Use the formula for continuous compounding to compute the balance in the account after​ 1, 5, and 20 years.​ Also, find the APY for the account. A ​$1000 deposit in an account with an APR of 3​%. The balance in the account after 1 year is approximately

Answers

Answer 1

The balance in the account after 1 year due to continuous compounding is approximately $1030.45 and AYP is 3.04%.

What is meant by continuous compounding?

If compound interest is calculated and reinvested into the balance of an account across an essentially unlimited number of periods, continuous compounding is the mathematical limit that compound interest can reach. Continuous compounding determines interest by assuming constant compounding across an infinite number of periods, as opposed to computing interest on a finite number of periods, such as annually or monthly.

Given,

rate per period  = 3%

Principal amount = $1000

Compounding is done after 1,5 and 20 years.

But we are asked to find the amount after continuous compounding after 1 year.

The formula of the amount after continuous compounding is:

[tex]A = Pe^{rt}[/tex]

where A = amount after continuous compounding

        r = rate of period

     t = time period

    P  = principal amount

[tex]A = Pe^{rt} = 1000e^{0.03*1}[/tex] = $1030.45

Annual yield formula (AYP) = [tex](1+\frac{r}{n} )^n-1[/tex]

n = times it compounds per year = 365

r = 0.03

AYP = [tex](1+\frac{0.03}{365} )^{365}-1 = 0.0304[/tex]

                                  = 3.04%

Therefore The balance in the account after 1 year due to continuous compounding is approximately $1030.45 and AYP is 3.04%.

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Related Questions

Translate the sentence into an inequality.

Seven subtracted from b is less or equal to -18

Answers

If sentence be "Seven subtracted from b is less or equal to -18" then the inequality be b – 7 ≤ -18

What is meant by inequality?

A relationship between two expressions or values that is not equal to each other is known as inequality in mathematics. Thus inequality emerges from an imbalance.

Both equations and inequalities are mathematical phrases created by connecting two expressions. The equal sign (=) in an equation denotes that the two expressions are regarded as equal. In contrast, an inequality indicates that the two phrases are not always equal by using the symbols >, <, ≤ or ≥.

An inequality symbol represents that the expressions on each side are not equal. It indicates that the expressions on the left and right should be bigger or less than one another, or vice versa.

Let the given sentence be "Seven subtracted from b is less or equal to -18" then the inequality be b – 7 ≤ -18

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The distance between two cities is 6160 kilometers. Convert the distance to miles. Round to the nearest mile.​

Answers

The distance between two cities is 6160 kilometers, which is approximately 3830.3 miles. Rounded to the nearest mile, this is approximately 3830 miles.

11311 rounded off to the nearest 100​

Answers

Answer:

11300

Step-by-step explanation:

The closest 100 to 11311 is 11300

If the number was 11351 you would round up to 11400

Evaluate the expression when c equals 3 and y = -7. -2c+y

Answers

Answer: That’s easy… The answer is -13

Step-by-step explanation: -2 x 3 + -7 = ?

-2 x 3 = -6

-6 + -7 = -13

Circles formula and answers please just need help

Answers

The radius of the circle is 7.8 cm.

What is a circle?

All points in a plane that are at a specific distance from a specific point, the center, form a circle. In other words, it is the curve that a moving point in a plane draws to keep its distance from a specific point constant.

Given that the area of a circle is 192 cm².

The area of a circle is πr², where r is the radius of the circle.

Assume that the radius of the circle is r.

Therefore,

πr² = 192

Divide both sides by π:

r² = 192/π

r² = 61.115

r = 7.817

r  ≈ 7.8 cm

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Look at picture please

Answers

Answer:

EF this is the correct answer

can someone help me please fast ​

Answers

The answer is choice A.
The graph should have a y-intercept of 4. Graph A is the only one with a y-intercept of 4.

Solve the following polynomial equation. y3+8=0

Answers

The answer is Y = -8/3

An online company is making $60 profit every week. The company owes the bank 300 dollars for the start-up money. How much does the company need to pay the bank and make a profit of 150

Answers

Answer:

The company must make $450.

If the company must pay $300, then you will take 300, and since they want to make a profit, which means 1500 dollars more once they pay the 300, the you will add that to 300.

