Dina invests $600 for 5 years at a rate of 2% per year compound interest.
Calculate the value of this investment at the end of the 5 years.

Answers

Answer 1

Answer:

The value of this investment at the end of the 5 years is of $662.5.

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

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

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Dina invests $600 for 5 years at a rate of 2% per year compound interest.

This means that [tex]P = 600, t = 5, r = 0.02, n = 1[/tex]. Thus

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

[tex]A(t) = 600(1 + \frac{0.02}{1})^{t}[/tex]

[tex]A(t) = 600(1.02)^t[/tex]

Calculate the value of this investment at the end of the 5 years.

This is A(5). So

[tex]A(5) = 600(1.02)^5 = 662.5[/tex]

The value of this investment at the end of the 5 years is of $662.5.


Related Questions

Franklin can jog approximately 2,000 meters in 4 minutes. Express this rate as a unit
rate.







I need it in step by step

Answers

You always get a unit rate from dividing. You always have two ways to do it, and get two unit rates, but one of them is more helpful.

2000 meters/4 minutes = 500 meters per minute

4 minutes/2000 meters = 0.002 minute per meter

(By the way ... Franklin is "jogging" a 3:13.12 mile. The world record is 3:43.13 .)

which equation represents the graphed function
A. y=4x-2
B. y=-4x-2
C. y=1/4x-2
D. -1/4x-2

Answers

It’s easy just find the slope and the answer is gonna be obvious

Slope= y2-y1/x2-x1

Slope = -2-(-1)/0-4 = -1/-4 = 1/4

Slope = 1/4x

So the answer should be C

Henry signed up for a streaming music service that costs $14 per month. The service allows Henry to listen to unlimited music, but if he wants to download songs for offline listening, the service charges $1 per song. How much total money would Henry have to pay in a month in which he downloaded 50 songs? How much would he have to pay if he downloaded s songs?
Cost for 50 songs :
Cost for s songs :

Answers

Answer:

Cost for 50 songs: $64

Cost for s songs: s + 14

Step-by-step explanation:

Since it is $1 per song, if he downloaded 50 songs, it would be $50 extra dollars.

Add this to the monthly charge of 14:

50 + 14

= 64

So, the cost of 50 songs would be $64.

Now, find the cost for downloading s songs.

Each song is $1, so the cost can be represented by s + 14.

The answer is:

Cost for 50 songs: $64

Cost for s songs: s + 14

NA
4
which is the graph of the linear inequality y < 3x + 1

Answers

Answer:

D

Step-by-step explanation:

Answer:0

Step-by-step explanation:

because 3x+1 is 0

The 3x+1 Conjecture asserts that, starting from any positive integer n, repeated iteration of this function eventually produces the value 1.

Score on last try: 0 of 8 pts. See Details for more.
Get a similar question
You can retry this question below
Five cards are drawn randomly from a standard deck of 52 cards
Determine the probability that exactly 3 of these cards are Aces. Write your answer in decimal form, rounded to 5 decimal
places
Answer

Answers

Answer:

there are 4 aces in the deck of 52 cards

so the probability to draw one ace is 4/52

if we draw an ace, there are 3 left in 51 cards.

so the next probability will be 3/51

we need to multiply probabilities to know how likely it is that this happens in a row.

for three in a row that's

[tex] \frac{4}{52} \times \frac{3}{51} \times \frac{2}{50} [/tex]

rewritten its:

[tex] \frac{4 \times 3 \times 2}{52 \times 51 \times 50} [/tex]

we'll see soon why this is easier to write.

we also have to account for the two cards that are no aces. it doesn't matter if the first two cards are no aces, the last two, or any rodney. just the ammount of non-aces is important.

there are 48 non-aces in the deck.

so the probability to draw one of them in the first step is 48/52.

wich each draw the number of cards left in the deck decreases by 1. and depending what we draw, that ammount also decreases.

we draw 5 cards, so we know what the denominators will be. the numerator will be the rest-ammounts of each event, like shown in the complicated fraction above.

