Leo invests $2,000 at an interest rate of 4%, compounded quarterly, and another $2,000 at an interest rate of 3.75%, compounded annually. How much are the investments worth in total at the end of 3 years?

Answers

Answer 1

Investments worth $4487.19 in total at the end of 3 years.

Solution:

Principal, P = 2000

Rate, R = 4% compounded quarterly

Rate, R = 3.75% compounded annually

Year, n = 3

Formula for compound interest when compounded quarterly:

[tex]Amount=P(1+\frac{\frac{R}{4} }{100})^{4n}[/tex]

Substitute P = 2000, R = 4% and n = 3

[tex]Amount=2000\times(1+\frac{\frac{4}{4}}{100})^{4\times3}[/tex]

              [tex]=2000\times(1+\frac{1}{100})^{12}[/tex]

              [tex]=2000\times(\frac{100+1}{100})^{12}[/tex]

              [tex]=2000\times(\frac{101}{100})^{12}[/tex]

              = 2253.65

Amount when compound interest calculated quarterly is 2253.65.

Formula for compound interest when compounded annually:

[tex]Amount=P(1+\frac{R}{100})^{n}[/tex]

Substitute P = 2000, R = 3.75% and n = 3

[tex]Amount=2000\times(1+\frac{3.75}{100})^{3}[/tex]

              [tex]=2000\times(\frac{100+3.75}{100})^{3}[/tex]

              [tex]=2000\times(\frac{103.75}{100})^{3}[/tex]

              = 2233.54

Amount when compound interest calculated annually is 2233.54.

Total amount = 2253.65 + 2233.54

                      = 4487.19

Hence, investments worth $4487.19 in total at the end of 3 years.


Related Questions

The area of a parallelogram increased from 40 to 128 square centimeters what is area percentage?

Answers

Answer:

320

Step-by-step explanation:

j u s t a g u e s s b u t i t h i n k i t s r i g h t

To find the area percentage increase when the area of a parallelogram increased from 40 to 128 square centimeters, calculate the percentage change as 220%.

The area percentage increase can be calculated as follows:

Initial area = 40 cm²Final area = 128 cm²Area increase = 128 cm² - 40 cm² = 88 cm²Percentage increase = (Area increase / Initial area) x 100%Substitute the values: Percentage increase = (88 cm² / 40 cm²) x 100% = 220%

how to do multiplication ​

Answers

Context?                                                                                                                      

??????????????                              

3 x 9 = 9 + 9 + 9 = 27

4 x 5 = 5 + 5 + 5 + 5 = 20

8 x 6 = 6 x 6 x 6 x 6 x 6 x 6 x 6 x 6 = 48

The general strategy for solving an equation of the form x/a = b is to
O
A. divide both sides by b
O
B. multiply both sides by a
O
c. multiply both sides by b
D. divide both sides by a
E. divide both sides by x

Answers

Answer:

B, hope this helps you!

The general strategy for solving an equation of the form x/a = b is to multiply both sides by a.

What is an Equation ?

A mathematical statement that two expressions are equal: it is either an identity in which the variables can assume any value, or a conditional equation in which the variables have only certain values (roots) the act of regarding as equal .

Solving equations is computing the value of the unknown variable still balancing the equation on both sides.

The general strategy for solving an equation of the form x/a = b

To solve this equation we will multiply both sides by a

On multiplying

x = ab

Therefore Option B. multiply both sides by a is the correct answer.

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Li’s garden is shaped like a rectangle. The area of the garden is 232 meters. If the length is 8 meters, what is the perimeter?
16 m
29 m
58 m
74 m

Answers

Answer: 29 m

Step-by-step explanation: First find the width

Since Area = Length x Width

Width = Area/Length = 232/8 = 29

Please mark as the brainliest! Thanks!

What is the volume of the figure below?

Answers

Answer:

420 cm

Step-by-step explanation:

Four times a number, n, added to 3 is 47

Answers

Answer:

4 x 11 + 3 = 47

Step-by-step explanation:

n = 11

The equation that represents the situation will be 4n + 3 = 47. And the solution of the equation is 11.

