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
-Dominant- [34]
2 years ago
10

A donor gives $100,000 to a university, and specifies that it is to be used to give annual scholarships for the next 20 years. I

f the university can earn 4% interest, how much can they give in scholarships each year?
Mathematics
1 answer:
saul85 [17]2 years ago
5 0

9514 1404 393

Answer:

  $7,358

Step-by-step explanation:

Assuming the interest is compounded annually, the amortization formula is useful here.

  A = Pr/(1 -(1+r)^-t)

A is the annual scholarship, P is the principal invested at rate r for t years.

  A = $100,000(0.04)/(1 -1.04^-20) = $7,358.18

The university could give $7,358 in scholarships each year.

You might be interested in
1/2(15)(13+17) Whats the answer?
lidiya [134]

1/2(15)(13+17)

15/2(13+17)

15/2(30)

= 225

I hoe that's help.

8 0
3 years ago
where p is the price (in dollars) and x is the number of units (in thousands). Find the average price p on the interval 40 ≤ x ≤
marusya05 [52]

THIS IS THE COMPLETE QUESTION BELOW

The demand equation for a product is p=90000/400+3x where p is the price (in dollars) and x is the number of units (in thousands). Find the average price p on the interval 40 ≤ x ≤ 50.

Answer

$168.27

Step by step Explanation

Given p=90000/400+3x

With the limits of 40 to 50

Then we need the integral in the form below to find the average price

1/(g-d)∫ⁿₐf(x)dx

Where n= 40 and a= 50, then if we substitute p and the limits then we integrate

1/(50-40)∫⁵⁰₄₀(90000/400+3x)

1/10∫⁵⁰₄₀(90000/400+3x)

If we perform some factorization we have

90000/(10)(3)∫3dx/(400+3x)

3000[ln400+3x]₄₀⁵⁰

Then let substitute the upper and lower limits we have

3000[ln400+3(50)]-ln[400+3(40]

30000[ln550-ln520]

3000[6.3099×6.254]

3000[0.056]

=168.27

the average price p on the interval 40 ≤ x ≤ 50 is

=$168.27

8 0
3 years ago
a gallon of chocolate milk sells for $3.14. a snack-size bottle of chocolate milk sells for 3 cents per ounce. which is a better
Yuliya22 [10]
A snack-size bottle of chocolate milk is better because it cost less.
6 0
3 years ago
Read 2 more answers
Help me out here please.
Vilka [71]

Answer:

just remove the parentheses and add the numbers

Step-by-step explanation:

5 0
3 years ago
Please help with the answer for 7/9 -1/3=
Levart [38]

Answer:

4/9 is the answer

Hope it correct and it helps

6 0
3 years ago
Read 2 more answers
Other questions:
  • A monument in the shape of a right triangle sits on a rectangular pedestal that is 5 meters high by 11 meters long. The longest
    10·1 answer
  • C(4+3c) -0.75 (c+3) =<br><br> plzz help
    11·2 answers
  • Am independent variable is a variable (often demoted by y) whose variation depends on that if another. True or false
    13·2 answers
  • A bag contains 20 slips of paper Individually numbered. If a slip of paper and a letter in the word PENNSYLVANIA is chosen at ra
    11·1 answer
  • bob bought a cor for 28,648 the commission for the sales person was 1,348 what percent was the commission
    13·1 answer
  • +
    7·2 answers
  • Plz help me this is to much
    9·1 answer
  • A cab company charges a $10 boarding fee and a meter rate of $2 per mile. The equation is y=2x+10 where x represents the number
    9·1 answer
  • a rental car agency charges $210.00 per week plus $0.25 per mile to rent a car. How many miles can you travel in one week for 33
    15·2 answers
  • Omg please help<br><br> which shows all solutions of (x+3)^2=12
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!