Occasionally a savings account may actually pay interest compounded continuously. For each deposit, find the interest earned if interest is compounded (a) semiannually, (b) quarterly, (c) monthly, (d) daily, and (e) continuously. Use 1 year=365 days

Answers

Answer 1

1. Occasionally a savings account may actually pay interest compounded continuously. For each​ deposit, find the interest earned if interest is compounded​ (a) semiannually,​ (b) quarterly,​ (c) monthly,​ (d) daily, and​ (e) continuously. Use 1 year = 365 days.

Principal ​$1031

Rate 1.4%

Time 3 years

Answer:

a) $ 44.07

b) $ 44.15

c) $ 44.20

d) $ 44.22

e) $ 44.22

Step-by-step explanation:

The formula to find the total amount earned using compound interest is given as:

A = P(1 + r/n)^nt

Where A = Total amount earned after time t

P = Principal = $1031

r = Interest rate = 1.4%

n = compounding frequency

t = Time in years = 3 years

For each​ deposit, find the interest earned if interest is compounded

(a) semiannually

This means the interest is compounded 2 times in a year

Hence:

A = P(1 + r/n)^nt

A = 1031(1 + 0.014/2) ^2 × 3

A = 1031 (1 + 0.007)^6

A = $ 1,075.07

A = P + I where

I = A - P

I = $1075.07 - $1031

P (principal) = $ 1,031.00

I (interest) = $ 44.07

​(b) quarterly

This means the interest is compounded 4 times in a year

Hence:

A = P(1 + r/n)^nt

A = 1031(1 + 0.014/4) ^4 × 3

A = 1031 (1 + 0.014/4)^12

A = $ 1,075.15

I = A - P

I = $1075.15 - $1031

A = P + I where

P (principal) = $ 1,031.00

I (interest) = $ 44.15

(c) monthly,

​ This means the interest is compounded 12 times in a year

Hence:

A = P(1 + r/n)^nt

A = 1031(1 + 0.014/12) ^12 × 3

A = 1031 (1 + 0.014/12)^36

A = $ 1,075.20

A = P + I where

I = A - P

I = $1075.20 - $1031

P (principal) = $ 1,031.00

I (interest) = $ 44.20

(d) daily,Use 1 year = 365 days

This means the interest is compounded 365 times in a year

Hence:

A = P(1 + r/n)^nt

A = 1031(1 + 0.014/365) ^2 × 3

A = 1031 (1 + 0.00365)^365 × 3

A = $ 1,075.22

A = P + I where

I = A - P

I = $1075.22 - $1031

P (principal) = $ 1,031.00

I (interest) = $ 44.22

(e) continuously. .

This means the interest is compounded 2 times in a year

Hence:

A = Pe^rt

A = 1031 × e ^0.014 × 3

A = $ 1,075.22

A = P + I where

I = A - P

I = $1075.22 - $1031

P (principal) = $ 1,031.00

I (interest) = $ 44.22


Related Questions

Please answer correctly !!!!!!!!!!!!!! Will mark Brianliest !!!!!!!!!!!!!!!!!!

Answers

Answer:

2nd answer

Step-by-step explanation:

Answer: 6, 10, 16

Reason:
with a triangle the longest angle should be lower than the two smaller angles combined.

Take for instance

5, 11, 15

5+11= 16

16 is greater than 15

12+ 20= 32

32 is greater

12 + 20 = 32

32 is greater than 30

10 + 6 = 16

16 is not greater than 16

Hope this helps

a circle has a circumference of 54π cm what is the radius?

Answers

Answer:

circumfrence = 108

Step-by-step explanation:

Radius = half the circumfrence

radius * 2 = circum.

54*2 = 108

108 = circum

Jennifer had 3 \frac{3}{4}
4
3

lbs of tomatoes. She used \frac{1}{3}
3
1

OF that amount to make a salad. How many pounds OF tomatoes did she use? (LEAVE ANSWER AS A MIXED NUMBER)

Answers

Answer:

She used 1/4 of a pounds for salad

Step-by-step explanation:

Here, we want to calculate the amount of pounds of tomatoes used to make salad

From the question, she has 3/4 pounds and used 1/3 of what she has to make salad

What she used will be;

3/4 * 1/3 = 1/4

plzzzz some one help I want step by step I'm confused What's 5⁄6 of £300

Answers

Answer: 15

Step-by-step explanation:

Blake sold 17 verses for $3.25 each he spent $16.21 on materials to make the vases what is the profit

Answers

Answer:

We can calculate what did he get, as we know he sold 17 vasess for 3.25 dollars each of them, we can multiply:

17 * 3.25 = $55.25

Now, we know he got 55.25 dollars but he spent 16.21, so we substract:

55.25 - 16.21 = $39.04

His profit selling that is of 39.04 dollars..

