Karine invests $6,100 in an account with an annual interest rate of 4.5% compounded daily for 2 years.What is the return on investment for Karine's account?

Answers

Answer 1
Answer:

The return on investment for Katerine's account = 9.4%

Explanation:

Amount invested is the principal

Principal, P = $6,100

Annual Interest Rate, r = 4.5% = 0.045

The interest is compounded daily

Number of times the interest is compounded per year, n = 365

Number of years, t = 2 years

The amount after 2 years is calculated as:

[tex]\begin{gathered} A(t)=P(1+\frac{r}{n})^{nt} \\ A=6100(1+\frac{0.045}{365})^{365(2)} \\ A=6100(1.094) \\ A=6673.4 \end{gathered}[/tex]

The amount after 2 years = $6673.4

The interest = Amount - Principal

The interest = $6673.4 - $6100

The interest = $573.4

The return on investment is calculated as:

[tex]\begin{gathered} \text{ROI = }\frac{Interest}{Pr\text{incipal}}\times100\text{ \%} \\ \text{ROI}=\frac{573.4}{6100}\times100\text{ \%} \\ \text{ROI = }9.4\text{ \%} \end{gathered}[/tex]

The return on investment for Katerine's account = 9.4%


Related Questions

Use compatible numbers.4,921 ÷ 63

Answers

Given:

The objective is to divide the 4921÷ 63​ using compatible numbers.

Explanation:

First, the compatible numbers are,

[tex]\begin{gathered} 4921=4920 \\ 63=60 \end{gathered}[/tex]

To calculate division:

Now, the division can be performed as,

Hence, the value of the division is 82.

Mr. Alvarez is laying square paver blocks in sections in rows that look like steps.Section 1 has 3 rows that look like steps, the section is 6 blocks wide, and the bottom step is 8 blocks long. Section 2 has 4 rows that look like steps, the Section is 8 blocks wide, and the bottom step is 10 blocks long. Each Section after that is 2 blocks wider and 2 blocks longer.Drag the numbers to complete the table. Numbers may be used once, more than once, or not at all.

Answers

12

14

36 blocks

56 blocks

108 blocks

Explanation:

The length of section 1 = 8

The length increases by 2 uits as the section increases

Section 2 length of block = length of section 1 + 2 =

= 8 + 2

length of block = 10

Section 3 length of block = length of section 2 + 2

= 10 + 2

length of block = 12

Section 4 length of block = length of section 3 + 2

= 12 + 2

length of section = 14

Number of blocks needed:

if the blocks are counted,

For section 1 there are 6 rows . So we count the total number of blocks on each of them

= 4 + 4 + 6 + 6 + 8 + 8

Section 1 = 36 blocks

For section 2, we count the number of blocks on each row

= 4 + 4 + 6 + 6 + 8 + 8 + 10 + 10

section 2 = 56 blocks

For sectoion 3: The length and width increases by 2 respectively

previous length + 2 = 10 + 2 = 12

Due to the increase we would have two length of 12

= 4 + 4 + 6 + 6 + 8 + 8 + 10 + 10 + 12 + 12 = 80

Already given = 80

For section 4: The length and width increases by 2 respectively

previous length + 2 = 12 + 2 = 14

The increase causes an addition of two length of 14 blocks

Total blocks = 4 + 4 + 6 + 6 + 8 + 8 + 10 + 10 + 12 + 12 + 14 + 14

Total blocks for Section 4 = 108

If the cost of a car is $6,345.00, and the tax rate is 6%, how much is the total cost of the car?

Answers

Given:

Cost of Car is $6,345

Tax rate is 6%

[tex]\begin{gathered} \text{Tax Amount=6345}\times\frac{6}{100} \\ \text{Tax Amount= \$380.70} \end{gathered}[/tex][tex]\begin{gathered} \text{Total cost of the car =6345+380.70} \\ \text{Total cost of the car = \$6725.70} \end{gathered}[/tex]

(30 points) Solve for the missing side of the triangle. Round to the hundredths place if needed.

Answers

Answer:

[tex]6 \sqrt{6} [/tex]

Step-by-step explanation:

The square value of hypotenuse is equal to the square value of sum of the two legs:

[tex] {15}^{2} + {x}^{2} = {21}^{2} [/tex]

225 + x^2 = 441 subtract 225 from both sides

x^2 = 216 find the root of both sides

x = 6√(6)

Choose a student in grades 9 to 12 at random and ask if he or she is studying a language other than English. Here isthe distribution of the students:

Answers

Solution:

a) 0.38

b)0.36

c)0.33

Analysis:

a)Studying a language other than English: In this case, we add all probabilities of the chart, except None (Because that is people don't study a la

Trapezoid W'X'Y'Z' is the image of trapezoid W XYZ under a dilation through point C What scale factor was used in the dilation?