let's write it most easily as this:

[tex] \frac{4 \times 3 \times 2 \times 48 \times 47}{52 \times 51 \times 50 \times 49 \times 48} [/tex]

this scenario looks like it only describes 3 aces, then two non-aces, but the order of multiplication isn't important. you could put the 48 and 47 to the left, same solution. so this expression represents all permutations of "3 aces when drawing 5 cards", including the two cards that are not aces.

that's why writing it as one convoluted fraction is indeed better and simpler than many fraction multiplied in row.

time to grap a calculator.

our probability for the event is

54144 possible valid outcomes out of

311875200 possible combinations.

luckily the calculator can reduce that to a simpler form of

[tex] \frac{47}{270725} [/tex]

(reduced with 2^6*3^, big number, but tried it out by hand stacking up prime factors until hittinga prime in the numerator)

written as a readable kind of number you probably know and like it's

0.0001736079047

in decimal form. now rounded as asked for:

0.00017

(as percentage: 0.017%)

hope the way how we got here is somewhat clear. feel free to ask any questions.

kind regards

Alex

If $25,000 is borrowed with an interest of 8.0% compounded annually, what is the total amount of money needed to pay it
back in 10 years?
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.

Answers

Answer:

[tex] \frac{8}{?100} \times 25000[/tex]

=2000

365×10=3650

2000×3650=7300000

[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 &\$25000\\ r=rate\to 8\%\to \frac{8}{100}\dotfill &0.08\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &10 \end{cases} \\\\\\ A=25000\left(1+\frac{0.08}{1}\right)^{1\cdot 10}\implies A=25000(1.08)^{10}\implies A\approx 53973.12[/tex]

Expresa los siguientes números sin potencia de base 10

Answers

Answer:

no se guey..... pero gudluc

A random sample of 50 male employees is taken at the end of a year and the mean
number of hours of absenteeism for the years is found to be 63 hours. A similar sample of
50 female employees has mean of 66 hours. Could these samples be drawn from a
population with the same mean and standard deviation 10 hours?​

Answers

Answer:

Yes the samples can be drawn from a population with the same mean and standard deviation 10 hours

Step-by-step explanation:

We are given;

Sample mean for male employees; x1¯ = 63

Sample mean for female employees; x2¯ = 66

Sample size = 50

Standard deviation; σ = 10

First,let's define the hypotheses of the question;

Null hypothesis; H0: μ1 = μ2

Alternative hypothesis; Ha: μ1 ≠ μ2

Now, let's find the test statistic from the formula;

z = (x1¯ - x2¯)/(σ√(2/n))

Thus;

z = (63 - 66)/(10√(2/50))

z = -3/2 = - 1.5

Now, we are not given the significance value but usually when it is not given, we can adopt α = 0.05.

Thus, from online p-value from z-score calculator using; z = -1.5; α = 0.05; two tailed test; we have;

p-value = 0.13364

The p-value is greater than the significance value and thus we will fial to reject the null hypothesis and conclude that these samples can be drawn from a population with the same mean and standard deviation

A restaurant is planning its staffing for weekday dinners. It finds that the number of customers is normally distributed. Which calculation would help them determine the most likely range of customers arriving for that meal

Answers

Answer: hypothesis testing with a null hypothesis that the number of customers is less than or equal to the usual number.

Step-by-step explanation:

Your question isn't complete as you didn't provide the options. These are given above.

Based on the options, the calculation that would help them determine the most likely range of customers arriving for that meal is a hypothesis testing with a null hypothesis that the number of customers is less than or equal to the usual number.

plz help worth 50 points

Answers

Answer:

The answer is A

Step-by-step explanation:

Starting from -3 in the Y values of option A. If you subtract three from each value, you will get the next value to the right.

-3 minus -3 = -6-6 minus -6 = -9

       

Answer:

Someone already answered it but I won't let 50 points go to waste. !!!!!

Step-by-step explanation:

On each trial of an experiment, a participant is presented with a constant soft noise, which is interrupted at some unpredictable time by a slightly louder sound. The time it takes for the participant to react to the louder sound is recorded. The following list contains the reaction times (in milliseconds) for trials of this experiment.

