<h3>Here is your Answer </h3>
<h3>Hope This Helps You</h3>
Annuities
Suppose a fixed investment R is done every fixed number of periods m per year for t years at a constant rate r.
a.
The final value of the investments plus the interest is calculated as follows:
Where:
n = number of total periods of the investment.
n = m*t
The company invests R = $13,000 for t = 10 years at the end of every quarter (3 months), thus m = 4. The interest rate is r = 9% = 0.09.
The interest rate compounds quarterly.
Calculate:
n = 4*10 = 40
i = 0.09 / 4 = 0.0225
Calculating:
FV = $829,220
The company will have $829,220 in scholarship funds
b. The interest can be found by subtracting the final value and the initial value. We have to calculate the latter:
Thus, the interest is:
welcI = $829,220 - $340,516
I = $488,704
The interest is $488,704
Answer: y = 54(1.06)^t
Step-by-step explanation:
It is estimated that the population of bacteria will increase by 6% each hour. This is an exponential growth. The formula for determining exponential growth is expressed as
y = b(1 + r)^ t
Where
y represents the population after t years.
t represents the number of years.
b represents the initial population.
r represents rate of growth.
From the information given,
b = 54
r = 6% = 6/100 = 0.06
Therefore, the formula for the population of bacteria is
y = 54(1 + 0.06)^t
y = 54(1.06)^t
Answer:
3 nickels and 5 quarters
Step-by-step explanation:
Let n = number of nickels
q = number of quarters
q = n+2
.25q + .05n = 1.40
Using the first equation and replacing q in the second equation
.25( n+2) + .05n = 1.40
Distribute
.25n+.50 +.05n = 1.40
Combine like terms
.30n +.5 = 1.40
Subtract .5 from each side
.3n +.5-.5 = 1.40-.4
.3n = .9
Divide by .3
.3n/.3 = .9/.3
n = 3
q = n+2
q=5
Answer:
Step-by-step explanation:
lets have one side =a
P=3a+a+(17+a)=52
P=5a+17=52
5a=52-17
5a=35
a=7
second side=21
third side=24
