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
Ugo [173]
3 years ago
10

Katherine invested $86,000 in an account paying an interest rate of 52%

Mathematics
1 answer:
earnstyle [38]3 years ago
5 0

Answer: $4,331‬

Step-by-step explanation:

I will assume that the question meant 5.2% not 52% as this is quite excessive.

Katherine after 13 years.

Convert the variables;

n = 13 years = 13 * 365 = ‭4,745‬ days

r = 5.2% = 5.2/365 = 5.2/365%

Future value = P * ( 1 + r)^n

= 86,000 * (1 + 5.2/365%)⁴⁷⁴⁵

= $169,068

Michael after 13 years;

If compounded continuously, the formula is;

Future value = Pe^rt

= 86,000 * e⁰.⁰⁵ ˣ ¹³

= $164,737

Difference = 169,068 - 164,737

= $4,331‬

You might be interested in
PLEASE HELP W THIS MATH QUESTION. correct answers only please​
bezimeni [28]

The values of x are x₁ ≈ 4.8 and x₂ ≈ - 0.8.

<h3>What is the quadratic equation behind two circular sections of equal area?</h3>

Herein we have two <em>circular</em> sections of equal area, whose expressions are described by the following geometric equations:

Semicircle

A = 0.5π · x²     (1)

Half Semicircle

A = 0.25π · (x + 2)²      (2)

By equalizing (1) and (2):

0.5π · x² = 0.25π · (x + 2)²  

2 · x² = (x + 2)²  

2 · x² = x² + 4 · x + 4

x² - 4 · x - 4 = 0

x² - 4 · x + 4 = 8

(x - 2)² = 8

x - 2 = ±√8

x = 2 ± √8

x = 2 ± 2√2

x = 2 · (1 ± √2)

x = 2 · (1 ± 1.41)

x₁ = 2 · 2.41   ∨   x₂ = 2 · (- 0.41)

x₁ = 4.82   ∨   x₂ = - 0.82

The values of x are x₁ ≈ 4.8 and x₂ ≈ - 0.8.

To learn more on quadratic equations: brainly.com/question/17177510

#SPJ1

7 0
2 years ago
The graph shows the cube root parent function.
mariarad [96]

Answer: D) function is positive when x>0.

Step-by-step explanation:

apeeexx

4 0
3 years ago
Read 2 more answers
30 POINTS. please do not guess, i will make sure you get reported for it,
Greeley [361]

Answer:

34

Step-by-step explanation:

23+15;

175-100

=75

":)

don't report this is the correct answer

5 0
3 years ago
Estimate the median number of texts sent per day by this group of middle school students.
soldier1979 [14.2K]

Answer:

33 i think

Step-by-step explanation:

8 0
4 years ago
Read 2 more answers
Select the correct answer.
yan [13]

Answer:

the money spent by a buyer to purchase a product

6 0
3 years ago
Read 2 more answers
Other questions:
  • Help me please, anyone, please
    13·1 answer
  • The area of a rectangular picture frame is 30 1/3 square inches. The length of the frame is 6 1/2 inches. What is the width of t
    15·1 answer
  • By definition an expression does not contain_____________
    9·2 answers
  • I really need help with this. English isn't my first language, and I've asked 3 different people and no one is able to explain t
    12·1 answer
  • How much is 10 mm converted to inches
    10·1 answer
  • Baseball field.....................
    8·1 answer
  • What is the rule for the sequence? 2.8,2.2,1.6,1
    7·1 answer
  • How many right angles are there in an angle that turns through 360º?
    9·2 answers
  • X + 15y - 8c + 6<br> What are the coefficients?
    11·2 answers
  • Can someone help me only answer if you know it no scam links or your getting reported.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!