What is the solution to the equation?

The allocation of weights to the important variables that produce the calculation's optimum is referred to as a direct consequence.

Four times a number, n, added to 3 is 47. Then the equation is given as,

4n + 3 = 47

Simplify the equation, then we have

4n + 3 = 47

4n = 47 - 3

4n = 44

n = 11

The equation that represents the situation will be 4n + 3 = 47. And the solution of the equation is 11.

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What fraction of 56 is 21

Answers

Answer:

[tex]\frac{8}{3}[/tex]

Step-by-step explanation:=

= [tex]\frac{56}{21}[/tex]  ( Divide both sides by 7)

= [tex]\frac{8}{3}[/tex]

21 is 3/8 fraction of 56.

What is fraction?

A fraction describes a part of a whole. For example, one slice of a pizza is a fraction of the whole pizza.

Given that, what fraction of 56 is 21,

Finding the fraction, we get,

21 / 56 = 7(3) / 7(8)

= 3 / 8

Hence, 21 is 3/8 fraction of 56.

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Complete the conversion. 104 km = ______ m A. 10.4 m
B. 104 m
C. 10,400 m
D. 104,000 m

Answers

Answer:

The area of a the parallelogram is 88meers squared

6) Janelle has 150 surveys she has to hand out. She conducts 11 surveys
an hour, x. Which equation models the situation?

Answers

Answer:

y = 150 - 11x

Step-by-step explanation:

Janelle is starting out with 150 surveys and if she is conducting 11 surveys an hour, then that means you need to subtract 11x from 150 because that will give you how many surveys she has left.

MARKING BRAINLIST | What is the value of y?

Answers

Answer: y = 5

Step-by-step explanation:

This triangle is isosceles.

So, ∠ABC = ∠ACB = 75°

Now,

sum of interior angles of a triangle = 180°

∠ABC + ∠ACB + ∠BAC = 180°

75° + 75° + (4y + 10)° = 180°

160° + 4y° = 180°

4y° = 20°

y = 5

In a town there are 1349 families. If there are on average two children attending elementary school from each family and each school can accommodate 220 children, the minimum number of elementary schools need in the region is?

Answers

Answer:

13

Step-by-step explanation:

First find the number of children attending elementary school

= 1349*2

= 2698 children

Now each school can accommodate 220 children so divide the number of children by 220

=  

= 12.26 which is the closest to 13 in the options so the answer is 13

Step-by-step explanation:

Kim Jones works for an hourly rate of 7.50. This week kim worked 39 hours. What is Kim’s gross pay for this week?

Answers

Kim's gross pay for this week is $292.50.

To calculate Kim's gross pay for this week,

we multiply the number of hours she worked by her hourly rate.

In this case, Kim worked 39 hours and her hourly rate is $7.50.

So, we can multiply 39 by $7.50 to find her gross pay.

39 * $7.50 = $292.50

Therefore, Kim's gross pay for this week is $292.50.

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which is an equation of the line that passes through the points (5,2) and (10,-3)​

Answers

Answer:

y = x - 4

Step-by-step explanation:

equation of a line can be expressed as

(x - x1)/(x2 - x1) = (y - y1)/(y2 - y1)

(x - 5)/(10 - 5) = (y - 2)/(-3 - 2)

cross multiplying,

-5(x - 5) = 5(y - 2)

clearing the parentheses

-5x + 10 = 5y - 10

hence,

5y = 5x - 20

y = x - 4

Kyle swan 450 yards in 5 minutes. What is the average number of yards he swam per minute?

Answers

Answer:

90 yards a minute

Step-by-step explanation:

The way to figure this out is simple. Just do the amount of yards he or she did total, which is 450, then divided it by the amount of time it took him or her to do so, which is 5 minutes, meaning the equation is 450 divided by 5 equaling 90.

