Use the following formula for compound interest. If P dollars is invested at an annual interest rate r (expressed as a decimal) compounded n times yearly, the amount A after t years is given by

A= P(1+ r/n)^nt

Required:
What rate of interest is required so that $1000 will yield $1900 after 5 years if the interest rate is compounded monthly?

Answers

Answer 1

Answer:

12.906%/year

Step-by-step explanation:

Given data

Principal= $1000

Final Amount= $1900

Time= 5 years

The compound interest formula is given as

A= P(1+ r/n)^nt

Solving for rate r as a decimal

r = n[(A/P)1/nt - 1]

r = 12 × [(1,900.00/1,000.00)1/(12)(5) - 1]

r = 0.12906

Then convert r to R as a percentage

R = r * 100

R = 0.12906 * 100

R = 12.906%/year


Related Questions

You can afford a $1050 per month mortgage payment. You've found a 30 year loan at 7% interest.
a) How big of a loan can you afford? Round your answer to the nearest dollar.
S
b) How much total money will you pay the loan company? Round your answer to the
nearest dollar.
C) How much of that money is interest? Round your answer to the nearest dollar.
S
Question Help: D Postito forum
Submit Question

Answers

9514 1404 393

Answer:

loan: $157,823repaid: $378,000interest: $220,177

Step-by-step explanation:

For a loan value of 1, the monthly payment on a 30 year loan at 7% is ...

  A = (0.07/12)/(1 -(1 +0.07/12)^(-12·30)) ≈ 0.00665302495

Then the amount repaid after 360 payments is ...

  360A = 2.39508898 . . . times the principal amount

__

a) For a monthly payment of $1050, the principal can be ...

  $1050/0.00665302495 ≈ $157,823

__

b) The amount repaid to the loan company is ...

  $157,823×2.39508898 ≈ $378,000

__

c) The amount that is interest is ...

  $378,000 -157,823 = $220,177

From the information given, (a) construct the indicated sample space and (b) answer the probability question.
a. A couple planning to have three children.
b. Find the probability of having exactly one girl.

Answers

Answer:

(a) 3 (b) 1/3

Step-by-step explanation:

The probability is defined as the ratio  of number of elements in event to the number of elements in sample space.

(a) As the total number of child is 3, so the number of elements in sample space = 3

(b) The sample space is { boy, boy, girl}

So, the probability is 1/3.  

Jasmine bought a game system
that cost $299 before tax. The total
including sales tax was 1.07 times
the price. A discount was then
applied by multiplying the total price
by 0.90. What was the total cost of
the game system including the sales
tax and discount?

Answers

9514 1404 393

Answer:

  $287.94

Step-by-step explanation:

The final cost is found by multiplying the cost by the various factors:

  $299 × 1.07 × 0.90 ≈ $287.94

whenever a,x,y are positive integers, which of the following expressions is equivalent to x^ay^a

Answers

Answer:

[tex]{(xy)}^{a} [/tex]

Step-by-step explanation:

when the exponent is equal, we can put the x and y together in a bracket and a as the Exponent of xy.

Hope I get your question~

As percents of the whole, how big are the following?

Answers

Answer:

A= 1%

B=10%

C= 32%

Step-by-step explanation:

There are 100 total squares, which makes this easy because a percent is out of 100%. All you have to do is count the number of squares and put it out of 100

(3^3 × 3^2 ÷ 3^6)^-4

Answers

[tex]{\huge{\boxed{\boxed{\red{\bm{\mathsf{Answer}}}}}}}[/tex]

[tex]{\huge{\frac{3^3×3^2}{3^6}^-4}}[/tex]

[tex]{\huge{\frac{3^5}{3^6}^-4}}[/tex]

[tex]{\huge{\frac{1}{3}^-4}}[/tex]

[tex]{\huge{=81}}[/tex]

[tex]{\large{\bm{\mathsf{Be\:Brainly}}}}[/tex]

Answer:

81

Step-by-step explanation:

(3^3 × 3^2 ÷ 3^6)^-4

(27 * 9/ 729)^-4

(243/729)^-4

(1/3)^-4

81

What is the answer for this one

Answers

Answer: 2617 centimeters cubed

Step-by-step explanation:

The formula for finding volume of a cylinder is [tex]V=\pi r^2h[/tex]

The radius is half of the diamerter which will be 7 for this figure.

