An elite private college receives large donations from successful alumni. The account that holds these donations now has $955 million.

How much would the account earn in 1 year of simple interest at a rate of 2.33%? Round to the nearest dollar.

Answer
$22,251,500

How much would the account earn in 1 year at 2.33% if the interest was compounded daily? Round to the nearest dollar.

Answer
$22,512,028

How much more interest is earned by compounding daily as compared to simple interest?

Answer
$260,528

If the money is used to pay full scholarships, and the price of tuition is $61,000 per year, how many more students each year can receive full 4-year scholarships if the interest were compounded daily rather than using simple interest?

Answer
One, since each 4-year (full) scholarship is worth $244,000.

Answers

Answer 1

1. The private college's tuition account can earn $22,251,500 in simple interest at 2.33% in one year.

2. The account would earn $22,512,028 in one year at 2.33% interest compounded daily.

3. The difference between daily compound interest and simple interest is $260,528.

4. If the money is used to pay full scholarships, and the tuition price is $61,000 per year, 4 more students can receive full 4-year scholarships with daily compounding instead of simple interest.

What is the difference between simple interest and compound interest?

Compound interest adds the earned interest to the principal and periodically compounds the new total, unlike simple interest.

Data and Calculations:

1) Simple Interest:

Principal = $955 million

Period = 1 year

Interest rate = 2.33%

Simple Interest = $22,251,500 ($955,000,000 x 2.33% x 1)

2) N (# of periods) = 365 days

I/Y (Interest per year) = 2.33%

PV (Present Value) = $955,000,000

PMT (Periodic Payment) = $0

Results:

FV = $977,512,028.18

Total Daily Compound Interest = $22,512,028.18

3) The difference between daily compound interest and simple interest is $260,528 ($22,512,028 - $22,251,500).

4) Price of tuition per year = $61,000

Additional earnings from compounding interest = $260,528

Additional students to sponsor for tuition each year = 4.27 ($260,528/$61,000).

Thus, compound interest earns more for the investor than simple interest.

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Related Questions

Suppose the midpoint of line RT is M=(3,0). If R has the coordinates (-1,-4), what are the coordinates of T?

Answers

The coordinates of the point T is a T(2,-4).

According to the statement

We have to find that the the coordinates of T.

So, For this purpose, we know that the

Coordinates are a set of values which helps to show the exact position of a point in the coordinate plane.

From the given information:

the midpoint of line RT is M=(3,0). If R has the coordinates (-1,-4),

Then

For the coordinates of the t

We know that the from the description of the given points of the line RT

T = R+M

It means the coordinates of the t is the sum of the coordinates of the r and the M.

Then

T (x,y) = R(-1,-4) + M(3,0)

T (x,y) = R+M (-1+3,-4+0)

T (x,y) = R+M (2,-4)

So, The coordinates of the point T is a T(2,-4).

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Which of the following can be added to the number indicated on the number line above to sum to 0?
OA 0.6
OB. 1.4
OC -1.4
OD. -0.6

Answers

Answer:

1.4 should be added..................


Find the distance along Broadway between 37th Street and 36th Street.

Answers

  The distance between 37th St. and 36th St. is

x= 275ft

What is a similar triangle?

 Similar triangles are those that share at least one vertex and the angular value between the sides associated to their sides is the same, which makes them proportional in their dimensions (same type of triangle).

  To solve this problem we will use the relation of similar triangles, if we raise the equation we have the following way:

x /275 = 220/220

  Proportion of the sides

x/275 = 1

x = 275 ft ,  is the distance x between the lanes N° 37 and 36.

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Aadesh joins an science club. it is $ 85 to join for the first month and then $ 125 for each month after that. he stays in the club for 14 months. how much did aadesh pay altogether?

Answers

Answer:

$1710

Step-by-step explanation:

multiply 125 by 13 which is 1625 then add 85 which gives you a total $1710

$1,710- multiple 125 by 13 and then add $85 for the first month


Use your results from Exercises 1-6 to determine whether the given measures define 0 , 1,2, or infinitely many acute triangles. Justify your answers.
a=6, b=9, m

Answers

Two sides without an angle measurement, such as a = 6 m and b = 9 m, can be used to create an infinite number of acute triangles.

How many distinct acute triangles can we make, for instance, if our side lengths are 6 m and 9 m and our angle value ranges from 0 to 90 degrees?

Create a triangle with a 45-degree angle, sides that are 10 and 10 meters long, and a third side that can be stretched to the required length. You've constructed a triangle.

