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Marina CMI [18]
3 years ago
11

A high-interest savings account pays 5.5% interest compounded annually. If $300 is deposited initially and again at the first of

Mathematics
2 answers:
Juli2301 [7.4K]3 years ago
7 0
The owner's account would have a balance of $4075.05 in 10 years.
Xelga [282]3 years ago
4 0

Answer:

\sum_{n=1}^{10} 316.5 (1.055)^{n-1}

Step-by-step explanation:

The amount (A) in a deposit after 1 year is calculated as follows:

A = P*(1 + r)

where:

P is the present value

r is the annual rate (decimal)

After the first year:

A = 300*(1 + 0.055) = $316.5

After the second year, the account will have a new amount of $316.5 due to the new $300 and the interest gained with the previous $316.5:

A = 316.5 + 316.5*(1 + 0.055)

After the third year:

A = 316.5 + [316.5 + 316.5*(1 + 0.055)]*(1 + 0.55)

A = 316.5 + 316.5*(1 + 0.055) + 316.5*(1 + 0.055)^2

After 10 years:

\sum_{n=1}^{10} 316.5 (1.055)^{n-1}

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A rock was thrown from the top of a cliff such that its distance above sea level was given by s(t)= at² + bt + c, where t is the
frutty [35]

Answer:

<h2>a) a = -3, b = 18, c = 48; </h2><h2>s(t) = -3t²+18t+48</h2><h2>b) 48m</h2><h2>c) 8secs</h2>

Step-by-step explanation:

The question is incomplete. Here is the complete question.

'A rock was thrown from the top of a cliff such that its distance above sea level was given by s(t)=at²+bt+c, where t is the time in seconds after the rock was released. After 1 second the rock was 63 m above sea level, after 2 seconds 72 m, and after 7 seconds 27 m. a. Find a, b and c and hence an expression for s(t). b. Find the height of the cliff. c. Find the time taken for the rock to reach sea level.'

Given the equation of the distance modelled as s(t)=at²+bt+c

If after 1 second the rock was 63 m, then 63 = a+b+c

If after 2 seconds, the distance was 72 m then 72 = 4a+2b+c

Also if after 7 seconds, the distance is 27 m, then 27 = 49a+7b+c

i) Solving the 3 equations simultaneously to get a, b and c we have;

a+b+c = 63 ... 1

4a+2b+c = 72 ...2

49a+7b+c = 27 ...3

Subtracting 2 from 1 and 3 from 2 we will generate 2 new equations as shown;

eqn 2- eqn1: 3a + b = 9...4

eqn 3- eqn 2: 45a + 5b = -45

eqn 3- eqn 2: 9a+b = -9 ... 5

solving 4 and 5 simultaneously

3a + b = 9 ...4

9a+b = -9 ... 5  

Taking the difference of 4 and 5 we have

6a - -9-9

6a = -18

a = -3

substituting a = -3 into equation 4 to get b we have;

3(-3)+b = 9

-9 + b = 9

b = 9+9

b = 18

substituting a = -3 and b = 18 into equation 1 to get c we have;

-3+18+c = 63

15+c = 63

c = 48

a = -3, b= 18 and c = 48

The distance function will be s(t) = -3t²+18t+48

ii) If the height of the cliff is modelled by the equation  s(t)=at²+bt+c

The height of the cliff is at when t = 0

s(0) = -3(0)²+18(0)+48

s(0) = 48m

The height of the cliff is 48m

iii) At the sea level, the height of the rock will be 0m, substituting this into the modeled equation for the height to get the time we have;

s(t)=at²+bt+c

0 = -3t²+18t+48

3t²-18t-48 = 0

t² - 6t - 16 =0

t² - 8t+2t - 16 = 0

t(t-8)+2(t-8) = 0

(t+2)(t-8) = 0

t = -2 or 8

Taking the positive value of the time, t = 8secs

Time taken for the rock to reach sea level is 8secs

7 0
3 years ago
1 1/4 as a whole number
monitta
Probably
Like
Or
Because
It’s
Gong
To
Be
A
Decimal 2.75
3 0
3 years ago
According to exponent rules, when we multiply the same base we _____ the exponents
Mazyrski [523]

Answer:

Add

Step-by-step explanation:

When MULTIPLY exponents with same base, you Keep the base and + ADD the exponents.

4 0
2 years ago
Read 2 more answers
If we have 3 dollars for 1 pesos. What is the unit rate of pesos per dollar
Vesna [10]
Is 3 dollar per peso I hope this help you
7 0
2 years ago
Read 2 more answers
What is 123.768 x 764.892
daser333 [38]

Answer:

94666.093488

Step-by-step explanation:

you could have used a calculator for a faster answer but I guess this is fine too

5 0
2 years ago
Read 2 more answers
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