You have a choice to invest in one of three different college funds to save up for college. You need to save at least $14,000 for your first year. In which of the three accounts do you choose to invest your money given that you have $10,000 to invest and you would like to accrue as much interest as possible?
Answers
Answer: C) You choose account #2
===================================================
Explanation:
Let's compute the final balance for account 1.
We'll use the compound interest formula
A = P*(1+r/n)^(n*t)
where,
P = principal or amount depositedr = decimal form of the annual interest raten = number of times we compound the interest per yeart = number of yearswhere in this case
P = 10,000r = 0.035 n = 4 t = 10So with all that in mind, we get
A = P*(1+r/n)^(n*t)
A = 10,000*(1+0.035/4)^(4*10)
A = 14,169.0883793113
A = 14,169.09
Account #1 gets us $14,169.09 which is over our goal of $14,000
--------------------------
Let's repeat this idea for account 3. I'll get back to account 2 in the next section.
For account 3, we have these inputs
P = 10,000r = 0.032n = 1t = 10leading to...
A = P*(1+r/n)^(n*t)
A = 10,000*(1+0.032/1)^(1*10)
A = 13,702.4104633564
A = 13,702.41
This isn't larger than 14,000. So we cannot use account 3. The interest rate is too small and needs to be bumped up.
--------------------------
Now let's compute account 2. We'll use the continuously compounded interest formula which is
A = P*e^(rt)
The P, r and t are the same as before. The 'e' is a constant and it's roughly e = 2.718... similar to how pi = 3.14... approximately.
I recommend using the calculator's stored value of 'e' to get as much accuracy as possible.
So,
A = P*e^(rt)
A = 10,000*e^(0.036*10)
A = 14,333.2941456052
A = 14,333.29
This exceeds 14,000 so we can use this account.
Comparing this to account 1's value (14,169.09), we can see that account 2 gets us the most money over the 10 year time period. Not only does account 2 have the higher interest rate, but it also has an infinitely higher compounding frequency as well. These two factors help contribute as to why account 2 beats out account 1.
This is why we should go for account 2.
Related Questions
I need help this is urgent
Write an equation of the line below
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Hence, y= 4-x
Please help explanation if possible
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Answer:
I don't know ask to your teacher
Write the area A of an equilateral triangle as a function of the length s of its sides.
STEP 1: Find the base of the equilateral triangle in terms of s.
STEP 2: The height of an equilateral triangle can be found via the Pythagorean theorem. Use this information to find h in terms of s.
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Write the area A of an equilateral triangle as a function of the length s of its sides. Draw the triangle; label each side "2s". Draw the altitute; it will bisect the base into s and s. ... Therefore, the area is equal to the measure of the bisected side times the measure of the altitude, quantity divided by 2.
HOPE SO IT HELPS YOU
Answer:
Step-by-step explanation:
Part A
Each side including the base is s.
Part B
Use 1/2 the base to find the height. The height meets the base at 90 degrees which gives you the right to use c^2 = b^2 + a^2
The hypotenuse is s
The base is 1/2s
h^2 = s^2 - (1/2s)^2
h^2 = s^2 - 1/4 s^2
h^2 = 3s^2/4
h = sqrt(3)/2 *s
Area = 1/2 * s * sqrt(3)/2 s
Area = 1/4 * s^2 * sqrt(3)
b) The price of a radio is marked as Rs 7,500. If the shopkeeper allows 20 % discount and adds 13 % VAT, how much will a customer pay for the radio?
Answers
Answer:
the customer should pay Rs.6780 including VAT.
Step-by-step explanation:
here,
Marked price(MP)=7500
Discount(D)=20%
VAT=13%
now,
selling price(SP)=MP-D%of MP
=7500-20×7500/100
= 7500-1500
= Rs 6000
again,
SP with VAT = SP +VAT of SP
= 6000+13×6000/100
=6000+780
=Rs.6780
hence,
the customer should pay Rs. 6780 including VAT.
Diana and Dulce were selling tickets for their upcoming
softball game. Dulce sold 20% more than Diana. If they
sold 55 tickets total, how many tickets did each of them
sell?
Answers
Answer:
Diana sold 25 tickets and Dulce sold 30 tickets
Step-by-step explanation:
Let us assume that Diana sold x number of tickets, dulce sold 20% more x or 1.2x. ATQ, x+1.2x=55. x=25. So Diana sold 25 tickets and Dulce sold 30 tickets
One-third of a number when subtracted from double of itself is equal to 10. Find the number.
2x−x3=10
X=?
Answers
Answer:
number is 6
Step-by-step explanation:
let the number be x , then double the number is 2x and
2x - [tex]\frac{1}{3}[/tex] x = 10 ( multiply through by 3 to clear the fraction )
6x - x = 30
5x = 30 ( divide both sides by 5 )
x = 6
That is the number is 6
I do not understand this question can someone help me with good explanation will give Brainliest
Answers
Answer:
60 (E)
Step-by-step explanation:
He plants seeds -> plants grow to 12 times the original weight of the seeds -> he sells 50 tonnes from the harvest -> remainder is used as the next batch of seeds
He harvested 120 tonnes this year which means the original weight of the seeds planted was 120÷12 = 10 tonnes. This means that last years harvest would be the 10 tonnes used as seeds plus the 50 tonnes that would have been sold immediately, 10+50 = 60 tonnes
School is stressful.