170, 206, 218, 232, 238, 248, 254, 264, 268, 281, 281, 281, 316, 320, 320, 329, 336, 365, 399, 400, 438, 438, 452, 524, 724, 806

1. measures of central tendency do not exist for this data set?
a. Mean
b. Median
c. Mode
d. None of these measures

2. Suppose that the measurement 806 (the largest measurement in the data set) were replaced by 1169. Which measures of central tendency would be affected by the change? Choose all that apply.

Answers

Answer:

1.d. None of these measures  (do not exist interpreted as all of these exist)

2.The mean is increased from 346.8 to 361.32

Step-by-step explanation:

After calculations we find that all the measures of central tendency exist for this data. The mean , median and mode can be easily calculated .

The mean is 346.8

The mode is 281

The median is 316

Suppose that the measurement 806 (the largest measurement in the data set) were replaced by 1169.  The mean would be affected by the change.

The mean is 361.32

The mode is 281

The median is 316

The mean is increased from 346.8 to 361.32

This are 7 different questions please help me

Answers

Answer:

ccccccc is bebebebebebebeebebbeebebeb

1.A
2.C
3.B
4.C
5.C
6.C
7.B

I don't know how to do this​

Answers

Answer:

Step-by-step explanation:

yeah

5,10,15,20,25

4,8,12,16,20,

A bag contains 10 discs.
Each disc is labelled with a different number from 1 to 10
Adinis chosen from the bag at random
Write down the probability that the chosen disc is
(a) the number 3
(b) a number loss than four
(c) a square number
(d) a prime number
Help please !!!

Answers

Answers:

(a) 1/10(b) 3/10(c) 3/10(d) 2/5

===========================================

Explanations:

Part (a)

There is only one disc labeled "3" out of 10 total. So we end up with the probability 1/10.

---------------------

Part (b)

The list of numbers less than 4 are {1,2,3} which are 3 items out of 10 discs. We end up with 3/10.

---------------------

Part (c)

A square number, aka a perfect square, smaller than 10 is the list {1,4,9}

Since 1 = 1^2, 4 = 2^2 and 9 = 3^2

Like part (b), we end up with the same result of 3/10.

---------------------

Part (d)

The list of primes smaller than 10 is {2, 3, 5, 7}. Notice that 1 is not prime.

So we end up with 4/10 = 2/5.

Can someone please help me?

Answers

Answer:

y=3^(x-2) + 1

Step-by-step explanation:

When dealing with graphs I always use a graphing calculator or Desmos to graph and double check my answers especially when doing translations!

Can someone solve question c ?

Answers

If it finished at 1:33 it would’ve started at 12:30
But if it finished at 16:17 (4:17) it would’ve started at 2:44

The missing number in the sequence 2, 5, 10, ?, 26, 37 is .........?​

Answers

Answer:

17.

Step-by-step explanation:

The differences form an arithmetic sequence 3, 5, 7, 9,,11.

The missing number  is 10 + 7 = 17.

This is a quadratic sequence.

The nth term = n^2 + 1.

Thus the 4th term = 4^2 + 1 = 17.

Customers at Costco spend an average of $130 per trip (The Wall Street Journal, October 6, 2010). One of Costco's rivals would like to determine whether its customers spend more per trip. A survey of the receipts of 25 customers found that the sample mean was $135.25. Assume that the population standard deviation is $10.50 and that spending follows a normal distribution.A. Specify the appropriate null and alternative hypotheses to test whether average spending at the rival's store is more than $130.B. Calculate the value of the test statistic.C. Calculate the p-value. D. Calculate the critical value

Answers

Answer:

A. The null hypothesis is [tex]H_0: \mu = 130[/tex].

The alternative hypothesis is [tex]H_a: \mu > 130[/tex]

B. The value of the test statistic is [tex]t = 1[/tex]

C. The p-value is of 0.1636.

D. The critical value is [tex]t_c = 1.711[/tex]

Step-by-step explanation:

Question a:

Customers at Costco spend an average of $130 per trip (The Wall Street Journal, October 6, 2010). One of Costco's rivals would like to determine whether its customers spend more per trip.