Graph
Y=3/4x - 1/2
Pleaseeeee help!!

Answers

I’m not 100% sure kind of a guess but I would x=2/3. Good luck
Ok let me help hope this works 3/4 x 1/2= 2/3


The function y - 3 = 4(x + 2) is in point-slope form. Select the equivalent equation in slope-intercept form

Answers

Answer:

All we need to do is solve for y.

[tex]y - 3 = 4(x + 2)\\\\y - 3 = 4x + 8\\\\y = 4x + 11[/tex]

The answer is A. y = 4x + 11.

Factorise
X squared + 13x + 40

Answers

(x+8)(x+5) as
13 = 8 + 5 and
40 = 8 x 5
hope this helps! :)

the table below shoes the rates for two duplicating companies. quick copy copy place initial fee of $5.00 initial fee of $10.00 $0.06 per page $0.04 per page the total cost, c, is dependent on the number of pages, p, that are duplicated. which of these systems of equations represents this situation? p = 5 + 6c p = 10 + 4c ⊝ c = 5 + 6p c = 10 + 4p ⊝ p = 5 + 0.06c p = 10 + 0.04c ⊝ c = 5 + 0.06p c = 10 + 0.04p

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Answer:

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The system of equations representing the rates for two duplicating companies are -

C[1] = 5 + 0.06x

C[2] = 10 + 0.04x

What is Equation Modelling?

Equation modelling is the process of writing a mathematical verbal expression in the form of a mathematical expression for correct analysis, observations and results of the given problem.

We have the rates for two duplicating companies. There are two different rates as-

[1] > initial fee of $5 and $0.06 per page.

[2] > initial fee of $10.00 and $0.04 per page.

For the [1] company, we can write the equation as -

C[1] = 5 + 0.06x

For the [2] company, we can write the equation as -

C[2] = 10 + 0.04x

So, the system of equations will be -

C[1] = 5 + 0.06x

C[2] = 10 + 0.04x

Therefore, the system of equations representing the rates for two duplicating companies are -

C[1] = 5 + 0.06x

C[2] = 10 + 0.04x

To solve more questions on equation modelling, visit the link below-

brainly.com/question/9144182

#SPJ2

Solve for ... 2x + 3 ​

Answers

Answer:

15

Step-by-step explanation:

Answer:

15

Step-by-step explanation:

How much interest will you pay on a loan of $2,620, with a 3% interest rate, paid over 5
years?

Answers

Answer:

You'll pay $3013

Step-by-step explanation:

Amount to pay=$2620+Interest accrued

A=$2620+($2620×0.03×5)

A=$2620+$393

A=$3013

The point (1,0) lies on the graph of
P(x) = x^4 - 2x^3 - x+2
A. True
B. False

Answers

Answer:

The given statement is true.

Step-by-step explanation:

Given function is:

[tex]P(x) = x^4 - 2x^3 - x+2[/tex]

And the given point is:

(1,0)

In an ordered pair, the first element is the input and second is the output. If we plug in the input to the function and get the respective output then the point lies on the graph of function.

For (1,0) we will put x = 1 in function and check whether we get 0 as output

[tex]P(x) = (1)^4 - 2(1)^3 - 1+2\\= 1-2(1)-1+2\\= 1-2-1+2\\=0[/tex]

Hence,

The given statement is true.

