Write an inequality that represents the following. Employees receive a bonus

2. Harry just deposited $1500 into a savings account giving 6% interest compounded quarterly.a) How much will be in the account

Studentka2010 [4]

The formula for compound interest is:

$\begin{gathered} A=P(1+\frac{r}{n})^{nt} \\ \text{where,} \\ A=\text{ Final amount} \\ r=\text{ Interest rate} \\ n=\text{ Number of times interest applied per period} \\ t=\text{ Number of time period elapsed} \\ P=\text{ Intial principal balance} \end{gathered}$

Given data:

$\begin{gathered} P=\text{ \$1500} \\ r=6\text{ \%}=0.06 \\ n=4\text{ times (compounded quarterly)} \end{gathered}$

a. After ten years, that is t = 10 years, the amount in the account will be

$\begin{gathered} A=1500(1+\frac{0.06}{4})^{4\times10} \\ A=\text{ }1500(1+0.015)^{40} \\ A=\text{ }1500(1.015)^{40} \\ A=\text{ \$2721.03} \end{gathered}$

b. After twenty years, that is t = 20 years, the amount in the account will be:

$\begin{gathered} A=1500(1+\frac{0.06}{4})^{4\times20} \\ A=1500(1.015)^{4\times20} \\ A=1500(1.015)^{80} \\ A=\text{ \$}4935.99 \end{gathered}$

c. The time it takes for Harry's initial account value to double will be:

$\begin{gathered} A=2\text{ x initial value = 2 }\times\text{ \$1500 = \$3000} \\ 3000=1500(1.015)^{4t} \\ (1.015)^{4t}=\frac{3000}{1500} \\ (1.015)^{4t}=2 \\ \text{ Find the logarithm of both sides} \\ \ln (1.015)^{4t}=\ln 2 \\ 4t=\frac{\ln 2}{\ln 1.015} \\ 4t=46.56 \\ t=\frac{46.56}{4}=11.64 \end{gathered}$

Therefore, the time it takes Harry's initial account to double is approximately 11 years

8 0

1 year ago

What is the slope of the line?y−3=5(x−2)

Ksju [112]

Answer:

5

Step-by-step explanation:

[ y - 3 = 5(x - 2) ] is written in point slope form [ y - y1 = m(x - x1) ] where (x1, y1) = any given points and m = slope. Looking at the equation, m = 5, so that is the slope.

Best of Luck!

3 0

3 years ago

Paula buys a machine for $6600, which includes a sales tax of 20 per cent. Without sales tax, the price is? plse i need help

nika2105 [10]

Answer:

5,280

Step-by-step explanation:

6600 x 20 = 132,000

132,000 / 100 = 1320

6600 - 1320 = 5280

give brainliest pls

5 0

3 years ago

Ashley is the oldest of four siblings whose ages are consecutive even integers. If the sum of their ages is 100, find Ashley's a

jok3333 [9.3K]

Answer:

Ashleys age is 28.

Step-by-step explanation:

When finding numbers that are consecutive, I like to divide the sum in this case, 100 by the number of people or things, in this case, the 4 siblings. The sum is 100 and there are 4 of them so we divide them first.

100÷4=25 so our answer must be around there. The question states that the ages must be even. So the even numbers in the range of lets say 20-30 are 20, 22, 24, 26, 28 and 30. Closest four numbers to 25 are 22, 24, 26 and 28. We must have two numbers below 25 and two numbers above 25. So we will keep 22,24,26 and 28. If you add them together, then you'll get 100! Since we are looking for Ashley's age which is the oldest, her age will be 28 as 28 is the highest number out the four numbers (22,24,26,28)

Good Luck and hope this helped! <33

4 0

2 years ago

Determine the measure of ∠Y. images attached

Gwar [14]

Answer:

<h3>The answer is option C</h3>

Step-by-step explanation:

Since it's a right angled triangle we can use trigonometric ratios to find the value of ∠Y

To find the value of ∠Y we use tan

We have

$\tan(∠Y) = \frac{25}{20} \\ \tan(∠Y) = \frac{5}{4} \\ ∠Y = { \tan^{ - 1} } \frac{5}{4} \\ ∠Y = 51.34019...$

We have the final answer as

Hope this helps you

5 0

3 years ago

Read 2 more answers