4) If $8000 is deposited into an account earning compound interest at an annual interest rate of 4% for 10 years, and it is compounded quarterly (thus 4 times per year), how much money is in the account at the end of the 5 years? Round your answer to the nearest cent. Show you work.



5) For problem #4, how much interest was earned? Show you work.

Answers

Answer 1

Answer:

The amount of money in the account at the end of 5 years is $9,841.63.

Step-by-step explanation:

The compound interest formula is A = P(1 + r/n)^(nt) where A is the final amount, P is the principal (initial deposit), r is the annual interest rate (expressed as a decimal), n is the number of times interest is compounded per year, and t is the number of years.

In this case, P = 8000, r = 0.04, n = 4 (because interest is compounded quarterly), and t = 5 (because we are trying to find the balance after 5 years).

So the formula becomes:

A = 8000(1 + 0.04/4)^(4*5)

By plugging the number into the formula we can find the final amount after 5 years

A = $9,841.63

Answer 2
Final answer:

The amount of money in the account at the end of 5 years is $10,404.69, and the interest earned is $2404.69.

Explanation:

To calculate the amount of money in the account at the end of 5 years, we need to use the compound interest formula: A = P(1 + r/n)^(nt), where A is the final amount, P is the principal amount, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.

Substituting the given values into the formula, we have A = 8000(1 + 0.04/4)^(4*5).Simplifying this equation gives us A = 8000(1 + 0.01)^20.Calculating this equation results in A = 8000 * 1.01^20 = $10,404.69 (rounded to the nearest cent).

To calculate the amount of interest earned, we subtract the initial deposit from the final amount: interest = A - P.

Substituting the given values into the equation, we have interest = $10,404.69 - $8000 = $2404.69 (rounded to the nearest cent).

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Related Questions

Jackie wants to buy a new van for work.

She wants to borrow £7,500 to buy the van and looks at two bank loans for this amount.

an image

Formula for simple interest is: I=PRT100
I
=
P
R
T
100

Formula for compound interest is: A=P(1+r100
A
=
P
(
1
+
r
100
)n
n

What is the difference in the interest charged between the two banks?

Answers

Answer: The interest rates charged in both formulas are different.

Step-by-step explanation:

To begin with, the simple interest = PRT/100

In this, the interest is the same as the number of years.

For example, P=10,000 R=10% T=2yrs

SI = PRT/100

    = 10,000*10*2/100

    = 2000

This rupee 2000 is the same interest for two years.

compound interest = A= P(1+r/100)^n

In this, the interest changes every year up to the period of time.

For example, P= 10,000 R=10% N=2yrs

A= 10,000(1+10/100)^2

  = 10,000*11/10*11/10

   = 12100

I= A-P

 =12100-10000

 = 2100

This interest varies for 2 years.

The number of phone calls between two nearby cities during a given time period, N , varies directly as the populations P₁ and P₂ of the two cities. If 109,000 calls are made between two cities with populations 74,000 and 189,000, how many calls are made between two cities with population 125,000 and 175,000?

Answers

Answer:

  170,483

Step-by-step explanation:

You have N varying jointly with P1 and P2, such that N=109,000 for P1=74000 and P2=189000. You want to know N for P1=125000 and P2=175000.

Varies jointly

The relation "N varies jointly with P1 and P2" can be described by the equation ...

  N = k·P1·P2

The value of k can be found as ...

  k = N/(P1·P2)

  k = 109000/(74000·189000) ≈ 7.793508×10^-6

New cities

Then the number of calls given the populations P1=125000 and P2=175000 is predicted to be ...

  N = (7.793508×10^-6)(125000)(175000) ≈ 170482.982...

  N ≈ 170483

About 170,483 calls are expected between cities with populations of 125 and 175 thousand.

If the number of phone calls between two nearby cities during a given time period. The number of calls  that are made between two cities with population 125,000 and 175,000 is: 170,482,987,500.

How to find the number of calls?

Calls  made between two cities with populations 74,000 and 189,000,

Call = 109,000/(74000 × 189000)

Call = 109,000 / 13,986,000,000

Call = 7.793508

Calls made between two cities with populations 125,000 and 175,000?