300 + 150 = 450

Now to find how many weeks it will take, you will divide 450 by 60:

450/60 = 7.5

It will take 7 1/2 (or round it to 8)weeks to gain $450, which is enough money to pay the bank $300, and make a profit of $150.

Step-by-step explanation:

Hope it helps! =D

Find the cardinal number for the set.
B = {x|XEN
and 5

Answers

Answer:

Step-by-step explanation:

Cardinality of a set refers to the number of elements in the set. There are two types of cardinality: finite and infinite. A set is considered to have finite cardinality if it has a finite number of elements, meaning that the elements can be counted. A set is considered to have infinite cardinality if it has an infinite number of elements and cannot be counted.

In the case of the set B = {x | x ∈ N and x > 5}, the set is comprised of all natural numbers greater than 5. The set of natural numbers is infinite, meaning that there are an infinite number of elements in the set B. As a result, the cardinality of the set B is also considered to be infinite.

The symbol "ℵ0" is used to represent the cardinality of the set of natural numbers, and it is often used to indicate the cardinality of infinite sets with the same size as the set of natural numbers. In this case, we can say that the cardinality of the set B is ℵ0, meaning that the set B has the same size as the set of natural numbers and therefore has infinite cardinality.

evaluate expressions: a)10^5*10^6 b) 10^4*10^-2 c)10^8/10^4 d)10^9/10^-3

Simplify your answer. Type your answer using exponential​ notation.)

Answers

The solution to each of the exponent problems are;

a) 10¹¹

b) 10²

c) 10⁴

d) 10¹²

How to use laws of exponents?

The seven laws of exponents are;

1) Product of powers rule.

2) Quotient of powers rule.

3) Power of a power rule.

4) Power of a product rule.

5) Power of a quotient rule.

6) Zero power rule.

7) Negative exponent rule.

The given expressions are;

a) 10⁵ × 10⁶

= 10⁵⁺⁶

= 10¹¹

b) 10⁴ × 10⁻²

= 10⁴⁻²

= 10²

c) 10⁸/10⁴

= 10⁸⁻⁴

= 10⁴

d) 10⁹/10⁻³

= 10⁹⁻⁽⁻³⁾

= 10⁹⁺³

= 10¹²

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f(1) = 25
f(n) = f(n-1)(-1/5)

f(3) = ??

Answers

Answer: = 1 (look at the image for the solution)

Step-by-step explanation:

For each of the following graphs, the two given polygons are similar. Write precisely a single dilation (coordinates of center and coefficient) by which the image (labeled with primed letters) was obtained.

Answers

Polygon ABCD was dilated by a scale factor of 2 to create A'B'C'D'.

What is dilation?

Dilation is the increase or decrease in the size of a figure by a scale factor of k, thereby creating an image. Resizing an object is accomplished through the transformation of dilation. The objects can be enlarged or shrunk using dilation. The result of this transformation is an image that has the same shape as the original shape. The size of the shape varies, though. A dilation should either stretch or contract the original shape. The term "scale factor" describes this transformation.

From the diagram:

Scale factor = A'B' / AB = 6/3 = 2

Center = (6, -6)

Polygon ABCD was dilated by a scale factor of 2 to create A'B'C'D'.

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Find the number of solutions for the given equation for 0° ≤ θ ≤ 360°.

sin2x - 2sinx - 3 = 0

1
2
3
4
0

Answers

The number of solutions to the trigonometric equation is; 1 solution which is x = 270°

How to find the trigonometric solution?

The trigonometric equation is given as;

sin²x - 2sin x - 3 = 0

Now, factorizing this gives us;

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

Thus, we now have;

sin x - 3 = 0

sin x = 3

At this point, x has no real solution

For the second factor, we have;

sin x + 1 = 0

sin x = -1

x = sin⁻¹ -1

x = 270°

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Samantha is trying to run for City Council, but she needs to have
500 total signatures on her petition in order to get on the ballot. She currently has 284 signatures and believes that her team of volunteers can get 28 signatures per day. Which of the following represents how many signatures Samantha expects to have in d days?

284 + 28d

500 - 28d

500 + 28d

284 - 28d

Answers

Answer:

284 + 28d

Step-by-step explanation:

Because she has 284 it is known

She plans to obtain 28/day

Therefor, it should be 248+28d

The box plot shows the times for sprinters on a track team.

