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ikadub [295]
3 years ago
6

A financial instrument pays 8% simple interest (based on the purchase value) and matures after 3 years. The instrument can be pu

rchased at any price.
An investor purchases the instrument for P dollars, and calculated that the total value of the investment (i.e. P plus interest earned) will be $2,000 at maturity. Calculate P.
Mathematics
1 answer:
Zarrin [17]3 years ago
4 0

we know it pays using simple interest.

So the investor bought it a P dollars, maturity time is 3 years, namely t = 3, rate is 8% or namely r = 8/100, and it'll yield 2000, or A = 2000, let's plug those in the simple interest earned amount equation.

~~~~~~ \textit{Simple Interest Earned Amount}\\\\A=P(1+rt)\qquad\begin{cases}A=\textit{accumulated amount}&\dotfill \$2000\\P=\textit{original amount deposited}\\r=rate\to 8\%\to \frac{8}{100}\dotfill &0.08\\\stackrel{maturity}{t=years}\dotfill &3\end{cases}\\\\\\2000=P(1+0.08\cdot 3)\implies \cfrac{2000}{1+0.08\cdot 3}=P\\\\\\ \cfrac{2000}{1.24}=P\implies \boxed{1612.90 \approx P}

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Persons taking a 30-hour review course to prepare for a standardized excam averago a score of 620 on that exam. Persons taking a
wolverine [178]

Answer:

S(t) = 4.725t + 478.25

S(t) = 4.725(42)+478.25

S(t) = 676.7

Step-by-step explanation:

In the question, score is a function of time, that means time is the x-axis, while score is the y-axis.

Order the pairs to get:

(30,620) and (70, 809)

With these values, you use the the equation \frac{x2-x1}{y2-y1} to get the slope m.

\frac{70-30}{809-620}  = 4.725

Use this equation and input any ordered pair to get the final function.

y-y1 = m(x-x1)

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6 0
3 years ago
Question 2 options:
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3 years ago
The vertex of this parabola is at (-5,-2). when the x-value is -4, the y-value is 2. what is the coefficient of the squared expr
Westkost [7]
Vertex:  (-5,-2); parabola opens up; 

General form of the equation for a vertical parabola opening up is:

y-k = a(x-h)^2; knowing that the vertex is at (-5,-2), we can write:

y+2 = a(x+5)^2.  We need to find the value of the coefficient a.

From the graph we see that y is 10 when x is approx. -1 3/4 (or -7/4).

subst. these values into y+2 = a(x+5)^2, we get:

10 + 2 = a(-7/4 + 5)^2, or 12 = a(13/4)^2, or   1 = a(169/16).

Solving for a:  a = 16/169 = 0.09, or approx 16/160, or 1/10.  Unfortunately, this is not close to any of the four answer choices.

I thought it best to try again, and fortunately my second try was correct:

10+2 = a(13/4)^2, or  (169/16)a.  Thus, 12 = a(169/16)

                                   12
Solving for a:  a = ------------- = 1.14.  The answer choice closest to this is 1.
                                169/16

Answer A is correct.



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