Leah is going to invest $30,000 and leave it in an account for 7 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would be required in order for Leah to end up with $40,000?

Answers

Answer 1

The interest rate which is required in order for Leah to end up with $40,000 in his account which is compounded daily, is 4.11%.

What is compound interest?

Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.

The formula for the final amount with the compound interest formula can be given as,

[tex]A=P\times\left(1+\dfrac{r}{n\times100}\right)^{nt}\\[/tex]

Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate r of in the time period of t.

Leah is going to invest P=$30,000 and leave it in an account for t=7 years.

The interest is compounded daily.The final amount of A is $40,000?

Put the values in the above formula to find rate of interest.

[tex]A=P\times\left(1+\dfrac{r}{n\times100}\right)^{nt}\\40000=30000\times\left(1+\dfrac{r}{12\times30\times100}\right)^{12\times30\times(7)}\\r=4.11 \5[/tex]

Thus, the interest rate which is required in order for Leah to end up with $40,000 in his account which is compounded daily, is 4.11%.

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Related Questions

PLEASE HELP!! BOTTOM QUESTION!!

Answers

Answer:

7/10

Step-by-step explanation:

There are 20 students in the class.

The scores are :

100, 95, 88, 62, 74, 90, 100, 58, 72, 60, 85, 90, 70, 72, 54, 100, 60, 80, 75, 51

* scores ≥ 70 have been highlighted in bold

Out the 20, 14 students have passed.

Hence, the fraction of students passed :

14/207/10

PLS HELLLLP!!!!!!!! I need 10 people to answer within the next 20 minutes what their favorite shoe brand. It is for an Algebra Project due Monday.

Answers

Answer:

Keen

Step-by-step explanation:

Favorite shoe brand = Keen

Answer:

Nike

Step-by-step explanation:

Nike shoes are great and comfy

prove that the point [1,2] is equidistance from the point [4,-2], [5,-1] and [-2,6] ​

Answers

Step-by-step explanation:

Proof: equidistance means at an equal distance from two points

so: Take the distance formula and then plug the values in and compare.

Which expression is equivalent to 50E(n(41+3))?
n=1

Answers

Answer:

its D

Step-by-step explanation:

equivalent of 50En-1+n(4n+3))is4{50(50+1)(2×60+1)+3{50(51)_2}

solve for x:2x^2-5x-3=0​

Answers

Answer:

The value of x = 3 or -1/2

Step-by-step explanation:

2x²-5x-3=0

=> 2x² - 6x + x - 3 =0

=> 2x ( x - 3) + 1 ( x -3) =0

=> (2x+1) ( x-3) =0

x = 3 or x = -1/2

2 people can plough a field in 5 hours how long would it take 3 people?

Answers

Answer:

7 hours and 30 minutes

Step-by-step explanation:

because if you divide the 5 hours by the 2 people you get 2 hours and 30 minutes so if you add one more person you are basically adding 2 hours and 30 minutes so if u add that 2 hours and 30 minutes to the 5 hours you will get 7 hours and 30 minutes

write the equation of a line:
a) parallel to the line 3x+5y=-10
b) parallel to the line 2y-4x=5 and which goes through the point (3,7)
c) perpendicular to the line 8x+6y=-1 and which goes through the point (-2,1)

THANKS!!

Answers

a)    Line parallel to the line 3x+5y=-10 is -6x-10y=9

b)    Line parallel to the line 2y-4x=5 and which goes through the point

       (3,7) is y= 2x-1.

c)      Line perpendicular to the line 8x+6y=-1 and which goes through the

        point (-2,1) is 4y= 3x+ 10


What is equation of line?

The standard form of equation of a line is ax + by + c = 0. Here a, b, are the coefficients, x, y are the variables, and c is the constant term. It is an equation of degree one, with variables x and y.

a) Equation parallel to 3x+5y=-10 is

    -6x-10y=9

So, it satisfies:  [tex]\frac{a_1}{a_2} = \frac{b_1}{b_2} \neq \frac{c_1}{c_2}[/tex]

b)given equation into the form of y=mx+c,

     2y-4x=5

we can find the gradient of the line.

