Find the value of $ 15,000 at the end of one year if it is invested in an account that has an interest rate of 4.95 % and is compounded in accordance with the rules below. a. compounded monthly b. compounded daily​ (assuming a​ 365-day year) c. compounded quarterly

Answers

Answer 1
a)

[tex]\bf \qquad \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to &\$15000\\ r=rate\to 4.95\%\to \frac{4.95}{100}\to &0.0495\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{twelve months, thus} \end{array}\to &12\\ t=years\to &1 \end{cases} \\\\\\ A=15000\left(1+\frac{0.0495}{12}\right)^{12\cdot 1}[/tex]

b)

[tex]\bf \qquad \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to &\$15000\\ r=rate\to 4.95\%\to \frac{4.95}{100}\to &0.0495\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{365 days, thus} \end{array}\to &365\\ t=years\to &1 \end{cases} \\\\\\ A=15000\left(1+\frac{0.0495}{365}\right)^{365\cdot 1}[/tex]

c)

[tex]\bf \qquad \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to &\$15000\\ r=rate\to 4.95\%\to \frac{4.95}{100}\to &0.0495\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{four quarters, thus} \end{array}\to &4\\ t=years\to &1 \end{cases} \\\\\\ A=15000\left(1+\frac{0.0495}{4}\right)^{4\cdot 1}[/tex]
Answer 2

A) compounded monthly; A = $15,759.579

B)  compounded quarterly; A = $15,756.396

What is Compound interest?

Compound interest, also known as interest on principle and interest, is the practise of adding interest to the principal amount of a loan or deposit.

We have,

P = $15,000

R= 4.95%

a) Using A = P(1+ r/n[tex])^{nt[/tex]

A = 15,000 (1 + 0.0495 /12[tex])^{12[/tex]

A= 15,000 x 1.0506386172

A = $15,759.579

b) Again, A = P(1+ r/n[tex])^{nt[/tex]

A = 15,000 (1 + 0.0495 /365[tex])^{365[/tex]

c) Again, A = P(1+ r/n[tex])^{nt[/tex]

A = 15,000 (1 + 0.0495 /4.1[tex])^{4.1[/tex]

A = 15, 000 x 1.05042644766

A = $15,756.396

Learn more about Compound Interest here:

https://brainly.com/question/14295570

#SPJ2


Related Questions

What Is 1,270 rounded to the nearest hundred?

Answers

It would be 1,300. When rounding, you'd need to look at the number to the right of the place you're rounding to. In this case, you're rounding to the hundreds place (the 2), so you look at the number to the right (7). To know if you round up or down use this:

Round down= 0-4
Round up= 5-9

What is the volume of a frustum of a right pyramid with the area of the lower base equal to 100 square inches, the area of the upper base equal to 25 square inches, and the altitude equal to 12 inches?
A. 560 in^3
B. 700 in^3
C. 420 in^3
D. 750 in^3

Answers

Where B₁ and B₂ are the areas of the bases, the volume of the frustum is given by

... V = (1/3)(B₁ +B₂ +√(B₁B₂))h

For your dimensions, the volume is

... V = (1/3)(100 + 25 + √(100·25))·12 = (1/3)·175·12 = 700

The appropriate choice for the volume of the frustum is

... B. 700 in³

The expression 40x2 – 65x + 50 represents the sum of the interior angles of a regular pentagon in degrees. If the interior angles of the pentagon are equal, which expression represents the measure of two angles?

Answers

there are 5 interior angles  so each angle =

    (40x^2 - 65x + 50)  / 5  =   8x^2 - 13x + 10

so for 2 angles it's  16x^2 - 26x + 20 Answer

Answer:

Expression representing the measure of the two angles of the given regular polygon is 16x² - 26x + 20.

Step-by-step explanation:

Given Expression of the Sum of the all interior angles of a regular polygon

40x² - 65x + 50

We need to find expression representing the measure of the two angles.

We know that regular polygons have all side and all angles equal.

Number of side or angles in regular polygon = 5

So, when we divide given expression by 5 we get expression for an angle of the regular polygon.

