David’s bank offers a 36-month Certificate of Deposit (CD) with an APR of 2.25%. Use the compound interest formula to answer the following: a) If P = 2000, what is A(8)? b) Solve the equation A(t) = 4000 for t. c) What principal P should be invested so that the account balance is $2000 in three years?

Answers

Answer 1

Using compound interest, it is found that:

a) A(8) = 2389.66

b) t = 31.15

c) P = 1870.85

Compound interest:

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

A(t) is the amount of money after t years.  P is the principal(the initial sum of money).  r is the interest rate(as a decimal value).  n is the number of times that interest is compounded per year.  t is the time in years for which the money is invested or borrowed.

In this problem:

The APR is of 2.25%, hence [tex]r = 0.0225[/tex].No information about the number of compounding per year, hence [tex]n = 1[/tex].

Item a:

[tex]P = 2000[/tex], hence:

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

[tex]A(8) = 2000\left(1 + \frac{0.0225}{1}\right)^{8}[/tex]

[tex]A(8) = 2389.66[/tex]

Item b:

[tex]A(t) = 4000[/tex], hence:

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

[tex]4000 = 2000\left(1 + \frac{0.0225}{1}\right)^{t}[/tex]

[tex](1.0225)^t = 2[/tex]

[tex]\log{(1.0225)^t} = \log{2}[/tex]

[tex]t\log{1.0225} = \log{2}[/tex]

[tex]t = \frac{\log{2}}{\log{1.0225}}[/tex]

[tex]t = 31.15[/tex]

Item c:

[tex]A(3) = 2000[/tex], hence:

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

[tex]2000 = P\left(1 + \frac{0.0225}{1}\right)^{3}[/tex]

[tex]P = \frac{2000}{(1.0225)^3}[/tex]

[tex]P = 1870.85[/tex]

A similar problem is given at https://brainly.com/question/24850750


Related Questions

Solve for x.

4/5(x−3/10)=−2 1/4

Enter your answer as a mixed number in simplest form in the box.

Answers

Answer:

x = -201/80

Mixed form: x = -2 41/80

Step-by-step explanation:

Value of x =  [tex]-2\frac{1}{4}[/tex]

What is algebraic equation?

Algebraic equation, statement of the equality of two expressions formulated by applying to a set of variables the algebraic operations, namely, addition, subtraction, multiplication, division, raising to a power, and extraction of a root.

Examples: (y²x² + 2xy – y)/(x – 1) = 12.

Given, equation

[tex]\frac{4}{5}(x- \frac{3}{10} )[/tex] = [tex]-2\frac{1}{4}[/tex]

⇒4/5[(10x-3)/10] = -9/4

⇒2/5[(10x-3)/5] = -9/4

⇒(20x-6)/25 = -9/4

⇒80x - 24 = -225

⇒80x = -225 + 24

⇒x = -201/80

⇒x = -2.5125

⇒x = [tex]-2\frac{1}{4}[/tex]

Hence, the value of x in simplest mixed number is    [tex]-2\frac{1}{4}[/tex]

Learn more about algebraic equation here:

https://brainly.com/question/24875240

#SPJ2

Can somebody please help me?!! I will give BRAINLIEST!!

Answers

Answer:

Step-by-step explanation:

Mark the two points (-1,7) and (1,-1) on the graph.  Then draw a straight line between them.  To determine the equation that goes through these two points, we can use the two given points to find the slope of the line.  The standard form of a straight line equation is

y = mx + b,

where m is the slope and y is the y-intercept (the value of y when x = 0).

Slope is also known as the "Rise"/"Run" - the change in y divided by the change in x.  We can use the two points to calculate this:

       Rise (-1-(7) = -8   Run = (1 - (-1) = 2

The slope is therefore (-8/2) or -4.  

y = -4x + b

We can find b by entering either of the two points in y = -4x + b and solve for b.  I'll use (1,-1) since I have my 1's multiplication table memorized

y = -4x + b

-1 = -4(1) + b

b = 3

The straight line equation that connects the two points is

  y = -4x + 3

You can graph this equation (e.g., on DESMOS) to see how it intersects the points.  [Attached]

The coordinates of the y intercept are (0,3).