  2y= 5+4x

  y= [tex]\frac{5}{2}[/tex] + 2x

Hence, the gradient is 2.

As, Parallel lines have the same gradient

Thus the line would also have a gradient of 2.

Substitute m=2 into the equation:

y= 2x +c

To find the value of c, substitute a pair of coordinates.

When x=3, y=7,

7= 2(3) +c

7= 6 +c

c=6-7

c= -1

So, equation of line be: y= 2x-1.

c) Given: 8x+6y=-1

     6y= -1-8x

     y= [tex]\frac{-1}{6} -\frac{4}{3}x[/tex]

Hence, m= [tex]-\frac{4}{3}[/tex]

We know, if two lines are perpendicular have m and m' as slope then,

m*m'=-1

[tex]\frac{-4}{3} *m'=-1[/tex]

 m'= [tex]\frac{3}{4}[/tex]

Now, y= [tex]\frac{3}{4}[/tex] x +c

   

Put x= -1 and y=1

then, 1= [tex]\frac{3}{4}[/tex] (-2) + c

         c= [tex]\frac{5}{3}[/tex]

So,  y= [tex]\frac{3}{4}[/tex] x + [tex]\frac{5}{2}[/tex]

     4y= 3x+ 10

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Hunter misses 10% of the free throws he attempts in a season. How many total free throws did he attempt if he missed 54?

Answers

Answer:

540

Step-by-step explanation:

If you divide 540 by 100 (100%) you get 5.4 then multiply it by 10 (10%) to get 54 again. THIS WAS TO CHECK TO GET: 10% or 100% is 10 so multiply 54•10=540

Hope this helps! ;-)

For each graphically defined function below, state the domain, the range, and the intervals on which the function is increasing, decreasing, or constant.


Domain:
Range:
Increasing:
Decreasing:
Constant Intervals?

Answers

Answer:

See below ~

Step-by-step explanation:

Domain : range of x -values

Minimum = -2Maximum = 3Domain = [-2, 3]

Range : possible y-values

Maximum point is 2Minimum point is -2Range = [-2, 2]

Increasing :

[-2, 0]

Decreasing :

x = [0, 3]

Constant :

None

50 points!! Question 1) Are the corresponding angles in figures ABCD and WXYZ congruent? Yes or No? Question 2) Are the corresponding sides in figures ABCD and WXYZ proportional? Yes or No? Show work for question 2. Question 3) Are figures ABCD and WXYZ similar? Yes or no?

Answers

No, there is not a rigid transformation or a combination of rigid transformations that will map ABCD to WXYZ.

What is congruency?

The Side-Angle-Side Congruence Theorem (SAS) defines two triangles to be congruent to each other if the included angle and two sides of one are congruent to the included angle and corresponding two sides of the other triangle.

Two figures are congruent if their vertices can be mapped into one another by appropriate rigid transformation or a combination of rigid transformations. Examples of the transformation are; reflection, dilation, rotation and translation.

Comparing the two figures, it would be observed that they are not congruent. Since there is not a rigid transformation or a combination of rigid transformations that will map ABCD to WXYZ.

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Answer:not congruent.

Step-by-step explanation:

PLEASE HELP WILL MARK BRAINLIEST
only number 8

Answers

Answer:
Area is = to 1017.88
Circumference is = to 113.1
Step-by-step explanation:
To find the area of a circle use the formula A=πr2
So . . .
A = π18²
A = π324
A = 1017.88
To find the circumfrence of a circle use formula C=2πr
So . . .
C = 2π18
C= 113.1
Hope this helps
Brainliest please!