Also, I don't know what I am supposed to put in this text box.
Answers
Answer: A) 4
Explanation:
For any 30-60-90 triangle, the short leg is half as long as the hypotenuse.
The short leg is opposite the smallest angle (30 degrees), so we see that
x = 8/2 = 4.
find the value of the trigonometric ratio.
Answers
Answer:
12/13
Step-by-step explanation:
sinX = opposite/hypotenuse = 12/13
Find "k" if a force of 10 Newtons produces an extension of 5 cm.
Answers
K = 5n/m
F=KE
K= F/E
= 10/5
K = 5n/m
Please help me it’s due in 2 mins
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82.053°??
(Tried going as fast as I can)
find the missing side
Answers
Answer:
[tex]\boxed{x=13.89\:km}[/tex]
Step-by-step explanation:
Pythagorean theorem
[tex]x^2=(12^2)+(7^2)[/tex]
[tex]x^2=144+49[/tex]
[tex]x^2=193[/tex]
[tex]x=\sqrt{193}[/tex]
[tex]\boxed{x=13.89\:km}[/tex]
CX is an altitude in triangle ABC.
Which statements are true? Select two options. .
Answers
Answer:
Does the answer help you?
Let ε = {5,6,7,8,9}, A = {x | x >7} and B = {5,6} Find
1. P(A’)
2. P(A) U P(B)
3. P(A) ∩ P(B)
4. P(A ∩ B)
Answers
Answer:
A={x| x>7} = 8,9
B= {5,6}
1,
2,{5,6,8,9}
3,{}
4{}
Determine the 3 digit chopping and rounding approximately of the number 0.9
Answers
Answer:
We want to "chop and round" the periodic number 0.9 at 3 digits.
First, remember that we can write our periodic number as:
0.9 = 0.9999...
Such that the nine repeats infinitely.
Now we want to chop it at the third digit, and then round.
To chop at the third digit we just "cut" the number at the third digit after the decimal point, we will get:
0.9 ≈ 0.999
Now we round.
Remember that to round a number, we need to look at the last digit after the decimal point.
If the last digit is 5 or larger, we round up, adding 1 to the previous decimal.
If the last digit is 4 or smaller, we round down, don't adding anything to the previous decimal.
in our number:
0.999
The last digit is a 9, so we round up.
Then we add "1" to the previous decimal
but the previous decimal is a 9, so when we add 1, it will transform into a 10.
So it also adds one to the previous decimal, which also is a 9, so the process repeats, this time adding 1 to the decimal to its left, in this case, that decimal will be the first decimal at the left of the decimal point.
So after rounding, we will get:
0.999 ≈ 1
Then we can conclude that:
he 3 digit chopping and rounding approximately of the number 0.9 is 1"
9.
For which discriminant is the graph possible?
A. b2 – 4ac = 3
B. b2 – 4ac = –4
C. b2 – 4ac = 0
Answers
Answer:
C. b2 – 4ac = 0
Step-by-step explanation:
In a mathematics class, half of the students scored 79 on an achievement test. With the exception of a few students who scored 49, the remaining students
scored 78. Which of the following statements is true about the distribution of scores?
A. The mean is greater than the mode.
B. The mean is greater than the median.
C. The mean and the median are the same.
OD. The mean is less than the median
Answers
Answer:
i went with mean is less than median
Step-by-step explanation:
other website lol
What is the range of function represented by the graph below?
Answers
Answer:
y ≥ 0
Step-by-step explanation:
The range of the function is the output values.
The y value goes from 0 to infinity
y ≥ 0
Can someone help me out
Answers
Answer:
82.8
Step-by-step explanation:
area of the parallelogram = base × height
= 13.8×6
= 82.8 in²
Answered by GAUTHMATH
Hello pls Asap plsssss
Answers
Given that ABCD is a rhombus, what is the value of x?
B
C.
(3x + 12)
D
A. 19.5
B. 78
C. 15.8
D. 26
E. 52
F. Cannot be determined
Answers
Answer:
Diagonals of a rhombus intersect at right angles
Therefore, [tex]\angle AOD=90[/tex]
[tex]Now,in\: \bigtriangleup AOD[/tex]
[tex]\angle OAD+\angle AOD+\angle ADO=180[/tex]
[tex]x+90+3x+12=180[/tex] [tex]\leftarrow [combing \: like\: terms][/tex]
[tex]4x+102=180\\-102 \: -102[/tex] [tex]\leftarrow [subtracting \:102 ][/tex]
[tex]\frac{4x}{4} =\frac{78}{4} \leftarrow [dividing \: by\: 4][/tex]
[tex]x=19.5[/tex] [tex]\Longleftarrow[/tex]
OAmalOHopeO
A baby can crawl ¾ foot in ¼ minute. How far does the baby get per minute?
