I need this TONIGHT!!! Three years ago, Jolene bought $750 worth of stock in a software company. Since then the value of her purchase has been increasing at an average rate of 5 1/2% per year. How much is the stock worth now? (Round each money calculation you make to the nearest cent.) The stock is worth $ now.

Answers

Answer 1

Answer:

[tex]A\approx\$880.68[/tex]

Step-by-step explanation:

So, we know that Jolene bought an initial $750.

We also know that the purchase is increasing at an average rate of 5 1/2 %or 5.5%. In other words, this is being compounded.

So, we can use the compound interest formula, which is:

[tex]A=P(1+\frac{r}{n})^{nt}[/tex]

Where A is the total amount, P is the principal value, r is the rate and n is the number of times compounded per year, and t is the amount of years.

So, substitute 750 for P. 5 1/2% is the same as 5.5% or 0.055 (you move the decimal two places to the left and remove the percent symbol) so substitute this for r. Since it's increasing yearly, n is 1. So, our formula is:

[tex]A=750(1+0.055)^t[/tex]

Add:

[tex]A=750(1.055)^t[/tex]

Since the stock was bought 3 years ago, the value now is t=3. So, substitute 3 for t and evaluate:

[tex]A=750(1.055)^3[/tex]

Evaluate. Use a calculator:

[tex]A\approx\$880.68[/tex]

And we're done!

Answer 2

Formula: A = P(1 + r/n)^t

We have these variables:

P = 750

r/n = 0.055

t = 3

Substitute and simplify:

A = 750(1 + 0.055)^3

A = 750(1.055)^3

A = 880.68

Best of Luck!


Related Questions

slope 5/6, passes through (12,4)

Answers

Answer:

y= 5/6x -6

Step-by-step explanation:

[tex]m =\frac{5}{6} \\(12,4)=(x_1,y_1)\\\\[/tex]

Substitute values into point slope form

[tex]y-y_1 =m(x-x_1)\\\\y - 4 = \frac{5}{6} (x-12)\\\\y-4 = \frac{5}{6} x -10\\\\y=\frac{5}{6} x -10+4\\\\y = \frac{5}{6} x -6[/tex]

The equation of the line that has a slope of 5/6 and passes through (12, 4) will be y = 5/6) x - 6.

What is a linear equation?

A relationship between two or more parameters that, when shown on a graph, produces a linear model. The degree of the variable will be one.

The linear equation is given as,

y = mx + c

Where m is the slope of the line and c is the y-intercept of the line.

The slope of the line is 5/6. Then the equation of the line will be

y = (5/6)x + c

The equation of the line is passing through (12, 4), then the value of c will be

4 = (5/6) 12 + c

4 = 10 + c

c = -6

Then the equation of the line will be y = (5/6)x - 6.

More about the linear equation link is given below.

https://brainly.com/question/11897796

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¿Cuál de las siguientes fracciones algebraicas se puede reducir?

A.

8−x9−16x2

B.

5−x25−x2

C.

x2+4x−5x2−4

D.

3x2x2+8

Answers

Do you know how to translate that in English

Identify all properties being shown: (5x^3 + 2) + 7x^2 = (7x^2 + 5x^3) + 2

Answers

Answer:

No solutions

Step-by-step explanation:

5x^3 + 2 + 7x^2 = 7x^2 + 5x^3 +2

125x + 2 + 49x = 49x + 125x + 2

-125x                             -125x

2 + 49x = 49x + 2

-2 -49x    -49x  -2

0 = 0

Hope this helped :)

Let f(x) = 5x - 4 and g(x) = x^2- 1. Find (g•f)(0).

Answers

Answer:

[tex](g\cdot f)(0)=4[/tex]

Step-by-step explanation:

So we have the two functions:

[tex]f(x)=5x-4\text{ and } g(x)=x^2-1[/tex]

And we want to find:

[tex](g\cdot f)(0)[/tex]

This is the same as:

[tex]=g(0)\cdot f(0)[/tex]

So, find g(0) and f(0):

g(0):

Substitute 0 into g(x):

[tex]g(0)=(0)^2-1[/tex]

Square:

[tex]g(0)=0-1[/tex]

Subtract:

[tex]g(0)=-1[/tex]

And f(0):

Substitute 0 into f(x):

[tex]f(0)=5(0)-4[/tex]

Multiply:

[tex]f(0)=0-4[/tex]

Subtract:

[tex]f(0)=-4[/tex]

So, our equation is now:

[tex](g\cdot f)(0)=g(0)\cdot f(0)=(-1)\cdot(-4)[/tex]

Multiply:

[tex]=4[/tex]

So, our answer is 4.