Calls =  7.793508 × 125000 ×175000

Calls =170,482,987,500

Therefore the calls made is 170,482,987,500.

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. A bicycle store uses a young person's height as one factor to determine the wheel diameter of an appropriate bicycle. For heights of 44-48 inches , the store suggests 18 inch wheels. For heights of 47-53 inches, the store suggests 20 inch wheels. For heights of 52-57 inches , the store suggests 24 inch wheels. Is the relationship between a young person's height and the recommended wheel diameter a function? Explain your reasoning.

Answers

The relationship between a young person's height and the recommended wheel diameter is a function, as each input is associated to a single output.

When does a relationship represents a function?

To verify whether a relation represents a function, we need to observe if each input is mapped to only one output.

The input and output variables for this problem are given as follows:

Input variable: young person's height.Output variable: recommended wheel diameter.

As for each height, there is only one recommended wheel diameter, we have that each input is mapped to a single output, and thus the relationship between a young person's height and the recommended wheel diameter is a function.

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which of the following fractions has been Simplified to lowest terms 25/95,21/49,3/17,10/15,44/52​

Answers

3/17

Both 3 and 17 are prime numbers, therefore they cannot be simplified by any number expect 1 and itself.

On Friday, Wall Street traders were anxiously awaiting the federal government's release
of numbers on the January increase in nonfarm payrolls. The early consensus estimate
among economists was for a growth of 250,000 new jobs (CNBC, February 3, 2006).
However, a sample of 20 economists taken Thursday afternoon provided a sample mean
of 266,000 with a sample standard deviation of 24,000. Financial analysts often call such
a sample mean, based on late-breaking news, the whisper number. Treat the "consensus
estimate" as the population mean. Conduct a hypothesis test to determine whether the
whisper number justifies a conclusion of a statistically significant increase in the consen-
sus estimate of economists. Use a = .01 as the level of significance.

Answers

Anazlysing the conditions given in the question we can  conclude that there is a statistically significant increase in the consensus estimate of economists.

How do financial analysts use the whisper number in their decision making process?

Financial analysts often use the whisper number, which is a late-breaking estimate of a key economic indicator, to make predictions about the stock market and inform their investment decisions. They may use it to identify potential opportunities for buying or selling stocks based on whether the whisper number is higher or lower than expected.

Can the whisper number be used to predict the stock market?

While the whisper number can provide insight into the current economic conditions, it is not a foolproof way to predict the stock market. It is just an estimate based on a sample of economists' predictions and can be affected by various unpredictable factors. Therefore, it's important to take other economic indicators and market conditions into account when making investment decisions.

To conduct a hypothesis test, we need to first define the null hypothesis and alternative hypothesis.

Null Hypothesis: The whisper number (sample mean) is equal to the consensus estimate (population mean)

H0: μ = 250,000

Alternative Hypothesis: The whisper number (sample mean) is greater than the consensus estimate (population mean)

H1: μ > 250,000

The next step is to calculate the test statistic and p-value. We can use a one-tailed t-test since the sample size is less than 30 and we don't know the population standard deviation.

Test statistic:

t = (266,000 - 250,000) / (24,000 / sqrt(20))

P-value:

Using the t-distribution table with 19 degrees of freedom, the p-value is less than 0.01, which is the significance level we set.

Since the p-value is less than the significance level (0.01), we can reject the null hypothesis and conclude that there is a statistically significant increase in the consensus estimate of economists.

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Solve for the interior of angle, x.
90°
130°
130⁰
130
120%
Xo

Answers

I think it is 90 degree angle

In an absolute value graph, the slope of one side of the graph is the ______________ of the other side.

Then give an example...If the slope of one side of an absolute value function is _________, then the other side of the equation has a slope of ________

Answers

Answer:

In an absolute value graph, the slope of one side of the graph is the negative of the other side.

For example, if the slope of one side of an absolute value function is 2, then the other side of the equation has a slope of -2.

Drag the tiles to the boxes to form correct pairs. Not all tiles will be used.

