Aiden invested $43,000 in an account paying an interest rate of 9 1/4 % compounded monthly. Hailey invested $43,000 in an account paying an interest rate of 8 7/8% compounded continuously. To the nearest dollar, how much money would Aiden have in his account when Hailey's money has doubled in value?

Answers

Answer 1

first off let's change the mixed fractions to improper fractions, and let's Hailey's account first.

[tex]\stackrel{mixed}{9\frac{1}{4}}\implies \cfrac{9\cdot 4+1}{4}\implies \stackrel{improper}{\cfrac{37}{4}} ~\hfill \stackrel{mixed}{8\frac{7}{8}}\implies \cfrac{8\cdot 8+7}{8}\implies \stackrel{improper}{\cfrac{71}{8}} \\\\[-0.35em] ~\dotfill[/tex]

[tex]~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\dotfill &\stackrel{43000(2)}{\$86000}\\ P=\textit{original amount deposited}\dotfill & \$43000\\ r=rate\to \frac{71}{8}\%\to \frac{~~ \frac{71}{8}~~}{100}\dotfill &0.08875\\ t=years \end{cases} \\\\\\ 86000=43000e^{0.08875\cdot t}\implies \cfrac{86000}{43000}=e^{0.08875t}\implies 2=e^{0.08875t}[/tex]

[tex]\ln(2)=\ln(e^{0.08875t})\implies \log_e(2)=\log_e(e^{0.08875t})\implies \ln(2)=0.08875t \\\\\\ \cfrac{\ln(2)}{0.08875}=t\implies 7.81\approx t[/tex]

ok, now we know how long it takes for Hailey's money to double, how much money does Aiden have by then?

[tex]~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$43000\\ r=rate\to \frac{37}{4}\%\to \frac{~~ \frac{37}{4}~~}{100}\dotfill &0.0925\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{monthly, thus twelve} \end{array}\dotfill &12\\ t=years\dotfill &\frac{\ln(2)}{0.08875} \end{cases}[/tex]

[tex]A=43000\left(1+\frac{0.0925}{12}\right)^{12\cdot \frac{\ln(2)}{0.08875}}\implies A=43000\left( \frac{4837}{4800} \right)^{\frac{12\ln(2)}{0.08875}}\implies \boxed{A\approx 88311}[/tex]

notice, in Hailey's amount we used the logarithmic value for "t", just to avoid any rounding issues.


Related Questions

1/15 ÷ 8 what is the answer to this question

Answers

Hey there!


1/15 ÷ 8

= 1/15 ÷ 8/1

= 1/15 × 1/8

= 1 × 1 / 15 × 8

= 1 / 120


Therefore, your answer is: 1/120


Good luck on your assignment & enjoy your day!


~Amphirite1040:)

Which of the following shapes can be a cross section of a cylinder?

Answers

Answer:

Below

Step-by-step explanation:

The second ( Oval)   (The cross-section of a slanted plane through curved body of the cylinder)

The third (Circle).  ( The cross section of a plane parallel to the base)

The fifth (Rectangle) (The vertical  cross section of a plane through the diameters of the top and bottom of the cylinder.).

The shapes can be used are oval, circle and rectangle.

What is Geometry?

Geometric shapes are defined as figures closed by a boundary which is made by combining the definite amount of curves, points, and line segments. Each shape has a unique name such as circle, square, triangle, rectangle, etc. In real life, we are surrounded by various basic geometric shapes, like the slice of a pizza is in the shape of a triangle, doors or windows are in the shape of a rectangle, and many more.

Types of Geometric Shapes

In geometry, when an object or a shape is not connected with both ends, it is considered an open geometric shape. When an object or a shape is connected with both ends it is considered a closed geometric shape. There are two types of geometric shapes, classified as:

Two-dimensional: These are 2D shapes that have only the x-axis and y-axis. They are flat structures with 2 dimensions. For example, triangle, square, rectangle, etc.Three-dimensional: These are 3D shapes that have an x-axis, y-axis, and z-axis. The z-axis represents the height of the object. They are solid structures with 3 dimensions. For example, cube, cuboid, etc.

First, oval can be used as the cross-section of a slanted plane through curved body of the cylinder.

Then, circle (plane parallel to base)

Then, rectangle  the vertical cross section of a plane through diameters.

Learn more about geometry here:

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Use DeMoivre's Theorem to find the square roots of 4(cos90+ i sin 90). Show your work.

Answers

Answer:

Procedure 6.3. 1:Finding Roots of a Complex Number

Express both z and w in polar form z=reiθ,w=seiϕ. ...

Solve the following two equations: rn=s. ...

The solutions to rn=s are given by r=n√s.

The solutions to einθ=eiϕ are given by: nθ=ϕ+2πℓ,forℓ=0,1,2,⋯,n−1. ...