The coordinate of the y-intercept of the line is (0, 3)

Equation of a line

The equation of a line in slope-intercept form is expressed as y = mx + b.

where:

m is the slope the lineb is the y-intercept

Given the coordinate points (-1, 7) and (1, -1).

Get the slope

[tex]m=\frac{y_2-y_1}{x_2-x_1} \\ m=\frac{-1-7}{1-(-1)}\\ m=\frac{-8}{1+1}\\ m=\frac{-8}{2}\\ m=-4[/tex]

Get the y-intercept:

Recall that y = mx + b

Using the coordinate point (1, -1) and m = -4

-1 = -4(1) + b

-1 = -4 + b

b = -1 + 4

b = 3

The equation of the line is y = -4x + 3

Get the y-intercept:

The y-intercept occurs at the point where x = 0

y = -4(0) + 3

y = 0 + 3

y = 3

Hence the coordinate of the y-intercept of the line is (0, 3)

Learn  more on y-intercept here: https://brainly.com/question/25722412

Question 11 Objective: Solve for unknown side lengths of right triangles using trigonometric ratios. A right triangle has one angle that measure 27. The adjacent leg measures 29.6 cm and the hypotenuse measures 40 cm. What is the approximate area of the triangle? Round to the nearest tenth. Area of a triangle = 1/2bh а​

Answers

Answer:

A≈ 268.76 sq cm.

Step-by-step explanation:

sine 27 = opposite side/hypotenuse

sine 27 = x/40

sin 27(40) = x

18.15961999 =x

18.16 = x

A = 1/2(29.6)(18.1596199)

A = 268.7623759

A≈ 268.76 sq cm.

Write the equation of the line that passes through the points (-8,3) and (0,2). Put your answer in fully reduced point-slope form, unless it is a vertical or horizontal line.

Answers

Answer:

[tex]y = \frac{1}{8} x + 2[/tex]

5p + 3 = 15
please make this into a word problem​

Answers

Answer:

p equals two and four tenths

Step-by-step explanation:

First let's write our equation

five p plus three equals fifteen

Subtract three from both sides

five p equals twelve

divide both sides by 5

p equals two and four tenths

_______________________________

Word Problem

You bought 5 pears that were worth x dollars, you have an extra 3 dollars, the total of the money you spent and you have is 15 dollars. How much does one pear cost?

dividing 0.68÷0.6936

Answers

The correct answer is 0.9803

Answer:

0.9804

Step-by-step explanation:

0.68 ÷ 0.6936 = 0.98039215686275

The rectangle PQRS is dilated by a scale factor of 34 first, and then reflected across the y-axis to form rectangle P'Q'R'S'.


What are the coordinates of the transformed rectangle P'Q'R'S'?

A.
P'(−1.25,−1.25), Q'(−5.25,−1.25), R'(−5.25,−3.25), S'(−1.25,−3.25)
B.
P'(−1.5,1.5), Q'(−4.5,1.5), R'(−4.5,3), S'(1.5,−3)
C.
P'(1.5,−1.5), Q'(4.5,−1.5), R'(4.5,−3), S'(1.5,−3)
D.
P'(−1.5,−1.5), Q'(−4.5,−1.5), R'(−4.5,−3), S'(−1.5,−3)

Answers

Answer:

The answer should be A.

Step-by-step explanation:

I'm strictly only going off the coordinates you gave relying on the information displayed by the question. Also, the coordinates are backwards, anyways if -5.25 portrays Q and R, it should be the correct answer. (This is simply an estimate, not a guaranteed answer because there is no graph presented.)

What is the value of x?

Answers

Step-by-step explanation:

19x - 4 = 110 ( alternate Exterior angle )

→ 19x = 110 + 4 = 114

→ x = 114/19

→ x = 6

therefore, value of x is 6°.

HOPE THIS ANSWER HELPS YOU DEAR! TAKE CARE

12 liters to quarts rounded to nearest hundredth

Answers

Answer:

12.6

Step-by-step explanation:

have a wonderful day :)

Put the following equation of a line into slope-intercept form, simplifying all
fractions.
8x + 6y = -54

Answers

Answer:

y = - 4/3x - 9

Step-by-step explanation:

Answer:

[tex]y = -\frac{4}{3}x - 9[/tex]

Step-by-step explanation:

The standard form of linear equation is: Ax + By = C, where A, B, and C are integers; A and B ≠ 0, and A is a non-negative integer.