The amount of money in a savings account is modeled by A(x) = 750(1.01)^12x, where x represents number of years. Predict the account balance after 0, 1, and 2 years. Round your answers to the nearest dollar.

Tiles:
$845
$758
$952
$765
$750

Boxes:
initial deposit
balance after 1 year
balance after 2 years

Answers

According to the given expression, the account's initial deposit is 750, the balance after one year is 845, and the balance after two years is 952.

What is expression?

Mathematical expressions consist of at least two numbers or variables, at least one arithmetic operation, and a statement. It's possible to multiply, divide, add, or subtract with this mathematical operation.

Given, The amount of money in a savings account is modeled by A(x) = 750(1.01)^12x, where x represents number of years.

Expression for money is given

Thus, balance at x = 0

Balance A(0) = 750

Balance at x = 1

Balance A(1) = 750(1.01)^12*1

A(1) = 845.11

Balance at x = 2

Balance A(2) = 750(1.01)^12*2

A(2) = 952.43

Therefore, In the account initial deposit is 750, balance after 1 year  is 845, and balance after 2 years will be 952 as per the given expression.

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A manufacturing firm want to determine the proportion of defects in a manufacturing process. How many of its products does it need to sample if it wants to achieve a ±5% accuracy at a 95% confidence level, given that it believes that the true proportion of defects is no greater than 10%?

Answers

The firm needs to sample 138.297 products to achieve a ±5% accuracy at a 95% confidence level, given that it believes that the true proportion of defects is no greater than 10%.

What is a manufacturing firm?

Generally, To determine the sample size needed to achieve a ±5% accuracy at a 95% confidence level, with a maximum expected proportion of defects of 10%, you can use the formula for sample size for a proportion. The formula is:

n = (z^2 * p * (1-p)) / E^2

Where:

n is the sample sizez is the standard normal deviate corresponding to the desired level of confidence (1.96 for a 95% confidence level)p is the maximum expected proportion of defects (0.10 in this case)E is the margin of error (0.05 in this case)

Plugging in the given values, we get:

n = (1.96^2 * 0.10 * (1-0.10)) / 0.05^2

n =138.297

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Huilan is 14 years older than Thomas. The sum of their ages is 113. What is Thomas age

Answers

Answer: 49.5

Step-by-step explanation:

Let Thomas' age be [tex]T[/tex]. Then, Hulian's age is [tex]T+14[/tex].

[tex]T+T+14=113\\\\2T+14=113\\\\2T=99\\\\T=49.5[/tex]

A pyramid has a(n) for a base and a number of that all meet at the
same
о
-
A. two-dimensional object; faces; vertex
B. point; vertices; point
C. polygon; edges; face
D. edge; faces, point

Answers

Answer:

B. point; vertices; point

Step-by-step explanation:

A pyramid is a 3-dimensional geometric shape that has a base, which is typically a polygon, and a number of triangular faces that all meet at a single point called the vertex. The pyramid has vertices at the corners of the base and all other points where the triangular faces meet.

Which choice shows 13 • (7 • 4) correctly rewritten using the associative property and then correctly simplified?

Answers

The choice that shows 13 · (7 · 4) correctly rewritten using the associative property and then correctly simplified is presented as follows;

(13 · 7) · 4 = 91 · 4 = 364

What is the associative property of multiplication?

The associative property of multiplication stated that the multiplication of three numbers produces the same result in any way the numbers are grouped.

Mathematically, the associative property of multiplication can be presented as follows;

(a × b) × c = a × (b × c)

The specified operation involving the multiplication of three numbers are presented as follows;

13 · (7 · 4)

The associative property of multiplication indicates that we get;

13 · (7 · 4) = (13 · 7) · 4

13 × 7 = 91

Therefore, (13 · 7) · 4 = (13 × 7) × 4

(13 × 7) × 4 = 91 × 4 = 364

The option that shows the associative property correctly written and then correctly simplified is therefore;

(13 · 7) · 4 = 91 · 4 = 364

The possible options in the question, obtained from a similar online question are;

(13 · 74) = 96213 · 4  · 7 = 52 · 7 = 364(13 · 7) · 4 = 91 · 4 = 36413 · (4 · 7) = 13 · 28 = 364

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Are these triangles similar?
O Yes
O No

By which way are the triangles
similar?
O AA Similarity
O The triangles are not similar.
O SSS Similarity
O SAS Similarity

Answers

Answer:no

Step-by-step explanation:

7. Find the area of the triangle using trigonometry.

Answers

The area of the triangle shown is 51.96 unit²

What is an equation?

