Carter invested $540 in an account paying an interest rate of 4. 875 % compounded monthly. Jack invested $540 in an account paying an interest rate of 5. 5% compounded continuously. To the nearest hundredth of a year, how much longer would it take for Carter's money to triple than for Jack's money to triple?

Answers

Answer 1

Using compound interest and continuous compounding, it is found that it would take 2.61 years longer for Carter's money to triple.

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 Carter, we have that the rate of interest and the number of compoundings are, respectively, r = 0.04875 and n = 12. The time to triple is t for which A(t) = 3P, hence:

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

[tex]3P = P\left(1 + \frac{0.04875}{12}\right)^{12t}[/tex]

[tex](1.0040625)^{12t} = 3[/tex]

[tex]\log{(1.0040625)^{12t}} = \log{3}[/tex]

[tex]12t\log{(1.0040625)} = \log{3}[/tex]

[tex]t = \frac{\log{3}}{12\log{(1.0040625)}}[/tex]

t = 22.58.

What is continuous compounding?

The amount of money is given by:

[tex]A(t) = Pe^{kt}[/tex]

For Jack, we have that the rate of interest is of k = 0.055, hence:

[tex]A(t) = Pe^{kt}[/tex]

[tex]3P = Pe^{0.055t}[/tex]

[tex]e^{0.055t} = 3[/tex]

[tex]\ln{e^{0.055t}} = \ln{3}[/tex]

[tex]0.055t = \ln{3}[/tex]

[tex]t = \frac{\ln{3}}{0.055}[/tex]

t = 19.97.

The difference is given by:

22.58 - 19.97 = 2.61

It would take 2.61 years longer for Carter's money to triple.

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Related Questions

Find the length of the third side. If necessary, round to the nearest tenth
Pythagorean Theorem (Rounding)

Answers

Answer:

24 :)

Step-by-step explanation:

Pythagorean theorem: a^2 + b^2 = c^2

Lets solve!!

7^2 + b^2 = 25^2

49 + b^2 = 625

Now we subtract!!

625 - 49 = b^2

576 = b^2

Now we neeed to find the square root!!

[tex]\sqrt{576}[/tex] = 24

Have an amazing day!!

Please rate and mark brainliest!!

A piece of of blue yarn is 5 3/10 yards long. A piece of pink yard is 4 times as long as the blue yard. How much longer is the pink yard than the blue yard.

Answers

Answer:21 1/5
explanation: 5 3/10x4=21 1/5

a .circle with diamter at (2,2) and (8,14

Answers

the equation of the circle with diameter at (2,2) and (8,14) is (x-5)^2 + (y - 8)^2 = 45

How to calculate the equation of a circle?

A circle is a 2-dimensional shape with no edges.

The standard equation of a circle with centre (a, b) and radius "r" is given as:

(x-a)^2 + (y-b)^2 = r^2

Given the diameter of circle with coordinate  (2,2) and (8,14), the diameter is expressed as:

D = √12² + 6²

D = √144+36
D = √180

For the radius

r = √180/2

r² = 180/4

r² = 45

Determine the centre (a, b)
(a, b) = (2+8/2 2+14/2)
(a, b) = (5, 8)

Substitute

(x-5)^2 + (y - 8)^2 = 45

Hence the equation of the circle with diameter at (2,2) and (8,14) is (x-5)^2 + (y - 8)^2 = 45

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What is the cost of 10.0 gallons of gasoline priced at 1.449 per gallon?

Answers

14.49 all you have to do is 10x1.449 and you get your answer

Answer:

14.49

Step-by-step explanation:

thats all folks i don't know why though

2. a survey of 200 college graduates who have been working for at least three years found that 75 owned only mutual funds, 35 only stocks, and 90 owned both. a. what is the probability that an individual owns a stock

Answers

Using it's concept, it is found that there is a 0.625 = 62.5% probability that an individual owns a stock.

What is a probability?

A probability is given by the number of desired outcomes divided by the number of total outcomes.

