Suppose that $10,083 is invested at an interest rate of 6.8% per year, compounded continuously.

a) Find the exponential function that describes the amount in the account after time t, in years.

b) What is the balance after 1 year? 2 years? 5 years? 10 years?

c) What is the doubling time?

Answers

Answer 1

Answer:

a) The exponential function is [tex]A(t) = 10083(1.068)^t[/tex]

b)

The balance after 1 year is of $10,768.644

The balance after 2 years is of $11,500.91

The balance after 5 years is of $14,010.25.

The balance after 10 years is of $19,467.15

c)

The doubling time is of 10.54 years.

Step-by-step explanation:

Continuously compounded interest:

The amount of money earning after t years, with interest compounded continuously, is given by:

[tex]A(t) = A(0)(1+r)^t[/tex]

In which A(0) is the amount of the initial investment and r is the growth rate, as a decimal.

a) Find the exponential function that describes the amount in the account after time t, in years.

Suppose that $10,083 is invested at an interest rate of 6.8% per year

This means, respectively, that [tex]A(0) = 10083, r = 0.068[/tex]

So

[tex]A(t) = A(0)(1+r)^t[/tex]

[tex]A(t) = 10083(1+0.068)^t[/tex]

[tex]A(t) = 10083(1.068)^t[/tex]

b) What is the balance after 1 year? 2 years? 5 years? 10 years?

After 1 year:

[tex]A(1) = 10083(1.068)^{1} = 10,768.644[/tex]

The balance after 1 year is of $10,768.644

After 2 years:

[tex]A(2) = 10083(1.068)^{2} = 11,500.91[/tex]

The balance after 2 years is of $11,500.91.

After 5 years:

[tex]A(5) = 10083(1.068)^{5} = 14,010.25[/tex]

The balance after 5 years is of $14,010.25.

After 10 years:

[tex]A(10) = 10083(1.068)^{10} = 19,467.15[/tex]

The balance after 10 years is of $19,467.15.

c) What is the doubling time?

This is t for which [tex]A(t) = 2A(0)[/tex]. So

[tex]A(t) = A(0)(1.068)^t[/tex]

[tex](1.068)^t = 2[/tex]

[tex]\log{(1.068)^t} = \log{2}[/tex]

[tex]t\log{1.068} = \log{2}[/tex]

[tex]t = \frac{\log{2}}{\log{1.068}}[/tex]

[tex]t = 10.54[/tex]

The doubling time is of 10.54 years.


Related Questions

find the slope of each line​

Answers

Answer:

(1,1) and (2,-4)

Step-by-step explanation:

i supposed each line is 1,2,3,4,5 because it is not given the graph numbers but I hope it could help

Which graph represents a direct variation?

Answers

I don't know all of them I guess since I can't see the graphs

Answer:

The graph of the direct variation equation is a straight line through the origin.

Step-by-step explanation:

What is an equation of the line that passes through the point (-5,-2) and is
parallel to the line x - y = 5?

Answers

Answer:

[tex]y=x+3[/tex]

Step-by-step explanation:

What we need to know

Linear equations are typically organized in slope-intercept form: [tex]y=mx+b[/tex] where m is the slope of the line and b is the y-intercept (the value of y when the line crosses the y-axis)Parallel lines have the same slope

1) Rewrite the equation x - y = 5 into slope-intercept form and identify the slope

[tex]x - y = 5[/tex]

Subtract both sides by x

[tex]x - y -x= -x+5\\-y= -x+5[/tex]

Divide both sides by -1

[tex]y= x-5[/tex]

Now, we can tell clearly that the slope (m) of this line is 1. Therefore, a line parallel to this would also have a slope of 1.

Plugging 1 as m into [tex]y=mx+b[/tex], we get:

[tex]y=x+b[/tex]

2) Find the y-intercept (b) of the line parallel to [tex]y= x-5[/tex] and find the final equation

[tex]y=x+b[/tex]

Plug in the given point (-5,-2)

[tex]-2=-5+b[/tex]

Add 5 to both sides

[tex]-2+5=-5+b+5\\3=b[/tex]

Therefore, the y-intercept of this line is 3. Now, plugging this back into our original equation, we get:

[tex]y=x+b\\y=x+3[/tex]

I hope this helps!

=[tex]\frac{mv^{2} }{2}[/tex] ; Solve for v.

