You Deposit $5000 In An Account Earning 3% Interest Compounded Monthly. How Much Will You Have In Theaccount (2024)

Mathematics College

Answers

Answer 1

Compound interest, also known as interest on principal and interest, is the practice of adding interest towards the principal amount of a loan or deposit.

How does compound interest work?

The yearly interest rate is raised to the amount of compounded periods minus one, and the starting principal amount is multiplied by both of these factors. The resulting value is subsequently deducted from the loan's entire original amount.

P = $5,000 for the principle (initial investment)

Annual interest rate equals 0.03 (as a decimal)

t = the number of years (10).

Euler's number is e = 2.718281.

A = the sum at time t, or A = P·(e(rt))

[tex]\sf A = 5000(2.718281^{(0.03\times10)})[/tex]

[tex]\sf A = \$6,749.29[/tex]

After 10 years, you'll have $6,749.29 in your account.

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Related Questions

the following mapping statements describe the transformation of the vertices of the quadrilateral.

A(-3, 2)→ A'(-1,0)
B(-2, 2)→ B'(0, 0)
C(2, 1) → C'(0, -1)
D(-3, 1)→ D'(−1,−1)

which function correctly describes the transformation

1. (x,y) → (x+2, y+2)
2. (x,y) → (x +2, y)
3. (x,y) →(x+2, y-2)
4. (x,y) →(x,y -2)

Answers

Answer:1

Step-by-step explanation:

The triangle above has the following measures.
ma=7.5 y
Use the 45-45-90 Triangle Theorem to find the length of the hypotenuse. Include correct units.

Show all your work.

Answers

The length of the hypotenuse is 10.61 yd.

We have,

The sum of the angles in a triangle = 180

Now,

Two angles are 45.

This means,

The side opposite to angle 45 are equal.

So,

a = c

And,

a = 7.5 yd

Now,

Applying the Pythagorean theorem.

b² = a² + c²

b² = 7.5² + 7.5²

b² = 112.5

b = √112.5

b = 10.61

Thus,

The length of the hypotenuse is 10.61 yd.

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Guys I’m in 7th grade taking pre ap class for math so for STAAR I’m taking 8th grade math do you guys have any tips? Any Advice for me too remember everything?

Anything would help my test is on Wednesday

Answers

To memorize knowledge there are several tips that can help us. Some are: Repeat some knowledge from time to time to memorize them.

How to memorize knowledge?

To memorize knowledge there are several methods that can be useful when we need to learn something difficult. In this case, we must use some methods that can help us such as:

Practice Spaced Repetition: Spaced repetition is a memorization technique that involves repeating information at specific intervals.Create associations: Try to associate the information you are trying to memorize with something you already know.Use visualization: Visualization is a technique that consists of creating mental images of the information that you are trying to memorize.

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Which statement is true regarding the parallel and perpendicular lines in the diagram? k Parallel to n and w Perpendicular to m k Parallel to n and n Perpendicular to m w Parallel to n and n Perpendicular to m w Parallel to n and wPerpendicular to m

Answers

Answer:

Based on the diagram, we can see that there are four lines: k, n, w, and m. The relationship between these lines is important in understanding their geometric properties.

We can see that line k and line n are both straight lines and never intersect, which means they are parallel to each other. This is indicated by the two small arrows on line k and line n that are pointing in the same direction.

On the other hand, line w intersects line m at a right angle (90 degrees). This means that line w is perpendicular to line m. This is indicated by the small square in the corner where line w and line m meet.

Understanding parallel and perpendicular lines is important in many areas of mathematics and science, such as geometry, trigonometry, physics, and engineering.

Step-by-step explanation:

Answer:

The correct statement is: w is parallel to n and w is perpendicular to m.

Step-by-step explanation:

44. Dana attends a 90-minute dance class one day each week. Last week, she practiced
the following dances during class.
30 minutes on ballet
40 minutes on tap
20 minutes on jazz
Which display of data is most appropriate to show how Dana spent her practice
time in dance class last week?
A line plot
B circle graph
C
line graph
D tally chart

Answers

Answer:

B circle graph

Step-by-step explanation:

circle graph or pie chart is the best representation since bar chart is not present

88% of what number is 48

Answers

Answer:

54.55

Step-by-step explanation:

A bag contains 8 red pens, 7 blue pens, and 14 black pens. Denato wants to pull a blue pen from the bag.

How many desired outcomes should Denato use in his probability calculation?
a. 22
b. 8
c. 7
d. 14

Answers

The desired outcomes use in finding the probability of blue pens is 7.