And we're done!

Please help me I am confused- qwq​

Answers

$162.50 because if you add the percentages together, you get 35%

If you subtract 35% off of 250, you get 162.50

-5x + 3 = 8x + 9 – 3

Answers

[tex]\text {Hi There! The answer to your problem is}[/tex]

[tex]\fbox {x=-3/13}[/tex]

[tex]\text {Your 1st Step will be to Simplify the Equation}[/tex]

[tex]\text {-5x+3=8x+9+-3}[/tex]

[tex]\text {-5x+3=(8x)+(9+-3) (Combine Like Terms)}[/tex]

[tex]\text {-5x+3=8x+6}[/tex]

[tex]\text {The Next Step is to Subtract 8x}[/tex]

[tex]\text {-13x+3-3=6-3}[/tex]

[tex]\text {-13x=3}[/tex]

[tex]\text {The Final Step is to Divide by -13}[/tex]

[tex]\text {-13x/13=3/-13}[/tex]

[tex]\text {x=-3/13}[/tex]

[tex]\text {Best of Luck!}[/tex]

[tex]\text {-LimitedX}[/tex]

Construct a square whose area is
36 cm²

Answers

have each side be 6 cm
Squares have equal sides and 6^2 = 36

x-6y<-12 in slope intercept form

Answers

X-6y<-12 in slope intercept form is y > 1/6X + 2

Approximately 2,094,800 people took a
vacation to a state park this year. 25
years ago 158,975 people vacationed to
state parks. Approximately how many
more people visited the park than 25
years ago?

Answers

Answer: 1935825

Step-by-step explanation:

in grouped data each of the group is called? ​

Answers

Answer:

The class interval.

In a group data each group is called class interval.

What is £36 in the ratio 2:1:1

Answers

Answer:

$18, $9, $9

Step-by-step explanation:

First get the sum of all the ratios 2+1+1 =4

Divide $36 by the sum of the ratios $36/4 =$9

Multiply each ratio by $9 to get each of the amount.

I. 2x$9= $18

ii. 1x$9= $9

Iii. 1x $9 = $9

Other than replacing the equal sign with some sort of inequality sign, what is the one big difference we need to keep in mind when solving a linear inequality?

Answers

Step-by-step explanation:

In response to this question,

When solving a linear equality, one difference that we must keep in mind other than replacement of = sign with some equality sign is that when we do multiplication or division with a negative number, we are then required as a must to change the direction of the inequality sign.

If x2 + 3x + 7 is divided by x + 2, then what is the remainder?

Answers

Answer:

ok but thx for the points

Step-by-step explanation:

The remainder when the polynomial x² + 3x + 7 is divided by x + 2 is 5.

A polynomial is an expression consisting of the operations of addition, subtraction, multiplication of variables.

The remainder theorem states that for a polynomial, f(x) divided by a linear polynomial , x - a, the remainder is equal to f(a).

Given the polynomial; f(x) = x² + 3x + 7, since it is divided by x + 2, hence:

x + 2 = 0

x = -2

f(-2) = (-2)² + 3(-2) + 7 = 5

Hence the remainder when the polynomial x² + 3x + 7 is divided by x + 2 is 5.

Find out more at: https://brainly.com/question/19030073

The unit price of hot dogs is $0.50/hot dog. How much will 12 hot dogs cost?

Answers

Answer:

Price of 1 hotdog= $0.50

Price of 12 hotdogs=12x$0.50= $6.0

Hope it helps :)

12 hot dogs will cost $6

12*0.5=6

I not sure how to find the value of the letters ​

Answers

Answer:

a = 31°

b = 66°

Step-by-step explanation:

Reason for the answer to a:

It is an alternate angle. So, a = 31°.

Reason for the answer to b:

It is also an alternate angle. So, b = 35° + 31° = 66°.

7(1 - 2n) < 33 - n

solve the inequality
show work

Answers

Answer:

n > -2

Step-by-step explanation:

7(1 - 2n) < 33 - n

7 - 14n < 33 - n

Subtract 7

-14n < 26 - n

Add n

-13n < 26

Divide by -13

n > -2

Answer:

n > -2

Step-by-step explanation:

Distribution property:

7 - 14n < 33 - n

Bring n over:

7 - 13n < 33

Bring 7 over:

-13n < 26

n > -2

60% of a class studied for the quiz. 70% of the class passed the quiz. If 12 people did not study for the quiz, how many students passed the quiz

Answers

Answer:

21

Step-by-step explanation:

Answer:

21

Step-by-step explanation:

HELP PLEASE
Please find the angle measure . Do not use the degree symbol.

