Find the term t of each continuously compounded account below rounded to the nearest tenth of a year. In the chart, B is the
ending balance, P is the principal, and r is the interest rate expressed as a percent.
Answers
Therefore , the term t of each continuously compounded account is 23.1 years.
What is compound interest ?Compound interest is the practice of adding interest to the principal of a loan or deposit. It happens when interest is reinvested, added to the lent capital rather than paid out, or when the borrower is forced to pay it, resulting in interest being generated on the principal amount plus any accumulated interest the following period. Compound interest is frequently used in economics and finance.
Here,
A) To determine the account's annual growth rate, we must calculate the impact of continual compounding. Similar to the nominal rate (APR) and actual yield (APY) on a bank's interest-bearing account, the yield will be marginally greater due to compounding and indicate actual growth rather than growth rate. Note e is a very lengthy number that can be entered with as many digits as your calculator allows if you don't have a financial calculator handy. e = 2.71828183
A = P[tex]e^{rt}[/tex] But for this, we only need to calculate growth or ert; we don't need to worry about P. When rounding in accordance with the instructions, we set t = 1 for a year and have er (or 2.71828183.03), which equals 1.03045, therefore the account increases by 3.05% annually.
B) 3000 = 1500[tex]e^{0.3t}[/tex] [Divide both sides by 1500]
To isolate t, we must determine the natural logarithm of each side (e's natural logarithm is 1 and 2's natural logarithm is 0.693). 2 = e.03t
0,693 =.03t [Subtract both sides from .03]
23.1 = t
C) Using the formula from section A, first determine the original investment's worth after ten years. A = P A = 1500e.03*10 A = 1500e.3 A = 2,024.79
Next, use the yearly compounding formula to get the value of the second investment.
A = P(1+r)t
A = 1200(1+.045)10
A = 1,863.56
After ten years, the initial investment would be worth more.
Therefore , the term t of each continuously compounded account is 23.1 years.
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Related Questions
Jeremiah wants to send some of his shirts to a dry cleaner. he usually takes his clothes to Spot-Less Dry cleaners, where he pays $4.50 per shirt. He sees a sign at No Mess or Stress Dry Cleaners that says it's $21.00 to have 4 shirts cleaned. Which is the better deal?
Answers
answer:spot-less
Step-by-step explanation:
21.00 divided by 4 is 5.25 so you'd be payingmore at "no mess or stress dry"
I WILL MARK BRAINLIEST The account balance of each of three children at the end of a month is shown below: Kyle has -52.25 Jason has -52.00 Sue has as much savings in her account as the amount Kyle owes the bank. Part A: On a blank paper, draw a number line from -4 to +4. Plot points on the number line to show the account balances of the three children Label the points using the name of each of each child . describe in detail how you created and labeled this number line,and what it looks like in detail Part B: Determine whether Kyle or Jason owes the bank more Use absolute values and inequalities to write statements that justify your conclusion (5 points)
Answers
9514 1404 393
Answer:
see attached
Step-by-step explanation:
Given:
Kyle's balance is -$2.25
Jason's balance is -$2.00
Sue's balance is: $2.25
Required:
A: plot and label the points on a number line from -4 to +4
describe how you did it
B: determine who owes more
Solution:
Part A: For the attached plot, we used the Desmos graphing calculator utility, giving it the points (-2.25, 0), (-2.00, 0), and (2.25, 0) to plot on x-y coordinates. The y-axis and minor grid lines are suppressed in order to better approximate a number line. The "label" facility is utilized to attach labels to the points.
Part B: Balances are owed to the bank when the balance is negative. The more negative it is, the more is owed. Kyle's point is farthest to the left on the number line (and is left of 0), so Kyle owes more. The ordering is ...
-2.25 < -2.00 < 0
where |-2.25| > |-2.00|. The number -2.25 is Kyle's balance, so he owes more.