Given that a bag contains 8 red pens, 7 blue pens, and 14 black pens. Denato wants to pull a blue pen from the bag.

We need to find desired outcomes for him to use in finding the probability of blue pens,

We know that the desired outcomes or the favorable outcomes are the same thing which is the number of the element of whose probability is to be find,

Here we are to find the probability of getting a blue pen and the number of blues pen is 7.

Hence the desired outcomes use in finding the probability of blue pens is 7.

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The coordinates of the midpoints of the four sides of a square are S(-4,11), Q(2,5), U(-4,-1), A (-10,5)

Answers

The perimeter and area of the square are; 24√2 units and 12 units² respectively

Given the coordinates of the midpoints of the four sides of a square are S(-4,11), Q(2,5), U(-4,-1), A (-10,5)

But since we have the midpoints of all the sides, we can assume they're equidistant from one another since the figure is a square.

SQ = √(x₂ - x₁)² + (y₂ - y₁)²

SQ = √(2 - (-4)² + (5 - 11)²

SQ = 6√2

Let's find QU

QU = √(-4 - 2)² + (-1 - 5)²

QU = 6√2

Let's find UA ;

UA = √(-10 - (-4))² - (5 - (-1)²

UA = 6√2

And the distance AS = 6√2

The perimeter of the square = 4 (6√2)

Perimeter = 24√2 units

The area of the square = l²

Area of the square = (6√2)²

Area of square = 12 units²

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What is 7 groups of 2/7?

Answers

7 groups of 2/7 is equivalent to the whole, which is represented by the number 2.

When we have 7 groups of 2/7, we are essentially multiplying the fraction 2/7 by the whole number 7. To perform this operation, we can use the following formula:

a/b × c/d = ac/bd

where a, b, c, and d are any numbers, and a/b and c/d are two fractions.

In our case, a is 2, b is 7, c is 7, and d is 1. This is because we want to multiply 2/7 by 7 to get 7 groups of 2/7. Therefore, we can substitute these values into the formula:

2/7 × 7/1 = (2 × 7) / (7 × 1) = 14/7

The result is a fraction 14/7, which can be simplified to 2. This means that 7 groups of 2/7 is equal to 2. To simplify this further, we can say that if we divide a whole into 7 equal parts, each part is 2/7. If we have 7 of these parts, we have the whole.

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Polygon ABCD with vertices at A(-4, 6), B(-2, 2), C(4,-2), D(4, 4) is dilated using a scale factor of to create polygon A'B'C'D'. Determine the vertices of polygon
4
A'B'C'D'.
OA(-3, 4.5), B(-1.5, 1.5), C(3, -1.5), D'(3, 3)
OA(-12, 18), B(-6, 6), C(12,-6), D'(12, 12)
OA(3, -4.5), B(1.5, -1.5), C(-3, 1.5), D'(-3,-3)
OA (4.5, -3), B(1.5, -1.5), C(-1.5, 3), D'(3, 3)

Answers

Answer:

The correct answer is: OA(3, -4.5), B(1.5, -1.5), C(-3, 1.5), D'(-3,-3).

To dilate a point using a scale factor of 4, we multiply each coordinate of the original point by 4.

Thus, the coordinates of A' are (-4 * 4, 6 * 4) = (-16, 24)

The coordinates of B' are (-2 * 4, 2 * 4) = (-8, 8)

The coordinates of C' are (4 * 4, -2 * 4) = (16, -8)

The coordinates of D' are (4 * 4, 4 * 4) = (16, 16)

To check our work, we can plot these points on a graph and compare with the original polygon:

Original Polygon:

A(-4, 6) B(-2, 2)

* *

\ /

\ /

\ /

\ /

\ /

* *

C(4,-2) D(4,4)

Dilated Polygon:

A'(-16, 24) B'(-8, 8)

* *

\ /

\ /

\ /

*

C'(16,-8) D'(16,16)

If we divide the coordinates of the dilated polygon by 4, we get the answer:

A'(-16/4, 24/4) = (-4, 6)

B'(-8/4, 8/4) = (-2, 2)

C'(16/4, -8/4) = (4, -2)

D'(16/4, 16/4) = (4, 4)

So the vertices of polygon A'B'C'D' are OA (3, -4.5), B(1.5, -1.5), C(-3, 1.5), and D'(-3,-3).

Which number is closest to 158 square root?
A:12.5
B:15.4
C: 13.55
D: 17.6

Answers

Answer: A

Step-by-step explanation:

Well when we use a calculator to determine the square root of 158 we get= 12.56980509.

And so option A woud be closest, smallest difference between all.