[tex]\frac{40x^2-65x+50}{5}=\frac{5(8x^2-13x+10)}{5}=8x^2-13x+10[/tex]

Expression for an angle of regular pentagon = 8x² - 13x + 10

Now, For 2 angles  = 2( 8x² - 13x + 10 ) = 16x² - 26x + 20

Therefore, Expression representing the measure of the two angles of the given regular polygon is 16x² - 26x + 20.

Two-thirds a number plus 4 is 7

Answers

The answer is 2/3n+4=7

A union charges monthly dues of $6.00 plus $0.15 for each hour worked during the month.A union member's due for march were $33.00.How many hours did the union member work during the month of march?

Answers

Sent you a picture of the solution.

Mt. Everest, the highest elevation in Asia, is 29,028 feet above sea level. The Dead Sea, the lowest elevation, is 1,312 feet below sea level. What is the difference between these two elevations?

Answers

29,028 - 1312 = 27716 is the difference between elevations .

If it is 5 degrees outside and the temperature will drop 17 degrees in the next 6 hours how cold will it get?

Answers

5 - 17 = 12 so the answer is that it will be -12 degrees outside. Fahrenheit or Celsius??

Hope This Helps!
if you take 5 and subtract 17 it will + -12 so then you know in the next 6 hour it will be -12

Can someone PLEASE help me with this? ^^^ (25 points)

Answers

Two angles who sum is 180 degrees: Supplementary Angles

Two angles who sum is 90 degrees: Complementary Angles

Pair of angles directly opposite of each other formed by the intersection of straight lines: Vertical Angles

Pair of angles immediately next to each other with one side in common: Adjacent Angles

Determine whether the equation defines y as a function of x. y equals = 8 Over x Does the equation define y as a function of​ x?

Answers

Sent a picture of the solution to the problem (s).

Yes, the equation defines y as a function of x.

Yes, the equation defines y as a function of x.

A function is a relation where each input x corresponds to exactly one output y. In this equation, y is defined as 8 over x. For any given value of x, the equation will give us a unique value for y. For example, if we plug in x = 2, y = 8/2 = 4. If we plug in x = 4, y = 8/4 = 2.

Thus, this equation defines y as a function of x.

Learn more about Function Definition here:

https://brainly.com/question/34184097

#SPJ3

area of rectangular window is 360 square centimeters if the length of the window is bigger than the width of the window by 4 centimeters what are the dimensions

Answers

The area of a rectangle has a formula of

A = LW
where L is the length and W is the width of the rectangle. Since it is mentioned in the problem that the length is bigger than the width by 4 cm,

L = 4 + W
Substituting this to the area formula:
360 cm² = (4 + W)(W)
Solving for W,
W = 17.08,-21.08

Since it is a quadratic formula, there are two roots. We use the positive root as the answer. So, W = 17.08 cm. Then,
L = 4 + 17.08 = 21.08 cm

Thus, the dimensions of the rectangle are 21.08 cm long and 17.08 cm wide.

Which answer is a reasonable estimate to the following problem? 94 · 689

60,000
70,000
600,000
700,000

Answers

Final answer:

The reasonable estimate for multiplying 94 by 689 is found by rounding the numbers to the nearest convenient figures, which gives an estimated result of 70,000.

Explanation:

To estimate the product of 94 and 689, you can round each number to its nearest simple form and then multiply. Round 94 to 100 because it is close to that multiple of ten. Round 689 to 700, as it is close to this hundred mark. When you multiply 100 by 700, you get 70,000.

This process of rounding to the nearest convenient number simplifies the multiplication and gives us an answer that is easy to calculate and understand. Hence, by rounding the numbers before multiplying, the reasonable estimate for the problem 94 · 689 is 70,000.

Final answer:

By rounding the numbers and multiplying, a reasonable estimate for the product of 94 and 689 is 70,000.

Explanation:

To estimate the product of 94 · 689, we can round the numbers to the nearest ten or hundred and then multiply. For estimation purposes, we can approximate 94 to 100 (since it's closer to 100 than 90) and 689 to 700 (since it's closer to 700 than 600).

Multiplying these rounded figures: 100 × 700 equals 70,000. Therefore, 70,000 is a reasonable estimate for the product of 94 and 689.

evaluate the expression of 8+(-1)+(-3)

Answers

8+(-1)+(-3)=4 There you go

The cost of a 12.95 pizza was shared evenly by 5 friends. How much did each person pay?

