Aaron invested $570 in an account paying an interest rate of 7% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 8 years?

Answers

Answer 1

Answer:

The amount of money that would be in the account after 8 years is approximately $998

Step-by-step explanation:

The given parameters for the compound interest investment are;

The amount Aaron invested = $570

The interest rate of the investment = 7%

The mode of compounding of the interest = Continuously

The number of years the amount is invested = 8 years

For a compounded continuously interest rate, we have;

[tex]A = P \cdot e^{r \cdot t}[/tex]

Where;

A = The future value =The amount realized from the investment after the time of investment

P = The initial value = The principal amount invested

e = Euler's number = Mathematical constant

r = The interest rate = 7%

t = The time of investment = 8 years

Therefore, by substituting the known values, we have;

[tex]A = 570 \times e^{0.07 \times 8} \approx 997.883325[/tex]

The amount of money that would be in the account after 8 years to the nearest dollar = The future value of the investment = A ≈ 998

The amount of money that would be in the account after 8 years to the nearest dollar ≈ $998.


Related Questions

Joe buys a compact disc that costs $29.99. He give the store clerk $50.00.

How much change should he get?

Answers

Answer:

$20.01

Step-by-step explanation:

Simply subtract $29.99 from $50.00 so, your problem should be set up like this:

You substitute the numbers with 10s, but there cannot be more than one.

Answer:

$20.01

Step-by-step explanation:

You should subtract 50.00 and 29.99, and since there are three zeros, you have to borrow from the five, making it a four. Then, you make the first zero into a 10, then borrow from that one, making it a nine, same with the second zero. Then, for the third zero, you only borrow one from the second zero, turning the second one into a nine and the third on into a 10. You then start the subtracting process. This is the first part to the problem:

50.00 - 29.99 = ?

Then, this is what you should have after:

49.91(0) - 29.99 = ?

This is what you get after:

20.01

Then, add the dollar sign. You will get:

$20.01

Hope it helped!

At what point do the lines y= 2x + 3 and y = 5x - 9 intersect? ​

Answers

Answer:

(4,11)

Step-by-step explanation:

y=2x+3

y=5x-9

the first equation is equal to the second equation so

2x+3=5x-9

put like terms together

2x-5x= -9-3

-3x= -12

divide both sides by -3

.•.x=4

now, use the value of x to find the value of y like this:

y=2x+3 (x=4)

y=2(4)+3

y=8+3

y=11

therefore, the two lines intersect at the point (4,11)

A = Pert
A small forest has 30 rabbits and grows continuously
at a rate of 60%. How many rabbits do you expect to
see in this forest after 5 years? Round your answer to
the nearest whole rabbit.
PLZZZZZZZZ HELP ASAP ND THANK YOU

Answers

Answer:   603

========================================================

Work Shown:

P = 30 = initial populatione = 2.71828 = a constant (similar to pi = 3.14)r = 0.60 = growth rate in decimal formt = 5 = number of years

Applying those values gets us the following

A = P*e^(r*t)

A = 30*2.71828^(0.60*5)

A = 602.56489

A = 603

After five years, there are approximately 603 rabbits in that forest.

Clothing Online An online clothing company sells custom sweatshirts. The company charges ​$2.99 for shipping plus ​$6.00 for each sweatshirt. Write a linear function rule that models the total cost y​ (in dollars) for any number of sweatshirts x.

Answers

50 is the answer to your question glad to help

Dakota received a mark of 68% on his math test.
The test had 25 questions.
How many questions did Dakota answer correctly?

Answers

Answer:

17 right

Step-by-step explanation:

68 percent of 25 is 17

PLEASE MARK ME AS BRAINLIEST!!!!!<3

Dakota answers 17 questions correctly

I don’t get this at all please help!!

Answers

Answer:

I can't this type of mathematics

Answer:

29) x = 12

30) x = 6

31) x = -4

32) x = 5

Not sure if the degree symbol is needed for the answer.

Step-by-step explanation:

Apply angle sum of triangles to all 4 questions.

29) (3x + 4) + 50 + 90 = 180 i.e. x = 12

30) (8x + 7) + 35 + 90 = 180 i.e. x = 6

31) 64 + 65 + (x + 55) = 180 i.e. x = -4

32) 70 + 35 + (14x + 5) = 180 i.e. x = 5

Help ill mark u brainliest

Answers

answer:

8x - 16 + 5x + 15 = 90

and

8x - 6 + 18x + 4 = 180

If you were to buy a municipal bond for $100 and it returned 1% per year for four years how much interest would you have after four years?

$100
$4
$40
$400

Answers

Answer:

$4

Step-by-step explanation:

As, interest = PTR /100

= 100 x 1 x 4/ 100

= $4

Total Interest = $4

pleaseee help meee will give brainliest or whateva

Answers

Answer:

The value of x = 12.

