What equation could be written for this table?

Mathematics

2 answers:

Fantom [35]3 years ago

5 0

Hey where is the table though?

mezya [45]3 years ago

3 0

You need a picture of the table :(

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Alexander deposited money into his retirement account that is compounded annually at an interest rate of 7%.

anzhelika [568]

Tow rates are equivalent if tow initial investments over a the same time, produce the same final value using different interest rates.

For the annually rate we have that:
$V_{0} =(1+ i_{a} ) ^{1}$
Where
$V_{0}$ = initial investment.
$i_{a}$ = annually interest rate in decimal form.
And the exponent (1) represents the full year.

For the quarterly interest rate we have that:
$V_{0} =(1+ i_{q} ) ^{4}$
Where
$V_{0}$ = initial investment.
$i_{q}$ = quarterly interest rate in decimal form.
And the exponent (4) the 4 quarters in the full year.

Since the rates are equivalent if tow initial investments over a the same time, produce the same final value, then
$(1+ i_{a} )=(1+ i_{q} ) ^{4}$
Notice that we are not using the initial investment $V_{0}$ since they are the same.

The first thin we are going to to calculate the equivalent quarterly rate of the 7% annually rate is converting 7% to decimal form
7%/100 = 0.07
Now, we can replace the value in our equation to get:
$(1+0.07)=(1+ i_{q} ) ^{4}$
$1.07=(1+ i_{q} ) ^{4}$
$\sqrt[4]{1.07} =1+ i_{q}$
$i_{q} = \sqrt[4]{1.07} -1$
$i_{q} =0.017$
Finally, we multiply the quarterly interest rate in decimal form by 100% to get:
(0.017)(100%) = 1.7%
We can conclude that Alexander is wrong, the equivalent quarterly rate of an annually rate of 7% is 1.7% and not 2%.

6 0

3 years ago

a person who take 40 paces to cover 20m finds that a square field has a side that is 520 paces long .calculate the length of the

Hoochie [10]

Look at picture for explanation