Please classify as acute, obtuse, right, or straight . No capital letters please.

Answers

Answer:

acute

Step-by-step explanation:


[tex](8 + 4 + 3) + (6 + 5 + 11) = [/tex]

Answers

Answer:

= 37

Step-by-step explanation:

(8+4+3) + (6+5+11)

= 15 + 22

= 37

A building casts a shadow 47 feet long. At the same time, a 38‐foot‐tall flagpole casts a shadow 9.4 feet long. What is the height of the building?

Answers

210 feet  To answer this question you need to know the ratio of shadow with the actual object. In this case, 42 feet flagpole cast 9.4 feet shadow. Then the ratio is:

42feet/9.4 feet= 4.468

That means the actual height is 4.468 times of shadow length. After that, you can multiply the ratio with the shadow to know the object actual size. It would be: 47 feet x 4.468=  210 feet.

please help ill mark branilest

Answers

I think it's the third choice :)) the one you currently have

It is the third one you already have it good job

Answer the question please

Answers

The answer is A becuz if you have a fraction next to a whole number and you have to make it rational you always have a index and the exponent

which of these comparisons is correct?

A. -2 < -5
B. 0 > 2
C. 4 > -4
D. -6 < -5

Answers

the comparison that is correct is c.

if de = 6x , EF =4x, and df =10 what is DE

Answers

Answer: 6

Step-by-step explanation:

Given DE, EF and DF, we know that DE and EF make up DF. We add DE and EF and set it equal to DF.

6x+4x=10                 [add]

10x=10                      [divide both sides by 10]

x=1

Now that we know x=1, we can plug that into DE.

6(1)=6

Now, we know that DE is 6.

what's the distance between (-14,-18) and (-25,-23)

Answers

Answer:

the answer is 12.08

Step-by-step explanation:

Use the distance between point formula

y=2x+3 help please ...

Answers

Answer:

x=-3/2

y=3

Step-by-step explanation:

i hope this helps

Answer:

x=2x+3 Improper question not enough details The only answer can be found right now is 3x+3

Step-by-step explanation:

Combine like terms and give me brainliest please

You deposit $6000 in an account earning 8% interest compounded monthly. How much will you have in the account in 15 years?

Answers

Answer:

13,200

Step-by-step explanation:

6000/100=60

60x8=480

480x15=7,200

6,000+7,200=13,200

If the initial amount is $6000 , rate of interest 8% then after 15 years the amount willbe $19957.218.

What is compound interest?

Compound interest is the interest calculated on the principal and the aggregate interest. It may be copounded annually,semi annually, monthly, bimonthly,etc.

How to calculate interest?

We have been given that the deposit is $6000,rate is 8% which is compounded monthly.

So effective rate of interest will be 8/1200=0.0067.

n will be 15*12=180

The sum after 15 years=6000[tex](1+0.0067)^{180}[/tex]

S=6000[tex](1+0.0067)^{180}[/tex]

Take log both sides.

log S=log 6000[tex](1+0.0067)^{180}[/tex]

log S=log 6000+log [tex](1+0.0067)^{180}[/tex]

log S=log 6000+180 log (1.0067)

log S=3.7781+180*0.0029

log S=3.7781+0.522

log S=4.3001

S=AL (4.3001)

S=19957.218

Hence if the initial amount is $6000 , rate of interest 8% then after 15 years the amount willbe $19957.218.

Learn more about compound interest at https://brainly.com/question/24924853

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Gina has 2/3 pounds of apples. Jane has 3/5 pound of apples. Gina and Jane want to combine their apples to make an apple pie. The recipe calls for 1 1/2 pounds of apples. How many pounds of apples do they need for their pie? Show all work.

Answers

Answer:

Step-by-step explanation:

1. 3x5=15

2. 2x5=10 and 3x3=9

3 10/15 + 9/15= 19/15 or 1 and .3 so they need approx .2 more pounds

g(x)= 2x-4
f(x)= -3x-4
Find (g • f)(x)

Answers

Answer:

Step-by-step explanation:

(2x - 4)(-3x -4)

-6x^2 - 8x + 12x + 16

-6x^2 + 4x + 16

Factor out gcf
16x5 – 12x3

Answers

Answer:

(16 and 5 = gcf of 1) 12 and 3 = gcf of 3

Step-by-step explanation:

divid both to find the answer

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