Suppose Lisa places $8500 in an account that pays 16% interest compounded each year. Assume that no withdrawals are made from the account.

Follow the instructions below. Do not do any rounding.

(a) Find the amount in the account at the end of 1 year.

(b) Find the amount in the account at the end of 2 years.

Answers

Answer 1
You can use the compounded formula.
[tex] A = P(1 + \frac{r}{n})^{nt} [/tex]

A = total amount 
P = principal or amount of money deposited,
r = annual interest rate 
n = number of times compounded per year
t = time in years

[tex] A = 8500(1 + \frac{.16}{1})^{1\times1} [/tex]   <------ First Year

[tex] A = 8500(1 + \frac{.16}{1})^{1\times2} [/tex]   <-----Second Year

A = $9860           <----First Year

A = $11,437.60   <----Second Year

Answer 2
Final answer:

At the end of 1 year, the amount in the account will be $9860. At the end of 2 years, the amount in the account will be $11437.6. This is calculated using the formula for compound interest.

Explanation:

Lisa is placing $8500 in an account that pays 16% interest compounded annually. To solve for part (a) and part (b) which ask for the amount in the account at the end of 1 year and 2 years respectively, we use the formula for compound interest: A = P *(1 + r/n)^(nt).

Here, P is the principal amount ($8500), r is the annual interest rate (16% or 0.16 as decimal), n is the number of times that interest is compounded per unit t (n = 1 as it's compounded annually), and t is the time the money is invested for.

For (a), t = 1 year. Inserting these values into the formula, we get:

A = $8500 * (1 + 0.16/1)^(1*1) = $8500 * 1.16 = $9860.

Therefore, at the end of 1 year, the amount in the account will be $9860.

For (b), t = 2 years. Using the same formula, we get:

A = $8500 * (1 + 0.16/1)^(1*2) = $8500 * 1.16^2 = $11437.6.

Therefore, at the end of 2 years, the amount in the account will be $11437.6.

Learn more about Compound Interest here:

https://brainly.com/question/14295570

#SPJ2


Related Questions

A triangle can have sides whose lengths are 9cm, 16cm, and

Answers

If this is a right triangle, then it would have to be a^2 + b^2 = c^2

assuming that the lengths are not the hypotenuse, then we can square the two numbers.

81 + 256 = c^2
337 = c^2
√337 = c

to go into decimals, the answer would be:    c = 18.358
The answer is:  " 25 cm " .
____________________________
This would refer to a right triangle;

 a² + b² = c² ;

In which :  3² + 4² = 5² ;

or:  9 + 16 = 25 .
_____________________________________

Part A: Explain why the x-coordinates of the points where the graphs of the equations y = 4−x and y = 8−x−1 intersect are the solutions of the equation 4−x = 8−x−1. (4 points)

Part B: Make tables to find the solution to 4−x = 8−x−1. Take the integer values of x between −3 and 3. (4 points)

Part C: How can you solve the equation 4−x = 8−x−1 graphically? (2 points)

Answers

Part A: Y=4-x and Y=8-x-1 is just a fancy way of showing the point of intersection, or where both slopes meet,  so to figure out x is the point where the x meets.
Part B: Just plug in number between -3-(3) for x
Part C: Solve the equation by drawing the slope of both equations and find where both lines intersect

Which are correct representations of the inequality 6x ≥ 3 + 4(2x – 1)? Check all that apply.
A=1 ≥ 2x
B=6x ≥ 3 + 8x – 4
and on a graph
.5 shaded to the left
- .5 shaded to the right
.5 shaded to the right

Answers

checking all that apply the correct answers would be A B and C

The correct answers are:

A) 1 ≥ 2x ; B) 6x ≥ 3 + 8x – 4 ; and .5 shaded to the left

Explanation:

Our inequality given is 6x ≥ 3 + 4(2x - 1). First we use the distributive property:

6x ≥ 3 + 4(2x) + 4(-1)

6x ≥ 3 + 8x - 4

This means A is correct.

