Please help me ASAP!

Carlos deposited $7,924 into a savings account 30 years ago. The account has an interest rate of 4.6% and the balance is current

exis [7]

Answer:

n = 1, this means the interest compounds ANNUALLY.

Step-by-step explanation:

Carlos deposited $7,924 into a savings account 30 years ago. The account has an interest rate of 4.6% and the balance is currently $30,541.83. How often does the interest compound?

Compound Interest Formula

: A = P(1 + r/n)^nt

A = Amount after time t

P = Principal (Initial Amount Invested)

r = Interest rate

n = Number of times the interest is compounded

t = time in years

A = $30,541.83

r = 4.6% = 0.046

t = 30

P = $7,924

Hence,

$30,541.83 = $7924(1 + 0.046/n)^30n

Divide both sides by 7924

$30,541.93/$7924 = (1 + 0.046/n)^30n

$30,541.93/$7924 = (n + 0.046/n)^30n

3.8543576477 = (n + 0.046/n)^30n

We take the logarithm of both sides

log 3.8543576477 = log (n + 0.046/n)^30n

Solving for n,

n = 1

Therefore, from the calculation above, since n = 1, this means the interest compounds ANNUALLY.

6 0

2 years ago

Someone plz help on # 15 (idk what to do) :/

aleksklad [387]

Answer:

2x-5= -20

move -5 to the other side

sign changes from -5 to 5

2x-5+5= -20+5

2x= -15

divide by 2 for both sides

2x/2= -15/2

cross out 2 and 2, divide by 2 and 2 and then becomes x

x= -15/2

4 0

3 years ago

Karana's mom bought her two items using a credit card. The first item cost $258, and the second item cost $372. Later, she retur

Lelu [443]

Answer:

View explanation.

Step-by-step explanation:

The question isn't clear on whether or not you are asking if the mom or if the store is owing money to the credit card company. The store owes the full amount paid. The mom owes nothing. You can look at the images for a more detailed explanation, but it is not really needed.

Images from https://www.creditcardinsider.com/blog/happens-credit-card-bill-make-return/

7 0

2 years ago

What are the zeros of the function y=2x^2-3x-20

4vir4ik [10]

-2.5 and 4

You can get this by factoring to the equation (2x + 5)(x - 4)

4 0

3 years ago

Oliver has a bag that contains pineapple chews, lemon chews, and peach chews. He performs an experiment. Oliver randomly removes

Shtirlitz [24]

The probability that the next chew Oliver removes from the bag will be peach chew as a percent to the nearest whole number will be 13%.

<h3>What is probability?</h3>

Its basic premise is that something will almost certainly happen. The percentage of favorable events to the total number of occurrences.

Oliver has a bag that contains pineapple chews, lemon chews, and peach chews.

He performs an experiment.

Oliver randomly removes a chew from the bag, records the result, and returns the chew to the bag.

Oliver performs the experiment 23 times.

The results are shown below:

A pineapple chew was selected 17 times.

A lemon chew was selected 4 times.

A peach chew was selected 2 times.

Then the probability that the next chew Oliver removes from the bag will be peach chew as a percent to the nearest whole number will be

Total event = 24 times

Favorable event = 3 times

Then we have

P = 3 / 24 x 100

P = 0.125 x 100

P = 12.5%

P ≅ 13%

More about the probability link is given below.

brainly.com/question/795909

#SPJ1

8 0

1 year ago