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3 years ago

7

A newborn child receives a $20,000 gift toward college education from her grandparents. How much will the 20,000 be worth in 17

years if it is invested at 7% and compounded quarterly?

1 answer:

Alexus [3.1K]3 years ago

7 0

Answer:

The amount the $20.000 will be worth in 17 years at compound interest is $65068.443

Step-by-step explanation:

Here we have the Principal, P = $20,000.00

The annual interest rate, r = 7% = 0.07

Time , t = 17 years

Number of compounding period per year, m = quarterly = 4

The compound interest can be found from the following formula;

$Amount, \ A = P \left (1 + \frac{1}{r} \right )^{mt}$

Therefore, by plugging the values of the equation parameters, we have;

$Amount, \ A = 20000 \left (1 + \frac{0.07}{4} \right )^{4 \times 17} = \$ 65068.443$

Therefore, the amount the $20.000 will be worth in 17 years at compound interest = $65068.443.

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Find the solution of the given initial value problems in explicit form. Determine the interval where the solutions are defined.

natali 33 [55]

Answer:

The solution of the given initial value problems in explicit form is $y=x-x^2-2$ and the solutions are defined for all real numbers.

Step-by-step explanation:

The given differential equation is

$y'=1-2x$

It can be written as

$\frac{dy}{dx}=1-2x$

Use variable separable method to solve this differential equation.

$dy=(1-2x)dx$

Integrate both the sides.

$\int dy=\int (1-2x)dx$

$y=x-2(\frac{x^2}{2})+C$ $[\because \int x^n=\frac{x^{n+1}}{n+1}]$

$y=x-x^2+C$ ... (1)

It is given that y(1) = -2. Substitute x=1 and y=-2 to find the value of C.

$-2=1-(1)^2+C$

$-2=1-1+C$

$-2=C$

The value of C is -2. Substitute C=-2 in equation (1).

$y=x-x^2-2$

Therefore the solution of the given initial value problems in explicit form is $y=x-x^2-2$ .

The solution is quadratic function, so it is defined for all real values.

Therefore the solutions are defined for all real numbers.

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3 years ago

A lawn is in the shape of a trapezoid with a height of 50 feet and bases of 40 feet and 160 feet. How many full bags of fertiliz

Alex787 [66]

Answer:

Step-by-step explanation:

Area = 50 × (40+160)/2 =5000 ft^2

You need one bag.

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3 years ago

The quotient of (x4 – 3x2 + 4x – 3) and a polynomial is (x2 + x – 3). What is the polynomial?

suter [353]

The right answer for the question that is being asked and shown above is that: "x2 – x + 1."The quotient of (x4 – 3x2 + 4x – 3) and a polynomial is (x2 + x – 3). The polynomial is this one: <span>x2 – x + 1</span>

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3 years ago

Read 2 more answers

A real estate agent has 14 properties that she shows. She feels that there is a 50% chance of selling any one property during a

Ratling [72]

Answer:

91.02% probability of selling more than 4 properties in one week.

Step-by-step explanation:

For each property, there are only two possible outcomes. Either it is sold, or it is not. The chance of selling any one property is independent of selling another property. So we use the binomial probability distribution to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

In which $C_{n,x}$ is the number of different combinations of x objects from a set of n elements, given by the following formula.

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And p is the probability of X happening.

In this problem we have that:

$n = 14, p = 0.5$

Compute the probability of selling more than 4 properties in one week.

Either you sell 4 or less properties in one week, or you sell more. The sum of the probabilities of these events is decimal 1. So

$P(X \leq 4) + P(X > 4) = 1$

We want to find $P(X > 4)$ . So

$P(X > 4) = 1 - P(X \leq 4)$

In which

$P(X \leq 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4)$

So

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

$P(X = 0) = C_{14,0}.(0.5)^{0}.(0.5)^{14} = 0.000061$

$P(X = 1) = C_{14,1}.(0.5)^{1}.(0.5)^{13} = 0.000854$

$P(X = 2) = C_{14,2}.(0.5)^{2}.(0.5)^{12} = 0.0056$

$P(X = 3) = C_{14,3}.(0.5)^{3}.(0.5)^{11} = 0.0222$

$P(X = 4) = C_{14,4}.(0.5)^{4}.(0.5)^{10} = 0.0611$

So

$P(X \leq 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) = 0.000061 + 0.000854 + 0.0056 + 0.0222 + 0.0611 = 0.0898$

Finally

$P(X > 4) = 1 - P(X \leq 4) = 1 - 0.0898 = 0.9102$

91.02% probability of selling more than 4 properties in one week.

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3 years ago

Need help for points

Harrizon [31]

The answer

1 /3 radius^2 x height 3
Pi/3 *r^2 x 9 3 = 3 pi ^2

r=1, volume = 3 pi
r=2, volume = 12 pi
r=3, volume = 27pi

8 0

2 years ago