Answer:

A. True

Step-by-step explanation:

I EILL MAKE BRAINLEST NEED HELP ASAP MT TEACHER IS ABOUT TO YELL WT ME PLEASE PLEASE PLEASE PLEASE PLEASE

Answers

Ok, what class is this

help plss i will mark brainliest

Answers

Answer:

x = 8

Step-by-step explanation:

10 x 8 = 80 and the bottom would equal 80 as well so you would get 1 ^^

Answer:

x =25/2

10/8 = x/10

- Cross multiply

8x=100

- Divide both sides by 8

x=100/8

- Simplify

x=25/2

Hope This Helps!

jontae went to brunch with his family and offered to pay the bill.The total bill was $54.19 before tax. If there is a 15% how much does he pay in taxes

Answers

Answer:

$62.32

Step-by-step explanation:

54.19 · 15/100 = 812.85/100 = 8.1285

simplify 8.1285, so it's 8.13

$54.19 + $8.13 = $62.32

Please hurry!! Steven and Dan like to play a lot of video games. On Sunday, Dan played 4 fewer than twice the number of hours that Steven played. They played a total of 17 hours on Sunday. Which system of equations models this situation if Steven played s hours and Dan played d hours?

A) d=4-2s s+d=17

B) s=2d-4 s=17-d

C)d=2s-4 s+d=17

D)s=4-2d d=17-s

Answers

Answer

Step-by-step explanation:

Answer:i think A or C

Step-by-step explanation:

i'm not sure about my answer but i chose C and i don't know if i got it wrong or right but its either both of them i hope this helps.

Whats the absolute value of 3 1/7

Answers

Answer:

3.142857  (3.14)

Step-by-step explanation:

y

What is the equation of the line in it's simplest forms

Answers

Answer:

you to be the line smell the line and thats it

Step-by-step explanation:

Consider these functions:

f(x) = 2x3 + 3

g(x) = x – 4

What is the value of g(f(x))?

Answers

Answer:

2x^3+3-4

Step-by-step explanation:

Answer:

2x^3 - 1

Step-by-step explanation:

Plato/Edmentum

The population of a town is increasing at a constant rate of 4.7% each year. At the beginning of 2010 the population was 42,000. Find the size of the population at the beginning of 2016. Give your answer to 3 sf.

Answers

Answer:

The population at the beginning of 2016 is 55,326.

Step-by-step explanation:

Giving the following information:

Population 2010 (PV)= 42,000

Growth rate (g)= 4.7% = 0.047

Number of years (n)= 6 years

To calculate the population at the beginning of 2016, we need to use the following formula:

FV= PV*(1+g)^n

FV= 42,000*(1.047^6)

FV= 55,326

The population at the beginning of 2016 is 55,326.

Can you help meh pls

Answers

me * not meh. Couldn’t help you on your problem but I helped you with your spelling.

Find the sum. (w+8) + 2(w +9)

Answers

First step: w+8+2w+9
Final answer: 3w + 17
The answer is 3w+17.

I'm very confused, I don't know where to even start! Please help me!!

Answers

Answer/Step-by-step explanation:

✔️Using trigonometric ratio, find width of the rectangle, BD:

Thus:

[tex] tan(\theta) = \frac{opposite}{adjacent} [/tex]

Where,

[tex] tan(\theta) = tan(60) = \sqrt{3} [/tex]

Opposite = BD

Adjacent = 7 cm

Plug in the values

[tex] \sqrt{3} = \frac{BD}{7} [/tex]

Multiply both sides by 7

[tex] 7\sqrt{3} = BD [/tex]

[tex] BD = 7\sqrt{3} [/tex]

✔️Using trigonometric ratio, find height of the rectangle, BF:

Thus:

[tex] tan(\theta) = \frac{opposite}{adjacent} [/tex]

Where,

[tex] tan(\theta) = tan(60) = \sqrt{3} [/tex]

Opposite = 6 cm

Adjacent = BF

Plug in the values

[tex] \sqrt{3} = \frac{6}{BF} [/tex]

[tex] BF = \frac{6}{\sqrt{3}} [/tex]

Rationalize

[tex] BF = \frac{6 \times \sqrt{3}}{\sqrt{3} \times \sqrt{3}} [/tex]

[tex] BF = \frac{6\sqrt{3}}{3} [/tex]

[tex] BF = 2\sqrt{3} [/tex]

✔️Perimeter of rectangle BDEF:

Perimeter = 2(BD + BF)

Plug in the values

[tex] Perimeter = 2(7\sqrt{3} + 2\sqrt{3}) [/tex]

[tex] Perimeter = 2(9\sqrt{3}) [/tex]

[tex] Perimeter = 18\sqrt{3} [/tex]