Step-by-step explanation:

We know that two angles are termed as supplementary when the sum of the measure of their angles is 180°.

We also know that a straight line angle measures 180°.

It is clear that the angles 72° and 9x° line on a straight line. Thus, the sum of the measure of their angles is 180°.

Therefore,

9x° + 72° = 180°

9x° = 180° - 72°

9x° = 108

divide both sides by 9

9x/9 = 108/9

x = 12

Therefore, the value of x = 12.

Answer and will mark brainliest

Answers

Answer:

30

Step-by-step explanation:

What is the product of d – 9 and 2d2 + 11d – 4?

2d3 – 7d2 – 103d + 36
2d3 – 7d2 – 95d + 36
2d3 + 7d2 – 95d + 36
2d3 + 7d2 – 103d + 36

Answers

Answer:

A.

2d3 – 7d2 – 103d + 36

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

Manuel opened a savings account with an initial balance. Each week he adds $20 to the account. After 6 weeks he has $170 in the account.
Find and interpret the rate of change and the initial value.

Answers

He starts with 50 because 6x2=12 add a zero u get 120 then subtract that from 170 and you get 50

The school has 330 students in 11 classrooms. What is the unit rate of
students per classroom? Explain how you got your answer.

Answers

This is a fraction equal to
330 Students ÷ 11 Classrooms

We want a unit rate where
1 is in the denominator,
so we divide top and bottom by 11

330 Students ÷ 11
11 Classrooms ÷ 11
=
30 Students
1 Classroom
=
30 Students
Classroom
= 30 Students per Classroom

The answer is 11. Hope this helps

b) Prove that
Tan 47°\cot 43°= 1​

Answers

Answer:

Here's the proof

Step-by-step explanation:

tan(47°)/cot(43°)

=tan(90°-47°)/cot(43°)

=cot(43°)/cot(43°)

=1 (proven)

Answer:

Step-by-step explanation

Loll

Which set of ordered pairs contains only points that
are on the graph y = 15 – 2x?
A {(-3, 18), (0, 15), (6, 9)}
B
{(-5, 10), (-3, 6), (5, -10)}
С
{(-5, 25), (-1, 17), (8, -1)}
D {(-7, 1), (-4, 7), (2, 19)}

Answers

Answer:

a

Step-by-step explanation:

a

your answer is c !!! Look at the picture for more information.


Please mark me BRAINLEST.

BRAINLIST PLEASEEEE HELP

Answers

Answer:

About 527.79

Step-by-step explanation:

formula is A=2πrh+2πr^2

Answer:

[tex]527.52\:\mathrm{in^2}[/tex]

Step-by-step explanation:

The surface area of this cylinder consist of two circles and a 3D outer edge with respect to the circumference. The area of a circle is given as [tex]r^2\pi[/tex]. Using [tex]\pi=3.14[/tex] as requested in the problem, the area of both these circles is:

[tex]2\cdot6^2\cdot 3.14=226.08\:\mathrm{in^2}[/tex].

The area of the outer edge is the circumference of the circle multiplied by the height. The circumference of a circle is given by [tex]2r\pi[/tex].

Therefore, the circumference's 3D outer edge is:

[tex]8\cdot2\cdot6\cdot 3.14 = 301.44\:\mathrm{in^2}[/tex].

Adding these up, the total surface area is:

[tex]226.08+301.44=\fbox{$527.52\:\mathrm{in^2}$}[/tex].

Which equation could be a true statement by substituting n with a number greater than 10? A 10=n + 1/2. B 10=2n. C 10= n - 0.5. D 10 = 2 ( divided) n

Answers

Answer:

I can't read it.

Step-by-step explanation:

Type the correct answer in the box. If necessary, use / for the fraction bar.
A fish tank is a cube. Its side length is 4 1/2 feet.
The volume of water needed to completely fill the fish tank is ______ cubic feet.

Answers

Answer:

15 i think

Step-by-step explanation:

Answer:

Step-by-step explanation:

There are 4 cups in a row from left to right. The green cup is somewhere between the yellow and blue cups. The red cup is somewhere left of the yellow cup. Based on that information, how many different arrangements of these cups could there be?

Answers

Answer:

Le answer tis 4 UwU

Step-by-step explanation: G'day mate!

P.S- Brainlest plzz??

Answer:

5

Step-by-step explanation:

e

Round answers to three decimal places. Area of 1st rectangle =0.022 Area of 2nd rectangle = Area of 3rd rectangle = Area of 4th rectangle = Area of 5th rectangle = Area of 6th rectangle = Total area =

Answers

Answer:

Total area ≈ 0.082 ​

Step-by-step explanation:

Round answers to three decimal places.

