Freddie invests £6600 in an account that pays 3 % compound interest per annum for the two years, then 1 % . Work out how much money Freddie will have in his account in 8 years.

Answers

Answer 1

Using compound interest, it is found that Freddie will have £7433 in his account in 8 years.

What is compound interest?

The amount of money earned, in compound interest, after t years, is given by:

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

In which:

A(t) is the amount of money after t years. P is the principal(the initial sum of money). r is the interest rate(as a decimal value). n is the number of times that interest is compounded per year.

For the first two years, the parameters are given as follows:

P = 6600, r = 0.03, n = 1, t = 2.

Hence the amount is:

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

[tex]A(2) = 6600\left(1 + 0.03)^{2}[/tex]

A(2) = 7002.

For the final 6 years, the parameters are:

P = 7002, r = 0.01, n = 1, t = 6.

Hence the amount after 8 years is:

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

[tex]A(6) = 7002\left(1 + 0.01)^{6}[/tex]

A(6) = 7433.

Freddie will have £7433 in his account in 8 years.

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Related Questions

$800 invested at 5.25% simple interest for 4 yrs.

Answers

Answer:

14 dollars.

Step-by-step explanation:

With annual interest rate, 5.25 interest rate is $14.00

Answer:

$968

Step-by-step explanation:

800 × 0.0525 × 4 = 168 (interest)

168 + 800 = 968 (total)

If anyone can help I would really appreciate it!

Answers

Answer: y= 2/5 * x - 6

Step-by-step explanation:

y intercept

y= 2/5 x+b putting in the point 5,4

y=2/5 5+ b

4=10+b

b= -6

A bag of skittles contains only red, yellow, and green colors. The respective ratios are 1:3:5 for those three colors. If there are a total of 36 skittles in the bag, how many of each skittles red, yellow, and green are in the bag?

Answers

Answer:

Red skittles = 4 skittles

Yellow skittles = 12 skittles

Green skittles = 20 skittles

Step-by-step explanation:

A bag of skittles contains only red, yellow, and green colors.

The respective ratios are 1:3:5 for those three colors.

We have

red: yellow: green

1:3:5

The sum of the proportion = 1 + 3+ 5 = 9

If there are a total of 36 skittles in the bag, how many of each skittles red, yellow, and green are in the bag?

Hence,

Number of red skittles is calculated as:

1/9 × 36 skittles

= 4 skittles

Number of yellow skittles is calculated as:

3/9 × 36 skittles

= 12 skittles

Number of green skittles is calculated as:

5/9 × 36 skittles

= 20 skittles

Therefore, the number of

Red skittles = 4 skittles

Yellow skittles = 12 skittles

Green skittles = 20 skittles

I need help I'm confused

Answers

(4x+27) = (16x-21)
12x = 6
so x = 2
then you just add the 2 into where the x is placed

The following triangle is equilaterial triangle. Solve for the unknown variable.

Answers

Answer:

d

Step-by-step explanation:

Since the triangle is equilateral then the 3 sides are congruent, then

2x = 6 ( divide both sides by 2 )

x = 3

and

3y = 6 ( divide both sides by 3 )

y = 2

Thus x = 3 and y = 2 → d

CAN YOU PLS HELPS ME AND NO LINKS ALOUD.....PLS HELPS ME I WIL GIVE CROWN

Answers

Answer:

I'd say the first one, it is most common for states to have four or fewer roller skating rinks.

Have a lovely day/night! <3

the length of a rectangle is 7 cm more than its width and the area is 30 cm find the length, width and the perimeter

Answers

Answer:

Step-by-step explanation:

let width=x

length=x+7

x(x+7)=30

x²+7x-30=0

x²+10x-3x-30=0

x(x+10)-3(x+10)=0

(x+10)(x-3)=0

either x=-10 (rejected being negative)

or x=3

width=3 cm

length=3+7=10 cm

Perimeter=2(10+3)=2×13=26 cm

Can anyone help me out?????

Answers

Answer:

30

Step-by-step explanation:

12×5=60 60÷1/2=30

srry if I was wrong

12×5=60 60÷1/2=30 i hope it's right!! :)

welppppppppppppppppppppppppppppppppppppppp

Answers

Answer:

They are all acute triangles or iscoles triangles

Step-by-step explanation:

100 POINTS, MAHNIFIA PLEASE ANSWER!
SCAMMERS WILL NOT BE TOLERATED!

Answers

Answer:

- 3.4(21) = - 71.4

(- 2.3)(- 7.9) = 18.17

9.24 ÷ - 7 = -1.32

(- 8.5) ÷ (- 3.4) = 2.5

- 6.85 ÷ 0.5 = - 13.7

what is the slope and y-intercept to -3x + y = 1

Answers

Answer:

Slope = 3

Y intercept = 1

Step-by-step explanation:

Slope intercept form is

y = mx+b where m is the slope and b is the y intercept.

So in your question

-3x+y=1

add 3x to each side to get

y = 3x+1

3 is m

1 is b

so the slope is 3

the y intecept is 1

what is the greatest common multiple of 96,48,84

Answers

Answer: 12

Step-by-step explanation: 96-84=12

I dont really know how i did it I just did.

need help ASAP !!!