Answer: A

Step-by-step explanation: Square root of 158 simplified is 12.5698

Describe in your own words how to find the break-even point for a profit equation, and explain why that method works. Specifically, what is the condition mentioned in the reading that allows you to find the break-even point from a profit equation?

Answers

When a product's profits from sales equal its manufacturing costs, this is called the break-even point.

Since the break-even point is the point at which total costs and total revenues are equal, or "even," in economics, business, and specifically cost accounting.

Therefore, if opportunity costs were paid and capital received the expected return after adjusting for risk, there is no net loss or gain, and one has "broken even."

The break-even point is the point at which total cost and total revenue are equal in the realm of banking and economics.

The amount of units required to cover all costs is determined using the BEP analysis. Fixed and variable costs make up the overall cost in this case.

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i need the answer to number 6

Answers

Answer:

Step-by-step explanation:

the answer is 22

hoped this helped !

In a sporting event, the scoring area (shown here) consists of four concentric circles on the ice with radii of 4 inches, 3 feet, 5 feet, and 8 feetIf a team member lands a (43-pound) stone randomly within the scoring area, find the probability that it ends up centered on the given color

Answers

The probability that it ends up centered on the red color is 39/64.

Given that there are four concentric circles on the ice with radii of 4 inches, 3 feet, 5 feet, and 8 feet,

We need to find the probability that it ends up centered on the red color.

So,

The total area = 8²π = 64π

4 inches = 1/3 feet

So, the area of red part = (8²-5²)π = 39π ft²

So, the probability that it ends up centered on the red color = area of red part / total area

= 39/64

Hence the probability that it ends up centered on the red color is 39/64.

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Which of the following shows that the decimal expansion of 12/44 eventually repeats? What did you do to solve for the answer?

Answers

Answer:

answer A

Step-by-step explanation:

since 12/44 = 0.2727272727

what is 10x10 to the second power of 10

Answers

Answer:

10 * 10^10 is equal to 100,000,000,000

Ahmed placed salt water in a beaker and left it on his desk for a week. After a week, there was only salt. Which best explains the missing water from the beaker?

A. The water became a new substance. ​
B. The water evaporated. ​
C. The water disappeared forever. ​
D. The water condensed. ​

Answers

The water evaporated.

Option B is the correct answer.

We have,

When a liquid is left open in a container, it can undergo a phase change to become a gas or vapor, which is known as evaporation.

In this case,

The water in the beaker would have evaporated, leaving behind the salt. The water did not disappear forever but instead changed state to become a gas in the air.

Thus,

The water evaporated.

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Solve for the missing side length. Round to the nearest tenth.

5.8
5.2
5.4
5.6

Answers

Answer:

C) 5.4

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

Given two legs of a right triangle and we need to find the hypotenuse.

Use Pythagorean theorem:

[tex]PQ = \sqrt{QR^2+PR^2}[/tex][tex]PQ = \sqrt{2^2+5^2} =\sqrt{29} =5.385 = 5.4\ (rounded)[/tex]

The matching choice is C.

Please help and tysm <3

Answers

Answer: a and b

Step-by-step explanation:

Please help and show work

Answers

Answer:

5.25

Step-by-step explanation:

not much to show, go 3 topping across then up to see the price

Write the equation of the line that is parallel to x - 2 = 0 and passes through point (1, -2).

Answers

keeping in mind that parallel lines have exactly the same slope, let's check for the slope of the equation above

[tex]x-2=0\implies x=2\impliedby \textit{vertical line, }\underline{und efined~slope}[/tex]

Check the picture below.

Help me with this please

Answers

The value of x is 18.9( 1 decimal place).

What is trigonometric ratio?

The trigonometric functions are real functions which relate an angle of a right-angled triangle to ratios of two side lengths.

sin(tetha) = opp/hyp

cos(tetha) = adj/hyp

tan(tetha) = opp/adj

The inverse of sin , cos and tan are cosec, sec and cot respectively.

Here, opposite side to the angle is x and the adjascent is 17, therefore to calculate the value of x, we use tan function.

tan 48 = x/17

x = tan48 × 17

x = 1.111 × 17

x = 18.9( 1 d.p)

therefore the value of x is 18.9

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Ms. Patterson proposes to give her daughter Claire an allowance of $0.05 on the first day of her 14-day vacation, $0.10 on the second day, $0.20 on the third day, and so on. Find the allowance Claire would receive on the last day of her vacation.

Answers

The amount of allowance Claire would have on the 14th day is given by the geometric progression and a₁₄ = $ 409.60

Given data ,

The pattern in which the allowance is increasing is a geometric sequence with first term $0.05$ and common ratio $r=2$ since each term is twice the previous term.

