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
Jobisdone [24]
2 years ago
13

The required time is 3 years.

Mathematics
1 answer:
AVprozaik [17]2 years ago
8 0

Answer:

Step-by-step explanation:

<h2><em>For 4%</em></h2>

<em>A = $56,363.59 </em>

<em> </em>

<em>A = P + I where </em>

<em>P (principal) = $50,000.00 </em>

<em>I (interest) = $6,363.59</em>

<h2><em>calculation step</em></h2>

<em>First, convert R as a percent to r as a decimal </em>

<em>r = R/100 </em>

<em>r = 4/100 </em>

<em>r = 0.04 rate per year, </em>

<em> </em>

<em>Then solve the equation for A </em>

<em>A = P(1 + r/n)nt </em>

<em>A = 50,000.00(1 + 0.04/12)(12)(3) </em>

<em>A = 50,000.00(1 + 0.003333333)(36) </em>

<em>A = $56,363.59 </em>

<em> </em>

<em>Summary: </em>

<em>The total amount accrued, principal plus interest, with compound interest on a principal of $50,000.00 at a rate of 4% per year compounded 12 times per year over 3 years is $56,363.59. </em>

<h2><em>for 5 %</em></h2>

<em> </em>

A = $58,073.61

A = P + I where

P (principal) = $50,000.00

I (interest) = $8,073.61

<h2>calculation step</h2>

First, convert R as a percent to r as a decimal

r = R/100

r = 5/100

r = 0.05 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 50,000.00(1 + 0.05/12)(12)(3)

A = 50,000.00(1 + 0.004166667)(36)

A = $58,073.61

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $50,000.00 at a rate of 5% per year compounded 12 times per year over 3 years is $58,073.61.

<h2>For 6 %</h2>

A = $59,834.03

A = P + I where

P (principal) = $50,000.00

I (interest) = $9,834.03

<h2>calculation step </h2>

First, convert R as a percent to r as a decimal

r = R/100

r = 6/100

r = 0.06 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 50,000.00(1 + 0.06/12)(12)(3)

A = 50,000.00(1 + 0.005)(36)

A = $59,834.03

<h2 />

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $50,000.00 at a rate of 6% per year compounded 12 times per year over 3 years is $59,834.03.

You might be interested in
What operation is implied between the whole number and fraction parts of the mixed number 4 2/3
agasfer [191]

Answer:

0

Step-by-step explanation:

7 0
3 years ago
Walk if it walks at a constant pace for 15
Charra [1.4K]

Answer: 4.00

Step-by-step explanation: There are 60 minutes in 1 hour. So, 60/15 gives you your answer. 60/15 = 4, but it says write it as a decimal. So, your answer will be 4.00.

3 0
2 years ago
Gary used candle molds, as shown, to make candles that were perfect cylinders and spheres:What is the approximate difference in
Nikolay [14]
The correct answer is 16.7

Hope this helped :)
6 0
3 years ago
Write a recursive rule for the sequence 4,10,16,22
Phantasy [73]

Answer:

a_{n+1} = a_{n} + 6

Step-by-step explanation:

The terms have a common difference d between consecutive terms, that is

10 - 4 = 16 - 10 = 22 - 16 = 6

To obtain the next term add 6 to the previous term ( recursive rule ), thus

a_{n+1} = a_{n} + 6 with a₁ = 4

8 0
2 years ago
Someone please help<br><br>The table shows values for functions f(x) and g(x) .
viva [34]
The answer to the question is x = 0
6 0
2 years ago
Read 2 more answers
Other questions:
  • In the triangle below, b = _____. If necessary, round your answer to two decimal places.
    7·1 answer
  • Given that the domain is all real numbers, what is the limit of the range for the function ƒ(x) = 42x - 100?
    13·2 answers
  • Alice's grandmothers age is a composite number between 70 and 80 and has a factor of 11 what is it
    9·2 answers
  • NEED IT ASAP What is the value of x in the diagram below? A.18/ ROOT 3 B.18 ROOT 2/ROOT 3 C.18 ROOT 3/ ROOT 2 D. 18 ROOT 2
    7·1 answer
  • Shaquil needs to borrow $400. The loan company charges him $80 in fees for the loan. Shaquil calculates that the annual percenta
    14·2 answers
  • Which of the following represents the difference between the central angles of the above regular polygons? Round to the nearest
    14·1 answer
  • {4x-2y+5z=6 <br> {3x+3y+8z=4 <br> {x-5y-3z=5
    9·1 answer
  • Solve for x pls hurry
    13·2 answers
  • Sally goes to the store and buys a camera for $65. The store is
    15·2 answers
  • My math teacher just gave me a super hard question WILL GIVE CROWN!!!!
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!