Area of 1st rectangle = 0.032

Area of 2nd rectangle =25 x 0.000863

= 0.022

Area of 3rd rectangle = 0.014

Area of 4th rectangle = 0.008

Area of 5th rectangle = 0.004

Area of 6th rectangle = 0.002

Total area = 0.082 ​

Rounding up to 3 decimal places: this means 3 numbers after the decimal point

Area of 1st rectangle ≈ 0.032

Area of 2nd rectangle ≈ 0.022

Area of 3rd rectangle ≈ 0.014

Area of 4th rectangle ≈ 0.008

Area of 5th rectangle ≈ 0.004

Area of 6th rectangle ≈ 0.002

Total area = 0.032 + 0.022 + 0.014 + 0.008 + 0.004 + 0.002

= 0.082

Total area ≈ 0.082 ​

Answer:

Round answers to three decimal places.

Area of 1st rectangle =0.022

Area of 2nd rectangle =  

⇒ 0.014

Area of 3rd rectangle =

⇒ 0.008

Area of 4th rectangle =

⇒ 0.004

Area of 5th rectangle =  

⇒ 0.002

Area of 6th rectangle =

⇒ 0.001

Total area =  

⇒ 0.051

Step-by-step explanation:

edg 2021

Liam and Harper are racing on a track. Liam runs 4 miles per hour and gets a 0.25 mile head start. Harper runs 0.5 miles per hour fastet than Lism. If harper and Liam run the same distance, how many hours, x, do they run?

Answers

Answer:

30 minutes = 0.5 hour

Step-by-step explanation:

0.5 miles faster than Liam:

4x + 0.25 = 4.5x

0.25 = 4.5x - 4x

0.25 = 0.5x

x = 0.25 / 0.5

x = 0.5 hours

x = 30 minutes

write an expression that is equivalent to 3/4 a + 2/3 - 1/2 a - 1/3 + 1/2 a​

Answers

Hi there is this 0pp called Math-way that will help

While back-to-school shopping, you find two pairs of jeans that cost $29 each, three shirts that cost $16 each, and a pair of shoes for $21. What is the total cost of these items, if the store is offering a 30% discount?

Answers

Answer:

$88.9

Step-by-step explanation:

First, you have to calculate the total cost of the items by adding up the results of multiplying the price of each item for its quantity:

Total cost=(29*2)+(16*3)+21

Total cost=58+48+21

Total cost=127

Now, you have to calculate 30% of that total and subtract that amount from the total cost:

127*30%=$38.1

127-38.1=$88.9

According to this, the answer is that the total cost of these items is $88.9 if the store is offering a 30% discount.

There are 96 girls and 72 boys who want to participate in 6th grade intramurals .If each team has the same number of girls and the same number of boys,How many boys and girls will be on each team?

Answers

Answer:

by taking Hcf of 96 and 72 we get 4 so each team have 4

'24' teams can be made with each team having 4 girls and 3 boys.

Given that,

No. of girls = 96

No. of boys = 72

Since the number of teams is not given, we will find by finding out the GCF(Greatest Common factor) of 96 and 72.

96 = 2 * 2 * 2 * 2 * 2 * 3

72 = 2 * 2 * 2 * 3 * 3

GCF = 2 * 2 * 2 * 3 = 24

Thus, a maximum of 24 teams can be formed. The number of girls and boys in each of these teams would be:

No. of girls in each team = Total girls/no. of teams

= 96/24

= 4 girls

No. of boys in each team = Total boys/no. of teams

= 72/24

= 3 boys

Thus, each team will have 4 girls and 3 boys.

Learn more about 'Greatest Common factor' here:

brainly.com/question/1983426

“George found that he blinked 85 times in 15 minutes. At this rate, how many seconds passed during 51 blinks?”
Please help

Answers

Answer:

9 minutes

Step-by-step explanation:

Rate of George's blinking:

85 / 15 = 17 blinks in 3 minutes

so after 51 blinks, 51 / 17 = 3, 3 x 3 = 9 minutes

what is x ? pleasee help !!!

Answers

Answer:

It is an unknown number but add 16 + 32 degrees and you get 48x degrees then multiply 48 X 72 degrees and you get 336 degrees.

Step-by-step explanation:

i have no clue what this one is can someone help

Answers

Answer:

the answer is b

Step-by-step explanation:

radius is half the number of diameter

Convert the measurements. Help me ASAP please!

Answers

Answer: 22.86

Step-by-step explanation:

9 inches = 22.86 centimeters:)

Write the rational number as a decimal. −1/15=

Answers

Answer:

Step-by-step explanation:

1.15

Answer:

-0.067

Step-by-step explanation:

this is a answer

What is the image point of (5,1) after a translation right 5 units and down 2 units?

Answers

Answer:

(10,-1)

Step-by-step explanation:

If it shifts right, that means that the x is increasing

5+5 = 10

if it shifts down, that means the y is decreasing

1-2=-1

x= 10 y=-1

(10,-1)

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