1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mixer [17]
3 years ago
10

5) Paul invests $3,092 in a savings account

Mathematics
1 answer:
Mkey [24]3 years ago
3 0

Answer:

R = 5% per year

Step-by-step explanation:

Solving for rate r as a decimal

r = n[(A/P)^1/nt - 1]

r = 4 × [(4,835.71/3,092.00)^1/(4)(9) - 1]

r = 0.05

Then convert r to R as a percentage

R = r * 100

R = 0.05 * 100

R = 5%/year

Summary:

The interest rate required to get a total amount of $4,835.71 from compound interest on a principal of $3,092.00 compounded 4 times per year over 9 years is 5% per year.

You might be interested in
The floor plan of a room has a scale of 2.5 in. : 35 ft. In the drawing, the length of the room is 8 in. and the width of the ro
Oksi-84 [34.3K]
Well if I did my math correctly I do believe the perimeter should be 392 ft.


6÷2.5= 2.4
2.4×35=84

8÷2.5= 3.2
3.2×35=112

84×2
112×2
_____
392

you mult. by 2 because it's a room which usually has four walls and I imagined it being a rectangle.
3 0
3 years ago
Read 2 more answers
103. Please help me!10 points! Thanks.
Inessa05 [86]
The formula for the surface area of a sphere is 4πr^2

This can be used in the following way, getting the diameter at 18.3:
18.3/2 = 9.15
Saying PI is 3.14 you can do this:

SA = 4*3.14*9.15^2 = 1051.6 m^2

Formula for volume is:
(4/3)πr^3

V = (4/3)*3.14*9.15^3 = 3207.2 m^3
8 0
3 years ago
A pair of jeans cost 35.00. the sales tax is 7%. how much is the sale tax?
KonstantinChe [14]

Answer:

2.45

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
The price of one share of stock in BadInvestment.com plunged 14 points in 4 weeks. Find the average change in the stock price pe
kiruha [24]
4 weeks at 7 days per week = (4 x 7) = 28 days

28/-14 = - 2....so the average change is -2 per day
3 0
3 years ago
Nick needs to raise at least $320 for his trip. He has $80 saved already, and he makes $40 per yard that he mows. Write and solv
Anestetic [448]

Answer: Nick must now at least 6 yards.

Step-by-step explanation:

Since Nick has $80 saved already, and he makes $40 per yard that he mows, thus can be put up in an equation as:

= 80 + 40y

where y = number of yards

Since Nick needs to raise at least $320 for his trip, the equation to solve this will be:

80 + 40x ≥ 320

40x ≥ 320 - 80

40x ≥ 240

x ≥ 240/40

x ≥ 6

Therefore, Nick must now at least 6 yards.

4 0
3 years ago
Other questions:
  • An advertisement for a new toothpaste claims that it reduces cavities of children in their cavity-prone years. Cavities per year
    12·1 answer
  • Which of the following factors are considered when calculating GDP?
    14·2 answers
  • Noah's recipe
    15·1 answer
  • Find the detention base 17 and area 18.7
    11·1 answer
  • What is the slope function y=8x+6
    9·1 answer
  • Write and evaluate the expression.Check all that apply. Write the expression as 11 +t2 -6 Write the expression as 11 +2t -6 Writ
    7·2 answers
  • Express 0.106 as a fraction
    9·1 answer
  • A, B & C form the vertices of a triangle.
    8·1 answer
  • How many triangles are formed by the angles and sides (45°, 108°, 7 cm)--unique triangle, more than one triangle, or no triangle
    10·1 answer
  • Which is the greatest fraction in this list? 1/2,3/4,5/8,11/16
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!