Edgar accumulated $3,000 in credit card debt. If the interest rate is 50% per year and he does not make any payments for
3 years, how much will he owe on this debt in 3 years by compounding continuously?
Provide your answer below:

Answers

Answer 1

Answer:

$7,459.12

Step-by-step explanation:

The formula for continuous compounding is

A = Pe^(rt), where P is the original amount, A is the accumulated amount, r is the interest rate as a decimal fraction, and t is the number of years.  We want to know how much he will owe on this original $5,000 credit card debt after 2 years.

A = $5,000e^(0.20*2)

  = $7,459.12

Step-by-step explanation:

The formula for continuous compounding is

A = Pe^(rt), where P is the original amount, A is the accumulated amount, r is the interest rate as a decimal fraction, and t is the number of years.  We want to know how much he will owe on this original $5,000 credit card debt after 2 years.

A = $5,000e^(0.20*2)

  = $7,459.12


Related Questions

The solid below is made of twelve identical rectangular prisms. The overall dimensions of the composite solid are 36 inches (in.) by 36 inches by 24 inches. What is the volume, in cubic inches, of a single prism?

Whoever answers correctly will get Brainliest.

Answers

Answer:

A

Step-by-step explanation:

Volume of the solid = base x width x height = 36 x 36 x 24 = 31 104 in^3

Volume of one prism = total volume / 12 = 31 104 / 12 = 2592 in^3

How many fourths are equivalent to 2\8

Answers

Answer:

1/4

Step-by-step explanation:

8/8=1

6/8=3/4

4/8=2/4

2/8=1/4

I’m not sure I understand but imma say 1 or 2

Equations of Exponential Functions

Complete the table for the following function

Graph the function and describe what the graph looks like.

a. Increases in Quadrant III
b. Increases from left to right
c. Decreases from left to right
d. Decreases fin Quadrant II

Please select the best answer from the choices provided

Answers

Answer:

B. Increases from left to right

Step-by-step explanation:

I calculated it logically

9514 1404 393

Answer:

  b.  increases from left to right

Step-by-step explanation:

See below for a graph. The function increases at an increasing rate from left to right. It only exists in quadrants I and II.

Find the value of x and the value of MP

Answers

Answer:

the value of x is 5

MP is 38

HELP ME PLSSLSLLSLSLSSL BRAINLIEST

Which term best describes the shape of this distribution?

skewed right

skewed left

normal

uniform

Answers

Answer:

This looks like a UNIFORM distribution. There is no skewed and it's not a 'normal' distribution, which would be like a hill. does that make sense?

The image is showing the uniform distribution. The correct option is D.

What is uniform distribution?

The continuous uniform distribution or rectangular distribution is a family of symmetric probability distributions in probability theory and statistics. The distribution describes an experiment in which the outcome is arbitrary and falls between certain bounds.

It can be also defined as a uniform distribution is a type of probability distribution in which every possible outcome has an equal chance of occurring.

Given that the in the image there are vertical bars showing the approximate uniformity of the data.

Here, the data is varying uniformly therefore the shape is describing the uniform distribution.

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Given that MTW = CAD, which segments are corresponding parts of the congruent triangles?

Answers

Answer: MW = CD

Explanation: It would be this way because if you wrote the triangles out, MW would be in the same place as CD, making them corresponding.

The following segments are corresponding parts of the congruent triangles.

segment MT ≅ segment CA

segment TW ≅ segment AD

segment MW ≅ segment CD

What are congruent triangles?

Two triangles are said to be congruent if pairs of their corresponding sides and their corresponding angles are equal. They are of the same shape and size.

Given that

Triangle MTW = Triangle CAD

If two triangles are congruent then the corresponding sides and corresponding angles are congruent.

segment MT ≅ segment CA

{corresponding parts of the congruent triangles}

segment TW ≅ segment AD

{corresponding parts of the congruent triangles}

segment MW ≅ segment CD

{corresponding parts of the congruent triangles}

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What is the exact value of
sin

Answers

It has to be one of the negative answers. I’m not sure which one but I am sure it’s a negative number. :)

Find f(5): x2 + x + 5​

Answers

Answer:

20

Step-by-step explanation:

50 POINTS !!


PLEASE HELP !! ILL GIVE BRAINLIEST TO THE RIGHT ANSWERS.

