Austin is going to invest in an account paying an interest rate of 2.2% compounded daily. How much would Austin need to invest, , for the value of the account to reach $27,000 in 6 years?

Answers

Answer 1

Answer:

Principal, P = $23675.90

Step-by-step explanation:

Given the following data;

Interest rate = 2.2 %

Future value = $27000

Time = 6 years

Number of times = 365 days

To find the principal amount, we would use the compound interest formula;

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

Where;

A is the future value.

P is the principal or starting amount.

r is annual interest rate.

n is the number of times the interest is compounded in a year.

t is the number of years for the compound interest.

Substituting into the equation, we have;

[tex] 27000 = P*(1 + \frac{0.022}{365})^{365*6}[/tex]

[tex] 27000 = P*(1 + 0.000060)^{2190}[/tex]

[tex] 27000 = P*(1.000060)^{2190}[/tex]

[tex] 27000 = P*(1.1404)[/tex]

[tex] P = \frac {27000}{1.1404} [/tex]

Principal, P = $23675.90


Related Questions

Are 4(a - 3) and 4a - 7 equivalent expressions?

Answers

Answer:

Yes

Step-by-step explanation:

Given expression: 3x+9

Take 3 outside from the expression, we get,

= 3(x+3), which is called the equivalent expression

Answer:

No

Step-by-step

We have to multiply the 4 by both the a and the 3 since there a parenthesis around them. This would of course be distributive property. Since you don't know what a is, it would just be 4a and since we can multiply 4 and 3 that would be 12. So, 4(a - 3) is equivalent to 4a - 12.

Help ..................

Answers

Answer:

rang is 31

Step-by-step explanation:

The Surface are of a cylinder is 325 inches. The Lateral area is 200 in. What is radius of each base?

Answers

Answer:

The radius of each base is 4.46 inches.

Step-by-step explanation:

The surface area (SA) of a cylinder is given by:

[tex]SA = 2\pi rh + 2\pi r^{2} = 325[/tex]   (1)

Where:

r: is the radius of each base

h: is the height of the cylinder

Now, the lateral area (LA) is:

[tex]LA = 2\pi rh = 200[/tex]   (2)

Hence, by entering equation (2) into equation (1) we have:

[tex] SA = LA + 2\pi r^{2} [/tex]                  

[tex] 325 = 200 + 2\pi r^{2} [/tex]

[tex] r = \sqrt{\frac{325 - 200}{2\pi}} = 4.46 in [/tex]

Therefore, the radius of each base is 4.46 inches.

I hope it helps you!                                                                

Factor 16x+40y I don't know how to do this

Answers

Answer:

8(2x + 5y)

Step-by-step explanation:

You cant fact (take out) 8 from both 16 and 40 since 8 is a factor for both.

Step-by-step explanation:

=16x+40y

=8(2x+5y)

stay safe healthy and happy.

This reduction was drawn at a scale of 1 inch scaled to 4 feet actual. What is the actual height of the giraffe?

Answers

Answer:

5 inches tall i think

Step-by-step explanation:

sorry if its wrong

Fill in the missing number.
30% of __ =27

Answers

9514 1404 393

Answer:

  90

Step-by-step explanation:

The number that goes in the blank is x, where ...

  0.30x = 27

Dividing by 0.30, we find ...

  x = 27/0.30 = 90

Then ...

  30% of 90 = 27

What is the volume of the rectangular prism?
3 cm
3 cm
3 cm

Answers

Answer:

Step-by-step explanation:

9

hi the answer is V=whl

Please do it step by step!

Answers

9514 1404 393

Answer:

  80 in^3

Step-by-step explanation:

The volume of a pyramid is given by the formula ...

  V = 1/3Bh

where B is the area of the base, and h is the height of the pyramid. Here, h=8 in.

__

Here, the base is a triangle. The formula for its area is ...

  A = 1/2bh

where b is the base segment of the triangle, and h is the height of the triangle perpendicular to the base segment. Here, b=10 in, and h = 6 in.

The triangular base area is ...

  A = 1/2(10 in)(6 in) = 30 in^2 . . . . base area "B"

__

Using the above base area and pyramid height, we find the volume of the pyramid is ...

  V = 1/3(30 in^2)(8 in) = 80 in^3

The volume of the pyramid is 80 cubic inches.

hey! please help i’ll give brainliest! if it lets me:)

Answers

Answer:

the answer is A

Step-by-step explanation: golf balls are lighter than bowling balls.

Answer:

first answer is correct answer

Toda expresión de la forma xn + yn tiene un factor con los signos alter nados, uno positivo y uno negativo.

Answers

????????????

Step-by-step explanation:

?????????

Please help !!! Number 11

Answers

Answer:

C) 153.9 in²

Step-by-step explanation:

14 ÷ 2 = 7

π = 3.14

3.14×7×7 = 153.9 in²

hope this helps!

Answer:

answer should be 154 but 153.9 in sq is the closest.

we have to find the area right?

Please help me!! Please!