Using the solutions r,θ to the equations given in (6.3.

Step-by-step explanation:

Answer:-1.79229446 + 3.57598665 i

Step-by-step explanation:

I will honest this how much I can help you

The ratio of green cars to yellow cars in a car park is 89 : 61.

Rewrite this as an equivalent ratio of the form n :1.

Give any decimals in your answer to 2 d.p.

Answers

89:61 = 1.459016393442623:1

Hope this helps :)

There are 25 white tiles in a box. what percent of tiles what percent of tiles will ally use to tile her laundry room floor (6ft by 6ft)

Answers

Answer: 100%

Step-by-step explanation:

m/5 = 25

That is my question

Answers

Step-by-step explanation:

m / 5 = 25

m = 25 × 5

m = 125

.............

Answer:

125

Step-by-step explanation:

m/5 = 25

m = 25 x 5

m = 125

BRAINLIEST TO WHOEVER GETS IT RIGHT
Which of the following accurately shows the first step when solving the following system of equations by substitution?
f(x) = -4x^2 + 3x + 1
g(x) = -6x +5
a -4x^2+ 3x + 1 = -6x +5
b 4x^2 + 3x +1 - 6x + 5 = 0
c g(x)= -6(-4x^2 + 3x + 1) + 5
df() = -4(-6x + 5)^2 +3(-6x + 5) +1

Answers

Answer:

c and d

Step-by-step explanation:

because

- In f(x),evey time you find  X you write(-6x+5) instead

4x²-----------4(-6x+5)²

3x+1------------3(-6x+5) +1

-In g(x),evey time you find  X you write(-4x² +3x+1)  instead          

What are the solutions to the quadratic equation (x + 4)(3x - 5) = 0?

Answers

Answer:

x = 4x = 5/3

Step-by-step explanation:

Given :

⇒ (x + 4)(3x - 5) = 0

The solutions will make the answer 0.

Therefore,

x + 4 = 0 3x - 5 = 0

x = 4

⇒ 3x = 5 ⇒ x = 5/3

a water tank holds 256 gallons but is leaking at 3 gallons per week. A second water tank holds 384 gallons but is leaking at a rate of 5 gallons per week . After how many weeks will the amount of water in the two tanks be the same

Answers

the two tanks wi equal 64

x=64

Answer:

w = 64 weeks

Step-by-step explanation:

From the information, we have two equations that we will need to set equal to each other to find the number of weeks, w,  it takes for both tanks to hold the same amount:  

[tex]-3w+256=-5w+384\\(-3w+256=-5w+384)-256\\(-3w=-5w+128)+5w\\(2w=128) /2\\w=64[/tex]

I need help with Function Operations please

Answers

Answer:

  30

Step-by-step explanation:

The ring operator signifies a composition of functions. The composition is evaluated right-to-left. That means the composition ...

  [tex](f\circ g)(x)[/tex]

should be interpreted to mean ...

  [tex]f(g(x))[/tex]

___

To evaluate f(g(6)), we first evaluate g(6):

  g(6) = 6² -5 = 31

Then we evaluate the function f using that as its argument:

  f(31) = 31 -1 = 30

  f(g(x)) = 30

ACTIVITY 2: Apply Pythagorean Theorem to complete the data below and write your answers on your answer sheet. Refer to the given examples. (2 points each number) A 1. 8 15 b 2. 18 24 3. 24 40 a C B 4. 16 20 5. 4 9 a² + b2 or Formulas: If c is unknown: c2 = If a is unknown: a2 = Ifb is unknown: b2 = c² - b2 or c= Va2 + b 2 a= vc2-b2 b = c2 - a2 = a² C2 - a2 or​

Answers

To completely complete the data use the formula a2 + b2 = c2 in order to find the value of the missing side.

What is the pytagorean theorem?

This is a general formula that can be used to find out the lenght of one of the sides in a right-angle triangle by knowing the other sides.

The general formula is:

a^2 + b^2 = c^2side a = base of the triangleside b = altitudeside c= hipotenuse (diagonal line)

How to use the theorem?

Replace the known sides and find the third side. For example:

a^2 + b^2 = c^25^2+6^2 = c^215 + 36 = c^251 = c^2c = √51c = 7.14

Learn more about Pythagorean Theorem in: https://brainly.com/question/14504604

Natalie is playing a game using a fair coin. Contestants win the game if the fair coin lands tails up. The theoretical proabaility that the coin will lamd tails is ? If 250 contestants play the game, about of them are expected to win

Answers

The theoretical probability of landing on tails is P = 0.5, and out of the 250 contestants, around 125 will win the game.

About how many contestants will win?

The coin has two possible outcomes, so if it is a fair coin, the probability for each of the outcomes will be 0.5 (this is the theoretical probability for a fair coin, where all the outcomes have the same probability).