Answers

your answer is 2.59$ yw
each person paid 2.59

A college student borrow ​$1,500 for 3 months to pay for a semester of school. If the interest is ​$30.94, find the monthly payment ​(Round to the nearest​ cent.)

Answers

Total amount repayment=amount borrowed+interest

Total amount repayment
1,500+30.94=1,530.94

Monthly payment
1,530.94÷3 months=510.31...answer

Hope it helps!

Answer:

Hence, the monthly payment to the nearest cent is 510.31

Step-by-step explanation:

Consider the provided information,

A college student borrow ​$1,500 for 3 months to pay for a semester of school.

Let us consider the monthly payment is $x.

If he pay $x for next 3 months, then the total amount student paid in 3 month is: 3x

The interest is ​$30.94 for 3 months.

Student pay all the borrowed money and interest in 3 months.

That means he pay $1,500 + $30.94 in 3 months while the monthly payment was 3x.

This can be written as:

[tex]3x = 1500+30.94[/tex]

[tex]3x = 1530.94[/tex]

[tex]x = \frac{1530.94}{3}[/tex]

[tex]x = 510.31[/tex]

Hence, the monthly payment to the nearest cent is 510.31

find two consecutive integers such that the larger is nine more than twice the smaller

Answers

If x is one integer and x+1 is the next, we have 2*x+9=x+1. Subtracting 9 and x from both sides, we get x(the smaller number)=-8 and the larger number is -7. 

Two consecutive integers are - 7 and - 8.

Here,

We have to find the two consecutive integers.

What are Integers?

An integer is a number which includes negative and positive numbers, including zero.

Now,

Let the smaller number is x.

Then, the larger is nine more than twice the smaller.

So, Larger number = 2x + 9

Since, The difference of two consecutive number are always 1.

So,

2x + 9 - x = 1

x + 9 = 1

x = -8

Therefore, The larger number = 2x + 9 = 2*-8 + 9 = -16 + 9 = -7

Hence,

Two consecutive integers are - 7 and - 8.

Learn more about the integers visit:

https://brainly.com/question/24653557

#SPJ2

the product of two numbers is 14. One of the numbers is d. What expression represents the other number

Answers

Write out in math symbols the info given you here:  if the product of d and x is 14, then x = 14/d.

in slope intercept form, what is the equation of the line passing through the points (3,17) and (7, 25)

A. y=-2x+23
B. y=2x+11
C. y=-3x+26
D. y=2x-11

Answers

Answer:

B

Step-by-step explanation:

To write the equation of the line, use the slope formula to find the slope. Then substitute the slope and a point into the point slope form. Simplify using the distributive property to write in slope intercept form.

[tex]m = \frac{y_2-y_1}{x_2-x_1} = \frac{25 - 17}{7-3} = \frac{8}{4} = 2[/tex]

Using the point slope form of a line equation, substitute m = 2 and the point (3,17).

[tex]y - y_1 = m(x-x_1)\\y -17 = 2(x - 3)\\y - 17 = 2x - 6 \\ y = 2x - 6 + 17 \\ y = 2x + 11 [/tex]

What is the area of a circle 3.102 cm in diameter? (note: the units will be cm2, you only need to enter the number)?

Answers

Area of a circle = pi*r^2, where r is the radius.

r = diameter/2
= 3.102/2
= 1.551

A = pi*1.551^2
= 7.557 cm^2

Area of a circle is pi radius square
diameter= 3.102
radius=diameter/2=3.102/2=1.551
A=3.14 (1.551)^2=7.554cm^2

a baker makes cakes and sells them at county fairs his initial cost was $45 to reserve a booth and $25 traveling expenses. He figures that it costs $1.75 to make each cake and he charges $6.50 per cake. Let x represent the number of cakes sold. Express the revenue R and Cost C as functions of x. Then find how many cakes will he need to sell before he will make a profit

Answers

Final answer:

The baker's revenue R can be expressed as R = x * 6.50, and the cost C can be expressed as C = 45 + 25 + (x * 1.75). To find the number of cakes he needs to sell before making a profit, we set the revenue equal to the cost and solve for x. The baker will need to sell at least 15 cakes before making a profit.