Next we can subtract 8x from each side:

6x-8x ≥ 3+8x-4-8x

-2x ≥ 3-4

-2x ≥ -1

Divide both sides by -1 (remember to flip the inequality symbol):

-2x/-1 ≥ -1/-1

2x ≤ 1

This can also be written as 1 ≥ 2x, so B is correct.

To finish solving this, divide both sides by 2:

2x/2 ≤ 1/2

x ≤ 0.5

To graph this, we circle 0.5 and fill it in (since it is less than or equal to), and shade to the left (since it is less than).

In order to avoid heavy traffic, Antonio can drive home after working less than 7 hours (h < 7) or after working more than 9 hours (h >9). How can these inequalities be written as one statement?

7 < h < 9
7 > h > 9
h < 7 or h > 9
h > 7 or h < 9

Answers

Answer:

Option C is correct.

The inequalities can be written as one statement as : h<7 or h>9

Step-by-step explanation:

Let h be the working hours

Antonio can drive home after working less than 7 hours.

Less than  symbol represented by ('<')

then, we have  h<7

Antonio after working more than 9 hours.

More than symbol represented by ('>').

then, we have h>9

Since, we use inequalities when there is a range of possible answers for a given situation

Now, as per the given statement,

the inequalities can be written as one statement as; h<7 or h>9

how do you slove this problem

Answers

(6x-4)-(-2x-8) 
(a)=a
6x-4-(2x-8)
-(2x+8)=-2x-8
6x-4-2x-8
4x-12
I hope this is more clear

what number is greater than 535 but rounded to the nearest 100 is 500?
which one?

523 535 545 550

Answers

Answer: 545

This is because in rounding, numbers are rounded up when they are past the halfway mark, but down when they are below the halfway mark. If the number is exactly the halfway point, then it is also usually rounded up.
In this case, the halfway point is 550. 545 is less than 550, so if it is rounded to the nearest 100, it is rounded down to 500.
545 because the 45 is more than 35 and the answer is still 500 when rounded off

A cross section of a cone taken perpendicular to the base and intersecting the apex of the cone is what shape?

Answers

Answer:

The answer is a triangle.

Step-by-step explanation:

A cross section of a cone taken perpendicular to the base and intersecting the apex of the cone - The shape will be a triangle.

A cone has one circular base with two slant heights that are attached at the vertex. When it is cut in such a way that the cross-section is perpendicular to the base and it passes through the vertex or apex, then a triangle is formed.

For better visualization, you can also see the attached image.

A cross section of a cone taken perpendicular to the base and intersecting the apex of the cone - The shape will be a triangle.

The answer is a triangle.

A cross-section of a cone taken perpendicular to the base and intersecting the apex of the cone is a triangle.

When you cut a cone perpendicular to its base and through its apex, the resulting cross-section will be a triangle. The shape of the cross-section depends on the angle at which you make the cut. If the cut is parallel to one of the sides of the cone, the cross-section will be a right-angled triangle.

If the cut is made at an angle to the sides of the cone, the cross-section will be an isosceles or scalene triangle.

In any case, the cross-section will always be a triangular shape with its vertices at the apex of the cone and the points where the cut intersects the base of the cone.

A cone has one circular base with two slant heights that are attached at the vertex. When it is cut in such a way that the cross-section is perpendicular to the base and it passes through the vertex or apex, then a triangle is formed.

learn more on cross-section :

https://brainly.com/question/12527003

#SPJ6

I WILL GIVE BRAINLIEST

Julian compared numbers with similar digits. Using mathematical language, explain how each set of numbers is different

SET A: 13.542 and 35.42

SET B: 781 and 78.1

SET C: 1.2 and 01.20

Answers

Set A: Is the first number multiplied by 10 then subtracted by 100.
Set B: Is the second number divided by 10
Set C: Is the same number

Connor is asked to find the probability of rolling a prime number on a die. He states that this is a simple event. True or false? A. True B. False

Answers

The correct answer is true

Pls solve 7x-4(6-x)+12 and show steps pls.

