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2 years ago

14

you have 1000 to invest in an account and you need to have 1500 in one year what interest rate would you need to have in order t

o reach this goal if the amount is compounded quarterly round your answer to the nearest percent. Can someone help me please

1 answer:

Anna007 [38]2 years ago

3 0

Answer: 42.7%

Step-by-step explanation:

A = p (1+r/n)^nt

1500 = 1000 (1 + r/4)^4x1

r = 42.673

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Please check the explanation!

Step-by-step explanation:

Given the polynomial

$\left(x+y\right)^5$

$\mathrm{Apply\:binomial\:theorem}:\quad \left(a+b\right)^n=\sum _{i=0}^n\binom{n}{i}a^{\left(n-i\right)}b^i$

$a=x,\:\:b=y$

$=\sum _{i=0}^5\binom{5}{i}x^{\left(5-i\right)}y^i$

so expanding summation

$=\frac{5!}{0!\left(5-0\right)!}x^5y^0+\frac{5!}{1!\left(5-1\right)!}x^4y^1+\frac{5!}{2!\left(5-2\right)!}x^3y^2+\frac{5!}{3!\left(5-3\right)!}x^2y^3+\frac{5!}{4!\left(5-4\right)!}x^1y^4+\frac{5!}{5!\left(5-5\right)!}x^0y^5$

solving

$\frac{5!}{0!\left(5-0\right)!}x^5y^0$

$=1\cdot \frac{5!}{0!\left(5-0\right)!}x^5$

$=1\cdot \:1\cdot \:x^5$

$=x^5$

also solving

$=\frac{5!}{1!\left(5-1\right)!}x^4y$

$=\frac{5}{1!}x^4y$

$=\frac{5}{1!}x^4y$

$=\frac{5x^4y}{1}$

$=\frac{5x^4y}{1}$

$=5x^4y$

similarly, the result of the remaining terms can be solved such as

$\frac{5!}{2!\left(5-2\right)!}x^3y^2=10x^3y^2$

$\frac{5!}{3!\left(5-3\right)!}x^2y^3=10x^2y^3$

$\frac{5!}{4!\left(5-4\right)!}x^1y^4=5xy^4$

$\frac{5!}{5!\left(5-5\right)!}x^0y^5=y^5$

so substituting all the solved results in the expression

$=\frac{5!}{0!\left(5-0\right)!}x^5y^0+\frac{5!}{1!\left(5-1\right)!}x^4y^1+\frac{5!}{2!\left(5-2\right)!}x^3y^2+\frac{5!}{3!\left(5-3\right)!}x^2y^3+\frac{5!}{4!\left(5-4\right)!}x^1y^4+\frac{5!}{5!\left(5-5\right)!}x^0y^5$

$=x^5+5x^4y+10x^3y^2+10x^2y^3+5xy^4+y^5$

Therefore,

$\left(x\:+y\right)^5=x^5+5x^4y+10x^3y^2+10x^2y^3+5xy^4+y^5$

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