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AVprozaik [17]
2 years ago
13

Ted earned $4,300 from his summer internship that he plans to invest so that he can buy a used car after three years. Ted choose

s a bank that offers 5.5% compounded quarterly. Can Ted buy a car that costs $4,700 after three years? Round your numbers to the nearest cent.
Mathematics
1 answer:
olganol [36]2 years ago
8 0

Answer: Yes he will be

Step-by-step explanation:

To find out if Ted can afford the car, find the future value of $4,300 in three years.

First convert the number of years and rates to quarterly values as this is the compounding period:

Term = 3 * 4 quarters = 12 quarters

Rate = 5.5% / 4 = 1.375% per quarter

Future value = Amount * ( 1 + rate) ^ term

= 4,300 * ( 1 + 1.375%)¹²

= $5,065.69

<em>Considering that Ted makes $5,065.69 in 3 years, he will be able to buy a car that costs $4,700.</em>

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Answer:

I think d is the answer

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3 years ago
. Given ????(5, −4) and T(−8,12):
damaskus [11]

Answer:

a)y=\dfrac{13x}{16}-\dfrac{129}{16}

b)y = \dfrac{13x}{16}+ \dfrac{37}{2}

Step-by-step explanation:

Given two points: S(5,-4) and T(-8,12)

Since in both questions,a and b, we're asked to find lines that are perpendicular to ST. So, we'll do that first!

Perpendicular to ST:

the equation of any line is given by: y = mx + c where, m is the slope(also known as gradient), and c is the y-intercept.

to find the perpendicular of ST <u>we first need to find the gradient of ST, using the gradient formula.</u>

m = \dfrac{y_2 - y_1}{x_2 - x_1}

the coordinates of S and T can be used here. (it doesn't matter if you choose them in any order: S can be either x_1 and y_1 or x_2 and y_2)

m = \dfrac{12 - (-4)}{(-8) - 5}

m = \dfrac{-16}{13}

to find the perpendicular of this gradient: we'll use:

m_1m_2=-1

both m_1and m_2 denote slopes that are perpendicular to each other. So if m_1 = \dfrac{12 - (-4)}{(-8) - 5}, then we can solve for m_2 for the slop of ther perpendicular!

\left(\dfrac{-16}{13}\right)m_2=-1

m_2=\dfrac{13}{16}:: this is the slope of the perpendicular

a) Line through S and Perpendicular to ST

to find any equation of the line all we need is the slope m and the points (x,y). And plug into the equation: (y - y_1) = m(x-x_1)

side note: you can also use the y = mx + c to find the equation of the line. both of these equations are the same. but I prefer (and also recommend) to use the former equation since the value of 'c' comes out on its own.

(y - y_1) = m(x-x_1)

we have the slope of the perpendicular to ST i.e m=\dfrac{13}{16}

and the line should pass throught S as well, i.e (5,-4). Plugging all these values in the equation we'll get.

(y - (-4)) = \dfrac{13}{16}(x-5)

y +4 = \dfrac{13x}{16}-\dfrac{65}{16}

y = \dfrac{13x}{16}-\dfrac{65}{16}-4

y=\dfrac{13x}{16}-\dfrac{129}{16}

this is the equation of the line that is perpendicular to ST and passes through S

a) Line through T and Perpendicular to ST

we'll do the same thing for T(-8,12)

(y - y_1) = m(x-x_1)

(y -12) = \dfrac{13}{16}(x+8)

y = \dfrac{13x}{16}+ \dfrac{104}{16}+12

y = \dfrac{13x}{16}+ \dfrac{37}{2}

this is the equation of the line that is perpendicular to ST and passes through T

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Let us say that this number is n

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