Broderick needs to solve the formula below for r. Which correctly describes the first step he should take?

3. You want to have $4000 in your savings account after 2 years. Find the amount you should deposit for each of the situations d

pychu [463]

Answer:

Part A)

About $3767.34.

Part B)

About $3692.47.

Step-by-step explanation:

Part A)

Recall that compound interest is given by the formula:
$\displaystyle A = P\left(1+\frac{r}{n}\right)^{nt}$

Where A is the final amount, P is the initial amount, r is the interest rate, n is the number of times compounded per year, and t is the number of years.

To obtain $4000 after two years, let A = 4000 and t = 2.

Because the account pays 3% interest compounded monthly, r = 0.03 and n = 12.

Substitute and solve for P:

$\displaystyle \begin{aligned} (4000) & = P\left(1+\frac{(0.03)}{(12)}\right)^{(12)(2)} \\ \\ P & = \frac{4000}{\left(1+\dfrac{(0.03)}{(12)}\right)^{(12)(2)}} \\ \\ & \approx \$3767.34\end{aligned}$

In concluion, about $3767.34 should be deposited.

Part B)

Recall the formula for continuous compound:

$\displaystyle A = Pe^{rt}$

Where e is Euler's number.

Hence, let A = 4000, r = 0.04 and t = 2. Substitute and solve for P:

$\displaystyle \begin{aligned}(4000) & = Pe^{(0.04)(2)} \\ \\ P & = \frac{4000}{e^{(0.02)(4)}} \\ \\ & \approx \$3692.47 \end{aligned}$

In conclusion, about $3692.47 should be deposited.

8 0

2 years ago

If r(X)=2-x^2 and w(X)=X-2, what is the range of (w*r)(X)

slega [8]

The given function are
r(x) = 2 - x² and w(x) = x - 2
(w*r)(x) can be obtained by multiplying the both function together

So, (w*r)(x) = w(x) * r(x) = (x-2)*(2-x²)
(w*r)(x) = x (2-x²) - 2(2-x²)
= 2x - x³ - 4 + 2x²

∴ (w*r)(x) = -x³ + 2x² + 2x - 4


It is a polynomial function with a domain equal to R

The range of (w*r)(x) can be obtained by graphing the function

To graph (w*r)(x), we need to make a table between x and (w*r)(x)

See the attached figure which represents the table and the graph of (w*r)(x)


As shown in the graph the range of (w*r)(x) is (-∞,∞)

8 0

3 years ago

Read 2 more answers

4(5x + 9)^2 – 33 = -21

ozzi

Answer:

x = sqrt(3)/5 - 9/5 or x = -9/5 - sqrt(3)/5

Step-by-step explanation by completing the square:

Solve for x over the real numbers:

4 (5 x + 9)^2 - 33 = -21

Add 33 to both sides:

4 (5 x + 9)^2 = 12

Divide both sides by 4:

(5 x + 9)^2 = 3

Take the square root of both sides:

5 x + 9 = sqrt(3) or 5 x + 9 = -sqrt(3)

Subtract 9 from both sides:

5 x = sqrt(3) - 9 or 5 x + 9 = -sqrt(3)

Divide both sides by 5:

x = sqrt(3)/5 - 9/5 or 5 x + 9 = -sqrt(3)

Subtract 9 from both sides:

x = sqrt(3)/5 - 9/5 or 5 x = -9 - sqrt(3)

Divide both sides by 5:

Answer: x = sqrt(3)/5 - 9/5 or x = -9/5 - sqrt(3)/5

7 0

4 years ago

Read 2 more answers

Solve for x using desmos or the quadratic formula 2x^2 - 5x - 12 = 0

ivanzaharov [21]

Answer:

x = 4 or x = (-3)/2

Step-by-step explanation:

Solve for x over the real numbers:

2 x^2 - 5 x - 12 = 0

x = (5 ± sqrt((-5)^2 - 4×2 (-12)))/(2×2) = (5 ± sqrt(25 + 96))/4 = (5 ± sqrt(121))/4:

x = (5 + sqrt(121))/4 or x = (5 - sqrt(121))/4

sqrt(121) = sqrt(11^2) = 11:

x = (5 + 11)/4 or x = (5 - 11)/4

(5 + 11)/4 = 16/4 = 4:

x = 4 or x = (5 - 11)/4

(5 - 11)/4 = -6/4 = -3/2:

Answer: x = 4 or x = (-3)/2

5 0

3 years ago

Read 2 more answers

complete the concept map by naming the sampling that you have learned in this module then briefly discuss each

Dmitry [639]

In systematic sampling, individuals are selected at regular intervals from the sampling frame.

<h3>How to explain the sampling?</h3>

Stratified sampling- In this method, the population is first divided into subgroups (or strata) who all share a similar characteristic

Clustered sampling.- a clustered sample, subgroups of the population are used as the sampling unit, rather than individuals. The population is divided into subgroups, known as clusters, which are randomly selected to be included in the study

Simple random sampling. -In this case each individual is chosen entirely by chance and each member of the population has an equal chance, or probability, of being selected.

Quota sampling--This method of sampling is often used by market researchers. Interviewers are given a quota of subjects of a specified type to attempt to recruit.

Learn more about sampling on:

brainly.com/question/17831271

#SPJ1

6 0

2 years ago