Hello! The girl above me is correct :)
Find the sum of these
Answers
Step-by-step explanation:
5x² - 8x + 2 + x² - 6x +3
= 6x²- 14x + 5
how much greater is 620,000 than 62?
Answers
Answer:
10,000
Step-by-step explanation:
620,000/62 = 10,000
Pls help need help with answer b
Answers
Answer:
Field hockey has a higher variation of heights.
There is more of a difference between the different heights in field hockey.
Determine if the representation below is an example of a function or not a function (1,3), (3,3), (4,5), (6,5), (7,7), (9,7)
Answers
Answer:
Yes.
Step-by-step explanation:
No x value is used twice.
PLEASE HELP ASAP!!!! GOING TO GIVE 30 POINTS
Answers
Answer:
The second answer option
Step-by-step explanation:
Lmk if you need explanation
Class intervals in a grouped frequency distribution are given as 4−11, 12−19, 20−27, 28−35, 36−43. Write the next two class intervals.
i) what is the each class interval?
ii) write the class boundaries of all classes?
iii) what are the class marks of each class?
Answers
Answer:
{44-55}{52- 59 } are the last two interval sStep-by-step explanation:
To get the class boundaries deduct 0.5 from the first number and add 0.5 to the second number = 4-0.5 = 3.5 = 11.5 + 0.5 = 11.5 = 3.5 -11.5 as in the fish class boundary .same for all other boundariesduring a recent period of time compact discs sales have been declining. The sales (billions of dollars) can be modeled by the function (f)t= -9/7t+17.9, where T is the number of years since 2005. Suppose sales decreased at twice the rate. How can you transform F to model the sales?
a. vertically shrink by a factor of 1/2
b. vertically stretch by a factor of 2
c. horizontally shrink by a factor of 1/2
d. horizontally stretch by a factor of 2
Answers
I'm unsure how to solve for w, can someone please help?
Answers
Answer:
w = 1/2
Step-by-step explanation:
One of the ways to solve problems using log is to use these two equations that use the same variables and plug in numbers.
log b (a) = c
b^c = a
By plugging in the numbers we get this:
log 16 (4) = w
16^w = 4
w = 1/2
The chemical element einsteinium -253 naturally loses its mass over time . A sample of einsteinium-253 had an initial mass of 320 grams when we measured it. The relationship between the elapsed t, in days, and the mass,m(t), in grams left in the sample is modeled by the following function: M(t)=320•(0.125)^t/61.4 complete the sentence: the sample loses 87.5% of its mass every ___ days.
Answers
Answer: 61.4
Step-by-step explanation:
SOMEONE PLEASE HELP ME
There are 72 items on Ginny's bookshelf. of the items are hardcover books, 3 Imtia of the items are softcover books. 9 • The remaining items are DVDs. How many DVDs are on Ginny's shelf?
Answers
Answer:
There are 60 dvds.
Step-by-step explanation:
72 - 3 - 9 = 60
Evaluate the following for f(x) = 3(2)^x
1. f (2) =
2. f (-1) =
3. f (10) =
Answers
Answer:
1. f (2) = 3 x 2^x-1
2. f (-1) = -3 x 2^x
3. f (10) = 3 x 2^x/10
Step-by-step explanation:
which of the following is a example of a proportional relationship
*photo is down there
show proof for brainliest
Answers
Answer:
The third one
Step-by-step explanation:
You multiply x by 6 to get y. 1x6=6, 2x6=12, 3x6=18.
Please Help!, Brainliest to whoever helps
Answers
For positive acute angles A and B, it is known that sin A = 8/17 and cos B = 24/25
Find the value of sin(A + B) in simplest form.
Answers
Answer:
Step-by-step explanation:
Here we use the SUM FORMULA: sin(a + b) = sin a cos b + cos a sin b
sin(A + B) = sin A*cos B + cos A*sin B. We are not given cos A or sin B and so must find them using the Pythagorean Theorem x^2 + y^2 = z^2.
