Colton is going to invest $59,000 and leave it in an account for 10 years. Assuming
the interest is compounded daily, what interest rate, to the nearest hundredth of a
percent, would be required in order for Colton to end up with $94,000?

Answers

Answer 1

Answer:

4.66

Step-by-step explanation:

A=P(1+

n

r

)

nt

Compound interest formula

A=94000\hspace{35px}P=59000\hspace{35px}t=10\hspace{35px}n=365

A=94000P=59000t=10n=365

Given values

94000=

94000=

\,\,59000\left(1+\frac{r}{365}\right)^{365(10)}

59000(1+

365

r

)

365(10)

Plug in values

94000=

94000=

\,\,59000\left(1+\frac{r}{365}\right)^{3650}

59000(1+

365

r

)

3650

Multiply

\frac{94000}{59000}=

59000

94000

=

\,\,\frac{59000\left(1+\frac{r}{365}\right)^{3650}}{59000}

59000

59000(1+

365

r

)

3650

Divide by 59000

1.593220339=

1.593220339=

\,\,\left(1+\frac{r}{365}\right)^{3650}

(1+

365

r

)

3650

\left(1.593220339\right)^{1/3650}=

(1.593220339)

1/3650

=

\,\,\left[\left(1+\frac{r}{365}\right)^{3650}\right]^{1/3650}

[(1+

365

r

)

3650

]

1/3650

Raise both sides to 1/3650 power

1.000127613=

1.000127613=

\,\,1+\frac{r}{365}

1+

365

r

-1\phantom{=}

−1=

\,\,-1

−1

Subtract 1

0.000127613=

0.000127613=

\,\,\frac{r}{365}

365

r

365\left(0.0001276\right)=

365(0.0001276)=

\,\,\left(\frac{r}{365}\right)365

(

365

r

)365

Multiply by 365

0.046578745=

0.046578745=

\,\,r

r

4.6578745\%=

4.6578745%=

\,\,r

r

Convert to percent (multiply by 100)

r\approx

r≈

\,\,4.66\%

4.66%


Related Questions

A worldwide organization of academics claims that the mean IQ score of its members is 118, with a standard deviation of 17. A randomly selected group of 35 members of this organization is tested, and the results reveal that the mean IQ score in this sample is 116.8. If the organization's claim is correct, what is the probability of having a sample mean of 116.8 or less for a random sample of this size

Answers

Answer:

0.3372 = 33.72% probability of having a sample mean of 116.8 or less for a random sample of this size

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

The mean IQ score of its members is 118, with a standard deviation of 17.

This means that [tex]\mu = 118, \sigma = 17[/tex]

Sample of 35:

This means that [tex]n = 35, s = \frac{17}{\sqrt{35}}[/tex]

What is the probability of having a sample mean of 116.8 or less for a random sample of this size?

This is the pvalue of Z when X = 116.8. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{116.8 - 118}{\frac{17}{\sqrt{35}}}[/tex]

[tex]Z = -0.42[/tex]

[tex]Z = -0.42[/tex] has a pvalue of 0.3372

0.3372 = 33.72% probability of having a sample mean of 116.8 or less for a random sample of this size

Find the volume of the figure below. Use 3.14 for π, and round your final answer to the nearest tenth.

Answers

Answer:

79.25 mm³

Step-by-step explanation:

The figure can be decomposed into 2 different half cylinders and a rectangular prism

Volume of the figure = volume of the smaller half cylinder + larger half cylinder + rectangular prism

✔️Volume of smaller half cylinder = ½(πr²h)

r = ½(2) = 1 mm

h = 5 mm

π = 3.14

Volume of smaller half cylinder = ½(3.14*1²*5)

= 7.85 mm³

✔️Volume of larger half cylinder = ½(πr²h)

r = ½(4) = 2 mm

h = 5 mm

π = 3.14

Volume of smaller half cylinder = ½(3.14*2²*5)

= 31.4 mm³

✔️Volume of rectangular prism = L*W*H

L = 5 mm

W = 4 mm

H = 2 mm

Volume = 5*4*2 = 40 mm³

✅Volume of the figure = 7.85 + 31.4 + 40

= 79.25 mm³

A spinner has 6 equal sections marked 1 through 6. You spin and land on a number less than 6?