Given the linear equation in standard form, 8x + 6y = -54, we can transform this equation into its slope-intercept form, y = mx + b.

First, subtract 8x from both sides:

8x + 6y = - 54

8x - 8x + 6y = - 8x - 54

6y = -8x  - 54

Divide both sides by 6 to isolate y:

[tex]\frac{6y}{6} = \frac{-8x - 54}{6}[/tex]

[tex]y = -\frac{4}{3}x - 9[/tex] ⇒ This is the slope-intercept form where the slope, m = [tex]- \frac{4}{3}[/tex], and the y-intercept, b = -9.

Does anyone want to play prodigy with me? if so meet at Town Square in Lamplight Town in Sapphire World. I'm Serenity Nearshadow in that game. PLEASE!

Answers

Answer:

why did you need to play with you are you board of playing then stop playing game

What’s that. Anyways thanks for 5 points.

PLEASE HELP!! I WILL MARK BRAINLIST IF RIGHT!! Using the graph above, how many hours would it take to drive 262.5 miles? (Picture below)

Answers

Sheeeeeeeeeeeeeeeeesh
Well the line is increasing by every two boxes so since the 8th hour is 200 miles, 250 would be the 10th since every 50 miles is an hour. And personally I would say 262.5 miles would be 10.5 hours

find the slope and y intercept.​

Answers

Answer:

slope: 2/3

y intercept: -1

Step-by-step explanation:

slope: rise/run

joe mammamamamamamaamamamma

Answers

Answer:

this joke is getting old lol

Step-by-step explanation:

$61.60 for parts and labor rate is $30.00 per hour total cost 136.60 how many hours will the job take? Write an equation and explain how you used it to find the number of hours the job will take.

Answers

Answer:

(136.60 - 61.60) / 30 = 2.5 hours

Step-by-step explanation:

First, subtract the cost of parts from the total: 136.60 - 61.60 = 75

Now you have the total labor cost. Divide by the hourly rate: 75 / 30 = 2.5

5.
Identify the vertex of the parabola.
A. (6, 3)
B. (3, 0)
C. (4, -1)
D. (5, 0)

Answers

Answer:

B. (3, 0)

Step-by-step explanation:

It's B. (3,0) because it's on the line of 3 and 0 aka x axis

What is the slope between the points (-2, 3) and (1, 0)

Answers

you’re going to use the formula: y2-y1/x2-x1
plug that in: 0 - 3/-1 - 2 = -3/-3 or 1

The sum of the first 10 terms of a linear sequence is 5 and the sumof the next 10 terms is 215. Find the sequence.​

Answers

Answer:

The first term of the sequence is -8.95 with a common difference of 2.1.

The sequence is:

-8.95, -6.85, -4.75, -2.65...

Step-by-step explanation:

We are given that the sum of the first ten terms of a linear sequence is 5, and the sum of the next ten terms is 215.

And we want to find the sequence.

Recall that the sum of an A.P. is given by:

S = k / 2 ( a + xk)

Where a is the first term, k is the number of terms, and x_k is the last term.

We can represent our term values with the direct formula:

Xn = a + d (n-1)

Where the first term, x₁ = a.

The sum of the first ten terms is 5. Hence, S = 5, k = 10, a = x₁ and x_k = x₁₀:

(5) = 10/2 (a+xk)

5 = 5(a+(a+9d))

2a + 9d = 1

The sum of the next ten terms (that is, from x₁₁ to x₂₀) is 215. Hence, S = 215 when k = 10, a = x₁₁, and x_k = x₂₀:

(215) = (10)/2 (a + xk)

215 = 5((a+d(11-1))+(a+d(20-1)))

2a + 29d = 43

This yields a system of equations:

[tex]\left \{ {{2a+9d=1} \atop {2a+29d=43}} \right.[/tex]

Solve:

(2a + 9d) + (-2a - 29d) = (1) + (-43)

-20d = -42

d = 2.1

Consequently:

a = 1/2(1-9d)

= 1/2(1-9(2.1))

= -8.95

In conclusion, the first term of the sequence is -8.95 with a common difference of 2.1.