✔️Area of the rectangle BDEF:

Area = BD × BF

Plug in the values

[tex] Area = 7\sqrt{3} \times 2\sqrt{3} [/tex]

[tex] Area = 7 \times 2\sqrt{3 \times 3} [/tex]

[tex] Area = 14 \times 3 [/tex]

[tex] Area = 42 [/tex]

Multiply
(1.4 x 105)(2 x 107)

Answers

Answer:

31458

Step-by-step explanation:

(1.4 x 105) = 147

(2 x 107) = 247

147 x 247 = 31,458

Original Equation: -5x + 2 = 5
First Step: --5x = 3

distributive property of multiplication over addition
subtraction property of equality associative property of addition
division property of equality​

Answers

Answer:

subtraction property of equality.

Step-by-step explanation:

the change made in the equation is that you subtracted 2 on both sides, which cancels out the 2 on the left and equals the 3 on the right. hope this helps :)

If 4 soap cakes cost Rs 50, find the cost of 3 dozen soap cakes.

Answers

50 divided by 4 is 12.5, so it is 12.5 for 1 soap cake, 12.5 x 36 is 45.0

The answer is 45.0

Mark Branliest!

The answer is $45.000

HELP HURRRYYY!!!! If (72)x = 1, what is the value of x? Explain your answer.

Answers

Answer:

1/72

Step-by-step explanation:

72 times x equals 1

to find singular value of x, divide both sides by 72.

x=1/72

Answer:

1/72

Step-by-step explanation:

Which expression is equivalent to 9-3?
3(y-1)
3(3y-1)
9(y-3)
9(3y-3)
if its correct I will give brainliest!♡​

Answers

Answer:

B because 3*3=9 And 3*1=3 so it would be 3(3y-1) foil the answer

Step-by-step explanation:

The answer is B, I took the test.

I believe the correct answer would be 3(3y-1) which equals 9y-3

Solve the system.

y=6x-1

y=3x-4

The solution is _____
.

Explain your choice of method.

Answers

Answer:

(-1, -7)

Step-by-step explanation:

Solve by graphing.

Graph the two equations together.

The lines intercept at (-1, -7).

Hope this helps.

Answer:

Solution: (-1, -7)

Step-by-step explanation:

6x - 1 = 3x - 4

Subtract 3x from both sides;

3x - 1 = -4

Add 1 to both sides;

3x = -3

Divide both sides by 3;

x = -1

Substitute x into the equation;

y = 3(-1) - 4

y = -3 - 4

y = -7

Problem Sathish is going on a 210021002100-kilometer road trip with 222 friends, whom he will pick up 150150150 kilometers after he begins the trip and drop off when there are 150150150 kilometers remaining. The car consumes 666 liters of gas for every 100100100 kilometers, and gas costs \$1.20$1.20dollar sign, 1, point, 20 per liter. Sathish will pay for all of the gas when he is alone in the car, but he and his friends will split the cost evenly when they are together.

Answers

Complete question :

Sathish is going on a 2100-kilometer road trip with 2 friends, whom he will pick up 150 kilometers after he begins the trip and drop off when there are 150 kilometer remaining. The car consumes 6 liters of gas for every 100 kilometers, and gas costs $1.20 per liter.

Sathish will pay for all of the gas when he is alone in the car, but he and his friends will split the cost evenly when they are together.

How much will Sathish pay for gas?

Answer:

$64.8

Step-by-step explanation:

Given that :

Total length of trip = 2100 km

Length of journey with Satish alone in the car:

(150km) beginning + (150km) ending = 300km

Length of journey with Satish and 2 friends :

2100 km - 300 km = 1800 km

Gas consumption:

6 liters per 100km

Cost of gas = $1.2 / litre

Consumption when Satish is alone :

(6 litres /100 km) * 300km = 18 litres

Cost = $1.2 * 18 = $21.6

Consumption with his 2 friends :

(6 litres /100 km) * 1800 km = 10800 / 100 = 108 litres

Cost = $1.2 * 108 = $129.6

Since amount is shared equally :

Amount paid by sattish = $129.6 / 3 = $43.2

Hence, total amount paid by Sattish is :

$21.6 + $43.2

= $64.8

Answer:

64.80 or 64.8

Step-by-step explanation:

whatever works <333

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