Answers

the odds i think would be 5/6

HELP PLEASE ALGEBRA 1

Answers

Answer: See below. I did the first one as an example

Step-by-step explanation:

to find slope between 2 points use the formula

[tex]m=\frac{y_{2} -y_{1} }{x_{2} -x_{1} }[/tex]

1) (19,-16) ( -7,-15)

the first value in each pair is the x, the 2nd value is the y

19= x1

-7-x2

-16=y1

-15=y2

[tex]m=\frac{-15--16}{-7-19} \\m=\frac{1}{-26} \\m=-\frac{1}{26}[/tex]

If p is inversely proportional to the square of q, and p is 25 when q is 3, determine p
when q is equal to 5.

Answers

Answer:

p = 9 when q = 5.

Step-by-step explanation:

p is inversely proportional to the square of q

This means that:

[tex]p = \frac{k}{q^2}[/tex]

In which k is a constant multiplier.

p is 25 when q is 3

We use this to find k.

[tex]p = \frac{k}{q^2}[/tex]

[tex]25 = \frac{k}{3^2}[/tex]

[tex]k = 25*9 = 225[/tex]

So

[tex]p = \frac{225}{q^2}[/tex]

Determine p when q is equal to 5.

[tex]p = \frac{225}{q^2} = \frac{225}{5^2} = 9[/tex]

p = 9 when q = 5.

If Sin C= 9/20, then which of the following is closest to the measure of angle C?
Show work

A) 31 degrees

B) 36 degrees

C) 27 degrees

D) 41 degrees

Answers

Answer:

Step-by-step explanation:

2 to the 4th power divided by [(3.35 x 0.8) + 5.32]

Answers

Answer:

2

Step-by-step explanation:

First we need to rewrite this part word problem completely into numbers

2⁴ ÷ [(3.35 × 0.8) + 5.32]

Now we must solve. Remember to do parenthesis first.

3.35 × 0.8 = 2.68

2.68 + 5.32 = 8

Now we need to find the value of 2⁴

2⁴ = 2 × 2 × 2 × 2 = 16

Finally we need to divide 16 by 8

16 ÷ 8 = 2

So our final answer is 2

Each evening, Billy jogs around the high school track at a constant rate. The following equation describes the relationship between t, the time he jogs in hours, and d, the distance he jogs in kilometers. d = 7t Which graph represents the relationship between the amount of time Billy jogs and the distance he jogs?

Answers

The slope of the given line d = 7t is 7 kilometers per hour. Then the correct option is A.

What is the linear system?

A Linear system is a system in which the degree of the variable in the equation is one. It may contain one, two, or more than two variables.

Each evening, Billy jogs around the high school track at a constant rate.

The following equation describes the relationship between t, the time he jogs in hours, and d, the distance he jogs in kilometers.

d = 7t

The slope of the line will be 7,

Then graph A is correct.

More about the linear system link is given below.

https://brainly.com/question/20379472

A welder is making a metal sphere. The diameter will be 130 inches. What is the surface area of the metal sphere? Use 3.14 for π and round to the nearest tenth.

Answers

Answer:

53092.92 square inches

Step-by-step explanation:

Surface Area of a Sphere = 4πr2

Radius = ½D = 130÷2 = 65

4 × 3.14 × 65² = 53092.92

Tyler sold a total of $115,000 of exercise equipment last month. If his commission is 6.5% of sales, how much commission did he earn?

A.
$2,342

B.
$7,475

C.
$12,719

D.
$115,065

Answers

Answer:

B

Step-by-step explanation:

Do 115000/100x6.5    You get 7.475k

a
Henry runs business
preparing peoples taxes.
He has monthly expenses
off $25.30 for printer ink
and $52 for advertising.
So far his revenue for the
month has been $3,456,
what is the profit that he
had made?