Answers

The scale factor is basically by what we need to multiply the original to get the dilated one.

Simple.

We can see that the original one is Trapezoid WXYZ and the dilated one is W'X'Y'Z'.

THe dilated trapezoid is definitely bigger than original. So the scale factor should be larger than 1.

One side of original is "6" and the corresponding side of dilated trapezoid is "14".

So, what we have to do to "6", to get "14"??

This is the scale factor!

To get 14, we have to multiply 6 with, suppose, "x", so:

[tex]\begin{gathered} 6x=14 \\ x=\frac{14}{6} \\ x=\frac{7}{3} \end{gathered}[/tex]

Hence, SF is 7/3

A square paddock has an area of 7140.25m².
How long is each side?

Answers

Answer:

it's 84.5 m ...................

There are 12 freshman 6 sophomores 12 juniors and 16 seniors. What percentage of club members are sophomores

Answers

Answer:

13% (rounded)

Step-by-step explanation:

12 + 6 + 12 + 16 = 46

46 total students

out of those 46 students, 6 are sophomores

so put that into a fraction it becomes

[tex]\frac{6}{46}[/tex]

which equals

0.130434783

which in percentage is

13.0434783%

or 13% rounded

Suppose that 27 percent of American households still have a traditional phone landline. In a sample of thirteen households, find the probability that: (a)No families have a phone landline. (Round your answer to 4 decimal places.) (b)At least one family has a phone landline. (Round your answer to 4 decimal places.) (c)At least eight families have a phone landline.

Answers

Answer:

(a) P = 0.0167

(b) P = 0.9833

(c) P = 0.0093

Explanation:

To answer these questions, we will use the binomial distribution because we have n identical events (13 households) with a probability p of success (27% still have a traditional phone landline). So, the probability that x families has a traditional phone landline can be calculated as

[tex]\begin{gathered} P(x)=nCx\cdot p^x\cdot(1-p)^x \\ \\ \text{ Where nCx = }\frac{n!}{x!(n-x)!} \end{gathered}[/tex]

Replacing n = 13 and p = 27% = 0.27, we get:

[tex]P(x)=13Cx\cdot0.27^x\cdot(1-0.27)^x[/tex]

Part (a)

Then, the probability that no families have a phone landline can be calculated by replacing x = 0, so

[tex]P(0)=13C0\cdot0.27^0\cdot(1-0.27)^{13-0}=0.0167[/tex]

Part (b)

The probability that at least one family has a phone landline can be calculated as

[tex]\begin{gathered} P(x\ge1)=1-P(0) \\ P(x\ge1)=1-0.167 \\ P(x\ge1)=0.9833 \end{gathered}[/tex]

Part (c)

The probability that at least eight families have a phone landline can be calculated as

[tex]P(x\ge8)=P(8)+P(9)+P(10)+P(11)+P(12)+P(13)[/tex]

So, each probability is equal to

[tex]\begin{gathered} P(8)=13C8\cdot0.27^8\cdot(1-0.27)^{13-8}=0.0075 \\ P(9)=13C9\cdot0.27^9\cdot(1-0.27)^{13-9}=0.0015 \\ P(10)=13C10\cdot0.27^{10}\cdot(1-0.27)^{13-10}=0.0002 \\ P(11)=13C11\cdot0.27^{11}\cdot(1-0.27)^{13-11}=0.00002 \\ P(12)=13C12\cdot0.27^{12}\cdot(1-0.27)^{13-12}=0.000001 \\ P(13)=13C13\cdot0.27^{13}\cdot(1-0.27)^{13-13}=0.00000004 \end{gathered}[/tex]

Then, the probability is equal to

P(x≥8) = 0.0093

Therefore, the answers are

(a) P = 0.0167

(b) P = 0.9833

(c) P = 0.0093

URGENT!! ILL GIVE
BRAINLIEST! AND 100 POINTS!!!!!!

Jimmy ran 20 meters west
from home and then turned
north to jog 25 meters. Jimmy
ran 45 meters, but could have
arrived at the same point by in
a straight line. How many
meters could he have using a
line distance?