Answers

Answer:

Step-by-step explanation:

The first answer choice is correct i ma 100% sure

Answer:

(-1.2,0.3)

Step-by-step explanation:

does this help you

Can anyone help me please

Answers

Answer:

A, E

Step-by-step explanation:

The mean of the pizza truck:

(400 + 800 + 1000 + 1000)/4 = 800

The mean of the burger truck:

(800 + 700 + 900 + 800)/4 = 800

A is correct, which voids answer C

The median of the pizza truck:

400, 800, 1000, 1000

              \     /

               900

The median of the burger truck

700, 800, 800, 900

            800

900>800 so E is correct, voiding all other answers

Can someone please help with this ASAP thank you

Answers

Answer:

2.7, 3, 6

Step-by-step explanation:

What is an equation of the form a b = c d b a ​ = d c ​ stating that two ratios are equivalent?

Answers

Answer:

true proportion

A true proportion is an equation that states that two ratios are equal. If you know one ratio in a proportion, you can use that information to find values in the other equivalent ratio.

hope it helps ya.

Can you give me brainliest? please?.ت︎

I need the answer to this ASAP

Answers

Answer:

x = 37

Step-by-step explanation:

These 2 angles are equal to each other because they're vertical angles:

2x = 74

2/2x = 74/2

x = 37

Answer:

The answer is 53

Step-by-step explanation:

74+2x=180

2x=180-74

X=106/2

=53 answer

Plz Mark it as brainliest answer

Round-Off 12579,18375 To The Nearest 10

Answers

Answer:

12579 nearest ten = 12580

18375 nearest ten =  18370

This figure is made up of two rectangular prisms what is the volume of the figure.

Answers

Answer:

10x3=30 6x12x19=1368 1368+30=1398

Given GH with endpoints (-7,3) andH (7. - 11), what are the coordinates of the
mielpoint of GH?

Answers

Answer:

Midpoint is (0, -4)

Step-by-step explanation:

x-coordinate of midpoint = (-7 + 7)/2 = 0/2 = 0

y-coordinate of midpoint = (3 - 11)/2 = -8/2 = -4

Midpoint is (0, -4)

Answer:

(0,-4)

Step-by-step explanation:

(x1 + x2/2,  y1 + y2/2)

(-7 + 7/2 ,  3 + -11/2)

(0/2,  -8/2)

(0,-4)

4 + 8x = -12
what is X?

Answers

Answer:

x=-2

Step-by-step explanation:

4+8x=-12

-4       -4

8x = -16

/8      /8

x   =   -2

Answer:

X=(-2)

Step-by-step explanation:

8(-2)=(-16)

so -16+4=(-12)

50 POINTS FOR THIS MATH QUESTION

Answers

Answer:

B; 1

Step-by-step explanation:

Firstly, we need to find the inverse of the given function

Let us have f(x) as y

To find the inverse, we set out to make x the formula subject

Thus;

y = √(3x + 6)

square both sides

y^2 = 3x + 6

3x = y^2 - 6

x = (y^2 - 6)/3

To write the inverse, replace y by x

So we have the inverse of the function as ;

(x^2 - 6)/3

So what we have to do here is to substitute 3 for x in the inverse

We have this as;

(3^2 -6)/3

(9-6)/3

= 3/3 = 1

Answer:

1 ( option B )

Step-by-step explanation:

The given equation is ,

[tex]\implies f(x) =\sqrt{ 3x + 6 }[/tex]

Now substituting y = f(x) , we have ,

[tex]\implies y=\sqrt{ 3x + 6 }[/tex]

For finding the inverse , Interchange x and y , we have ,

[tex]\implies x =\sqrt{ 3y + 6 }[/tex]

Now solve for y , we have ,

[tex]\implies x ^2=3y + 6 \\\\\implies 3y = x^2-6 \\\\\implies y =\dfrac{x^2-6}{3} [/tex]

Now replace y with f-¹(x) , we have ,

[tex]\implies f^{-1}(x) =\dfrac{x^2-6}{3} [/tex]

Now put x = 3 , we have ,

[tex]\implies f^{-1}(3) =\dfrac{3^2-6}{3}\\\\\implies f^{-1}(3) = \dfrac{9-6}{3}\\\\\implies \underline{\underline{ f^{-1}(3) = 1 }} [/tex]

Simplify
[tex]\frac{4\sqrt{6} }{\sqrt{30} }[/tex] by rationalizing the denominator. Show your work.

Answers

Answer:

[tex]\frac{4\sqrt{5} }{5}[/tex]

Step-by-step explanation:

Multiply the numerator and denominator by the conjugate.

OK BESTIES I NEED SOME HELP ASAP!!!

A two-dimensional cross section is taken of a three-dimensional object. If this cross section is a triangle, what can be the three-dimensional object?
A. Cone
B. Cylinder
C. Pyramid
D. Rectangular prism

Answers

Answer: C. Pyramid

Step-by-step explanation:

A cylinder is kind of like a paper towel roll.

A Rectangular prism is more like a cube.

A cone has a round part on the bottom.

