Colton is going to invest $59,000 and leave it in an account for 10 years. Assuming
the interest is compounded daily, what interest rate, to the nearest hundredth of a
percent, would be required in order for Colton to end up with $94,000?

Answers

Answer 1

Answer:

4.66

Step-by-step explanation:

A=P(1+

n

r

)

nt

Compound interest formula

A=94000\hspace{35px}P=59000\hspace{35px}t=10\hspace{35px}n=365

A=94000P=59000t=10n=365

Given values

94000=

94000=

\,\,59000\left(1+\frac{r}{365}\right)^{365(10)}

59000(1+

365

r

)

365(10)

Plug in values

94000=

94000=

\,\,59000\left(1+\frac{r}{365}\right)^{3650}

59000(1+

365

r

)

3650

Multiply

\frac{94000}{59000}=

59000

94000

=

\,\,\frac{59000\left(1+\frac{r}{365}\right)^{3650}}{59000}

59000

59000(1+

365

r

)

3650

Divide by 59000

1.593220339=

1.593220339=

\,\,\left(1+\frac{r}{365}\right)^{3650}

(1+

365

r

)

3650

\left(1.593220339\right)^{1/3650}=

(1.593220339)

1/3650

=

\,\,\left[\left(1+\frac{r}{365}\right)^{3650}\right]^{1/3650}

[(1+

365

r

)

3650

]

1/3650

Raise both sides to 1/3650 power

1.000127613=

1.000127613=

\,\,1+\frac{r}{365}

1+

365

r

-1\phantom{=}

−1=

\,\,-1

−1

Subtract 1

0.000127613=

0.000127613=

\,\,\frac{r}{365}

365

r

365\left(0.0001276\right)=

365(0.0001276)=

\,\,\left(\frac{r}{365}\right)365

(

365

r

)365

Multiply by 365

0.046578745=

0.046578745=

\,\,r

r

4.6578745\%=

4.6578745%=

\,\,r

r

Convert to percent (multiply by 100)

r\approx

r≈

\,\,4.66\%

4.66%


Related Questions

If m\angle A=(6x+10)^{\circ}∠A=(6x+10) ∘ and m\angle B=(4x+30)^{\circ}∠B=(4x+30) ∘ , then find the measure of \angle B∠B.​

Answers

A=6 × + 10=88555%__/455

The base and height of a triangle are 9 yards and 10 yards respectively. Find the area of the triangle.

Answers

Answer:

45

Step-by-step explanation:

1/2×9×10

since the formula says half base times height, so therefore

Area =45

The queen of hearts, queen of diamonds, queen of spades, and queen of clubs are taken out of a deck of cards. They are to be put in 3 places on a table. In how many different ways can they be placed in the 3 spots?

Answers

Answer:

Hello There!!

Step-by-step explanation:

The answer is 52.

hope this helps,have a great day!!

~Pinky~

Y-Coordinate
What is the Y-coordinate for each point below? The
y-coordinates are your code. (Use decimals where applicable.)
D
A
B
-2
]]]]
A
D
2 3
4
The numbers together form your code

Answers

Answer:

A = -2

B = 2

C = 2

D = 3

Step-by-step explanation:

those are the y- coordinates

PLEASE HELP ME TO ANSWER THIS QUESTION.

A right pyramid PQRST has a rectangular base QRST. Given
that W is the midpoint of QS and RT, the lengths of QT = 8 cm,
TS = 6 cm and point P is vertically above point W, calculate
(a) PT, in cm, if PW = 12 cm
(b) the value of < PTR [angle PTR]

THANK YOU!!!​

Answers

Answer:

(a) PT = 13 cm

(b) <PTR = [tex]39.7^{o}[/tex]

Step-by-step explanation:

(a) Applying the Pythagoras theorem to QST, we have;

[tex]QS^{2}[/tex] = [tex]ST^{2}[/tex] + [tex]QT^{2}[/tex]

      = [tex]6^{2}[/tex] + [tex]8^{2}[/tex]

[tex]QS^{2}[/tex] = 36 + 64

       100

QS = [tex]\sqrt{100}[/tex]

     = 10

QS = 10 cm

Since QS = TR, then;

WT = [tex]\frac{1}{2}[/tex] TR

      = [tex]\frac{1}{2}[/tex] x 10

WT = 5 cm

Thus, applying Pathagoras theorem to PWT;

[tex]PT^{2}[/tex] = [tex]PW^{2}[/tex] + [tex]WT^{2}[/tex]

      = [tex]12^{2}[/tex] + [tex]5^{2}[/tex]

      = 144 + 25

[tex]PT^{2}[/tex] = 169

PT = [tex]\sqrt{169}[/tex]

    = 13

PT = 13 cm

(b) To determine <PTR, TR = 10 cm. Apply the required trigonometric function;

Cos θ = [tex]\frac{adjacent}{hypotenuse}[/tex]

Cos θ = [tex]\frac{10}{13}[/tex]

          = 0.7692

θ = [tex]Cos^{-1}[/tex] 0.7692

  = 39.7179

θ = [tex]39.7^{o}[/tex]

Therefore, <PTR = [tex]39.7^{o}[/tex]

Carl is buying a couch for $650
with a sales tax rate of 7.5%. How
much will Carl spend on sales tax?