Now, we know that a person wins if the coin lands tails up, and the probability of landing on tails is 0.5

Then, for a sample N, we can expect that about 0.5*N of the participants win.

In this case, the sample is 250, then we can expect that:

0.5*250 = 125

Around 125 of the contestants win the game

If you want to learn more about probability, you can read:

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6 a =24
Help me please

Answers

A would equals 4 because you would isolate the variable by dividing both sides by 6
I hope that I helped

Can 5+10= be an expression even if the problem does not have an answer?

Answers

Answer:

yes, an expression is at least 2 terms
an equation requires two sides

Answer:

yes

Step-by-step explanation:

Which of the following is ALWAYS a property of a parallelogram

A. 4 congruent sides

B. opposite sides are parallel

C. 4 angles that measure 90 degrees

D. 4 equal angles

Answers

Answer:

B.  Opposite sides are parallel.

Step-by-step explanation:

This is the definition of a parallelogram.

The other 3 conditions may or may not be true.

Opposites sides are parallel is always a property of a parallelogram.

What is parallelogram?

" Parallelogram is defined as the two dimensional polygon whose opposite sides are always parallel and congruent to each other."

According to the question,

As per the properties of parallelogram we have,

Opposites sides are always parallel to each other.Opposite sides are always congruent to each other.Opposite angles are always congruent to each other.Adjacent angles are supplementary.Diagonals bisect each other.

Hence, Option (B) is the correct answer.

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Calculate the perimeter of the figure

Answers

The answer is 46 because when you add all the numbers up you get 46

Answer:

76

Step-by-step explanation:

4+4+4+4+4+4+8+8+18+18 = 76

1 20 points Which statement describes an example of causation? When the wather becomes warmer, more meat is purchased at the supermarket. More people go to the mall when students go back to school. The greater the number of new television shows, the lesser the number of moviegoers. After operating costs are paid to a toy shop, as more toys are sold, more money is made.​

Answers

Answer:

after operating costs are paid to a toy shop, as more toys are sold, more money is made

A wire that is 22 feet long connects the top of a pole to the ground. The wire is attached to the ground at a point that is 10 feet from the base of the pole.
A right triangle with side length 10 feet, hypotenuse of 22 feet, and side of h.

What is the height of the pole? Round to the nearest hundredth.
12.00 feet
19.60 feet
24.17 feet
38.40 feet

Answers

Concept Used :-

In this question, we can clearly observer that the diagram shows a right angled triangle. And, we have been provided with the value of base, and the value of hypotenuse, using the pythagoras theorem, now we can easily find out the value of the perpendicular i.e. the value of the side h. According to the pythagoras theorem, square of hypotenuse is equal to the sum of square of perpendicular and square of side respectively. Therefore, square of side is equal to the difference of square of hypotenuse and square of perpendicular.

Given Information :-

Hypotenuse = 22 ft. Base = 10 ft.

To Find :-

The value of side or the perpendicular

Formula Used :-

[tex] \star \: \underline{ \boxed{ \purple { \sf {Side}^{2} = {Hypotenuse}^{2} - {Base}^{2} }}} \: \star [/tex]

Solution :-

[tex]\sf \longrightarrow {Side}^{2} = {(22 \: ft)}^{2} - {(10 \: ft)}^{2} \: \: \: \\ \\ \\ \sf \longrightarrow {Side}^{2} = {484 \: ft}^{2} - {100 \: ft}^{2} \: \: \: \: \: \: \\ \\ \\ \sf \longrightarrow {Side}^{2} = {384 \: ft}^{2} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \\ \\ \sf \longrightarrow {Side}^{} = \sqrt{ {384 \: ft}^{2} } \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \\ \\ \sf \longrightarrow {Side}^{} = \underline{ \boxed{ \frak{ \green{19.60 \: ft}}}} \: \star \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \\ [/tex]

Thus, option B. 19.60 ft. is the correct option.

[tex]\underline{\rule{230pt}{2pt}} \\ \\ [/tex]

Answer:

Answer is B

Step-by-step explanation:

Which expressions are equivalent to In e?

Answers

Answer:

lne = log(e)e = 1

Step-by-step explanation:

I hope this helps!

WHAT S THE LENGTH
OF THE MISSING SIDE?
3

Answers

Answer:

4

Step-by-step explanation:

using Pythagorean theorem

a^2+b^2=c^2

you have C so you can flip it around

c^2-b^2 will give you a^2

Answer:

the answer is 4

Step-by-step explanation:

b²=5²-3²

b²=16

b=4

What is the value of c in the equation below?
2^-4 x 2^2 = a^b = c

Answers

Answer:

[tex]\frac{1}{64}[/tex]

The third option.

Step-by-step explanation:

Is 2x + 6x equivalent to 9x when x=0?

