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
Rainbow [258]
2 years ago
12

Given the equation A=250(1.1)t, you can determine that the interest is compounded annually and the interest rate is 10%. Suppose

the interest rate were to change to being compounded quarterly. Rewrite the equation to find the new interest rate that would keep A and P the same.
What is the approximate new interest rate?

Convert your answer to a percentage, round it to the nearest tenth, and enter it in the space provided, like this: 42.53%
Mathematics
2 answers:
Wewaii [24]2 years ago
5 0

Answer:

=250(1.025)∧4t

Step-by-step explanation:

Using the compound interest formula we can find the expression for the total amount that accumulates in the given time t.

A=P(1+R/n)ⁿᵇ

where A is the amount, P the principal amount, R the rate as a decimal n is the number of times it is compounded and b the time.

When compounded annually, the expression becomes

A=250(1.1)∧t

When compounded quarterly, we introduce the n in our expression.

A=250(1+0.1/4)∧4t

=250(1.025)∧4t

Cloud [144]2 years ago
3 0

Answer:

A=250(1.025)^{4t}

Step-by-step explanation:

A=250(1.1)^{t}

The interest rate is 10% or 0.1

n = 1

The compound interest formula is : A=p(1+\frac{r}{n})^{nt}

n is the number of times amount is compounded.

Lets say the interest rate were to change to being compounded quarterly.

So, here A, p will remain same, r will be divided by 4 and n will change to 4.

So, new equation will be :

A=250(1+\frac{0.1}{4})^{4t}

=> A=250(1.025)^{4t}

The approximate new interest rate will be = 10/4/100=0.025 and in percentage it is 2.50%.

You might be interested in
What is the correct decimal expansion for 2 1/11 ​?<br> A. 2.09<br> B. 2.57<br> C. 2.09<br> D. 2.11
hjlf

Your choices A and C are the same

but the decimal of 1/11 is 0.090909

so your answer would be 2.09

3 0
2 years ago
Find 50% of £740<br> I need help
max2010maxim [7]

Step-by-step explanation:

please mark me as brainlest

6 0
3 years ago
Read 2 more answers
Can someone please help me fill this out I generally need help
Aneli [31]

Answer:

confusement

Step-by-step explanation:

3 0
2 years ago
Hours (x) 0 1 2 3 4 5
MatroZZZ [7]
The answer is D) 3,404

By putting the table values into the progam DESMOS, and then putting in the formula, the answer will be given- and that answer is 3,404. 


5 0
3 years ago
Read 2 more answers
What are the names of four coplanar points?
Harman [31]

Answer:

Image result for 1 What are the names of four coplanar points?

1. What are the names of four coplanar points? A. B. C. D. Points P, M, F, and C are coplanar Points F, D, P, and N are coplanar.

Step-by-step explanation:

7 0
2 years ago
Other questions:
  • A cylinder _shaped water tank has a diameter of 10 m and a height of 10 m. What volume of water does the rank contain when it is
    14·1 answer
  • HELP PLEASE! Thank youuuuu
    6·1 answer
  • How do you write 81,271 in words
    6·1 answer
  • A frequency distribution lists the ▼ type number proportion of occurrences of each category of​ data, while a relative frequency
    9·1 answer
  • Write an equation to find the area of each figure. Then determine the area.
    15·1 answer
  • The function y= -0.2 + 0.5 represents the percent y (in decimal form) of battery power remaining x hours after you turn on a lap
    11·2 answers
  • Each bucket holds 423 gallons of water. If it takes 8 buckets to fill a tank, how much water does the tank hold?
    10·1 answer
  • There are 15 boys and 45 girls competing in a race. What is the ratio of girls to boys in the race , lowest terms ?
    13·1 answer
  • !!!HELP ME WITH THIS QUESTION PLEASE!!!
    12·1 answer
  • Please help !! Confused
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!