Answers

Answer:

53 centimeters

Step-by-step explanation:

Answer: 53 centimeters

What is the slope of a line parallel to the line whose equation is3x−4y=8?
A:-4/-3
B:-3/-4
C:3/4
D:4/3

Answers

Answer:

i think 3/4

Step-by-step explanation:

Answer:

3/4

Step-by-step explanation:

please help i suck at math

Answers

slope is rise/run
so, you go up 4 times and run across 3 times, this is a positive slope, so the slope is
slope: 4/3
the y-intercept is the line that passes the y-axis, (0, -5),
y-intercept: -5

put it together
4/3x-5

A bottle holds 2 pints. A cartoon holds 3 cups. What is the total the two containers hold in fluid ounces.

Answers

Step-by-step explanation:

3x8 is your answer

hopes this helps ^^

The difference of two numbers is 3. Their sum is 13.

Answers

Answer:

8 and 5

Step-by-step explanation:

The radius of a circle is 7 centimeters. What is the circle's area?
use 3.14 for pi

Answers

Answer:

153.86‬ cm^2

or

154 cm^2 (if you round it up)

Things to keep in mind:

    R - Radius

    A - Area

    Pi = 3.14

Step-by-step explanation:

A = Pi * R^2 = 3.14 * 7^2 = 3.14 * 49 = 153.86‬ (cm^2)

The solution is :

153.86‬ cm^2 or 154 cm^2 (if you round it up), is the circle's area.

What is area ?

Area is the measure of a region's size on a surface. The area of a plane region or plane area refers to the area of a shape or planar lamina, while surface area refers to the area of an open surface or the boundary of a three-dimensional object.

here, we have,

Things to keep in mind:

   R - Radius

   A - Area

   Pi = 3.14

now, given that,

The radius of a circle is 7 centimeters.

i,e. R = 7

so, we get,

A = Pi * R^2

  = 3.14 * 7^2

  = 3.14 * 49

  = 153.86‬ (cm^2)

Hence, 153.86‬ cm^2 or 154 cm^2 (if you round it up), is the circle's area.

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If you invest $20,500 in an account yielding 4.95% interest compounded semi-annually. How much will be in the account after 10 years?

Answers

Answer: 33428.15.

Step-by-step explanation:

Answer:

In 10 years you would have saved $33,428.15.

Explanation:

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

A = The final amount

P = The intial principal balance: $20,500

R = The interest rate: 4.95%

N = The number of times interest is applied per period: Semi annually (1.5)

T= The time periods elapsed: 10 years

A = 20,500 (1+4.95/1.5)^(1.5•10)


can someone help NO LINKS PLEASE or i will literally report you lol

Answers

Answer:

Rectangular Prism Volume = [tex]210cm^{3}[/tex]

Total Volume of Composite Figure = [tex]247.68cm^{3}[/tex]

Which of the following ordered pairs is a solution to y = 2X?
O (3,6)
O (3,9)
O (3.8)
O (3.27)

Answers

Answer:3,9

Step-by-step explanation:

PLEASE HELP MEEEE!!!

Answers

Answer:

x= 9

y= 3 root 3

Step-by-step explanation:

to find the shorter leg length you have: hypotenuse/2

[tex] \frac{6 \sqrt{3} }{2} = 3 \sqrt{3} [/tex]

to find the longer leg length you have: shorter leg × root 3

[tex]3 \sqrt{3} \times \sqrt{3} = 3 \sqrt{9 } = 3(3) = 9[/tex]

Look at picture please help 32 points!!

Answers

Answer:

SA = 112 cm²

Steps:

to solve this problem we have to calculate the surface area of the whole block and let be SA

first the surface area of the square pyramid:

the area of one triangle = (height × base)/2

given:

height = 6 cm

base = 4 cm

A = (6×4)/2

A = 24/2

A = 12 cm²

since it's a square triangle

then the surface area of the pyramid excluding the base:

Ap = A × 4

Ap = 12 × 4

Ap = 48 cm²

now the inferior part which is a rectangular prisme

Ar = 4(height×lenght)+lenght²

Ar = 4(3×4)+4²

Ar = 4×12+16

Ar = 48+16

Ar = 64 cm²

and now we can calculate the surface area of the whole block

SA = Ap + Ar

SA = 48 + 64

SA = 112 cm²

Last year, Jane spent $1,968 for natural gas. This year, she decided to use balance billing. What will her monthly
payment be this year?
A.$164 per month

B.$174 per month

C.$184 per month

Answers

Answer:

e a b $ 174 par month

Step-by-step explanation:

ar the

Jane's monthly payment this year using balance billing would be $164 per month.

