joe deposits $1500 in an account that pays 3% annual interest compounded conitiniously how much will joe have in his account after 5 years

Answers

Answer 1

Answer:A = 1500e^(0.03 * 5) = 1500e^(0.15)

use definition of logarithm

0.15 = ln(A / 1500)

0.15 = ln(A) - ln(1500)

ln(A) = 0.15 + ln(1500) = 0.15 + 7.313220387 = 7.463220387

Step-by-step explanation:

Answer 2

The amount of money Joe would have in his account after 5 years is $1742.75.

Given the following data:

Principal, P = $1500Interest rate, R = 3%Time, T = 5 years

To determine the amount of money Joe would have in his account after 5 years.

Mathematically, an interest that is compounded continuously given by the formula:

[tex]A = Pe^{rt}[/tex]

Where:

A is the future valueP is the principal.r is the interest rate.t is the time in years.

Substituting the given parameters into the formula, we have;

[tex]A = 1500 \times e^{0.03 \times 5}\\\\A = 8000 \times e^{0.15}\\\\A = 1500 \times 1.1618[/tex]

A = $1742.75

Read more on compound interest here: https://brainly.com/question/16992474


Related Questions

MS.Robertson owns a large daycare center. she is required to have 1 supervisor for every 4 trainees. if she currently has 2 supervisors and 20 traineess what is the minimun number of additional supervisors she most hire?

Answers

Answer:

She needs a minimum of 5 supivisors.

Step-by-step explanation:

Answer: this isn’t my solution/ your question but I think this can help. All you have to do is substitute the information here for your information.

Hopefully this helps

Miguel places his 13-foot ladder 5 feet from the edge of his house. How high does the ladder reach? A. 8 feet B. 12 feet C. 13.9 feet D. 144 feet E. 194 feet

Answers

Answer:

A - eight feet

Step-by-step explanation:

20 character rule can be dumb sometimes

The Pythagoras is the sum of the square of two sides is equal to the square of the longest side. The height of the house is 12 feet, then the correct option is B.

What is a right-angle triangle?

It is a type of triangle in which one angle is 90 degrees and it follows the Pythagoras theorem and we can use the trigonometry function.

Miguel places his 13-foot ladder 5 feet from the edge of his house.

Then the height of the house is given by the Pythagoras theorem.

P² = H² - B²

P² = 13² - 5²

P² = 169 - 25

P² = 144

P = 12

Then the height of the house is 12 feet.

More about the right-angle triangle link is given below.

https://brainly.com/question/3770177

BRAINLIST
Question 1
1 pts
Last Friday Zainab had $23. Over the weekend she received some money for
a good report card. She now has $41. How much money did she receive?
Which equation represents this problem?
O 41 x 23 - z
OZ + 23 =41
O 23 + 41 = 2
Oz/23 = 41

Answers

It’s b
Z+23=41
Because you don’t know what z is

What’s 123.45 + 67.891
Step By Step?

Answers

Answer:

123.45 + 67.891 = 191.341

Step-by-step explanation:

I don't know really know how to explain but I'll try to. So since 123.45 is the larger decimal so you put it first then below it you put 67.891.(not that it is necessary)

Then add a zero to 124.45. Meaning it will be 123.450. (It is the same number, we just have to add a zero there.)

Add then just add like you normally do. Just try doing it and you'll see.

Victoria sets a goal for the number of boxes of Girl Scout cookies she wants to sell.So far, she's solved 33 boxes.I this is nine more than two fifths of her goal.What is her goal?

anyone know the equation is?I can't figure it out-

Answers

Her goal is 120 boxes

I hoped this helped :)

PLEASE ANWSER THIS 1 QUESTION

Answers

Answer:

dude it's easy

Step-by-step explanation:

Answer:

x<-15

Step-by-step explanation:

You make a salary of &75,000 per year,

Answers

Answer:

oohhhh cool

Step-by-step explanation:

I didn't know I had so much money

Which is the solution to this system of equations?
x - 2y= 15
2x + 4y = -18

Answers

The answer to your problem is 3 and -6

A student records the sexes and breeds of a dog in animal shelter. Which kind of data is the student recording

Answers

Answer:

sexes and breeds duh

Step-by-step explanation:

Answer:

data of the dogs

Step-by-step explanation:

300% of 25$ i need a real answer

Answers

Answer: 75
Explanation:
300% = 3.00
So
3*25
=75

Answer:

75

Step-by-step explanation:

300% of 25 = [tex]\frac{300}{100}*25[/tex]

                   = 3 * 25

                  = 75

When a ball is thrown into the air, the path that the ball travels is modeled by the parabola y − 5 = −0.05(x − 10)2, measured in feet. What is the maximum height the ball reaches?

Answers

Answer:

the maximum height in feet the ball reaches 5ft

Step-by-step explanation:

PLEASE HELP ASAP
Louis earns a base monthly salary of $1,200 with 5% commission on sales. For a month with $25,000 in sales, what are Louis's total earnings?

Answers

Answer:

$2,450

Step-by-step explanation:

Since Louis earns 5% commission on sales, multiply the sales by 0.05:

25,000 × 0.05 = 1,250

Add that to the base salary:

1,250 + 1,200 = 2,450

Hope this helped!

6a-4a(3-4)=

Please help me

Answers

Answer:

Step-by-step explanation:

10a

HELP PLEASE
If X represents the number of pictures, write an equality to represent the situation!

Answers

Answer:

The Drama Club needs to sell more than 3 pictures to make a profit.

The inequality 10x ≥ 2.55x +25  represents the situation.

