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3 years ago

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Blanche bought a 5-year cd for $7100 with an apr of 2.8%, compounded quarterly, but she wants to take all her money out 9 months

early. The early redemption fee for the cd is 3 months' interest on the original principal. What is the periodic interest rate of the cd

1 answer:

lesantik [10]3 years ago

8 0

Answer:

The money she will end up earning in interest on the cd = $11,352.90

Step-by-step explanation:

The formula for getting the accumulated amount(compounded) is;

$A =P(1+\frac{r}{n})^n*t$

Where

A = Accumulated amount

P = principle (deposit)

r = interest rate and

n = no of times interest applied per time period.

The interest is compounded quarterly so in one year it will be 4 times

In 5 years

n = (5×4)-3 = 17 (as she will withdraw 3 month before the completion of five years)

A = $7100(1+\frac{2.8}{100} )$ ^17

= 7100( 1 + 0.028)^17

= 7100(1.028)^17

= 7100 * 1.599

= 11,352.90

Therefore the money she will end up earning in interest on the cd = $11,352.90

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Answer: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{3arcsin(a) + 2a(1 - a^2)^\Big{\frac{3}{2}} + 3a\sqrt{1 - a^2}}{8} - \frac{3arcsin(b) + 2b(1 - b^2)^\Big{\frac{3}{2}} + 3b\sqrt{1 - b^2}}{8}$ General Formulas and Concepts:

<u>Pre-Calculus</u>

Trigonometric Identities

<u>Calculus</u>

Differentiation

Derivatives
Derivative Notation

Integration

Integrals
Definite/Indefinite Integrals
Integration Constant C

Integration Rule [Reverse Power Rule]: $\displaystyle \int {x^n} \, dx = \frac{x^{n + 1}}{n + 1} + C$

Integration Rule [Fundamental Theorem of Calculus 1]: $\displaystyle \int\limits^b_a {f(x)} \, dx = F(b) - F(a)$

U-Substitution

Trigonometric Substitution

Reduction Formula: $\displaystyle \int {cos^n(x)} \, dx = \frac{n - 1}{n}\int {cos^{n - 2}(x)} \, dx + \frac{cos^{n - 1}(x)sin(x)}{n}$

Step-by-step explanation:

<u>Step 1: Define</u>

<em>Identify</em>

$\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx$

<u>Step 2: Integrate Pt. 1</u>

<em>Identify variables for u-substitution (trigonometric substitution).</em>

Set <em>u</em>: $\displaystyle x = sin(u)$
[<em>u</em>] Differentiate [Trigonometric Differentiation]: $\displaystyle dx = cos(u) \ du$
Rewrite <em>u</em>: $\displaystyle u = arcsin(x)$

<u>Step 3: Integrate Pt. 2</u>

[Integral] Trigonometric Substitution: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \int\limits^a_b {cos(u)[1 - sin^2(u)]^\Big{\frac{3}{2}} \, du$
[Integrand] Rewrite: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \int\limits^a_b {cos(u)[cos^2(u)]^\Big{\frac{3}{2}} \, du$
[Integrand] Simplify: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \int\limits^a_b {cos^4(u)} \, du$
[Integral] Reduction Formula: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{4 - 1}{4}\int \limits^a_b {cos^{4 - 2}(x)} \, dx + \frac{cos^{4 - 1}(u)sin(u)}{4} \bigg| \limits^a_b$
[Integral] Simplify: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{cos^3(u)sin(u)}{4} \bigg| \limits^a_b + \frac{3}{4}\int\limits^a_b {cos^2(u)} \, du$
[Integral] Reduction Formula: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{cos^3(u)sin(u)}{4} \bigg|\limits^a_b + \frac{3}{4} \bigg[ \frac{2 - 1}{2}\int\limits^a_b {cos^{2 - 2}(u)} \, du + \frac{cos^{2 - 1}(u)sin(u)}{2} \bigg| \limits^a_b \bigg]$
[Integral] Simplify: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{cos^3(u)sin(u)}{4} \bigg| \limits^a_b + \frac{3}{4} \bigg[ \frac{1}{2}\int\limits^a_b {} \, du + \frac{cos(u)sin(u)}{2} \bigg| \limits^a_b \bigg]$
[Integral] Reverse Power Rule: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{cos^3(u)sin(u)}{4} \bigg| \limits^a_b + \frac{3}{4} \bigg[ \frac{1}{2}(u) \bigg| \limits^a_b + \frac{cos(u)sin(u)}{2} \bigg| \limits^a_b \bigg]$
Simplify: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{cos^3(u)sin(u)}{4} \bigg| \limits^a_b + \frac{3cos(u)sin(u)}{8} \bigg| \limits^a_b + \frac{3}{8}(u) \bigg| \limits^a_b$
Back-Substitute: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{cos^3(arcsin(x))sin(arcsin(x))}{4} \bigg| \limits^a_b + \frac{3cos(arcsin(x))sin(arcsin(x))}{8} \bigg| \limits^a_b + \frac{3}{8}(arcsin(x)) \bigg| \limits^a_b$
Simplify: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{3arcsin(x)}{8} \bigg| \limits^a_b + \frac{x(1 - x^2)^\Big{\frac{3}{2}}}{4} \bigg| \limits^a_b + \frac{3x\sqrt{1 - x^2}}{8} \bigg| \limits^a_b$
Rewrite: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{3arcsin(x) + 2x(1 - x^2)^\Big{\frac{3}{2}} + 3x\sqrt{1 - x^2}}{8} \bigg| \limits^a_b$
Evaluate [Integration Rule - Fundamental Theorem of Calculus 1]: $\displaystyle \int\limits^a_b {(1 - x^2)^\Big{\frac{3}{2}}} \, dx = \frac{3arcsin(a) + 2a(1 - a^2)^\Big{\frac{3}{2}} + 3a\sqrt{1 - a^2}}{8} - \frac{3arcsin(b) + 2b(1 - b^2)^\Big{\frac{3}{2}} + 3b\sqrt{1 - b^2}}{8}$

Topic: AP Calculus AB/BC (Calculus I/I + II)

Unit: Integration

Book: College Calculus 10e

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3 years ago

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