Ask question

Ask question

All categories

3 years ago

12

Find the amount in a bank account if you deposited $10,000 for 25 years at 6.25% interest compounded quarterly.

1 answer:

KengaRu [80]3 years ago

4 0

Ok, so the formula for compound QUARTERLY is A=P(1+ʳ/n)ⁿ<span>ᵗ.
P= The initial amount.
R= The Rate
T= The Time/Number of Years
N= Number of time interest is compounded per year. (In this case its 4 because it compounded QUARTERLY.)

So if you input the numbers, you will get A=10,000(1+0.0625/4)</span>⁴⁽²⁵⁾<span>
Now solve inside the parenthesis.
10,0 00(1.0625/4)</span>⁴⁽²⁵⁾
Now you will need a calculator for the next part...
Do 1.0625/4 and times it by 10,000 .
You will get 0.0265265. You can't for get about the ⁴⁽²⁵⁾.
⁴⁽²⁵⁾=<span>¹⁰⁰
</span>2,656.25¹⁰⁰=
$47134.43 Hope This Helped!

You might be interested in

Which is the graph of the cube root function f(x) = RootIndex 3 StartRoot x EndRoot?

Sauron [17]

The graph of a function f(x) = ∛x is shown in the picture, and the domain of the function will be all real numbers.

<h3>What is a function?</h3>

It is defined as a special type of relationship, and they have a predefined domain and range according to the function every value in the domain is related to exactly one value in the range.

The question is incomplete.

The complete question is in the picture, please refer to the attached picture.

We have a function:

f(x) = ∛x

The domain of the function will be all real numbers.

x ∈(-∞, ∞)

The graph will be curved.

Plug x = 0, y = 0

x = 1, y = 1

The graph is shown in the attached picture.

Thus, the graph of a function f(x) = ∛x is shown in the picture, and the domain of the function will be all real numbers.

Learn more about the function here:

brainly.com/question/5245372

#SPJ1

6 0

1 year ago

Factor completely 4u^2-28u+49

icang [17]

$\bold{Answer}$

$\boxed{\bold{\left(2u-7\right)^2}}$

$\bold{Explanation}$

$\bold{Factor: \ 4u^2-28u+49}$

$\bold{---------------------}$

$\bold{Rewrite \ 4u^2-28u+49: \ \left(2u\right)^2-2\cdot \:2u\cdot \:7+7^2}$

$\bold{\left(2u\right)^2-2\cdot \:2u\cdot \:7+7^2}$

$\bold{Apply \ Perfect \ Square \ Formula \ \left(a-b\right)^2=a^2-2ab+b^2: \ a=2u,\:b=7}$

$\bold{\left(2u-7\right)^2}$

$\boxed{\bold{Eclipsed}}$

3 0

3 years ago

Read 2 more answers

Paolo is using his grandmother’s cookie recipe. He always doubles the amount of chocolate chips and oats. The recipe calls for 2

nalin [4]

<u>Answer:</u>

y = 94.5 cups

<u>Step-by-step explanation:</u>

Let's say:

y = oats
x = chocolate chips = 212

=> Full Recipe = 212 + y

=> 2(Full Recipe) = 2(212 + y) = 613 cups

=> 2(Full Recipe) = 424 + 2y = 613 cups

=> 2y = 613 - 424

=> 2y = 189

=> y = 94.5

Therefore, the required oats to do double the recipe is 94.5 cups.

Hoped this helped.

$GeniusUser$

8 0

2 years ago

What is the area of the shaded sector

Whitepunk [10]

Answer:

Area = 634.21 square metre

Step-by-step explanation:

Area of shaded region = Area of the circle - Area of the sector

$Area \ of \ the \ circle = \pi r^2 = 225 \pi\\\\Area \ of \ the \ sector = \pi r^2 \frac{ \theta}{360} = \pi \times 225 \times \frac{37}{360}$

$Area \ of \ shaded \ region = 225 \pi - (225 \pi \times \frac{37}{360})$

$= 225 \pi (1 - \frac{37}{360})\\\\= 225 \pi \times 0.89722\\\\=634.21 m^2$

7 0

2 years ago

Read 2 more answers

A 500 g model train car traveling at 0.8 m/s collides with a 300 g stationary car. The cars hook up and move off down the track

sdas [7]

Answer:

$0.5ms^{-1}$

Step-by-step explanation:

Let v be the speed after the collision of both the cars.

Now, momentum is given by: mass × velocity, then by equating the total momentum before and after the collision of the two cars, we get

$500{\times}0.8+300{\times}0=(500+300)v$

⇒ $400+0=800v$

⇒ $400=800v$

⇒ $v=0.5ms^{-1}$

Thus, they are moving at the velocity of $0.5ms^{-1}$

3 0

3 years ago

Read 2 more answers