At the null hypothesis, we test if the mean is the same as Costco's, that is:

[tex]H_0: \mu = 130[/tex]

At the alternative hypothesis, we test if the mean is more than 130, that is:

[tex]H_a: \mu > 130[/tex]

B. Calculate the value of the test statistic.

The test statistic is:

We have the standard deviation for the sample, so the t-distribution is used to solve this question.

[tex]t = \frac{X - \mu}{\frac{s}{\sqrt{n}}}[/tex]

In which X is the sample mean, [tex]\mu[/tex] is the value tested at the null hypothesis, s is the standard deviation and n is the size of the sample.

130 is tested at the null hypothesis:

This means that [tex]\mu = 130[/tex]

A survey of the receipts of 25 customers found that the sample mean was $135.25. Assume that the population standard deviation is $10.50 and that spending follows a normal distribution.

This means that [tex]n = 25, X = 135.25, s = 10.50[/tex]

Then

[tex]t = \frac{X - \mu}{\frac{s}{\sqrt{n}}}[/tex]

[tex]t = \frac{135.25 - 130}{\frac{10.50}{\sqrt{25}}}[/tex]

[tex]t = 1[/tex]

The value of the test statistic is [tex]t = 1[/tex]

C. Calculate the p-value.

Test if the mean is more than a value, so a right-tailed test.

Sample of 25, so 25 - 1 = 24 degrees of freedom.

Test statistic of t = 1.

Using a t-distribution calculator, the p-value is of 0.1636.

D. Calculate the critical value

24 df, using the standard 0.05 significance level.

Using a critical value calculator, the critical value is [tex]t_c = 1.711[/tex]

What is 5^-3?
Please I really need someone to explain to me what do you do when there is a negative sign in the exponent. Thank you :)

Answers

1/15

You take out the negative and do the regular equation but turn it into the fraction with one as the numerator and the solution of the exponent as the denominator.

Answer: 1/125 or 0.008 (simplify 1.125 or should I do it?)

Step-by-step explanation:

Well, when there is a negative sign in the exponent you only move the negative exponents. Moving only negative exponents is recommended because using this rule, you multiply two exponents with the same base and add their powers.

Graph the image of rectangle  after a translation 6 units right and 1 unit down.​

Answers

Answer:

see image

Step-by-step explanation:

one by one, move each point

Use the points and move each point to the right 6 and go down 1 and make a new mark.

20. The H.M. between 2 and 8 is
(1 marks )​

Answers

Answer as an improper fraction = 16/5

Answer as a mixed number = 3 & 1/5

Answer in decimal form = 3.2

All of those values represent the same thing, but written in a different way.

=============================================================

Explanation:

I'm assuming HM stands for Harmonic Mean in this case.

If so, then we apply the reciprocal operation to each value to get 1/2 and 1/8 (from 2 and 8 respectively).

Add up those fractions:

1/2 + 1/8 = 4/8 + 1/8 = 5/8

Now we'll divide n = 2 over that result. The n = 2 refers to the number of items in the original set.

n divide over (5/8) = 2*(8/5) = 16/5 which is the answer as an improper fraction

-----------

To convert to a mixed number, we can do the following:

16/5 = (15+1)/5

16/5 = 15/5 + 1/5

16/5 = 3 + 1/5

16/5 = 3 & 1/5

Or if you need the answer in decimal form, then using a calculator would get you 16/5 = 3.2

Find the value of -6 + 8(-3) ÷ 4
please help me .

Answers

Answer:

-12

Step-by-step explanation:

cause from the rule

we should always solve from bracket so -3×8= -24

and -24/4= -6

and -6-6

= -12

A review of combination

Answers

Answer:

What is a Combination? A combination is a mathematical technique that determines the number of possible arrangements in a collection of items where the order of the selection does not matter. In combinations, you can select the items in any order. Combinations can be confused with permutations.

