1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Find p and q for which the linear eqn has infinite solutions
jekas [21]

Answer:

p= 2.5

q= 7

Step-by-step explanation:

The lines should overlap to have infinite solutions, slopes should be same and y-intercepts should be same.

Equations in slope- intercept form:

6x-(2p-3)y-2q-3=0 ⇒ (2p-3)y= 6x -2q-3 ⇒ y= 6/(2p-3)x -(2q+3)/(2p-3)

12x-( 2p-1)y-5q+1=0 ⇒ (2p-1)y= 12x - 5q+1 ⇒  y=12/(2p-1)x - (5q-1)/(2p-1)

Slopes equal:

6/(2p-3)= 12/(2p-1)

6(2p-1)= 12(2p-3)

12p- 6= 24p - 36

12p= 30

p= 30/12

p= 2.5

y-intercepts equal:

(2q+3)/(2p-3)= (5q-1)/(2p-1)

(2q+3)/(2*2.5-3)= (5q-1)/(2*2.5-1)

(2q+3)/2= (5q-1)/4

4(2q+3)= 2(5q-1)

8q+12= 10q- 2

2q= 14

q= 7

7 0
3 years ago
Kona’s mother wanted to find out how many minutes her family spends on the phone for each call made. She put her data in a table
ArbitrLikvidat [17]

Answer:

D—

The histogram will have a horizontal or an x axis of time/minute intervals of the calls (5 minutes in each), and the vertical axis or y axis will be the number of calls made.

5 0
3 years ago
Read 2 more answers
The Statue of Liberty is approximately 300 ft. tall, and the right arm is approximately 42 ft. long. On a scale model that is 2
Archy [21]

Answer:

Weight of copper: 62,000 lbs. (31 tons). Weight of framework: 250,000 lbs. (125 tons). Weight of concrete foundation: 54,000,000 lbs. Thickness of copper sheeting: 3/32 of an inch, the thickness of two pennies placed together.  the answer in 125

Step-by-step explanation:

4 0
2 years ago
Please view the two images below and help me asap!!!!!!!!! for a brainlist ;))
love history [14]

Answer:

rate of exchange is -2/-2

3 0
3 years ago
Last one for real this time!<br> Find the perimeter and area the figure.
Natali5045456 [20]

Answer:

Perimeter = 180

Area = 1080

Step-by-step explanation:

Perimeter is length of all sides added together. 30+78+72 = 180

Area is the length times the height/2 for a triangle. 30*72/2 = 1080

I hope this helped <3

5 0
3 years ago
Other questions:
  • What is the answer to 43 times five divided by seven
    13·1 answer
  • Using the Property of Equality, fill the blanks with the correct value to show the solution for y
    10·2 answers
  • Jerome uses the formula, P = 2DB, to find approximate six month premium when his driver risk factor, d, is 1.02 and the basic si
    15·1 answer
  • A culture started with 2,000 bacteria. After 2
    14·1 answer
  • Find the volume (V) of the rectangular prism with a length (l) of 6 inches a width (w) of 3 inches and a height (h) of 4 inches.
    12·1 answer
  • Hey can someone help me real quick with this question
    9·1 answer
  • A half game in football is 45 min. At one point, a half was extended so that it was 48 minutes 30 seconds long. By what percenta
    6·1 answer
  • 4. Simplify: (3x2 + 3x + 1) + (x2 + x + 5)
    10·2 answers
  • Quadrilateral RUST has a vertex at R(2,3). What are the coordinates of R' after dilation by a scale factor of 3, centered at the
    14·1 answer
  • What are the real solutions to the equation 5x² + 29x + 20 = 0?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!