We can create a whole different Acute triangle that is identical to this one by altering the length and angle of the third side.

Never overlook picking the side angles and lengths. It's possible that you'll choose to proceed in a different way. There are an infinite amount of distinct triangles that can be created with the same angles.

As a result, we can make an infinite number of acute triangles using a single angle and a single side length.

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Need asap last question on a exam
The zoo needs to replace some of the railroad tracks that support their train ride. The total length of the track is 500 feet, and there are three sections that need to be replaced. These sections measure 62/2 83/8 and 63/4 feet. How much of the zoo railroad track does not need to be replaced?

Answers

Based on the calculations, the length of the zoo railroad track which does not need to be replaced is equal to 3543/8 or 442.875.

What is a fraction?

A fraction can be defined as a numerical quantity which isn't expressed as a whole number. This ultimately implies that, a fraction is simply a part of a whole number.

The parts of a fraction.

In Mathematics, a fraction comprises two (2) main parts and these include the following:

NumeratorDenominator

In order to determine the length of the zoo railroad track which does not need to be replaced, we would add all of the length of the zoo railroad track that need to be replaced and then subtract this value from the total length of the zoo railroad track as follows:

Length of replacement = 62/2 + 83/8 + 63/4

Note: Lowest common denominator (LCM) = 8.

Length of non-replacement = (248 + 83 + 126)/8

Length of non-replacement = 457/8

Length of replacement = 500 - 457/8

Length of replacement = (4000 - 457)/8

Length of replacement = 3543/8 or 442.875.

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Yall pls help me outtt! im having sm trouble with this problem

Answers

Step-by-step explanation:

Hello, and thank you for asking your question on Brainly!

This problem is basically telling is to isolate the variable g. But how are we to do so, when it's being sandwiched inside a variety of numbers and letters? The problem looks harder than it seems. But do not fret!

When you're in a trail in the woods and you get lost, the most logical thing is to do the opposite of where you just went in order to try and reach home. We can use this same analogy for math. We just try and use the opposite operation for every action that the function is being acted on!

Let be the original equation,

[tex]u=\sqrt{Ng+Q^3 }[/tex]

Looks pretty complicated right? We want to isolate the variable g, so let's get rid of this 'roof' over their heads.

To get rid of the square root, we can square both sides by two; this negates the square root, and opens up the right section of the equation.

[tex]u=\sqrt{Ng+Q^3 }[/tex]

[tex]u^2 =(\sqrt{Ng+Q^3 })^2[/tex]

[tex]u^2=Ng+Q^3[/tex]
Now, we have to make sure we get the variable g alone. Let's subtract Q cubed to the other side, we can subtract it over to get rid of it on the right hand side.

[tex]u^2=Ng+Q^3\\-Q^3 ~~~~~ -Q^3[/tex]

[tex]u^2-Q^3=Ng[/tex]
We're almost close! Now, all we have to do to isolate the variable g is to divide the whole equation by N, so the right hand side it cancels out. This is the opposite of N multiplied by g.

[tex]\frac{u^2-Q^3}{N} =g[/tex]

It wasn't so bad now, was it? I hope this helped! g is now isolated and this is the end of the problem.


Explain why three angle measures do not determine a unique triangle. How many triangles are determined by three angles measures?

Answers

You can either form no triangles or an endless number of triangles when you are given three angles.

For Example -

How many distinct triangles can you construct using angles of 30, 60, and 90 degrees?

Use a protractor to create one of the angles needed to form a triangle. You can adjust the side lengths to your desired length. Make another angle at the end of one of the sides, then link the sides together. You've constructed a triangle.

You should note that you chose the side lengths. This implies that you might choose differently. This allowed you to create an infinite number of distinct triangles using the same angles.

Hence, we can form infinite number of triangles when only the measurements of three angles is given

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Write the equation of the line in slope-intercept form.
-7-y=-3x

Answers

The equation of the line in slope-intercept form is y = 3x + (-7) .

The equation of a line in slope-intercept form can be written as follows,

y = mx + c                                                       equation 1

m in the above equation represents slope of the line and c represents the intercept.

The given equation is -7 -y = -3x .

To get the equation of the line in slope-intercept form we need to convert the given equation in the format of equation of a straight line i.e., equation1. So, now we will rearrange the given equation as

    -7 -y = -3x

⇒ y = 3x + (-7)                                             equation 2

On equating equation 1  and equation 2, we will get

Slope of the line = m = 3

Intercept = c = -7

The equation of the line in slope-intercept form is y = 3x + (-7)  .      

