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stiks02 [169]
3 years ago
11

Marcus receives an inheritance of 6,000 he decides to invest the money in a 14-year certificate of deposit that pays 6.5% intere

st compounded monthly. How much money will Marcus receive when he redeems the CD at the end of the 14 years?
Mathematics
1 answer:
anastassius [24]3 years ago
7 0

Marcus will receive $14869.38  at the end of the 14 years

Step-by-step explanation:

The rule of the future value of the compound interest is:

FV=P(1+\frac{r}{n})^{nt}, where

1. P is the invested money

2. r is the rate of interest in decimal

3. n is the period of compound interest

4. t is the time

Marcus receives an inheritance of 6,000 he decides to invest the

money in a 14-year certificate of deposit that pays 6.5% interest

compounded monthly

We need to find how much money Marcus will receive at the end of

the 14 years

∵ P = $6000

∵ r = 6.5% = 6.5/100 = 0.065

∵ n = 12 ⇒ compounded monthly

∵ t = 14

Substitute these values in the rule above

∴ FV=6000(1+\frac{0.065}{12})^{(12)(14)}

∴ FV = $14869.38

Marcus will receive $14869.38  at the end of the 14 years

Learn more;

You can learn more about compound interest in brainly.com/question/4361464

#LearnwithBrainly

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Quadratic Equation
Natasha_Volkova [10]

Step-by-step explanation:

The sum of ages of two friends is 13 years.

The product of their ages is 42.

<em>Let the age of 1st friend and 2nd friend is x, y respectively.</em>

<em>1 st condition= The sum of ages of two friends is 13 y</em><em>r</em><em>s. </em>

i.e x+y = 13........ (I)

<em>2nd condition= The product of their ages is 42.</em>

i.e X*y = 42........(ii)

From equation (I)

X+y = 13

or, X = 13-y........ (iii)

<em>Putting the equation (iii) in equation (ii).</em>

X*y= 42

(13-y) * y = 42

13y - y^2 = 42

{y}^{2}  - 13y + 42 = 0

{y}^{2}   - (7 + 6)y + 42= 0

{y}^{2}  - 7y - 6y + 42 = 0

y(y - 7) - 6(y - 7) = 0

(y - 6) (y - 7) = 0

Either; y-6 = 0

y = 6

Or;

y-7=0

y = 7

<em>Keeping the value of y as "7" in equation (ii)</em>

x*y = 42

7x = 42

X = 42/7

Therefore, the value of X is 6.

Therefore, either 1st friend is 6 years and 2nd is 7 years.

<em><u>H</u></em><em><u>o</u></em><em><u>p</u></em><em><u>e</u></em><em><u> </u></em><em><u>it </u></em><em><u>helps</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em>

7 0
3 years ago
Which are true or false
Savatey [412]

we are given

y=19.75x

Here,

y is the number of gallons of water in the pool

x is the number of minutes the truck has been filing the pool

now, we will verify each options

option-A:

When x=1

then y=19.75

so, for 1 minute , number gallons =19.75

so, this is FALSE

option-B:

Since, we have

y=19.75x

It is similar to equation of line

y=mx+b

But b=0

It means that it passes through origin

so, this is TRUE

option-C:

y=19.75x

we can compare it with

y=mx

where m is the rate

so, we get

m=19.75

while we are given

the water in swimming pool increase about 100 gallons by every 5 minutes

so, we get rate as

m=\frac{100}{5} =20 gallons per minute

this is close to 19.75

so, they are approximately equal

so, this is TRUE

option-d:

x-value and y-value will show relationship

and ratio will always be constant or equivalent

because it has linear relationship

so, this is TRUE

option-e:

We need to check

(8,150) ..so, x=8 and y=150

we can plug this in our equation

and we get

150=19.75\times 8

150=158

Since, left side is not equal to right side

so, this can not be point

so, this is FALSE


5 0
3 years ago
you are using division to determine how much whole wheat flour to use in a bread recipe.is an estimated answer good enough? plea
Pavel [41]
Yes, it is. if you end up getting 4.85239854285696357835482938339158989............................... you wouldn't want to measure out exactly that much.
5 0
3 years ago
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kompoz [17]
\text{ if } \Delta=0\text{ then there is one x-intercept : }x=-\dfrac{b}{2a}\\\\&#10;\text{ if } \Delta\ \textless \ 0\text{ then there are no x-intercept : } x=\varnothing\\\\&#10;\text{ if } \Delta>0\text{ then there are two x-intercept : }x_1,x_2=\dfrac{-b\pm\sqrt{\Delta}}{2a}\\\\

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5 0
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43,785 to the nearest ten thousand
castortr0y [4]

Answer:

40,000

Hope it helps .

4 0
3 years ago
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