An equation is a expression that shows the relationship between numbers and variables.

The area of a triangle can be found given two adjacent sides and an angle between the two sides. It is given as:

Area = (1/2) * product of adjacent sides * sin(angle)

Hence:

Area of triangle shown = (1/2) * 10 * 12 * sin(60) = 51.96

The area is 51.96

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there are 28 questions on a test i got 16 wrong what percent did i get correct? round to the nearest percent

Answers

Answer:

43%

Step-by-step explanation:

28 questions - 16 wrongs = 12 correct

(12/28) × 100= 42.857.....%

To the nearest percent=43%

PLS PLS HELp, i dont get what it means by for

Answers

Answer:

don't

Step-by-step explanation:

get that one wrong don't spend to much time on it

graph the following system of equations and find the x coordinate of the soloution x3=3y=3 y=1/2x+2

Answers

Answer:

infinitely many solutions and x=y

Given these observed times (in minutes) for five elements of a job, determine the observed time (OT) for each element. Note: Some of the elements occur only periodically.

Answers

The observed time cycles of five given elements are 2.1, 1.01, 3.4, 4.1, 1.5 respectively

How to determine the observed time?

To determine the observed time (OT),

The observed time (OT) of each cycles will be added together for each element. and divided by total number of cycles for each element.

This is done in the following ways

1) (1.2+2.0+2.2+2.1+2.1)/5 = 10.5/5 = 2.1

2) (1.1+1.0+1.2) = 3.3/3 = 1.1

3) (3.4+3.5+3.3+3.5+3.4+3.3)/6 = 20.1/6 = 3.4

4) 4.0+4.2)/2 = 8.2/2 = 4.1

5) (1.4+1.4+1.5+1.5+1.5+1.4)/6 = 8.7/6 = 1.5

therefore each elements total cycle OT is added and then it is divided with each elements relevant number of cycles and this as a result provides the answer to the question

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Please please look at the picture and answer the question thank you

Answers

Answer:

[tex]\boxed{-2 < x\le1}[/tex]

Representation on number line is in attached image.

Notice that -2 has an unfilled circle and 1 has a filled circle. Important

Step-by-step explanation:

The given inequality is

[tex]2 < 4x+10\le14[/tex]

Subtract 10 throughout:

[tex]2-10 < 4x+10-10\le14-10\\\[/tex]

[tex]-8 < 4x\le4[/tex]

Divide throughout by 4:

[tex]-2 < x\le1[/tex]

Answer:    [tex]\boxed{-2 < x\le1}[/tex]

This is represented on the number line as follows: Notice the use of the


I need help please asap??!!!

Answers

Answer:

first answer is

1.31

Step-by-step explanation:

and second is

7.47

hope it help you

hi friend

(1)- 1.31 (2)- 7.47

The prism shown has a volume of 35 cm³.
Work out h, the height of the triangular cross section.
Optional working
h
base = 4 cm
Length = 7 cm

Answers

[tex]35 cm ^{3}[/tex] is the volume of the prism displayed. The triangular cross section is 1.25 cm tall.

What is the height of the prism ?

length , l = 7 cm , width w = 4 cm , height , h= 1.25 ,diagonal ,   d=8.15858444 cm , total surface area, [tex]$S_{\text {tot }}=83.5 \mathrm{~m}^2$[/tex] , lateral surface area , [tex]$S_{\text {lat }}=27.5 \mathrm{~m}^2$[/tex] , top surface area , [tex]$S_{\text {top }}=28 \mathrm{~m}^2$[/tex] , bottom surface area , [tex]$S_{\text {bot }}=28 m^2$[/tex] , volume [tex]$V=35 \mathrm{~m}^3$[/tex] .