A. 3.5 meters
B. 7 meters
C. 32 meters
D. 45 meters

Answers

Answer:

32 meters

Step-by-step explanation:

If Jimmy ran straight from his house, the answer wouldnt be 45 because thats what he did originally when he ran a longer route from his home. 3.5 and 7 meters are too short because he ran at least 25 based off of when he turned from the West. 32 is the only reasonable answer because it would be a shorter distance than 45 meters but longer than 25 because of the route he takes in a straight line.

Answer:

here is the answer to your question

hope you get it well

Identify the property of real numbers illustrated in the following equation.(-5) + (y · 7) = (y · 7) + (-5)

Answers

By definition, the commutative property of addition says that changing the order of addends does not change the sum, which is precisely what the equation is trying to show by changing the order of the sum, therefore, the property illustrated is the commutative property of addition.

Hi, can you help me to solve this problem, please!!

Answers

In this problem, we have a vertical parabola open downward

that means

the vertex represents a maximum

looking at the graph

the maximum has coordinates (1,9)

therefore

the vertex is (1,9)

The baker has 305 cakes to send to the farmers market. If he can pack up to 20cakes in a crate for shipping, what is the minimum number of boxes required toship all of the cakes. Explain your reasoning.

Answers

We have 305 cakes. As we know

Austin and carly despoit 500.00 into a savings account which earns 1% interest compounded monthly they want to use the money in the account to go on a trip in 2 years how much will they be able to spend

Answers

EXPLANATION

Let's see the facts:

Austin and Carly deposit: $500

Interest rate= 1%

Compounding period = monthly

Total number of years = 2

Given the Compounding Interest Rate formula:

[tex]\text{Compound amount = P (1+r/n)\textasciicircum{}nt}[/tex]

n is the compounding period

t is the number of years

r is te interest rate in decimal form

Replacing the given values will give us:

[tex]\text{Compound amount = 500 (1+}\frac{0.01}{12})^{12\cdot2}[/tex]

Solving the power:

[tex]\text{Compound amount = 500 }\cdot1.020192843[/tex][tex]\text{Compound amount = \$510.09}[/tex]

Answer: Austin and Carly will be able to spend $510.09.

the difference of twice h and 5 is as much as the sum of h and 4

Answers

The value of h by solving the given relationship we get, h = 9

In the above question, a word problem is given with the following relations which are as

First we'll express the given word problem statements into mathematical equation expressions

Therefore, The difference of twice of h and 5 is as much as the sum of h and 4

It can be written as in mathematical equation form as

2h - 5 = h + 4

Now, we need to find the value of h by solving the above mathematical equation formed put of the given relationship

Here,

2h - 5 = h + 4

2h - h = 5 + 4

h = 9

Hence, The value of h by solving the given relationship we get, h = 9

To learn more about, word problems here

https://brainly.com/question/2610134

#SPJ1

i need some help list the integers in the set

Answers

Solution

The integers are the set of real numbers consisting of the natural numbers, their additive inverses and zero. {...,−5,−4,−3,−2,−1,0,1,2,3,4,5,...} The set of integers is sometimes written J or Z for short. The sum, product, and difference of any two integers is also an integer.

The whole numbers are set of real numbers that includes zero and all positive counting numbers. Whereas, excludes fractions, negative integers, fractions, and decimals. All the whole numbers are also integers, because integers include all the positive and negative numbers

The integers are real numbers

Therefore the numbers are list of integers

[tex]-8,9,\frac{0}{7},\frac{12}{4}[/tex]

Plot the point ​(3​,​3)

Answers

Step-by-step explanation:

Plot the point ​(3​,​3):

this means where x = 3 and y = 3

Answer:

Solve for x(2x+3)(3x-2)=(3x+3)(2x-2)

Answers

To solve for x, we need to apply distributive property as:

[tex]\begin{gathered} \left(2x+3\right)\left(3x-2\right)=\left(3x+3\right)\left(2x-2\right)​ \\ 2x\cdot3x+2x\cdot(-2)+3\cdot3x+3\cdot(-2)=3x\cdot2x+3x(-2)+3\cdot2x+3\cdot(-2) \\ 6x^2-4x+9x-6=6x^2-6x+6x-6 \\ 6x^2+5x-6=6x^2-6 \\ 6x^2+5x-6+6=6x^2-6+6 \\ 6x^2+5x=6x^2 \\ 6x^2+5x-6x^2=6x^2-6x^2 \\ 5x=0 \\ x=0 \end{gathered}[/tex]

Answer: x = 0

Sally started on the 12th floor. She walked up 4 flights. Then she went down 2 flights. Then she ran up 8 flights of stairs. a) Write an ADDITION expression b) What floor did she end up on? SHOW ALL WORK!