Answer:i think its 90

Step-by-step explanation:

450 / 5 = 90

What is the vertex of the graph of f(x) = |x + 3|+ 7? (3,7) (7,3) (-3, 7)(7,-3)

Answers

Answer:

vertex (-3 , 7)

Step-by-step explanation:

vertex (h, k)     f(x) = a | x - h | + k

f(x) = |x + 3|+ 7 ,    h = - 3 and k = 7

vertex (-3 , 7)

The value of vertex of the graph would be,

⇒ (-3 , 7)

What is Coordinates?

A pair of numbers which describe the exact position of a point on a cartesian plane by using the horizontal and vertical lines is called the coordinates.

We know that;

Standard form of equation is,

⇒  f(x) = a | x - h | + k

Where, vertex = (h, k)  

Here, The equation of graph is,

f(x) = |x + 3|+ 7 ,    

And, h = - 3 and k = 7

Thus, The value of vertex of the graph would be,

⇒ (-3 , 7)

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What is 12.5% written as a fraction in simplest form?

Answers

Answer:

1/8

Step-by-step explanation:

Check: 12.5 * 8 = 100

Answer:

1/8 is the simplest form

Step-by-step explanation:

12.5% = 12.5/100 = 125/1000

125/125 = 1

1000/125 = 8

= 1/8

9th grade math thanks

Answers

Answer:

Plumber A has greater initial fee

Step-by-step explanation:

Plumber B:

Hourly charge = 160 - 105 = $55

Initial charge = 105 - 55 = $50

Equation: y = 50 + 55x

Answer:

C

Step-by-step explanation:

For plumber A : y = 100 + 30x

For plumber B :

Let the total charge be y

Initial charge be x

Hourly rate be za

For total price = 105 in 1hr

105 = x + a ........(1)

For 160 total charge in 2hrs

160 = x + 2a .........(2)

Substracting (1) from (2)

160 - 105 = 2a - a

55 = a

Substituting a = 55 in (1)

105 = x + a

105 = x + 55

x = 105 - 55

x = 50

:- equation for total charge is

y = 50 + 55a

Write an algebraic expression for the phrase.

7 inches shorter than 6 times the length x of a table in inches

7x + 6

6x + 7

7x – 6

6x – 7

Answers

The required "option d) 6x – 7" is correct.

Step-by-step explanation:

To find, an algebraic expression for the given phrase = ?

6 times the length x = 6x

and

7 inches shorter than 6 times the length x

= 6x - 7

∴ 7 inches shorter than 6 times the length x of a table in inches = 6x - 7

Hence, the required "option d) 6x – 7" is correct.

The slope of the line below is 2. Use the coordinates of the labeled point to
find a point-slope equation of the line. (1,9)
O A. y-9 = 2(x - 1)
O B. y+9 = -2(x + 1)
O C. y+ 9 = 2(x+1)
O D. y-9=-2(x - 1)

Answers

Answer:

Step-by-step explanation:

y - y1 = m(x - x1)

(1,9)...x1 = 1 and y1 = 9

slope(m) = 2

now we sub

y - 9 = 2(x - 1) <===

Final answer:

The point-slope equation of the line with slope 2 that passes through the point (1, 9) is y - 9 = 2(x - 1).

Explanation:

To find the point-slope form equation of a line with a given slope and a point, use the formula y - y1 = m(x - x1),

where (x1, y1) is the point on the line and m is the slope.

In this case, the slope is given as 2 and the point is (1,9).

Substituting these values into the point-slope form formula yields the equation y - 9 = 2(x - 1), which represents the linear relationship between x and y corresponding to the described line.

What is the fraction Simplify 300/220

Answers

Answer:

15/11

Step-by-step explanation:

Because the GCF is 20

Hope this helps:)

Answer:

15/11

Step-by-step explanation:


Given the line below.



Write the equation of the line, in point-slope form. Identify (x1, y1) as the point (-2, 2). Use the box provided to submit all of your calculations and final answers.

