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Alika [10]
2 years ago
5

How much would you need to deposit in an account now in order to have $6000 in the account in 5 years? Assume the account earns

8% interest compounded daily.
Mathematics
1 answer:
Darya [45]2 years ago
7 0

Answer:

$\frac{6000\cdot \:365^{1825}}{365.08^{1825}}

Step-by-step explanation:

x(1+.\frac{.08}{365})^{5\cdot \:365} =6000

x\frac{365.08^{1825}}{365^{1825}}=6000

x\frac{365.08^{1825}}{365^{1825}}\cdot \:365^{1825}=6000\cdot \:365^{1825};\quad \ne \mathrm{True}

365.08^{1825}x=6000\cdot \:365^{1825};\quad \ne \mathrm{True}

\frac{365.08^{1825}x}{365.08^{1825}}=\frac{6000\cdot \:365^{1825}}{365.08^{1825}};\quad \ne \mathrm{True}

x=\frac{6000\cdot \:365^{1825}}{365.08^{1825}};\quad \ne \mathrm{True}

you cannot simplify further because of the high exponents

It is simply extremely hard to do compound interest problems backwards if it gets compounded daily

Mark brainliest please!

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Answer:

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Step-by-step explanation: The point-slope form is y_-y_{1}=m_(x_-x_{1})

In slope-intercept form, the equation would be y = -7x + 11

You could find the slope by using the slope equation, \frac{y_{2} -y_{1} }{x_{2} -x_{1} }.

Using that, you would get -7. Thus by inserting one of the points and the slope in the point-slope equation, you will get your answer.

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3 years ago
Kianna and three friends went out to dinner together. The total bill was $58.49. If they each agreed to pay an equal share of th
jonny [76]
Answer:  $15.00 per person.
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Explanation:
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 Given that there are "4 people" (that is, "Kianna and three friends");
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and a total of "$58.49" ; to be divided equally among 4 (four) people;
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 we are asked to <em><u>estimate</u></em> the amount that EACH person will pay.
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For an <em><u>ESTIMATE</u></em>,  $58.49 is ABOUT $60.00; or "60 dollars". ;

and (60 dollars) / 4 = 15 dollars {$15; or $15.00}. 

60/4 = 15;  or 60/4 = (60÷2)/(4÷2) = 30/2 = 15.
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3 years ago
Assuming the pattern continues, what are the next two terms in this
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4 years ago
A present is shaped like a
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8 0
3 years ago
Solve using substitution<br> y=3x-5<br> 2x+5y=-42
Paul [167]

Answer:

Solution point is (-1,-9)

Step-by-step explanation:

Put the value of y in the first equation into the second equation.

  • 2x + 5(3x - 5) = - 42            Remove the brackets on the left
  • 2x + 15x - 25 = - 42            Combine like terms on the left
  • 17x - 25 = - 42                     Add 25 to both sides
  • 17x - 25 + 25 = - 42 + 25    Do the addition
  • 17x = - 17                              Divide by 17
  • 17x/17 = -17/17                      Do the division
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=======

Solve for y

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6 0
4 years ago
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