Explanation:

To express the revenue R as a function of x, we can use the equation R = x * 6.50. This is because the revenue is the number of cakes sold multiplied by the price per cake. So, every cake sold contributes $6.50 to the revenue.

To express the cost C as a function of x, we can use the equation C = 45 + 25 + (x * 1.75). The initial fixed costs of $45 for reserving a booth and $25 for traveling expenses are added to the variable costs of $1.75 per cake multiplied by the number of cakes sold.

To find the number of cakes he needs to sell before making a profit, we need to set the revenue equal to the cost and solve for x:

R = C => x * 6.50 = 45 + 25 + (x * 1.75)

Combining like terms, we get:

4.75x = 70

x = 70 / 4.75

x ≈ 14.74

Since you cannot sell a fraction of a cake, the baker will need to sell at least 15 cakes before making a profit.

At a store clearance, a women spent less than $200 on shirts that were labeled $15 each . How many shirts did she buy? Identify the numbers that are included in the solution set .

Answers

She bought about 13 shirts.  You just divide the numbers
We know that a women spent less than $200 on shirts.
We also know that the shirt were labeled $15 each, which means the price od each shirt is $15. 
In order to find the number of shirts the women bought  (denoted with X) we should divide the total amount of cash spent with the numbers of shirt she has bought.
X=$200/$15
X=$13.33
Because it is not logical to buy 0.33 shirt (it must be whole), we can conclude that the women bought 13 shirts.

please help me what is 1462 ÷ 58 as a mixed number then put it in simplest form

Answers

25.20, that might help you hopefully!

The number 3.453 has two 3s why does each 3 have a different value

Answers

Because they're in different places the 3 in the ones place couldn't equal as much as the three in the thousands place those places make them have different values

What is the prime factorization of 15

Answers

15 
3 * 5 <== prime factorization

Answer: 3 × 5

Step-by-step explanation: To find the prime factorization of 15, first create a factor tree with two branches.

Since 15 divided by 3 gives us 5, we know that  and 5 are factors of 15. This means that we can write 3 and 5 at the bottom of our branches.

While 1 and 15 are also factors of 15, we don't use them in our factor tree. This because when finding a prime factorization, we only want factors other than 1 and the number itself.

Next, we circle any prime numbers in our factor tree. Since 3 and 5 are both prime numbers, we circle both 3 and 5. Since we have circles at the bottom of our branches, we are finished.

Therefore, the prime factorization of 15 is 3 × 5.

1+3+5+7+...+1003= what is the answer?

Answers

a) 1 +2 +3 +4 +......+98
98 +97 +96 +95+......+1
sum 99 +99 +99 +99+......+99
there are 98 of these sums, the total is 98 * 99 = 9702, since this sum is twice the sum of the numbers 1 thru 98, we have
sum 1 +2 +3 +4 +.....98 = 9702/2 = 4851

b) 1 +3 +5 +7+.....+1003
1003 +1001 + 999 +997 +....+1
sum 1004 +1004 +1004 +1004 +..1004
There are 502 of these sums. the total is 502 * 1004 = 504008, since this sum is twice the sum of the numbers 1 +3 +5 +7 +....1003, we have
sum 1 +3 +5 +7+.....+1003 = 504008/2 = 252004
1+(n-1)d = 1003
(n-1)2 = 1002
n-1 = 501
n=502
Sum = 502(1+1003)/2 = 253,004

Which is the graph of f(x) = 100(0.7)x?

Answers

where are the choices?

Make s the subject of the formula t to the power of 2
= 2p+as

Answers

2=2p+as
2-2p=as
2-2p/a=s

If y= -6 when x= -24 what is the value of x when y= -7

Answers

x= -28. That should be correct! Hope this helps! 
y= - 6, x = -24

-6 x 4 = -24

-7 x 4 = -28

x = -28

hope this helps

round 421,906 to the nearest hundred thousand and to the nearest thousand

Answers

400,000 because of the hundred thousand

Thousands would be 421,000
421906 can be partitioned to 400000 + 20000 + 1000 + 900 + 00 + 6

The number 421906 is in between 400000 and 500000, but it's closer to 400000, so rounding to the nearest hundred thousand gives 400000

The number 421906 is in between 421000 and 422000, but it's closer to 422000, so the nearest thousand is 422000



Priscilla has 56 stickers in her collection. Write the prime factorization of 56

Answers

It can be:
2x2x2x2x7
Or, it can be:
2^3x7

Hope it helped :)

Answer:

Prime factorization: 56 = 2 x 2 x 2 x 7.

