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
nikklg [1K]
3 years ago
15

You invest $600 in an account that has a annual interest rate of 7%, compounded quarterly for four years. What is the equivalent

interest rate, and how many times will the money be compounded? Help pleasee!
Mathematics
1 answer:
alexandr402 [8]3 years ago
6 0

Answer:

  • equivalent rate: 7.186%
  • compounded 16 times

Step-by-step explanation:

The equivalent interest rate is the rate that would have to be applied so it would earn the same amount in 1 year. It is computed from ...

  requiv = (1 +r/n)^n -1

  requiv = (1 +0.07/4)^4 -1 ≈ 7.186%

__

"Compounded quarterly" means interest is compounded 4 times per year. In 4 years, it will be compounded 4·4 = 16 times.

__

The balance in the account after 4 years is ...

  $600·(1 +.07/4)^(4·4) ≈ $791.96

You might be interested in
Guys please help me solve this problem, yes I will mark brainliest
lyudmila [28]

Given that the vertex is at (50, 1000), the max profit is $1000 when 50 items are produced

6 0
3 years ago
There are 575 fireworks to be shot off in a firework display every minute 12 new fireworks are shot off display write a verbal m
lukranit [14]

Complete question :

There are 575 fireworks to be shot off in a firework display every minute 12 new fireworks are shot off display write a verbal model and algebraic expression to represent the number of fireworks left to be shot off after t minutes.

Answer:

575 - 12t

Step-by-step explanation:

Given the following :

Total number of fireworks = 575

Number of shots per minute = 12

To calculate the number of fireworks left to be shot off after t minutes, The total number of fireworks already shot after the same time interval t in minutes, is first obtained, this is equivalent to (12*t). The result is then subtracted from the total number of fireworks to be shof off.

In algebraic terms

[total number of fireworks on display - (number of shots per minute × t)]

575 - 12t

8 0
3 years ago
What is the value of n in the equation below?
11Alexandr11 [23.1K]

Answer:

3?

Step-by-step explanation:

im not 100% sure

5 0
3 years ago
Read 2 more answers
What is the measure of BC?<br> Enter your answer in the box.<br> 65
Dafna11 [192]

answer :   the BC is measure by 4, and also if you wanna add this the AB is measure by 3.

Step-by-step explanation:

7 0
3 years ago
Physicians at a clinic gave what they thought were drugs to 860 patients. Although the doctors later learned that the drugs were
Alexus [3.1K]

Answer:

Z=2.36

P=0.0091

Step-by-step explanation:

The hypothesis is:

π > 0.55 which is the population proportion

The formula to get the test statistic is

Zstat = P-π/√π(1-π)/n

P =507.4/860 = 0.59 (sample proportion )

n =860 (sample size)

π =0.55(population porportion)

Zstat = 0.59-0.55/√0.55(1-0.55)/860

Zstat =2.36

From Z table the probability of Z score of 2.36 is 0.9909

To calculate for P- value will then be

P= 1 - 0.9909

P= 0.0091

4 0
3 years ago
Other questions:
  • PQ and RS are two lines that intersect at point T, as shown below:
    12·2 answers
  • Is the relationship between the variables additive or multiplicative? Explain
    12·1 answer
  • Urgent: The price of a gallon of unleaded gas was $2.81 yesterday. Today, the price rose to $2.86. Find the percentage increase.
    13·1 answer
  • Find cscx if sinx+cotx cosx= sqrt3
    7·1 answer
  • If the mean (average) of five consecutive numbers is 21, the smallest of three five numbers will be...
    6·1 answer
  • Paul ran a 5-kilometer race. how many meter is that?
    8·1 answer
  • Diana is walking at 5 miles per hour and Gustavo is walking at 6 miles per hour and started 1 mile behind Diana. Will Gustavo ev
    7·2 answers
  • How to find the <br> value of 18.04 divided by 0.2
    15·1 answer
  • What is the height of the tree?
    5·1 answer
  • Given A = {a, b, c}, how many subsets does A have including ∅?<br><br> 4<br> 7<br> 8
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!