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
A fair attended by 755,082 people altogether.What is the number rounded to the nearest ten thousand
Fudgin [204]

Answer:

760,000


Step-by-step explanation:


7 0
3 years ago
Autum school holding a voleturing challeng. Students are encouraged to volunteer for at least 1 1/2 hours per week. Volenteers a
Pani-rosa [81]

Given :

Challenge given is to volunteer for about 1 1/2 hours per week .

Autum did at a rate of 6 3/4 hours per week .

To Find :

The comparison ( ratio )  her volunteers rate with the challenge rate .

Solution :

Simplifying challenge rate in in normal fraction , 1\dfrac{1}{2}=\dfrac{2+1}{2}=\dfrac{3}{2} .

Also , simplifying her rate , 6\dfrac{3}{4}=\dfrac{(6\times 4)+3}{4}=\dfrac{27}{4} .

Now , ratio of his work by challenge is :

R=\dfrac{\dfrac{27}{4}}{\dfrac{3}{2}}\\\\\\R=\dfrac{27\times 2}{4\times 3}\\\\R=\dfrac{9}{2}

Therefore , the ratio is 9/2 or 4 1/2 .

Hence , this is the required solution .

8 0
3 years ago
Read 2 more answers
Find an equation of line with given slope and y-intercept. Slope= -6 y-intercept= (0,-10) The equation of the line is: ?
GREYUIT [131]

Step-by-step explanation:

so, we find the slope-intercept form :

y = ax + b

"a" is the slope (it is always the factor of x), "b" is the y-intercept (the y-value when x = 0).

we have the slope : -6

and the given point (0, -10) gives us already the y-value when x = 0 : -10

therefore, the equation is

y = -6x - 10

4 0
1 year ago
Pi x 36 - 16<br> Need help on this please answer appropriate.
Bad White [126]

Answer:

To do this question, we must first convert Pi to a decimal form, as shown below:

Pi = 3.14

So then our equation becomes:

3.14 x 36 - 16

We still need to remember PEMDAS.

Parentheses, Exponents, Multiplication, Division, Addition and Subtraction.

So according to PEMDAS, we need to do 3.14 x 36, which equals 113.04

Now we have to do:

113.04 - 16 = 97.04

Our answer is 97.04

<u><em>Hope this helps - genius423</em></u>

4 0
3 years ago
Find missing side<br> help quick pls
Zigmanuir [339]

Answer:

7m

Step-by-step explanation:

18/6 = 3

24/8 = 3

21/x = 3

21/3 = 7

x = 7

6 0
3 years ago
Other questions:
  • Can anyone tell me to solve this..
    10·2 answers
  • You are making 5 Autumn Classic bouquets for your friends. You have $610 to spend and want 24 flowers for each bouquet. Roses co
    11·1 answer
  • Is the side length 7√+2 rational or irrational?
    5·2 answers
  • How do you know if two lines are parallel given coordinates only? How do you know if two lines are perpendicular given coordinat
    11·1 answer
  • Which of the given expressions results in 0 when evaluated at x = 5?
    6·1 answer
  • Line AB is parallel to line CD. Which statement is true?
    8·2 answers
  • Question 2 (4 points)
    12·2 answers
  • A can in the shape of a cylinder has a diameter of 6 centimeters and a height of 10 centimeters witch measurement is closest to
    7·1 answer
  • Find the center and radius of a circle with the equation x² + y2 +6x–8y +16= 0.
    14·1 answer
  • A scale drawing of Jack's living room is shown below:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!