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GrogVix [38]
4 years ago
13

Miguel deposits 4320 dollars in an account, and 4 years later the account balance is 8140 dollars. If interest is compounded mon

thly, what is the rate of interest per month?
Mathematics
1 answer:
Misha Larkins [42]4 years ago
5 0

Answer:

  about 1.33% per month

Step-by-step explanation:

The future value is given by ...

  FV = P(1 +r)^n

where P is the principal, r is the monthly interest rate, and n is the number of months. Solving for r, we get ...

  FV/P = (1 +r)^n . . . . . . . divide by P

  (FV/P)^(1/n) = 1 +r . . . . . take the n-th root

  r = (FV/P)^(1/n) -1 . . . . . subtract 1

Filling in the given numbers, we have ...

  r = (8140/4320)^(1/48) -1 ≈ 0.013286 ≈ 1.33%

The rate of interest per month is about 1.33%.

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Tue 05/28<br> 11. Find the common ratio of the sequence.<br> 2, -10,50.-250,<br> 0-5<br> .
Montano1993 [528]

Answer:

-5

Step-by-step explanation:

Geometric sequences have common ratios.

You can see if a sequence is geometric by computing:

\frac{\text{term}}{\text{previous term}}.

If you get the same result per consecutive pair, then there is a common ratio and the sequence is geometric.

Let's see:

\frac{-250}{50}=\frac{50}{-10}=\frac{-10}{2}

So if this equations holds (if all 3 fractions equal the same thing), then is geometric and we have also have computed the common ratio.

The first fraction results in -250/50=-5.

The second fraction results in 50/-10=-5.

The third fraction results in -10/2=-5.

All three fractions are equal and so the equation holds so it is geometric and the common ratio is -5.

5 0
3 years ago
What is the value of the 3 in the number 61.83
melamori03 [73]

Answer:

three occupies the hundredths place (it is 3/100 of a whole number)

8 0
3 years ago
A walkway is being installed around a rectangular playground. The playground is 30 feet by 12 feet, and the total area of the pl
worty [1.4K]

Answer:

10.3

Step-by-step explanation:

From these question, we can illustrate the playground has a small rectangle with 30x12ft

the walkway is around it with an area of 1288ft²

the playground area = 30 x 12 = 360ft²

the length dimension of the walkway is 30+y+y( these is because the walkway is round the playground in two sides) = 30 +2y

the breadth dimension of the walkway is 12+y+y ( these is because the walkway is round the playground in two sides) = 12+2y

Area of walkway = (30+2y)(12+2y)= 30(12+2y)+2y(12+2y) = 360+60y+24y+4y²= 360+84y+4y²

The total area = 1288ft²

The total area = area of walkway - area of playground

1288ft² = 360+84y+4y² - 360

choose like terms

1288 = 360-360+84y+4y²

1288 = 84y+4y²

divide by 4

322= 21y+y²

y²+21y-322 =0

using quadratic formula

x= (-b±√b²-4ac)/2a = {-21±√21²-4(1)(-322)}/2x1 =  {-21±√441+1288}/2x1  = -21±√1729/2

-21+√1729/2   -21-√1729/2

√1729 = 41.5812457726

-21+√1729/2   -21-√1729/2

{-21+41.5812457726}/2   {-21-41.5812457726}/2

20.5812457726/2          -62.5812457726/2

10.2906228863              -31.2906228863

we disregard the negative sign

our width is 10.2906228863 ≅10.3

4 0
3 years ago
Read 2 more answers
Negative six multiplied by negative ten is subtracted from eight multiplied by five. Find the number
My name is Ann [436]

Answer:

The answer is -20.

Step-by-step explanation:

(8 × 5) - (-6 × -10)

= 40 - 60

= -20

7 0
3 years ago
Read 2 more answers
G E O M E T R Y (will reward brainliest! please help)
Dennis_Churaev [7]
Is this a question or a sign up?
7 0
4 years ago
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