Answers
Answer:
3 ft per minute
Step-by-step explanation:
Take the distance and divide by the time
3/4 ft ÷ 1/4 minute
Copy dot flip
3/4 * 4/1
Rewriting
3/1 * 4/4
3/1 *1
3 ft per minute
Kristian and Stephanie share money in the ratio 3 :2 Kristian receives $72 How much will Stephanie receive
Answers
Answer:
48
Step-by-step explanation:
Kristian : Stephanie
3 2
Kristian receives 72
72/3 = 24
Multiply each side by 24
Kristian : Stephanie
3*24 2*24
72 48
Instead of using the values {1,2,3,4,5,6}
on dice, suppose a pair of dice have the
following: {1,2,2,3,3,4} on one die and
{1,3,4,5,6,8} on the other. Find the
probability of rolling a sum of 2 with
these dice. Be sure to reduce.
[?]
Answers
Answer:
1/36
Step-by-step explanation:
it is the exact same as if both your dice had the numbers {1,2,3,4,5,6}
you said the SUM of the dice that is indicates the answer of the addition of two (or for that matter more) numbers,... the only numbers that would sum 2 is 1+1,... and because you only have two ones (one per die) the answer is the same as if they where die with normal numbers,...
The probability of rolling a sum of 2 with these dice is 1/36.
What is the probability?Probability refers to a possibility that deals with the occurrence of random events.
The probability of all the events occurring need to be 1.
The formula of probability is defined as the ratio of a number of favorable outcomes to the total number of outcomes.
P(E) = Number of favorable outcomes / total number of outcomes
We are given that;
Pair of dice have= {1,2,2,3,3,4}
Now,
The probability of rolling a sum of 2 with two dice is the same as the probability of rolling snake eyes, since the only way to get a sum of 2 is if both dice show a 11. The probability of rolling a 1 on a single die is 1/6, so the probability of rolling a 1 on both dice is (1/6) × (1/6) = 1/3612.
However, in this case, the dice are not standard six-sided dice, but have different numbers on their faces. The first die has {1,2,2,3,3,4} and the second die has {1,3,4,5,6,8}. The probability of rolling a 1 on the first die is still 1/6, but the probability of rolling a 1 on the second die is also 1/6. Therefore, the probability of rolling a sum of 2 with these dice is still (1/6) × (1/6) = 1/36.
This probability cannot be reduced any further, since 1 and 36 have no common factors other than 1.
Therefore, the probability will be 1/36.
Learn more about probability here;
https://brainly.com/question/9326835
#SPJ7
solve this question :
-10k2+7
Answers
Answer:
-10k×2+7
= -20k+7
Step-by-step explanation:
is the answer
5. Which expression is a simplified form of (3x2 + 2x - 4) + (-7x2 + 6x - 2)?
a 10x2 + 8x - 6
b. -4x2 + 8x - 2
C.-4x2 + 8x + 2
d. -4x2 + 8x - 6
Answers
Answer:
d. -4x² + 8x - 6
Step-by-step explanation:
(3x² + 2x - 4) + (-7x² + 6x - 2)
3x² + 2x - 4 - 7x² + 6x - 2
3x² - 7x² + 2x + 6x - 4 - 2
-4x² + 8x - 6
A photograph has a length that is 2 inches longer than its width, x. So its area is given by the expression x(x + 2) square inches. If the area of thi
photograph is 48 square inches, what is the width of the photograph?
The width of the photograph is
inches.
Answers
Which function describes this graph?
A. y = (x+5)(x-3)
B. y = x^2+7x+10
C. y = x^2+5x+12
D. y=(x-2)(x-5)
Answers
Answer:
B is the answer
Step-by-step explanation:
Answer:
B. y = x^2+7x+10
Step-by-step explanation:
whats the volume the triangular prism?
Answers
Answer:
the volume is 1000 cm^3
Step-by-step explanation:
first we need to find where is the base, and height, for this case, the trian is the base, not the rectangle, so it maybe eas if you draw a upright angle os the shape, with the triangle facing down.
As show you need to have bare and height for the volume of the prism, which we already know the height is 25 (h=25) so now we need to find the base.
for the base, since it’s a triangle, which has the area formal of 1/2(bh), so now just plot the number in, 1/2x10x8= 40 cm^2
now using the volume of prism formal; V = bh = 40 x 25 = 1000 cm^3
subtact (7x+2) from (-6x+8)
Answers
(-6x+8)-(7x+2)
4 -6x + 8 -7x - 2
= -13x + 6
Answer:
Step-by-step explanation:
(-6x + 8) - (7x + 2) = -6x + 8 - 7x - 2 {Distribute property}
= (-6x - 7x) +( 8 - 2) {Combine like terms}
= -13x + 6