The height is marked 17

[tex]\pi 7^2(17)\\\pi (49)(17)\\833\pi \\[/tex]

833π is about 2616.95

Rounded to the nearest whole number it is 2617

When the variable is on both sides of the inequality it must be isolated on one side and it doesn’t matter which side

Answers

Answer:

True

Step-by-step explanation:

Answer:

Isolate the variable and then use substitution to solve the system of equations.

Step-by-step explanation:

.

Two-fifths of one less than a number is less than three-fifths of one more than that number. What numbers are in the solution set of this problem?
x less-than negative 5
x greater-than negative 5
x greater-than negative 1
x less-than negative 1

Answers

Answer:

B

Step-by-step explanation:

Let the number = x

2/5 (x - 1)

<

3/5 (x + 1)

2/5 (x - 1 ) < 3/5(x+ 1)      Multiply both sides  by 5

2(x - 1) < 3 ( x + 1)            Remove the brackets.

2x - 2 < 3x + 3                Add 2 to both sides

2x < 3x + 5                     Subtract 3x from both sides

2x - 3x < 5              

- x < 5                            Here's the tricky part . Divide by - 1

x > -5                             Notice what happened. The < become > That happens because you have divided (or multiplied) by a negative number.

The original question 2/5 (x - 1 ) < 3/5(x+ 1)    was graphed. The red part is every value that satisfies the inequality. You should be using a y and x together to find a more suitable answer using this program. But if you just look along the x axis, you will see that the < has been turned around.

B The second one from the top.

Solve mentally. See the image below.

Answers

37.5% of 20 is 7.5 so the answer is 37.5%

Answer:

7.5 is 37.5% of 20.

Step-by-step explanation:

Solve for %

We know that ; % = given no. ÷ total no. × 100

Where, we've

Given number = 7.5and Total number = 20

plug the values

[tex] \small \sf \frac{7.5}{20} \times 100 \\ [/tex]

canceling 100 by 20 to get

7.5 × 5

multiply the numbers

37. 5 %

Zagia is taking a bicycling trip across the United States. Her destination is 3, 150
miles away. If Zagia travels 90 miles per day, how far does she have left to travel
after 20 days of bicycling?
The distance left after 20 days is
miles.

Answers

Answer: The distance left after 20 days is 1350 miles

Step-by-step explanation:

To calculate the distance, we use the formula:

[tex]s=\frac{d}{t}[/tex]

where,

s = speed of the bicycle = 90 miles/day

t = time taken = 20 days

d = distance travelled = ? miles

Putting values in above equation, we get:

[tex]d=(90miles/day\times 20days)=1800 miles[/tex]

Total distance to the destination = 3150 miles

Distance travalled in 20 days = 1800 miles

Distance left after 20 days = [3150 - 1800] = 1350 miles

Hence, the distance left after 20 days is 1350 miles

work out the value of 6.8x10^2 x 1.3x10^-3

Answers

Answer:

0.884

Step-by-step explanation:

just use a calculator

HELP HELP HELP HELP solve this

Answers

Answer:

77

Step-by-step explanation:

Expand & simplify ( 3 x − 2 ) ( 3 x - 2 ) + ( x + 6 ) ( x − 8 )​

Answers

Answer:

x=2,92 or x=_1.51

Step-by-step explanation:

factories out all the brackets first

(3x_3)(3x_2)+(x+6)(x_8)

9x^2_6x_6x+4+x^2_8x+6x_48

add and sutract only like terms

10x^2_14x_44

solve the equation using the quadratic fomula

x =2.91 and x= _1.51

What is the unit rate for 297 miles on 11 gallons of gas?