The given GP has a common ratio of 2. We can find the 14th term using the formula:

aₙ = arⁿ⁻¹

Here, a1 = 0.05 and r = 2. Therefore,

a₁₄ = 0.05 * 2^(14-1)

a₁₄ = 0.05 * 2^13

a₁₄ = 0.05 * 8192

a₁₄ = 409.6

Hence , the 14th term of the given GP is $ 409.60

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What is the surface area of the image below I’ll give b brainliest

Answers

Answer: it's 300cm, hope this helps

Identify the conic basic. x^2-4x+y^2+2y=4

Answers

The type of the conic basic x² - 4x + y² + 2y = 4 is a circle

Identifying the type of the conic basic

From the question, we have the following parameters that can be used in our computation:

x² - 4x + y² + 2y = 4

The above equation has the following features

Squared expression of x and yLinear expressions of x and yA constant term 4

Using the above as a guide, we have the following:

A conic section that has the above features is a circle

This means that the type of the conic basic is a circle

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need help will give brainlist

Answers

Answer:b

Step-by-step explanation:

At the toy store, 3 toy cars cost $2.46. How much does it cost to buy 25 toy cars?

Answers

Step-by-step explanation:

it says "college" in the headline of this question.

are you serious ?

this is an upper elementary or beginning of middle school problem.

if you have a problem with such a question in college, you really have a problem and would need intensive tutoring (you need to recover everything from the beginning of math).

in such problems, to find your way, always try to find the amount represented by 1 unit.

everything else can be then calculated in relation to that one unit.

3 cars cost $2.46

1 car costs therefore 1/3 of that :

2.46/3 = $0.82

and 25 cars cost then 25 times that of a single car :

0.82 × 25 = $20.50

in short, the direct approach is

$2.46 × 25/3 = $20.50

Find an equation of the line.Write the equation in the standard form.
Through (7,3)​; parallel to 8x−y=9.

Answers

As the line is parallel to the given line, the slopes of both lines are equal.

The given line 8x − y = 9 can be written in slope-intercept form as:

y = 8x - 9

Comparing with y = mx + b, we get slope m = 8.

Therefore, the slope of the line we need to find is also 8.

Using the point-slope form of the equation of a line, we have:

y - y1 = m(x - x1)

where (x1, y1) = (7, 3) and m = 8.

Substituting the values, we get:

y - 3 = 8(x - 7)

y - 3 = 8x - 56

y = 8x - 53

This is the equation of the line in slope-intercept form. To convert it to standard form, we move all the variables to the left-hand side:

-8x + y = -53

Therefore, the equation of the line in standard form is:

8x - y = 53.

Out 28 teenagers and adults people 12 adults attend a music concert what’s is the ratio of teenagers to attendees

Answers

The solution is: the ratio of teenagers to attendees is: 1:2.

Here, we have,

given that,

Out 28 teenagers and adults people 12 adults attend a music concert

now, we need to find the ratio of teenagers to attendees.

so, we have,

12 adults attend a music concert

total attendees = 28 teenagers and adults people

so, we get,

number of teenagers = 28 -12

= 14

so, the ratio of teenagers to attendees is:

14: 28

=1:2

Hence, The solution is: the ratio of teenagers to attendees is: 1:2.

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Suppose z varies inversely with t and that z = 10 when t = 12. What is the value of z when t = 5?

Answers

[tex]\qquad \qquad \textit{inverse proportional variation} \\\\ \textit{\underline{y} varies inversely with \underline{x}} ~\hspace{6em} \stackrel{\textit{constant of variation}}{y=\cfrac{\stackrel{\downarrow }{k}}{x}~\hfill } \\\\ \textit{\underline{x} varies inversely with }\underline{z^5} ~\hspace{5.5em} \stackrel{\textit{constant of variation}}{x=\cfrac{\stackrel{\downarrow }{k}}{z^5}~\hfill } \\\\[-0.35em] ~\dotfill[/tex]

[tex]\stackrel{\textit{"z" varies inversely with "t"}}{z = \cfrac{k}{t}}\hspace{5em}\textit{we also know that} \begin{cases} z=10\\ t=12 \end{cases} \\\\\\ 10=\cfrac{k}{12}\implies 120 = k\hspace{9em}\boxed{z=\cfrac{120}{t}} \\\\\\ \textit{when t = 5, what's "z"?}\qquad z=\cfrac{120}{5}\implies z=24[/tex]

You Deposit $5000 In An Account Earning 3% Interest Compounded Monthly. How Much Will You Have In Theaccount (2024)
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