Looking at sin A = 8/17, we see that the "opposite side" is 8 and the "hypotenuse" is 17. Then (adjacent side) = √(17² - 8²) = 15; that is, the side adjacent to Angle A is 15. Thus, cos A = 15/17 and sin A = 8/17.
We find sin B similarly. cos B = (side adjacent to B)/25 = 24/25. Therefore the side opposite B is √(25² - 24²) = 7. Thus, sin B = 7/25 and cos B = 24/25.
Then sin (A + B) = sin A*cos B + cos A*sin B
= (8/17)*(24/25) + (15/17)(7/25)
Here there are two products of fractions. This product (above) can be rewritten as
8(24) + 15(7) (3)(64) + (3)(5)(7)
= sin A*cos B + cos A*sin B = --------------------------- = --------------------------
17(25) 17(25)
Evaluate the logarithm at the given value of x without using a calculator.
Value
Function
g(x) = log)(x)
х = Vь
Answers
9514 1404 393
Answer:
g(x) = 1/2
Step-by-step explanation:
You want to evaluate ...
[tex]g(x)=\log_b(x)=\log_b(\sqrt{b})\\\\g(x)=\log_b(b^\frac{1}{2})=\dfrac{1}{2}\log_b(b)=\dfrac{1}{2}\cdot 1\\\\\boxed{g(x)=\dfrac{1}{2}}[/tex]
One bar of candy A and two bars of candy B
have 767 calories. Two bars of candy A and
one bar of candy B contain 775 calories. Find
the caloric content of each candy bar.
Answers
I'm not 100% sure, but imma have a go.
Answer:
a = 261; b = 253
Step-by-step explanation:
label candy bar A as a
label candy bar B as b
Make 2 equations.
2b + a = 767 (1)
b + 2a = 775 (2)
Solve for a in (1)
2b + a = 767 (-2b)
a = -2b + 767
Substitute for into (2)
b + 2( -2b + 767 ) = 775 (flip)
2( -2b + 767 ) + b = 775 (solve)
−4b + 1534 + b = 775 (add b)
-3b + 1534 = 775 (subtract 1534 from both sides)
−3b = −759 (divide both sides by 3)
b = 253
Substitute b into (1)
a = -2b + 767 (substitute)
a = -2 (253) + 767 (solve)
a = -506 + 767 (add)
a = 261
write an exponential formula of the form f (t)= a×b^t to represent the following situation. assume t is in years. The beginning population is 27, 000, decreasing by 3.5% annually. f(t)=__________
Answers
Answer:
[tex]f(t)= 27000 * 0.965^t[/tex]
Step-by-step explanation:
Given
[tex]a = 27000[/tex] -- initial
[tex]r = 3.5\%[/tex]
Required
The exponential equation
The exponential equation is
[tex]y =ab^t[/tex]
Where
[tex]b=1 -r[/tex]
We used minus, because the rate decreases..
So, we have:
[tex]b=1 -3.5\%[/tex]
[tex]b=1 -0.035[/tex]
[tex]b=0.965[/tex]
So:
[tex]y =ab^t[/tex]
[tex]y = 27000 * 0.965^t[/tex]
Hence:
[tex]f(t)= 27000 * 0.965^t[/tex]
Sara uses 9.3 pints of white paint and blue paint to paint her bedroom walls.
3/5 of this amount is white paint, and the rest is blue paint. How many pints of blue paint did she use to paint her bedroom walls?
Answers
Answer:2.65
Step-by-step explanation:
The answer is 2.65
Find the value of x in the triangle shown below 8 10
Answers
Answer:
x = 6
Step-by-step explanation:
pythagorean theorem
a^2 = c^2 - b^2
a^2 = 10^2 - 8^2
a^2 = 100 - 64
a^2 = 36
sqrt a^2 = sqrt 36
a = 6
CHECK:
6^2 + 8^2 = 10^2
36 + 64 = 100
yes.
