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
Goshia [24]
3 years ago
7

Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the interest is compounded quarterly, what in

terest rate, to the nearest tenth of a percent, would be required in order for Evelyn to end up with $6,200?
​
Mathematics
2 answers:
slava [35]3 years ago
8 0

Answer:

3.6%

Step-by-step explanation:

3241004551 [841]3 years ago
6 0

Answer:

Quarterly interest rate= 0.8974%

Step-by-step explanation:

Giving the following formula:

Initial investment (PV)= $3,500

Future Value (FV)= $6,200

Number of periods (n)= 16*4= 64 quarters

<u>It is almost impossible to calculate the interest rate using a formula. To determine the interest rate, we need to use a financial calculator:</u>

Function: CMPD

n= 64

I%= SOLVE= 0.8974

PV= 3,500

FV= -6,200

Quarterly interest rate= 0.8974%

You might be interested in
HELP I NEED THE ORDER
Licemer1 [7]

Answer:

892.3 X 6 = 5353.8

89.23 X 6 = 535.38

89.23 X 0.6 = 53.538

3 0
3 years ago
Help please, thanks :)
tensa zangetsu [6.8K]

Answer:

60°

Step-by-step explanation:

Angle 1 is a vertical angle to 60° by the definition of a vertical angle.

8 0
3 years ago
Read 2 more answers
Drag each tile to the correct box. Not all tiles will be used. Consider function f. f(x)=7x-21 Place the steps for finding in th
dimulka [17.4K]

x=7x-21

Step-by-step explanation:

  • x=7x-21
  • 21=7x-x
  • 21=6x
  • x=21/6
  • x=7/2
  • x=3.5
5 0
2 years ago
Pls help meh...... with the question.....pls it's urgent ...........​
HACTEHA [7]

Answer:

1.6962 = 1.70 (2 dp)

0.4247 = 0.425 to 3 dp

0.007395 = 0.007 to 3 dp

0.007395 = 0.0074 to 4 dp

32549 = 32500 to 3 significant figures

32549 = 32550 to 4 significant figures

909520 = 910000 to 3 significant figures

909520 = 909500 to 4 significant figures

Step-by-step explanation:

1.6962 = 1.70 (2 dp)

0.4247 = 0.425 to 3 dp

0.007395 = 0.007 to 3 dp

0.007395 = 0.0074 to 4 dp

32549 = 32500 to 3 significant figures

32549 = 32550 to 4 significant figures

909520 = 910000 to 3 significant figures

909520 = 909500 to 4 significant figures

5 0
3 years ago
The number of adults who attend a county fair (measured in hundreds of people) is represented by the function a(d)=−0.3d2+4d+9 ,
Lesechka [4]

Given is the function for number of adults who visit fair at day 'd' after its opening, a(d) = −0.3d² + 4d + 9.

Given is the function for number of children who visit fair at day 'd' after its opening, c(d) = −0.2d² + 5d + 11.  

Any function f(d) to find excess of children more than adults can be written as follows :-  

f(d) = c(d) - a(d).

⇒ f(d) = (−0.2d² + 5d + 11) - (−0.3d² + 4d + 9)

⇒ f(d) = -0.2d² + 0.3d² + 5d - 4d + 11 - 9

⇒ f(d) = 0.1d² + d + 2

6 0
3 years ago
Read 2 more answers
Other questions:
  • Harry had $32. He spent all the money on buying 3 notebooks for $x each and 4 packs of index cards for $y each. If Harry had bou
    11·1 answer
  • Estimate each number by rounding to the nearest 100,000
    12·1 answer
  • Does the table below show a proportional relationship​
    15·1 answer
  • Can you help me with this problem
    5·1 answer
  • Solve the following equation for a: -g + 3/4a = y
    7·1 answer
  • ❗️10 points❗️<br> A. x^2 + 10x + 25<br> B. x^2 + 8x + 25<br> C. 10x + 25<br> D. -2x^2 + 10x + 25
    9·1 answer
  • 1. Find the number of real number solutions for the equation.
    10·1 answer
  • Solve for x rounded to the nearest tenth.<br> X<br> 18<br> cos 70 =x/18
    12·2 answers
  • Match the sequence (term) with the correct type of sequence (definition).
    7·1 answer
  • 1. Kiki wants to trim a merry go round with lights. If the merry go round has a diameter of 17 feet, how many feet of lights doe
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!