Sarah took out a $30,000 loan at a 4% interest rate to put a new pool in her backyard. If the interest is compounded quarterly, write a function to model this situation. How much interest will she have paid after 12 years?

Answers

Answer 1

Answer: $48,366.78

Step-by-step explanation:

3000(1+0.04/4) 4t

Answer 2

The function is A = 30,000(1+0.04/4)^(4t) and the compound interest is $18,366.78 if the interest is compounded quarterly.

What is compound interest?

It is defined as the interest on the principal value or deposit and the interest which is gained on the principal value in the previous year.

We can calculate the compound interest using the below formula:

[tex]\rm A = P(1+\dfrac{r}{n})^{nt}[/tex]

Where A = Final amount

          P = Principal amount

          r  = annual rate of interest

          n = how many times interest is compounded per year

          t = How long the money is deposited or borrowed (in years)

Here P = $30,000

r = 4% = 0.04

n = 4

t = 12

The function of this situation:

[tex]\rm A = 30,000(1+\dfrac{0.04}{4})^{4t}[/tex]

Plug t = 12 in the above function.

[tex]\rm A = 30,000(1+\dfrac{0.04}{4})^{4\times12}[/tex]

A = $48,366.78

So compound interest CI = 48,366.78 - $30,000

CI = $18,366.78

Thus, the function is A = 30,000(1+0.04/4)^(4t) and the compound interest is $18,366.78 if the interest is compounded quarterly.

Learn more about the compound interest here:

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Related Questions


Sarah has $25 to spend at the grocery store. She spends $18.77. How
much money does Sarah have left?

Answers

Sarah will have $6.23 left. This is so because 25 - 18.77 = 6.23. Hope this helps.

Answer:

x=$75

Step-by-step explanation:

James has 13.7 ounces of trail mix. He shares the trail mix equally with his sister.

How much trail mix does each person get?

Answers

Answer:

6.85 ounces

Step-by-step explanation:

13.7/2people=6.85

What are the coordinates of the point in the directed line segment from (-2,-8) to (5,-1) that partitions the segment into the ratio of 1 to 6?

Answers

Answer:

The coordinates of the point P  in the directed line segment from (-2,-8) to (5,-1) that partitions the segment into the ratio of 1 to 6 will be:

(x, y) = (-1, -7)

Step-by-step explanation:

Let P be the point.

As the point P is in the directed line segment from (-2,-8) to (5,-1) into the ratio of 1 to 6

i.e.

(x₁, y₁) = (-2,-8)

(x₂, y₂) = (5,-1)

Rise = y₂ - y₁ = -1 - (-8) = -1 + 8 = 7

Run = x₂ - x₁ = 5 - (-2) = 5 + 2 = 7

1 : 6 ratio means the point P lies at

[tex]\frac{1}{6+1}=\frac{1}{7}=14\%[/tex]

Thus,

rise for P = 7 × 14% = 1

run for P =  7 × 14% = 1

Thus, coordinates of P will be:

x = -2 + 1 = -1

y = -8 + 1 = -7

Thus,

The coordinates of the point P  in the directed line segment from (-2,-8) to (5,-1) that partitions the segment into the ratio of 1 to 6 will be:

(x, y) = (-1, -7)

please help.. this is so difficult..

The Martinez family ate at a restaurant.

The cost of the meal was $34.50.
The sales tax was 6% of the cost of the meal.
They left a tip of 15% of the cost of the meal plus tax.
What was the total cost of the meal, tax, and tip?

Answers

Answer:

$42.06

Step-by-step explanation:

step 1: find the 6% of 34.50; by multiplying 34.50 x 0.06 ( 0.06 = 6/100 or 6%).

34.50 x 0.06 = 2.07

Step 2: 2.07 + 34.50 = 36.57 -----Total cost of meal + 6% tax.