Answers

Answer:

Yes

Step-by-step explanation:

Anything muliplied by zero end up equalling zero. So with this in mind we can put 0 in for x and find out what each eqautian equals.

2(0) + 6(0) = 0; Once we multiply both sides we end up adding 0 and 0, so it equals 0

9(0) = 0

Since, 0 = 0 they are both equal.

Hope this helps!

The scale drawing is 2 cm:5m. What is the length,width,and area of the actual room. 8cm & 12 cm

Answers

Answer:

Length= 20m, width=30m Area= 600m²

Step-by-step explanation:

The length becomes 8/2 × 5m=20m

the width becomes 12/2 × 5m=30m

Area = length × width

= 20m × 30m

=600m²

please someone do number 9

Answers

Answer:

2 4/5 kg.

Step-by-step explanation:

Multiply 7/2 (3 1/2) by 4/5

What is the missing number in 73, 67, 61,____, 49, _____, 37 A.55,42 b.55,43 c. 55, 32 D. 55, 34

Answers

Answer:

b) 55 and 43

Step-by-step explanation:

I can tell by the first 3 or so numbers that the sequence is decreasing by 6 each time, so when you go from 61- blank - 49 it has to be 55 and same with the other one.

The Ferris wheel shown makes 14 revolutions per ride. How far would someone travel during one ride? Round your final answer to the nearest whole number. Use 3.14 for π.


diameter 67 feet


Someone would travel about
feet during one ride on the Ferris wheel.

Answers

Answer:

2,945 feet

Step-by-step explanation:

Find the circumference.

C = dπ

C = 67(3.14)

C = 210.38

Since there are 14 revolutions, multiply the circumference by 14.

210.38 x 14 = 2945.32

Round

2,945

What is the median of the data set represented by the dot plot?


Enter the answer in the box.

A number line with line with two dots above the number 10, one dot above the number 12, one dot above the number 13, one dot above the number 14, one dot above the number 15, one dot above the number 18, and two dots above the number 19.

Answers

Answer:

Median is 14

Step-by-step explanation:

The median is the middle number (or average of middle two numbers if data set has even number of elements) of the data set.

According to the graph, the data set has 9 elements.

The 5th number in the set is the median, which is 14

Answer:

14

Step-by-step explanation:

Step-1: Prepare a table that represents the number of dots above a specific number:

[tex]\text{Dots above 10}: || \\ \text{Dots above 12}: | \\ \text{Dots above 13}: | \\ \text{Dots above 14}: | \\ \text{Dots above 15}: | \\ \text{Dots above 18}: | \\ \text{Dots above 19}: ||[/tex]

Step-2: Put the values in ascending or descending upon your choice:

[tex]10, 10, 12, 13, 14, 15, 18, 19, 19[/tex]

Step-3: Determine wether the total number of digits in the data is even or odd. This will help us find the median.

[tex]\text{9 digits in total}\\\\\text{The number of digits is \underline{odd}}[/tex]

Since the number of digits is odd, we will use the formula (a + 1)/2

(where a is the number of digits in the data)

Step-4: Substitute the number of digits in the formula.

⇒ (a + 1)/2th

⇒ (9 + 1)/2th

⇒ (10)/2th

⇒ 5th digit is median

Step-5: Look for the 5th digit in the data. That digit is your median.

[tex]10, 10, 12, 13, \underline{\underline{14}}, 15, 18, 19, 19[/tex]

The median of the dot plot is 14.

Scott has 6 T-shirts and 10 dress shirts in his wardrobe. What is the probability of selecting a dress shirt from his wardrobe?

a-3/8
b-3/5
c-5/8
d-8/5

Answers

Answer:

B

Step-by-step explanation:

6 divided by 10 = 0.6

0.6 = 6/10

6/10 = 3/5

Bella is typing a 400 word essay. She types 50 words in 2 minutes.
Enter an equation in the form of y=mx+b, that represents the number of words (y) remaining to type after x minutes.

Answers

Answer:

[tex]y=25x[/tex]

Step-by-step explanation:

If Bella types 50 words in 2 minutes, we can divide 50 by 2 to see how many words she types in 1 minute.

[tex]50/2=25[/tex]

So, Bella types 25 words per minute. When she first began writing her essay, she did not have words to start with, so there is no y-intercept ([tex]b[/tex]).

Therefore, the equation that represents this relation is [tex]y=25x[/tex].

Solving the equation

We can divide 400 by 25 to determine how many minutes it would take her to finish her essay.

[tex]\frac{400}{25} =16[/tex]

Therefore, it will take her 16 minutes to complete her essay.

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Three moons are in the same circular orbit around a planet. The moons are each 98,000 kilometers from the surface of the planet, located at points A, B, and C. The planet is 12,000 kilometers in diameter and m∠ABC=90°. How far is point A from point C?

Answers

Answer:

The distance between points A and C is 275000 kilometers

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