Answers

Answer:

3,378.70

Step-by-step explanation:

First, find the total amount Henry spends a month. 25.30 for printer ink and 52 for advertising. 25.30+52=$77.30.

Subtract what he has spent from what he has made.

3,456-77.30=3,378.70

That is his profit.

A small airplane used 7 1/3 gallons of fuel to fly a 3 hour trip. How many gallons were used each hour? Each day?

Answers

Answer:

approximately 2.44 per hour, and 175.92 per day

Step-by-step explanation:

We can use 7.33 as 7 and 1/3rd.

If you take 7.33 and divide by 3, representing 3 hours, it equals 2.44333333.

If you round this to the nearest hundredth, you get the answer 2.44

For each day, you take the original number, 7.33, and multiply it by 8 to assume that the trip was 24 hours.

7.33 * 24 = 175.92.

Answer:

Step-by-step explanation:

Which describes the cross section of a cube that passes through the vertices A, B, C, and D shown below?
a rectangle that is not a square
a square
a paralelogram that is not a rectangle or a square
a trapezoid

Answers

Answer:

B. A square

Step-by-step explanation:


Pls help

If a varies jointly as b and c, find a when b = 4 and c = -3.

a = -96 when b = 3 and c = -8

a=

Answers

Answer:

a=4bc

a=4(4)(-3)=-48

a= - 48 when b equals to 3 is equals to - 8

The required answer by direct variation a is equal to 96. In other words, when b = 4 and c = -3, the value of a is 96.

When a variable varies jointly as two other variables, it means that the relationship between the variables can be expressed using direct variation. In this case, we have that "a varies jointly as b and c."

To find the value of a when b = 4 and c = -3, we can set up the proportion based on the direct variation relationship:

a/bc = k

where k is the constant of variation.

Substituting the given values:

a/(4)(-3) = k

Simplifying, we have:

a/-12 = k

Now, we can find the value of a when b = 4 and c = -3 by substituting these values into the equation and solving for a:

a/(-12) = k

a/(-12) = -96/-12 (since k = -96 when b = 3 and c = -8)

a = 96

Therefore, the required answer by direct variation a is equal to 96. In other words, when b = 4 and c = -3, the value of a is 96.

Learn more about direct variation here:

https://brainly.com/question/29150507

#SPJ2

Brad has a garden with dimensions 12 feet long x 7 feet wide. He wants to enlarge the garden to an area of 119 square feet. How much farther will he need to extend the length of the garden to attain his desired area?

Answers

Answer:

he needs to increase the length to 17 feet

Step-by-step explanation:

[tex]12 \times 7 \\ = 84 \\ to \: get \: {119}^{2} feet \: he \: must \: say \: \\ 119 \div 7 \\ = 17 \\ = 17 \times 7 = 119 \\ [/tex]

Answer:

28

Step-by-step explanation:

f58t85h85y8578

How to write 4 508 300
in words?​

Answers

four million five hundred and eight thousand three hundred

Computer software generated 500 random numbers that should look like they are from the uniform distribution on the interval 0 to 1. They are categorized into five groups:

1. less than or equal to 0.2
2. greater than 0.2 and less than or equal to 0.4
3. greater than 0.4 and less than or equal to 0.6
4. greater than 0.6 and less than or equal to 0.8
5. greater than 0.8.

The counts in the five groups are 113, 95, 108, 99, and 85, respectively. The probabilities for these five intervals are all the same. What is this probability? Compute the expected number for each interval for a sample of 500. Finally, perform the goodness of fit test and summarize your results.