Step 3: find 15% of 36.57

36.57 x 0.15 = 5.4855

Step 4: 36.57 + 5.49 (rounded because money only has two decimal places)

Answer:

$42.06

how do you find the x and y intercepts from a table

Answers

The first step is to find the slope which is (y2-y1)/(x2-x1) and you can use any of these points. Next write the equation is point slope form which is y-y1=m(x-x1) using the slope and one of the points. Then you can simplify to write this is slope-intercept form and solve the x and y intercepts as given.

Carlos vendio su carro por unprecio en el cual perdia el 12% de 22000000¿en cuanto lo habia comprado

Answers

carlos vendio su carro por un precio en el cual perdia 12% del precio en que lo compro.si lo vendio a un precio de $22.000.000. en cuanto lo habria comprado

Responder:

$ 24640000

Explicación paso a paso:

Pérdida en venta = 12%

Monto de venta = $ 22,000,000

Dejar ; Importe de la compra = x

Monto de la compra :

(1 + porcentaje de pérdida) * monto de venta

(1 + 12%) * 22.000.000

(1 + 0,12) * 22 000 000

1,12 * 22 000 000

= 24640000

− 8/7 +(−1/2) reduced to simplest form

Answers

Answer:

simplified would be -23/14 if you wanted to answer this it would be either -1 9/14 or -1.64

Step-by-step explanation:

Help please 10 points

Answers

Answer:   it's the third one and the first one

Step-by-step explanation:

4. The quadratic function f (x) = (x + 1)2 – 4 is shown on the graph below.

What is the equation for the axis of symmetry?


Answers

Answer:I DO NOT KNOW

Step-by-step explanation:FIND OUT YOURSELF LOL

(BRAINLIESTTTTT PLS ANSWERRRR DUE IN 5 MINS!!!!) Michelle and Cameron are selling popcorn for a school fundraiser. Michelle sold 10tins of cheese popcorn and 8tins of caramel popcorn for a total of $446. Cameron sold 22tinsof cheese popcorn and 11tins of caramel popcorn for a total of $803. Write a system of equations to determine the cost one tin of cheese popcorn and one tin of caramel popcorn. Show all your work.

Answers

one tin of cheese 20$ and one tin of Carmel 27$

How is the graph of y = - 4x2 – 5 different from the graph of y = -4x2?
A. It is shifted 5 unit(s) down.
C. It is shifted 5 unit(s) up.
B. It is shifted 5 unit(s) left.
D. It is shifted 5 unit(s) right.

Answers

Answer:

C. It is shifted 5 unit(s) up.

Step-by-step explanation:

The y-intercept of the first equation is –5. The y-intercept of the second equation is 0. This means that it moves up by 5 units.

Look at the image below for better understanding:

Apply the algorithm for dividing fractions. of 3/4 divided 1/5

Answers

Answer:

15/4

Step-by-step explanation:

Keep,Change, Flip

Answer:

15/4

Step-by-step explanation:

(3/4) / (1/5) = 3/4 * 5/1 = 3*5 / 4*1 = 15 / 4

Analyze the diagram below and complete the instructions that follow name to read lines in the diagram and appear to be SKEw

Answers

Answer:

the answer i think is ba and cb

Compare -4 and -9

Greater than or less than

Answers

-4 > -9

-4 is closer to 0 than -9
it is further right on the number line
-4 would be greater because -9 is more away from 0 and -4 is closer

twice a number x, minus 17

Answers

Answer:

2x - 7

Step-by-step explanation:

Twice a number x means x times 2, which can be written as 2x

Minus 17 from 2x

question 5. need asap please and thank you

Answers

Answer:

I believe changing -3/4 steepen the slope. For example, y=-1x+2


A flagpole that is 32 feet tall casts a 67-foot shadow. What is the angle, marked with an x on the diagram, that the sun hits the flagpole? Round to the nearest degree, and enter the number only.

Answers

Answer:

64

Step-by-step explanation:

❗️HELP ASAP❗️
Which pair of angles is congruent??
F. 21 and 22
G. 21 and 24
H. 24 and 23
I. 24 and 22

Answers

I think the answer is G.