Answer:

a=646.84   c=113.04

Step-by-step explanation:


77. the volume of a cube is increasing at a rate of [tex]10 \mathrm{~cm}^{3} / \mathrm{min}[/tex] . how fast is the surface area increasing when the length of an edge is [tex]30 \mathrm{~cm} ?[/tex]

Answers

Answer:

[tex]\displaystyle \frac{4}{3}\text{cm}^2/\text{min}[/tex]

Step-by-step explanation:

Given

[tex]\displaystyle \frac{dV}{dt}=10\:\text{cm}^3/\text{min}\\ \\V=s^3\\\\SA=6s^2\\\\\frac{d(SA)}{dt}=?}\:;s=30\text{cm}[/tex]

Solution

(1) Find the rate of the cube's edge length with respect to time at s=30:

[tex]\displaystyle V=s^3\\\\\frac{dV}{dt}=3s^2\frac{ds}{dt}\\ \\10=3(30)^2\frac{ds}{dt}\\ \\10=3(900)\frac{ds}{dt}\\\\10=2700\frac{ds}{dt}\\\\\frac{10}{2700}=\frac{ds}{dt}\\\\\frac{ds}{dt}=\frac{1}{270}\text{cm}/\text{min}[/tex]

(2) Find the rate of the cube's surface area with respect to time at s=30:

[tex]\displaystyle SA=6s^2\\\\\frac{d(SA)}{dt}=12s\frac{ds}{dt}\\ \\\frac{d(SA)}{dt}=12(30)\biggr(\frac{1}{270}\biggr)\\\\\frac{d(SA)}{dt}=\frac{360}{270}\biggr\\\\\frac{d(SA)}{dt}=\frac{4}{3}\text{cm}^2/\text{min}[/tex]

Therefore, the surface area increases when the length of an edge is 30 cm at a rate of [tex]\displaystyle \frac{4}{3}\text{cm}^2/\text{min}[/tex].

1/3 Person who anwsner get brainlist

Answers

Answer:

1/3 is the same as 0.33...(The decimal continues on from here.)

Solve: 5.6 = 3.1 – 12.5|1 – 0.8x|



5.6 = 3.1 – 12.5|1 – 0.8x|
2.5 = –12.5|1 – 0.8x|
–0.2 = |1 – 0.8x|
Finish the steps shown to find the possible value(s) for x that make the statement true.

x = –1 or x = 1.5
x = 1 or x = –1.5
x = 0
There are no solutions.

Answers

Answer:

There are no solutions.

Step-by-step explanation:

Questions:

Solve: 5.6= 3.1 – 12.5|1 – 0.8x|

To find:

The value of x.

Solutions:

5.6= 3.1 – 12.5|1 – 0.8x|

First, do switch sides.

[tex]\Longrightarrow:\sf{3.1-12.5\left|1-0.8x\right|=5.6}[/tex]

Multiply by 10 from both sides.

[tex]\Longrightarrow: \sf{3.1*10-12.5|1-0.8x|*10=5.6*10}[/tex]

Solve.

31-125|1-0.8x|=56

Subtract by 31 from both sides.

[tex]\Longrightarrow: \sf{31-125\left|1-0.8x\right|-31=56-31}[/tex]

Solve.

[tex]\Longrightarrow: \sf{-125\left|1-0.8x\right|=25}[/tex]

Divide by -125 from both sides.

Solve.

[tex]\Longrightarrow: \sf{\dfrac{-125\left|1-0.8x\right|}{-125}=\dfrac{25}{-125}=\boxed{\sf{No\ solutions.}}}[/tex]

Therefore, the correct answer is "D. There are no solutions."

I hope this helps, let me know if you have any questions.

There are no solutions.

Carlos wrote a check for $44.92 to pay his gas bill. he’ll use the check register to record his transaction. what will be his new balance? a check register has a balance of 415 dollars and 1 cent. $345.09 $370.09 $434.93 $459.93

Answers

His new balance after the check is deducted will be $370.09

How to determine his new balance?

From the question, we have the following parameters:

Initial Balance = $415.01 Check amount = $44.92

The new balance is then calculated using:

New balance = Initial Balance - Check

So, we have:

New balance = 415.01 - 44.92

Evaluate

New balance = 370.09

Hence, his new balance will be $370.09

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Answer:

c

Step-by-step explanation:

Which number has a repeating decimal form?