Answers

7x - 24 - -4x +12
7× - 24 + 4x + 12
Combine like terms
7x + 4x -24 + 12
11x - 12

Dorothy types 120 words per minute .How many words does Dorothy type in 1.75 minutes ?

Answers

D. 210 Words is the correct answer.
The correct answer is D.) 210. If you think of it this way, half of 120 is 60. Dorothy types 120 words per minute, so she types 60 words per 30 seconds. Divide that by half again to get 30 words in 15 seconds. at them together, you get 90 words in that .75 of a minute. 120 + 90 = 210. Hope this helped you out, I would appreciate if you rated me the "brainliest answer" if I did!

A plant is already 11.50 meters tall, and it will grow 9 centimeters every month. The plant's height, H (in meters), after x months is given by the following function.

H (x) = 0.09x + 11.50

What is the plant's height after 15 months?

Answers

h(15)=0.09(15)+11.5
h(15)=1.35+11.5
h(15)=12.85
Final answer: 12.85m

The plants height after 15 months is:

What are linear equations?

"A linear equation in one variable is an equation in which there is only one variable present. It is of the form Ax + B = 0, where A and B are any two real numbers and x is an unknown variable that has only one solution."

Given the function is

[tex]H(x)= 0.09x + 11.50[/tex]

Also given,

Number of months are 15

[tex]\(H(x)= 0.09*15 + 11.50 \\H(x)= 1.35 + 11.50 = 12.85[/tex]

Hence, the plant's height after 15 months is 12.85 meters.

To know more about linear equation here,

https://brainly.com/question/11897796

#SPJ2

Numbers that are divisible by 2,4,6,8,10 have to be.

Answers

The numbers have to be even

Solve 2a 2 - 3a - 2 = 0

{-1/2, 2}
{1/2, -2}
{}

Answers

Apply slip and slide
a^2-3a-4
(a-4)(a+1)
(a-2)(2a+1)

Find zeros
a-2=0
a=2

2a+1=0
2a=-1
a=-1/2

Final answer: {-1/2, 2}
The answer is {-1/2, 2}

solve the inequality 2(p – 7) > 8

Answers

2(p – 7) > 8
2p - 14 > 8
2p > 22
p > 11

The solution to the given inequality 2(p – 7) > 8 is p > 11.

What is inequality?

Inequality is defined as mathematical statements that have a minimum of two terms containing variables or numbers that are not equal.

The inequality is given in the question following as:

2(p – 7) > 8

We have to determine the solution to the given inequality.

As per the question, we have

2(p – 7) > 8

Open the parentheses and apply the distributive property of multiplication,

2p - 14 > 8

Add 14 both sides of the above in inequality,

2p - 14 + 14 > 8 + 14

2p > 22

Divided by 2 into both sides of the above in inequality,

p > 11

Therefore, the solution to the given inequality is p > 11.

Learn more about inequalities here:

brainly.com/question/20383699

#SPJ2

A boy moves 4 miles south. Then he turns 90 degrees to the left. He moves forward 6 miles. H turns 90 degrees to the left. He moves forward 4 miles. How far is he now than from his starting point?

Answers

y1=-4

x1=6

y2=4

y1+y2=0

So he is just his x displacement from where he started, 6 miles.

Which of the following approaches can be used to construct a parallelogram? Select one: a. Measure equal segments on parallel lines, then join the endpoints of these segments. b. Construct two congruent angles, then bisect them. c. Construct the perpendicular bisector of a segment, then bisect two of the right angles. d. Construct two perpendiculars to a parallel line.

Answers

Final answer:

The correct approach to constructing a parallelogram is to measure equal segments on parallel lines and then join the endpoints of these segments, which ensures opposite sides are equal and parallel.