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Poppy found a sticker on the sign showing the size of olympic national park. She knows the size is between one million and nine hundred thousand acres. She also knows that the value of the digit in the ten thousand place is 10 times greater than the value of the digit in the thousands place. What is the size of the park?

Answers

Answer: Olympic National Park

Established 1938

Size: 922,651 acres

How much would you need to invest in an account paying 16%/a compounded annually if you wanted $3900 after 9 years?

Answers

Answer:

$1,025.52

Step-by-step explanation:

Annual Compound Interest Formula

[tex]\large \text{$ \sf A=P\left(1+r\right)^{t} $}[/tex]

where:

A = Final amount.P = Principal amount invested.r = Interest rate (in decimal form).t = Time (in years).

Given:

A = $3,900r = 16% = 0.16t = 9 years

Substitute the given values into the formula and solve for P:

[tex]\implies \sf 3900=P(1+0.16)^9[/tex]

[tex]\implies \sf 3900=P(1.16)^9[/tex]

[tex]\implies \sf P=\dfrac{3900}{(1.16)^9}[/tex]

[tex]\implies \sf P=\dfrac{3900}{3.802961...}[/tex]

[tex]\implies \sf P=1025.51662...[/tex]

Therefore, you would need to invest $1,025.52.

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Triangle ABC is mathematically similar to
triangle ADE. Work out the length of DE.
Separate into
two triangles.
D
B
В.
25 cm
E
C
.cm (2
A
30 cm
12cm
cn

Answers

Answer:

25 cm

Step-by-step explanation:

triangle abc is Mathematically similar

Mary's coffee shop makes a blend that is a mixture of two types of coffee. type a coffee costs mary $5.35 per pound, and type b coffee costs $4.15 per pound. this month, mary made 181 pounds of the blend, for a total cost of $853.15. how many pounds of type b coffee did she use?

Answers

Mary used 96 pounds of type b coffee this month.

Using algebraic expression and equation, we can solve how much of each type of coffee did Mary used that month.

An algebraic expression is a number, variable, or the combination of both and operational symbols. On the other hand, an equation is the equality of two expressions separated by "=".

Given that that month, Mary made 181 pounds of the blend that is a mixture of two types of coffee, we can express this as:

181 = a + b

where a = pounds of type a coffee that costs $5.35 per pound

b = pounds of type b coffee that costs $4.15 per pound

Also, the total cost of the blend that month is $853.15, which is the sum of the total cost of the two types of coffee. We can express that as:

$853.15 = $5.35(a) + $4.15(b)

Using substitution method to solve the two equations,

181 = a + b   ⇒   a = 181 - b

$853.15 = $5.35(181 - b) + $4.15(b)

853.15 = 968.35 - 5.35b + 4.15b

5.35b - 4.15b = 968.35 - 853.15

1.2b = 115.2

b = 96

a = 181 - b

a = 181 - 96

a = 85

Hence, Mary used 85 pounds of type a coffee and 96 pounds of type b coffee that month.

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What is the quotient of 19.6 divided by 0.4?
0.049
0.49
4.9
49

Answers

Answer:

49

Hope this hleps :)

Step-by-step explanation:

19.6 ÷ 0.4 = 49

Check:

49 × 0.4 = 19.6 ✓

What is the step by step solution to: x^2 -6x +9 =0

Answers

Answer:

Step-by-step explanation:

x²-6x+9 = 0

Factor

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

x = 3

Answer:

x = 3

Step-by-step explanation:

We need to find to numbers that sum up to make -6 but their product is +9 :

-3 and -3 will do :

Now we split -6x into -3x and -3x :

x² -3x -3x + 9 = 0  

Factorise the first 2 terms:

x(x-3)

Keeping the terms inside the bracket the same as the 1st one factorise the next 2 terms :

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

Keep 1 bracket and make another bracket out of the terms that are outside the brackets :

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

Using the integer rule :

a × 0 = 0

We know that one of these brackets are equal to zero :

x-3= 0

Add 3 to both sides :

x = 3

The other bracket is the same so our final answer is x = 3

Hope this helped and have a good day

It would be nice of you to give brainliest

Solve the equation. Find the value of x.
2(-3x) + x = 5

Answers

Answer:

x = -1

Step-by-step explanation:

1. Remove parentheses

-2 * 3x + x = 5

2. Multiply

-6x + x= 5

3. Add like terms

-5x = 5

4. Divide both sides by -5

-x = -1


Find the slope of the line that passes through the two points. (4,5) and (1,8)

Answers

The slope between the two given points (4,5) as well as (1,8) is -1.

