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Scilla [17]
3 years ago
8

what interest rate is needed to turn $2500 into $15,000 in 14 years if interest is compounded weekly?

Mathematics
1 answer:
Anastasy [175]3 years ago
7 0

Answer:

0.6845% per week.

Step-by-step explanation:

Simple Interest Calculation A = P(1 + rt)

Solving our equation:

r = (1/730.5)((15000/2500) - 1) = 0.00684463

r = 0.00684463

Converting r decimal to R a percentage

R = 0.00684463 * 100 = 0.6845%/week

Calculating the annual rate

0.6845%/week × 52 weeks/year = 35.594%/year.

The interest rate required to get a total amount, principal plus interest, of $15,000.00 from simple interest on a principal of $2,500.00 over 14.05 years (730.5 weeks) is 0.6845% per week.

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RUDIKE [14]

Answer:

JUST WRITE THIS AS YOUR ANSWER

Step-by-step explanation:

Step 1: Put together the general equation.

Step 2: Solve for the constant of proportionality.

Step 3: Plugging the constant into the equation, solve for the unknown variable.

Let's solve a few problems to see how this works, shall we?

Example 1: Y is directly proportional to x. When x = 5, y = 8. What does y equal when x = 9?

First, we set up our general equation. Because y is directly proportional to x, we have:

y = cx

where c is the constant of proportionality. In other words, when x goes up, y goes up, and when x goes down, y goes down.

The next thing we do is plug our values for x and y into the equation so we can solve for c:

8 = (c)(5)

Solving for c, we get c = 8/5 = 1.6 and we plug this into our equation:

y = 1.6x

Now, we can plug x = 9 into the equation to find out what y equals:

y = (1.6)(9)

y = 14.4

So, our answer is 14.4

Example 2: Y is directly proportional to the square of x. When x = 2, y = 32. What does y equal when x = 5?

This time, our general equation is slightly more complicated because x is squared:

y = cx2

Like before, we solve for our constant:

32 = (c)(22)

32 = (c)(4)

We get c = 8:

y = 8x2

Solving for y when x = 5, we get y = (8)(52) = (8)(25) = 200

Example 3: Y is inversely proportional to x. When x = 2, y = 8. What does y equal when x = 24?

This time, because y is inversely proportional to x, our general equation is different:

xy = c

so when x goes up, y goes down, and vise versa. But, other than that, we solve these kinds of problems the same way as direct proportion problems. Solving for the constant, we get:

(2)(8) = c

So c = 16 and our equation is now:

xy = 16

Solving for y when x = 24 we get y = 16/24 = 2/3

Example 4: Y is inversely proportional to the square root of x. When x = 36, y = 2. What does y equal when x = 64?

As before, we set up our equation:

eq001

Since the square root of 36 is 6, it is easy to solve for c:

(6)(2) = c

We get c = 12 and our equation is now:

eq002

Solving for y when x = 64 we get 8y = 12 or y = 12/8 = 1.5 because the square root of 64 is 8.

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2 years ago
SOMEONE PLEASE HELP ASAP!
rjkz [21]

Answer:

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Step-by-step explanation:

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Parallelogram ABCD is rotated to create image A'B'C'D'. On a coordinate plane, 2 parallelograms are shown. The first parallelogr
Gala2k [10]

Answer:

(x,y)→(y,-x)

Step-by-step explanation:

Parallelogram ABCD:

A(2,5)

B(5,4)

C(5,2)

D(2,3)

Parallelogram A'B'C'D':

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Rule:

A(2,5)→A'(5,-2)

B(5,4)→B'(4,-5)

C(5,2)→C'(2,-5)

D(2,3)→D'(3,-2)

so the rule is

(x,y)→(y,-x)

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