Explanation:

The student has asked which of the following approaches can be used to construct a parallelogram. The correct approach is Measure equal segments on parallel lines, then join the endpoints of these segments, which corresponds to option a. This method utilizes the properties of parallelograms, where opposite sides are equal in length and parallel to each other. The Euclidean Geometry postulates that relate to this method include E1 Two points determine a line, E2 Line segments can be extended, and the Parallel postulate: Given a line and a point not on the line, no more than one line can be drawn through the point and parallel to the given line.

To construct a parallelogram, you can follow these simplified steps:

Select any two parallel lines.

Measure and mark equal length segments on each of the lines.

Join the corresponding endpoints of these segments to form the parallelogram.

A building contractor has a piece of crown molding that is 48 1/2 inches long he cuts off one piece measuring 10 1/4 inches and another piece 2 feet 1/8 inch how much does he have left

Answers

Well, lets first start with 48 1/2 - 10 1/4. We can turn 48 1/2 to 48 2/4. 48 2/4 - 10 1/4 = 38 1/4. Next, we have to convert 2 feet and 1/8 inches to inches, which would be 24 1/8 inches. Turn 38 1/4 to 38 2/8. Last of all, 38 2/8 - 24 1/8 = 14 1/8. He has 14 1/8 inches left.

Point D represents a negative number. Which point represents the opposite of that number?

Answers

I think the answer of this question is C

The negative number - 7 and its opposite number 7 are represented on the number line.

What is a number line?

A number line refers to a straight line in mathematics that has numbers arranged at regular intervals or portions along its width. A number line is often shown horizontally and can be postponed in any direction.

Point D represents a negative number which is -7.

We know that if the number is 'a', then the opposite number of the number 'a' will be '-a'.

Then the point representing the opposite of that number will be given as,

⇒ -(-7)

⇒ 7

The negative number - 7 and its opposite number 7 are represented on the number line.

The diagram is given below.

More about the number line link is given below.

https://brainly.com/question/13189025

#SPJ2

The complete question is given below.

Point D represents a negative number which is - 7. Which point represents the opposite of that number?

What type of stock receives an equal part of the profits on each share to be distributed after all other obligations of a company have been satisfied?

Answers

the type of stock you are refering to is common stock

Find the sum. And simplify 1 4/9 + 3 1/3

Answers

Convert into improper fractions
1=9/9
9+4=13
13/9

3=9/3
9+1=10
10/3

To add fractions, we must find a common denominator.
3*3=9
9*1=9
13/9 *1/1 = 13/9
10/3 *3/3= 30/9
13+30=43
43/30
or 1 13/30

Hope this helps! A thanks/brainiest answer would be appreciated :)


517.21 km what is the nearest 10km?

Answers

To round to the nearest 10, we must look at the tens and ones place (1 and 7). Because the ones place has a value greater than or equal to five, it rounds up.
Final answer: 520 km

A dance competition on television had five elimination rounds. After each elimination, only one-fourth of the contestants were sent to the next round. The table below shows the number of contestants in each round of the competition: x 1 2 3 4 5 f(x) 512 128 32 8 2 Compute the average rate of change of f(x) from x = 2 to x = 4 and describe what it represents.

−60 contestants per round, and it represents the average rate at which the number of contestants changed from the second round to the fourth round

−120 contestants per round, and it represents the average rate at which the number of contestants changed from the second round to the fourth round

−60 contestants per round, and it represents the number of contestants who will reach the final round

−120 contestants per round, and it represents the number of contestants who will reach the final round

Answers

When x =2, f(x) = 128
When x = 4, f(x) = 8

The changing rate is [tex] \frac{8-128}{4-2}= \frac{-120}{2}=-60 [/tex]

This changing rate represents the decrease of the number of contestants as the competition approaches the final.

Correct option is the first option

−60 contestants per round and it represents the average rate at which the number of contestants changed from the second round to the fourth round 

Answer:

A

Step-by-step explanation:

A construction company was contracted to build a cylindrical storage tank with a diameter of 48 feet and height of 25 feet. Just before construction was to begin, it was learned that a new law allows tanks to be a maximum of 9 feet in height. If the tank is redesigned to meet the law, but has the same volume, what is its new diameter?