What exactly is the slope of a line?

A line's slope is a measure of its steepness & direction.

The slope of a line is defined as a change in y coordinate in relation to a change in x coordinate.

The net change in y coordinates is Δy, while the net change in x coordinates is Δx.As a result, the y coordinate change in relation to the x coordinate change could be composed as,

        m = Δy/Δx

        where,m is the slope

Slope is also written as tan θ = Δy/Δx. Where, tanθ is also called as the line's slope.

Now, as per the stated question;

The slope of a line can be calculated using only two points on a straight line. With the coordinates of two points, we can employ the slope of line formula.

Let the coordinates of those 2 points from where the line is passing is;

P1 = (x₁, y₁)

P2 = (x₂, y₂)

The slope of the  line is estimated as;

Slope = m = tan θ = (y₂ - y₁)/(x₂ - x₁)

The values of the coordinates are given as;

(x₁, y₁) = (4,5) and,

(x₂, y₂) = (1,8)

Substitute the given values of coordinates in the formula to get the slope;

m = (8 - 5)/(1 - 4)

m = 3/(-3)

m = -1

Therefore, given the coordinates of such two points, the slope of a line passing through them is found to be -1.

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Simplify: [tex]\sqrt[3]{135}[/tex]

Answers

Here’s your answer sorry for my writing.

Write the following numbers in scientific notation 250,000 = 0.000035 = 0.00000001 = 324,000,000,000,000,000

Answers

Scientific notation exists as a method of writing very large or very small numbers. The expression as a number in scientific notation is 2.5 × [tex]10^5[/tex], 3.5 × [tex]10^{-7[/tex], 1 × [tex]10^{-8[/tex], 3.24 × [tex]10^{17[/tex],

What is meant by scientific notation?

Utilizing scientific notation, one can express extremely big or extremely small values. When a number between 1 and 10 is multiplied by a power of 10, the result is represented in scientific notation.

To express exceedingly high numbers in a shorter manner, scientists have created a shorthand. Scientific notation is the name of this technique. The foundation of scientific notation is the base-10 powers. The coefficient is defined as the initial number, 1.23.

The guidelines for writing scientific notation.

Always start with a base of 10.

The exponent may have both positive and negative values and must be a non-zero integer.

The absolute value of the coefficient is more than or equal to 1, even though it should be less than 10.

Whole numbers, decimal numbers, positive, negative, or both can all be used as coefficients.

The mantissa represents the remaining significant digits of the number.

The expression as a number in scientific notation is 2.5 × [tex]10^5[/tex], 3.5 × [tex]10^{-7[/tex], 1 × [tex]10^{-8[/tex], 3.24 × [tex]10^{17[/tex],

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A work survey found that 8 out of every 10 employees went on vacation last summer. If 3 employees' names are randomly chosen, with replacement, what is the probability that all 3 employees went on vacation last summer?

Answers

These are independent events because the likelihood of the first event has no bearing on the probability of the second event. Let V represent choosing holidaymakers from the previous summer.

What is probability ?

Probabilities are mathematical explanations of the likelihood that an event will occur or that a proposition is true.

P(V)= (8/10)*(8/10)*(8/10)

P(V)= 512/1000

= 51.2%.

The likelihood of an event is represented by a number between 0 and 1, with 0 typically signifying impossibility and 1 typically signifying certainty.

Basic probability is governed by three primary rules: the addition rule, the multiplication rule, and the complement rule.

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PLEASEE HELP I WILL GIVE BRAINLIST PLEASE ITS DUE TONIGHTTTTT!! ILL GIVE EXTRA POINTS PLEASE NO LINKS

Answers

Answer =A to D to G to E to F to H to I to K to Finish. Hope this helps :)


Use the order of operations to simplify each expression.
(8+5 × 2)/ 12

Answers

Using the order of operations BODMAS to simplify each expression

( 8+ 5 × 2 ) /12 is equal to 1.5.

As given in the question,

Given expression is ( 8+ 5 × 2 ) /12

Simplify each expression by using the order of operations BODMAS is given by

( 8+ 5 × 2 ) /12

= ( 8 +10 ) /12

= 18 /12

= 3 /2

=1.5

Therefore, using the order of operations BODMAS to simplify each expression ( 8+ 5 × 2 ) /12 is equal to 1.5.

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State whether the sentence is true or false. If false, replace the underlined word or number to make a true sentence.
If lines p and q are parallel, then angles 3 and 6 are congruent.

