adult and student ticket added together should equal 600)

6.00a + 4.50s = 3,037.50 ($6 multiply by the adult ticket plus $4.50 multiply by the student ticket should equal to 3,037.50)

a = -s + 600 (get one of the variable by itself by subtracting it from one side)

6 (-s + 600) + 4.5s = 3,037.5 (substitute the a for -s + 600)

-6s + 3600 + 4.5s = 3,037.5 (combine like terms)

-1.5s + 3600 = 3,037.5 (subtract 3600 from each side)

-1.5s = - 562.5 (divide -1.5 from each side)

s = 375

600 = 375 + a (substitute s for 375)

a = 225

Omar has a new credit card. He earned 300 reward points for every 100 dollars he spends. If Omar earned 1800 reward points, how much money did he spend?

Answers

$600
1800 divided by 300= 6
Just out 2 zeros behind the 6 and u have 600

Sari opened a savings account with $150.00. The account earns interest at a rate of 6% compounded annually.
The table below shows her account balance at the end of each of the first three years.
If Sari makes no additional deposits or withdrawals, which of the following will be closest to her account balance at the end of year 6?
$184.65
$189.37
$200.73
$212.77

Answers

Step-by-step explanation:

A = P(1 + r)^t

= $150.00 * (1 + 0.06)^6

= $212.77.

Hence Sari will have $212.77 at the end of year 6.

Please help me!
Will mark brailest if you are right!!!

Answers

Answer:

f(x) = 3x

Step-by-step explanation:

The equation of a line passing through the origin is

y = mx ( m is the slope )

Calculate m using the slope formula

m = [tex]\frac{y_{2}-y_{1} }{x_{2}-x_{1} }[/tex]

with (x₁, y₁ ) = (0, 0) and (x₂, y₂ ) = (1, 3)

m = [tex]\frac{3-0}{1-0}[/tex] = 3 , then

y = 3x ← is the equation of the graphed line

Can someone help me out?

Answers

Answer:

do I solve it or what am I supposed to do

Answer:

y=6

Step-by-step explanation:

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