Answers

v=hpir^2
d/2=r

so, at first, diameter is 48ft
48/2=24ft is radius
height is 25ft

so volume=25pi24^2 or 14400pi cubic feet

max of 9ft

if we want 9ft height
find r
hmm

14400pi=9pir^2
divide both sides by 9pi
1600=r^2
sqrt both sides
40=r
2r=d
2(40)=80=d

the new diameter is 80ft

please help! I have a deadline tonight!!!!

Answers

so the y-intercept means you can put a point at the coordinates (0,-2). the slope is 3/2 so from there you can go up 3 and over 2 to the point (2,1) and so on. you can also continue the line the other direction by going down 3 and to the left 2 to get the point (-2,-5)
The equation would be:

y = 3/2x - 2
or
y = 1.5x - 2

To graph it, make a point at (0, -2) (the y-intercept).
Each unit to the right, increase the y axis by 1.5
Each unit to the left, decrease the y axis by 1.5

How do you convert from a radical expression to a rational exponent?

Im just a little confused so if someone could explain this to me, thatd be great!

Answers

 The denominator of the raised fraction is what goes on the outside of the square root. So if you had 2 raised to 1/3, you'd put the 3 raised outside to the left of the radical and the 2 inside. They give the same answer, so if you know one, you can always play with the other until you get the same answer. My teacher told us in Calculus a funny/weird way to remember it is the "bottom (of the raised fraction) goes in the crack (of the radical)." Does this help??
Final answer:

To convert a radical expression to a rational exponent, identify the root index of the radical as this will be the denominator of the rational exponent. The base remains unchanged. The rational exponent is 1 over the root index.

Explanation:

To convert a radical expression to a rational exponent, you need to understand the connection between them. In mathematics, the 'nth root of a' can be written as a radical expression or as a to the power of 1/n, which is the rational exponent form.

For example, if we have √a (square root of a), which is a radical expression, it can be written as a^(1/2) in rational exponent form. Similarly, the cube root of a (3√a) translates to a^(1/3).

Here are the steps for conversion:

   

Learn more about Radical to Rational Exponent Conversion here:

https://brainly.com/question/10921616

#SPJ3

True or false, the product of two rational numbers is never equal to 1.

Answers

The answer is true the product of two rational numbers is never equal to 1
Final answer:

The product of two rational numbers can indeed be equal to 1. For example, 2/3 (two-thirds) and 3/2 (three-halves) are both rational numbers, and their product is 1.

Explanation:

The product of two rational numbers can indeed equal to 1. This is a False statement. For example, if we take 2/3 (two-thirds) and 3/2 (three-halves), both are rational numbers because they can be expressed as fractions, i.e., ratios of two integers. In this case, if we multiply these two numbers together, i.e., (2/3)*(3/2), we get 6/6, which equals 1. Therefore, it's possible that the product of two rational numbers can equal 1, hence proving the provided statement to be false.

Learn more about Rational Numbers here:

https://brainly.com/question/36880638

#SPJ11

A high school student volunteers to present a report to the administration about the types of lunches students prefer. He surveys members of his class and records their choices. What type of sampling did the student use? systematic random sampling

Answers

Convenience Sampling. This hath been an answer given by the GREAT SHU SHAOSHU!

Answer:

the answer is convenience sampling

Step-by-step explanation:

Zayed is helping his classmates get ready for their math test by making them identical packages of pencils and calculators. He has 72 pencils and 24 calculators and he must use all of the pencils and calculators. If Zayed creates the greatest number of identical packages possible, how many pencils will be in each package?

Answers

Answer:

3 pencils

Step-by-step explanation:

We are given Zayed is helping his classmates get ready for their math test by making them identical packages of pencils and calculators.