Answers

Answer:

The equation of the line in point slope form is equal to

[tex]y+2=(x+2)[/tex]

Step-by-step explanation:

The picture of the question in the attached figure

step 1

Find the slope

The formula to calculate the slope between two points is equal to

[tex]m=\frac{y2-y1}{x2-x1}[/tex]

we have

(-2,-2) and (2,2)

substitute the values

[tex]m=\frac{2+2}{2+2}=1[/tex]

step 2

Find the equation of the line in point slope form

[tex]y-y1=m(x-x1)[/tex]

we have

[tex]m=1\\(x1,y1)=(-2,-2)[/tex]

substitute the values in the formula

[tex]y-(-2)=(1)(x-(-2))\\y+2=(x+2)[/tex]

How to solve the inequality x+8>2

Answers

Answer:

the answer to the inequality is x>-6

Step-by-step explanation:

x+8>2

x>2-8

x>-6

Help!!!!!!!!!!!!!!!!

Answers

Answer:

If the input is n then the output f(n) will be 4n - 8.

Step-by-step explanation:

Let the input of the function is denoted by x and the output is denoted by y.

Then, two ordered pairs of the linear function i.e.(x,y) are (2,0) and (3,4).

Therefore, the relation between x and y i.e. the equation of the straight line will be given by

[tex]\frac{y - 4}{4 - 0} = \frac{x - 3}{3 - 2}[/tex]

⇒ y - 4 = 4(x - 3)

⇒ y = 4x - 8

f(x) = 4x - 8

Therefore, if the input is n then the output f(n) will be 4n - 8. (Answer)

What is the final elevation if a butterfly starts at 20 m and changes -16 m

Answers

Answer:

Therefore the final elevation of the butterfly is 4 m.

Step-by-step explanation:

i) initial elevation = 20 m

ii) change in elevation = -16m

iii) therefore final elevation = initial elevation + change in elevation

               =   20 m + (-16 m)  

              =   (20 - 16) m

               =    4 m

Therefore the final elevation of the butterfly is 4 m.

Answer:

4

Step-by-step explanation:

Evaluate using the order of operations.
3/4 + 5/6 ÷ 2/3
What is the answer?

Answers

Answer: Its 2

Step-by-step explanation: PEMDAS Keep.Change.Flip.

5/6×3/2=15/12=1 3/12

1 3/12+3/4(3/3)

1 3/12+9/12=1 12/12=2. BOOM!

Answer would be greatly appreciated. (MATH)

Answers

Answer:

6

Step-by-step explanation:

you would plug in 5 for x so the new equation would be 2(5) -4 so the answer is 6

Which equation has the same solution as x
2

6
x

14
=
0

Answers

Answer:

x = -2

Step-by-step explanation:

Joyce lost 26 lbs on her diet. During vacation she gained 4 lbs. How much was her overall loss?

Answers

She lost 22lbs over all
She lost 22 pounds in total. -26+4 =-22

a village having a population of 4000, requires 150 litres of water per head per day. it has a tank measuring 20m x 15m x 6m. for how many days will the water of this tank last?

Answers

The water will last for 3 days

Solution:

Given that, village having a population of 4000, requires 150 litres of water per head per day

Let us first find the volume of tank

The tank measuring 20m x 15m x 6m

Length = 20 m

Breadth = 15 m

Height = 6 m

[tex]volume\ of\ tank = length \times breadth \times height[/tex]

[tex]Volume\ of\ tank = 20 \times 15 \times 6 = 1800[/tex]

Thus volume of tank is 1800 cubic meter

From given,

Water required per person per day = 150 liters

Therefore, water required for 4000 people per day is:

[tex]\rightarrow 4000 \times 150 = 600000 \text{ liters }[/tex]

Convert to meters

[tex]600000 \text{ liters } = 600000 \times \frac{1}{1000}\ m^3\\\\600000 \text{ liters } = 600\ m^3[/tex]

How many days will the water of this tank last?

[tex]\text{Number of days water will last } = \frac{\text{volume of tank}}{\text{total water required per day}}[/tex]

[tex]\text{Number of days water will last } = \frac{1800}{600} = 3[/tex]

Thus the water will last for 3 days

5 A dangerous criminal has escaped from
prison. The police believe he could not have
traveled more than 10 mi in any direction
from the prison. How many square miles
must be searched?

Answers

Answer:

314 mile²

Step-by-step explanation:

area = πr² = 3.14 x 10² = 314 mile²

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