A. the square root of 15
B. 11/15
C. 3/20
D. 2/6

please help me​

Answers

D is the answer because it is 0.333333333333333333333333343 hence it is a recurring decimal


What is the phenotype of a Squibble that is heterozygous for the trait of fur color?
Trait
AA
Aa
Number of Fingers 4
4
Fur color
Blue
Tail Length
Short
Eye Color
Brown
Green
Short
Brown
3
Gray
Long
Green

Answers

Answer:

charlie brown chicken sandwich

Step-by-step explanation:

if 110% of a number is 528, then the number is:
a) 475.2
b) 52.8
c) 480
d) 580.8
e) 475

Answers

Answer:

c) 480

Step-by-step explanation:

Any percentage can be converted to a number ratio by dividing by 100%.

E.g. 100%/100% = 1

Following this concept, we can find the equivalent of 110% :

110%/100% = 1.1

Since 528 is 1.1 times the number we are looking for, we just need to divide 528 by 1.1 to find our number. This is because 1.1/1.1 = 1

528/1.1 = 480

Hope this helped!


Which is the graph of g(x) = (0.5)* + 3 – 4?

Answers

Answer:

The graph will be an exponential function that crosses the y-axis at about (0, -4).

Which the is the correct answer?

Answers

To solve this problem, we need to use combination which is statistical tool to determine the number of ways an event may occur. The combination to select a 5 a side team from 12 students is 792.

Combination

This a mathematical technique that is used to determine the number of possible arrangements in a collection of items where the way they're arranged does not matter.

Data;

Number of Students = 12Team = 5

The combination for this would be

[tex]C = ^1^2C_5 = 792[/tex]

The combination to select a 5 a side team from 12 students is 792.

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Help its a math problem * please see attached images below ....The graph of f(x) is shown below on the coordinate grid. Which graph shows the transformed linear function f(x) +2?

Answers

Answer:

4th graph

Step-by-step explanation:

I believe that they are just saying f(x) and then adding 2 to each of the corrdnants to x+2 y+2

Answer:

See below ~

Step-by-step explanation:

The +2 in the equation : f(x) + 2, indicates the y-intercept of the graph lies at (0, 2). The 4th graph (attached below) is the correct answer.

Mike paid $\$1.25$ for a stamp three years ago. He was just offered double that amount for the stamp. Assuming the stamp's offer price doubles every three years, how many dollars will he be offered in 12 more years

Answers

Answer: $40

Step-by-step explanation:

If the worth of the stamp is double that of its original price 3 years ago ($1.25), the current price of the stamp should be $2.50. If that doubles every 3 years the answer should look something like this:

3 years: $5 (2.50X2=5)

6 years: $10 (5X2=10)

9 years: $20 (10X2=20)

12 years $40 (20X2=40)

In 12 years the stamp will be worth $40.


65. show that of all the isosceles triangles with a given perimeter, the one with the greatest area is equilateral.

Answers

Answer:

Below.

Step-by-step explanation:

I can do this using calculus but the algebra will be a bit messy.

Let the 2 equal sides of isosceles triangle be x and the base be y units long.

Then perimeter p = 2x + y.

Area A = 0.5yh  where h is the altitude of the triangle.

h =  sqrt [x^2 - (0.5y)^2]

=  [x^2 - (0.5y)^2]^0.5

So A = 0.5y * [x^2 - (0.5y)^2]^0.5

From the perimeter formula y = p - 2x so:

A = 0.5(p-2x) * [x^2 - (0.5(p-2x)^2]^0.5

A = 0.5(p-2x) * [x^2 - 0.25(p^2 - 4xp + 4x^2)]^0.5

A = 0.5(p-2x) * [x^2 - 0.25p^2 + xp - x^2]^0.5

A = (0.5p-x) * [xp - 0.25p^2]^0.5

We now find the derivative and equate it to zero to find the value of x which corresponds to a maximum area.

