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
Tamiku [17]
2 years ago
11

How much money should be invested in an account that earns 8% interest compounded quarterly to yield $10,000 in 4 years? (Round

your answer to the nearest cent.)
Mathematics
1 answer:
sweet [91]2 years ago
4 0

Answer:

757,576cents

Step-by-step explanation:

Given

Amount = $10000

Time = 4years

Rate = 8%

n = 1/4 year (compounded quarterly

Using the formula to get the principal

A = P(1+r/n)^nt

10000 = P(1+0.08/0.25)^4(1/4)

10000 = P(1+0.32)

10000= 1.32P

P = 10000/1.32

P = 7575.76

Hence he suppose to invest $7575.76 which is equivalent to 7575.76×100 cents i.e 757,576cents

You might be interested in
6. Craig and James both live 4 miles up a hill. Craig hikes uphill at a rate of 1 mile every two hours.
Iteru [2.4K]

Answer:

James

Step-by-step explanation:

James rate:

2x + 2 = 4

2x = 2

x = 1 hour

Rate = distance/time = 4/1 = 4 miles per hour

Craig's rate = 1/2 = 0.5 miles per hour

James is faster

6 0
3 years ago
-2x-9y=-25 -4x-9y=-23 system with elimination
REY [17]
Multiply the first equation by -2. It turns into 4x+18y=50 and the other one stays -4x-9y=-23. Then you "eliminate" the equations by "adding" them. Set it up like this: 
4x+18y=50
      +
-4x-9y=-23
4x-4x= 0. 18y-9y= 9y and 50-23= 27
SO: 9y= 27 and y= 3
And then you plug that in to one equation: 4x +18(3)= 50. 4x= 50-(18*3)
4x= -4, so x=-1.
Plug it back in to check! 
Hope this helps. Happy solving! :)
4 0
3 years ago
Read 2 more answers
A caterpillar eats 75 leaves in 5 hours. How many leaves will the caterpillar eat in 8 hours if it continues to eat at the same
Dahasolnce [82]

Answer:

120 leaves

Step-by-step explanation:

If the caterpillar eats 75 leaves in 5 hours and continues to eat at the same rate, the number of leaves eaten is simple, 120 leaves.

How I found the answer:

First, I divided 75 by 5 and got 15, then I multiplied 8 to 15 and got 120.

3 0
3 years ago
Read 2 more answers
What is the correct value of f(-1) if f(x) = 2x2 – 3x – 9
Zina [86]

Answer:

-is a 4x ala 2 -3x -9

-or 4x2 -3x1-9x

4 0
3 years ago
Read 2 more answers
Solve the function.<br> h(x)= 6x - 10<br> ————-<br> X + 3 <br><br><br> Help please
Rus_ich [418]

Answer:

X+3=0

X=-3

H(x)=6*-3 - 10

H(x) =-18 - 10

H(x) =-28

8 0
3 years ago
Other questions:
  • I need help whats the rule?
    7·1 answer
  • Choose ALL that apply:
    8·1 answer
  • Is f(x)=0.5(2)x exponential decay?
    6·1 answer
  • Can any body help me with 1 through 9 pls i will be very thankful:D
    7·1 answer
  • Find a number such that 7 times the number is 56 greater than the opposite of the number.
    10·2 answers
  • La temperatura de un lugar es de 5 ºC al mediodía y después desciende 4 ºC cada hora. ¿Cuál es la función afín que modela esta s
    14·1 answer
  • Solve by factoring: x2 – 9x + 20 = 0
    8·2 answers
  • Help I’m doing 8th grade work
    6·1 answer
  • The sum of two angles is 90°. The difference of twice the larger angle and the smaller angle is 105º. The system of linear equat
    11·2 answers
  • If a hand sanitizer cleans 99.9% of bacteria if u use it 2 times does that make it 100%
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!