What is Unitary Method?

The unitary technique involves first determining the value of a single unit, followed by the value of the necessary number of units.

To determine Jane's monthly payment this year using balance billing, we need to divide the total amount she spent last year ($1,968) by the number of months in a year.

Total amount spent last year = $1,968

Number of months in a year = 12

So, Monthly payment = Total amount spent last year / Number of months in a year

Monthly payment = $1,968 / 12

Monthly payment ≈ $164

Therefore, Jane's monthly payment this year using balance billing would be $164 per month.

Learn more about Unitary Method here:

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A gardener wants to build a new garden with a path around it. He wants the dimensions of the total space (garden and path) to be 16 feet by 14 feet. If he wants the total area of the garden to be 120 squared feet how wide should he make the path?

Answers

Answer:

The width of the park should be 7.5 feet.

25x25=625 took the test

Answers

Answer: Correct

Step-by-step explanation:

HELPPPPPPPPPPPPPPPPPPPPPPP

Answers

30

I DONT KNOW BUT THAT'S MY ANSWER HOPE IT HELP

Step-by-step explanation:

Is it +30 or - 30

If it was -ve under root it will be complex or imaginary number but it is a easy question

The circle graph shows how a family budgets its annual income. If the total annual income is $100,000, what amount is budgeted for Clothing? Savings 6% Insurance 11% Auto 14% Clothing 15% Food 18% Leisure 13% Housing 23%

Answers

Answer:

Step-by-step explanation:

125,000 x 16% = $20,000

(23%) 28,750 + (8%) 10,000 + (9%) 11,250 + (12%) 15,000 + (16%) 20,000 + (19%) 23,750 + (13%) 16,250 = $125,000

Answer:

15000

Step-by-step explanation:

15/100×100000

=$15000

ratiearbiteracy
toen we zui
ii
Ghics12
The average inflation rates for the period 2016 to 2017 are shown in the following iable.
2017
1 2018
Average Inflation rate 4,51%
6,59%
Cost of a brown bread
R9.99
A
8.1.1
Explain the meaning of the term inflation rate.
8.1.1
Calculate the cost of a loaf of brown bread in 2017 by using the average
inflation rates that are given in the table above.
ON NO: 3
: MAPS AND SCALES
ensure Learners know the following:
IBER/RATIO SCALE​

Answers

Explanation

Sorry but You gone have to higher the price for this, this is a big question.

PLSS ANSWER SOMEONE I ONLY HAVE A FEW MINUTES I GIVE POINTS

Answers

4 !!! it’s four . ik bec i counted it up to four

To participate in a baseball league, the required equipment for each player is a glove, a hat, and a pair of cleats. A glove costs $45.95, a hat costs $23.95, and a pair of cleats costs $28.95. What is the total cost for a team of 13 players?​

Answers

Answer:

Total cost for team: $1285.05

Step-by-step explanation:

45.95 + 23.95 + 28.95 = 98.85

98.85 * 13 = 1285.05

The answer is 1285.05

Explanation : Its just is

Is this correct? if not, tell me what is the correct answer

Answers

Answer:

I think this is right

Step-by-step explanation:

i need help figuring out this question

Answers

Answer:

nre, nre

Step-by-step explanation:

Given

[tex]4b^2 + 16 = 0[/tex]

Required

Solve

[tex]4b^2 + 16 = 0[/tex]

Subtract 16 from both sides

[tex]4b^2 +16 -16 = 0 - 16[/tex]

[tex]4b^2 = - 16[/tex]

Divide both sides by 4

[tex]b^2 = -4[/tex]

Take square roots of both sides

[tex]b = \sqrt{-4[/tex]

[tex]\sqrt{-4} \to[/tex] Complex number

Hence, no real root exist

Hello! Can you please help me on this math problem? =)



Find the area of the composite shape. Use 3.14 for π and round to the nearest hundredth.

Answers

Answer:

95.52

Step-by-step explanation:

[tex]\frac{13*6}{2} <= The area of the triangle\\6 = radius\\(6^{2} )* 3.14\\\frac{113.04}{2} +39\\95.52[/tex]

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