In this problem, out of 200 graduates, 35 + 90 = 125 of them own stocks, hence:

p = 125/200 = 0.625.

There is a 0.625 = 62.5% probability that an individual owns a stock.

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please help me asap....

Answers

The sample is the initial 60 so the third option
45 people would prefer chicken

The usual price of a compact disc player was $200. At a sale, it was sold at a discount of 5%. What was the selling price

Answers

Answer:

It would be sold at 190$

Step-by-step explanation:

200x5/100 or 200 x 0.05

Select all the correct triangles.
Which triangles in the coordinate plane are congruent to triangle A because they can be mapped onto it by a sequence of rigid transformations?

Answers

Answer:

triangle D and F

Step-by-step explanation:

triangle D and F are the same as A, just angled differently.

God bless! hope i helped someone, somehow.

Answer:

D,F

Step-by-step explanation:

11, 20, 29, ...
Find the 43rd term.

Answers

Answer:

389

Step-by-step explanation:

20 - 11 = 9

29 - 20 = 9

This is a geometric sequence with a common difference of 9.

a_1 = 11

a_2 = 11 + 9

a_3 = 11 + 2 × 9

...

a_n = 11 + (n - 1) × 9

a_43 = 11 + (43 - 1) × 9

a_43 = 11 + 42 × 9

a_43 = 389

Hence, the [tex]43[/tex]rd term is [tex]389[/tex].

What is the sequence?

A  sequence is a list of objects, typically numbers, in which order matters, repetition is allowed, and the same elements can appear multiple times at different positions in the sequence.

Here given sequence is [tex]11, 20, 29, ...[/tex]

Here,

[tex]a=11\\\\d=a_2-a_1\\d=20-11\\d=9[/tex]

The general formula is

[tex]a_n=a+(n-1)d[/tex]

where,

[tex]a_n[/tex] is the [tex]n[/tex]th term

[tex]a[/tex] is the first term

[tex]n[/tex] is the number of terms

[tex]d[/tex] is the common difference

Substituting the values in the general formula

[tex]a_n=a+(n-1)d\\\\a_{43}=11+(43-1)9\\\\a_{43}=11+(42)9\\\\a_{43}=11+378\\\\a_{43}=389[/tex]

Hence, the [tex]43[/tex]rd term is [tex]389[/tex].

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What is the slope of the line that goes through the points (2,0( and (4,6)

Answers

Answer:

slope = 3x

Step-by-step explanation:

Equation is y = 3x - 6
3x is slope

Roberto is having his house painted. The job takes three days, and he pays the painter the same hourly rate everyday. The cost of the job is in the chart below.
Which of the following equations, where “h” represents hours worked and “p” the amount paid in dollars, represent an hourly pay rate that is Greater than the painter’s hourly rate?

Day 1: 5 hours worked; Paid $300
Day 2: 4 hours worked; Paid $240
Day 3: 6 hours worked; Paid $360

Choose all answers that apply:
A) P=6.5h
B) P=50h
C) P=65h
D) P=70h

Answers

Answer:

a is the answer

Step-by-step explanation:

A chef needs to decorate cupcakes for a birthday party. If the chef places
2
strawberry slices on top of each cupcake, which inequality represents the possible number of cupcakes,
k
, the chef could decorate with
46
strawberry slices?

Answers

The possible number of cupcakes is less than or equal to 23

How to write inequality equation?

let

k = possible number of cupcakesNumber of strawberry slices = 46Number if strawberry slices on each cupcake = 2

The inequality:

2k ≤ 46

divide both sides by 2

k ≤ 46 / 2

k ≤ 23

Therefore, the possible number of cupcakes is less than or equal to 23

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Buses arrive at a stop every 18 min. Each bus waits 4 min before departing. What is the probability that a person arriving at the bus stop at a random time has to wait more than 8 min for a bus to​ leave?