To calculate the height of a prism, divide its volume by its area at the base. Let's say that the prism has a volume of 600 cubic inches to wrap up this scenario. The height is determined by multiplying 600 cubic inches by 100 square inches.

A prism's volume is calculated using the formula V=Bh, where B denotes the base area and h the height. A rectangular area makes up the prism's base. The rectangle's dimensions are 9 cm long by 7 cm wide. The formula V=Bh, where V stands for volume, B for the prism's area at its base, and h for its height, can be used to determine a prism's volume. B should be replaced with the area of a rectangle formula because this is a rectangular prism.

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Please help I need help!!!!!!!!!!!!!!!!!!!!!

Answers

……………………………….. it’s 8
B. 8
I hope this helps

Please help me with this question.

Answers

The constants A and B for the differential equation are given as follows:

A = 0.B = -64.

How to obtain the constants A and B?

The solutions to the differential equation are given as follows:

y(t) = e^(8t).y(t) = e^(-8t).

This means that the roots of the characteristic equation are given as follows:

r = -8 and r = 8.

Considering that the leading coefficient is of 1, as 1 multiplies y'', the characteristic equation is given as follows:

(r + 8)(r - 8) = r² - 64.

Hence the differential equation is given as follows:

y'' - 64y = 0.

Hence the constants are given as follows:

A = 0.B = -64.

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what is solution set for 2x2+15=-11x?
A{2.5,3} C{-3,-2.5}

B[1.5,5} D{-5,-1.5}

Answers

Answer:

C{-3,-2.5}

Step-by-step explanation:

Brainliest pls

Consider the quadratic equation x squared minus 7 x minus 18 equals 0

Find the solutions by factoring.


x = -9, x = 2


x = -2, x = 9


x = -6, x = 3


x = -3, x = 6

Answers

Answer:

x = -2,  x = 9

Step-by-step explanation:

Given quadratic equation:

[tex]x^2-7x-18=0[/tex]

To factor a quadratic in the form ax²+bx+c, first find two numbers that multiply to ac and sum to b.

[tex]\implies ac=1 \cdot -18=-18[/tex]

[tex]\implies b=-7[/tex]

Therefore, the two numbers are: -9 and 2.

Rewrite b as the sum of these two numbers:

[tex]\implies x^2-9x+2x-18=0[/tex]

Factor the first two terms and the last two terms separately:

[tex]\implies x(x-9)+2(x-9)=0[/tex]

Factor out the common term (x - 9):

[tex]\implies (x+2)(x-9)=0[/tex]

Apply the zero-product property:

[tex]\implies x+2=0 \implies x=-2[/tex]

[tex]\implies x-9=0 \implies x=9[/tex]

Therefore, the solutions to the given quadratic equation are:

x = -2,  x = 9

factorise 14x squared-x-13

Answers

Answer:

(14x+13)(x-1)

Step-by-step explanation:

14x²-x-13

14 × 13 = 182

Search for factors of 182 that contain a difference of 1 when subtracted because -x is the same as -1x.

Since 14 × 13 = 182

and

13 - 14 = -1

They are our 2 chosen numbers which will be displayed as :

14x² - 14× + 13x - 13

where -x is replaced by -14x + 13x

Proceed to factorise normally

14x(x-1) + 13(x-1)

Grouping

(14x+13)(x-1)

Lucas decides to use 5/8 cups of berries instead,but uses the same amounts of mango and yogurt. If he wants to make three 8 fluid ounce servings of smoothie,how much almond milk should he add

Answers

Using the mathematical operations of addition and subtraction, the quantity of almond milk that Lucas should add to his recipe to make three 8-fluid-ounce servings of the smoothie is 1¹/₈ cups.

What are mathematical operations?

Mathematical operations include addition, division, subtraction, and multiplication.

In this situation, we can determine the needed quantity of almond milk using multiplication, subtraction, and addition.

The total quantity of smoothie is obtained by multiplying three cups by 8 fluid ounces.  The quantity of almond milk is determined by subtracting the sum of other ingredients from the total quantity.