Answers

Answer:

[tex]v=\sqrt{\frac{2E}{m} }[/tex]

Step-by-step explanation:

[tex]E=\frac{mv^2}{2}[/tex]

[tex]2E=mv^2}[/tex]

[tex]v^2=\frac{2E}{m}[/tex]

[tex]v=\sqrt{\frac{2E}{m} }[/tex]

Evaluate the expression when a = 6 and x = -3.
-a+7x

Answers

Answer:

-27

Step-by-step explanation:

The equation -a+7x, when plugged in shows -6+7*(-3).

This gives us -6-21 which is -27.

By the way can you follow me on Brainly?

Thanks!

3. A savings account has a 3% interest rate. (a) Complete the ratio table shown. Show your work. Deposit ($) 100 50 300 Interest ($) 3 12 6 36 (b) How much more interest would you have if you deposited $200 than if you deposited $150? Show your work.

Answers

Answer:

Wait what

Step-by-step explanation:

Put the lowest number on the left 2 0 -3 -4

Answers

Answer:

-4, -3, 0, 2

Step-by-step explanation:

Answer:

-4,-3,0,2 :p ...........

PLZ ANSWER QUIKCLY
Which expression is equivalent to -12(3x-3/4)

-36x-8

-36x + 8

-36x-9

-36x +9

Answers

Answer:

Last one, -36x+9.

Explanation: You need to multiply negative times positive which is negative. But look at the last one -12×-3/4 equals positive 36/4 which equals 9.

The volume of this rectangular prism is 53.72 cubic centimeters . what is the value of y?

Answers

Answer:

y = 1.7 cm

Step-by-step explanation:

V= lwh

w = [tex]\frac{V}{lh}[/tex] = [tex]\frac{53.72 cubic centimeters}{4cm(7.9cm)}[/tex] = 1.7 cm

write a mathematical equation and calculate the area of the irregular polygon

Answers

3)5/6)=x 36-508-7392

Raymond bought wrapping paper that cost
$0.04 per square inch. How much did it cost to
wrap this box.

Answers

Answer: $46.08

Step-by-step explanation:

Find the surface Area of the box

the bases are 12*12= 144 times 2 bases 144*2= 288

The area of each side is 12*18=216 times 4 sides 216*4=864

add the totals together to find the total surface area 288+864=1152

total surface area is 1152 inches. Multiply by the cost per square inch

1152*.04= 46.08

Mrs. Smith is shopping for a toy chest to go
in her kids' playroom. She looks at the options
shown.


How much floor space will toy chest A take up?

Answers

Answer: 20ft

Step-by-step explanation:

floor space is only worried about the area of the base, so A would be 4*5 or 20

Answer:

20

Step-by-step explanation:

giving brainliest!! *easy*

Answers

Answer:

370 square millimeters

Step-by-step explanation:

2x9x5=90

2x10x5=100

2x10x9=180

90+100+180=370 square millimeters

Answer

450mm^3

Step-by-step explanation:

the picture has the workings

A=l×w×h

A=10mm×9mm×5mm

A=450mm^3

What is 74 in standard form? O A. 11 OB. 28 Oc. C. 2, 401 O O D. 16,384​

Answers

Answer:

oc2

Step-by-step explanation:

because

Shelia's measured glucose level one hour after a sugary drink varies according to the normal distribution with μ = 132 mg/dL and σ = 11.3 mg/dL. what is the level L such that there is probability only 0.01 that the mean glucose level of 5 test results falls above L?

Answers

Answer:

134.6

Step-by-step explanation:

Problems of normally distributed samples are solved using the z-score formula. This is X when Z has a p-value of 1-0.01 = 0.99. So it is X when Z = 2.325.

The level is L = 134.6

The Central Limit Theorem estabilishes that, for a random variable X, with mean  and standard deviation, large sample size can be approximated to a normal distribution with a mean and standard deviation

plzzzz help meeeeeeeeeeee

Answers

It is the 2nd one you’re welcome

The National Assessment of Educational Progress (NAEP) includes a "long-term trend" study that tracks reading and mathematics skills over time, and obtains demographic information. In the 2012 study, a random sample of 9000 17-year-old students was selected.24 The NAEP sample used a multistage design, but the overall effect is quite similar to an SRS of 17-year-olds who are still in school. In the sample, 51% of students had at least one parent who was a college graduate. Estimate, with 99% confidence, the proportion of all 17-year-old students in 2012 who had at least one parent graduate from college.

Answers

Answer:

The 99% confidence interval estimate for the proportion of all 17-year-old students in 2012 who had at least one parent graduate from college is (0.4964, 0.5236).