Answers

Answer:

Socratic app

Step-by-step explanation:

it will help you

Find the surface area of a rectangular prism that has the following dimensions.
length: 4.5 in.
width: 6 in.
height: 12 in.
surface area = in^2

Answers

The expression for the total surface area of rectangle was used, with all values rightly plugged in, the total surface area is 306 in^2

Surface area of Solids

Given Data

Length = 4.5 inchWidth = 6 inchHeight = 12 inch

We know that the expression used in finding the surface area is given as

Surface area of rectangular prism =2(wl+hl+hw)

Substituting our given data into the formula we have

=2(6*4.5+12*4.5+12*6)

=2(27+54+72)

=2(153)

= 306 in^2

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Answer:

306

Step-by-step explanation:

I didn't know till I saw the other persons answer. Please give them branliest.

FREE BRAINLIEST - EZ QUESTION: Write the equation of the parabola that has the vertex at point (−2,7) and passes through the point (−1,3).

Answers

Answer:

y = -4(x +2)² + 7

formula for parabola: y = a(x-h)² + k

Where (h, k) denotes the vertex

vertex: (-2, 7) point: (-1, 3)

First find a:

3 = a(-1-(-2))² + 7a + 7 = 3a = -4

Thus equation:

y = -4(x-(-2))² + 7y = -4(x +2)² + 7

Answer:

y = -4x^2 - 16x - 9.

Step-by-step explanation:

The vertex form is:

y = a(x - b)^2 + c     where a is a constant,  and (b, c) is the vertex

So we have

y = a(x + 2)^2 + 7

When x = -1,  y = 3 so:

3 = a(-1 + 2)^2 + 7

3 = a + 7

a = -4.

So the equation is

y = -4(x + 2)^2 + 7

y = -4x^2 - 16x -16 + 7

y = -4x^2 - 16x - 9.

If a city with a population of 52,000 doubles in size every 97 years, what will the population be 291 years from now?

Answers

Answer:

156,000

Step-by-step explanation:

291 divided by 97 is 3. 52,000 x 3 = 156,000.

Population will be 6 times of present population in 291 years.

What is the population of a city ?

The number of people in the city at a particular time is called population of the city.

How to find the required population ?

Present population of the city = 52000

According to the problem, Population doubles in size in every 97 years.

After 97 years, the population = Double of present population

                                                  = 2 × 52000 = 104000

Population in 97 years = 104000

Population in 1 year = [tex]\frac{104000}{97}[/tex]

So, population in 291 years =  [tex]\frac{104000}{97}[/tex]× 291 = 104000×3 = 312000

Population in 291 years from now = [tex]\frac{312000}{52000}[/tex] = 6 times

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UNIT 5: CEREAL BOX PROJECT / PORTFOLIO
HELP

Answers

Using the formula for volume and surface area of solids, we have the following:

1. 180 in.³; 258 in.²; $12.9

2. 144 in.³; 184 in.²; $9.2

3. 75 in.³; 228 in.²; $11.4

What is Volume and Surface Area?

Volume of a rectangular prism = l × w × h

Surface area of a rectangular prism = 2(wl+hl+hw)

Volume of a square pyramid = 1/3 × a² × h

Surface area of a square pyramid = a² + 2al

Volume of a cylinder = πr²h

Surface area of a cylinder = 2πr( h + r)

1. Volume of the rectangular prism cereal box = 7.5 × 2 × 12 = 180 in.³

Surface area of the rectangular prism cereal box = 2(wl+hl+hw) = 2(2 × 7.5 + 12 × 7.5 + 12 × 2) = 258 in.²

Cost of material for the the rectangular prism cereal box = 258 × 0.05 = $12.9.

2. Volume of the square pyramid cereal box = 1/3 × a² × h = 1/3 × 6² × 12 = 144 in.³

Surface area of the square pyramid cereal box = a² + 2al = 6² + 2(6)(12.3) ≈ 184 in.²

Cost of material for the the square pyramid cereal box = 184 × 0.05 = $9.2.

3. Volume of the cylinder cereal box = πr²h = π(2.5²)(12) = 75 in.³

Surface area of the cylinder cereal box = 2π(2.5)(12 + 2.5) ≈ 228 in.²

Cost of material for the the cylinder cereal box = 228 × 0.05 = $11.4.