Answers

The statement "If lines p and q are parallel, then angles 3 and 6 are congruent" is false because "If lines p and q are parallel, then angles 3 and 6 are supplementary".

Given,

The statement "If lines p and q are parallel, then angles 3 and 6 are congruent"

We know,

when two parallel lines are intersect by a transversal then the  interior angles on the same side of the transversal is supplementary.

Here, ∠3 and ∠6 are interior angles on the same side of the transversal, So the ∠3 and ∠6 are supplementary

So, the correct statement is "If lines p and q are parallel, then angles 3 and 6 are supplementary"

Hence, the statement "If lines p and q are parallel, then angles 3 and 6 are congruent" is false because "If lines p and q are parallel, then angles 3 and 6 are supplementary".

The complete question is:

State whether the sentence is true or false. If false, replace the underlined word or number to make a true sentence.

If lines p and q are parallel, then angles 3 and 6 are congruent.

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Write a two-column proof for the property reflective property of segment congruence

Answers

:Answer:

https://study.com/learn/lesson/reflexive-property-congruence-overview-proof-examples.html

here is a video that may help you understand :)

where RS=3y+3=2y+8 and RT=31 what is the value of y

Answers

The value of y in the line segment is 4

How to find the variable in a line segment ?

RT is the total line segment.

Therefore,

RS = 3y + 3

ST = 2y + 8

RT = 31

Hence,

RT = RS + ST

31 = 3y + 3 + 2y + 8

31 = 3y + 2y + 3 + 8

31 = 5y + 11

31 - 11 = 5y

20 = 5y

divide both sides by 5

20 / 5 = 5y / 5

y = 4

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HELP ASP SHOW UR WORK YOULL GET BRAINILEST

Answers

Answer:

Step-by-step explanation:

Answer:

8

Step-by-step explanation:

-15x + 44 = 8x - 12

-8x -8x

-7x + 44 = -12

- 44 - 44

-7x = -56

x = 8

Assume that you have agreed to use a cellular plan that charges a price of p=3q+500 dollars for using q GB of data. Determine a formula for q that describes the amount of data you can use in terms of the amount of money that you are willing to spend.

Answers

The linear equation that describes the amount of data you can use in terms of the amount of money that you are willing to spend is q= (p-500)/3

P=3q + 500 is a linear equation where p is the price of the cellular plan and q is the amount of data used in the form of GB

In order to form a linear equation that describes the amount of data you can use in terms of the amount of money that you are willing to spend, we just need to shuffle the linear equation in order to get the coefficient if q as 1

First step, we need to move 500 from right hand side to left hand side which would change the sign from + to -.

=p - 500 = 3q

Second step, we need to move 3 from right hand side to left hand side which would change the sign from × to ÷.

= (p-500)/3 = q

Which can also be written as q= (p-500)/3

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Niles and Bob sailed at the same time for the same length of time. Niles' sailboat traveled 50 miles at a speed of 10 mph, while Bob's motorboat traveled 65 miles at a speed of 13 mph. For how long were Niles and Bob traveling?

Answers

They were traveling for 5 hours
Niles, 50 / 10 = 5
Bob, 65 / 13 = 5

Answer = They were traveling for 5 hours

What is the correct answer to
5
.
78
×
10
5
0
.
000002
?


Multiple choice question.
cross out

A)
2
.
89
×
10
8


cross out

B)
2
.
89
×
10
9


cross out

C)
2
.
89
×
10
10


cross out

D)
2
.
89
×
10
11



pls that was all my points i had left

Answers

The option that identifies the mistake that Miguel made is that Miguel found 5.78 ÷ 2 as 2.89, but incorrectly found the power of 10.

How to calculate the values?

It should be noted that the number given is illustrated as:

5.78 × 10^5× 0.000002

= 2.89 × 10^5

Therefore, the mistake that Miguel made is that Miguel found 5.78 ÷ 2 as 2.89, but incorrectly found the power of 10.

In conclusion, the correct option is D

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Recognize the Error Miguel found the quotient

5

.

78

×

10

5

0

.

000002

as 0.289. Which of the following correctly identifies his mistake

what are the multiples of 2 from 101 to 200??

Answers

The multiples of 2 from 101 to 200 will be all the even numbers starting from 102 to 200.

What are multiples?

It should be noted that multiples simply mean the product that can be gotten when a number is multiplied by another number.

It should be noted that the multiples of 2 from 101 to 200 will be all the even numbers starting from 102 to 200.

In this case, the odd numbers aren't multiple of 2.

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