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
dezoksy [38]
3 years ago
10

Karl invests $35,000 for 8 years in an account paying 7% compounded daily. Find

Mathematics
1 answer:
ivolga24 [154]3 years ago
7 0

Answer:

principal (p)=$35000

time(t)=8years

rate ( r)=7%

Step-by-step explanation:

  • compounded amount(c.a)=p((1+r/100)^t )=$35000((1+7/100)^8)=$60136.5
  • compound interest gain=$60136.5-$35000=$25136.5
  • Karl gain interest in 1 year=$35000((1+7/100)-1)=$2450
  • gain % in 1 year=$2450/$25136.5×100%=9.74%
You might be interested in
A garden is in the shape of a square with a perimeter of
ElenaW [278]

The perimeter of a square is the sum of its sides and they are all equal, so to obtain the length of each of them we divide the perimeter of the first fence between 4:

 P1= 64 feet/4 sides

 P1= 16 feet

 Then, the length of each side of the second fence will increase 2 feet at each end, as shown in the figure. We have then that the perimeter of the second fence is:

 P2 = 20 feet x 4 sides

 P2 = 80 feet

 The sum of the perimeters of both fences is:

 PT = P1 + P2

 PT = 64 feet + 80 feet

 PT = 144 feet

 Total cost = 1.17 $ x 144 feet

 Total cost = 168.48 $

 The total cost of the fences was $ 168.48

6 0
3 years ago
What is the slope of the line below?
Dominik [7]
Up two over one so the slope is 2
5 0
3 years ago
Read 2 more answers
Please someone help me with question number 2
Maru [420]

Answer:

75

Step-by-step explanation:

Just make the number of regular gasoline sold to be x, while the number of premium gasoline sold to be (550-x).

That's all.

And goodluck.

3 0
3 years ago
Carlo’s Bakery is having a special where he packages 6 muffins together for a low price and he packages 20 cookies together for
DaniilM [7]

Answer:

They sold 60 muffins and 60 cookies yesterday

It is a LCM problem

Step-by-step explanation:

6 muffins together

20 cookies together

To sell the same amount of muffins and cookies,

Find the lowest common multiple of 6 muffins and 20 cookies

6 muffins = 12, 18, 24, 30, 36, 42, 48, 54, 60, 66, 72, 78

20 cookies = 40, 60, 80

The lowest common multiple of 6 muffins and 20 cookies is 60

Therefore,

They sold 60 muffins and 60 cookies yesterday

It is a LCM problem

6 0
3 years ago
The ratio of sues age to her fathers age is 2:7 in three years their ages will total 60, how old is sue and her dad right now
USPshnik [31]
Sue is 12 and her father is 42
7 0
4 years ago
Read 2 more answers
Other questions:
  • Solve each compound inequality<br> -3 &lt; x -1 &lt; 4
    13·2 answers
  • Hailey went to the market and bought 5 pounds of coffee that costs $2 a pound. She also purchased 2/3 pounds of lunch meat that
    9·1 answer
  • A store donated cases of crayons to a day care center. Each case holds 24 boxes of crayons; each box holds 8 crayons. How many c
    7·1 answer
  • Which statement is true?
    8·1 answer
  • Ben got 56 out of 79 in a math test what was his score give it to 1 decimal place i need to no asap
    10·1 answer
  • Emma needs 2 pounds of ground meat to make meat loaf. She has one package with 2.36 pounds of ground meat and another package wi
    13·1 answer
  • What are the roots of the quadratic function in the graph?
    13·1 answer
  • The pie chart shows the results of a survey on
    14·1 answer
  • In the diagram below, DE is parallel to XY. What is the value of y
    13·1 answer
  • What is the volume of the triangular prism below?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!