A horizontal number line starting at 40 with tick marks every one unit up to 59. The values of 44, 48, 50.5, 53, and 56 are all marked by the box plot. The graph is titled Sprinters' Run Times, and the line is labeled Time in Seconds.

Which of the following is the five-number summary for this data?

Min = 42, Q1 = 44, Median = 50, Q3 = 54, Max = 56
Min = 41, Q1 = 43, Median = 49.5, Q3 = 56, Max = 58
Min = 44, Q1 = 48, Median = 50.5, Q3 = 53, Max = 56
Min = 44, Q1 = 45, Median = 49, Q3 = 56, Max = 58

Answers

The summary of the given data is Min = 44, Q1 = 48, Median = 50.5, Q3 = 53, Max = 56  . So option C is correct.

What is the median?

The middle  number of data in a collection is known as the median. Three alternative metrics are employed in mathematics to determine the average value for a given group of integers. They are the median,  mode, and mean. The measures of central tendency are this trio of measurements.

Median = [(n/2)th term + {(n/2)+1}th term]/2 (for even)

Median = {(n+1)/2}th term (for odd)

Based on the given information,

we can see that the box plot shows the values of 44, 48, 50.5, 53, and 56.

These values represent the minimum, lower quartile (Q1), median, upper quartile (Q3), and maximum, respectively.

Therefore, the five-number summary for this data is:

Min = 44,

Q1 = 48,

Median = 50.5,

Q3 = 53,

Max = 56

So the answer is: Min = 44, Q1 = 48, Median = 50.5, Q3 = 53, Max = 56

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a. Will he be able to make a right triangle with his fence? Why or why not?

Answers

Joel be not able to make a right triangle with his fence because the given dimensions are not satisfying for Pythagoras theorem.

What is Trigonometry?

Trigonometry is a branch of mathematics that studies relationships between side lengths and angles of triangles.

Dimensions of triangle he has to use for fencing are

15 feet, 8 feet, and 20 feet.

For making it a right triangle it must satisfy the "Pythagoras theorem" which states that

In a right-angled triangle, the square of the hypotenuse side is equal to the sum of squares of the other two sides.

H²=B²+P²

20²=15²+18²

400=225+64

400≠289

No, it will not be able to make a right triangle.

Hence, Joel will be not able to make a right triangle with his fence because the given dimensions are not satisfying for pythagoras theorem.

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The complete question is given below:

Joel wants to fence off a triangular portion of his yard for his chickens. The three pieces of fencing he has to use are 15 feet, 8 feet, and 20 feet long.

1. Will he be able to make a right triangle out of his fence? Why or why not?

Explain using general or slope form
PLS HELP

Answers

Answer:

y = 3x

Step-by-step explanation:

the equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

y = - [tex]\frac{1}{3}[/tex] x + 4 ← is in slope- intercept form

with slope m = - [tex]\frac{1}{3}[/tex]

given a line with slope m then the slope of a line perpendicular to it is

[tex]m_{perpendicular}[/tex] = - [tex]\frac{1}{m}[/tex] = - [tex]\frac{1}{-\frac{1}{3} }[/tex] = 3 , then

y = 3x + c ← is the partial equation

to find c substitute (- 1, - 3 ) into the partial equation

- 3 = 3(- 1) + c = - 3 + c ( add 3 to both sides )

y = 3x + 0 , that is

y = 3x

Read the following description of a relationship:
Victoria signed up for a gym membership 21 weeks after Monica.
Let a represent the number of weeks Victoria has been a member and b
represent the number of weeks Monica has been a member.
Find the value of b when a = 9.
b= _

Answers

When a = 9, b = -12. However, this result is not physically meaningful in this context because it implies that Monica signed up for a gym membership 12 weeks after Victoria, which contradicts the original statement.

What is algebraic expression ?

An algebraic expression is a combination of variables, numbers, and mathematical operations, such as addition, subtraction, multiplication, and division. It can be used to represent a mathematical relationship or formula and can be simplified or evaluated using algebraic rules.

If Victoria signed up for a gym membership 21 weeks after Monica and we let a represent the number of weeks Victoria has been a member and b represent the number of weeks Monica has been a member, then we have a = b + 21.