I think this because of the fact families (like my elementary teacher used to say)
It’s like about multiplication of fact families so make it where it would have fact families with those numbers as the sums.
I hope this helps! Be safe out there.

pls help! 16 points:)


Answers

Answer: 52 degrees

Step-by-step explanation:

most likley like if correct

The correct answer is 52 degrees

7-4[3-(4y-5)]
distributive property

Answers

Answer: =16y−25

Step-by-step explanation:

Distribute:

=7+(−4)(3)+(−4)(−4y)+(−4)(5)

=7+−12+16y+−20

Combine Like Terms:

=7+−12+16y+−20

=(16y)+(7+−12+−20)

=16y+−25

Hope this will help you

What is the range of the function represented by the graph?

On a coordinate plane, points are at (0, 1), (1, 2), (2, 3), (3, 4).
{0, 1, 2, 3}
{1, 2, 3, 4}
1 less-than-or-equal-to y less-than-or-equal-to 4
0 less-than-or-equal-to x less-than-or-equal-to 3

Answers

Answer:

{1,2,3,4}

Step-by-step explanation:

cant be zero, also got it right on edge 2020

Answer:

{1,2,3,4}

Step-by-step explanation:

please help me with this problem been stuck on it for about 15 mins and getting stressed out ​

Answers

Step-by-step explanation:

[tex]given \: \\ ({a}^{5} )^{5} \\ = {a}^{5 \times 5} \\ = {a}^{25} \\ hope \: it \: will \: help[/tex]

Raul is flying a kite with an angle of elevation equal to 60° if the height of the kite is 300 feet then now long is the kite string.

Answers

Answer:

ddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd

Step-by-step explanation:

its d

Find, to the nearest foot, the length of the diagonal of a square whose side is 10 feet.
Draw a square to help solve the problem. (Remember to round answer to the nearest
foot, no decimals)

Answers

the length of the diagonal is 14 feet

I just need to make sure my answer is correct :)

Answers

Answer:

Its positive

Step-by-step explanation:

3x - 5 = -3

3x = 2

x = 2/3

2/3 is positive

what is the exact decimal equivalent of 7/16 SHOW YOUR WORK
1.473
0,4375
4.375
4.374

Answers

oh this is pretty simple if u look at it. it’s 0.4375, because the fraction isn’t complete meaning that it is less than 1

Which of the following could be the equation of the graph shown below?
Check all that apply.
A. y = -4x+ 2
B. 3x + 2y = 6
c. 2x - y = 7
OD y = 5

Answers

Answer:

A. y = -4x + 2  and  B. 2x + 2y = 6      

Step-by-step explanation:

A. y = -4x + 2        This is correct since the displayed picture shows a negative slope. Therefore, m is negative

B. 2x + 2y = 6       This is converted to     y = -x +3   So, it is also correct

C.  2x - y = 7           This is converted to y = 2x-7      So, it is not correct

D. y = 5                   Y value would have to always be at 5  So, it is not correct

Which of the following are equivalent to 80 1/2

Answers

Answer:

Sorry but what are the answer choices?

If anything just divide or multiply 80 1/2 by any number and it will give you something equivilent

Step-by-step explanation:

2√20 is the equivalent expression of the value  [tex]80^\frac{1}{2}[/tex].

What is Number system?

A number system is defined as a system of writing to express numbers.

The given expression is [tex]80^\frac{1}{2}[/tex]

We have to find the equivalent expression of  [tex]80^\frac{1}{2}[/tex]

[tex]80^\frac{1}{2}[/tex] can be written in radical form which is √80

80 can be written as 4 times of 20

√4×20

The square root of 4 is 2

So 2√20

Hence, 2√20 is the equivalent expression of the value  [tex]80^\frac{1}{2}[/tex].

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Pls i have less time Evaluate the expression for k = –4.

–6 + 21k =

Answers

Answer:

is -90

Step-by-step explanation:

−6+(21)(−4)

=−6+−84

=−90

2. Noah said, "I think this line is a good fit because it passes through the leftmost point and the rightmost point." Do
you agree?

Answers

Answer:

No I do not because I think the dots on each side are not equally split so it’s not a good fit

Step-by-step explanation:

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