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luda_lava [24]
3 years ago
15

Steven invests $20,000 in an account earning 3% interest, compounded annually for 10 years. Three years after Stevens's initial

investment, Evan invests $10,000 in an account earning 7% interest, compounded annually for 7 years. Given that no additional deposits are made, compare the amount of interest earned after the interest period ends for each account. (round to the nearest dollar)
Mathematics
1 answer:
Effectus [21]3 years ago
6 0

The formula to find the amount is

here A is amount

P is the principal

'r' is the rate of interest

n is the number of years.

Case 1.

Stevan invests

P =$ 20,000

r = 3% = 0.03

n = 10 years

Hence the interest earned

= A - P = 26878.33 - 20000 = $6878.33

Case 2.

Evan invests

P = $10,000

r = 7% = 0.07

n = 7 years

Hence the interest earned

= A - P = 16057.81 - 10000 = 6057.81

Difference in the interest = 6878.33 - 6057.81 = $820.52

Rounded to the nearest dollar difference in interest = $821

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Vedmedyk [2.9K]

Problem 1

Answers:

  • Cone: Triangle
  • Cylinder: Rectangle
  • Sphere: Circle

------------------------

Explanation:

Imagine a fan blade rotating. As it rotates really quickly, it occupies a 3D space. Or perhaps imagining rotating eggbeaters is a better thing to have in mind. Those blades spin really fast to form a 3D shape. So that's what's going on with this problem. If you spin a triangle around an axis, a cone will form. The base of the triangle forms the base of the cone. Half the base of the triangle is the radius of the cone. The height of the triangle is the height of the cone.

Similarly, a rectangle rotated around its center axis forms a cylinder. Think of a revolving door. That's often a classic example. Finally, a circle spun around any of its diameters will form a sphere.

========================================================

Problem 2

Answers:

  • Object 1: Cup = Cylinder
  • Object 2: Ball = Sphere
  • Object 3: Funnel = Cone
  • Object 4: Paper towel roll = Cylinder

-------------------------------

Explanation:

Pick objects around your house that are fairly simple in design and resemble either a cylinder, sphere, or cone. A cup resembles a cylinder just it doesn't have a top to it. A ball is a 3D sphere that has an interior to it, unless the ball is filled with air. A funnel resembles a cone due to its triangular shape of sorts. A paper towel roll (the card board piece or the cardboard plus the actual paper towels) resemble a cylinder as well. You can pick any four other objects you have around your house such as a cylindrical speaker, batteries (shaped as a cylinder), soup cans (also cylinders), and so on.

========================================================

Problem 3

Answers:

  • a) volume of cylinder = pi*r^2*h
  • b) volume of sphere = (4/3)*pi*r^3
  • c) volume of pyramid = (1/3)*L*W*H
  • d) volume of cone = (1/3)*pi*r^2*h

-------------------------------

Explanation:

These formulas are what you should memorize or have handy on a flashcard. It is possible to derive them, but it would require calculus to do so. Also, such a process is quite length. So memorization or flashcards are the better way to go.

For the cylinder and cone, r is the radius and h is the height. Note how the formulas are nearly identical except the cone has the (1/3) term. This shows that the cone's volume is 1/3 that of the cylinder's volume where they both have the same radius r and height h.

The sphere also deals with the radius r, but we don't have to worry about the height of the sphere (it's really just 2r).

For the pyramid, L,W,H represent the length width and height respectively. The length and width form the base of the pyramid. Recall that L*W*H is the volume of a rectangular block. The volume of a pyramid is 1/3 of that rectangular block's volume.

7 0
3 years ago
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4 years ago
On a map, 2 inches represents 60 miles. What part of an inch represents 12 miles? Please show how you get you answer.
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4 years ago
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The answer would be m^2 n because it’s the largest thing that can go into both monomials
3 0
3 years ago
Look at the graph.
Rainbow [258]

Answer:

f(x) =80 \cdot \:  {( \frac{1}{4} )}^{x - 1}

Step-by-step explanation:

Fro the graph, the first three terms of the sequence are 80,20,5,...

This is a geometric sequence with first term

f(1)= 80

The common ratio is

r =  \frac{20}{80}  =  \frac{5}{20}  =  \frac{1}{4}

The function is given by

f(x) = f(1) \cdot \:  {r}^{x - 1}

We substitute the values we got from the graph into this formula to get:

f(x) =80 \cdot \:  {( \frac{1}{4} )}^{x - 1}

The correct answer is A

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3 years ago
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