Answers

1) Gathering the data

Initial point 12th floor

2) She started on 12th floor and walked up 4 flights of stairs, assuming from each floor to another we have just 1 flight of stair. And we're using an addition expression, Hence, we can say:

12 +4-2+8=

16 +6

22

She ended up on the 22th floor

What is the solution to the equation below? Round your answer to two decimal places.ex = 5.9A.x = 124.50B.x = 1.77C.x = 365.04D.x = 0.77

Answers

We have the next given equation:

[tex]e^x=5.9[/tex]

Now, we can solve for x using the exponent's properties:

Add both sides ln:

[tex]\ln e^x=\ln5.9[/tex]

With the ln we can take down the exponent and simplify ln*e = 1.

Hence,

[tex]\begin{gathered} x=\ln(5.9) \\ x=1.77 \end{gathered}[/tex]

Hence, the correct answer is option B.

solve the quadratic equation below.3x^2-9=0

Answers

[tex]\begin{gathered} 3x^2-9=0 \\ 3x^2-9+9=0+9 \\ 3x^2=9 \\ \frac{3x^2}{3}=\frac{9}{3} \\ x^2=3 \\ x=\sqrt{3},\: x=-\sqrt{3} \end{gathered}[/tex]

How do you solve this??

Answers

Answer:

12-3X=X-3=5

Step-by-step explanation:

Solve the following system of equations by graphing. Graph the system below and enter the solution set as an ordered pair in the form (x,y).if there are no solutions enter none and inter all if there are infinite solutions X + 2y = 3 2x + 4y =12

Answers

System of equations:

[tex]x+2y=3[/tex][tex]2x+4y=12[/tex]

To solve the system by graphing, we have to remember that the point in which both graphs meet is the solution of the system.

• Graph of both equations:

As we can see, there is no point in which both meet. Then, this system has no solution.

Answer: none

What is the slant height and surface area of the pyramid

Answers

we have that

The surface area of the pyramid is equal to the area of its square base plus the area of its four triangular faces

step 1

Find out the area of the square base

A=15^2

A=225 ft2

step 2

Find out the area of one triangular face

the area of a triangle is equal to

A=(1/2)(b)(h)

we have

b=15 ft

h ----> is the slant height

To find out the slant height, apply the Pythagorean Theorem

h^2=10^2+(15/2)^2

h^2=100+56.25

h=12.5 ft

therefore

A=(1/2)(15)(12.5)

A=93.75 ft2

step 3

The surface area is equal to

SA=225+4(93.75)

SA=600 ft2 and the slant height is 12.5 ft

A car can travel 28 miles per gallon of gas. How far can the car travel on 8 gallons of gas?

Answers

A car can travel 28 miles per gallon of gas. How far can the car travel on 8 gallons of gas?

Applying proportion

28/1=x/8

solve for x

x=(28)*8

x=224 miles

the answer is 224 miles

i inserted a picture of the question state whether it’s a b c or d please don’t ask tons of questions yes i’m following

Answers

The possible values for any probability are between zero and one. With this in mind we conclude that A, B, C and E are allowed probabilities

I NEED CORRECT ANSWER 100 POINTS ONLY ANSWER CORRECTLY

A line passes through the points (7,9) and (10,1). What is its equation in point-slope form?

Use one of the specified points in your equation. Write your answer using integers, proper fractions, and improper fractions. Simplify all fractions.

Answers

Answer:

[tex]y-9=-\dfrac{8}{3}(x-7)[/tex]

Step-by-step explanation:

[tex]\boxed{\begin{minipage}{4.4cm}\underline{Slope Formula}\\\\Slope $(m)=\dfrac{y_2-y_1}{x_2-x_1}$\\\\where $(x_1,y_1)$ and $(x_2,y_2)$ \\are two points on the line.\\\end{minipage}}[/tex]

Define the given points:

(x₁, y₁) = (7, 9)(x₂, y₂) = (10, 1)

Substitute the defined points into the slope formula:

[tex]\implies \textsf{slope}\:(m)=\dfrac{1-9}{10-7}=-\dfrac{8}{3}[/tex]

[tex]\boxed{\begin{minipage}{5.8 cm}\underline{Point-slope form of a linear equation}\\\\$y-y_1=m(x-x_1)$\\\\where:\\ \phantom{ww}$\bullet$ $m$ is the slope. \\ \phantom{ww}$\bullet$ $(x_1,y_1)$ is a point on the line.\\\end{minipage}}[/tex]

Substitute the found slope and one of the points into the point-slope formula:

[tex]\implies y-9=-\dfrac{8}{3}(x-7)[/tex]

Using the rotation R, can you create a function R(ABCD) that is equivalent to the reflection of ABCD across both the x-axis and y-axis?