We use the product rule:

dA/dx =   (0.5p-x)* 0.5(xp - 0.25p^2)^(-0.5) * p  - 1(xp - 0.25p^2)^0.5 = 0

p(0.5p - x) / (2((xp - 0.25p^2)^0.5 -  (xp - 0.25p^2)^0.5 = 0

p(0.5p - x) / (2((xp - 0.25p^2)^0.5 =  (xp - 0.25p^2)^0.5

Now multiplying though by (2((xp - 0.25p^2)^0.5 :-

p(0.5p - x) = 2 (xp - 0.25p^2)

0.5p^2 - px = 2px - 0.5p^2

p^2 = 3px

x = p^2/3p = p/3

So for a maximum value of the area x = p/3.

But y = p - 2x

         = p - 2(p/3)

          = p -  2/3p

           = p/3

- but we've just shown that x = p/3

That means that x = y and the triangle is Equilateral.

how do I find the x intercepts and vertex of y=(x+3)(x+5)-​

Answers

Answer:

See below ~

Step-by-step explanation:

Finding the x-intercepts :

y = 0 is the condition for an x-intercept0 = -(x + 3)(x + 5)x + 3 = 0 ⇒ x = -3x + 5 = 0 ⇒ x = -5The x-intercepts are : (-3, 0) and (-5, 0)

Finding the vertex :

Expand the polynomialy = -(x + 3)(x + 5)y = -(x² + 3x + 5x + 15)y = -(x² + 8x + 15)y = -x² - 8x - 15Vertex = (h, k)h = -b/2a = 8/2(-1) = -4k = -D/4ak = -(-4 + 3)(-4 + 5)k = -(-1)(1)k = 1The vertex is : (-4, 1)

i need help please thanks​
I will give brainlessly

Answers

~Answer~
_____________________________________

1. yes ±4

2. no, it's between 9 and 4

3. no, it's between 25 and 9

4. yes ±7

5. yes ±11

6. no, it's between 81 and 64

~Step-by-step explanation~
_____________________________________

ok I'll walk you through this
1. x²=16
x = ±4 because (-4)(-4) is 16 and (4)(4) is also 16
4. x²=49
x=±7 because (-7)(-7)=49 and (7)(7) is also 49
5. x²=121
x=±11 because (-11)(-11)=121 and (11)(11)=121.

_____________________________________

Hope this helps and have a good day!

P.S. Brainliest :)

Help please lol???????​

Answers

back at it again, this time following directions. i beielive it should be 549.5 cm^3 using the V of a cylinder is pi x r^2 x h
Answer: 376.8 cm^2

Step-by-Step Explanation:

We know, the Surface Area of Cylinder:
= 2pi*r(r + h)

r = 5 cm
h = 7 cm

Therefore,
= 2 * pi * r (r + h)
= 2 * 3.14 * 5 (5 + 7)
= 2 * 3.14 * 60
= 376.8

Therefore, the T.S.A is 376.8 cm^2

Please mark as Brainliest if it helped!

What is the answer????????

Answers

Answer:

[tex] \sqrt{ - 100} = 10i = 0 + 10i[/tex]

Use the following data set to answer questions 9-16:
11, 18, 8, 15, 24, 14 9.
Identify the median. Round to the nearest tenth.​

Answers

Answer:

The answer is 14

Step-by-step explanation:

Put the numbers in order from least to greatest

9,8,11,14,15,18,24

Then you find the number in the middle and in this case that number would be 14

Hope this helps:)....if not then sorry for wasting your time and may God bless you:)

A plane can fly 3952 kilometers in 3 hours. If the plane flies in cloudy skies, it can fly 184 less kilometers than usual within the same time. What is the speed for the plane flies in cloudy skies?

Answers

Answer:

18

Step-by-step explanation:

[tex]184 \times 3 = 59 \div 2 = \times \frac{?}{?} [/tex]

Find the distance between the points (1,2) and (9,8)

Answers

Answer:

10

Step-by-step explanation:

✓(y1-y2)²+(x1-x2)²

✓(2-8)²+(1-9)²

✓(-6)²+(-8)²

✓36+64

✓100

=10

Answer:

10

Step-by-step explanation:

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