#happylearning

At midday the temperature in Moscow was 7°C.
At midnight it was -3°C.
By how many degrees did the temperature fall?

Answers

Answer:

10 degrees C

Step-by-step explanation:

the difference between both temperatures is expressed by a subtraction

7 - -3 = 7 + 3 = 10

you could also do the subtraction the other way around :

-3 - 7 = -10

but the negative sign has no meaning for a distance between two points (a distance itself has no direction).

so, we are always using the absolute value of such difference calculations (when it is about lengths, distances, and so on, where the direction had no meaning).

and so, also the -10 is actually simply 10 for our problem here.

the temperature fell by 10 degrees.

Which of the diagrams below represents the statement "If it is a tree, then it
has leaves"?
has leaves
tree
tree
has leaves
Figure A
Figure B
O A. Figure A
O B. Figure B

Answers

The correct answer is A. Figure A.

What is mathematical statement?

A mathematical statement is a declarative sentence that expresses a truth or falsehood using mathematical symbols. It is usually made up of two terms that are related by an operator, such as an equals sign. Mathematical statements can be used to prove results, solve equations, and make predictions about the behavior of systems.

This diagram represents the statement "If it is a tree, then it has leaves" because the top box is labeled "tree" and the bottom box is labeled "has leaves". The arrow running between them indicates that if the condition of the top box is true, then the bottom box is also true. This is an example of a conditional statement.

To know more about mathematical statement click-
https://brainly.com/question/27839142
#SPJ1

Which is shown by the map

Answers

Answer:

A

Step-by-step explanation:

Well I am not fully sure but I would say A

Write equation for the line with a slope "undefined" and has the same x-intercept as x−y−1=0

Answers

Answer:

Step-by-step explanation:

Lines with undefined slopes are perfectly vertical, of the form "x = ". A line with "the same x-intercept" as the given line that has an undefined slope will be the line that we want. I know that sounds confusing; we'll work through it then I'll explain it better. In order to find the x-intercep of the given line, solving it for y will make it a bit easier to "see". Therefore,

-y = -x + 1 and

y = x - 1. The x-intercept exists when y = 0, so setting y equal to 0 and solving for x:

0 = x - 1 and

1 = x. That's the x-intercept. It's also the line that we want that has an undefined slope, because "x = " lines are lines vertical lines and vertical lines have undefined slopes.

x = 1 is the line you want.

Answer Question Pls? I need Help!!

Answers

Answer:

option D

Step-by-step explanation:

Take the two through which the lines passes.

Let it be ( -5 , 0) and ( 0 , -3)

Step 1 : Find slope, m

     [tex]Slope,m = \frac{y_2 -y_1}{x_2 - x_1}[/tex]

                  [tex]= \frac{-3-0}{0--5} = \frac{-3}{5}[/tex]

Step 2 : Find the equation

      [tex](y - y_ 1) = m( x - x_1)\\\\( y - 0) = \frac{-3}{5} (x --5) \\\\y = -\frac{3}{5}( x + 5 ) \\\\y = -\frac{3}{5}x - 3[/tex]

Triangle ABC will be translated right 3 units and down 5 units to create triangle A'B'C'. What are the coordinates of B'?

Answers

Answer:

B'(4, 0)

Step-by-step explanation:

B (1, 5)

it translated right 3 units => x'=x+3

down 5 units => y'= y-5

Here are 30 best lifetime baseball batting averages of all time, arranged in order from lowest to highest

Answers

Here are the 30 best lifetime baseball batting averages of all time, arranged in order from lowest to highest: 0.330, 0.331, 0.331, 0.333, 0.333, 0.333, 0.334, 0.334, 0.334, 0.336, 0.337, 0.338, 0.338, 0.338, 0.340, 0.340, 0.341, 0.341, 0.342, 0.342, 0.342, 0.344, 0.344, 0.345, 0.346, 0.349, 0.356, 0.358, 0.366, 0.371.
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