Answers

The reflection over the x-axis is given by:

[tex]R(x,y)\to(-x,y)[/tex]

And the reflection over the y-axis is given by:

[tex]R(x,y)\to(x,-y)[/tex]

Thus, a function that is equivalent to the reflection of ABCD across both axis would be:

[tex]R(x,y)\to(-x,-y)[/tex]

Identify the property of equality that justifies the missing step to solve the given equation.Equation3x + (1 - 8) = 124r-I8 = 12StepsOriginal equationAssociative property of addition4r= 20r=5Division property of equalitya. subtraction property of equalityb. addition property of equalityc. division property of equalityd. multiplication property of equality

Answers

From the attached image;

[tex]4x-8=12[/tex]

The next step is to add 8 to both sides of the equation to remove -8.

[tex]\begin{gathered} 4x-8+8=12+8 \\ 4x=20 \end{gathered}[/tex]

Since we added to the equation.

The step is an addition property of equality

Which of the following are rational numbers?A) 42/91B) 10.27C) 8.14 D) 0

Answers

It's important to know that a rational number can be expressed as fractions, but also when they are expressed as decimals, the decimal part repeats infinitely, that is, it has a pattern or finite decimal digits.

Having said that, we can deduct that all the answer choices are rational numbers.
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Rewrite one fourteenth times x cubed times y plus three fourteenths times x times y squared using a common factor. in the grid (us) the transmission lines: a. none of the choices are correct b. only connects the generator substations to load centers. c. connect the generator substations to distribution substations but are not connected to each other at any specific location. d. not only connect the generator substations to load centers but also are connected to each other at specific locations called interconnects. e. connect the generator substations to distribution substations but are not connected to each other at any specific location except if the run as parallel circuits. Which statement is true about the equations 3x + 4y = 12 and One-fourthx One-thirdy = 1?The system of the equations has exactly one solution at (8, 3).The system of the equations has exactly one solution at (4, 3).The system of the equations has no solution; the two lines are parallel.The system of the equations has an infinite number of solutions represented by either equation. what is the answer help pls Solve using elimination.2x 7y = 9x 7y = 15 Tell tale heart story1. Identify two character traits that the narrator demonstrates in this text. Use evidence from the text to support your arguments and explain your evidence and what it shows. You don't need to explain if you don't want. i will give 50 points and brainliest Why does Wiesel believe indifference to be the most dangerous emotion? Question 5 options:because indifference creates prejudice and hatredbecause indifference allows suffering to continue because indifference is the root of all violence because indifference cannot be combated A cone has a height of 17 centimeters and a radius of 7 centimeters. What is its volume? Use = 3.14 and round your answer to the nearest hundredth. cubic centimeters Help in solving for y. Need to know the slope and y-intercept in the equation What was the purpose of Olaudah Equiano's autobiography?A. to present an antislavery argument by sharing his life storyB. to improve conditions on slave shipsC. to sell tens of thousands of books about enslaved Africans 6 eggs weigh 3/4 of a pound. How much does each egg weigh? 1/4 pounds1/6 pounds1/8 pounds2/3 pounds Which of the following is true about photochemical smog? It hardens metals and stones. It creates a gray haze in the air. It exists in damp, cold weather. It is formed from nitrogen oxides. Explain the significance of the Popol Vuh and Mayan calendar in understanding the Mesoamerican Civilizations. Meg owes the bank more than $15. Use , or = to make the statement true. Meg's account value ? -$15 2 What is the value of point A? ? How far is point A from 0 (absolute value)? || HAR writing to explain in your own words tell what it meant by the absolute value of an integer Use the complete the square method to solve the following problemx^2 + 3x + 11 = 0 IThe alignment of electrons in a magnetic field does not contribute to the properties of magnets true or false? Tanya is training a turtle for a turtle race. For every 1/2 of an hour that the turtle is crawling, he can travel 1/20 of a mile. At what rate is the turtle crawling in miles per hour Do as direct: 1. You will forget all about it in the morning. (Make it negative) 2. Amar was not a bad pupil. ( Make it affirmative) 3. I felt very sad. ( Make it exclamatory) 4. She can do it, I can. (Use 'if')