Answers

Answer:

27 miles per gallons

Step-by-step explanation:

Take the number of miles and divide by the number of gallons

297 miles / 11 gallons

27 miles per gallons

An expression is shown below.
3m + 9
Which expression is equivalent to the given expression?
A 12m
B 3(m + 3)
C 27m
D 3(m + 9)

Answers

Answer:

B 3(m + 3)

Step-by-step explanation:

A 12m  no constant

B 3(m + 3)  Distribute 3m +9  yes

C 27m  no constant

D 3(m + 9)  Distribute 3m +27  wrong constant

Calculate the number of vertices in a full 5-ary tree with 35 internal vertices.
Also, find out the number of leaves

Answers

Answer:

Step-by-step explanation:

With 35 internal nodes, there are 5*35=175 vertices out of which are 175-35=140 leaves.

The number of vertices in a full 5-ary tree is 175.

The number of leaves is 140.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

Number of full trees = 5

Number of internal vertices = 35

Now,

The number of vertices.

= 5 x 35

= 175

Now,

The number of leaves.

= 175 - 35

= 140

Thus,

Number of vertices is 175.

Number of leaves is 140.

Learn more about expressions here:

https://brainly.com/question/3118662

#SPJ2

Find the measure of angle X. The horizontal lines are parallel. HINT: The sum
of all interior angles in a triangle is 180 degrees.

Answers

Answer:  x = 112 (choice D)

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

Explanation:

The angle adjacent and supplementary to the 107 degree angle is 73 degrees because 107+73 = 180.

Or you could say 180 - 107 = 73.

The base angles of the upper isosceles triangle are 73 degrees each, which means the third remaining angle (let's call it y for now) is

73+73+y = 180

146+y = 180

y = 180-146

y = 34

Refer to the diagram below. Notice how the 34 degree angle shows up twice because we have vertical angles. Consequently, the base angles of the bottom isosceles triangle are y = 34 degrees each

We can now solve for x

y+y+x = 180

34+34+x = 180

68+x = 180

x = 180-68

x = 112, so the answer is choice D

which of the following exponential functions represents the graph below?

[tex] a.\: \: \: \: \: \: f(x) = 5 • ( \frac{1}{4}) {}^{x} [/tex]
[tex] b. \: \: \: \: \: \: \: \: \: \: \ f(x)5•4 {}^{x} [/tex]
[tex]c .\: \: \: \: \: \: f(x) = 4• ( \frac{1}{5}) {}^{x} [/tex]
[tex]d. \: \: \: \: f(x)=4•5 {}^{x} [/tex]


Answers

Step-by-step explanation:

the answer is not a and b because when we accept 0 from x and look at graphic you can see 4

Avery's piggy bank has 300 nickels

Answers

Answer:

Step-by-step explanation:

?

The should be 15$ if that’s what you’re asking

24.
What is the value of x to the nearest tenth?
A. 4.8
B. 9.2
C. 7.2
D. 12.0

Answers

I'm not sure it its prob D

b.) The number of boys and girls in a class are in the ratio 9:3. The number of boys is 16 more
than the numbers of girls. What is the total class strength​

Answers

Answer:

9/3::16x/X

Step-by-step explanation:

do in this way the answer will come

Answer:

32 students

Step-by-step explanation:

9 : 3

9 - 3 = 6

6 : 16

9 + 3 = 12

12 : y

[tex]\frac{6}{16} :\frac{12}{y}[/tex]

y · 6 = 12 · 16

6y = 192

6y ÷ 6 = 192 ÷ 6

y = 32

Balance m - 16=35 image attached

Answers

Answer:

B

Step-by-step explanation:

You're trying to isolate the m so add 16 to both sides to cancel the -16

Please help, What equation is always true?

Answers

Answer:

4. m<7 = m<3 + m<2

Step-by-step explanation:

Recall: the exterior angle theorem of a triangle states that an exterior angle is equal to the sum of the two opposite interior angles of a triangle.

❌Option 1 CANNOT be true

Rationale:

m<1 is an exterior angle of triangle ∆ABC and ∆EBC, so based on the exterior angle theorem of a triangle, m<1 = m<3 + m<4 or m<1 = m<ABC + m<5

❌Option 2 CANNOT be true.

