Zachary invested $5,300 in an account paying an interest rate of 9 % compounded

continuously. Peyton invested $5,300 in an account paying an interest rate of 85%

compounded quarterly. After 9 years, how much more money would Zachary have in

his account than Peyton, to the nearest dollar?

Answers

Answer 1

Answer:625

Step-by-step explanation:

12048.7006-11423.8842

624.8164

$625

Answer 2

After 9 years, Zachary has $615.2 more than Peyton in his account.

What is compound interest?

A loan or deposit's interest is computed using the starting principle and the interest payments from the ago decade as compound interest.

We know that the compound interest is given as

A = P(1 + r)ⁿ

Where A is the amount, P is the initial amount, r is the rate of interest, and n is the number of years.

The equation is given as,

[tex]\rm P=P_oe^{rt}[/tex]

Zachary invested $5,300 in an account paying an interest rate of 9 % compounded continuously. Then the amount is calculated as,

[tex]\rm P = \$5,300 \times e^{(0.09\times 9)}\\[/tex]

P = $5,300 × 2.2479

P = $11,913.9

Peyton invested $5,300 in an account paying an interest rate of 85% compounded quarterly. Then the amount is calculated as,

[tex]\rm A = \$5,300 \times \left (1 + \dfrac{8.5}{400} \right )^{4 \times 9}[/tex]

A = $5,300 × 2.1318

A = $11,298.7

The difference is given as,

D = $11,913.9 - $11,298.7

D = $615.2

After 9 years, Zachary has $615.2 more than Peyton in his account.

More about the compound interest link is given below.

https://brainly.com/question/25857212

#SPJ5


Related Questions

Augustus ruled the roman empire from 27 BC to AD 14.For how many years did he rule?


Answers

Answer:

40 years

Step-by-step explanation:

He was also the first Roman Emperor

Mr.Millar's garden is in the shape of a trapezoid shown below. what is the area of his garden

Answers

Answer:

[tex]Area = 12.5m^2[/tex]

Step-by-step explanation:

Given

See attachment

Required

Determine the area

The area is calculated using:

[tex]Area = \frac{1}{2} * (Sum\ of\ parallel\ sides) * Height[/tex]

From the attached image:

The parallel sides are 4m and 6m respectively while the height is 2,5m

So, the area is:

[tex]Area = \frac{1}{2} * (4m + 6m) * 2.5m[/tex]

[tex]Area = \frac{1}{2} * 10m * 2.5m[/tex]

[tex]Area = 5m * 2.5m[/tex]

[tex]Area = 12.5m^2[/tex]

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Answers

Answer:

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Step-by-step explanation:

I put a link at the bottom to show you how i got my answer

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9x^3−64 to factored form

Answers

Answer: its 3(3x^3-8)

Step-by-step explanation:

Answer:
I don’t know if I’m wrong but I think the expression is not factorable with rational numbers.

what is the slope of equation y=1/3x​

Answers

Answer:

1/3

Step-by-step explanation:

Hey There!

The slope of y=1/3x is 1/3

The number right in front of the x is the slope

Hope this helps :)

Eighty students at John Middle School signed up for after school clubs. The graph below shows the different clubs the students chose.

Answers

Answer:

The answer is D, not here

Step-by-step explanation:

Members in dance club = 8

Members in soccer club = 12

Members in art club = 8

art: soccer + dance = 8 : 20

= 2:5

The answer is D, not here

Answer:

Not there

Step-by-step explanation:

We can see that the amount art club students is 2 lines below 10 and with the assumption that each line represents 1 we can say 10 - 2 = 8. Because the number 8 isn't even in the option choices then it becomes not listed aka not there.

A quadrilateral has two angles that measure 170° and 75°. The other two angles are in a ratio of 3:20. What are the measures of those two angles?

Answers

Answer:

15° & 100°

Step-by-step explanation:

360-170-75=115

115÷23=5

3x5=15

20x5=100

Mr.Rivera can grade 8 math tests in 10 minutes what is the teachers unit rate?

Answers

Answer:

0.8

Step-by-step explanation:

Answer: 1 minute and 25 seconds

Step-by-step explanation:

In the ordered pair (3, 4), which number represents the x-coordinate

Answers

Answer:

3

Step-by-step explanation:

Coordinate pairs are represented like this (x, y). So since 3 is in the first spot, it is the x coordinate.

The bottom of a circular swimming pool with a diameter of
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Answers

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Step-by-step explanation: sorry needed points

If f(x) = x* and g(x) = 3+8x?, find g(f(x)).

Answers

g(8x-3)=x

have a good day

Un bloque de 300 N se desliza sobre una superficie inclinada que forma un ángulo de 25° con la horizontal y cuyo coeficiente de fricción dinámico es 0,48. Hallar la fuerza paralela a la superficie inclinada que se debe aplicar al bloque para que se mueva con velocidad constante.

Answers

Si, que? Miss me donte gets ur auestionnn

Select the term for what a manufacturer spends for goods or services.

A.
cost
B.
price
C.
markup

Answers

the answer should be letter A

Answer:

A: Cost

Step-by-step explanation:

Plato

1. What is solution to 0.2(6x - 12) = 0.3(6 - 4x)

Answers

Answer:

x = 1.75

Explanation:

0.2(6x - 12) = 0.3(6 - 4x)

Simplify both sides of the equation

0.2(6x − 12) = 0.3(6 − 4x)

(0.2)(6x) + (0.2)(−12) = (0.3)(6) + (0.3)(−4x) (Distribute)

1.2x + −2.4 = 1.8 + −1.2x

1.2x − 2.4 = −1.2x + 1.8

Add 1.2x to both sides

1.2x − 2.4 + 1.2x = −1.2x + 1.8 + 1.2x

2.4x − 2.4 = 1.8

Add 2.4 to both sides

2.4x − 2.4 + 2.4 = 1.8 + 2.4

2.4x = 4.2

Divide both sides by 2.4

2.4x / 2.4 = 4.2 / 2.4

x = 1.75

I’ll mark you!!! (I got 5 but I just wanna check my answer to see if we got the same answer)

Answers

Answer:

I think its B but I'm not 100% sure

Answer:

Its 20 buckets.