Number of pencils=72

Number of calculators=24

If Zayed creates the greatest number of identical packages

Then , we find GCF of 72 and 24

[tex]72=2\times 2\times 2\times 3\times 3[/tex]

[tex]24=2\times 2\times 2\times 3[/tex]

GCF=[tex]2\times 2\times 2\times 3[/tex]

Hence, Zayed creates 24 packages.

Number of pencils in each package=[tex]\frac{72}{24}=3[/tex]

Hence, 3 pencils and one calculator will be in each package .

Answer:

3 pencils

Step-by-step explanation:

Ravi and Tikiera are making Halloween Pencil Toppers to raise money for the Math Club. Ravi can make one pencil topper in 10 minutes and Tikiera can make one pencil topper in 9 minutes. If they work together, how quickly can they make one pencil topper? Round your answer to the nearest tenth of a minute.

Answers

You have to solve the following equation:

[tex] \frac{t}{9}+ \frac{t}{10} =1[/tex]

The answer you get is [tex]t= \frac{90}{19} [/tex] which is about 4.7 minutes!
Other Questions
For elements to maintain a neutral charge, which two particles must have equal numbers? What were the roles of the gods, kings and justice in ancient laws?code of hammurabi, the negative confession, and/or exodus? According to the results of national comorbidity survey (ncs), approximately one out of _____ american adults has experienced the symptoms of a psychological disorder at some point in his or her lifetime. one week you spent $24 on 6 subway tickets and 4 express bus tickets. The next week you spent $27 on 3 subway tickets and 7 express tickets. How many will it cost you to buy 5 subway tickets and 2 express tickets this week? (05.01 MC)The graph shows the price, in dollars, of different numbers of sweet breads at Alan's store. The table shows the price, in dollars, of different numbers of shortcakes at the same store.ShortcakeNumber of Shortcake Price of Shortcake5 45 10 90 15 135 20 180 How many dollars more is the price of a shortcake than the price of a sweet bread at David's store? $4 $5 $9 $25 The ordered pair (a, b) gives the location of point P on the coordinate plane. The value of a is negative and the value of b is zero. Where could point P be located on the coordinate plane?Select one or more:Quadrant IQuadrant IIQuadrant IVQuadrant IIIx-axisy-axis FIND THE FOLLOWING USING THE GIVEN TRIANGLE...PLEASE HELP ME SUCK AT MATH...SOS!!! ASAP!!!! A laptop computer is purchased for $2250. After each year, the resale value decreases by 25%. What will the resale value be after 3 years?Use the calculator provided and round your answer to the nearest dollar. Find the cosine and sine of 180 degrees. Round your answers to the nearest hundredth if necessary. Disorders characterized by disturbances in emotion are known as ______ disorders. conversion somatoform mood dissociative What did those who fought at Gettysburg do that those who have gathered cannot? A video game sets the points needed to reach the next level based on the function g(x) = 12(2)x 1, where x is the current level. The hardest setting promises to multiply the points needed in each level according to the function h(x) = 3x. How many points will a player need on the hardest setting of level 6? Please help I don't get this!Solve V=whfor h. Estimate how long it would take one person to mow a football field using an ordinary home lawn mower. state your assumptions, such as the mower moves with a 1 km/hr speed, and has a 0.5 m width. the strip of wood 78 inches long has to be cut into pieces of 3 3/4 inches long how many pieces can be cut Simplifying each side of the equation results in x2 3x 4 = x2 5x + 6. Find the solution: x + 2 3x 1 x 2 = x 3 3x How do free-body force diagrams help you determine an objects direction of motion? Use the number 913,256. Write the name of the period that has the digits 913. Select the person who was not an abolitionist. Theodore Weld Harriet Beecher Stowe Sojourner Truth Roger B. Taney Pamela drove her car 999999 kilometers and used 999 liters of fuel. she wants to know how many kilometers (k)(k)left parenthesis, k, right parenthesis she can drive with 121212 liters of fuel. she assumes the relationship between kilometers and fuel is proportional. answer Steam Workshop Downloader