[tex] \sqrt{684 \times 684} [/tex]

Answers

Answer:

√(684×684)=√684²=±684

You flip a coin 30 times, about how many times would you expect to tails to appear?

Answers

Answer:

15 heads out of 30

Step-by-step explanation:

The total number of possible sequences of coin flips can be determined by raising the number of outcomes, which is 2 for any coin (heads or tails), to the power of the number of times the coin is flipped, given by the question as 30. Therefore,  230  is the total number of different sequences for 30 coin flips.

We can use combinatorial math to find the number of sequences with exactly 15 heads, which is 30 choose 15 or  (3015) . The probability we are looking for will be the number of sequences with 15 heads divided by the total possible sequences.

Now we can express the whole probability in math notation, and calculate an answer (rounded to 4 decimal places):

(3015)230=1551175201073741824≈0.1445≈14.45%

15 heads out of 30 is the most likely outcome when flipping 30 coins, if you run the same calculation with 14 or 16 heads you will get two equal, but smaller probabilities, same with 13 and 17 heads, and so on. If you graphed all of the outcomes, you will find it follows a normal distribution, or Bell curve, with the outcome of 15 heads, located at the peak.

If the coin is tossed 30 times then the expected value of the tails to appear is 15 which means tails will appear 15 times.

How to find that a given condition can be modeled by binomial distribution?

Binomial distributions consist of n independent Bernoulli trials.

Bernoulli trials are those trials that end up randomly either on success (with probability p) or on failures( with probability 1- p = q (say))

Suppose we have random variable X pertaining to a binomial distribution with parameters n and p, then it is written as

 

[tex]X \sim B(n,p)[/tex]

The probability that out of n trials, there'd be x successes is given by

[tex]P(X =x) = \: ^nC_xp^x(1-p)^{n-x}[/tex]

The expected value and variance of X are:

[tex]E(X) = np\\[/tex]

You flip a coin 30 times then the expected value will be

The probability of getting tails is 0.5 then the expected value will be

[tex]E(X) = 0.5 \times 30\\\\E(X) = 15\\[/tex]

Learn more about binomial distribution here:

https://brainly.com/question/13609688

The graph represents the average heights of boys in the United States from age two to age ten. A line of best fit has been drawn through the data.



Which statement describes the correlation coefficient?




The correlation coefficient will have a value very close to 0.


The correlation coefficient will have a value very close to 1


The correlation coefficient will have a value very close to –1.


The correlation coefficient will have a value very close to 0.5.

Answers

Answer:

A gotchu Just took the test got 100

Step-by-step explanation:

B

Answer:

The answer is B

Step-by-step explanation:

As it is very close to one because all the points are close together

A cargo plane flew from the US across the Atlantic at 280 mph, and flew back to the US at 300
mph. Given that the first trip took two hours longer, how long was the return trip?

Answers

Answer:

Step-by-step explanation:

300t=280(t+2)

300t=280t+560

20t=560

t=28

What is the distance between the points? Round to the nearest tenth if necessary.(-4,-8) (2,2)

Answers

Answer: [tex]2\sqrt{34}[/tex] or, as a decimal, 11.7.

Step-by-Step Explanation:

1. Use the distance formula and substitute the values of the two ordered pairs.

[tex]\sqrt{(2-(-4))^{2}+(2-(-8))^{2}}[/tex]...

2. Multiply -1 by -4.

[tex]\sqrt{(2+4)^2+(2-(-8))^2\\}[/tex] ...

3. Add 2 and 4.

4. Raise 6 to the power of 2.

[tex]\sqrt{36+(2-(-8))^2}[/tex]...

5. Multiply -1 by -8.

6. Add 2 and 8.

7. Raise 10 to the power of 2.

[tex]\sqrt{36+100}[/tex] ...

8. Add 100 and 36.

9. Rewrite 136 as 2² · 34.

10. After factoring 4 out of 136 and rewriting as ...  [tex]\sqrt{2^{2}(34)}[/tex], pull out terms from under the radical. It should look like this now: [tex]2\sqrt{34}[/tex]. That is your final answer!!

Hope that helps! Note: the unrounded decimal is 11.66190378.

(P.S. Can I have Brainliest please? Once someone else answers, of course...)

Plsssss help me this is urgent.
Which tank has the greater volume?
Tank A has a diameter of 10 ft and a height of 3 ft. Tank B has a diameter of 6 ft and a height of 8 ft

A.Tank B has a greater volume.

B.Tank A and Tank B have the same volume.

C.Tank A has a greater volume

Answers

Tank A has a greater volume.

Pam's eye–level height is 256 feet above sea level and Adam's eye–level height is 400 feet above sea level. What expression shows how much farther Adam can see to the horizon? In simplest terms, Adam can see a√b feet farther than Pam.

Answers

Answer:

B

A=2

B=6

Step-by-step explanation:

The expression that shows how much farther Adam can see to the horizon should be considered as the d = 400 - 256 and d = 256 - 400.