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help?? its for calc please

Answers

Answer:

its logx=logy

Answer:

its logx=logy

Devaughn is 7 years older than Sydney. The sum of their ages is 103. What is Sydney's age?

Answers

103-7 = 96 then 96/2 = 48 so we can say that Sydney is 48 and devaughn is 48+7 = 55 years old.

Therefore, Sydney is 48 years of age.

Which Line has The Greater Slope
1
2
3
4

Answers

The answer to this question is line 1

A hotel is building a large new aquarium for their lobby. They know the length from the top corner to the opposite bottom corner is 13 feet long, the height is 12 feet and the length is 4 feet. Solve for the width and then determine the volume in cubic feet of water it will take to fill the aquarium

Answers

Answer:

3 ft, 144 ft³

Step-by-step explanation:

Find the width as below

l² + w² + h² = d², where l- length, w- width, h- height, d- the distance between top and bottom corners

Substitute the values and solve for w

4² + w² + 12² = 13²w² + 160 = 169w² = 9w = 3 feet

Now find the volume

V = lwhV = 4*3*12 = 144 ft³

Answer:

width = 3ft

volume = 144 ft³

Step-by-step explanation:

Pythagoras Theorem

[tex]\sf a^2+b^2=c^2[/tex]

(where a and b are the legs, and c is the hypotenuse, of a right triangle)

The diagonal of the base of the aquarium, its height, and the length from the top corner to the opposite bottom corner forms a right triangle.  As we know two of the lengths, we can use Pythagoras Theorem to calculate the unknown length (diagonal of base).

Given:

a = height of aquarium = 12 ftb = diagonal of basec = top corner to opposite corner = 13 ft

[tex]\implies \sf 12^2+b^2=13^2[/tex]

[tex]\implies \sf b=\sqrt{13^2-12^2}[/tex]

[tex]\implies \sf b=5[/tex]

Now we know the length of the diagonal of the base, we can again use Pythagoras Theorem to find the width of the aquarium.

Given:

a = length of aquarium = 4 ftb = width of aquarium c = diagonal of base = 5 ft

[tex]\sf \implies 4^2+b^2=5^2[/tex]

[tex]\sf \implies b=\sqrt{5^2-4^2}[/tex]

[tex]\sf \implies b=3[/tex]

Therefore, the width of the aquarium is 3 ft.

As the aquarium is modeled as a rectangular prism:

[tex]\begin{aligned}\textsf{Volume of a rectangular prism} & = \sf width \times length \times height\\ \implies \textsf{Volume of aquarium} & = \sf 3\:ft \times 4\:ft \times 12\:ft\\& = \sf 144 \:\:ft^3\end{aligned}[/tex]

At a local bodega, the cost of a bottle of juice at the corner store is
$1.05, and the cost of a bag of chips is $1.10. What would it cost to get
8 bottles of juice and 4 bags of chips? What would it cost to get a
bottles of juice and y bags of chips?
Total cost, 8 bottles of juice and 4 bags of chips:
Total cost, x bottles of juice and y bags of chips:
y

Answers

Answer:

$12.80

Step-by-step explanation:

The cost to get 8 bottles of juice and 4 bags of chips will be:

= 8($.105) + 4($1.10)

= $8.40 + $4.40

= $12.80

The cost for x bottles of juice and y bags of chips will be:

= (1.05 × x) + (1.10 × y)

= 1.05x + 1.10y

3 A fashion designer checks the price of a certain fabric. Manufacturer A charges $7.50 per yard. The graph shows the price that Manufacturer B charges. a. What is the initial value of each function? b. How much does 400 yd of fabric cost at each manufacturer? How much does 800 yd of fabric cost at each manufacturer? c. What can you conclude about the two functions? Explain. d. Manufacturer C offers the fabric for $5.50/yd but you have to buy at least 500 yd. What should the designer do if she needs 400 yd? Explain.​

Answers

Answer: Price of 400 yd of fabric from Manufacturer A is = $7.50 X 400= $3,000. From given graph, we can observe that the charge for 800 yards of fabric is = $6,000

PLEASE HELP
You will take a test containing two types of questions, multiple choice and free response. MC questions are worth 4 points each and free response are worth 7 points each. You must answer at least 4 of the MC and no more than 10 you must answer at least 3 FR questions, but no more than 10. Total, you may only answer 18 questions. How many type of each question must you answer to maximize your score.

