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almond37 [142]
1 year ago
12

How much interest would $1,000 earn in 1 year at an annual rate of 2% compounded annually

Mathematics
1 answer:
NNADVOKAT [17]1 year ago
6 0

The Compound Interest would be $1104.895

What is Compound Interest ?

The interest charged on a loan or deposit is known as compound interest. It is the idea that we use the most frequently on a daily basis. Compound interest is calculated for an amount based on both the principal and cumulative interest. The main distinction between compound and simple interest is this. If we examine our bank statements, we will typically see that our account is credited with interest on a yearly basis. Even though the principal remains the same, the interest changes annually. We can observe that interest rises over time. As a result, we can infer that the interest the bank charges is compound interest, or CI, rather than simple interest.

Number of quarters in 5years =5×4=20

Quarterly rate of compound interest

r=24=0.5%

Initial amount

P=$1000

hence the total amount after 5years

=  P(1+r/100)n

=1000(1+0.5/100)^20

=1000(1.005)^20

=$1104.895

Hence, The Interest will be $1104.895

To learn more about Compound interest click on the link

brainly.com/question/24924853

#SPJ10

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Longest side is between 36 and 18 feet

18 < L < 36

IF longest side were 36 feet, width =0

IF longest side were 18, then width = 18

to be longest L>W L>18. and L can't be as much as 36 to keep width >0

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The distance between the tee and the pin (due west) on a par 3 hole of a golf course is 130 meters.
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2 years ago
Find the function r that satisfies the given condition. r'(t) = (e^t, sin t, sec^2 t): r(0) = (2, 2, 2) r(t) = ()
lesantik [10]

Answer:

r(t) = (e^t +1, -cos(t) + 3, tan(t) + 2)

Step-by-step explanation:

A primitive of e^t is e^t+c, since r(0) has 2 in its first cooridnate, then

e^0+c = 2

1+c = 2

c = 1

Thus, the first coordinate of r(t) is e^t + 1.

A primitive of sin(t) is -cos(t) + c (remember that the derivate of cos(t) is -sin(t)). SInce r(0) in its second coordinate is 2, then

-cos(0)+c = 2

-1+c = 2

c = 3

Therefore, in the second coordinate r(t) is equal to -cos(t)+3.

Now, lets see the last coordinate.

A primitive of sec²(t) is tan(t)+c (you can check this by derivating tan(t) = sin(t)/cos(t) using the divition rule and the property that cos²(t)+sin²(t) = 1 for all t). Since in its third coordinate r(0) is also 2, then we have that

2 = tan(0)+c = sin(0)/cos(0) + c = 0/1 + c = 0

Thus, c = 2

As a consecuence, the third coordinate of r(t) is tan(t) + 2.

As a result, r(t) = (e^t +1, -cos(t) + 3, tan(t) + 2).

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