Calculation of the expression:

Since

Pam's eye–level height is 256 feet above sea level and Adam's eye–level height is 400 feet above sea level.

So here the expression be like The expression that shows how much farther Adam can see to the horizon should be considered as the d = 400 - 256 and d = 256 - 400.

Learn more about an expression here: https://brainly.com/question/4700495

1. TEMPERATURE Suppose the temperature
outside is dropping 3 degrees each
hour. How much will the temperature
drop in 8 hour?

Answers

it’ll drop by 24 degrees in 8 hours
3x8=24

Take a factor out of the square root:

Answers

Answer:

[tex]-y\sqrt{3}[/tex]

Step-by-step explanation:

Under the radical there is a perfect square, one can take the perfect square out, and write it by its square root. The result of taking the principal square root is always positive, but it is given that the perfect square factor is negative, thus, one must multiply the square root by the negative sign to ensure that the result is positive.

Answer:

[tex]-y\sqrt{3}[/tex]

Step-by-step explanation:

What is 1/12 divided by 36

Answers

Answer:

link to answer

https://visualfractions.com/calculator/divide-fractions/what-is-1-12-divided-by-36-36/

Answer:

This is 0.002 but I think you mean

36 divided by 1/12=

3

can i please get some help

Answers

Answer: x=0

Step-by-step explanation: This is number 9

12=-4(-6x-3)

-4(-6x-3)=12

-4(-6x-3)/-4=12/-4

-6x-3=-3

-6x-3+3=-3+3

-6x/-6=0/-6

x=0

Find the points of intersection of the circles.

Answers

Answer:

D. (5,0) and (5,10)

Step-by-step explanation:

Find the product. Express your answer as a mixed number in simplest form.

2 1/6 × 4 1/2

Answers

Answer: 1 1/2, 3/2, or 1.5

Step-by-step explanation: Convert expression into unproper fractions, 13/6, and 9/2. Then by changing 13/6 into a denominator with 2, you multiply and it equals 1 1/2.

A number b is increased by 6, and then the sum is doubled.

Answers

Answer:

2(b+6)

Step-by-step explanation:

Tyler invested $350 in an account paying an interest rate of 4.5% compounded
continuously. Assuming no deposits or withdrawals are made, how long would it
take, to the nearest tenth of a year, for the value of the account to reach $700?

Answers

Answer:

15.4 I did this on delta math

It would take approximately 15.4 years, to the nearest tenth of a year, for the value of the account to reach $700 with continuous compounding.

How to calculate compounding time?

The formula for calculating the future value (FV) of an investment with continuous compounding is:

[tex]FV = Pe^{rt}[/tex]

Where P is the initial principal, r is the annual interest rate (expressed as a decimal), t is the time period (in years), and e is the mathematical constant e (approximately 2.71828).

In this case, we have P = $350, r = 4.5% = 0.045, and we want to find the time t when the FV is $700. Substituting these values into the formula, we get:

[tex]700 = 350e^{0.045t}[/tex]

Dividing both sides by $350, we get:

[tex]2 = e^{0.045t}[/tex]

Taking the natural logarithm of both sides, we get:

[tex]ln(2) = ln\times e^{0.045t}[/tex]

Using the properties of logarithms, we can simplify this to:

ln(2) = 0.045t ln(e)

Since ln(e) = 1, we can simplify further to:

ln(2) = 0.045t

Finally, solving for t, we get:

t = ln(2) / 0.045 ≈ 15.4

Therefore, it would take approximately 15.4 years, to the nearest tenth of a year, for the value of the account to reach $700 with continuous compounding.

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PLEASE ANSWER THIS ASAP I WILL MARK YOU THE BRAINLIEST

Answers

You just literally mark the graph, you see the 1st points (2,12) go on the X axis to 2, then go up to 12 and mark that as a point. and continue with this tactic with the rest.

Answer:

I think this is correct. <3

sorry this isn’t in text form… But thank you if you’re willing to provide help!

Answers

Answer:

Blank 1: y=3x+10

Blank 2: y= 40

Step-by-step explanation:

Let the cost of gift wrap be y and the number of gifts be x.

Department

An upfront fee of $10 means that Mr Bentley needs to pay $10 first, and this $10 is only paid once on top of the cost of wrapping each gift.

y= 3x +10

Niece

A flat fee of $40 means that no matter how many gifts the niece wraps, Mr Bentley only pays $40.

y= 40

To find out when the two plans cost the same, equate the two equations together. Then, solve for x.

3x +10= 40

3x= 40 -10 (-10 on both sides)

3x= 30

x= 30 ÷3

x= 10

Thus when Mr Bentley has 10 gifts to be wrapped, the 2 plans costs the same.

Find the value or measure. Round answers to the nearest tenth, as needed.

Answers

Answer:

26

Step-by-step explanation:

Solve 9x-1 = 41-5x

9x-1 = 41-5x

   +1   +1

9x = 42-5x

+5x      +5x

14x = 42

/14     /14

x = 3

Plug in X for EF

41-5(3)

41-15

=26

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