Find the volume of the cylinder to the nearest tenth
Answers
Answer:
1131 m^3
Step-by-step explanation:
Formula is π r^2h
then substitute the values r=6,h=10
1130.97
then round the number by nearest tenth.
which is 1131.
pls help me and I will mark u as brainliest plsssss plsssss please answer momoo anyone
Answers
What is the Area of the right angle
Answers
Answer:
141.96
Step-by-step explanation:
The area or solution for the area of a triangle is base* height divided by 2 so what I did was 31.2cm as the base and 9.1 as the height and I multiplied them together and then I divided by 2! Hope this helped!
Courtney made a 5.5 foot ramp
to help her dog get in her minivan.
If the back of her van is 3 feet
from the ground, what will be the
angle of elevation from the base of
the ramp to the van?
Answers
9514 1404 393
Answer:
33°
Step-by-step explanation:
We assume the 5.5 foot measurement is the length of the ramp surface. It will be the hypotenuse of a right triangle with the 3 ft side opposite the angle of interest. The applicable relationship is ...
Sin = Opposite/Hypotenuse
sin(angle) = (3 ft)/(5.5 ft)
angle = arcsin(3/5.5) ≈ 33.0°
The angle of elevation of the ramp is about 33°.
The graph of a function is shown on the coordinate plane below.
Which statement correctly describes the function on a given interval?
Answers
Answer: D
Step-by-step explanation:
I did it
The statement that correctly describes the function is:
The function is decreasing and nonlinear from x = 4 to x = 11.
Option D is the correct answer.
What is a function?A function has an input and an output.
A function can be one-to-one or onto one.
It simply indicated the relationships between the input and the output.
Example:
f(x) = 2x + 1
f(1) = 2 + 1 = 3
f(2) = 2 x 2 + 1 = 4 + 1 = 5
The outputs of the functions are 3 and 5
The inputs of the function are 1 and 2.
We have,
From the graph,
We see that,
The function is increasing and nonlinear from x = -7 to x = -4.
The function is constant and linear from x = -4 to x = 1.
The function is increasing and nonlinear from x = 1 to x = 4.
The function is decreasing and nonlinear from x = 4 to x = 11.
Thus,
The function is decreasing and nonlinear from x = 4 to x = 11.
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LM is 3x, MN is 2x+2. M is the midpoint of LN. What is LM?
Answers
Answer:
1/2
Step-by-step explanation:
3x=(1/2)(2x+2)
3x=x+1
3x-x=x-x+1
2x=1
x=1/2
4. Find PQ
N
Р
5x + 16
S
R.
9x - 32
Q
Answers
Answer on= 12
Step-by-step explanation:
The value of PQ in rhombus NPQR is 76 units.
The figure above is a rhombus.
Properties of a rhombus:All the sides are equal opposite angles are equalThe diagonal are perpendicular bisector of each other.Therefore,
PQ = NR = NP = RQ
5x + 16 = 9x - 32
5x - 9x = -32 - 16
-4x = -48
x = -48 / -4
x = 12
PQ = 5(12) + 16 = 60 + 16 = 76 units
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write a statment about what you think of harry potter
Answers
Answer:
DRACO MALFOY- i don't think this needs a further explanation. :)
Step-by-step explanation:
- Malfoy...DRACO Malfoy..
-Scared, Pottah?
-Honestly, Goyle, if you were any slower, you'd be going backwards.