Lucas' usual recipe for two 8 fluid ounces:

Berries 3/8 cups

Mango 1/2 cups

Yogurt = 3/4 cups

Almond Milk = 3/8 cups

Total cups made = 2 cups (16 fluid ounces = 2 x 8)

New recipe for three 8 fluid ounces:

Berries 5/8 cups

Mango 1/2 cups

Yogurt = 3/4 cups

Almond milk = x

1 cup = 8 fluid ounces

Total cups to be made = 3 cups (24 fluid ounces = 3 x 8)

5/8 + 1/2 + 3/4 + x = 24/8

= 15/8 + x = 24/8

x = 9/8 (24/8 - 15/8)

= 1¹/₈ cups

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Question Completion:

Lucas makes a smoothie using the recipe (berries 3/8, mango 1/2, yogurt 3/4 cups) and adds almond milk for two 8 fluid-ounce servings. (There are 8 fluid ounces in 1 cup.​)

Complete the table by converting the amount in cents to dollars.
cents 4
70
58
204
S
0.75
3009

Answers

The conversion from cents to Dollar we get :

4 cent  = 4/100 = $ 0.04

70 cents = 70/100 = $ 0.7

58 cents = 58/100 = $.58

204 cents = 204/100 = $ 2.04 = $2 and 4 cents

.75 cents = .75 / 100 = $ 0.0075

3009 cents = 3009/100 = $ 30.09 = $30 and 9 cents

What is Conversion ?

A conversion factor is a number that is used to multiply or divide one set of units into another. If a conversion is required, it must be done using the correct conversion factor to get an identical value. For instance, 12 inches equals one foot when converting between inches and feet.

Cents are equivalent to one dollar. Dollars are represented by paper banknotes, which come in denominations of $100, $50, $20, $10, $5, and $1. Coins include cents.

The act of converting one value into another, such as from inches to millimeters or from liters to gallons, is known as conversion. The following measurements: length, weight, capacity, temperature, and speed are all measured in units.

The values in cents

4 cent  = 4/100 = $ 0.04

70 cents = 70/100 = $ 0.7

58 cents = 58/100 = $.58

204 cents = 204/100 = $ 2.04 = $2 and 4 cents

.75 cents = .75 / 100 = $ 0.0075

3009 cents = 3009/100 = $ 30.09 = $30 and 9 cents.

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Graph the piecewise function

Answers

The graph of the given piecewise function is as attached below.

Piecewise function is a function consisted of pieces of different functions over different intervals.

From the case we have:

f(x) = 3x - 5 if x ≤ -1

f(x) = -2x + 3 if -1 < x < 4

f(x) = 2 if x ≥4

To construct the piecewise function, we can try to find the base points of each functions.

f(x) = 3x - 5; if x ≤ -1

We will take x = -1 to approximate the line position

f(-1) = 3(-1) - 5

f(-1) = -3 - 5 = -8

f(x) = -2x + 3; if -1 < x < 4

(x = -1)

f(-1) = -2 (-1) + 3

f(-1) = 2 + 3 = 5

(x = 4)

f(4) = -2 (4) + 3

f(4) = -8 + 3 = -5

f(x) = 2; if x ≥ 4

(x = 4)

f(4) = 2

We can put each points on the graph and try to construct the piecewise function.

Please refer to the attached graph below for the piecewise function graph

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Nevaeh has $2,131.50 in a savings account that earns 6% interest per year. If she initiall
deposited $2,100 how many months has she been investing her money?

Answers

We know that Nevaeh initially deposited $2,100, and now she has $2,131.50 in her account. The interest earned is $2,131.50 - $2,100 = $31.50. To find out how many months has she been investing her money, we can use the following formula:

Time (in months) = (Interest / Principal) x (12 / Interest Rate)

Where Principal is the initial deposit amount, Interest Rate is the annual interest rate, and Interest is the amount of interest earned.

Plugging in the given values, we get:

Time (in months) = ($31.50 / $2,100) x (12 / 0.06)

Time (in months) = 0.0149 x 200

Time (in months) = 2.98

Since time cannot be in fraction of months, it has to be rounded off. So, Nevaeh has been investing her money for approximately 3 months.

Other Questions
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