Answers

Answer:

I think the answer is 16 to maximize the score

By finding the size of each exterior angle of a regular polygon with 24 sides, calculate the size of each interior angle of the polygon.

Answers

We can find the sum of the interior angles of a regular polygon using the formula : (n-2) x 180, where n is the number of sides.

We replaced in : (24-2) x 180 = 3960

So, all the interior angles in this polygon add up to 3960.
-> Each interior angle is equal to 3960 : 24 = 165.

i honestly dont know how to answer 8+h over 10 = 1 how?

Answers

Answer:

h = 2

Step-by-step explanation:

8+h / 10 = 1

Multiply both sides by 10 to remove the denominator

10 * (8 + h / 10) = 1 * 10

8 + h = 10

Subtract 8 from both sides

8 - 8 + h = 10 - 8

h = 2

A cart weighing 200 pounds rests on an incline at an angle of 40 degrees. what is the required force to keep the cart at rest? round to the thousandths place

a) 128.558 pounds
b) 133.388 pounds
c) 149.023 pounds
d) 153.208 pounds

Answers

The force needed to keep the cart at rest is 149.022 pounds

Force and Motion

Given Data

Weight of cart = 200 poundsAngle = 40 degree

The force needed to keep the cart at rest is the vertical component of the resultant force, hence we have

Fy = Mg sin θ

Substituting our given data we have

Fy = 200 sin 40

Fy = 200 *0.74511

Fy = 149.022 pounds

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Answer:

128.558

Step-by-step explanation:

What attributes do squares and
trapezoids always have in
common?

Answers

Answer:

There both quadrilaterals

Step-by-step explanation:

HELPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPp

Answers

Answer:

36 in²

Step-by-step explanation:

Area of the figure

Area (small rectangle) left + Area (big rectangle) right3 x (6 - 4) + 5 x 63 x 2 + 306 + 3036 in²

Answer:

The answer is 36 ft²

Step-by-step explanation:

Let us divide this whole figure into 2 rectangle, a big and a small.

Rectangle 1: (Small)

Length (l) = 2 ftBreadth (b) = 3 ft

(Area 1) = l × b

A = 2 × 3 = 6 square ft

Rectangle 2: (Big)

Length (l) = 6 ftBreadth (b) = 5 ft

(Area 2) = l × b

A = 6 × 5 = 30 square ft

Now,

Total Area of figure = Area of Rectangle 1 + Area of Rectangle 2.

Total Area = 6 + 30 = 36 square ft.

Thus, The area of the figure is 36 ft².

help please i been stuck on this question for the last hour im on the verge of tears

Answers

Answer:

1/2

Step-by-step explanation:

It appears to be 1/2 because the areas labeled "parrots" and "sparrows" takes up half of the pie chart. hope this helped!

Answer: the answer is 1 over 2 as a fraction

Step-by-step explanation:

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A common sight is to see people walking or relaxing under them. They gaze up, watching the colored leaves dance in the cool fall breeze, knowing that winter will soon come to take the leaves away.Second Passage: The Hardy Live OakThe live oak tree is one of the toughest trees found in the United States. It is not a tall tree. It grows only 30 to 40 feet high. But its branches are broad and strong. The branches make up for the tree's rather short height. How? The branches stretch out from the trunk like thick arms on a giant. The leaves on the branches are simple. They are oval in shape. They glisten in the sun. Most importantly, live oak leaves are always there. Live oaks stay green all year round.The live oak is also a fast growing tree. It is often planted in the lawns of new houses. This lets people living in the house have shade in just a few years. However, the owner of the tree needs to keep the lower branches trimmed. 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