Step-by-step explanation:

Determine the intercepts of the line.
y + 5 = 2(x + 1)
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T-intercept:

Answers

Answer:

3 5 minus 2 equal 3 plus 1 equals 4

Which value is nearest to 8? Show thinking in the space provided.
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Answers

Answer:

155/20

Step-by-step explanation:

155/20 in decimal form is 7.75, which is only 0.25 off of 8

7.511 is 0.489 off of 8

8.3% is technically not anywhere near 8 because a percentage needs to be a percentage of something in order to make sense.

You spend $44 on a game, receive $30 for painting a fence, and give $5 to your friend. You have $32 left.
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c) $51
d) $39

Answers

C 51
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Answer:

$51

Step-by-step explanation:

32+5+44

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$51

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Answers

Answer:

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Step-by-step explanation:

310.42 divided by 7.48 = 41.5 hours

how many solutions does y equals -6x - 7 have ​

Answers

Answer:

Infinitely many solutions.

Step-by-step explanation:

x can be any number, and the y will change with x.

Jenny and Mindy are working on a quilt. Jenny has completed 7/8 of the quilt and Mindy has completed 1/5 of it. Does the fraction 27/40 represent how much more of the quilt Jenny has completed than Mindy?

Answers

Answer: yes

Step-by-step explanation:

[tex]\frac{7}{8} -\frac{1}{5} \\\\frac{35}{40}-\frac{8}{40} \\\frac{27}{40}[/tex]

Write each fraction as a decimal. Use bar notation if necessary
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2. -2/5
3. 7/11
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Answers

1. 0.89 (rounded)
2. -0.4
3. 0.64 (rounded)
4. 0.875
5. -0.45 (rounded)
6. 0.47 (rounded)

Question 5 of 10 For what value of x is the rational expression below equal to zero? (x-3)(x + 1 A-3 B. -1 C. 1 D. 3​

Answers

Answer:

x = 3

Step-by-step explanation:

(x - 3) (x - 1) = 0

(x * x) - 2x + 3 = 0 ( quadratic equation)

[tex] {a}^{2} + bx + 3 = 0[/tex]

by the formula above (on the pic) x = 0

you can check it!

que es una fracion ?
ayudenme plisssssssssssss

Answers

Answer:

Parte dividida o separada de un todo considerada por separado.

Step-by-step explanation:

Answer:

Una cantidad numérica que no es un número entero.

Step-by-step explanation:

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Answers

Answer:

5019

Step-by-step explanation:

79 * 4 + 3 = 319

319 * 4 + 3 = 1,279

1,279 * 4 + 3 = 5,019

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Answers

Answer:

0.1

Step-by-step explanation:

The common ratio of a sequence is the number you multiply one term to get the next one. Here, we multiply 0.1 by 0.1 to get 0.01, and 0.01 by 0.1 to get 0.001, so our common ratio is 0.1.

Write an inequality for the following statement.
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Answers

Answer:

a ≥ 5

Step-by-step explanation:

When a certain basketball player takes his first shot in a game he succeeds with prob. 1/3. If he misses his first shot, he loses confidence and his second shot will go with prob. 1/4. If he misses his first 2 shots, his third shot will go with pro. 1/5. If he misses his first 3 shots, his fourth shot will go with prob. 1/6. If he misses his first 4 shots, the coach will remove hom from the game. Assume that the player keeps shooting until he succeeds or he is removed from the game. Let X denote the number of shots he misses until his first success or until he is removed from the game.

Required:
a. Compute the p.m.f. of X
b. Compute E[X]

Answers

Answer:

X : ____ 0 ____1 ____ 2 ____ 3 ____ 4

P(x) : _ 0.333_0.167 _0.100_0.067__0.333

E(X) = 1.9

Step-by-step explanation:

From the question above:

X ; number of misses

For :

X = 0 ; P(X = 0) = 1/3 = 0.333

X = 1 ; misses first ; succeeds on second

P(X = 1) = 2/3 * 1/4 = 2/12 = 1/6 = 0.167

X = 2 ; misses first, misses second, succeeds on third

P(X = 2) = 2/3 * (1 - 1/4) * 1/5 = 2/3*3/4*1/5 = 6/60 = 1/10 = 0.10

X = 3 :misses first, misses second, misses third succeeds on fourth

P(X = 3) = 2/3 * 3/4 * (1 - 1/5) * 1/6 = 2/3*3/4*4/5*1/6 = 24/360 = 0.067

X= 4

P(X =4) = 2/3 * 3/4 * 4/5 * 5/6 = 120/ 360 = 1/3 = 0.333

X : ____ 0 ____1 ____ 2 ____ 3 ____ 4

P(x) : _ 0.333_0.167 _0.100_0.067__0.333

E(X) :

Σx*p(x) = (0*0.333) + (1*0.167) + (2*0.100) + (3*0.067) + (4*0.333)

0 + 0.167 + 0.2 + 0.201 + 1.332

= 1.9

Need help to solve this

Answers

4/5 hope it helps!!!!!!

I WILL GIVE U A BRAINLIEST I NEED HELP ASAP

Answers

Answer:

First answer choice, N = w^2 - 4w

Step-by-step explanation:

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