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Nikitich [7]
3 years ago
14

If a 5,000 investment earn $1,575 interest over over 18 years what is the annual interest rate

Physics
1 answer:
ss7ja [257]3 years ago
5 0

Answer:

I = 1575 / 5000 = 31.5 % interest on investment

(1 + i)^18 = 1.315      where i interest is earned per year

One can use logs or

1 + i = 1.315^1/18  = 1.0153

So the annual interest rate is .0153   or 1.53%

Or

5000 (1 + i)^18 = 6575

(1 + i)^18 = 1.315

18 log (1 + i) =  log 1.315

log (1 + i) =  .006607

1 + i = 1.0153

i = .0153 = 1.53%

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<em>Note The question is incomplete. The complete question is as follows:</em>

<em>A cannonball has just been shot out of a cannon aimed 45∘ above the horizontal rightward direction. Drag forces cannot be neglected.</em>

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Free-body diagrams are diagrams used to show the relative magnitude and direction of all forces acting upon an object in a given situation.

In order to construct free-body diagrams, it is important to know the various types of forces acting on the object in that situation. Then, the direction in which each of the forces is acting is determined. Finally the given object is drawn using any given representation, usually a box, and the direction of action of the forces are represented using arrows.

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