Rationale:

m<5 ≠ m<3 - m<2

❌Option 3 CANNOT be true.

Rationale:

m<6 ≠ m<3 - m<2

✅Option 4 is CORRECT.

Rationale:

Based on the external angle theorem of a triangle,

m<7 = m<3 + m<2

What is the length of leg s of the triangle below?
459
872
90+
45
A. 8
B. v
C. 8-12
D. 4.2
E. 1
F. 2

Answers

Answer:

option A

Step-by-step explanation:

take 45 degree as reference angle

using sin rule

sin 45 = opposite / hypotenuse

[tex]\frac{1}{\sqrt{2} }[/tex] = s/[tex]8\sqrt{2}[/tex]

[tex]\frac{1}{\sqrt{2} } *8\sqrt{2}[/tex] = s

root 2 and root 2 gets cancel

8 = s

La temperatura exterior era de 8 grados a la medianoche. La temperatura bajó 5 grados durante cada una de las siguientes 3 horas. ¿Cuál era la temperatura a las 3 a.m.?​

Answers

Answer:

A las 3 AM la temperatura era de -7 grados.

Step-by-step explanation:

Dado que la temperatura exterior era de 8 grados a la medianoche, y la temperatura bajó 5 grados durante cada una de las siguientes 3 horas, para determinar cuál era la temperatura a las 3 a.m. se debe realizar el siguiente cálculo:

8 - (3 x 5) = X

8 - 15 = X

-7 = X

Por lo tanto, a las 3 AM la temperatura era de -7 grados.

express 0.484848..... in p/q form​

Answers

Answer:  16/33

It's in p/q form where p = 16 and q = 33.

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

Work Shown:

x = 0.484848.....

100x = 48.4848.....

I multiplied both sides by 100 to move the decimal over 2 spots. Both decimal values for x and 100x have an infinite string of "48"s repeated after the decimal point. When we subtract, those infinite strings will cancel out

100x - x = 99x

48.4848..... - 0.484848..... = 48

So after subtracting straight down, we have the new equation 99x = 48 which solves to x = 48/99

Divide both parts by the GCF 3 to fully reduce

48/3 = 16

99/3 = 33

Therefore, x = 48/99 = 16/33 = 0.484848...

I recommend using a calculator to confirm that 16/33 = 0.484848...

Side note: your calculator may round the last digit, but this is of course rounding error

How many inches are in 1.8 yards?​​

Answers

Answer:

64.8 inches is the correct answer.

Step-by-step explanation:

64.8in

1.8 yards is 64.8 inches

There are 12 people in an office with 3 different phone lines. If all the lines begin to ring at once, how many groups of 3 people can answer these lines

Answers

Answer: the required answer is 1320

Step-by-step explanation:

Total people = 12

Different phone lines = 3

We will choose the person to answer the first phone in 12 ways.

Then choose the second person in 11 ways. (11 people left)

Then choose the third person in 10 ways.  ( 10 people left)

The number of groups of 3 people can answer these lines[tex]12 \times11\times10=1320[/tex]

Hence, the required answer is 1320

The probability distribution for a random variable x is given in the table X: -5,-3,-2,0,2,3 Probability: .17,.13,.33,.16,.11,.10 Find the probability that -2<_x<_2

Answers

Answer:

0.6 probability that [tex]-2 \leq x \leq 2[/tex]

Step-by-step explanation:

The probability distribution is given in the table.

Probability that x is between -2 and 2.

Between -2 and 2, inclusive, we have -2, 0 and 2. So

[tex]P(-2 \leq x \leq 2) = P(X = -2) + P(X = 0) + P(X = 2)[/tex]

From the table:

[tex]P(X = -2) = 0.33, P(X = 0) = 0.16, P(X = 2) = 0.11[/tex]. So

[tex]P(-2 \leq x \leq 2) = P(X = -2) + P(X = 0) + P(X = 2) = 0.33 + 0.16 + 0.11 = 0.60[/tex]

0.6 probability that [tex]-2 \leq x \leq 2[/tex]

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