Answers

Answer:

0.2 ; 100 ; 4.84

Step-by-step explanation:

Given that the probability of each of the 5 groups is the same :

Sum of probability = 1

Hence, Probability of each group = 1 / number of groups = 1 / 5 = 0.2

Expected number for each interval for a sample of 500 : ; X = 500

E(X) = X * P(x) = 500 * 0.2 = 100

Goodness of fit (X²) :

X² = Σ(X - E)² ÷ E

Groups :

113, 95, 108, 99, and 85

X : 113 ____ 95 ____ 108 ____ 99 _____ 85

(113 - 100)^2 / 100 = 1.69

(95 - 100)^2 / 100 = 0.25

(108 - 100)^2 / 100 = 0.64

(99 - 100)^2 / 100 = 0.01

(85 - 100)^2 / 100 = 2.25

(1.69 + 0.25 + 0.64 + 0.01 + 2.25) = 4.84

HEEEEEEEEEEEEEELLLLLLLLLLLLLLLLLLPPPPPPPPPPPPPPPPPP

Answers

Answer:

The volume of the tissue is 42 cubic inches

Step-by-step explanation:

Given

[tex]Base\ Area = 8.4in^2[/tex]

[tex]Height = 5in[/tex]

Required

The volume of the tissue

This is calculated as:

[tex]Volume = Base\ Area * Height[/tex]

So, we have:

[tex]Volume = 8.4in^2 * 5in[/tex]

[tex]Volume = 42in^3[/tex]

Help me I having a hard time with This one

Answers

Answer:

4

Step-by-step explanation:

4 students studied 4 hours or more.

Answer:

8

Step-by-step explanation:

at least means minimum so how many students studied a minimum of 4 hours?

A recipe for 12 cookies calls for 1 1/3 cups milk, 2 1/2 cups flour, and 1 3/4 cups other ingredients. How many cups of milk, flour, and other ingredients are needed to make 24 cookies?

Answers

wouldn’t it be double that amount?

Plz plz plz plz help

Answers

Answer:

we can substract the power 4 by taking up with 15 because using indices rule

Please help \^.^/
What is the solution to the inequality below?
x² =< 49

Answers

the answer would be B. I used m a th way to find out what the answer was, you could use that app if you ever come across a similar question!

At a middle school, 24 of the 144 students speak Vietnamese. What is the ratio of students that do not speak Vietnamese to students who speak Vietnamese?

Answers

They all speak Vietnamese because they are Vietnam

Answer:

1:6

Step-by-step explanation:

24 and 144 are divisible by 6. Do the math, it comes out as 1:6.

24:144 = 1:6

Please help me out!! :)

Answers

Answer:

3/4

Step-by-step explanation:

Tangent is opposite/adjacent

Therefore, 6/8 would be the answer which simplifies to 3/4.

8. A box is filled with candies in different colors. We have 40 white candies, 24 green ones, 12
red ones, 24 yellow ones and 20 blue ones. If we have selected one candy from the box
without peeking into it, find the probability of getting a green or red candy.

Answers

Answer:

[tex]P(Green\ or\ Red) = 0.30[/tex]

Step-by-step explanation:

Given

[tex]White = 40[/tex]

[tex]Green = 24[/tex]

[tex]Red = 12[/tex]

[tex]Yellow = 24[/tex]

[tex]Blue = 20[/tex]

Required

[tex]P(Green\ or\ Red)[/tex]

The total numbe of candy is:

[tex]Total = 40 + 24 + 12 + 24 + 20[/tex]

[tex]Total = 120[/tex]

This probability is calculated as:

[tex]P(Green\ or\ Red) = P(Green) + P(Red)[/tex]

For each, we have:

[tex]P(Green\ or\ Red) = \frac{Green}{Total} + \frac{Red}{Total}[/tex]

Take LCM

[tex]P(Green\ or\ Red) = \frac{Green+Red}{Total}[/tex]

[tex]P(Green\ or\ Red) = \frac{24+12}{120}[/tex]

[tex]P(Green\ or\ Red) = \frac{36}{120}[/tex]

[tex]P(Green\ or\ Red) = 0.30[/tex]

A square has an area of 64 square ft. What would be the measureme of its side? * ​

Answers

8ft

hope this helps, have an amazing day <3

Answer:8

Step-by-step explanation:

8x8=64

Rosalind made 969 donuts and put 8 donuts into each box. How many boxes of donuts were made

Answers

Answer:

121 donuts in each box

Step-by-step explanation:

969 divided by 8 = 121.125

(Ignore the remainder)

Step by step solution:

We know that there are 969 doughnuts, and there are 8 doughnuts per box. What we need to find out is how many boxes of doughnuts were made.