Answers

Answer:

All you have to do is find out what 7.5 percent of 650 is.

Step-by-step explanation:

The answer would be 48.75 in sales taxes

48.75 in sales tax! tell me if im right or wrong lols

14. The Manilow family paid their electric bill using balanced billing all last year. The monthly
payment was m dollars. At the end of the year, the electric company told them they used more
electricity than they were billed for, and they owed d dollars. Express the value of the electricity
used by the Manilows last year algebraically.
Z

Answers

Answer:

12mx

Step-by-step explanation:

Given that

The monthly payment was m dollars

And, they used more electricity

We need to determine the value that should be expressed in algebraically

The Monthly payment is m dollars

Using balance billing, it would be mx dollars

So, the equation is

= mx × 12

= 12mx

hence, the same would be relevant and considered too

A kitchen table is being sold at a furniture store. These are the cost and revenue functions associated with the tables, where x
represents the selling price of a single table:
R(X) = -0.68x2 + 310x
C(x) = 43.6x + 36,176
Which two points represent breakeven for table sales?
(0, 36,176)
(140, 30,072)
(227, 35,330)
(260, 9,792)
(380, 19,608)

Answers

Answer:

(140, 30,072) and (380, 19608).

Step-by-step explanation:

We are given that the revenue function for selling the kitchen table given its price is:

[tex]R(x)=-0.68x^2+310x[/tex]

And the cost function is:

[tex]C(x)=-43.6x+36176[/tex]

At the breakeven point, the revenue equals the cost. Therefore:

[tex]R(x)=C(x)[/tex]

Substitute:

[tex]-0.68x^2+310x=-43.6x+36176[/tex]

We can solve for x.

Adding 0.68 to both sides and subtracting 310x from both sides yields:

[tex]0.68x^2-353.6x+36176=0[/tex]

We can use the quadratic formula:

[tex]\displaystyle x=\frac{-b\pm\sqrt{b^2-4ac}}{2a}[/tex]

In this case, a = 0.68, b = -353.6, and c = 36176. Substitute:

[tex]\displaystyle x=\frac{-(-353.6)\pm\sqrt{(-353.6)^2-4(0.68)(36176)}}{2(0.68)}[/tex]

Simplify:

[tex]\displaystyle x=\frac{353.6\pm\sqrt{26684.24}}{1.36}[/tex]

So, our two solutions are:

[tex]\displaystyle x=\frac{353.6+\sqrt{26684.24}}{1.36}\text{ or } x=\frac{353.6-\sqrt{26684.24}}{1.36}[/tex]

Use a calculator:

[tex]x\approx 380\text{ or } x\approx 140[/tex]

Our answers are:

(140, 30,072) and (380, 19608).

Answer:

(140, 30,072) and (380, 19608)

Step-by-step explanation:

i got it right

PLZ HELP I WILL MARK BRAINLIEST

Answers

Answer:

Image wont load can you explain the problem to me through comments pls?

Step-by-step explanation:

The only thing im sure of is that for the chart the first one is 2 and the second one is four but not sure about the equation
Hope it helps :)

round to nearest 1000 place
5932
26148
527061​

Answers

Answer:

5932-6000

26148-26000

527061-527000

2. Ask. Which of the following statements should occur?
A. x = 6:
B. x <3:
C. x> 0:
D. x ^ 2 x:
F. Leave the question unanswered

Answers

F is the answer
Step by step exploration

What is the approximate circumference of a circle that has a center at (6,2) and passes through the point (20,2)? (Use 3.14 as an approximation for pi)

answers : 126,88,63,44

Answers

Answer:

C = 88

Step-by-step explanation:

So, we know that the circle passes thru the point (20,2), and it's center is (6,2).

The general definition of a circle's radius is the distance from the center to any point on the circle!

Vertically, these points are the same - so if we just subtract 20 from 6 we know the distance between the center and this point on the circle!

[tex]20 - 6 = 14\\r=14[/tex]

Anyhow, we now know that the radius is 14. and the equation for a circle's circumference is as follows:

[tex]r2\pi \\or\\d\pi[/tex]

Insert the values into the equation....

[tex]C = 3.14(14)(2)\\C=87.92[/tex]

87.92 ≈ 88.00

Have a nice day, fam. Spread The Love <3

SOLVE

270.6 is 16 1/2% OF WHAT NUMBER?

WILL GIVE BRAINLIST




X
X
X
X
X
X
X

Answers

Answer:

approximately

1623.6

Step-by-step explanation:

16 1/2%=.165 which is approximately equal to 1/6, so we can just multiply the original number by 6.

Jessica records the number of winners at a Dunga teacher booth at the town fair as shown in the table if there is 750 contestants on Monday how many should Jessica expect to a Dunka teacher

Answers

Monday = np = 750 × 0.1204 = 90.3 = 90 winners.

Which is the graph of f(x) = 100(0.7)?