Substituting a = 9, we get:

9 = b + 21

Solving for b, we subtract 21 from both sides:

b = 9 - 21

b = -12

Therefore, when a = 9, b = -12. However, this result is not physically meaningful in this context because it implies that Monica signed up for a gym membership 12 weeks after Victoria, which contradicts the original statement.

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Suppose a turtle walks 3/8 of a mile in 50 minutes what is the unit rate

Answers

Answer:

3/400 per min

Explanation:

Divide the rate at which he can walk by the number how mins he can walk at that rate

Find x. Use law of sine. Round to the nearest tenth.

Answers

Answer:

9.5

Step-by-step explanation:

Law of sine:

[tex]\frac{SideXY}{sinZ^{o}} = \frac{SideZY}{sinX^{o}} = \frac{SideXZ}{sinY^{o}}[/tex]

Sum of interior angles = 180°:
∴∠Z° = 180° - 63° - 41°

 ∠Z° = 76°


[tex]\frac{14}{sin76^{o}}[/tex]= [tex]\frac{x}{sin41^{o}}[/tex]

Cross- multiplication is applied:

(x)(sin76°) = (14)(sin41°)

x has to be isolated and made the subject of the equation:

x = [tex]\frac{[(14)(sin41^{o})]}{sin76^{o}}[/tex]

x = 9.466

x = 9.5 (Rounded to the nearest tenth)

you deposit $1000 in an account that pays 3.5% annual interest compounded monthly. when is your balance at least $1200? round your answer to nearest hundredth.

Answers

The balance will be at least $1200 after 8.18 months, if you deposit $1000 in an account that pays 3.5% annual interest compounded monthly.

What is compound interest?

The result of earning interest on a principal amount as well as the accumulated interest from earlier periods is known as compound interest. It occurs when money is reinvested rather being paid out, allowing interest to be generated on the principle and accrued interest over the next month.

The balance of an account with an initial deposit of $1000 earning 3.5% annual interest compounded monthly will reach $1200 after 8.18 months.

To find the time it takes for the balance to reach $1200, we can use the formula for compound interest, A = P[tex](1 + r/n)^{nt}[/tex],

where 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 time in years.

In this case, P = 1000, r = 0.035, n = 12 (because the interest is compounded monthly), and t is the unknown variable. We can rearrange the formula to solve for t:

t = (A/P) / (1 + r/n)

Plugging in the values, we get

t = (1200/1000) / (12(1 + 0.035/12))

which simplifies to

t = 8.18 months

Therefore, it will take 8.18 months for the balance of the account to reach $1200.

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Tara has two store coupons. Coupon 1 gives her $10 off on one item. Coupon 2 gives her 10% off on one item. Tara can use both coupons together on one item in the store and choose which coupon to apply first. For an item that has an original price of x dollars, let f be the function that models the discount price of the item using only coupon 1 and let g be the function that models the discount price of the item using only coupon 2. The price of each item in this store is more than $20 . Which of the following statements best explains which coupon should be applied first when using both coupons to give Tara a lower price?

Answers

To give Tara a lower price, coupon 2 should be applied first.

What is a percentage?

A ratio or value that may be stated as a fraction of 100 is called a percentage. And it is represented by the symbol '%'.

Given:

Tara has two store coupons.

Coupon 1 gives her $10 off on one item.

Coupon 2 gives her 10% off on one item.

Tara can use both coupons together on one item in the store and choose which coupon to apply first.

For an item that has an original price of x dollars,

let f be the function that models the discount price of the item using only coupon 1,

and let g be the function that models the discount price of the item using only coupon 2.

The price of each item in this store is more than $20.

Let the price is $50.

So applying coupon 1 and then coupan2,

we get,

(50 - 10) - ($50 - $10) x 0.10 = $36

Now, apply coupon 2 and then coupon 1,

we get,

$50 x 0.10 - $10 = $35

Therefore, she should apply coupon 2 and then coupon 1.

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If 15 + 3x is 10 more than 17, what is the value of 6x?

Answers

Acc to question
15 + 3x = 27
3x = 27 - 15
3x = 12
X = 4

6x = 6(4) = 24

Line ℓ has equation y=-x+4. Find the distance between ℓ and the point F(-1 7)
Round your answer to the nearest tenth.