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which

z is the zscore that has a pvalue of [tex]1 - \frac{\alpha}{2}[/tex].

Sample of 9000, 51% of students had at least one parent who was a college graduate.

This means that [tex]n = 9000, \pi = 0.51[/tex]

99% confidence level

So [tex]\alpha = 0.01[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.01}{2} = 0.995[/tex], so [tex]Z = 2.575[/tex].

The lower limit of this interval is:

[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.51 - 2.575\sqrt{\frac{0.51*0.49}{9000}} = 0.4964[/tex]

The upper limit of this interval is:

[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.51 + 2.575\sqrt{\frac{0.51*0.49}{9000}} = 0.5236[/tex]

The 99% confidence interval estimate for the proportion of all 17-year-old students in 2012 who had at least one parent graduate from college is (0.4964, 0.5236).

Determine what type of solution the following equation has: 3(x-1)+5=3x+2

- No solution
- One solution
-Infinitely Many solution

Answers

If I’m not wrong it’s one solution because the sum of 3(x-1)+5=3x+2 is 0

Hope this helps!

Please I beg of you answer this question please answer this correctly no links no trolls pleaseeee

Answers

Answer:

Step-by-step explanation:

pi r^2 for area

pi 35^2

pi1225= about 3848.45

2pi r for circumference

2pi35

pi70= about 219.9

ANSWER ASAP PLS

The circular opening of a tunnel has a circumference of 36 meters. Which equation can be used to find d, the
diameter of the tunnel opening in meters?

Answers

D = circumference divided by Pi

D = 36 divided by 3.14

D = 11.5

How many kilograms are equal to
54,308 grams?

Answers

Answer:

54.308 kilograms

Step-by-step explanation:

Pls Help! Put a proper answer! If you put a link I will report you!
When clearing the fractions in the equation below, what is the Least Common Denominator?

Answers

Step-by-step explanation:

X - ⅙X = - ½ - ⅓ ==> ⅚X = - ⅚ ==> X = -1

Factor the binomial b^2 - 9

Answers

Answer:

(b-3)(b+3)

Step-by-step explanation:

b^2+3b-3b-9

Answer: (b-3)(b+3)
Explanation: Sum-product pattern, then find the common factor(s), rewrite into factored form : )

A customer at the store wanted to buy a different watch that was listed at $88 but had a 15% discount. Then the customer had to pay a sales tax of 5% on the discounted price. How much did the customer pay for the watch? *

Answers

Step-by-step explanation:

88 X 0,15 =....

... X 1.05 = answer

thomas has 12 more marbles than twice the number of marbles Andrew has.
Andrew has x marbles. which expression represents how many marbles thomas has?
A. x + 2 + 12
B.x+12(2)
C.2x+12
D.2(x+12)​

Answers

Answer:

A.

x + 2 + 12

Step-by-step explanation:

Thomas (t) = Andrew (x) * 2 + 12

at a football game, every person is either a fan of the home team or of the visiting team. omar observes that the ratio of fans of the home team to fans of the visiting team is 7:2. omar states that the total number of fans at the game must be an odd number because 7 + 2 = 9 and 9 is an odd number.

Determine a number of fans of the home team and a number of fans of the visiting team that show omar statement is false.

the first question is, enter a number of fans of the home team that would show Omar's statement is false.

the second question, enter a number of fans of the visiting team that would show omar statement is false.



pls I need help!!!!!!​

Answers

14 fans for the home team and 4 for the away will still hold the ratio and prove Omar’s statement false.

Will give brainliest for correct answer

Answers

Answer:

A function is a rule that assigns to each input exactly one output.

Step-by-step explanation:

If you have more than one of the same inputs for multiple outputs, it would create a vertical line at somepoint on your line.

Answer:

The correct answer is "a rule that assigns to each input exactly one output".

Step-by-step explanation:

In mathematics, a function is a binary relation between two sets that associates to each element of the first set exactly one element of the second set. Typical examples are functions from integers to integers, or from real numbers to real numbers.

ANSWER THE QUESTION FOR BRAINLIEST

Answers

Non linear means not a straight line so answer C or the third answer.

Answer:

not a straight line

Step-by-step explanation:

Linear has the word "line" in it. A linear relation has a graph shaped like a straight line.

Nonlinear means "not like a straight line".