Answers

Answer:

f(x) = y = 70

Step-by-step explanationsince

since 100 · 0.7 = 70

      f(x) = y = 70

Answer:

Graph A. On a coordinate plane, a curve approaches y = 0 in quadrant 1 and curves up into quadrant 2. It goes through (2, 49) and (0, 100).

Step-by-step explanation:

Edge

please help me In exponents we have to write​

Answers

Answer:

1.  -3/13

2. (simplified) 8 / (exponential form) 2^3

3. 1265625/16384

4. 5

Step-by-step explanation:

no need for explanation just try the app Photo math (no space in the photo and math)

A photocopy machine can copy 42 pages every two minutes. How many pages can it
photocopy in 5 minutes?

Answer choices
4.2
420
105
21

Answers

Answer:

C. 105

Step-by-step explanation:

2 min → 42 pages5 min → x

Cross-multiply and solve for x:

x = 5*42/2x = 105 pages

Correct choice is C

I REALLY NEED HELP with this statistics question, it would mean a lot if someone could answer it, i will give you brainliest for the correct answer :)

Answers

Answer:

Best anwser to use is Mode. Where you have the most

Step-by-step explanation:

Can anyone help me out here?

Answers

Answer:

J. 19.7

Step-by-step explanation:

SOH(sine = opposite side/hypotenuse) CAH TOA

sin 80° = RS/20

=> 0.985 = RS/20

=> RS = 20 × 0.985 = 19.7

Find the area of the figure.

PLS I NEED HELP FAST!

Answers

55 ft

base + base2 / 2 x h

please help!!!!! What is the surface area of the right cone below?
slanted hight: 15
radius: 8
A. 1847 units2
B. 304 units2
C. 2487 units2
D. 4967 units

Answers

Answer:

Total surface area of cone = 578.28 unit²

Step-by-step explanation:

Given:

Slanted Hight of cone = 15 unit

Radius of cone = 8 units

Find:

Total surface area of cone

Computation:

Total surface area of cone = πr[l + r]

Total surface area of cone = (22/7)(8)[15 + 8]

Total surface area of cone = (22/7)(8)[23]

Total surface area of cone = (22/7)(184)

Total surface area of cone = 4,048 / 7

Total surface area of cone = 578.28 unit²

Someone help me in this one now please ​

Answers

Answer:

I think 300 plz don't crit me if I got it wrong

Step-by-step explanation:

Triangle TAB has a perimeter of 40 cm. Could the measures of the sides, as shown, actually represent the measures of the sides of a triangle? Justify your answer.

Answers

Answer:

NO

Step-by-step explanation:

The sum of the lengths of any two sides of a triangle is greater than the length of the third side. And this MUST true for ALL combinations

12 +8    IS NOT greater than 20

4x +2x+2 +x+3 = 40

7x +5=40

7x =3 5

x=5

side 4x  =  20

side x+3 = 8

side 2x+2 = 12

            20 +8 is bigger than 12

             20+12 is   bigger than 8

             12 + 8  IS NOT BIGGER than 20  (it's just the same)

I need to know the answer!

Answers

Answer:

As it says he is incorrect.

Step-by-step explanation:

To start, if you were to multiply something such as 5*1, then you would get the same number. Another example would be 8*0. Anything multiplied by 0 IS zero. He does give some valid answers, but there are also ones with smaller numbers. That is why Jackson is incorrect.

Brianna measures the temperature of two chemical samples. If the first sample measures -8 degrees Celsius and the second sample measures 24 degrees Celsius, what is the average temperature of the two samples? *

Answers

Answer: + 8 degrees

Step-by-step explanation: average (-8+24)/2= 16/2 degrees

Write down the first 4 terms of the sequence given by f(n) = 2n + 3

Answers

The first four terms of the sequence are 5,7,9, and 11
Explanation:
a1= 2×1+3= 5
a2= 2x2+3= 7
a3=2x3+3= 9
a4= 2x4+3= 11

Maria had $3,500 and invested it into an account with an annual
interest rate of 1.2%. If her investment were compounded monthly,
write an eqaution to find the value of her investment after t years.

Answers

Answer:

FV= $3,716.32

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $3,500

Interest rate (i)= 1.2% compounded monthly

First, we need to determine the monthly nominal interest rate:

Monthly interest rate= 0.012/12= 0.001

Now, to calculate the future value after 't' months, we need to use the following formula:

FV= PV*(1 + i)^t

For example, for 60 months:

FV= 3,500*(1.001^60)

FV= $3,716.32

Ill give brain just helpppp

Answers

Answer:

Hey, gm!

Step-by-step explanation:

With what? Let me know :)

Have a nice day <3

what do you need help with?! would be happy to help

DE is a midsegment of ABC . Find the value of x.​

Answers

Answer:

if from a to e is 6 un, then x maybe 6 un as well

Step-by-step explanation:

b. If the radius of a circle is r сm, what
is the measure of its circumference?​

Answers

Answer:

[tex]2 \times \pi \: \times r[/tex]

is the circumference of the circle

Answer:

Step-by-step explanation:

If the radius of a circle is r cm then

circumference = 2πr

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