Answers

Answer:

Step-by-step explanation:

To find the distance between a line and a point, we need to find the perpendicular distance from the point to the line. Here's the step-by-step process:

Find the equation of the line perpendicular to ℓ that passes through point F(-1, 7): Since the slope of line ℓ is -1, the slope of the perpendicular line will be the negative reciprocal of -1, which is 1. To find the equation of the line, we need a point and the slope. Point F(-1, 7) will be used, and the slope is 1.

Using the point-slope form of a line, we can write the equation of the perpendicular line passing through point F as: y - 7 = 1(x + 1). Simplifying, we get: y = x + 8.

To find the point of intersection between the two lines, we can substitute the equation of line ℓ into the equation of the perpendicular line:

-x + 4 = x + 8

Solving for x, we get x = 6. Substituting x = 6 into the equation of line ℓ, we get:

y = -6 + 4 = -2

So, the point of intersection between the two lines is (6, -2).

To find the distance between the point F and the line ℓ, we can use the distance formula:

distance = √((x2 - x1)^2 + (y2 - y1)^2)

where (x1, y1) is the point F(-1, 7) and (x2, y2) is the point of intersection (6, -2).

So, substituting the values into the formula:

distance = √((6 - (-1))^2 + ((-2) - 7)^2) = √((7)^2 + (9)^2) = √(49 + 81) = √(130) = approximately 11.3

Therefore, the distance between the line ℓ and point F is approximately 11.3 units.

Please help me with the question pleaseeee

Answers

Answer:

∠1 and ∠3

Step-by-step explanation:

The other pair of vertical angles are ∠2 and ∠4

Pat deposits $ 600 in a savings account at a simple interest rate of 6% per year for 5
years. how much will pat have earned in interest by the end of 5 years

Answers

Answer:

will earn in interest $ 180

What is the value of x? enter your answer, as a decimal, in the box. Do not round your answer.

Answers

The "value of x" in algebraic expression represented as "3x + 2 = 8" , in decimal form is 2.0   .

We have to solve the algebraic  expression "3x + 2 = 8" for value of x, we first need to separate the "variable x" on one side of the equation.

So , we subtract "2" from both sides of expression  ,

we get ;

⇒ 3x + 2 - 2 = 8 - 2  ;

Simplifying the left hand side, we get:

⇒ 3x = 6 ;

To solve for the variable x, we on divide both sides by 3 ;

⇒ 3x/3 = 6/3  ;

Simplifying, we get:

⇒ x = 6/3 = 2 .

Therefore, the value of x in the algebraic expression "3x + 2 = 8" is 2 , which is 2.0 when expressed as a decimal.

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The given question is incomplete , the complete question is

What is the value of x in the algebraic expression "3x + 2 = 8" ? Enter your answer, as a decimal . Do not round your answer.

The jacket's original price is $65.00. It is on sale for 40% off. You have to pay 5% sales tax. What is the final price for the jacket?

Answers

Answer:

To find the final price for the jacket, we need to first calculate the amount of the discount and then add the sales tax.

The amount of the discount is $65.00 * 40% = $26.00. So the price after the discount is $65.00 - $26.00 = $39.00.

The sales tax is $39.00 * 5% = $1.95. So the final price for the jacket is $39.00 + $1.95 = $40.95.

Step-by-step explanation:

Answer:

he final price for the jacket is $40.95.

Step-by-step explanation:

First, let's calculate the discount for the jacket:

Discount = $65.00 * 40% = $26.00

The price of the jacket after the discount is:

$65.00 - $26.00 = $39.00

Next, let's calculate the sales tax:

Sales tax = $39.00 * 5% = $1.95

Finally, let's add the sales tax to the discounted price to find the final price:

Final price = $39.00 + $1.95 = $40.95

So, the final price for the jacket is $40.95.

Please help me with this please

Answers

The measure of the angles are 60 degrees each

How to determine the measure of the angles

From the question, we have the following parameters that can be used in our computation:

AOB = 138 degrees

Also, we have:

The line OX bisects the angle AOB

Using the above as a guide, we have the following:

AOX = AOB/2 = 138/2 = 69

Also, we have

XOB = AOB/2 = 138/2 = 69

Hence, the angles are 69 degrees each

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