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8090 [49]
3 years ago
5

Jason’s savings account has a balance of $2179. After 5 years , what will the amount of interest be at 6% compounded quarterly?

Mathematics
1 answer:
satela [25.4K]3 years ago
5 0

Answer:

$755.80

Step-by-step explanation:

Determine the compound amount first and then subtract the principal from it, to find the amount of interest.

The compound amount formula is A = P (1 + r/n)^(nt), where

P is the initial principal, r is the interest rate as a decimal fraction, n is the number of compounding periods per year, and t is the number of years.  Here, P = $2179; t = 5 yrs; r = 0.06; and n = 4 (quarterly compounding).

We get:

A = $2179(1 + 0.06/4)^(4*5), or $2179(1.015)^20, or $2179(1.347) = $2937.80.

The compound amount is $2934.80.  Subtracting the $2179 principal results in the interest earned:  $755.80.

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The total number of burgers sold from a restaurant from Monday to Sunday can be modeled by the function f(d)=200d^3 + 542d^2 + 1
DerKrebs [107]

Answer:

Average = 96

Step-by-step explanation:

Average = sum of terms/ number of terms

sum of terms = number of burgers sold

number of terms = number of visitors

d =  number of days since Monday which is 7

burgers sold = 200d^3 + 542d^2 + 179d + 1605 substituting d with 7

burgers sold = 200(7)³ +542(7)² + 179(7) +1605

burgers sold =68600 + 26558 + 1253 + 1605

burgers sold =98016

number of visitors= 100d + 321

number of visitors= 100(7) + 321

number of visitors= 700+321

number of visitors= 1021

Average = 98016/1021

Average = 96

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3 years ago
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otez555 [7]
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7 0
2 years ago
Read 2 more answers
nancy started the year with $425 in the bank and is saving $25 a week. Seamus started the year with $875 and is spending $15 a w
Goryan [66]

They will have same amount in 45 weeks.

Step-by-step explanation:

Given,

Starting amount of Nancy = $425

Per week saving = $25

Let,

x represent the number of weeks.

N(x) = 25x+425

Starting amount of Seamus = $875

Per week saving = $15

S(x) = 15x+875

For same amount;

N(x) = S(x)

25x+425=15x=875\\25x-15x=875-425\\10x=450

Dividing both sides by 10

\frac{10x}{10}=\frac{450}{10}\\x=45

They will have same amount in 45 weeks.

Keywords: function, division

Learn more about functions at:

  • brainly.com/question/9738996
  • brainly.com/question/9729310

#LearnwithBrainly

3 0
3 years ago
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jeyben [28]

Answer:

50ft

Step-by-step explanation:

Hi,

Considering that one side is equal to 38 degrees, we know this isn't a 30 - 60 - 90 triangle.

One of the legs is equal to 40 feet

So, tan(b) = 40/x

tan(38 degrees) is 0.78 round up to 0.8 (if that's what your teacher wants)

0.8 = 40/x

0.8x = 40

x = 50ft

I hope this helps

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3 years ago
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