The sequence is:

-8.95, -6.85, -4.75, -2.65...  

A recipe calls for 40 ounces of rice. how many grams of rice does the recipe require

Answers

Answer:

So you can convert e.g. 1 cup of rice or rice flour into grams or ounces etc. easily. Other even more exotic rice varieties converters menu page. You may enter whole numbers, decimals or fractions

Step-by-step explanation:

a sketch of y = x^2 + cx + d is shown the turning point is (2,3) work out the values of c and d

Answers

Answer:

c= - 4, d = 7

Step-by-step explanation:

Given function:

y = x² + cx + d

The vertex is (2, 3)

We know the vertex form:

y = (x - h)² + k, where (h, k) is vertex

Substitute coordinates to get:

y = (x - 2)² + 3 = x² - 4x + 4 + 3 = x² - 4x + 7

Compare with given to find out:

c = - 4, d = 7

6.4 + 3.2? I need it in simplist form

Answers

Answer:

9.6

Step-by-step explanation:

Answer:

9.6 in decimal form, 9 6/10 in a mixed fraction, 96/10 in an improper fraction.

Step-by-step explanation:

6.4 + 3.2, 6 plus 3 = 9

4+2 = 6

Help me please I’m bad at slopes

Answers

The slope of this line is 1/1

(25)2 × 100 ÷ 23 + [24 ÷ (13 – 5)] = 14

Answers

Answer:

This Inequality has no solution making it false.

Step-by-step explanation:

(25)2 × 100 ÷ 23 + [24 ÷ (13 – 5)] = 14

5,069=322

False

Hope this helps :)

Answer:

Step-by-step explanation:

Which answer choice is NOT equivalent to 4(x + 3)



a. 4x + 12


b. x + 3x + (4 + 3)


c. x + x + x + x +12


d. 2x + 2x + (4 x 3)

Answers

Answer:  b

Step-by-step explanation:

Combine the terms after removing the parentheses.

Reference equation: 4x + 12

a.  4x + 12

b.  4X +7

c.  4x + 12

d.  4x + 12

The Radius of a circle is 5 cm. Find the area of the circle, correct to one decimal place.

Answers

Answer:

78.5

Step-by-step explanation:

[tex]r^{2}[/tex]x3.14 (pie)

so then substitute.

5x5=25

25x3.14=78.5

please help asap…………

Answers

Answer:

not linear

Step-by-step explanation:

a linear function contains x and y only with the exponent 1.

this allows the function to be a line (hence the term "linear"), a constant ratio of y changes to x changes for any values of x which defines linear relation between x and y.

but this equation contains a term with x², which changes the size of change of y for every value of x.

e.g. when x changes by 1 from 1 to 2, y changes by 3 from 1² to 2² (1 to 4). but if x changes again by 1 from 2 to 3, y changes by 5 from 2² to 3² (4 to 9).

this is clearly not constant.

1.
Identify the minimum value of the function y = 3x^2 − 12x + 10.

A. −2

B. 10

C. 46

D. 2

Answers

Answer:

-2

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

The minimum value is the y- coordinate of the vertex

Given a parabola in standard form

y = ax² + bx + c ( a ≠ 0 )

Then the x- coordinate of the vertex is

x = - [tex]\frac{b}{2a}[/tex]

y = 3x² - 12x + 10 ← is in standard form

with a = 3 and b = - 12 , then

x = - [tex]\frac{-12}{6}[/tex] = 2

Substitute x = 2 into the function for corresponding y- coordinate

y = 3(2)² - 12(2) + 10 = 3(4) - 24 + 10 = 12 - 24 + 10 = - 2

Then minimum value of the function is - 2

Please help! take a pic and put a dot with the drawing tools on ur snipping tool/snip and sketch. Please i cant fail these questions!

Answers

take a pic of what and where are the questions???

Please show your graph if you’re in K12, no confusing graphs please. graph the line for y + 1= - 3/5 (x-4)

Answers

Answer:

Graph Below:

A manufacturer produces cell phone she estimates that by selling them for x dollars she will be able to sell them for 285 minus 2X each week determine what the maximum revenue will be round your answer to two decimal places

Answers

Answer:

38.30

Step-by-step explanation:

because 230 -6x=0

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