Step 1:

Set up an equation for Number of doughnuts (969) / Number of doughnuts per box (8) = Number of boxes made (x), which would look like this:

969/8 = x

Step 2:

Doing this, we can get 121.125, which leaves us with

121.125 = x

121.125 = 121.125

Which gives us the answer of 121.125, which we can shorten to 121, as the decimal is not necessary.

Checking our answer:

We can check our answer simply be rewording our 1st equation to solve for the number of doughnuts made. This would give us the equation Number of doughnuts per box (8) * Number of boxes made (121.125) = x. Solving this equation would look like

8 * 121.125 = x

969 = x

969 = 969

Answer: By completing the steps above we get 121, and we can check our work by rewording the problem to solve for the number of Doughnuts. Good Luck!

Michael made a scale model of the Empire State Building. The building has an actual height of 381m. Michael's models used a scale in which 1 cm = 50 m. what is the height of of the model in cm​

Answers

Answer:

7.62 cm

Step-by-step explanation:

set up a proportion then cross-multiply:

1 / 50 = x / 381

50x = 381

x = 381/50

What is the probability of choosing a numbered card from a deck of cards? Type your answer as a fraction.

Answers

Answer:

36/52 or 9/13

Step-by-step explanation:

Ace-9 for all suits; Diamond, Hearts, Spades and Clubs

36/52 because there are 4 non-numbered cards in each suit.

CAN YALL HELP ME PLEASE Deanna's times, seconds, for running the 100 meter dash this week were: 10.80 0,10.99,11.02,10.80,11. and 10.96 . 10.78 1.10, 10.88, 10.72, 10.15 Which measure of center would most accurately describe Deanna's typical time, and what is the value of that measure of center? Move a word and a value to complete the sentence . The best center of measure for this data is the which is equal toseconds mean median 10.88 10.9010,8 11.1​

Answers

Answer:

MEDIAN11.1

Step-by-step explanation:

[tex]{hope it helps}}[/tex]

MEAN and 10.90

this is the answer i got u guys PLZ LIKE THIS so i can get my level up

Other Questions
t-Butyl alcohol was produced by the liquid-phase hydration (using water, W) of isobutene (I) over an Amberlyst-15 catalyst. a. Trueb. False que piensas sobre el concepto de la familia hispana vs. la familia norteamericana. what is scienceand technogy Can the probability of an event be greater than 1 Which statements describe the gods According to Greek mythology? Which statements BEST describes the impact of Africa's tropical rain forest on the population of the region?Answer this for me plzzz asap Find YZ. Geometry, circles. Fill in the blank with the word that best completes the question. ______ est-ce que Marianne part en vacances? Qui N'est-ce pas? O Que How do I solve this arithmetic sequence? 15 points! Solve n = 2xy-1/zy for x y=2x+3 y=4x+7 solve by elimination The high temperatures for the last seven days are: High Temperatures: 81, 78, 83, 89, 80, 87, 78Find the MODE of the temperatures. A box has a surface area of 450 cm. Its length and width are 6 and 8 respectively. What is its height? The author claims that the spread of the fast food industry has grown so significantly that one cant escape its influence. How does this word choice impact the tone of the text?please answer if you know the answer and i need it asap! The dimensions of an iPhone are x 2 and x + 3. If the area of an iPhone is 14 square inches, find the dimensions of the iPhone challenges faced when dealing with labour issues In my country, we make so much waste, we buy and throw away, buy and throw away, buy and throw away, and yet northern countries will not share with the needy. (Repetition) purpose and effect on the audience using repetition what is kano?and what of mieaneng of kano what is kano PLEASE HELP ME I NEED THIS TO PASS Am I right or should I make any adjustments?