-ItS kiLleD mE
-You and your bLOody ChiCKen
mk im done:)
Let A = {a, b, c}, B = {b, c, d}, and C = {b, c, e}. (a) Find A ∪ (B ∩ C), (A ∪ B) ∩ C, and (A ∪ B) ∩ (A ∪ C). (Enter your answer in set-roster notation.) A ∪ (B ∩ C) = (A ∪ B) ∩ C = (A ∪ B) ∩ (A ∪ C) = Which of these sets are equal? A ∪ (B ∩ C) = (A ∪ B) ∩ (A ∪ C) (A ∪ B) ∩ C = (A ∪ B) ∩ (A ∪ C) A ∪ (B ∩ C) = (A ∪ B) ∩ C (b) Find A ∩ (B ∪ C), (A ∩ B) ∪ C, and (A ∩ B) ∪ (A ∩ C). (Enter your answer in set-roster notation.) A ∩ (B ∪ C) = (A ∩ B) ∪ C = (A ∩ B) ∪ (A ∩ C) = Which of these sets are equal? A ∩ (B ∪ C) = (A ∩ B) ∪ C (A ∩ B) ∪ C = (A ∩ B) ∪ (A ∩ C) A ∩ (B ∪ C) = (A ∩ B) ∪ (A ∩ C) (c) Find (A − B) − C and A − (B − C). (Enter your answer in set-roster notation.) (A − B) − C = A − (B − C) = Are these sets equal? Yes No
Answers
Answer:
(a)
[tex]A\ u\ (B\ n\ C) = \{a,b,c\}[/tex]
[tex](A\ u\ B)\ n\ C = \{b,c\}[/tex]
[tex](A\ u\ B)\ n\ (A\ u\ C) = \{b,c\}[/tex]
[tex](A\ u\ B)\ n\ C = (A\ u\ B)\ n\ (A\ u\ C)[/tex]
(b)
[tex]A\ n\ (B\ u\ C) = \{b,c\}[/tex]
[tex](A\ n\ B)\ u\ C = \{b,c,e\}[/tex]
[tex](A\ n\ B)\ u\ (A\ n\ C) = \{b,c\}[/tex]
[tex]A\ n\ (B\ u\ C) = (A\ n\ B)\ u\ (A\ n\ C)[/tex]
(c)
[tex](A - B) - C = \{a\}[/tex]
[tex]A - (B - C) = \{a,b,c\}[/tex]
They are not equal
Step-by-step explanation:
Given
[tex]A= \{a,b,c\}[/tex]
[tex]B =\{b,c,d\}[/tex]
[tex]C = \{b,c,e\}[/tex]
Solving (a):
[tex]A\ u\ (B\ n\ C)[/tex]
[tex](A\ u\ B)\ n\ C[/tex]
[tex](A\ u\ B)\ n\ (A\ u\ C)[/tex]
[tex]A\ u\ (B\ n\ C)[/tex]
B n C means common elements between B and C;
So:
[tex]B\ n\ C = \{b,c,d\}\ n\ \{b,c,e\}[/tex]
[tex]B\ n\ C = \{b,c\}[/tex]
So:
[tex]A\ u\ (B\ n\ C) = \{a,b,c\}\ u\ \{b,c\}[/tex]
u means union (without repetition)
So:
[tex]A\ u\ (B\ n\ C) = \{a,b,c\}[/tex]
Using the illustrations of u and n, we have:
[tex](A\ u\ B)\ n\ C[/tex]
[tex](A\ u\ B)\ n\ C = (\{a,b,c\}\ u\ \{b,c,d\})\ n\ C[/tex]
Solve the bracket
[tex](A\ u\ B)\ n\ C = (\{a,b,c,d\})\ n\ C[/tex]
Substitute the value of set C
[tex](A\ u\ B)\ n\ C = \{a,b,c,d\}\ n\ \{b,c,e\}[/tex]
Apply intersection rule
[tex](A\ u\ B)\ n\ C = \{b,c\}[/tex]
[tex](A\ u\ B)\ n\ (A\ u\ C)[/tex]
In above:
[tex]A\ u\ B = \{a,b,c,d\}[/tex]
Solving A u C, we have:
[tex]A\ u\ C = \{a,b,c\}\ u\ \{b,c,e\}[/tex]
Apply union rule
[tex]A\ u\ C = \{b,c\}[/tex]
So:
[tex](A\ u\ B)\ n\ (A\ u\ C) = \{a,b,c,d\}\ n\ \{b,c\}[/tex]
[tex](A\ u\ B)\ n\ (A\ u\ C) = \{b,c\}[/tex]
The equal sets
We have:
[tex]A\ u\ (B\ n\ C) = \{a,b,c\}[/tex]
[tex](A\ u\ B)\ n\ C = \{b,c\}[/tex]
[tex](A\ u\ B)\ n\ (A\ u\ C) = \{b,c\}[/tex]
So, the equal sets are:
[tex](A\ u\ B)\ n\ C[/tex] and [tex](A\ u\ B)\ n\ (A\ u\ C)[/tex]
They both equal to [tex]\{b,c\}[/tex]
So:
[tex](A\ u\ B)\ n\ C = (A\ u\ B)\ n\ (A\ u\ C)[/tex]
Solving (b):
[tex]A\ n\ (B\ u\ C)[/tex]
[tex](A\ n\ B)\ u\ C[/tex]
[tex](A\ n\ B)\ u\ (A\ n\ C)[/tex]
So, we have:
[tex]A\ n\ (B\ u\ C) = \{a,b,c\}\ n\ (\{b,c,d\}\ u\ \{b,c,e\})[/tex]
Solve the bracket
[tex]A\ n\ (B\ u\ C) = \{a,b,c\}\ n\ (\{b,c,d,e\})[/tex]
Apply intersection rule
[tex]A\ n\ (B\ u\ C) = \{b,c\}[/tex]
[tex](A\ n\ B)\ u\ C = (\{a,b,c\}\ n\ \{b,c,d\})\ u\ \{b,c,e\}[/tex]
Solve the bracket
[tex](A\ n\ B)\ u\ C = \{b,c\}\ u\ \{b,c,e\}[/tex]
Apply union rule
[tex](A\ n\ B)\ u\ C = \{b,c,e\}[/tex]
[tex](A\ n\ B)\ u\ (A\ n\ C) = (\{a,b,c\}\ n\ \{b,c,d\})\ u\ (\{a,b,c\}\ n\ \{b,c,e\})[/tex]
Solve each bracket
[tex](A\ n\ B)\ u\ (A\ n\ C) = \{b,c\}\ u\ \{b,c\}[/tex]
Apply union rule
[tex](A\ n\ B)\ u\ (A\ n\ C) = \{b,c\}[/tex]
The equal set
We have:
[tex]A\ n\ (B\ u\ C) = \{b,c\}[/tex]
[tex](A\ n\ B)\ u\ C = \{b,c,e\}[/tex]
[tex](A\ n\ B)\ u\ (A\ n\ C) = \{b,c\}[/tex]
So, the equal sets are:
[tex]A\ n\ (B\ u\ C)[/tex] and [tex](A\ n\ B)\ u\ (A\ n\ C)[/tex]
They both equal to [tex]\{b,c\}[/tex]
So:
[tex]A\ n\ (B\ u\ C) = (A\ n\ B)\ u\ (A\ n\ C)[/tex]
Solving (c):
[tex](A - B) - C[/tex]
[tex]A - (B - C)[/tex]
This illustrates difference.
[tex]A - B[/tex] returns the elements in A and not B
Using that illustration, we have:
[tex](A - B) - C = (\{a,b,c\} - \{b,c,d\}) - \{b,c,e\}[/tex]
Solve the bracket
[tex](A - B) - C = \{a\} - \{b,c,e\}[/tex]
[tex](A - B) - C = \{a\}[/tex]
Similarly:
[tex]A - (B - C) = \{a,b,c\} - (\{b,c,d\} - \{b,c,e\})[/tex]
[tex]A - (B - C) = \{a,b,c\} - \{d\}[/tex]
[tex]A - (B - C) = \{a,b,c\}[/tex]
They are not equal