Step-by-step explanation:

Given  : 56

To find : Write the prime factorization.

Solution : We have given number 56.

Prime factorization : Factors of 56 as prime number

56 = 56 = 1 x 56, 2 x 28, 4 x 14, or 7 x 8.

Prime factorization: 56 = 2 x 2 x 2 x 7

Therefore, Prime factorization: 56 = 2 x 2 x 2 x 7.

At 4:00 am the outside temperature was 28*F. By 4:00 pm that same day it rose to 38 degrees.

Answers

The temperature is 66*F.

The temperature at 4:00 pm will be 66° F.

What are Integers?

An integer is a number with no decimal number or fractional part.

Given that;

At 4:00 am the outside temperature was 28*F. By 4:00 pm that same day it rose to 38 degrees.

Now, The temperature at 4:00 pm is calculated as;

= 28° F + 38° F

= 66° F.

Thus, The temperature at 4:00 pm will be 66° F.

Learn more about the integers visit:

https://brainly.com/question/26478372

#SPJ2

The complete question is this;

At 4:00 am, the outside temperature was 28*F. By 4:00 P.M. it rose 38 degrees. What was the temperature at 4:00 P.M. ?

Other Questions
Describe processes that occur while an organism is alive but cease when it is dead Assuming that hotspots remain fixed, in which direction was the pacific plate moving as the hawaiian islands were forming A teenager using current slang to distance herself from her parents' generation provides an example of which linguistic phenomenon? What is the factorization of 49b2 81 Which of the following individuals would most likely be a plebeian in the Roman empire Mercury is an element that is toxic to humans in high doses. How can humans reduce their risk of ingesting this element in harmful amounts? A.) Humans could avoid eating animals at high trophic levels, as their bodies contain more mercury than those at lower trophic levels. B.) Humans could avoid eating herbivores, such as plant-eating fish, as their bodies contain relatively high amounts of mercury compared with other animals. C.) Humans could avoid eating animals at all trophic levels, which all have equal risk of containing mercury, while consuming only plants. D.) Humans could avoid eating plants, as these contain especially high levels of mercury. X and y are supplementary angles y measures 97 Write a short conversation where you introduce yourself to a new classmate. Your classmate asks how you are and where you are from. Ask where your new classmate is from. Then tell your classmate that you are pleased to meet him or her. To help you steady a rifle when you're ready to shoot draw a deep breath and If you stand on a ship in a calm sea, then your height x (in feet) above sea level is related to the farthest distance y (in miles) that you can see by the equation: y=sqrt (1.5x+(x/5280)^2) how high up do you have to be to be able to see 10mi? In Nectar in a Sieve, which object serves as a recurring symbol to emphasize the thematic connection between humanity and nature? Rice Sari TanneryYoke Find the square.(4m 4)2 Difference between scientific notation and engineering notation All the internal structures are suspended (floating) in what substance at 3:00a.m,the temperature is -5F. Between 3:00a.m. and 6:00 a.m.,the temperature drops by 12F. Between 6:00a.m. and 9:00a.m., the temperature rises by 4F. What is the temperature at 9:00a.m.? pizza costs 1.50 per slice. use a table and an equation to represent the relationship between the number of slices of pizza bought and total cost Who was the great Florentine sculptor and painter whose works include the Piet , David, the Sistine Chapel ceiling, and the dome of St. Peters Basilica?. . . . A.. Donatello. . . B.. Michelangelo. . . C.. Raphael. . . D.. Brunelleschi What is the theme of amendment iv what strategy do you think politicians say will reduce health care spending? What is the rate of change of the volume of a ball with respect to the radius when the radius is? Steam Workshop Downloader