Step-by-step explanation:

Given that:

Rent for lighting equipment = $25

Price per print = $2.55

Selling price of one picture = $10

x be the number of pictures.

Selling price * No. of pictures sold ≥ Price of per print * pictures printed + rent

10x ≥ 2.55x +25

10x-2.55x≥25

7.45x≥25

Dividing both sides by 7.45

[tex]\frac{7.45x}{7.45}\geq \frac{25}{7.45}\\x\geq 3.35[/tex]

Hence,

The Drama Club needs to sell more than 3 pictures to make a profit.

The inequality 10x ≥ 2.55x +25  represents the situation.

When 0.3(4x – 8) – 0.5(–2.4x + 4) is simplified, what is the resulting expression?

A. -4.4
B. 1.2x - 2.4 + 1.2x - 2
C. 2.4x - 0.4
D. 2.4x - 4.4

Answers

Answer:

It's the B

Step-by-step explanation:

0.3*4=1.2

0.3 *(-8)=-2.4

-0.5*(-2.4x)= 1.2x

-0.5*4=-2

So it's 1.2x - 2.4 + 1.2x - 2

Answer:its B

Step-by-step explanation:

I just took the quiz

Patty has 817 marbles. She gave away 529 of her marbles. How many marbles doe she have left? 312 marbles, 298 marbles, or 288 marbles.​

Answers

Answer:

288 because you just subtract 529 from 817

Step-by-step explanation:

Use the figure to find the measure of Angle 6.

Answers

Answer:

40

Step-by-step explanation:

140-180= 40

If x = 27 and y = 70, what is y when x = 6?​

Answers

Answer: 18

Step-by-step explanation:

Convert the measurement.
56.8 grams= ounces

Answers

Answer:

2.003561 ounces or 2.0 rounded

Step-by-step explanation:

Please answer in under 15 minutes~!

Graph the function p(x)=1/3|x|

Explain how you got the answer.

Answers

Put it in desmos!! It is a graphing calculator


Which expression is the simplest form of
(x4/7)^7

Answers

Answer:

7

Step-by-step explanation:

Peter expected to earn $425 in a week. In fact, he earned $500. What was the percentage error? (Round to nearest percent)

I have another question as well

I estimated that the repairs to my car would cost $80. In fact , they cost $120. What was the percentage error?

You dont have to answer the second one but when i looked for the answer they gave me 33 which was not even an option​

Answers

Answer:

Pretty sure it would be 15 percent sorry if im wrong

Step-by-step explanation:

Jane Dough sells her doughnuts for $0.15 more than what it costs her to make each doughnut. If you can buy 2 dozen doughnuts for $8.40, how much does it cost Jane to make each doughnut?

Answers

Answer: $0.20

Step-by-step explanation: $8.4 divided by the 24 or 2 dozen dougnuts she sells means she sell each donut for $0.35 and if we know that Jane Dough sells her doughnuts for $0.15 more than what it costs her to make each doughnut then $0.35 - $0.15 = $0.20 to make each donut

Answer:

8.10

Step-by-step explanation:\

5x-3 /4=2x+3

Pls help

Answers

Answer:

x=-5

Step-by-step explanation:

5x-3/4=2x+3

First, multiply by 4

5x-3=4(2x+3)

Next, distribute.

5x-3=8x+12

Subtract 5x

-3=3x+12

Subtract 12

-15=3x

x=-5

Hope this helps :D

5x-3/4=2x+3
You do reseprocal/cross multiplication
5x-3=4(2x+3)
5x-3=8x+12
5x-8x=12+3
-3x=15
x=15/-3
x=-5

choose all statements that show correct reasoning for finding 15 divided by 2/9

Answers

Answer:

The second and the last options.

Step-by-step explanation:

15/ 2/9 =67.5 Solve the original problem

15*2/9 =3.33333333333

15*9/2 =67.5

(15* 1/9) /2=0.833333333333333

15*9* 1/2 =67.5

Answer:

b and d

Step-by-step explanation:

FREE 9 = Tucson


...



..

Answers

Answer:

Tuscon. btw DIE MAX!

Step-by-step explanation:

Answer:yo the rule is

R% x P x T

which in this question is:

r%= 9%

p= 630

t=8

so

630 x 8 x 9% = 453.6

that's the final answer and in order to make sure make

630+453.6=1083.6

Step-by-step explanation:


The perimeter of a rectangle is 50ft. If the length is one more than twice the width,
what is the length, width and area?

Answers

Answer: See explanation

Step-by-step explanation:

Let the width of the rectangle be x

Since the length is one more than twice the width. Therefore, the length will be: = 2x + 1

Perimeter of a rectangle = 2(length + breadth)

50 = 2(2x + 1 + x)

50 = 2(3x + 1)

50 = 6x + 2

6x = 50 - 2

6x = 48

x = 48/6

x= 8

Width = 8ft

Length = 2x + 1 = 2(8) + 1 = 16 + 1 = 17ft

Area = Length × Width = 17 × 8 = 136ft^2

What is the fifth term in the sequence 17.3, 34.3, 51.3, 68.3...?

A 77.7
B 85
C 85.3
D 89.7​

Answers

The fifth term in the sequence would be C.

What is the What is the Linear Equation for

13/2 x12 ? The y intercept is 4

Answers

Answer:

6.5x*16= y

Step-by-step explanation:

6.5x*12+4 =y

6.5x*16= y

i believe this is correct...

Josh made $242 for 11 hours of work.
At the same rate, how much would he make for 7 hours of work?

Answers

Answer:

If 11hrs= $242

   7hrs=7x242/100

             154

Josh will made $154

Step-by-step explanation:

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