Answer: not a straight line

the measure of an angle and its complements are 13x and 17x write an equation then solve​

Answers

Step-by-step explanation:

Aal kimoya iyah I love 18

PLEASE HELP FAST I WILL GIVE YOU BRAINLIEST
AABC - AQRS
Find the missing side length, n.
R
B.
12.5
5
2
А-
-C
4
10
n = [?]
Enter

Answers

Answer:

5

Step-by-step explanation:

yoy need to find hue multiplying factor, this is done by dividing one of the sides in QRS, by one in ABC. you can divide 10 by 4 to give you 2.5, and then multiply that by 2 to get 5

Other Questions
Which graph represents the function f(x) = 4|x|?Which graph represents the function f(x) = 4|x|? Please help I'll give brainliest! Which physical feature is labeled with the letter D? Please I beg you, dont use my points please. If you dont know please dont answer please please please I beg you. Fluorine, chlorine, and bromine react with gold. which 1 of the 3 elements will be the most reactive with gold thanks The American Civil War (also known by other names) was a civil war in the United States from 1861 to 1865, fought between northern states loyal to the Union and southern states that had seceded to form the Confederate States of America. The principal cause of the war was the status of slavery in the United States, especially in the territories. After Abraham Lincoln won the November 1860 presidential election on an anti-slavery platform, an initial seven slave states declared their secession from the country to form the Confederacy. War broke out in April 1861 when secessionist forces attacked Fort Sumter in South Carolina, just over a month after Lincoln's inauguration. An additional four slave states joined the Confederacy in the following two months. The Confederacy grew to control at least a majority of territory in those eleven states (out of the 34 U.S. states in February 1861), and it claimed the additional states of Kentucky and Missouri by assertions from native secessionists fleeing Union authority. These states were given full representation in the Confederate Congress throughout the Civil War. The two remaining slave states, Delaware and Maryland, were invited to join the Confederacy, but Delaware declined and nothing substantial developed in Maryland due to intervention by federal troops. The Confederate states were never diplomatically recognized as a joint entity by the government of the United States, nor by that of any foreign country. The states that remained loyal to the U.S. were known as the Union. The Union and the Confederacy quickly raised volunteer and conscription armies that fought mostly in the South for four years. Intense combat left between 620,000 and 750,000 soldiers dead, along with an undetermined number of civilians. The Civil War remains the deadliest military conflict in American history, and accounted for more American military deaths than all other wars combined until the Vietnam War. The war effectively ended on April 9, 1865, when Confederate General Robert E. Lee surrendered to Union GeJk! drop a pic of doja cat here Exothermic reactions have _____ net bond energy. A) positive B) negative C) neutral Mom and Dad_to work everyday.Drive or Drives ? Please help, test due in 2 hours! Will give good review and brainliest. :) Natural selection will only lead to evolution if it allows for an organism to ________.a. possess advantageous traits.b. compete for resources.c. produce offspring.d. all of the above. How do you know if a number is rational irrational or not real number A 4 pound force acting in the direction of (4,-2) moves an object just over 7 ft from point (0,4) to point (5,-1). Find the work done to move the object to the nearest foot-pound Joseph is planning to meet up with his friend Naomi. Joseph jogs from his house traveling at a rate of 4miles per hour. Naomi is initially 27 miles from Joseph's house and travels towards Joseph at 5 miles perhour.a) Show your solution graphically.b) How many hours went by before they met?hoursc) How many miles were they from Joseph's house when they met?miles3025Joseph A 5kg book is slid across the floor with an initial velocity of 3m/s. It slows and stops due to the friction with the floor. How man joules of work did friction do? please answer the math question, I will give brainlie'st to the first to answer correctly and has a very easy to understand layout for the answer. Please explain how you figured it out.15 + 4(10 - 2 5) + 7 =722182767 Scuba diver dives at a rate of 20 ft./min. If the diver starts at the surface what is the depth of the diver after 4 minute HELPPP PLEASEEE 4 ANNOTATE Use the correct terms to complete this diagram showing the reactants andproducts for each chemical reaction. Two parter:A.) What is wrong with the program segment below? The program does not contain syntax errors.B.) Fix the programming error(s)num = 1;while (num < 9) { cout Sarah is performing a nose-to-tail physical examination of a cat. She has finished examining the head and neck. What is the next area she shouldexamine?OA external genitaliaBabdomenC. trunk and limbsD.thoraxEtail What is the absolute value equation below:|x|=7 Which of the following is SIQ most likely tostand for?A. Station Identification QuestionnaireB. Standard Item QuestionnaireC. Software Inventory QuestionnaireD. System Identification QuestionnaireE. Station Inventory Questionnaire