And a Pyramid is this ...

hii! please help asap. i’ll give brainliest

Answers

Answer: 4

Step-by-step explanation: Arrange them in number order and cross one off on the left then the right to find the middle value which should be 4

Increase 20g by 10%

Answers

Answer:

22g ..................m

A watermelon that weighs 9 pounds costs $4.50.
What is the price per pound?

Answers

Answer:

0.5 cents per pound.

4.50/9 = 0.5

Please mark me brainliest! I hope this helps!

$2
Divide 9 by 4.50
Have a good day :)

HELP IT'S DUE IN 2 MINUTES

Answers

Answer:

D) 2² × 3³ × 7

Step-by-step explanation:

Hope this helps! Have a nice day :)

Its D
2^2•3^3•7=756

Abby earned $600 this past
summer babysitting. She decided
to put this money in a bank that
earns a 5% simple interest rate.
How many years will it take to
double her initial deposit?


do step my step equation or your answer gets reported for false info THANKSSS. I'll mark brainlist ​

Answers

Answer:

2 years

Step-by-step explanation:

5%× 600= $30

$30×2=$60

not sure if you will get what I mean but that's how I worked it out.

Answer:

[tex]I = \frac{PRT}{100}[/tex]

P= $600

R= 5%

[tex]I = \frac{600 \times \ 5 \times T}{100} = 30T\\\\[/tex]

A = double the deposit =2  600= $1200

[tex]A = I + P \\1200 = 30T + 600\\30T = 600\\T = 20[/tex]

anwers :
a. dotted
b. y=-x+4
c. y=x-4
d. y=x+1
e. solid
f. yes
g. no

Answers

Answer:

Those answers are correct

Principle = 30,000
Time = 4 years
Rate = 30
Then find the simple interest ?​

Answers

Answer:

[tex]\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline\color{brown}{Given:}}}}}}\end{gathered}[/tex]

[tex]{\dashrightarrow \sf{Principle = Rs.30000}}[/tex][tex]{\dashrightarrow \sf {Time = 4 \: years}}[/tex][tex]\dashrightarrow \sf{Rate = 30\%}[/tex][tex]\begin{gathered}\end{gathered}[/tex]

[tex]\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline\color{brown}{To Find:}}}}}}\end{gathered}[/tex]

[tex]\dashrightarrow{\sf{Simple \: Interest }}[/tex]

[tex]\begin{gathered}\end{gathered}[/tex]

[tex]\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline\color{brown}{Using Formula:}}}}}}\end{gathered}[/tex]

[tex] \dag{\underline{\boxed{\sf{ S.I = \dfrac{P \times R \times T}{100}}}}}[/tex]

Where

[tex]\dashrightarrow{\sf{S.I = Simple \: Interest }}[/tex][tex]{\dashrightarrow{\sf{P = Principle }}}[/tex][tex]{\dashrightarrow{\sf{ R = Rate }}}[/tex][tex] {\dashrightarrow{\sf{T = Time}}}[/tex]

[tex]\begin{gathered}\end{gathered}[/tex]

[tex]\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline\color{brown}{Solution:}}}}}}\end{gathered}[/tex]

[tex]{\quad {: \implies{\sf{ S.I = \bf{\dfrac{P \times R \times T}{100}}}}}}[/tex]

Substituting the values

[tex]{\quad {: \implies{\sf{ S.I = \bf{\dfrac{30000 \times 30\times 4}{100}}}}}}[/tex]

[tex]{\quad {: \implies{\sf{ S.I = \bf{\dfrac{30000 \times 120}{100}}}}}}[/tex]

[tex]{\quad {: \implies{\sf{ S.I = \bf{\dfrac{3600000}{100}}}}}}[/tex]

[tex]{\quad {: \implies{\sf{ S.I = \bf{\cancel{\dfrac{3600000}{100}}}}}}}[/tex]

[tex]{\quad {: \implies{\sf{ S.I = \bf{Rs.36000}}}}}[/tex]

[tex]{\dag{\underline{\boxed{\sf{ S.I ={Rs.36000}}}}}}[/tex]

Henceforth,The Simple Interest is Rs.36000..

[tex]\begin{gathered}\end{gathered}[/tex]

[tex]\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline\color{brown}{Learn More:}}}}}}\end{gathered}[/tex]

[tex]\begin{gathered}\begin{gathered}\begin{gathered}\begin{gathered}\begin{gathered} \dag \: \underline{\bf{More \: Useful \: Formula}}\\ {\boxed{\begin{array}{cc}\dashrightarrow {\sf{Amount = Principle + Interest}} \\ \\ \dashrightarrow \sf{ P=Amount - Interest }\\ \\ \dashrightarrow \sf{ S.I = \dfrac{P \times R \times T}{100}} \\ \\ \dashrightarrow \sf{P = \dfrac{Interest \times 100 }{Time \times Rate}} \\ \\ \dashrightarrow \sf{P = \dfrac{Amount\times 100 }{100 + (Time \times Rate)}} \\ \end{array}}}\end{gathered}\end{gathered}\end{gathered}\end{gathered}\end{gathered}[/tex]

Answer:

INTEREST=P*T*R/100

=30000*4*30/100

=3600000/100

=36000

Step-by-step explanation:

Therefore ,simple interest is 36000

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