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Bezzdna [24]
3 years ago
12

Solve the problem. Find the amount of money in an account after 12 years if $4700 is deposited at 5% annual interest compounded

quarterly. $8501.01 $8440.52 $8553.29 $8532.17
Mathematics
1 answer:
Dmitrij [34]3 years ago
3 0

Answer:

The correct answer is $8532.17

Step-by-step explanation:

The formula for calculating investments with compound interests is as follows:

(1+\frac{R}{t})^{tn}*P

Where:

R is the annual interest rate,

t is the number of times the investment is to be compounded in a year,

n is the number of years,

P is the principal amount invested.

Replacing in the formula with the given values you have:

(1+\frac{0.05}{4})^{4*12}*4700 = 8532.1678

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The square-based box with the greatest volume under the condition that the sum of length, width, and heigth does not exceed 174 in is a cube with each edge of 58 in and a volume of 195112 in^{3}

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For this problem we have two constraints, that are as follows:

1) Sum of length, width, and heigth not exceeding 174 in

2) Lenght and width have the same measure (square-based box)

We know that volume is equal to the product of all three edges, and with the two conditions into account we have the next function:

V=(w^{2})(174-2w)\\V=174w^{2}-2w^{3}

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This problem requieres that we maximize the function that defines the volume. We start calculating the derivative of the function, wich is:

V'=348w-6w^{2} \\V'=(348-6w)(w)

We need to remember that the derivative of a function represents the slope of said function at a given point. The maximum value of the function will have a slope equal to zero.

So we find the value in wich the derivative equals zero:

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And, once we solve for the constraints, we have that:

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Volume = 195112 in^{2}

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